Economics Courses

ECO 201

PRINCIPLES OF ECONOMICS I (Macro) is an introduction
to the theory of income determination with emphasis on monetary and
fiscal policies. Aggregate supply and demand analysis is presented with
an emphasis on measurement and determination of national income, the
price level, and the rate of economic growth. Additional topics include
the objectives of full employment, price stability, economic growth, and
balance of payments stability. (Economics Core)
3 credit hours

 

ECO 202

PRINCIPLES OF ECONOMICS II (Micro) is an
introduction to the theory of price determination, market coordination
and adjustment. Topics include: consumer demand theory, the theory of
production and cost, and pricing and output decisions under competitive
and noncompetitive conditions.
3 credit hours

 

ECO 212

FUNDAMENTALS OF BUSINESS STATISTICS is an
introduction to concepts in statistical methods and their applications
to real-world problems. The goal of the course is for students to
understand fundamental statistical concepts and methods and their
applications. Topics include descriptive and inferential statistics,
including an introduction to probability theory, correlation, and
regression analysis.
3 credit hours

 

ECO 290

ECONOMIC THEORY OF GAMES AND STRATEGY is an
introduction to the emerging science of strategy, the art of outdoing an
adversary knowing that the adversary is trying to do the same. Subjects
discussed include basic principles of strategy, prisoners’ dilemma
games, credibility, uncertainty, cooperation, strategic voting,
auctions, bankruptcy, R&D races, cartel behavior, military and
diplomatic situations, and other topics subject to the interest of
students and the instructor.
3 credit hours

 

ECO 302

CURRENT ECONOMIC PROBLEMS* analyzes the most
important contemporary economic problems and the application of
fundamental economic theories to present-day business problems.
Prerequisites: ECO 201-202
3 credit hours

 

ECO 303

LABOR ECONOMICS presents an analysis of trends and
behavior of labor supply and demand, wage levels, structures, and
differentials, and their effects on production and employment. Economic
principles that underlie social legislation are also studied to give the
student a better perspective of labor and its place in our economic
society.
Prerequisites: ECO 201-202
3 credit hours

 

ECO 321

MONEY AND BANKING considers the nature and functions
of the monetary and banking mechanisms. Analyzing money and credit,
bank regulations, the Federal Reserve System, and monetary theory are
important for understanding not only the institutional structure of our
money system, but how it holds together the balance of our economy.
3 credit hours

 

ECO 341

ECONOMETRICS provides the student of economics with
the tools needed for probabilistic and quantitative analysis of economic
phenomena used in the development of theory and observation. The course
introduces students to topics such as the classical linear regression
model and hypothesis testing in building econometric models and
simulations. Also covered are special topics such as autocorrelation,
multicollinearity, heteroscedasticity, and dummy variables.
Prerequisites: ECO 201, 202, 212, and MTH 156
3 credit hours

 

ECO 400

INTERNSHIP is a work-experience opportunity with the
purpose of expanding education by applying accumulated knowledge in
economics. The availability of internships is limited to upper-level
students, normally seniors. Students are approved individually by the
academic department. A contact can be obtained from the Career Services
Office.
Prerequisite: Economics senior standing and permission of chair.
Internships must be preapproved.
1-6 credit hours

 

ECO 401

HISTORY OF ECONOMIC THOUGHT* develops economic
concepts and theories from the mercantilists to recent economists.
Economic ideas and theories related to their respective places in
history are constructed. Students are better able to understand the
value of various theories regarding their application to the economic
world.
Prerequisites: ECO 201-202
3 credit hours

 

ECO 404

LAW AND ECONOMICS applies the methods of economics
to the analysis of the structure of common law, legal process, legal
institution and statutory regulations to the impact of law on the
behavior of individuals, groups, and the economy. Topics include the
nature of economic reasoning and the economic approach to the law;
property rights in economics and law; torts and tort liability; legal
processes; crime and punishment; and variable topics subject to
instructor and student interest.
Cross-listed with LST 404
3 credit hours

 

ECO 411

INTERMEDIATE MACROECONOMIC THEORY* is an analysis of
Keynesian and neoclassical theories of consumption, investment,
interest, savings, monetary, and fiscal policy. This course covers
various aspects of the money and banking system, economic growth, and
the international economy.
Prerequisite: ECO 201
3 credit hours

 

ECO 412

INTERMEDIATE MICROECONOMIC THEORY* is an in-depth
analysis of the theory of the firm, which includes the theories of
consumer behavior, market demand, production decisions, and cost
combinations. Prices, output and input costs under pure competition,
monopoly, monopolistic competition, and oligopoly are also considered.
Prerequisite: ECO 201
3 credit hours

 

ECO 427

INTERNATIONAL TRADE AND FINANCE* presents the theory
of international trade, the balance of payments, and the global
monetary system. The first part of the course traces the development of
trade theory and barriers to trade, while the second part focuses on
financial markets, exchange markets, and the theory and evidence related
to floating exchange rates.
Prerequisites: ECO 201-202
3 credit hours

 

ECO 430

ECONOMICS PRACTICUM provides the student with
opportunities to apply theories presented in other economics courses to
“real world” situations. Emphasis is on application of theory, with
concentration on communicating effectively in written and oral form.
Topics include locating published research, writing skills in economics,
theory’s role in research, empirical methods, and self-directed
study/research skills. This course runs concurrently with ECO 434.
Prerequisite: Senior standing
2 credit hours

 

ECO 434

SENIOR THESIS is required of all senior economics
majors. The student will meet with a faculty member to discuss, plan,
implement, and create an original research project. This course must be
taken concurrently with ECO 430.
Prerequisite: Senior standing
3 credit hours

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