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ECO-Economics

ECO100 - Elements of Economics

An introduction to the elements of economic analysis, structured particularly for the non-major. The student is exposed to the rational self-interest model of human behavior, the mechanics of the market system and a survey of modern macroeconomic theory and policy. Emphasis is placed on examples from everyday life whenever possible. (3 crs.)

ECO102 - Economics for Elementary Education Majors

This course provides an introduction to the fundamentals of economics focusing on a basic understanding of the economic way of thinking, markets, economic efficiency, market failures, the business cycle and macroeconomic policy. Co-Requisite: GEO 102 and POS 102 (1 cr.)

ECO200 - Current Economic Issues

An application of contemporary economic principles. Current readings in economics are examined. Prerequisite: ECO 100 or ECO 201. (3 crs.)

ECO201 - Principles of Microeconomics

This course focuses on explaining the economic choices made by individuals, households and firms. Topics to be covered will include: consumer choice, supply and demand and markets, production and costs, economic efficiency, and market structure. (3 crs.)

ECO202 - Principles of Macroeconomics

An introduction to the determination of national income; problems of inflation and unemployment; international trade; and economic growth. Emphasis is placed on the roles of monetary and fiscal policy in the conduct of macroeconomic policy. Prerequisite: ECO 100 or ECO 201 is recommended. (3 crs.)

ECO301 - Intermediate Microeconomics

An analysis of the theories of consumer behavior and of firms in the allocation of resources, and of general price and distribution theory, with application to current economic issues. Prerequisites: ECO 201 and MAT 181 (3 crs.)

ECO302 - Intermediate Macroeconomics

Analysis of the determination of national income, employment and price levels. Discussion of consumption, investment, inflation, and government fiscal and monetary policy. Prerequisites: ECO 201 and 202. (3 crs.)

ECO304 - Money and Banking

Relationship of money and credit to economic activity and prices; impact of public policy in financial markets and for goods and services; policies, structure and the functions of the Federal Reserve System; organization, operations and functions of the commercial banking system, as related to questions of economic stability and public policy. Prerequisites: ECO 201 and ECO 202. (3 crs.)

ECO308 - Public Finance

A study of the role of federal, state and local governments in meeting public wants. Topics include analysis of tax theory and policy, government expenditures, public debt management, government budgeting, benefit cost analysis, and income redistribution. Prerequisites: ECO 201 and ECO 202. (3 crs.)

ECO311 - Labor Economics

An introduction to labor economics, theories of the labor movement, the American labor movement, wage and employment theory, comparative labor movements, and trade union impact on wages, prices and national income. Prerequisites: ECO 201 and ECO 202. (3 crs.)

ECO322 - Managerial Economics

A survey of analytical techniques available to the modern business manager. Topics include economics for managers, business forecasting, cost and production functions, industrial pricing, profit planning, business decision making. Prerequisites: ECO 201, ECO 202 and MAT 181, or a course in calculus. (3 crs.)

ECO331 - Regional Economics

An introduction to regional analysis: theories of city locations and hierarchies, industrial location patterns, land-use patterns, the short-run impact of industrial change upon employment in one community and on long-run differentials of per capita income between regions. Prerequisite: ECO 100 or ECO 201 or ECO 202. (3 crs.)

ECO360 - International Economics

A descriptive and theoretical analysis of international trade, balance of payment accounts, comparative costs, mechanisms of international financial relations. Prerequisites: ECO 201 and ECO 202. (3 crs.)

ECO421 - Applied Econometrics

This course explores the formulation, estimation and testing of empirical models in economics and social sciences. The focus of the course is on the use of multiple regression analysis in the estimation and testing of causal relationship. Topics include appropriate model construction including variable selection and functional form, the use of dummy variables and panel data, the assumptions of the Classical model and the problems of multicolinearity, heteroskedasticity and autocorrelation. The class involves both lecture and hands-on practice/labs. A significant part of the course is an independent research project utilizing the techniques discussed in the course. Prerequisites: MAT 215 or MAT 225 (3 crs.)

ECO492 - Economics Internship

The student is placed with a business firm, bank, industrial firm, government office, healthcare facility or similar institution for on-the-job experiences related to classroom coursework. This course should be taken quite late in the undergraduate career. Credit-hours will range from 1 to 12 depending on the nature of the particular assignment. Prerequisite: Senior standing or permission of instructor. A maximum of 12 credits can be used toward the completion of degree. (Variable crs.)