Course Catalog

Economics

101. Macroeconomic Principles.
A study of the elementary principles relating to the level of economic activity in a mixed capitalistic economic system. Particular attention is given to the determination of national income and employment, the impact of monetary and fiscal policies on the level of economic activity, the rate of economic growth, and international economics. Three hours. Cornerstone 3.

102. Microeconomic Principles.
A study of the elementary economic principles relating to the components of economic activity. Particular attention is given to the theory of the firm, the determination of prices under conditions of perfect and imperfect competition, monopoly and oligopoly, and the analysis of factors of production. Three hours. Cornerstone 3.

190. Special Topics in Economics.

201. Elementary Statistics.
This course presents the fundamentals of descriptive and inferential statistics from an applications-oriented perspective. Topics include central tendency and variability, frequency distributions, elementary probability theory, binominal, normal, and “t” distributions, sampling theory, confidence intervals, hypothesis testing, correlation and regression, and analysis of variance. Prerequisite: One of the following: Math 105/105T, Math ACT of 22 or higher, or Math SAT of 530 or higher. Cornerstone 2B. Same as Math 201. Three hours. Students majoring in the Division of Education and Social Science should take Sociology/Psychology 210 rather than this course. Credit will not be given for both Sociology/Psychology 210 and Mathematics 201.

210. Environmental Economics.
Environmental Economics examines the linkages between product markets and environmental pollution. The course uses economic analysis to assess the impacts of markets on the environment, investigates potential areas for government intervention, and evaluates the effectiveness of intervention in achieving particular objectives. Prerequisite: Economics 102. Three hours. Alternate years.

219. Employment Experience in Economics.

220. Labor Economics.
An examination of current labor market issues using economic theory. A wide variety of labor market policies such as minimum wage legislation, health and welfare reform, and immigration initiatives are analyzed. Prerequisite: Economics 102. Three hours. Alternate years.

223. Economics of Poverty.
Defines and measures poverty and presents different views of its causes. Explores the effects of government programs on alleviating poverty. Programs analyzed include TANF, AFDC, food stamps, job training, Equal Opportunity policies and negative income tax strategies. Prerequisite: Economics 101 or Economics 102. Three hours. Alternate years.

230. Economic Development.
Eighty percent of the world’s population resides in less developed countries (LDCs) within Asia, Africa and Latin America. This course examines theories of economic development, problems currently facing LDCs and programs being used to alleviate poverty around the world. Prerequisite: Economics 101 or Economics 102. Three hours. Alternate years.

290. Special Topics in Economics.

319. Internship in Economics.

337. Investments and Securities Markets.
Application of fundamental and technical analysis techniques to investments in stocks, bonds, options, futures, and other financial instruments. Prerequisite: Economics 101. Three hours.

338. Eberhart Student Aid Fund.
Students may enroll in this course for a maximum of four and one half credit hours. Each semester earns 1.5 credit hours. Students’ research and select stocks for the ESAF portfolio, investing real dollars, which are part of the College endowment fund. Earnings are used for scholarship support. Class meets three hours per week. One and a half credit hours per semester; maximum four and a half hours. Prerequisite: Economics 337.

339. Corporation Finance.
Survey of the principles underlying the financial management of the modern corporation. Major topics include: corporate securities, ratio analysis, working capital, management of cash, receivables, inventories, plant assets, short term debt, long term debt, and owner’s equity. Prerequisites: Management 131; Economics 101, 102; Accounting 251, 252; Mathematics/ Economics 201. Three hours.

341. History of Economic Thought.
An examination of the development of economic doctrine with emphasis on those ideas which have led to modern economic theory. Economic ideas from the Mercantilists to the Modern Period are analyzed. Three hours. Alternate years.

343. International Trade and Finance.
An analysis of the principles of international economic theory and international finance. Prerequisites: Economics 101, 102. Three hours. Alternate years.

344. Money and Banking.
A presentation of the banking system of the United States with emphasis on monetary theory and the determination, application, and effects of various monetary policies. Prerequisites: Economics 101, 102; Accounting 251, 252. Three hours. Alternate years.

365. Intermediate Microeconomics.
A more advanced investigation of economics as it relates to individual units. Topics include consumer behavior and demand, production and cost, the firm and market structures, distribution, general equilibrium, and economic welfare. Prerequisites: Economics 101, 102, Mathematics 140 or 151, Econ/Math 201. Three hours. Alternate years.

366. Intermediate Macroeconomics.
A more advanced investigation of economics as it relates to aggregates. Topics include national income and output, an investigation of Classical Keynesian, New Classical and New Keynesian macroeconomics and investment, consumption, savings, the money market, the labor market, and growth and development. Prerequisites: Economics 101, 102; Mathematics 140 or 151. Three hours. Alternate years.

370. Econometrics.
Econometrics applies statistical methods to test economic theories and make economic forecasts. Students will learn to design, perform and evaluate empirical work in economics. The course, which involves extensive use of statistical software, will culminate in a final project that will integrate economic theory and econometric analysis. Prerequisites: Math 140 or 151, Econ/ Math 201; Economics 101, 102. Three hours.

380. Independent Study in Economics.

390. Special Topics in Economics.

Last Updated: 6/10/09