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Economics Course Descriptions

SW 220-COB,The Economy and Society: This course examines important concepts of microeconomics and macroeconomics and analyzes issues such as energy prices, prescription drug costs, pollution and globalization of markets using these concepts. It explores how economic life is intertwined with a society's culture, politics, values and history. Further, it considers the limitations of the economic methodology to place economics in a context with the other social sciences. (U)(3). Fall and spring.

EC231, Principles of Microeconomics:This course examines the economic behavior of individuals, firms and markets. The course provides basic concepts of economics and the analytical tools for students to understand how and why people make economic choices. Prerequisites: sophomore standing; or 15 hours and MA106 or MA125. (U)(3). Fall and spring.

EC232, Principles of Macroeconomics:This course studies aggregate output, employment, trade, government fiscal and monetary policies and other national and international economic issues. It provides a framework for understanding and evaluating economic policy choices made by political leaders throughout the world. Prerequisite: EC231. (U)(3). Fall and spring.

EC332, Intermediate Macroeconomics:Discusses measures of national income; it also examines causes of growth and fluctuations in national income. Prerequisites: junior standing, EC231 and EC232. (U)(3). Spring only.

EC336, Comparative Economic Systems:An inquiry into the underlying principles and operational methods of national economic systems throughout the world. Focuses on the transition of the former socialist countries to market economies, and reviews the alternative models of central planning, market socialism and market capitalism. Compares the economic policy choices (and consequences) that countries adopt to further national objectives. Prerequisite: SW220-COB or EC231. (U)(3). Occasionally.

EC339, Economic History of the United States:Study of the economic development of the United States, emphasizing both theoretical and quantitative tools of analysis. Prerequisite: SW220-COB or EC231 (U)(3). Occasionally.

EC342, Law and Economics:This course looks at law and crime from an economic perspective. Topics include property law, contract law, torts and crime. The course examines theory as well as many actual cases. It also explores the evolution and economic impacts of our laws and legal structure. Prerequisite: SW220-COB or EC231 (U)(3). Occasionally.

EC346, Health Care Economics:The course will apply economic tools and methods to better understand the current health care system and possible reform policy initiatives. It is intended to be discussion-based and should be attractive to student with diverse academic backgrounds. Prerequisite: EC231. (U)(3). Fall and spring.

EC351, Urban Economics:The application of economic analysis to urban affairs, e.g., ghetto redevelopment, growth and fiscal management. Theory and policy both are considered in analyzing urban economic problems. Prerequisite: SW220-COB or EC231. (U)(3).

EC352, Personnel Economics:This course presents an economic approach to a variety of human resource issues, including recruitment and hiring, turnover, motivating workers to high levels of productivity, and job assignment. Basic microeconomic theory is applied to these topics to gain a better understanding of how to successfully manage people. Prerequisites: EC231 and EC232. (U)(3). Spring only.

EC354, Intermediate Microeconomics:Economic theory and management decision making. Specific topics include demand determinants, cost-output functions and pricing theory. Credit will not be given for both EC350 and EC354. Prerequisites: EC231 and EC232. (U)(3). Fall only.

EC355, Money and Banking: The study of the U.S. monetary system including the role of the Federal Reserve.  The functions and operations of commercial banks and other depository institutions are examined.  Prerequisites: EC231 and EC232. (U)(3). Occasionally.

EC391, Environmental and Natural Resources:The economics of externalities and their relation to property rights, alternative strategies for dealing with environmental problems, and analysis of problems of allocating natural resources over time. Prerequisite: SW220-COB or EC231. (U)(3). Spring odd-numbered years.

EC401, 402, 403. Independent Study:(U) (1, 2, 3).

EC433, International Economics:Examines theories of international trade, tariffs and regional economics integration; also examines foreign trade financing, international investment, and balance of payments adjustment. Prerequisites: EC231 and EC232. (U)(3). Fall and Spring.

EC434, Public Finance:Systems of expenditure, taxation, borrowing and budgeting of national, state and local governments. Theories and principles of taxation. Prerequisite: SW220-COB or EC231. (U)(3). Spring even-numbered years.

EC438, Economic History of Europe:A study of the economic development of selected European states since 1500. Emphasizes economic, demographic, political, social and cultural forces affecting production and distribution. Prerequisite: SW220-COB or EC231. (U)(3). Occasionally.

EC462, Mathematical Economics:An introductory exploration of mathematical economics. It explores basic issues in economics - supply and demand, profit and utility maximization, monetary and fiscal policy - using formal mathematical models. Students will not simply go over mathematical economic models but will develop an appreciation for how these models are constructed. Prerequisites: EC231, EC232, and MA106. (U)(3). Occasionally.

EC464, Quantitative Methods - Econometrics:Applications of statistical methods to economic analysis and forecasting. Examines methods of hypothesis testing, linear regression, and time-series analysis, and applies these to issues of micro and macroeconomics. Prerequisites: EC231, EC232, and MS264 or MA162. (U)(3). Spring only.

EC495, Special Topics in Economics:Seminar in selected economics topics. Course content will vary from semester to semester. Prerequisite: SW220-COB or EC231. (U)(3). Occasionally.

EC499, Honors Thesis: (U)(3).