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ECO 2010-3 Principles of Economics-Macro (3 + 0)
Prerequisites: either ENG 1010 or the Level I Communications course, and satisfaction of the Level I
Mathematics requirement
An introduction to the principles of economics emphasizing the economy as a whole. Topics include: methods
used in economics; gains from exchange and international trade, supply and demand-market outcomes and
the impact of government interventions; measurement and determinants of macroeconomic performance-the
national income and product, inflation, unemployment, and international balance of payments; business cycles
(economic fluctuations) and economic growth; demand side and supply side fiscal policy; banking, central
banking, and monetary policy; preliminary international financial markets and open economy macro policy.
(General Studies-Level II, Social Sciences)
ECO 2020-3 Principles of Economics-Micro (3 + 0)
Prerequisites: either ENG 1010 or the Level I Communications course, and satisfaction of the Level I
Mathematics requirement
An introduction to the principles of economics with an emphasis on individual economic units. Topics include:
supply and demand-market outcomes and the impact of government interventions; consumer choice; production
theory and economic costs, the theory of the firm; competition and monopoly; resource markets and factor
prices; and the role of government in a market economy-the legal framework and property rights, economic
efficiency and competition policy, externalities and environmental protection, provision of public goods, and
distribution of income and wealth. (General Studies-Level II, Social Sciences)
ECO 3010-3 Intermediate Microeconomic Theory (3 + 0)
Prerequisites: ECO 2020 and either MTH 1320 or MTH 1410
This course analyzes production, price, and distribution theory within a microeconomic framework. Studies
include value and distribution theories under conditions of varying market structures. Topics will also include
consumer theory; competitive, oligopoly, and monopoly pricing and output behavior as well as pricing of factors
of production and welfare theory.
ECO 3020-3 Intermediate Macroeconomic Theory (3 + 0)
Prerequisites: ECO 2010
The course is a survey of major aggregate economic models. Emphasis is on the role of consumption, investment,
and government decisions on aggregate economic activity. Topics include an analysis of consumption and
investment decisions, income determination models, monetary and fiscal policy, and economic growth.
ECO 3100-3 Money and Banking (3 + 0)
Prerequisite: ECO 2010
The study of money as a policy variable affecting economic activity. Money is examined both in its role
in exchange and as an instrument of economic policy. The Federal Reserve System, money supply, money
demand, and their respective effects on macroeconomic activity are stressed.
ECO 3150-3 Econometrics (3 + 0)
Prerequisites: (ECO 2010 or ECO 2020) and (MTH 1320 or MTH 1410 or CMS 2300) or permission of
instructor
This course applies mathematical techniques to problems in economics. Emphasis is on application rather than
computational methods of mathematical rigor. The problems of acquiring, measuring, and using economic data
are examined.
ECO 3200-3 Economic History of the U.S. (3 + 0)
Prerequisites: ECO 2010
This course examines historical trends in American economic organizations and institutions and their development
from colonial times to the present. Topics include problems of national and regional industrial development,
economic stability, and trends in income distribution.
ECO 3250-3 Labor Economics (3 + 0)
Prerequisite: ECO 2020
The study of the topics related to the supply of labor, the allocation of labor among uses, the extent and incidence
of unemployment, and the determination of wages. Concentration is on application of economic theory
to understand the behavior of labor and problems of labor markets.
ECO 3450-3 Environmental Economics (3 + 0)
Prerequisite: ECO 2020
An economic analysis of the causes and consequences of environmental degradation and of public policy measures
designed to preserve, protect, and enhance human environments.
ECO 3500-3 Managerial Economics (3 + 0)
Prerequisites: ECO 2020
This course applies economic theory to the decision-making process faced both by private and public enterprise.
The major emphasis is to provide the theory and tools essential to the analysis and solution of those problems
which have significant economic consequences, both for the firm and the society at large.
ECO 3550-3 Global Economics and International Trade (3 + 0)
Prerequisites: ECO 2010 or ECO 2020
The course looks at the fundamental economic concepts needed for understanding international economic
relationships. Topics addressed include international trade theory, capital movements, international monetary
institutions, balance of payments adjustments and the impact of trade policies on economic development and
growth.
ECO 4300-3 Public Finance (3 + 0)
Prerequisites: ECO 2020
This course analyzes the effects of taxation, government expenditures, fiscal policy, and public debt on the
resource allocation and income distribution of society. Topics included in the course are taxation, pricing of
public services, intergovernmental fiscal relations, and macroeconomic issues in public finance.
ECO 4400-3 Industrial Organization and Public Policy (3 + 0)
Prerequisites: ECO 2020
The course exams the structure, conduct, and performance of American and foreign industries. Questions of
public policy in dealing with problems created by industrial concentration including the regulation of public
utilities are examined. Industries are measured against the yardstick of the public interest.
ECO 4450-3 International Macroeconomics (3 + 0)
Prerequisites: ECO 3550 or ECO 3020
The course will use general equilibrium analysis to provide the foundation for international finance, the composition
of international transactions, and determination of real national income and its distribution among factors
of production. This theoretical framework is then applied to a host of economic problems. The alternative
approaches to balance of payments equilibration are then explored in depth.
ECO 4500-3 Business and Economic Forecasting (3 + 0)
Prerequisite: ECO 2010 and (ECO 3150 or CMS 2300)
The course examines the general approaches to predicting macroeconomic activity and how these techniques
are implemented into the management decision process. Topics include data acquisition, quantitative techniques,
business cycle theories and macroeconomic forecasting, industry and sales forecasting.
ECO 4600-3 History of Economic Thought (3 + 0)
Prerequisites: ECO 2010, ECO 2020, senior standing, and satisfaction of all Level I and Level II General
Studies course requirements
Survey of the development of economic thought from ancient to modern times. Topics include the classical
school from Smith through Mill; Marxian economics; the marginalists; institutional economics; and Keynesian
Macroeconomics. (Senior Experience)
ECO 4650-3 Advanced Macroeconomics (3 + 0)
Prerequisite: ECO 3020 or ECO 3100
The course analyzes monetary models and money as a policy determinant and its place in national and international
economics. Topics include the importance of interest rates, the effectiveness of monetary and fiscal
policy, the examination of portfolio balance models, and international models.
ECO 4700-3 Law and Economics (3 + 0)
Prerequisites: ECO 2020
This course focuses on the interaction between economics and the law. Topics include the effect of economic
theory on the development of common law, the economic analysis of property, contract, and tort law, and the
effect of legal analysis on economic and political institutions.
ECO 4750-3 The Economic Approach to Politics (3 + 0)
Prerequisite: ECO 2020
The course will focus on the use of economic theory to analyze political decision making. This rational choice
theory approach will examine such topics as voting rules and behavior, legislatures, bureaucracies, courts, interest
groups and public policy outcomes.
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