Economics

ECON225 (3)
Principles of Macroeconomics
Analysis of national income and expenditures according to
current theories. Inflation, economic growth, and unemployment
are examined, as well as modern banking and the money supply.
Applicable toward General Education requirements in the social
sciences. Fall

ECON226 (3)
Principles of Microeconomics
Explores theories currently used to explain how people choose
what to consume and produce. Analysis extended to well-defined
groups such as business firms; also explores the phenomenon
called "the market" with its prices and the way people react to
them. Algebra used extensively. Spring

ECON325Alt (3)
Economic Thought
The development of economic thinking from late medieval times
to the present. Survey begins with the Mercantilists, extends
through Adam Smith to 20th century thinkers such as Joan
Robinson, Milton Friedman, and John M. Keynes. Prerequisites: ECON225, 226.
Spring

ECON320 Alt (3)
U.S. Economic History
A survey of the United States' growth and transformation into
an industrialized nation. Economic analysis is used to explain
the sources and consequences of U.S. economic change. Topics
covered include the rise of the corporation, the emergence of
a national market, financial development, slavery, government
regulation, transportation, the Great Depression, and rapid post-
World War II growth. Spring

ECON328 Alt (3)
Money and Banking
Commercial banking, the operation and controls of the Federal
Reserve System, money and credit in circulation, and the effect of
monetary policies. Prerequisites: ECON225, 226. Fall

ECON330 Alt (3)
Health Economics
An application of economic principles to the health-care industry.
Demand for and supply of health-care services are analyzed to
determine their effect on cost. Examines the impact of insurance,
technology, and regulation on the industry. Prerequisite:
ECON226.

ECON334 (3)
Intermediate Microeconomics
Theoretical analysis of consumer behavior, individual prices, and
the allocation of specific resources to particular uses in a market
setting. The economic behavior of individuals and well-defined
groups of people is examined, with an introduction to welfare
economics. Students may not enroll in ECON334 unless they
have obtained a grade of C or higher in ECON226. Prerequisites:
ECON226, MATH141 or 182. Fall

ECON335 (3)
Intermediate Macroeconomics
Determinants of aggregate employment, income, consumption,
investment, and the price level in contemporary models. Students
may not enroll in ECON335 unless they have obtained a grade of
C or higher in ECON225. Prerequisites: ECON225, 226. Spring

ECON367 Alt (3)
Labor Economics and Relations
An analysis of the labor market focusing on labor demand, supply,
wage differentials, human capital, discrimination, and unions. Spring

ECON415 Alt (3)
Introduction to Econometrics
Topics include probability sampling, hypothesis testing, regression
techniques, and problems of multicollinearity, heteroscedasticity,
and auto-correlation. Prerequisites: STAT285 or 340, MATH141
or 182. Fall

ECON427 Alt (3)
Economic Development
A study of the problem of poverty in the world and theories about
the growth of developing countries. The effects of population
growth, trade and aid, alternative strategies for expansion,
and challenges facing these countries are evaluated. Prerequisites:
ECON225, 226. Fall

ECON440 Alt (3)
Public Finance
The course integrates economic theory with applications in the
field of public finance. Focuses on detailed microeconomic
analysis of government functions, expenditures, and finance.
Recent public finance issues are discussed. Prerequisites:
ECON225, 334. Fall

ECON454 Alt (3)
International Economics
A description and theoretical analysis of international trade,
balance-of-payments accounts, the mechanisms of international
economic adjustment, the theory of comparative advantage, and
economic integration. Prerequisites: ECON225, 226. Spring

ECON500 (2, 2)
Survey of Economics: Micro- and Macroeconomics
An analysis of national income and expenditures according to
current theories to understand how the overall economy works, as
well as a study of theories currently used to explain how people
choose what to consume and produce within the capitalistic
system. Not available for MBA program. Fall, Spring

ECON525 (3)
Global Macroeconomic Analysis
The study of global macroeconomic issues facing firms. Within
the context of competing economic theories, the course considers
domestic policies, international trade and payment issues,
economic growth, international institutions and the spread of
regional crises, and the impact of stabilization policies on firms.
Development of a spreadsheet model of an economy is required.
Prerequisite: ECON225. Fall

ECON530 (3)
Operations/Managerial Economics
The use of economic theory and optimization techniques as
tools of management decision making within a business firm
are studied. Statistical analyses such as regression techniques
will be utilized. A case study is required. While microeconomics
serves as a foundation, emphasis on quantitative approaches also
requires knowledge of basic calculus and statistics. Prerequisites:
ECON226, BSAD475 or INDT460, STAT285. Calculus
recommended. Spring