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ECO 215 Principles of Microeconomics 3 cr
Functions of the price system in a market economy; role of
households and business firms in mobilizing resources to meet human
needs. The functional and personal distribution and use of income.
Relevant problems are discussed.
ECO 216 Principles of Macroeconomics 3 cr
Economics as a science; its nature and functions. Analysis
of the American economy from the macroeconomic viewpoint, stressing
full employment, monetary and fiscal policy, national income accounting,
and their application to current problems and issues.
ECO 300 Introduction to Economics 3 cr
Intensive study of micro- and macroeconomic principles with
emphasis on application to current economic issues and problems of
interest to public school teachers and students. Prerequisite: for
non-business and non-economics majors.
ECO 315 Intermediate Microeconomics 3 cr
Operation of the price system, with special reference to
a market economy and to related public policies and business issues;
analysis of the distribution of income; theories of consumer behavior,
the firm, resource allocation, and product distribution. Prerequisite:
ECO 215 or 300 for non-business and non-economics majors.
ECO 316 Intermediate Macroeconomics 3 cr
The nature and control of forces in a developed economy that
determine levels of employment, income and use of resources, and rate
and direction of economic growth. Prerequisite: ECO 215 or 300 for
non-business and non-economics majors.
ECO 318 Principles of Managerial Economics 3 cr
Study of economic principles and methods in analyzing problems
faced by management of a business or other type of organization; application
of economic concepts to finding solutions of such problems that advance
the best interest of such organizations. Prerequisite: ECO 215 or
300 for non-business and non-economic majors.
ECO 321 Economic Systems 3 cr
Economic systems in leading societies and cultures are analyzed,
with special reference to economic growth, full employment policies,
various institutions and techniques, and the effectiveness with which
they function under different systems. Prerequisite: ECO 215 or 300
for non-business and non-economic majors.
ECO 322 Industrial Structure and Public Policy 3 cr
An analysis of the effect of modern industrial structure
on competitive behavior and performance, in the light of contemporary
price theory and the theory of workable competition; a critical evaluation
of the legislative content, judicial interpretation, and economic
effects of antitrust laws, current problems and proposed remedies.
Prerequisite: ECO 215 or 300 for non-business and non-economics majors.
ECO 323 Public Finance 3 cr
The nature, purposes, and economic effects of various types
of taxes in a federal government. Problems of tax administration,
budgeting, and expenditure of tax revenues. Review of current problems.
Prerequisite: ECO 215 or 300 for non-business and non-economic majors.
ECO 325 State and Local Government Finance 3 cr
An analysis of the facts, problems, theories, and economic
policy implications of the expenditures and revenue sources of state
and local governments. Prerequisite: ECO 215 or 300 for non-business
and non-economic majors.
ECO 330 Current Global Economic Issues 3 cr
Application of standard economic theory of markets to analyze
major issues confronting U.S. consumers and businesses in the global
economy. Topics include comparative advantage, commercial policy and
protectionism, currency markets and foreign exchange rates, economic
integration and free trade areas, international trade accounting,
and financial aspects of international trade. Prerequisite: ECO 215
or 300 for non-business and non-economic majors.
ECO 340 Money and Banking 3 cr
Analysis of monetary, credit, and baking institutions in
the American economy, emphasizing commercial banks, the Federal Reserve
System, and the Treasury. Prerequisite: ECO 215, 216, or 300 for non-business
and non-economic majors.
ECO 343 Labor Economics 3 cr
United States population analyzed by age, sex, and other
characteristics; study of the labor force and its composition; unemployment
and underemployment. Education as an investment in productive resources.
Economics of leisure, health, housing, recreation, and other areas
of human-resource development. Prerequisite: ECO 215 or 300 for non-business
and non-economic majors.
ECO 363 International Economics 3 cr
Modern international trade theory; the balance of payments
and adjustment processes; the evolution of international economic
institutions; critical analysis of current international economic
policies - trade, monetary, and regional economics organizations.
Prerequisite: ECO 215 or 300 for non-business and non-economic majors.
ECO 371 Economic Development 3 cr
Economic development theory with stress on the roles of technology,
management, international financing, technical assistance organizations,
and international private investment. Factors that control and influence
the developmental process either positively or negatively. Prerequisite:
ECO 215 or 300 for non-business and non-economic majors.
ECO 372 Economics of Urban Development 3 cr
The nature of urban development, with special attention to
analysis of the impact of urban expansion on natural, human, and capital
resources; financial and administrative problems. The role of planning
regulation. Theoretical and practical limitations to urbanization.
Prerequisite: ECO 215 or 300 for non-business and non-economic majors.
ECO 383 Economic History of the United States 3 cr
The evolution of the modern United States economic system.
The parts played by exploitation of natural resources, investment
from abroad, financial institutions, and technology in arriving at
the present economic situation. Critical analysis of development just
before, during and after World War II, and of current economic problems.
Prerequisite: ECO 215, 216, or 300 for non-business and non-economics
majors.
ECO 453 Introduction to Econometrics 3 cr
Study of regression analysis and its application to business,
economics, and other social-science problems; emphasis on model building,
research writing, and econometric forecasting. Students are required
to write a term paper on econometric applications under direct supervision
of the instructor. Prerequisite: ST 210, ECO 215 and 216.
ECO 490 Special Topics 3 cr
Designed to provide senior students an opportunity to study
selected topics of particular interest. Prerequisite: Permission of
department chair and associate dean.
ECO 491 History of Economic Thought 3 cr
Economic ideas from the Greeks to present, with intensive
study of the classical, neoclassical, and contemporary schools of
economic thought. Prerequisite: ECO 215 or 300 for non-business and
non-economic majors.
ECO 494 Directed Study in Economics 3 cr
Reading and research on selected economic topics under guidance
of the departmental faculty. Credit and prerequisites vary with the
nature and magnitude of individual projects. Prerequisites: Junior
or senior standing, a cumulative GPA of 2.5 or better, and approval
of the department chair and associate dean following the evaluation
of a written proposal.
ECO 496 Economics Internship 3 cr
The internship program is designed to give students practical
experience in their field of study. Students will complete directed
study projects under the supervision of a faculty advisor. No more
than four hours of internship may be counted toward a degree in the
College of Business. Prerequisites: Junior or senior standing, a cumulative
GPA of 2.5 or better, and approval of the department chair and associate
dean following the evaluation of a written proposal.
ECO 517 Economic Theory 3 cr
A survey of macro- and microeconomic theory with emphasis
placed upon the economics of the firm and the industry, market structures,
price theory, forecasting and long-term business planning.
ECO 518 Managerial Economics 3 cr
An application of microeconomic concepts to managerial decision
making; concepts covered include market structure, optimization, regression
modeling, global concepts, price elasticity, pricing/profit analysis,
gaming analysis, antitrust laws, forecasting, and capital budgeting.
Prerequisite: ECO 517 or its equivalent.
ECO 520 Global Economic Issues for Managers 3 cr
An introduction to global economic concepts for managers
of the public and private sector; concepts covered include impact
of U.S. trade policies on the global economy, foreign exchange rates,
foreign direct investment, multinational corporations, international
organizations for free trade, and managerial decision-making in the
changing global environment. Prerequisite: ECO 517 or its equivalent.
ECO 521 Governmental Policy Towards Business 3 cr
An examination of the rationale behind and actual effects
of federal government statutes and policies in the areas of antitrust,
public utilities, quasi-public utilities, and public enterprise. Particular
attention is given to firm behavior in unregulated markets and the
modifications of this behavior which result from governmental intervention.
ECO 590 Special Topics 3 cr
Designed to provide graduate students an opportunity to study
selected topics. (A student may count no more than 4 hours of Special
Topics in the M.B.A. degree program). Prerequisite: Permission of
department chair and director of graduate studies.
ECO 594 Independent Study 3 cr
Readings and research on selected topics. Conferences and
formal research report required. Prerequisite: Permission of department
chair and director of graduate studies.
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