ECONOMICS (ECO)

ECO 214 Principles of Macroeconomics 4 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 215 Principles of Microeconomics 4 cr
Functions of the price system in a market economy; roles of the households in mobilizing resources to meet human needs. The functional and personal distribution and use of income. Relevant problems are discussed.

ECO 285 Current Economic Issues 4 cr
Systematic application of economic theory to analysis and attempted resolution of current local, national, and world economic problems.

ECO 300 Introduction to Economics 4 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. For non-business and non-economics majors.

ECO 301 Current Global Economic Issues 4 cr
Application of the standard economic theory to 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. Prerequisites: ECO 215 (or ECO 300 for non-business and non-economics majors or consent of the department chair).

ECO 315 Intermediate Microeconomics 4 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 ECO 300 for non-business, non-economics majors).

ECO 316 Intermediate Macroeconomics (W) 4 cr
The nature and control of forces in a developed economy which determine levels of employment, income and use of resources, and rate and direction of economic growth. Prerequisites: ECO 214, ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 318 Principles of Managerial Economics 4 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 interests of such organizations. Prerequisite: ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 321 Economic Systems 4 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 ECO 300 for non-business, non-economics majors).

ECO 322 Industrial Structure and Public Policy 4 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 ECO 300 for non-business, non-economics majors).

ECO 323 Public Finance 4 cr
The nature, purposes, and economic effects of various types of taxes in a federated government. Problems of tax administration, budgeting, and expenditure of tax revenues. Review of current problems. Prerequisite: ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 325 State and Local Government Finance 4 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 ECO 300 for non-business, non-economics majors).

ECO 333 Economics of Poverty 4 cr
Economic causes and effects of poverty, both urban and rural. Distribution of poverty among minority groups. Effectiveness of remedial efforts to date and evaluation of emerging proposals. Critical review of welfare programs. Prerequisites: ECO 214, ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 340 Money and Banking 4 cr
Analysis of monetary, credit, and banking institutions in the American economy, emphasizing commercial banks, the Federal Reserve System, and the Treasury. Prerequisites: ECO 214, ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 343 Economics of Human Resources 4 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 ECO 300 for non-business, non-economics majors).

ECO 360 Economics of Health Care 4 cr
An examination of the major economic aspects and issues relevant to the health-care sector in the United States. Attention is given to economic considerations applicable to both the overall health-care sector, as well as specific portions of that sector. Prerequisite: ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 363 International Economics 4 cr
Modern international trade theory; the balance of payments and the 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 ECO 300 for non-business, non-economics majors).

ECO 371 Economic Development 4 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. The growth process is discussed also. Prerequisite: ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 372 Economics of Urban Development 4 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 and regulation. Theoretical and practical limitations to urbanization. Prerequisite: ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 383 Economic History of the United States 4 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 214, ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 453 Introduction to Econometrics 4 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. Prerequisites: ST 175, ECO 214, ECO 215.

ECO 464 Foreign Economic Policy 4 cr
Analysis of selected international economic issues and the study of existing and proposed policies pertaining thereto, emphasizing their implications for U.S. economic policy. Prerequisite: ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 490 Special Topics 4 cr
Designed to provide senior students an opportunity to study selected topics of particular interest. Prerequisites: Permission of department chair and associate dean. (A student may count no more than four hours of Special Topics in the Concentration.)

ECO 491 History of Economic Thought 4 cr
Economic ideas from the Greeks to modern times, with intensive study of the classical, neoclassical, and contemporary schools of economic thought. Prerequisite: ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 492 Seminar: Economic Theory 4 cr
Current and emerging problems in economic theory; the contribution of Marshall and Keynes and their followers; application of mathematical and computer techniques to economic situations. Interrelationships between economics and other disciplines. Lectures, reports, and critical discussion of major topics. Prerequisite: ECO 215 (or ECO 300 for non-business, non-economics majors).

ECO 494 Directed Study in Economics 4 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 4 cr
The internship program is designed to give students practical experience in their field of study. Students will complete directed 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 and Management Studies. Prerequisites: Junior of 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 4 cr
A survey of macro- and micro-economic 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 4 cr
Managerial decision-making and policy formulation using relevant economic theory and concepts. Prerequisites: ECO 517 or its equivalent and MGT 540.

ECO 521 Governmental Policy Towards Business 4 cr
An examination of the rationale behind and actual effects of federal government statutes and policies in the areas of antitrust, public utilities, quasipublic 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. Prerequisite: ECO 517 or its equivalent.

ECO 532 Macroeconomic Theory 4 cr
Provides the student with an understanding of the interrelated forces which determine the levels of employment, income, and rate of inflation in a free-market economy. Analyzes the theoretical basis for governmental stabilization policies, and the macro-effects of such policies. Prerequisite: ECO 517 or its equivalent.

ECO 553 Applied Econometrics 4 cr
Basics of econometrics; applications of econometric methods to business and economic problems, and forecasting. A term paper on econometric applications is required. Prerequisites: MGT 545 or its equivalent and ECO 517.

ECO 590 Special Topics 4 cr
Designed to provide graduate students an opportunity to study selected topics. Prerequisites: Permission of department chair and director of graduate studies. A student may count no more than 4 hours of Special Topics in the M.B.A. degree program.

ECO 594 Independent Study 4 cr
Readings and research on selected topics. Conferences and formal research report required. Prerequisites: permission of department chair and director of graduate studies.

Courses of Instruction

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