Economics Course Descriptions
Concentrates attention on the determination of prices for goods and factors of production.
Presents a general description of the American economy and the theory of income determination and income fluctuations. Prerequisite: ECON 215.
Examines the role of money in the economy, the instruments of monetary and fiscal policy, and the techniques of commercial banking, the Federal Reserve System, interest rates and institutions affecting the money market. Prerequisite: ECON 215, 216.
Surveys government income, expenditures, and transfer payments at the local, state, and national levels. Particular attention is given to fiscal policy, problems of taxation and incentives, and principles of debt management. Prerequisite: ECON 215, 216 or permission of instructor.
Develops the methodology of economics and uses this to provide explanations about pricing of commodities and employment of factor services under conditions of full employment. Prerequisite: ECON 215, 216.
Examines the relationships among the aggregate markets for commodities, money, bonds, and labor. Emphasis is placed on analytical explanations for the determination of national income, output, employment, interest rates, and the price level. Prerequisite: ECON 215, 216.
Examines the reasons for and gains from trade among nations, as well as the impact of trade restrictions. Prerequisite: ECON 215, 216, or permission of instructor.
Examines monetary exchange rates, the balance of payments, capital flows, and the impact of international activity on domestic economies. Prerequisite: ECON 215, 216, or permission of instructor.
Provides the advanced student an opportunity to study selected topics in economic theory. The course may be repeated as the subject matter changes. Prerequisite: ECON 215, 216.
Covers current issues in macroeconomic or microeconomic policy, with emphasis changing with each offering. Students are given the opportunity to explore applications of basic economic theory and models to help understand such issues as monetary policy, the role of the Federal Reserve, tax policy, unemployment, social security, and Medicare reform. A specific list of subjects to be covered will be made available with each course listing. Prerequisites: ECON 215, 216.
Involves the empirical testing of economic hypotheses using, primarily, linear regression. The results can be used to determine how closely theory corresponds to observed behavior, to investigate which theories best explain behavior and to forecast what future conditions may produce. This course is designed to introduce students to basic econometric techniques. Possible remedies to the most frequently encountered problems are also discussed. Prerequisite: A minimum grade of C in BUSI 325.
Considers the role of government in the American economy and examines contemporary governmental policies toward the private sector of the economy from both a legal and an economic viewpoint. The main topics are the enforcement of anti-trust in the unregulated sector and the improved regulation of industries subject to government controls. Prerequisite: ECON 215, 216, or permission of instructor.
Enables the student to pursue an approved research project in economic theory. Prerequisite: ECON 333.