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Economics Courses (ECO)

GE Core denotes General Education Core credit;
GE Marker
denotes General Education Marker credit;
CAR denotes College Additional Requirement credit.

Courses for Undergraduates

100 Economic Development of the Non-Western World (3:3)

GE Marker: GN

Pr. freshman or sophomore standing only, or permission of instructor

The economics of developing nations, with a natural emphasis on the non-Western world. Topics include demographics, education, employment, health care, the environment, foreign aid, international institutions, and theories of economic growth.

101 Introduction to Economics (3:3)

GE Core: GSB

Students with credit for ECO 201, 202 or equivalent, cannot also receive credit for 101.

Introduction to basic economic concepts and public policy issues with application to the contemporary American economy.

201 Principles of Microeconomics (3:3)

GE Core: GSB

Introduction to microeconomic principles and analysis. Topics include: the market economy, supply and demand, shortages and surpluses, competition and monopoly, international trade, and public policy issues.

202 Principles of Macroeconomics (3:3)

GE Core: GSB

Pr. ECO 101 or 201

Introduction to macroeconomic principles and analysis. Topics include the national income, the monetary system, inflation, business cycles, fiscal policy, the national debt, exchange rates, balance of payments, and economic growth.

215 The Economics of Entrepreneurship (3:3)

Pr. ECO 101 or 201

Study of entrepreneurship from history of economic thought perspective and application of such concepts to economic agents. Emphasis on economic thought, market activity, and economic growth. (Same as ENT 215) (Spring)

250 Economic and Business Statistics I (3:3)

Pr. MAT 115 or 150, ECO 101 or 201, and ISM 110

Introduction to statistical methods with applications in economics and business. Topics include descriptive statistics, probability, statistical inference, correlation, and regression. Emphasis on problem solving with microcomputer applications.

300 The International Economy (3:3)

GE Marker: GL

Pr. ECO 101 or 201, and 202; or permission of instructor

Examines the history, structure, and institutional foundations of the international trading system. Analyzes the impact of trade on economic growth, employment and living standards with a focus on contemporary issues.

301 Intermediate Microeconomic Theory (3:3)

Pr. ECO 101 or 201, and 202

Intermediate level analysis of consumer theory and theory of the firm. Other topics include market failure, savings and investment, risk and uncertainty, wage determination, and income distribution.

310 The U.S. in the Global Economy: 1700–2000 (3:3)

Pr. ECO 101 or 201, and 202; or permission of instructor

Examination of the history of the United States in the international economy. Examines trade policy, technological and industrial leadership, immigration, the depression, and American post-WWII dominance.

311 Managerial Economics (3:3)

Pr. ECO 250

Economic analysis of management and firm behavior. Topics include: the nature of the firm, managerial decision-making, demand, market structures, competitive strategies, finance, costs, supply, pricing, R&D, and mergers.

312 Economics of Technology (3:3)

Pr. ECO 101 or 201

Economic analysis of technological change. Topics include sources of productivity, inventive activity, entrepreneurship, innovation strategy, R&D management, patenting, and technology assessment. (Same as ENT 312) (Fall)

319 Quantitative Analysis I (3:3)

Pr. MAT 120 or 191, and ECO 201

Introduction to mathematical methods in economics. Includes applications of mathematics to consumer and production theory, equilibrium analysis, input-output models, and optimization. (Spring)

323 Public Finance (3:3)

Pr. ECO 301

The analysis of taxes and expenditures. Topics include: rationale for government (public goods, externalities), expenditure analysis (including income redistribution), tax analysis (including income, sales, and property taxes). (Spring)

325 Sports Economics (3:3)

Pr. ECO 101 or 201

Economic theory of sports leagues: competitive balance, player labor markets, and owner capital markets. Theories of league expansion, rival leagues, franchise relocation, and sports venues.

327 Money and Economic Activity (3:3)

Pr. ECO 202

Emphasis on legal, institutional, and economic forces which mutually interact to determine supply of money. Elementary monetary theory and monetary flows, institutions, policies, and problems analyzed. International as well as domestic monetary analysis. (Fall)

346 Intermediate Macroeconomic Theory (3:3)

Pr. ECO 202; admission to an approved program

Intermediate level analysis of national income and employment with attention to fiscal and monetary policy, theories of business fluctuations, and economic growth. (Spring)

351 Economic and Business Statistics II (3:3)

Pr. ECO 250

Continuation of 250. Multiple regression, time series analysis, simple forecasting, basic econometric models applied to case studies in business, economics, and finance. Use of statistical programs. (Spring)

360 International Monetary Economics I (3:3)

Pr. ECO 202

Analysis of balance of payments and international monetary systems. Monetary and fiscal policies under the gold standard, fixed exchange, and flexible exchange systems. Breakdown of the Bretton Woods system and the current exchange rate policies of central banks.

363 European Economic History (3:3)

Pr. ECO 101 or 201

Study of evolution of European economics from early modern times to the twentieth century. Emphasis on sources of growth: trade, migration, industry, technical change, labor, and capital. (Same as HIS 363)

365 The Economics of European Integration (3:3)

Pr. ECO 201 and 202

Examines the historical, current and expected future economics of the European Union. Topics include: trade, protectionism, harmonization, labor issues, the Euro, expansion and interrelation with the global economy.

370 Labor Economics (3:3)

Pr. ECO 301

Examination of wage and employment determination in U.S. labor markets. Topics include labor supply and labor demand theory, investments in education and training, job search and migration, unemployment, unions, racial and sex discrimination, income inequality, and public policy. (Fall)

375 Government and Business (3:3)

Pr. ECO 101 or 201

Government regulation and control of markets. Emphasis on antitrust laws and economics as well as control by regulation.

380 Environmental and Natural Resource Economics (3:3)

Pr. ECO 101 or 201

Examination of environmental problems in market economies. Topics include the economic theory of pollution and its control, common-property resources, renewable and other resources, endangered species, population growth, and international problems.

390 Health Economics (3:3)

Pr. ECO 301; 2.0 GPA

Examination of supply and demand for health care, medical malpractice, health insurance, government provision of health care, international comparisons, and health care reform.

467 Economic Growth and Development (3:3)

Pr. ECO 300

Investigation of the determinants of the long-run economic growth of nations. Application of economic concepts to problems of developing and lesser developed countries. (Spring)

493 Honors Work (3–6)

Pr. permission of instructor; 3.30 GPA in the major, 12 s.h. in the major

May be repeated for credit if the topic of study changes.


499 Problems in Economics (3:3)

Pr. ECO 201 and consent of instructor

May be repeated for credit with approval of department head.

Independent study, research, and discussion covering a topic or group of related topics of current interest in economic policy or economic theory. Topics covered vary from semester to semester.