Academic Catalog

Economics (ECON)

ECON 2003  Principles of Macroeconomics  
ACTS Common Course - ECON 2103.

Macroeconomic analysis of output, income, employment, price level, and business fluctuations, including the monetary system, fiscal and monetary policy, and international economics.

ECON 2013  Principles of Microeconomics  
ACTS Common Course - ECON 2203.

Microeconomic analysis of consumer and producer behavior. Includes theory of production and cost, the effects of market structure on resource allocation, distribution of income, and welfare economics.

ECON 2103  Honors Principles of Economics I  
Prerequisite: Admission to University Honors or permission of Honors Director.

Macroeconomic analysis of output, income, employment, price level, and business fluctuations, including the monetary system, fiscal and monetary economics, and international economics.

ECON 3003  Money and Banking  
Prerequisite: ACCT 2013, ECON 2003 and 2013, BDA 2003, and (BUAD 2053 or PSY 2053 or STAT 2163).

Additionally, must have a minimum GPA of 2.0. An overview of money, banking, and financial markets in the United States economy. Includes the functions of money, interest rates, the financial system, central banking, and monetary policy.

ECON 3013  Economics of Labor Relations  
Prerequisite: ACCT 2013, ECON 2003 and 2013, BDA 2003, and (BUAD 2053 or PSY 2053 or STAT 2163).

Additionally, must have a minimum GPA of 2.0. An overview of U.S. labor sector including demographic trends, labor unions, human capital issues and work-leisure values. A brief review of neo-classical wage theory with critiques. Selected labor sector issues such as global labor developments, public sector employment, migration/mobility and discrimination.

ECON 3073  Intermediate Microeconomic Theory  
Prerequisite: ACCT 2013, ECON 2003 and 2013, BDA 2003, and (BUAD 2053 or PSY 2053 or STAT 2163).

Additionally, must have a minimum GPA of 2.0. An examination of the theories of consumer behavior and demand, and the theories of production, cost and supply. The determination of product prices and output in various market structures and an analysis of factor pricing.

ECON 3093  Econometrics  
Prerequisite: ECON 2003, ECON 2013, BDA 2003, and (BUAD 2053 or PSY 2053 or STAT 2163), or permission of the instructor.

This course develops the theory and applications of regression analysis, which is the primary tool for empirical work in economics. Emphasis is placed on techniques for estimating economic relationships, economic modeling, inference, and testing economic hypotheses in the context of real world problems. Students will also be exposed to other empirical techniques to prepare them for further studies.

ECON 4003  Readings in Economic Theory  
Offered: On demand.
Prerequisite: ACCT 2013, ECON 2003, ECON 2013, BDA 2003, and (BUAD 2053 or PSY 2053 or STAT 2163).

Additionally, must have a minimum GPA of 2.0 on 54 or more earned hours. Advanced study on an individual basis is offered in money and banking, public finance, general economics, international trade, labor relations, transportation.

ECON 4033  Current Economic Problems  
Prerequisite: ACCT 2013, ECON 2003 and 2013, BDA 2003, and (BUAD 2053 or PSY 2053 or STAT 2163).

Additionally, must have a minimum GPA of 2.0 on 54 or more earned hours. Emphasis is on a "way of thinking" about current economic problems including a conceptual context, critical thinking and problem solving approaches. Major domestic and global economic trends are reviewed. Current economic issues are selected for evaluation.

ECON 4073  World Economic Systems  
Offered: On demand.
Prerequisite: ACCT 2013, ECON 2003 and 2013, BDA 2003, and (BUAD 2053 or PSY 2053 or STAT 2163).

Additionally, must have a minimum GPA of 2.0 on 54 or more earned hours. A study of the institutional framework of an economic system selected by the instructor. The course includes a visit to the country being studied.

ECON 4093  International Economics and Finance  
Prerequisite: ACCT 2013, ECON 2003 and 2013, BDA 2003, (BUAD 2053 or PSY 2053 or STAT 2163), and choice of FIN 3063, ECON 3003, or ECON 3073.

Additionally, must have a minimum GPA of 2.0. A course designed specifically for economics and finance majors desiring an understanding of the interplay of economic and financial forces between nations. While developing the theoretical base underlying these forces, the course will emphasize practical aspects of cross border flows of goods, services, and capital from the point of view of the firm and the economy. Lecture and discussion will be supplemented by analysis of cases and current events where appropriate. The content of the course should be readily applicable to any private or public sector policy making situation involving an international dimension in which students find themselves.

ECON 4103  Economics Special Topics  
Prerequisite: Junior or senior standing, minimum GPA of 2.000, and permission of the instructor.

Varies based on topics covered.

Note: May take for duplicate credit, up to 6 hours, if topic varies.
ECON 6093  Special Topics in Economics  

Course offers an in-depth exploration of selected economics issues affecting business. The primary focus of the course will vary from offering to offering; thus the course may be taken more than once. There is a required research project.

Note: Students are limited to a maximum of six (6) hours of special topics credit.
ECON 6103  Managerial Economics  
Prerequisite: ECON 2003 with a C or better and ECON 2013 with a C or better.

The course emphasizes data driven analysis of domestic and global market demand, surviving in a competitive environment, pricing with market power, analyzing strategic interaction, and optimizing production processes. $35 per SSCH course fee.