Course Descriptions - Economics


Economic Issues introduces current issues from an economic perspective, analyzes the issues, considers policy implications of them, and debates alternative views. Credit for the course does not count toward the economics major.



ECO 1020 Principles of Economics I (3)

The American economy; aggregate economics with emphasis on the relationships of income, consumption, savings and investment; money and banking, economic growth and the role of government. (The 1020-1021 sequence may be taken in either order.)
General Education Breadth Course


ECO 1021 Principles of Economics II (3)
The allocation of resources and distribution of income through the price systems with emphasis on the American economic system. (The 1020-1021 sequence may be taken in either order.)
General Education Breadth Course

ECO 2030 History of Economic Thought (3)
The development of economic thought with special emphasis on Aristotle, Mercantilism, Physiocrats, Hume, the Classical School, Marx and the Neo-Classical School.

ECO 2040 American Economic Development (3)
Development of the American economy from colonial times to the present, including the development of agriculture and industry, the impact of technology and the evolution of the banking system.

ECO 2041 European Economic Development (3)
Economic development of Europe from ancient times to the present with emphasis on medieval era, Reformation, Industrial Revolution and conditions in the 20th century.

ECO 2120 Statistics for Business and Economics (3)
The methods for the collection, presentation and analysis of business and economic data, including sampling, the estimation of population parameters, index numbers, probability theory, the normal distribution, confidence intervals, testing of hypothesis, regression and correlation.

ECO 3020 Intermediate Macroeconomics (3)
An analysis of economic aggregates. Interrelationship between money supply, interest rates, output and employment. Classical, Keynesian, post-Keynesian theories.
Prerequisites: ECO 1020-1021.

ECO 3021 Intermediate Microeconomics (3)
Theory of value and distribution. Prices, output and factor proportion problems of firms operating under conditions of competition, monopolistic competition, oligopoly and monopoly.
Prerequisites: ECO 1020-1021.

ECO 3022 Managerial Economics (3)
The course develops a foundation of economic understanding for use in managerial decision making. A comprehensive treatment of economic theory focusing on the use of managerial economic tools and techniques in specific decision-making settings is developed. The nature of the decision process and the role economic analysis plays in that process are emphasized.
Prerequisites: ECO 1020, 1021.

ECO 3050 Comparative Economic Systems (3)
Principles and practices of capitalism, socialism and communism with special emphases on the economics of the U.S.A. and Soviet-style economies.
Prerequisites: ECO 1020 - 1021

ECO 3051 The Capitalist System (3)
An analysis of the functioning of the capitalist system with respect to social problems. Conservative and liberal views sympathetic to the market system are contrasted with radical views that are unsympathetic to capitalism.
Prerequisites: ECO 1020 and 1021.

ECO 4050 Seminar in Comparative Economic Systems (3)
A study of contemporary alternative modes of economic organization and the rationale for these modes. Special attention is devoted to the U.S., Britain, Scandinavia, China, and Soviet-style economies.
Prerequisites: ECO 1020 and 1021.

ECO 4500 Selected Topics in Economics (3)
The course surveys areas in Economics and/or Finance influenced by contemporary developments in the disciplines that result from changes in the economy, technology or methodological breakthroughs.
Prerequisites: ECO 3020, ECO 3021


ECO 3100 Economic Development (3)
A brief survey of development theories. Problems and factors of economic development. Case studies of underdeveloped

ECO 3110 Latin American Economic Development (3)
Examination and critical analysis of Latin American Economic Development Strategies. Discussion of resource constraint, policy application and development issues in Latin America. Emergence of newly industrialized Latin American countries and new international economic order are evaluated.
Prerequisites: ECO 1020, 1021.

ECO 4100 Business Cycle Theory (3)
Historical and theoretical analysis of business cycle theory. Measures to control cyclical fluctuations and methods of investment forecasting.
Prerequisites: ECO 1020-1021.

Writing Emphasis Course QUANTITATIVE METHODS

ECO 3200 Introduction to Quantitative Methods in Economics (3)
Mathematical statement of equilibrium, maximization and minimization of economic models. Introduction to dynamic techniques and linear production models. Review of necessary mathematics.
Prerequisites: ECO 1020 and 1021.

ECO 4200 Introduction to Econometrics (3)
The testing and construction of economic models using mathematical and statistical models. Application in macroeconomics.
Prerequisites: ECO 1020, 1021 and MGS 2120.


ECO 3300 Money and Banking (3)
The nature and function of money, operations of banks, the Federal Reserve System and the Treasury. Income and monetary theory and its applications to achieve stability, employment and growth.
Prerequisites: ECO 1020-1021.


ECO 3320 Public Finance (3)
Principles of taxation, budgeting, public expenditure, debt management and fiscal policy with special reference to federal, state and local governments.
Prerequisites: ECO 1020-1021.

ECO 4300 Monetary and Fiscal Policy (3)
An examination of different hypotheses dealing with the mechanisms through which variations in the national budget and the money supply are said to affect such problems as unemployment, inflation, economic growth and the balance on international payments.
Prerequisite: ECO 3020.

ECO 4310 Monetary Economics (3)
A theoretical analysis of topics in monetary theory and policy; demand and supply of money; monetary influences on prices and interest rates; monetary channels; instruments and targets; lags in the effect of monetary policy.
Prerequisites: ECO 1020, 1021, 3020.
Recommended: ECO 3300, 3200, 4200.



ECO 3400 International Economics (3)
Principles of international trade, international finance and exchange. Introduction to the major international organizations.
Prerequisites: ECO 1020-1021.


ECO 4420 Advanced International Economics (3)
A theoretical analysis of advanced topics in international trade. An investigation into the causes of international specialization, balance of payments, trade policy and the relation of international trade to growth and development.
Prerequisites: ECO 3100 and 3110.


ECO 4430 International Monetary Economics (3)
Analysis of the balance of payments accounts and adjustment policies. Determination of exchange rates, foreign exchange markets and the appropriate use of monetary and fiscal policy for a fixed versus a flexible exchange rate system.
Prerequisites: ECO 3020 and 3021.

ECO 4440 Seminar in International Economics: Advanced Theory and Policy (3)
Recent literature covering topics in advanced international economic theory and policy. Application of received theory to problems in international trade and finance including international monetary arrangements, the growth of world trade, customs, unions, the distribution of income, and economic growth and development.
Prerequisite: ECO 3400.


ECO 3600 Government and Business (3)
The development of public policies towards business. The principles, purposes and effectiveness of anti-trust laws and other government regulations of business.
Prerequisites: ECO 1020-1021.

ECO 3610 Industrial Organization and Public Policy (3)
An analysis of American market structure with a consideration of the conduct and performance of industries under different modes of competition. An analysis of different public policy measures for improving industrial
performance from a social viewpoint.

Prerequisites: ECO 1020 and 1021.

ECO 3630 The Economics of Transportation (3)
The operation of domestic transport modes, comparing the actual allocation of transportation resources with an ideal allocation dictated by free market criteria. The economic effects of regulation, subsidization and intermodal competition. Evaluation of proposals for integrated operation of the national transportation network.
Prerequisites: ECO 1020-1021.


ECO 3730 Economic Geography (3)
Man’s economic activities in relation to environmental factors: climate, resources and
cultural influences.

Prerequisites: ECO 1020 - 1021


ECO 3800 Labor Economics I (3)
Economic analysis applied to the labor market and the wage structure; wage theories and policies; collective bargaining and unionism; labor problems.
Prerequisites: ECO 1020 and 1021.

ECO 3801 Labor Economics II
The economic behavior of employment and earnings; wages and inflation; social security and welfare programs; public policy;manpower and human capital formation.
Prerequisites: ECO 1020, 1021 and/or 3800.

ECO 3820 The Economics of Crime and Punishment (3)
A theoretical and empirical investigation into the economic forces that shape crime and punishment in the U.S. The course, using the tools of economic analysis, focuses on the social nexus of capitalism and crime, plutocracy and punishment, race and class; and how those relationships define, justify, and encourage the rise of the modern penal colony.
Prerequisites: ECO 1020 and 1021.

ECO 3840 Population Economics (3)
The economic determinants of population growth. Various economic theories of fertility behavior. The effects of rapid population growth on the economy, especially of population growth on savings, natural resources and the environment.
Prerequisites: ECO 1020 and 1021.



ECO 2900 The Economics of Poverty (3)
The impact of industrialization and urbanization on society and the change in the attitude towards poverty. Theoretical aspects of the nature of poverty and the reasons for its existence in the U.S. The development of federal anti-poverty policies and programs.
Prerequisite: Eco 1020 - 1021

ECO 2920 Consumer Economics (3)
The general framework within which consumer choices are exercised; the tools of personal economic choice applied to consumption and investment decisions.
Prerequisite: ECO 1021.

ECO 3900 Economics of Discrimination (3)
The course surveys theories of economic discrimination. In a diverse society, it examines the social groups that suffer discrimination most and its resulting income/wealth distribution impact. Policies to ameliorate domestic discrimination are studied and reviewed. Also, international aspects of discrimination are examined.
Prerequisites: ECO 1020, ECO 1021.

ECO 3910 Health Economics (3)
Use of tools of economic theory in the study of special problems of health resources, markets, manpower shortages, insurance programs, Medicare and Medicaid.
Prerequisite: ECO 1021.

ECO 3930 Urban Economics (3)
An investigation of economic influence on the organization and form of urban areas. Problems and public policy issues in urban transportation, public finance, housing and poverty analyzed in relation to the evolving economic structure of metropolitan areas.
Prerequisites: ECO 1020 and 1021.

ECO 4801-4806 Cooperative Education-Economics (1-6)
Students will take one or two semesters of off-campus, on-the-job training in various aspects of economics. Interrelationships between theory and practice will be emphasized. Students may take a maximum of 6 credits in Cooperative Education in their major.
Prerequisites: ECO 3020, 3021. Juniors and Seniors majoring in economics, and subject to approval by dept. chair and faculty adviser.

ECO 4930 Regional and Urban Economic Theory (3)
A theoretical treatment of the factors that determine the economic base, growth, and development of economic regions with special emphasis on metropolitan regions.
Prerequisites: ECO 1020 and 1021.



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