Economics

Classes

ECO 125: Economics of Social Problems

Class Program
Credits 3

An introductory economics course (cross-listed with History and Sociology) that prepares students with the concepts, tools, and methods of analysis that economists employ to address historical and contemporary  social issues and problems facing the U.S. Topics included are: economics of crime, poverty, discrimination, income inequality, pollution problems, inflation and unemployment, deficit and the national debt, Social Security, and globalization.

Advising Note
RSC General Education Breadth: Humanities - History; RSC General Education Breadth: Social and Behavioral Sciences

ECO 201: Principles of Macroeconomics

Class Program
Credits 3

This survey of macro-economy includes analysis of inflation, unemployment, and economic growth. This course emphasizes the theoretical foundations for the formation of fiscal, monetary, and international stabilization policy. 

ECO 202: Principles of Microeconomics

Class Program
Credits 3

This is a survey of economics of price determination (supply and demand), theory of firm and competitive market structures, consumer and business decision-making, and government regulation of economic activity of government.

ECO 215: Statistics for Decision Making

Class Program
Credits 3

The course builds a foundation of descriptive and interferential statistics and develops applications to managerial and economic decision-making. Topics include: descriptive statistics, probabilities, estimation, test of hypothesis with both parametric and non-parametric statistics, and regression analysis. Microcomputer statistical packages support the course content.

ECO 303: Investments

Class Program
Credits 3

The study of economics of wealth management in a risky environment. Topics include operations of the US securities markets (stocks, bonds, options, futures, and mutual funds); international investment markets; sources of information for individual investors; techniques for assessing risk; and strategies for balancing risk.

Prerequisites

ECO 201 or ECO 202

ECO 304: Financial Markets and Institutions

Class Program
Credits 3

Investigation of the financial system of the United States. Topics covered include major financial institutions and instruments, the determinants of interest rates, analysis of commercial banking system, and structure of the Federal Reserve. An introduction to monetary theory and effectiveness of monetary policy on price levels and national income. Students will become familiar with day-to-day events that influence operation of financial systems in the United States.

Prerequisites

ECO-201

ECO 310: Comparative Political Economy

Class Program
Credits 3

This course engages students in the study of the political and economic history, culture, institutions, and policies of various national political economies. The course uses the comparative method, the cross-cultural approach, and the concept of political culture to probe the subject matter in both western and nonwestern countries. An important theme of the course is democratization from ancient times to the present. Countries studied include the United States, the United Kingdom, France, Russia, China, India, and Nigeria.  Prerequisite: ENG 101, WLD 101 OR HUM 112

Advising Note
Also POL-310
Prerequisites

ENG 101, WLD 101 OR HUM 112

ECO 313: Economic Development

Class Program
Credits 3

A survey of economic development theories and obstacles to economic development. Includes an analysis of selected issues and problems in the development process, international debt, population growth, unemployment, urbanization, foreign direct investment, and financial liberalization.

ECO 318: Economies in Transition

Class Program

A study of economic aspects of transition from centrally planned economy to a capitalist mixed economy. Topics include: problems of transition; different approaches to economic transition; sequence of reform; consequences of the economic transformation for the global economy. Relevant experience and sequence of transition of several countries will be examined.  (Cross-listed with HST 218)

ECO 348: Topics in Global Economies

Class Program
Credits 3

Topics include: economic integration, industrial vs. third world economic relations, free trade, the relationship between monetary and fiscal policy, and the world economy.