Course Descriptions

ECO 110 Economics of Urban Issues
This course studies the economic implications of many problems facing a metro-urban environment especially in the areas of education, housing, and transportation and is designed for those students who do not plan to major in economics, business administration, or MIS. (On demand)

ECO 112 Principles of Macroeconomics
An introduction to macroeconomics: national income analysis, monetary and fiscal policy, international trade. Application of elementary economic theory to current economic problems. May be taken independently of ECO 113. ECO 112 and 113 may be taken in either order. (Prereq.: MPG 3)

ECO 113 Principles of Microeconomics
An introduction to microeconomics: the theory of the household, firm, market structures, and income distribution. Application of elementary economic theory to market policy. May be taken independently of ECO 110 or 112. ECO 112 and 113 may be taken in either order. (Prereq.: MPG 3)

ECO 311 Public Finance
Analysis of the principles of taxation and public expenditures, the impact of fiscal policy on economic activity, and debt policy and its economic implications. (Prereq.: ECO 113. On Demand)

ECO 312 Intermediate Macroeconomics
Determinants of national income, employment, and price level analyzed via macromodels. Attention paid to areas of monetary-fiscal policy, growth, and the role of expectations. (Prereq.: ECO 112 and ENL 111 or 112 or HON 111. Fall)

ECO 313 Intermediate Microeconomics
Theory of resource allocation, analysis of consumer behavior, firm and industry; the pricing of factors of production and income distribution; introduction to welfare economics. (Prereq.: ECO 113 and pass CT assessment or GST 100. Spring semester and winter trimester)

ECO 315 Money and Banking
Functioning of the monetary and banking systems, particularly commercial banks, and the Federal Reserve system and its role in relation to aggregate economic activity. Emphasis placed on monetary theory and policy. (Prereq.: ECO 112. Fall, spring semesters and winter trimester)

ECO 317 Comparative Economic Systems
This course focuses on comparing the performance of various countries that rely on different economic systems for the allocation of resources, including systemic changes in Eastern Europe. Theoretical models are examined and compared to realworld variants. (Prereq.: ECO 112 or 113: Every three years)

ECO 318 Management Science
Provides a sound conceptual understanding of the modern techniques of management science to prepare students to make better business and economic decisions. Emphasis is on applications such as transportation, marketing, portfolio selection, environmental protection, the shortest route, and inventory models. (Prereq.: ECO 113, MPG 3. Fall semester and winter trimester)

ECO 350 Labor Economics
Analysis of labor markets, labor as a factor of production, determination of collective bargaining, labor legislation, and effects upon society. (Prereq.: ECO 113. Fall in alternate years)

ECO 360 International Economics
A study of the underlying forces affecting the economic relations among nations. Development of the basis for international trade, balance of payments, exchange rate systems, and commercial policy. (Prereq.: ECO 113. Spring in alternate years)

ECO 365 Environmental Economics
This course applies economic principles to the management and utilization of society’s environmental resources. It analyzes the role of externalities and the public policy approaches designed to address those market failures, including command/control and incentive-based strategies. Policy issues examined include air and water pollution, global environmental issues like ozone depletion and global warming, and environmental policy for developing countries. (Prereq.: ECO 113. Fall in alternate years)

ECO 370 International Economic Development
This course studies the major factors that affect the economic standard of living in the developing world. It examines such issues as poverty and income inequality, population growth, education and health of society, agricultural production, environmental externalities, and the role of international trade and foreign assistance. (Prereq.: ECO 112 or ECO 113. Spring in alternate years)

ECO 415 Managerial Economics
Integrates economic theory and corresponding practices in business. Among the topics considered are theories and practices in forecasting, estimation of demand and cost functions, and an analysis of economic problems of relevance to management. (Prereq.: BUS 379, ECO 313. On demand)

ECO 416 Mathematical Economics
Mathematical economics with emphasis on the application of mathematical tools to the areas of micro- and macroeconomic theory. (Prereq.: ECO 312 or ECO 313 and MATH 145 or a calculus class approved by course instructor.)

ECO 490 Research Methods in Econometrics
This course provides an introduction to the application of statistical models and methods to economic problems. Emphasis is on use of econometric software to analyze data and to test hypotheses. This course satisfies the keystone requirement. (Prereq.: ECO 112 and ECO 113, and ENL 111 or 112 or HON 111)

ECO 495 Topics
Lectures, discussions, meetings with members of the staff or visiting faculty regarding research methodology and current national and international economic problems and policies.

Internships and Independent Study Courses

ECO 199 Internship
(P/N Grading only.)

ECO 299 Directed Study

ECO 399 Internship
(Prereq.: 50% of the major or consent of instructor. P/N grading only.)

ECO 499 Independent Study/Research