Courses in Economics

ECO 1050: Foundations of Economics (3)
A single-semester, non-mathematical introduction to economics that satisfies three hours of the 9-hour social science requirement in the General Education Core of the College. Topics include fundamental concepts of economics; principles of free enterprise and capitalism; prices in a market economy; the market model of supply and demand; the distribution of income in the United States; the circular flow of income and expenditures; macroeconomic policy goals; fiscal and monetary policy; and the role of government in the economy.

ECO 2050: Microeconomic Principles (3)

Prerequisite: Grade of “C” or better in MTH 1010

An introduction to microeconomic theory. Topics include fundamental concepts of economics; prices in a market economy; the market model of supply and demand; comparative advantage and exchange; competition, prices, and supply decisions; the distribution of income through profits, interest, rents, and wages; and government’s role in the economy.


ECO 2060: Macroeconomic Principles (3)

Prerequisite: ECO 2050 and a grade of C or better in MTH 1010

An introduction to macroeconomic theory. Topics include the circular flow of income and expenditures; aggregate supply and demand; economic stability, growth, and recession; supply and demand for money; fiscal and monetary policy; and demand- and supply-side views of the economy.


ECO 2240: Quantitative Methods I (3)

Prerequisite: MTH 1010

An introduction to mathematical tools used in business, accounting, and economics to analyze theoretical and applied problems. Topics include 1) Review of number theory; 2) Laws of exponents; 3) Time value of money, theory and extensive applications; 4) Solutions to linear simultaneous equations with emphasis on two linear equations; graphical solutions and shifting of straight lines in 2-space; 5) Analytic geometry; e.g., Cartesian coordinates, mathematics of straight lines, mathematics of quadratic equations and representation in 2-space; concepts of slope and rates of change, and delta notation.


ECO 2250: Quantitative Methods II (3)

Prerequisite: MTH 1010; corequisite: BUS 2110

An introduction to applied quantitative methods used in accounting, business, and economics. Topics include descriptive statistics; elementary probability theory; probability and the normal distribution; elementary sampling theory and sample design; point and interval parameter estimation; using z and t distributions; the sampling distribution of the mean; hypothesis testing; and one-way ANOVA. Students use MS Excel to complete numerous problems with specific applications in accounting, business, and economics.


ECO 2550: Basic Economics and Financial Concepts (3)

This course is for students interested in economic education at the K-12 level. All course topics will help prepare students for future classroom dealings with economics and other issues. Includes lessons on basic economics and finance as well as many planned activities. Some of the topics include economic terms such as opportunity cost and inflation, entrepreneurship, stock market and the U.S. economy.


ECO 2950, 2960: Special Topics (1-3, 1-3)


ECO 3050: Intermediate Microeconomics (3)

Prerequisite: ECO 2050 and a grade of C or better in MTH 1010

A study of microeconomic theory. Topics include utility and consumer demand theory; cost andproduction theory; markets, competition, and price searching; and the supply and demand for labor and capital.


ECO 3060: Intermediate Macroeconomics (3)

Prerequisite: ECO 206 and a grade of C or better in MTH 1010

A study of macroeconomic theory. Topics include national income accounting; the IS-LM model; models of aggregate supply and demand; inflation; macroeconomic policy debates; models of consumption, investment, money, and labor with implications for macro models.

 

ECO 3110: Economics of the Public Sector (3)

Prerequisite: ECO 1050 or ECO 2050

A study of the role of government in the U.S. economy. Topics include externalities and market failure; public goods and collective choice; federal expenditures and tax policy; entitlement programs; and regulatory activities.


ECO 3120: International Trade and Policy Issues (3)

Prerequisite: ECO 2050

An introduction to the economic theories of international trade. Topics include comparative advantage and gains from trade, patterns of international trade in goods and services, and economic analysis of policies that affect the nature and volume of international trade, such as tariffs, quotas, and preferential subsidies.


ECO 3140/BUS 3140: International Business (3)

An overview of international business with a focus on global business using international trade theory and concepts. Topics include global business today, factors affecting global business, international monetary systems and financial markets, and multinational corporations. This course also explores gains from trade and patterns of international trade using economic analysis.


ECO 3170: Environmental Economics (3)

Prerequisite: ECO 1050

A study of the theory of economic externalities and the environment. Topics include the economics of energy, common property resources, population growth, global climate change, sustainable economic development, and cost-benefit analysis. The course explores the use of policy instruments such as Pigovian taxes, cap & trade, distribution of property rights, and the Coase Theorem to achieve optimal environmental policy goals. 


ECO 3250: Economics of Development and Growth (3)

Prerequisite: ECO 2050 and ECO 2060

A study of economic theories of economic development and growth. Topics include economics of developing countries and theories of regional growth within developed countries in the context of the U.S. and world experience.


ECO 3870, 3880: Cooperative Education Project (1-6, 1-6)

Students can obtain information from the Department Chair. Cannot count as part of the restricted upperdivision electives.


ECO 3950, 3960: Special Topics (1-3, 1-3)


ECO 4100: History of Economic Thought (3)

Prerequisite: ECO 2050 and ECO 2060

A survey of the evolution of economic thought and theory. The course traces the development of economic thinking from ancient times to the present, highlighting people who made important contributions, their lives, and the social context that shaped their economic ideas.


ECO 4110: Public Finance (3)

Prerequisite: ECO 1050 or ECO 2050

A study of the economic consequences of alternative expenditure and financing schemes for government. Topics include principles of federal, state, and local government finance; taxation and efficiency; taxation and income distribution; alternatives to taxation; and alternative tax bases.

 

ECO 4160: Econometrics (3)

Prerequisite: ECO 2050, ECO 2060, ECO 2250,

 

An introduction to creating and using quantitative economic models. Topics include creating mathematical representations of economic behavior and principles of model building. Students will discuss principles of econometrics, practice the use of econometric techniques, and build and describe an econometric model of their own design.


ECO 4870, 4880: Cooperative Education Project II (1-6, 1-6)

Students can obtain information from the Department Chair.


ECO 4950, 4960: Special Topics (1-3, 1-3)


ECO 4970: Individual Research (1-3)