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Economics
Economics involves the study of individual decision
making and activities associated with consumption, production, and
the use of scarce resources. Economics interacts with almost all
other academic subjects and has a major effect on politics and the
operation of government. Economics provides excellent preparation
for many graduate and professional programs, provides rigorous academic
support for study in other disciplines such as business, history,
mathematics, political science, geography, and sociology, thereby
providing excellent career opportunities in law, business, government
service, and international fields.
Economic majors understand the impact of economic
ideas on their personal lives, world leaders and society in general
because they study models with predictive power. Economic majors
develop a global outlook, a keen understanding of international
events and an appreciation for how the affairs of all countries
are intertwined. Economic majors develop strong analytical powers
of reasoning which represents "a way of thinking critically"
about personal, social and business matters. Such skills provide
a superior basis for making good personal decisions as well as opportunities
for rewarding jobs and career in business and government. Much of
what business and political decision makers do is explained by economic
theory and has significant economic consequences for society.
Students may earn a BA, BS in Economics or BBA in
Business Economics. Students may also minor in economics.
Economics Courses
| Course |
Credit Hours
|
Prerequisite |
Description |
Normally Scheduled to
be taught* |
| ECON 203 Introduction to Microeconomics |
3 |
Freshmen
are allowed to take Economics 203 if they have a minimum SAT score of 800
and a projected GPA of 2.0. |
Introduction
to the role of individuals in economic decision-making, the determination
of relative prices and output, and problems associated with resource
allocation, monopoly, government regulation, and international trade. |
F,
S, SU |
| ECON
204 Introduction to Macroeconomics |
3 |
ECON
203 |
Introduction
to the theory of a free enterprise economy, income determination, employment price level, and the role of monetary and fiscal policy. Other
topics covered are banking, economic development, and governmental
finance.
|
F,
S, SU |
| ECON
205 Statistical Methods for Economics and Business |
3 |
Mathematics
140 |
Covers basic
statistical concepts and methodology including probability theorywith
emphasis on the nominal and binomial distributions, confidence intervals
,tests of hypotheses, and simple linear regression analysis. Use of
computer soft ware to solve problems. |
F,
S, SU |
| ECON
250 Introduction to the Basic Principles of Economics |
3 |
Education
299. Credit may not be applied to any degree offered by the
School of Business. Credit toward graduation may not be earned in both
Economics 203-204 and Economics 250.
|
Study of
microeconomics and macroeconomics within the context of the market
economy. Examination of economic problems associated with monopoly,
poverty, pollution, unemployment, and inflation. Other topics are
government, international trade, money, and banking. |
As
Needed |
| ECON
300 Economic History of the United States (Same as History 300) |
3 |
|
Development
of business attitudes, institutions, organizations, and technology from
the world of the colonial entrepreneur through stages of specialization
and integration to the establishment of our modem industrial economy |
S |
| ECON
310 Intermediate Microeconomic Theory |
3 |
ECON
203 |
Study of
principles that explain the behavior of individual consumers, firms, and
industries. A special attempt is made to apply these principles to
business problems and to government policy |
F,
SU |
| ECON
320 Intermediate Macroeconomic Theory |
3 |
ECON
204 |
Study of the
determinants of price, national income, and employment levels with special
emphasis on the use of monetary and fiscal policy in achieving a stable,
full employment economy.
|
F,
SU |
| ECON
321 Money and Banking |
3 |
ECON
204 |
Study of the
role of the banking system in the American economy and as a determinant of
the level of economic activity. |
S,
SU |
| ECON
323 Urban and Regional Economics |
3 |
ECON
203 |
Study of the
growth and development of urban and rural areas of the United States.
Topics include: industrial, agricultural, and business location; labor
migration; urbanization; benefit-cost analysis; and regional objectives
and policies |
SU |
| ECON 325 International Economics |
|
ECON
203 |
Study of the
bases for trade between countries. In addition, its mechanisms and
problems are considered along with the practical aspects of international
marketing and banking. |
S |
| ECON
326 Government and Business |
3 |
ECON
310 |
Study of the
activities of government at the federal, state, and local levels in the
control and regulation of private enterprise. Specific topics include
industrial structure; efforts that enforce and impede competition, protect
the environment, and stimulate business; and the regulation of certain
businesses and public utilities |
S |
| ECON
340 Environmental and Natural Resources Economics |
3 |
ECON
203 |
Examines the
relationship between the market system and natural resources. Topics
include: economic appraisal of energy policy; resource depletion; economic
role of fisheries; pollution control of air, land, and water, regional and
global air pollutants; and capital theory. |
F |
| ECON 400 Public Finance |
3 |
ECON
203 |
Study of
local, state, and federal government taxation and expenditures. Examines
mines mechanisms that provide public goods and services and effects of
govern mental policies on economic activity and on individual
decision-making. |
S |
| ECON
405 Development of Economic Thought |
3 |
ECON
203, ECON 204 |
Traces the
development of the analytical tools and concepts which comprise the body
of economic theory with particular emphasis on classical and neo-classical
analysis |
F |
| ECON
410 Labor Economics |
3 |
ECON
310 |
Examines the
nature of the labor market and problems dealing with labor groups. Topics
include history of the labor movement, union structures, labor law, and
collective bargaining. |
F |
| ECON
450 Senior Seminar in Economics |
3 |
ECON
310, 320 |
This course
is designed for seniors majoring in Economics and will focus on selected
economic issues. Emphasis will be placed on reading, discussion, debate,
and preparation of reports and papers on the topics chosen. |
|
| ECON 497 Special Studies |
3,
2, OR 1 |
Permission
of School |
All
individual research projects are reviewed by three faculty members from
two different disciplines |
As
needed |
* F: Fall, S:Spring, SU:Summer. This is subject to change. Check with your advisor for current course offerings.
Minor in Economics
A minor in Economics requires 18 semester hours
and must include Economics 203, 204, 310 and 320 (12 semester hours).
Choose from the following courses the remaining
6 hours in Economics courses to fulfill a minor in economics: Economics
205, Economics 323, Economics 300, Economics 324, Economics 301,
Economics 325, Economics 310, Economics 326, Economics 311, Economics
340, Economics 321, Economics 400.
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