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Economics

EC 199 Special Studies (1-6)
Terms and hours to be arranged. A means by which students may earn lower-division credit for such learning activities as intern programs and writing research reports on small business firms and international conglomerates.

 

EC 200 Introduction to Economic Perspectives (4)
An issues-oriented introduction to economics that covers markets, unemployment, inflation, market power, the environment, crime, discrimination, health care, education, poverty, social security, international trade and economic development. Includes intensive writing.

 

EC 201 Introduction to Microeconomics (4)
Introduction to consumer and producer behavior and the market process. Theories of production, cost and perfectly and imperfectly competitive market structures will be covered as well as the role of the public sector, input markets and contemporary economic issues such as health care and the environment.

 

EC 202 Introduction to Macroeconomics (4)
Introduction to the macroeconomic behavior of the economy. Includes national income accounting, business cycles, growth, recession, inflation, unemployment and monetary-fiscal policies. Current issues in international trade and international finance are covered. Prerequisite: EC 201

 

EC 311 Intermediate Microeconomics (4)
Provides the student with a rigorous grounding in the methods and techniques of modern micro-economic analysis. The course develops the standard neoclassical theories of consumption, exchange and production under the assumption of perfect competition and full information. Situations in which information and markets are imperfect, including price discrimination, monopolistic competition, oligopoly, monopoly and cartels are also covered. Prerequisites: EC 202, MTH 111 and sophomore standing

 

EC 313 Intermediate Macroeconomics (4)
Focuses upon the behavior of the economy as a whole. Emphasizes the forces and interactions that naturally determine the levels of - and changes in the levels of- employment, aggregate output, interest rates and prices in a market economy; policy instruments for manipulating those levels; and policy problems. Prerequisite: EC 201, 202, MTH 111, EC 311, and sophomore standing

 

EC 315 Economic Analysis and Report Writing (4)
Basic methods of economic analysis; data sources, collection and presentation; report writing; projects to develop these skills.

 

EC 318 Money and Banking (4)
In-depth coverage of money, its forms, how it is created by banks and the Treasury, how its supply is regulated by the Federal Reserve System and its vital role in the functioning of the macroeconomy. Prerequisites: EC 201, 202 or consent of instructor

 

EC 319 Public Finance (4)
Economic analysis of revenue collection and expenditure by federal, state and local governments. Deals with the effect of income taxes, corporate taxes, excise taxes, property taxes, fees and other sources of public revenue on personal income, employment and production; incidence and shifting of taxes. Prerequisites: EC 201, 202 or consent of instructor

 

EC 321 Public Choice Theory (4)
Overview of the development in public choice theory. Application of economic tools to traditional problems of political science. Positive analysis of collective decision-making and evaluation of outcomes.

 

EC 333 Economics of Professional Sports (4)
Applies economic analysis to professional sports. Topics include: public financing of arenas and stadiums; the impact of professional sports on local, regional and national economies; labor issues such as free agency, salary caps, discrimination and “superstars”; competitive balance, revenue sharing and market structure. Prerequisites: EC 201, 202 or consent of instructor

 

EC 334 Economics of Collegiate Sports (4)
Applies economic analysis to collegiate sports. Topics include: history and function of the National Collegiate Athletic Association, compensation for collegiate athletes and coaches, academic standards for athletes, corporate sponsorships and the financing of collegiate sports, collegiate sports and the media, gender equity for coaches and athletes, and the impact of Title IX legislation. Prerequisites: EC 201, 202 or consent of instructor

 

EC 360 Industry Studies (4)
An examination of the causes and consequences of market power using a case study approach. The structure-conduct-performance model will be used to explain strategic decisions by firms and regulatory decisions by government. Prerequisites: EC 201, 202

 

EC 395 Managerial Economics (4)
Applies microeconomic concepts to managerial decision-making. Topics include the analysis of: demand, revenue and cost functions, forecasting models and techniques, market structures, pricing, technology, and government regulation. Prerequisite: EC 311

 

EC 396 Game Theory (4)
Introduction to strategic way of thinking and primer on game theory with applications likely to be encountered by business. Topics covered include: the prisoner’s dilemma; dominant and mixed strategies; sequential and simultaneous moves; Nash equilibria; bargaining and collective action; uncertainty and information; threats, promises and negotiated games; and evolution of cooperation. Prerequisite: EC 311

 

EC 399 Special Studies (1-4)
Terms and hours to be arranged.

 

EC 406 Special Individual Studies (1-9)
Terms and hours to be arranged. A specialized or individualized course of study within the economics discipline developed in consultation with the instructor.

 

EC 407 Seminar (1-4)
Terms and hours to be arranged.

 

EC 409 Practicum (3-12)
Practical application of economic theory and/or collection of data for theoretical interpretation.

 

EC 417 Development Economics (4)
Focuses upon the prospects and problems facing more than 100 poverty-stricken countries in Latin America, Africa and Asia that are striving to attain standards of living approaching those of countries in Europe and North America.

 

EC 432 Urban Economics (4)
Economic analysis of spatially oriented problems, with emphasis on the problems and techniques related to the understanding of economic base and the comparative economic growth of regions. Prerequisites: EC 201, 202 or consent of instructor

 

EC 436 Environmental Economics and Public Policy (4)
An economic study of environmental problems with special reference to social welfare and economic efficiency criteria in evaluating the alternative uses of natural resources. Prerequisites: EC 201, 202 or consent of instructor

 

EC 440 International Trade (4)
Analyzes the causes and consequences of international trade. Topics covered include: the theory of comparative advantage, models of international trade under perfect and imperfect competition, strategic trade policy, the impact of trade on welfare, protectionism, trade and the environment, the role of trade in developing countries, the effects of free trade agreements and the role of multinational institutions in facilitating trade. Prerequisites: EC 201, 202 or consent of instructor

 

EC 441 International Monetary Economics (4)
Examines the macroeconomic linkages between countries. Topics include: institutions of flexible and fixed exchange rates, the balance of payments, the choice of an exchange rate regime, international money markets, currency crises, international policy coordination, and international debt and direct investment. Prerequisites: EC 201, 202 or consent of instructor

 

EC 444 Labor Economics (4)
This course applies microeconomic theory to understand the behavior of labor market dynamics in the U.S. and in other industrialized countries. Topics include: the demand and supply of labor, human capital, compensation and risk differentials, minimum wage/living wage legislation, unemployment, collective bargaining and unions and discrimination. Prerequisites: EC 201, EC 202

 

EC 445 Industrial Relations (4)
Theories of the labor movement plus history, aims, methods and policies of trade unions. The mechanics and functioning of collective bargaining will be explored. Prerequisites: EC 201, EC 202 or consent of instructor

 

EC 450 Comparative Economic Systems (4)
Theory, practice and reform of economic systems other than capitalism. Emphasizes socialist economies, the economies of the former Soviet Union, East Central Europe and China. Examines the origins of the socialist economy, how it is supposed to work, how it actually works and how it can and cannot be reformed. Prerequisites: EC 201, EC 202 or consent of instructor

 

EC 451 Economic Systems in Transition (4)
Focuses on economies in transition, primarily the post-socialist economies in East Central Europe, the former Soviet Union and China. Topics covered include: privatization and enterprise restructuring, labor markets and social insurance policies, household welfare, public finance, trade policy and regional integration, crime and corruption, entrepreneurship, environmental degradation and macroeconomic issues. Prerequisites: EC 201, EC 202 and EC 450

 

EC 460 Industrial Organization (4)
This course will examine the relationship between market structure, the conduct of individual firms, and industry performance in the presence and absence of government regulation. Competitive, oligopolistic and monopolistic market structures will be analyzed for their effects on the pricing, marketing and investment behavior of representative firms. The course also studies the relationship between government and business through interactions such as regulatory and antitrust policy. Prerequisites: EC 201, EC 202 and EC 311

 

EC 470 History of Economic Thought (4)
Traces the development of economic thought from ancient times to the present. Contributions of individual writers and schools of thought are examined in their historical settings and as they influenced economic thought and policy. Major contributions to economic thought in the 20th century are examined in greater detail.

 

EC 480 Mathematical Economics (4)
A review of relevant mathematical tools currently utilized in the economics profession and the application of these tools to economic issues utilizing problem-solving procedures. Prerequisites: EC 201, EC 202, and MTH 111 or consent of instructor

 

EC 495 Econometrics (4)
Use of statistical methods to estimate and test economic models. Theory and application of multiple regression techniques, with an emphasis on the problems arising in the analysis of economic data. Prerequisite: EC 311

 

 

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