ECO-ECONOMICS
 

ECO 2013         Principles of Economics Macro          3

Introduction to economics with emphasis on the study of aggregate economic activity, national income, price level determination, and economic growth and development. (General Studies Course: SS/SOC)

ECO 2023         Principles of Economics Micro           3

Prerequisite: ECO 2013.

Introduction to economics with an emphasis on the determination of prices in the market economy and their role in allocating commodities and economic resources to various users. Study of market structure and efficiency.

ECO 3003         Principles of Economic Theory and Public Policy             3

Survey and analysis of contemporary economic theory and public policy. Available to non-business majors only.

ECO 3101         Intermediate Microeconomics        3

Prerequisite: ECO 2013 and ECO 2023 or ECO 3003.

Economic activity of individual economic units as consumers, resource owners and business firms. Analysis of consumer motivation as the basis of demand theory. Study of how business firms determine what to produce, how to produce at least cost, how to maximize profits, and how to distribute products. Monopoly, oligopoly, imperfect competition, and the different market conditions for resources are studied to present how the optimum use of each resource is determined by the firm.

ECO 3203         Intermediate Macroeconomics          3

Prerequisite: ECO 2013 and ECO 2023 or ECO 3003.

National income accounts. Aggregate supply and demand functions. Savings and consumption functions. The multiplier, the accelerator, marginal efficiency of capital, and determinants of interest rate. Problems of growth and full employment.

ECO 3223         Money and Banking        3

Prerequisite: ECO 2013 and ECO 2023.

Monetary and financial systems of the United States; organization and function of financial institutions including the Federal Reserve System; problems of money, prices, interest, credit, national income, and employment; international finance; recent monetary and financial trends.

ECO 3949         Cooperative Education         1-2

Alternating full-time or consecutive parallel terms of practical experience in the intended field. Reinforcing academic preparation; confirming educational and career goals; personal and professional development; early start in career; earnings toward self-support; improved employability. (See program description under Cooperative Education). Graded on satisfactory/unsatisfactory basis only. Permission of the director of Cooperative Education is required.

ECO 4401         Introduction to Mathematical Economics       3

Prerequisite: ECO 2023 and MAC 2311.

Links basic mathematical tools with topics in economics. It provides illustrations of the use of those tools in analyzing practical problems faced by households and firms in making economic decisions.

ECO 4431         Business and Economic Forecasting         3

Prerequisite: STA 2023, ECO 2013 and ECO 2023 or ECO 3003.

Provides the student with alternative forecasting techniques with applications to processes that occur in business and economics. Students will learn what are the typical forecasting problems in business and economics, what are the tools that can be used for forecasting purposes, how these tools are used in practice (the mechanics), and how they are applied to particular business and economic problems (the application). Concentrates on conditional forecasts using econometric methods and time series models including smoothing methods and Box-Jenkins ARIMA models.

ECO 4704         International Trade and Commercial Policy          3

Prerequisite: ECO 2013 and ECO 2023 or ECO 3003.

Reason for trade. Analysis of U.S. exports and imports. Commercial policy, foreign investments, and changing trends in world trade. Financing and management of business ventures overseas.

ECO 4941         Economics Internship    1-6

Prerequisite: ECO 2013 and ECO 2023.

Supervised field practicum in economics related position. May include activities in one or more functional areas of economics (research, forecasting, business cycles, money & banking, labor, etc.). Graded on satisfactory/unsatisfactory basis only. A 3.0 GPA in major course(s) and permission is required.

ECO 4949         Cooperative Education           0

Alternating full-time or consecutive parallel terms of practical experience in the intended field. Reinforcing academic preparation; confirming educational and career goals; personal and professional development; early start in career; earnings toward self-support; improved employability. (See program description under Cooperative Education). Graded on a satisfactory/unsatisfactory basis only. Master level student and permission of the director of Cooperative Education is required.