2016-17 Catalog

Economics

Courses

ECON 1301. Introduction To Economics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

In this course students are encouraged to use their common sense to understand economic principles and applications. Topics include scarcity, markets, economic goals, government policy, and international trade. This course is designed for students majoring in fields other than business or economics and for students who need a basic review prior to taking ECON 2301 or 2302. Course cannot be counted toward a degree in economics.

ECON 2301. Principles of Macroeconomics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course focuses on the aggregate or overall economy. Topics include the description and measurement of economic aggregates; the basic theories of output, employment and prices; the monetary economy and the role of government.

ECON 2302. Principles of Microeconomics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

The major emphasis of this course is on the understanding of markets. Topics include an in-depth study of supply and demand, cost theory, economic resource markets, international trade, and the determination of foreign exchange rates. Prerequisite: ECON 2301 or instructor's approval.

ECON 3301. Intermediate Macroeconics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course extends the study of the aggregate economy introduced in Economics 2301 with emphasis on theory. Topics include the Classical and Keynesian systems, general equilibrium theories, economic growth, and public policy in a global setting. Prerequisite: ECON 2301.

ECON 3302. Intermediate Microeconomics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course represents a more advanced study of microeconomic theory than is possible in Economics 2023. Topics include consumer behavior, production and cost theory, market structure, and factor markets. Prerequisite: ECON 2302.

ECON 3303. Money And Banking. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours). [WI]

A study of the structure and functions of financial markets and financial intermediaries; the behavior and pattern of interest rates; the basic concepts of commercial bank management; the nature of money and the role of the Federal Reserve in its creation; the basic structure of the economy and the impact of monetary actions on this structure. Prerequisite: ECON 2301.

ECON 3304. Environmental Economics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

The study of the economics of the natural environment. Economic tools and issues such as social cost, externalities, cost-benefit analysis, property rights, and state and federal environmental policies will be examined with emphasis on problems associated with water pollution, waste disposal, and society's burden of social costs. Prerequisite: 3 hours ECON or AGRI/AGEC 2317.

ECON 3305. Economics of Financial Markets. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of the aggregate financial system and capital markets and the impact these have on financial intermediaries. Topics to be covered are: flow of funds analysis, interest rate theory, role of financial intermediaries, and management of financial assets. Credit for both FINC 3304 and ECON 3305 will not be awarded. Prerequisites: FINC 3301, ECON 3303.

ECON 3306. Political Economy. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of the historical, philosophical, and theoretical relationships between the state and the economy. Credit for both POLS 3306 and ECON 3306 will not be awarded. Prerequisite: 3 hours of ECON and 6 hours of POLS or instructor's approval.

ECON 4084. Internship. 1-6 Credit Hours (Lecture: 0 Hours, Lab: 1-20 Hours).

Preapproved and supervised work experience in a Economics related position with a public or private business organization. May be repeated for a total of 6 hours credit. Prerequisite: Junior classification and approval of department head.

ECON 4086. Problems. 1-3 Credit Hours (Lecture: 0 Hours, Lab: 1-3 Hours).

Independent reading, research and discussion. Entry into this course will be arranged with the Economics counselor. Prerequisites: Senior classification and approval of department head.

ECON 4090. Special Topics in Economics. 1-3 Credit Hours (Lecture: 1-3 Hours, Lab: 1-3 Hours).

An examination of current topics in economics. Readings required from current economics publications and other related periodicals. May be repeated for credit when topics vary. Prerequisite: 9 hours of ECON.

ECON 4301. International Economics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An introduction to international economic theory and policy, the foundations of modern trade theory and its extensions, welfare effects of tariffs and non-tariff barriers, commercial policies of the United States, trade policies of developing countries, multinationals, balance of payments, and foreign exchange markets. Credit for both ECON 4301 and AGEC 4302 will not be awarded. Prerequisite: 3 hours ECON or AGEC 105.

ECON 4302. Ecoconmic Development Of the United States. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A survey of the economic development of the United States from colonial times to the present. Credit for both ECON 4302 and HIST 4302 will not be awarded. Prerequisites: ECON 1301 or 2301 and 6 hours HIST.

ECON 4311. Econometrics and Forecasting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Econometrics is the science of using statistics to estimate economic relationships, test economic theories, and evaluate the impacts of government and business policies. Econometrics is also used to forecast or predict how macroeconomics variables, stock prices, and other time-varying economic indicators behave. It is used not only in economics, but in fields as diverse as finance, marketing, political science, sociology, biology, and even comparative literature. Prerequisites: ECON 2310, ECON 2302, and one of the following: BUSI 3311, AGEC 3317, or MATH 1342.

ECON 4365. Intermediate Economics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Seminar discussion of the American free enterprise system, the nation¿s economy and its strengths and weaknesses; critical examination of professional journals, articles, books and reports by the government and private sources, designed to enable the student to coordinate and apply the analytical knowledge acquired during the period of study. Prerequisites: Macroeconomics and microeconomics, college algebra, or permission to enroll.

ECON 4385. Seminar in Economics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of selected topics dealing with problems or unique needs of Economics. May be repeated for credit as topics vary. Prerequisite: Approval from department head.

ECON 5086. Problems. 1-3 Credit Hours (Lecture: 0 Hours, Lab: 2-6 Hours).

This course offers students the opportunity to become acquainted with current research being conducted within the student's area of interest; directed reading of a number of sources selected in concert by the student's professor. Prerequisite: Approval of department head.

ECON 5308. Managerial Economics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Applies economic theory and methodology to business and administrative decision-making. The tools of economic analysis are demonstrated and their use in formulating business policies is explained. Topics include concepts of profits, production and cost functions, demand theory, competitive pricing policies, and business criteria for investment output and marketing decisions. Prerequisite: Approval of MBA Director. Credit for both FINC 5308 and ECON 5308 will not be awarded.

ECON 5320. Health Care Economics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Health Care Economics offers an analysis and evaluation of classical and modern economic theory, principles and procedures applicable to the health care delivery system and their implications for public policy. Prerequisites: None - Some background in accounting, economics and finance is helpful.

ECON 5359. Economic Applications and Issues. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Seminar examination of the application of economic theory in the firm (micro) and in the overall economy (macro); in-depth research and analysis of current economic issues through critical examination of the professional literature and the current environment of business government. Prerequisite: ECON 4365 Intermediate Economics or Micro and Macroeconomics.

ECON 5364. Seminar On Global Commerce. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Focuses on global competitive challenges facing business management teams. Students will evaluate how companies have strategically entered and developed international markets and managed global diversification. Students will learn to analyze international market potential, assess business risks and become familiar with institutions and national policies directing international trade. Prerequisite: ECON 4365 Intermediate Economics or Micro and Macroeconomics.