ECONOMICS (EC)
EC 101. Economic Problems and Policies.
An introduction to the domestic and international economic problems facing the United States today and an analysis of the policies designed to alleviate these problems. (University Studies course) (3)
EC 201. Selected Topics in Economics.
Important, current or specific economic topics which may confront the individual personally or as a member of society. May be repeated up to three times. (1)
EC 215. Principles of Microeconomics.
U.S. market economic system. Demand, supply, competition, pricing, resource allocation concepts applied to issues in business, labor, and public policy. Prerequisites: AD 101 or IE 102; MA 134 or equivalent. (University Studies course) (3)
EC 225. Principles of Macroeconomics.
Economic concepts, institutions, theories and policies including study of national income, inflation, unemployment, banking system, money, growth and international economics. Prerequisites: EC 215 or AG 245. (3)
EC 235. Free Market Economics.
Alternative methodology to conventional economics, praxeology, which stresses the deductive approach. Frequently referred to as the Austrian School. (3)
EC 335. Monetary Economics.
Analysis of money's role in the U.S. economy. Emphasis on the Federal Reserve system and monetary policy. Prerequisite: EC 225. (3)
EC 340. Economics of Growth and Development.
Characteristics and problems of less developed countries. Criteria of growth and development with emphasis on strategies for development. Obstacles to economic growth and policies for promoting growth. Prerequisite: EC 225. (3)
EC 344. (Cross-listed as EV 344) Environmental Economics.
Application of economic theory to problems faced by environmental managers and policy makers. Prerequisites: MA 134; EC 101 or EC 215. (3)
EC 350. Development of Economic Thought.
The evolution of economic thinking from ancient Greece to modern times. Examination of the interaction between underlying social and cultural conditions and economic thinking. Prerequisite: EC 101 or EC 215. (3)
EC 351. Applied Economic Models.
Introduction to the process of data collection, model construction, hypothesis testing and prediction used by economists and social scientists. Prerequisites: MA 134; EC 101, EC 215, or EC 225; any college-level statistics course. (3)
EC 380. Labor Economics.
The determination of wages, employment and the quantity and quality of work is examined. Prerequisite: EC 225. (3)
EC 381-383. Economics Internship.
Internship with a public agency or private business firm with approval of the Chair, Economics Dept. The field work will provide first hand experience in the operations of organizations, institutions and firms. Prerequisites: 75 hours of college credit with fifteen hours in economics, including EC 215 and EC 225; a GPA of 2.5 overall; 3.0 GPA in economic courses; recommendation by the department chairperson or designee. (1-3)
EC 387-389. Independent Study in Economics.
Directed individual study of special interest areas in economics. Prerequisites: Approval of department chairperson; a minimum of 75 semester hours completed; a minimum of 10 semester hours in economics; a minimum overall 2.5 grade point average or a minimum 2.75 grade point average in economics.
(1-3)
EC 410. Macroeconomic Theory.
Analysis of an economy's overall level of output, employment and prices. Several schools of thought are considered. Prerequisite: EC 225. (3)
EC 420. Microeconomic Theory.
Leading theories of value and distribution with an analysis of price and output determination for firms and industries under various market conditions. Prerequisite: EC 225. (3)
EC 425. Industrial Organization.
The study of market structures in the U.S. economy. Applies microeconomic theory to industry studies, including elements of structure, conduct and performance. Prerequisite: EC 215. (3)
EC 440. Regional Economic Growth & Development.
An examination of the economic forces influencing the performance of urban and regional areas, with a discussion of contemporary urban and regional economic problems. Prerequisite: EC 225. (3)
EC 470. Public Sector Economics.
The financing of national, state and local governments. Prerequisite: EC 225. (3)
EC 490. Business Forecasting.
Introduction to the various econometric forecasting techniques available to deal with economic and business prediction. Prerequisites EC 225; introductory statistics. (3)
EC 498. Economics Seminar.
Assigned readings and a paper designed around a specific economic issue. Intended to integrate economic analysis and reasoning from both macro and microeconomic perspectives. Co-requisites/Pre-requisites: EC 410; EC 420. (1)
EC 525. Public Policy Economics.
Economic analysis of the functions of government in a market economy. Prerequisite: EC 225. (3)
EC 561. Managerial Economics.
Application of microeconomic theory to the practical problems faced by decision makers in business environment. Prerequisites: EC 215. (3)
EC 580. International Economics.
Development and maintenance of trade between nations; trade policies, exchange rate determination, financial activities involved. Prerequisites: Minimum grade of 'C' in EC 215, EC 225 and MA 134; senior standing. (3)
See University Studies (UI) listings for description of:
UI 322. International Political Economy
(3)
UI 349. Comparative Economic Systems
. (3)
UI 366. Law and Economics.
(3)
UI 371. Government and Business.
(3)
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