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Economics and
Business
Assistant Professor
Bell, Chair
Professors Martin, Moyer
and Saboori
Associate Professor Lever
Assistant Professor Wilder
Professor Emeritus Schwartz
Instructor Schott
Students selecting this concentration are required
to complete a core requirement of ACC101; ECO105 (satisfies general
studies social science requirement), 201, 207, 307, 335, 336, 492;
and MAT105 or 107 (satisfies general studies quantitative reasoning
requirement) and an economic fields requirement of five additional
economics courses above the 100-level.
Combined concentration.
Students combining economics with another area
of concentration (other than business administration) are required
to complete ECO105 (satisfies general studies social science requirement),
201, 207, 307, 335, 336, 492; MAT105 or 107 (satisfies general studies
quantitative reasoning requirement); and one additional economics
course above the 100-level. Students considering combining economics
and business administration should consult the department chair
for the required courses.
Elementary teacher certification
Economics/elementary education concentrators complete
the combined concentration requirements and the specific courses
required by the Education department.
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Economics
(A.B.) Courses
ECO
105 |
Principles of
Economics
An introduction to the methodology of economics and basic
principles of microeconomics and macroeconomics. The primary
objective of this course is to provide a foundation for further
study in economics. It also serves as an introduction to basic
economics as a social science. |
ECO
201 |
History of Economic
Ideas
A survey of the major schools of economic thought from the
17th century to the present. Mercantilist, Physiocratic, Classical,
Marxist, Neoclassical, Keynesian, Neo-Marxist, and Modern conventional
economic theories will be examined. |
ECO
207 |
Statistical Analysis for Economics and Business
Introduction to the concepts, theories, and methods of statistical
problem-solving in business and economics. Topics covered
include frequency distributions, descriptive statistics, elementary
probability and sampling theory, probability distributions,
elementary hypothesis testing, analysis of variance, correlation,
and regression. Satisfies general studies quantitative reasoning
requirement.
Prerequisite: Sophomore standing.
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ECO
223 |
Law and Economics
The economic analysis of law brings together two fields
of study and facilitates a greater understanding of both. Economics
provides a theory of behavior useful for understanding the effects
of the law as well as a normative standard for evaluating the
law. Topics covered include property, contracts, tort liability,
and the economics of crime and punishment. |
ECO
224 |
Environmental
Economics
The application of economic principles to a variety of environmental
problems. Attention is given to the economics of resource depletion,
waste disposal, population growth, and economic growth. |
ECO
233 |
Comparative Economics
An important aspect of the trend toward the globalization
of markets is that economic decisions and their outcomes are
becoming increasingly intertwined and interdependent. This
growing interdependence requires knowledge of the rules and
institutional mechanisms by and with which other economies
operate. Such knowledge has become a crucial economic resource,
the use of which economic policymakers, industrial leaders,
and individual firm managers can no longer do without. This
course examines the various approaches and methods used to
solve economic problems in a number of societies, both past
and current, with a special emphasis on today’s key European
and Asian economies. It analyzes the principles and institutions
by which these economies have sought to improve their objectives
of better resource allocation, technological progress, income
distribution, and growth.
Prerequisite: ECO 105.
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ECO
234 |
Economic Development
This course deals with economic development problems in
the third world among the less-developed countries. Topics
will include characteristics of underdevelopment, theories
of development, poverty and population pressures, international
trade, third world debt, and foreign aid.
Prerequisite: ECO 105.
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ECO
301 |
International Economics and Finance
A study of international economics and finance. Topics
covered include a survey of the major theories of international
trade, foreign exchange systems and markets, international
money and capital markets, and international banking. Special
attention will be paid to these topics as the framework within
which the financial managers of multinational corporations
operate.
Prerequisite: ECO 105.
|
ECO
307 |
Econometrics
A study of the applications of mathematical and statistical
techniques to the analysis of economic data, with special
emphasis on economic and business forecasting. Topics covered
include simple regression, multiple regression, simultaneous
equations models, models of expectations, model selection
criteria, and time series analysis.
Prerequisites: ECO 105, ECO 207.
|
ECO
313 |
Money and Banking
Study of depository banking institutions, financial markets,
and the Federal Reserve System. The supply of and demand for
liquidity is examined in both microeconomic and macroeconomic
aspects. Alternative rules for the conduct of monetary policy
are evaluated.
Prerequisite: ECO 105.
|
ECO
322 |
Labor Economics
A study of the labor process, labor markets, and labor
relations in a global economy. An examination of labor problems
from the viewpoint of the employee, the employer, and the
public, with special emphasis on rapidly changing labor market
configurations for the 21st century.
Prerequisite: ECO 105.
|
ECO
335 |
Intermediate Microeconomic Analysis
A study of the principles of demand, production, and pricing
of commodities, productive series, and productive resources
in various industries and market situations.
Prerequisite: ECO 105.
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ECO
336 |
Intermediate Macroeconomic Analysis
An examination of the modern history of determination of the
level and rate of growth of income, employment, output, and
general price level. Alternative fiscal and monetary policies
to facilitate full employment and stable economic growth.
Prerequisite: ECO 105.
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ECO
337 |
Public Finance
A study of the economic basis of government activities
and the consequences of alternative government expenditures,
regulations, and finance. The emphasis will be on the microeconomic
functions of government and the way it affects the allocation
of existing resources and distribution of income.
Prerequisite: ECO 105.
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ECO
364 |
Industrial Organization
This course focuses upon the structure, conduct, and performance
of industries and markets. Emphasis on evaluating public policy
towards business and business practices and the relationship
between the structure of markets and the socioeconomic performance
of business enterprises. Lectures, group projects, and case
analysis are utilized.
Prerequisite: ECO 105.
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ECO
492 |
Senior Seminar in Economics
An intensive research course resulting in the submission
of a senior thesis. Advanced topics in economic theory and
policy will be considered throughout the semester.
Prerequisite: Senior status or permission of the instructor.
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