ECONOMICS (ECON)
ECON 101 - MARKET FUNDAMENTALS
Prerequisite: None
This course will engage students in the economic way of thinking by taking an in-depth look at market fundamentals. Why, how, and who uses markets and what do we do when they fail? Students will be introduced to the economist's view of the world through extensive discussion, analysis, and writing. Does not count toward an economic major or minor. Meets Core credit for social science.
Credit: 3
ECON 232 - PRINCIPLES OF MICROECONOMICS
Prerequisite: None
Analysis of the pricing processes in a private enterprise economy under varying competitive conditions, their role in the allocation of resources and the functional distribution of national income. Special emphasis is given to theoretical analysis as applied to business problems. Meets Core credit for social sciences.
Credit: 3
ECON 233 - PRINCIPLES OF MACROECONOMICS
Prerequisite: None
An examination of the determinants of national income, employment and the price level in the private enterprise system, including analysis of consumption and saving, private investment, government fiscal policy, business fluctuations, and the interaction between money and national income. International economic relations are also emphasized. Meets Core credit for social sciences.
Credit: 3
ECON 301 - GAME THEORY
Prerequisite: Core math/logic requirement
Techniques using classical game theory, auction design, controlled human- subject experiments, evolutionary game theory, and agent-based computer models are used to understand and solve situations involving potential conflict and cooperation such as military strategies, the auction of FCC licenses, the Middle East conflict, and the rise of resistant strains of bacteria in hospitals. While game theory is demanding in terms of reasoning ability, the focus of the class will be qualitative rather than quantitative analysis. Meets Core credit for social sciences.
Credit: 3
ECON 321 - PUBLIC FINANCE
Prerequisite: ECON 232
The economic theories of taxation and government finance as demonstrated at federal, state and local government levels. The interrelation of public finance and economic stability and growth is explored to discover the basis and objectives of financial policy.
Credit: 3
ECON 331 - COMPARATIVE ECONOMICS
Prerequisite: ECON 232 or ECON 233
In today's world economy, countries around the globe have fashioned their own versions of economic system compatible with their culture and social values. This course will focus on why and how this has occurred, through the investigation and critique of various countries' economic systems from a cultural point of view. Special emphasis will be given to the understanding of selected countries (including Germany, Japan, France, Sweden, Brazil, Russia, China, and India) and cultures and prevailing economic policies and institutions. Meets Core credit for social science.
Credit: 3
ECON 332 - INTERMEDIATE MICROECONOMICS
Prerequisite: ECON 232
A study of the conditions of producer and consumer equilibrium, price of products within the firm and the industry both under perfect and imperfect competition, and price and employment of factors of production.
Credit: 3
ECON 333 - INTERMEDIATE MACROECONOMICS
Prerequisite: ECON 233
Every American deals with and should understand macroeconomics. This course applies powerful tools of economic analysis to answer questions like; Will globalization destroy good jobs in the U.S.? Does free trade make the average American better off? Are today's budget deficits bad for future generations? Will Social Security go bankrupt? What determines how fast the U.S. economy grows? How do the President and the Fed affect the economy? Should the U.S. help developing countries grow faster?
Credit: 3
ECON 334 - MONEY AND BANKING
Prerequisite: ECON 233
The functioning of a private enterprise society is analyzed in terms of money in all of its economic aspects, including its amount, form and flow, and the institutions, public and private, that assist in mobilizing and distributing purchasing power. A historic approach is included to provide a foundation and a perspective.
Credit: 3
ECON 342 - GLOBAL ECONOMICS
Prerequisite: ECON 232 or ECON 233
The theory of international trade, exchange rates, trade barriers, balance of payments disequilibrium, United States commercial and aid policies, regional economic integration and international economic development. Environmental, operational and functional variables in international economics.
Credit: 3
ECON 346 - MANAGERIAL ECONOMICS
Prerequisite: ECON 232
A study of the economics applied to decision making, managerial economics emphasizes the use of economic analysis in clarifying problems, in organizing and evaluating information and in comparing alternative courses of action. The general problem of resource allocation will be dealt with in the context of business enterprises, non-profit organizations and public agencies.
Credit: 3
ECON 348 - BUSINESS ANALYTICS I
Prerequisite: MATH 108
This course teaches the basic skills, applications, and practices necessary for continual exploration and investigation of organizational data. Based on statistical methods, business analytics searches for new insights and understandings of organizational performance. The course presents the logical process of conducting a statistical analytics project. Topic coverage includes descriptive and inferential statistics. Emphasis will be given to written descriptions of analytical results. Students are encouraged to analyze data related to their major.
Credit: 3
ECON 407 - ECONOMICS OF LABOR
Prerequisite: ECON 232
This course is primarily a study of the institute- ionalization of labor as an economic, social and political force. A survey of the historic and economic roots of labor power, the existence of organized labor as a social phenomenon, and the resultant implications for other social, political and economic institutions. Offered infrequently.
Credit: 3
ECON 434 - DEVELOPMENT OF ECONOMIC THOUGHT
Prerequisite:
A study of how people's thought on economic issues has changed overtime. It will deal with the effect of historical change on economic thinking and with the impact of economic thought on historical change. Emphasis will be placed on the influence of the important economic thinkers on subsequent and modern economic theory and practice, and the impact of the important economic thinkers of the past on the economics, political, and social milieu of the modern world. Offered Infrequently.
Credit: 3
ECON 448 - BUSINESS ANALYTICS II
Prerequisite: ECON 348
How can data be used to inform business decisions? Students in this class learn how to use computer software to analyze data to build models of consumer and firm behavior. Students begin by extending their practical and theoretical understanding of multiple linear regression, and progress to extensions including logistic regression. Students also learn critical “big data” skills such as data reduction, missing data imputation, model training, and model selection. The course concludes with a project analyzing student-gathered data. Emphasis throughout the course is on using data to inform decision-making.
Credit: 3
ECON 449 - RESEARCH IN BUSINESS ANALYTICS
Prerequisite: ECON 448 or MIS 472 or MGT 340
This course is designed to allow students to apply their knowledge of business analytics to an empirical research question. Students will define an empirical research question; collect, organize and clean data using an industry standard statistical program; perform data description; apply appropriate tools of inference to answering their question; and write either a technical report or a scientific paper.
Credit: 3