ECO 100 -- Principles of Macro-Economics
This introductory course focuses on the basic principles explaining aggregate
economic activity. Topics covered include the concepts measurements and problems
associated with aggregates such as gross domestic product, price level,
unemployment and macro-economic policy. 3 credits.
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ECO 101 -- Principles of Micro-Economics
This introductory course focuses on the basic problem of resource allocation in
an economy with particular reference to the market economy. 3 credits.
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ECO 200 -- Macro-Economic Analysis
Examination of the composition of the national income and the effects of changes
in its components upon the level of national income. Also analyzed are the
nature of business cycle fluctuations, with attention to the interrelated
problems of inflation, balance of payments, unemployment, and economic growth.
The problem of forecasting economic activity and the development of private and
public stabilization programs are analyzed. Prerequisite: ECO 100 and 101. 3
credits.
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ECO 201 -- Micro-Economic Analysis
Analysis of the economic principles and processes involved in the structure and
operation of a predominantly free-enterprise economic system. Attention is given
to pricing and distribution theory (micro-analysis). Prerequisites: ECO 100 and
101. 3 credits.
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ECO 221 -- Statistics Methods for Economics and Business
A first course in statistics concentrates on applications in business and
economic decision making. Topics covered include descriptive statistics, basic
probability distributions, sampling theory, confidence interval estimation,
hypothesis testing, correlation, and simple regression analysis. Prerequisites:
ECO 100 and 101, and MATH 120. 3 credits.
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ECO 298 -- Special Topics in Economics
This is a special course that is either in the pilot stage or a course that will
be offered once. Prerequisites are based upon content. 3 credits.
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ECO 303 -- Development Economics
The purpose of this course is fourfold: (1) to introduce the student to the
field and tools of development economics; (2) to explore in depth the
philosophical, theoretical, and policy-oriented complexities of contemporary
development issues facing over two-thirds of the world's population; (3) to
examine the strengths and weaknesses of alternative development strategies in
light of country experience, and (4) to evaluate recent policy options
introduced in development. Prerequisites: ECO 100 or departmental permission. 3
credits.
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ECO 304 -- Labor Economics and Collective Bargaining
This course covers topics in both the supply of and demand for labor, wage
determination, the effects of market structure on the equilibrium in the labor
market, and the theory of human capital. Additional issues may include labor
market discrimination, time allocation between and among households, and the
effect of unions. Prerequisites: ECO 100 and 101. A knowledge of statistics is
helpful. 3 credits.
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ECO 307 -- Urban Economics
An economic analysis of the structure and functioning of contemporary urban
communities to identify and study the more pressing economic problems. Attention
is directed to the changing structure of central cities, fiscal arrangements,
housing markets, and public goods. Prerequisites: ECO 100 and 101. 3 credits.
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ECO 310 -- Management Science
Application of quantitative methods to economics and business. All decision
problems are motivated and organized along an economic and business line of
thinking. Specific topics are linear programming, transportation problems,
probability concepts, Bayes' decision rule, game theory, Markov chains, queuing,
and inventory models. Prerequisites: ECO 100, 101, and 221. 3 credits.
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ECO 311 -- Public Finance
Principles and techniques involved in obtaining and expending funds by
governmental bodies. Considered also are the nature of governmental borrowing
and indebtedness as well as sources of revenue and fiscal administration.
Prerequisites: ECO 100 and 101. 3 credits.
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ECO 321 -- Introductory Econometrics
An exposition of methods of the empirical determination of economic laws. Topics
include the general linear regression model and the corrective measures to take
in the critical use of ready-made econometric computer programs which come with
an understanding of the rationale of the various methods of econometrics.
Prerequisites: ECO 100, 101, and 221. 3 credits.
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ECO 333 -- Economic History of the U.S
A study of the tools of economic theory to investigate issues in the economic
growth and development of the United States from the early colonial period to
the Depression of the 1930's. Attention centers on the forces underlying the
development of the modern economy. Prerequisites: ECO 100 and 101. A knowledge
of American History is useful. 3 credits.
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ECO 334 -- History of Economic Thought
Analysis of economic ideas from Aristotle and Plato to the contemporary scene of
Keynes, Robinson, and Chamberlin. Included is the study of the mercantilists,
and Adam Smith, Karl Marx, Ricardo, and Malthus. Prerequisites: ECO 100 and 101.
3 credits.
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ECO 340 -- Money and Banking
A close look at the role of money in determining output, inflation, and interest
rates. Topics include money creation, monetary policy, budget deficits,
financial intermediation, banking regulations and the Federal Reserve.
Prerequisites: ECO 100 and 101. 3 credits.
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ECO 350 -- International Economics
Theoretical foundations of why nations trade; the problems that arise from trade
and the policies nations adopt to correct the problems. Prerequisites: ECO 100
and 101. 3 credits.
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ECO 353 -- Industrial Organization
Economic analysis of the organization of industry and an examination of public
policy toward industry. Topics include antitrust and natural monopoly
regulation. Prerequisites: ECO 100 and 101. 3 credits.
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ECO 375 -- Quantitative Economics and Business
Exposition of basic mathematical methods related to various types of economic
analysis. Emphasis is placed on the application of mathematics to economic
models of the firm and the consumer, national income models and models of
economic growth. Prerequisite: ECO 101. 3 credits.
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ECO 398 -- Special Topics in Economics
This is a special course that is either in the pilot stage or a course that will
be offered once. Prerequisites are based on content. 3 credits.
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ECO 400 -- Alternative Economic Systems
Principles, structures, and processes of existing economic systems throughout
the world are compared (e.g., free enterprise, socialism, communism, and
fascism). A comprehensive analysis of recent experiments in these economies is
also made. Prerequisites: ECO 100 and 101. 3 credits.
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ECO 402 -- Monetary Theory and Policy
Theoretical and empirical study of money and its impact on economic activity.
Prerequisite: ECO 200. 3 credits.
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ECO 410 -- Managerial Economics
Problem-solving applications of micro-economic theory to policy level
decision-making processes of individual firms competing in local, national, and
international markets. Prerequisites: ECO 100, 101, and 221. 3 credits.
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ECO 430 -- Decision Analysis
Covers a general conceptual framework and a set of quantitative techniques
useful for managers to approach complex problems and reach a decision.
Prerequisites: CSC 200, ECO 221 and junior or senior status. 3 credits.
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ECO 431 -- Forecasting Methods in Business and Economics
Surveys basic quantitative and qualitative methods in forecasting and
investigates their applications to problems in business and economics.
Prerequisites: CSC 200, ECO 221, and junior or senior standing. 3 credits.
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ECO 441 -- Public Budgeting and Management
Examination of the economic characteristics of government; fiscal policy;
planning, performance and control of public budgeting and management; nature of
decision making, and the functions, organizations, and objectives of various
governmental agencies and public enterprises. Prerequisites: ACC 101, ECO 200,
and 201. 3 credits.
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ECO 495 -- Departmental Honors
Research of an exceptionally high quality involving preparation of a thesis, its
defense before a departmental committee, and its preparation for publication in
abstract form. Prerequisites: senior status and departmental permission. 3
credits.
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ECO 497 -- Internship
A supervised internship in business or government with the application of
economic theory to problems of enterprise administration. Bi-weekly reporting to
the faculty supervisor is necessary. Prerequisites: senior status and
departmental permission. 3 credits.
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ECO 498 -- Special Topics in Economics
This is a special course that is either in the pilot stage or a course that will
be offered once. Prerequisites are based upon content. 3 credits.
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ECO 499 -- Independent Study
Research of a high quality meeting the standards of the department faculty
director. Prerequisites: senior status and departmental permission. 3 credits.
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