P = Prerequisite, R = Recommended, C = Concomitant
I = Fall Semester, II = Spring Semester, S = Summer Session(s)

Course descriptions for the Bachelor of Science in Business with a Concentration in Economics (School of Business and Economics)

ECON E103 Introduction to Microeconomics (3 cr.) Microeconomics examines how households and businesses make decisions with respect to income, prices, and output. Economic theories are developed and illustrated by applying them to real-world economic problems, such as poverty, environmental concerns, energy, etc. I, II, S

ECON E104 Introduction to Macroeconomics (3 cr.) Macroeconomics discusses the determinants causes of the level of national economic activity, why this level changes over time, and government spending, taxing, and monetary policies which retard or promote economic performance. Problems of unemployment, inflation, and economic growth are analyzed. I, II, S

ECON E270 Introduction to Statistical Theory in Economics and Business (3 cr.) P: MATH M118, MATH M119. Review of basic probability concepts. Sampling, inference, and testing statistical hypotheses. Application of regression and correlation theory, analysis of variance, and elementary decision theory. Credit not given for both ECON E270 and MATH K310. I, II, S

ECON E304 Survey of Labor Economics (3 cr.) P: ECON E103. Economic problems of the wage earner in modern society; structure, policies, and problems of labor organizations; employer and governmental labor relations. I

ECON E305 Money and Banking (3 cr.) P: ECON E103, ECON E104. Monetary and banking system of the United States; supply and control of money; impact of money on the United States economy; topics in the application of Federal Reserve monetary policy; analytical treatment of the Federal Reserve system and the commercial banking industry. II

ECON E308 Public Finance: Survey (3 cr.) P: ECON E103, ECON E104. Analysis of the impact of government activity upon the economy. Topics include: economic functions of government, public decision making, federal budget process, principles of taxation, and major United States taxes. I

ECON E315 Collective Bargaining, Practices, and Problems (3 cr.) P: ECON E304, or consent of instructor. Collective bargaining in contemporary economy; economic, social, and legal problems involved in negotiating; administration of collective bargaining agreement through grievance procedure and arbitration. II

ECON E321 Intermediate Microeconomic Theory I (3 cr.) P: ECON E103. Microeconomics: the theory of demand; theory of production; pricing under conditions of competition and monopoly; allocation and pricing of resources; partial and general equilibrium theory; welfare economics. I

ECON E322 Intermediate Macroeconomic Theory II (3 cr.) P: ECON E104. Macroeconomics: national income accounting; theory of income, employment, and price level; counter-cyclical and other public policy measures. II

ECON E375 Introduction to Mathematical Economics (3 cr.) P: ECON E103, ECON E104, MATH E118 and MATH E119. Micro- and macroeconomic concepts in a mathematical setting. Basic application of mathematical concepts to marginal analysis, equilibrium, and optimization. Application of matrix theory to input-output analysis and the solution of economic equilibrium.

ECON E430 International Economics (3 cr.) P: ECON E103, ECON E104. Forces determining international trade, finance, and commercial policy under changing world conditions; theory of international trade; structure of work trade; tariff and trade control policies; the balance of payments problem; evolution of international economic institutions; and monetary relations. II

ECON E470 Introduction to Econometrics (3 cr.) P: ECON E270 or MATH K310. Applications of regression analysis to economic and business data; estimation and hypothesis testing of the classical regression model; heteroscedasticity, collinearity, errors in observation, functional forms, and autoregressive models; estimation of simultaneous equation models. I

ECON E490 Advanced Undergraduate Seminar in Economics (4 cr.) Open to students who have completed ECON E321, ECON E322, and ECON E470, or by consent of instructor. In this seminar, contemporary economic problems are analyzed with special emphasis on how to research these problems. II

ECON S103 Introduction to Microeconomics-Honors (3 cr.) P: Consent of the coordinator of the honors program or the instructor. Covers the same general content as ECON E103. Special emphasis is placed on analysis of contemporary economic issues, selected advanced economic topics, and student-faculty interaction. I

ECON S104 Introduction to Macroeconomics-Honors (3 cr.) P: Consent of the coordinator of the honors program or the instructor. Covers the same general content as ECON E104. Special emphasis is placed on analysis of contemporary economic issues, selected advanced economic topics, and student-faculty interaction. II

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