Economics

Course descriptions are listed alphabetically by subject prefix.  Each course description begins with a three letter subject prefix followed by a three – digit course number and the course title. The number on the right of each course description gives the semester credit hours for that course. If a course includes laboratory or other special activities, that information is contained in the course description.  Prerequisites are also listed.  A prerequisite is a course, experience, or other required preparation that must be completed before the student is permitted to enroll in the course.

Subject Prefix and Course Number Course Name Semester Credit Hours Course Description Cross Listed Course Prerequisite
ECO 200 Survey of Economics 3 A basic survey of economic principles involved in micro- economics and macroeconomics. This course is offered to non-Business majors Not Applicable Not Applicable
ECO 201 Principles of Economics I 3 The basic principles of microeconomics are examined and an overview of the American economy. Market structure, income distribution, general equilibrium, and welfare economics are considered. Not Applicable Not Applicable
ECO 202 Principles of Economics II 3 The basic principles of macroeconomics explore both the private and public sectors. National income determination, money and banking, economic growth, and international economics are
considered.
Not Applicable ECO 201
ECO 301 Microeconomics 3 Intensive study of economic analysis of consumption, output, price, and factor proportion problems and forms of decision making in different market
structures.
Not Applicable ACC 201, BUA 204 and ECO 201, all with grades of "C" or better
ECO 302 Macroeconomics 3 Static and dynamic theories of aggregate economics, the measurement of economic activity, determination of national income and growth, and
the control of economic activity
Not Applicable ACC 201, BUA 204 and ECO 201, all with grades of "C" or better.
ECO 311 Business Statistics I 3 Focus on measurement of central tendencies, probability concepts, sampling distribution, appreciation of statistical estimates, and hypothesis testing in uncertain situations. Not Applicable MAT 115 or higher; ACC 201, BUA 204 and ECO 201, all with grades of "C" or better.
ECO 312 Business Statistics II 3 The study of regression and correlation analysis, time series analysis and forecasting, Chi-square, and analysis of variance. Not Applicable ECO 311
ECO 321 Quantitative Methods of Decision Making
3 Various quantitative models involving matrix algebra,
calculus, and functions are studied. The use of linear programming in business decisions is emphasized.
Not Applicable MAT 115 or higher and ECO 311 or BUA 320.
ECO 329 International Economics 3 Description and analysis of the international economic relationships among the nations of the world with emphasis on the United States and
international trade.
Not Applicable ACC 201, BUA 204 and ECO 202, all with grades of "C" or better.
ECO 411 Money and Banking 3 A study of monetary
and banking systems in the United States. Highlighted are the roles of the Federal Reserve System and current monetary problems.
Not Applicable ECO 202 and FIN 330
ECO 420 History of Economic Thought 3 The evolution of economic ideas and concepts from ancient times to the present. A study is
made of the major contributions of principal economic scholars.
Not Applicable ACC 201, BUA 204 and ECO 202, all with grades of "C" or better.
ECO 424 Labor Economics 3 A study of employment, labor markets, and the labor movement. Studied are theories of wage rate determinations, unemployment, human resource policy, worker’s compensation, and industrial disputes. Not Applicable ACC 201, BUA 204 and ECO 202, all with grades of "C" or better.
ECO 425 Comparative Economic Systems 3 A study of the ideologies and functioning of capitalism, communism, and socialism, and
how various economic principles and theories apply under these systems.
Not Applicable ACC 201, BUA 204 and ECO 202, all with grades of "C" or better.
ECO 470 Students in Free Enterprise
(SIFE)
1 - 3 Student outreach to the community; teaching them the principles of economics and free enterprise. Not Applicable Junior or Senior status and consent of chairperson.
ECO 480 Economics Internship 3 Off campus on-the-job employment related to the discipline of economics. Not Applicable Junior or Senior status and consent of chairperson.
ECO 499 Independent Study in Economics 3 Research and in-depth study of a particular economic concept or problem under the direction of a faculty member. Not Applicable Senior classification and consent of chairperson.
ECO 501 Survey of Statistics and Quantitative
Methods
3 A survey of statistics and quantitative methods for graduate students. This course provides an introduction to statistics and quantitative methods for management decision-making. Topics include descriptive statistics, statistical inference,
probability, decision analysis, forecasting, and linear programming and sensitivity analysis. This course does not count toward the 30 hours required for the MBA degree.
Not Applicable Not Applicable
ECO 502 Managerial Economics 3 A comprehensive study of products developed by entrepreneurs based on economic opportunities and expected profit and the relationship between price and cost. Not Applicable Not Applicable