The fundamentals of economic analysis on a national level with an emphasis on the interconnected global economy. Topics include: economic growth, the business cycle, unemployment, the price system, monetary and fiscal policy, international trade and finance, and the impact of international events and policies on the domestic economy.
A study of market structures, profit maximization, consumer demand, resource demand and pricing, resource allocation, and consumer responsiveness to price changes.
An analysis of consumer decision making in the marketplace; government protection for the consumer; consumer credit institutions; insurance, investments, management of personal finances, retirement and estate planning. No credit given in the major for business, or economics. Also offered as FCS-274.
A continuation of study begun in ECO-101, this course proceeds to intermediate-level analysis of markets for goods and services, consumer behavior, price and product choices by business, markets for labor and other resources, and the various ways that the structure of markets affects the welfare of society. Prerequisite: ECO-101.
A continuation of study begun in ECO-100, this course proceeds to intermediate level analysis of national income and employment determination, theories of economic growth and fluctuation, techniques and problems of monetary and fiscal policies to achieve macroeconomic goals of full employment, price stability, economic growth, and balance of payment equilibrium, and international issues. Pre-requisite: ECO-100.
The microeconomic analysis of society's pursuit of sustainable environmental outcomes, using both the private (market) tools and public (government) policies. Market solutions are often inefficient with respect to the natural environment, and this course examines the ways that governments may enhance both the efficiency and equity with which environmental/ecological resources are utilized. Attention is given to topics such as global climate change, acid rain, ozone, wilderness preservation wetlands, biodiversity, and water quality. Topics also include Natural Resource management, in particular forestry and ocean fisheries. An examination on "best practices" in management of natural resources, and the ways governments can improve outcomes for present and future generations using tools such as effluent taxes, benefit-cost analysis, camp-and-trade policies, public ownership of resources, best technology requirements, and input taxes. Prerequisites: ECO-101 or permission of instruction. (ECO-100 and a course in statistics are highly recommended.)
A study of contemporary monetary theory and policy, including an examination of the value and purchasing power of money; the role of commercial banks; the central banking system and its monetary controls; and the relationship among prices, production, employment, and economic growth. Prerequisites: ECO-100, ECO-101 is recommended.
An examination of the economic consequences of the shift of women into the labor force and the changing roles of men and women. Not open to freshmen. Prerequisite: ECO 101
This course applies the tools of economic analysis to the health care services industry. Issues to be studied include demand and supply for medical care, health insurance markets, government health care programs, medical malpractice, competition versus regulation, and national health care reform. Prerequisite: ECO-101 or permission of instructor.
A study of the foundations of international trade theory; development of international economic policies; foreign exchange and payments systems; and international institutions supporting trade, with special emphasis on the role of multinational corporations and common markets. Prerequisites: ECO-100, ECO-101 is recommended.
Supervised experience in business, nonprofits, or governmental institutions where work is related to economic analysis. Limited to students with a declared major in Economics. May not be taken simultaneously with either COE-302, COE-403 or any other internship course in the School of Business curriculum. Pass/Fail grading only. Prerequisite: 12 hours of ECO courses.
Joint participation by students and faculty in the discovery, examination, and analysis of knowledge in economics. The project must meet Honors Program thesis requirements as well as expectations of economics faculty. Open to seniors in the Honors and/or Teaching Fellows Programs only.
Joint participation by students and faculty in the discovery, examination and analysis of knowledge in economics. Open to juniors and seniors with a declared major, minor, or concentration in economics. May be repeated for credit for a maximum of six credit hours.
Curriculum requirements and course descriptions are subject to changes with each catalogue.