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Course Criteria
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3.00 Credits
The purpose of this course is to introduce students to the U.S. Census as a means of increasing research skills. The course will inform the student as to the purpose, methodology and data references of the U.S. Census. The student will also be introduced to the rudiments of sampling design and descriptive statistics. Three lecture hours per week. This course will be offered on a periodic basis. Elective for Economics majors and minors. Division III elective for all other majors. Not open to students who have received credits for ECO209.
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3.00 Credits
This course deals with the combined economic-political process as related to society's desire to efficiently allocate scarce resources among competing socially desired goals. Course material will explore the various political economic theories relative to competition, command (power), and change. The merits of these theories will be critically evaluated relative to efficiency, fairness and democracy. The course will focus attention on the economic realities of present day society as it debates the pros and cons of a free market system (capitalism). Three lecture hours per week. No previous study of economics is presumed. Elective for Economics majors and minors. Division III elective for all other majors. Not open to students who have taken ECO101. This course is offered on a periodic basis.
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3.00 Credits
Analysis of labor markets and how they function, the functional and personal distribution of income, poverty and low-wage employment and a comparison of theories of labor supply wages and employment with labor market behavior. Discussion of public policy issues; structural unemployment, impact of technical change, and costpush inflation. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors and minors. Division III elective for all other majors. Prerequisite: ECO202.
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3.00 Credits
Analysis of the status and performance of the U.S. economy. A discussion of the issues that affect the open economy, such as unemployment, inflation and growth, and policies (monetary, fiscal, international and structural) that the government may employ to affect the performance of the open economy both domestically and in its interactions with the global economy. Analysis of various aggregate demand and supply models. Comparison of Classical, Keynesian, Neo-Keynesian macroeconomics models. Emphasis is on static and comparative static analysis of employment, production, and the general price level. The influence of political, social, legal, environmental, global, and technological issues are discussed in the process of presenting applications of macroeconomic theories. Oral discussion, quantitative analysis, reading a current financial newspaper, computer usage and Internet research are encouraged. Three lecture hours per week. Required of all Economics majors-Junior year. Elective for Economics minors. Division III elective for all other majors. Prerequisite: ECO201.
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3.00 Credits
Applied economic analysis of the market decisions of the consumer, firms and labor. Using optimization techniques, the decisions of the participants in various market structures are evaluated both in theory and in case studies. Topics include optimization decisions under conditions of uncertainty, less than perfect competition, and in the presence of externalities. The influence of political, social, legal, environmental, global, and technological issues are discussed in the process of presenting applications of microeconomic theories. Oral discussion, quantitative analysis, Internet research and computer usage are encouraged. three lecture hours per week. Required of all Economics Majors-Junior year. Elective for Economics Minors. Division III elective for all other Majors.
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3.00 Credits
This course is a computer-oriented examination of advanced quantitative techniques as applied to decision making in economics, business and the social sciences. It includes data description, probability, confidence intervals, analysis of variance, chi square analysis, regression and correlation analysis, time series and index number construction. It stresses the development of statistical thinking, the assessment of credibility and value of inferences made from data, by both those who consume and those who produce the information. Statistical inference and data collection and analysis will be used to evaluate statistical studies. Case studies and exercises will draw on real business situations and recent economic events. Not open to students who have taken ECO304. Prerequisite: MAT108.
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3.00 Credits
A detailed description of the financial markets, instruments and institutions of the U.S. economy. Discussion of the Federal Reserve system and monetary policy formation and implementation. Essentials of the classical theory of money and modern theories of money and income. Emphasis on domestic and international debt and equity markets and foreign exchange. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors and minors. Not open to students who have taken ECO305. Prerequisites: ECO201, ECO202.
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3.00 Credits
An analytical comparison of the ways in which nations organize economic activity. Different systems will be scrutinized with respect to the role of monetary and financial institutions, the organization of industry, agriculture and trade. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors. Division III elective for all other majors. Prerequisites: ECO201, ECO202.
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3.00 Credits
Variations in aspects of American and European History with emphasis upon the role of technological change as related to economic growth will be analyzed and evaluated. A variety of historical materials will be used to suggest desirable alterations in certain economic models. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors. Division III elective for all other majors. Prerequisite: ECO200 or ECO201 or ECO202.
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3.00 Credits
A study of both economic theory and the economic institutions characteristic of urban areas. Problems of urban economics, such as poverty, discrimination, housing, pollution, education, transportation and crime are examined in depth. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors. Distribution III elective for all other majors. Prerequisite: ECO200 or ECO201 or ECO202.
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