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Course Criteria
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4.00 Credits
A first course in microeconomics, a social science, that introduces students to theories of how consumers and producers interact through supply and demand within the economy. This course helps students in developing a scientific approach to studying economic systems such as modern capitalism. Students investigate the structure of market behavior, performance in the marketplace and optimizing behavior regarding consumer demand, revenues, costs and profits. This course takes the place of EC 2100 for honors students. Sophomore standing. (SRI)
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3.00 Credits
Intermediate Macroeconomics is a social science that focuses on the fundamental determinants of output, employment, prices and interest rates. As an extension of the foundation built in Principles of Macroeconomics, critical economic factors and issues such as technology, the labor force, the capital stock and government policies are investigated. Students gain an understanding of the competing economic analyses explaining macroeconomic problems and the variety of possible alternatives for fiscal, monetary, investment and labor force policies. Prerequisites: EC 2000 or EC 2050, EC 2100 or EC 2150, statistics.
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3.00 Credits
An advanced study of microeconomics that includes the study of consumer behavior, production theory and general equilibrium. Topics include indifference analysis, costs, isoquants and welfare economics. Prerequisites: EC 2000 or EC 2050, EC 2100 or EC 2150, statistics.
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3.00 Credits
This class helps students develop an understanding of the public policy formulation and implementation process, as well as an awareness of the critical economic issues in American health care markets. It also provides an exposure to options for health care policy reform. Students are introduced to health service economic issues of access, technology, labor, equity and efficiency from both domestic and international perspectives. A prior course in economics is helpful. (SRII or SRI)
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3.00 Credits
Overviews the financial and derivatives markets and the institutional environment in which these markets operate. Instruments traded in these markets (equities, bonds, currencies, options, futures, swaps, etc.) and the principles underlying price determination of these instruments is covered. The course also covers ALM (Asset Liability Management) for financial institutions. Prerequisites: EC 2000 or EC 2050, EC 2100 or EC 2150, statistics.
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3.00 Credits
The Developing World has often been viewed through the lens of theory that evolved in the context of what is known as the Developed World. This seminar course assembles profiles of developing countries and regions from a wide variety of sources to give students a foundation to understand theories focused on the Developing World. Such a foundation includes examinations of the interacting forces of economics, culture, politics, and the natural world. Prerequisite: sophomore standing. (SRII or SRI)
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3.00 Credits
The purposes of government intervention in markets are the focus of the course. The market failures that government is designed to correct are weighed against government failures. Industry studies are used to illustrate public choices about regulation, deregulation, antirust, and other legal interventions in markets. Students learn the role of property in our legal system and economic analysis. The structure of the U.S. and foreign legal systems are examined from an economic perspective. Students learn to read, interpret, and apply Supreme Court cases to economic analysis of markets. A prior course in economics is helpful. Prerequisite: sophomore standing or above. (SRII or SRI)
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3.00 Credits
A comprehensive course applies modern business and economic principles to study a firm's strategic position. The class integrates insights from the theory of the firm, industrial organization, game theory, and complexity analysis which are used in may fields besides Economics. The broad sweep of modern economics and strategy research is organized and presented on a wide variety of issues, such as defining boundaries, make or buy fallacies , competitor identification, rivalry, commitment, cooperation, and strategic positioning. Prerequisite: Sophomore standing or above and EC 2100 (MK 3000 recommended). (SRII or SRI)
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3.00 Credits
An introduction to the most commonly used methods of forecasting including judgmental, time series and causal approaches. Emphasis is placed on the proper application of these techniques in developing sound forecasts. Prerequisites: EC 2000 or EC 2050, EC 2100 or EC 2150, statistics.
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3.00 Credits
This course introduces the student to international trade, with emphasis on the balance of payments, foreign exchange rates and adjustments, the history of trade laws and current directions in free trade and protectionism. Prerequisites: BUS 3350, EC 2000 or EC 2050, EC 2100 or EC 2150, statistics.
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