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Course Criteria
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4.00 Credits
An analysis of the various systems of economic organization; comparison of socialist methods of economic management with the operations of the market economy; overview of the current economics of several nations. Prerequisite: ECN 221, 222
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4.00 Credits
An analysis of the theories advanced from the Greeks to the contemporary schools of economic thought and their effects on present- day economic policies; a study of pertinent recent publications and personalities in economics; includes regular round table discussions designed to improve each student's ability to understand the market economy. Prerequisite: ECN 221, 222
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4.00 Credits
An examination of economic theory related to environmental pollution and resource depletion; development of the economic theory necessary to identify the causes and consequences of environmental degradation; comparison of regulatory and incentive-based public policy alternatives. Applications include solid waste management, air and water pollution, energy, wildlife habitat, population, and trans- boundary pollution. Prerequisite: ECN 321
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4.00 Credits
An overview of the deductive, subjective-psychological approach to economics that originated in 1870's Vienna and is still practiced today. Includes a discussion of decision making under uncertainty using the individual as the sole interpreter of value, the nature of goods, the equimarginal principle, and the positive rate of time preference as they relate to and influence the structure of production in the economy. The organic and inorganic composition of institutions, including central banking and legal systems, and their effects on the structure of production will be used to explain the Austrian theory of business cycles as put forward by Ludwig von Mises and F.A. von Hayek. The role of the market as the most efficient conduit of information and the consequences for non-market economies will be analyzed as well. Prerequisites: ECN 221 and ECN 222
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4.00 Credits
An analytical and critical paper written after attendance at the annual summer "Freedom Seminar" or through arranged independent study.Prerequisites: ECN 221, 222
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4.00 Credits
Examines the bases of trading among nations with emphasis on resources, foreign exchange, balance of payments, investments, tariffs, import quotas, export controls, nationalism, free trade, protectionism, and the institutions aiding in world trade. Prerequisites: ECN 221, 222
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4.00 Credits
A study of both the short-term and long-term economic consequences of public policies as they relate to individuals and organizations. Prerequisites: ECN 221, 222, LAW 301
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4.00 Credits
The case study method is used to analyze the global environment confronting the entrepreneur engaged in cross border enterprise. Important course components include public policy, markets, labor, and financial forces. Prerequisite: ECN 400
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4.00 Credits
A study of the theories and techniques of forecasting and their applications to business; use of official statistics and economic indicators; analysis of methods and materials for research and exposition in economics. Prerequisites: Junior status and ECN 301, MTH 333
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4.00 Credits
The course is designed for adults and international students whose reasonable skills in English writing will benefit from focused review and practice. Grammar review, reading and presenting skills are integrated.
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