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ECO 313: History of Economic Thought
3.00 Credits
Lehigh University
A survey of the important historical writings that form the foundation of today's mainstream economic theory. Emphasis is on the period from 1750 to 1950 and on such notable economists as Smith, Ricardo, Walras, Marshall and Keynes. Prerequisite: ECO 105 or 146 or 119. (SS)
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ECO 313 - History of Economic Thought
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ECO 314: Energy Economics
3.00 Credits
Lehigh University
The economic theory of natural resource allocation over time. Economics of exhaustible and renewable resources. Environmental effects of energy production and consumption. Government regulation of the energy industry. Computer models for energy system forecasting and planning. Prerequisite: ECO 105 or 146. (SS)
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ECO 314 - Energy Economics
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ECO 315: Industrial Organization
3.00 Credits
Lehigh University
Structure of American industry. Development of economic models to describe behavior in markets with varying degrees of competition. Technological innovation, relationship between industry concentration and rates of return on capital, role of information and advertising, dynamics of monopoly and oligopoly pricing. Prerequisite: ECO 105 or 146. (SS)
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ECO 315 - Industrial Organization
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ECO 322: Competitor and Market Analysis
3.00 Credits
Lehigh University
Competitors, partners, and firms and governments strategically interact. This course uses game theory to analyze issues like pricing by competitors, vertical integration and contracting issues in supplier-buyer relationships, collective actions and joint ventures, and research and development program. Students use both mathematical models and cases to analyze these interactions. Prerequisites: ECO 105 or 146, ECO 145 and MATH 21, 31 or 51. (SS)
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ECO 322 - Competitor and Market Analysis
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ECO 323: Evolution of Business Strategy
3.00 Credits
Lehigh University
Analyzes how business firms have adapted to changes in technology, relative factor prices, globalization, and the extent of government intervention in the market. Material will be presented through discussion of case studies from the nineteenth and twentieth centuries. Prerequisite: ECO 1. (SS)
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ECO 323 - Evolution of Business Strategy
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ECO 324: The Economics of the Sports Industry
3.00 Credits
Lehigh University
This course analyzes the role of basic economic forces in shaping today's sports industry. Topics include: competition in the market for professional franchises; public subsidies for stadiums and arenas, compensation of professional athletes, the NCAA as an economic enterprise, and the impact of athletics on a university's budget. Prerequisite: ECO 105 or 146. (SS)
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ECO 324 - The Economics of the Sports Industry
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ECO 325: Quantitative Marketing Analysis
3.00 Credits
Lehigh University
This course explores economics and management science approaches to improve marketing decision making and marketing interactions in such areas as strategic marketing, e-marketing, advertising, pricing, sales force management, sales promotions, new products, and direct marketing. The development, implementation, and use of quantitative models are emphasized. Cases are used to illustrate how these models can be applied. Students have the opportunity to learn how to use and evaluate models through spreadsheet-based assignments. Prerequisites: MKT 211, ECO 145, ECO 105 or 146, and MATH 21, 31 or 51. (SS)
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ECO 325 - Quantitative Marketing Analysis
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ECO 327: Real Options and Investment Strategy
3.00 Credits
Lehigh University
This is an introductory course in financial economics. It focuses on the principles underlying financial decision making, with applications to stocks, bonds, and real estate. It is intended for students with strong technical backgrounds who are comfortable with mathematical arguments. The course is divided into three main parts: deterministic finance, single-period uncertainty finance, and options theory. Prerequisite: FIN 323. (ND)
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ECO 327 - Real Options and Investment Strategy
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ECO 332: Monetary-Fiscal Policy
3.00 Credits
Lehigh University
Monetary, credit and fiscal policies of governments and central banks with particular reference to the policies of the United States Treasury and the Federal Reserve System. Prerequisite: ECO 119 or 129. (SS)
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ECO 332 - Monetary-Fiscal Policy
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ECO 333: The Economics of Business Decisions
3.00 Credits
Lehigh University
Students analyze business problems using economic logic and techniques like mathematical programming, marginal analysis and decision making under risk and uncertainty. New topics like asymmetric information and the analysis of organizations are introduced. Case studies are emphasized. Prerequisites: ECO 105 or 146, ECO 145, ECO 245, and MATH 21, 31 or 51. (SS)
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ECO 333 - The Economics of Business Decisions
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