ECONOMICS (ECO)
Course Descriptions
ECO 110 Cr. 3
Microeconomics and Public Policy
Introduction to microeconomic
principles and their application to decision-making by
individuals, businesses, and government. General topics include:
supply and demand, market structures, product and factor
markets, labor unions, government regulation, income
distribution, and economic analysis of current social issues.
MBA foundation course.
ECO 120 Cr. 3
Global Macroeconomics
Introduction to the functioning of
the world economy. Applications of economic principles to
domestic and international problems with an introduction to
economic systems, economic thought, and economic history around
the world. General topics include: the economics of
international trade and exchange rates, global macro economics,
international monetary systems, and economic development. MBA
foundation course.
ECO 400/500 Cr. 3
Monetary Theory and Policy
This course is concerned with the
theory and practice of monetary policy in the modern market
economy, with particular reference to the U.S. economy and
institutional framework. Topics covered include: the ability of
the central bank to regulate the supply of money and credit
conditions; factors affecting the demand for money; and the
relationship between changes in the money supply and interest
rates and the impact of changes in each of these on other
economic variables. Prerequisite: ECO 301. Offered occasionally.
ECO 402/502 Cr. 3
Public Sector Economics
Theory and policy of revenues and
expenditures in the public sector. Public sector issues are
analyzed using public choice theory and cost-benefit analysis.
Expenditure programs and taxation are considered at the
national, state, and local government levels. Prerequisite: ECO
110.
ECO 409/509 Cr. 3
Econometric Methods
Development of statistical techniques
used in empirical economics analysis. Emphasis will be placed on
the theory and application of the linear regression model.
Prerequisite: ECO 307 or MTH 305 and one economics course at 300
level or above. Offered occasionally.
ECO 441/541 Cr. 3
International Financial Economics
The economics of the international
monetary system and financial transactions, with emphasis on
macroeconomic policy. Balance of payments problems, exchange
rate determination and its effect on economic growth and
stability, and policies to achieve international market
equilibrium are analyzed from a theoretical and empirical point
of view. Prerequisite: ECO 305 or 340.
ECO 547 Cr. 3
Urban/Regional Economics
Introduction to spatial economics and
application of economic principles to urban and regional
problems. Topics include: urbanization; migration; location and
systems of cities; land use patterns; urban/regional growth; and
selected urban problems, such as housing, transportation,
poverty, crime, pollution, urban sprawl, and new cities.
Prerequisite: ECO 110 and 120. Offered occasionally.
ECO 471/571 Cr. 3
Health Economics
Study of the use of resources in
health care and the application of economic methods to issues of
public health: organization of health care delivery,
relationships between health care and health status, and the
economic evaluation of health care services. The U.S. System is
compared with those of other nations, focusing on the roles of
the consumers and providers in health care markets, and on the
roles of government in shaping demand, supply, and utilization.
Prerequisite: ECO 110.
ECO 474/574 Cr. 1-3
Economic Forum
Emphasis will be on examination and study of current economic
issues. Topics will vary from semester to semester.
Prerequisite: ECO 110, 120. Repeatable for credit —
maximum 6.
ECO 703 Cr. 1
Foundations of Microeconomics
Introduction to microeconomics analysis with an emphasis on
effective decision-making. Topics include: supply and demand,
profit maximization, pricing strategies, market structures,
antitrust regulation, and strategic positioning for competitive
advantage. This course is an internet
MBA foundation course.
ECO 704 Cr. 1
Foundations of Macroeconomics
Introduction to macroeconomic
analysis with an emphasis on effective decision-making. Topics
include: monetary policy, fiscal policy, and the economics of
international trade and exchange rates. Prerequisite: ECO 703 or
a previous economics course. This course is an internet MBA
foundation course.
ECO 712 Cr. 3
Business Fluctuations
An introduction to the dynamic
analysis of the aggregate economy. Topics include economic
models and dynamic analysis, production and economic growth,
consumption and saving, government activity and its financing,
money and the price level, unemployment, and aggregate
forecasting.
ECO 740 Cr. 3
Macroeconomic Policies in Global Economy
A detailed examination of the
fundamentals of international monetary economics and
macroeconomic policies. Currency markets and exchange rates, the
balance of payments accounts, the market for goods and services,
and money and the banking system in relation to foreign exchange
will be discussed. Short-run and long-run macroeconomic policies
under fixed and flexible exchange rates, and their impact on
interest rates, prices, and output are emphasized. Prerequisite:
not open for credit to students who have completed ECO 441/541.
Offered occasionally.
ECO 797 Cr. 1-3
Independent Study
Individual reading or research under the guidance of a staff
member. Registration with the consent of the student’s regular
adviser, the instructor and the department chairperson. Students
must have completed a minimum of 21 credits in the MBA program
with a minimum GPA of 3.50. Approval form available in the
office of the dean of the