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 College of Business Administration. Form must be completed prior to registration. Repeatable for credit — maximum 3. Maximum of three credits in independent study in any combination of ACC 797, ECO 797, FIN 797, MGT 797 and MKT 797.