Economics

This course concentrates on analysis of national income, with special attention to the role of monetary and fiscal policies in stabilizing the price level and fostering high levels of employment and rapid economic growth. Theoretical as well as policy implications of income and price determination models are explored.

A study of the functioning of the market system, with emphasis on consumer and business decision–making and the various market structures. The course covers the theoretical underpinnings as well as the policy implications of the market system, resource allocation and income distribution.

An analysis of the economy as a whole including measurement and determination of aggregate demand and aggregate supply, national income, inflation, and unemployment. Others topics include international trade, economic growth, business cycles, and fiscal and monetary policy.

Analysis of the behavior of individual economic agents, including consumer behavior and demand, producer behavior and supply, price and output decisions by firms under various market structures, factor markets, market failures, and international trade.

A study of markets, prices, resource allocation and economic organization in a modern market economy. Prerequisites: ECON 1331, 1332. Fall, Spring.

A critical analysis of the classical and Keynesian theories of income determination, distribution of income and economic growth. Prerequisites: ECON 1331, 1332. Fall, Spring.

The theory of international trade and finance with emphasis on gains from international trade, determination of the level and composition of trade, barriers to trade, balance of payments and the international monetary system. Prerequisites: ECON 1331, 1332.

The process and problems of economic development in less developed countries, especially the role of international trade in economic development. Prerequisites: ECON 1331, 1332.

This course provides an introduction to econometric principles and methods. It aims at teaching students how to develop and statistically estimate various economic and financial models for use in policy analysis and forecasting. The course will cover both the classical econometric techniques as well as their more modern time series variants. Prerequisites: Junior standing, MATH 2435, MATH 3332, ECON 1331 and ECON 1332

A study of environmental issues from an economic perspective, distinguishing between market and nonmarket forces and their impact on resource utilization and sustainable development. The course focuses on conservation, pollution and resource exhaustion from the perspective of social cost and effective government policy. Prerequisites: ECON 1332.

This course examines the interrelationship between political and economic factors in international relations. Theoretical perspectives on the relationship between international economics and politics, trade policies, trends in integration of political and economic systems, the role of multinational corporations and economic organizations in the modern world. Prerequisites: INST 3352 or permission of professor.

Intercultural issues

This course examines the relationship between Free Enterprise and Conscious Capitalism with a focus on entrepreneurial business enterprises that produce positive impacts in society. Students examine the role of organizational leaders in providing opportunities in support of resourceful and sustainable communities. Students consider the relationship between institutional structures and a flourishing social order as a foundation for entrepreneurial success. Students learn to think critically about the system of democratic capitalism, the role of government and dimensions of the free enterprise system. This includes an understanding of the stakeholder model of business, elements of conscious leadership and management of organizations in a way that provides a sense of meaning and purpose. This is the first course in the Free Enterprise and Entrepreneurship minor progression.

Practicum of on–the–job experience under the guidance of a practicing specialist in the field. This course is designed to provide opportunities for students to enhance their practical skills through application of classroom concepts and theories to real–life situations. To be supervised individually by a department faculty member with the approval of the department chair.

Student research on a selected problem in the field pursued under the guidance of an assigned member of the faculty.

Practicum of on–the–job experience under the guidance of a practicing specialist in the field. This course is designed to provide opportunities for students to enhance their practical skills through application of classroom concepts and theories to real–life situations. To be supervised individually by a department faculty member with the approval of the department chair. Economics or finance students must have successfully completed three economics courses and have the approval of the chair during the semester prior to registration. Prerequisite: junior standing, 6 credit hours of economics and 3 credit hours of accounting, approval of department chair and approval of faculty member.

Student research on a selected problem in the field pursued under the guidance of an assigned member of the faculty.

Systematic analysis and discussion of selected topics of contemporary and current interest.

Practicum of on-the-job experience under the guidance of a practicing specialist in the field. This course is designed to provide opportunities for students to enhance their practical skills through application of classroom concepts and theories to real life situations. To be supervised individually by a department faculty member with the approval of the chair. Economics or finance students must have successfully completed three economics courses and have the approval of the chair one semester prior to registration. Prerequisite: junior standing, 6 credit hours of economics and 3 credit hours of accounting, approval of department chair and approval of faculty member.

Student research on a selected problem in the field pursued under the guidance of an assigned member of the faculty.

Systematic analysis and discussion of selected topics of contemporary and current interest.