Economics Course descriptions ECON

Economics Course descriptions ECON-201 General Economics 3 cr. SBSCI ECON Fall and Spring Semesters Introduction to basic elements of economics; analysis of institutions, issues and policy; theories of price, national income and employment. Not open to students taking ECON-210 and ECON-215. ECON-210 Principles of Economics I 3 cr. SBSCI ECON Fall, Spring and Summer Tools of basic economic analysis including scarcity, cost, and demand and supply; macroeconomic issues such as economic growth, inflation, and unemployment; alternative macroeconomic theories; and fiscal and monetary policies. Not recommended for students who took ECON-201. ECON-215 Principles of Economics II 3 cr. SBSCI ECON Fall, Spring and Summer Theory of individual economic behavior; price determination; market structures; labor, capital and natural resource markets; international economics; and current microeconomic topics. P: ECON-210. ECON-335 Personal Investing 3 cr. Terminology, evaluation, selection and risk analysis of all types of investment vehicles: stocks, bonds, mutual funds, and enhanced traded funds. P: ECON-201 or ECON-210. ECON-350 Environmental and Natural Resources Economics 3 cr. Principles underlying use of natural resources including demand and supply; efficiency; cost effectiveness and benefit-cost analysis; sustainability; optimal pricing; and management of renewable and non-renewable resources. Principles are applied to the examination of pollution control, preservation vs. development, recycling, and other environmental and natural resources issues and policies. P: Take ECON-201 or ECON-210 ECON-360 Strategic Decision Making and Game Theory 3 cr. Strategic behavior and game theoretic approaches for problem solving and social analysis with particular application to economics, politics, and sociology. Mechanisms for sustainable conflict resolution, ethical and socially responsible decision making, and optimal individual and group choice ECON-380 Economic and Business Forecasting 3 cr. Quantitative methods used in economics and business forecasting. Topics covered include: descriptive statistics, hypothesis testing, correlation, regression analysis and forecasting. Real business applications of these techniques are emphasized. P: Take ECON-201 or ECON-215, and take ECON-325 or STAT-130 or STAT-320. ECON-410 Microeconomics 3 cr. Spring Semesters Value and distribution theory; analysis of demand-firm, industry and utility; pricing of production factors. P: ECON-215. ECON-415 Macroeconomics 3 cr. Fall Semesters Determination of aggregate income, employment, growth rates and price levels; monetary and fiscal policies necessary for full employment. P: ECON-215. ECON-420 Labor Economics 3 cr. Basic labor theory; history of organized labor in western industrial societies; collective bargaining as viewed by labor, management, government and public; institutions involved in modern labor relations. P: ECON-201 or ECON-210. ECON-421 Collective Bargaining and Labor Relations Relations 2 cr. Introduction to collective bargaining in the U.S.; formation, substance and administration of a labor agreement, current labor law, role of National Labor Relations Board. P: ECON-201 or ECON-210.

ECON-425 Economic Development 3 cr. Analysis of the economies of less developed countries in an institutional and international framework to understand the social and economic realitites of people living in these regions. Evaluation of economic policies and their impact on development. P: ECON-215 ECON-435 Money, Banking, Financial Markets 3 cr. Money and bank credit, modern monetary theories, monetary policy. P: ECON-201 or ECON-210. ECON-445 Public Finance 3 cr. Spring Semester Public finance at all governmental levels; taxation, expenditures, debt management and fiscal policy. P: ECON-201 or ECON-210. ECON-480 International Economics 3 cr. Survey of current issues such as changing world financial situations, international agreements and organizations, and other topics related to trade models, tariffs, exchange rates and balance of payments. P: ECON-210.