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ECO. 101 Staff<br />
(S)Current Economic Issues 3 credits<br />
Intended to provide a foundaton in economics for<br />
non-business students. This course provides economic<br />
analysis <strong>of</strong> contemporary economic issues relevant for<br />
the U.S. economy in particular and the world in general.<br />
Issues such as economic policy, budget deficit,<br />
federal debt, resession, unemployment, inflation,<br />
health care, environment, and regulation <strong>of</strong> business<br />
are studied. Tools <strong>of</strong> micro and macroeconomic<br />
analysis are developed in the context <strong>of</strong> these issues.<br />
Not open to economic majors.<br />
ECO. 102 Staff<br />
Fundamentals <strong>of</strong> Economic Analysis<br />
Designed to provide students who have minimal<br />
mathematical background an understanding <strong>of</strong> economics<br />
through application <strong>of</strong> basic quantitative<br />
methods. Statistical concepts and mathematical models<br />
are discussed and applied using electronic spreadsheets<br />
to examine issues critical to business firms,<br />
households, society, and economy in the aggregate.<br />
Not open to economics majors.<br />
ECO. 153 Staff<br />
(S)Principles <strong>of</strong> Microeconomics 3 credits<br />
(Formerly Eco. 152) This course centers on the<br />
salient characteristics <strong>of</strong> the modern free enterprise<br />
economy. Topics include the operations <strong>of</strong> the price<br />
system as it regulates production, distribution, and<br />
consumption, and as it is in turn modified and influenced<br />
by private groups and government.<br />
International economics is also covered.<br />
ECO. 154 Staff<br />
(S)Principles <strong>of</strong> Macroeconomics 3 credits<br />
(Formerly Eco. 151) This course analyzes the determinants<br />
<strong>of</strong> aggregate economic activity. <strong>The</strong> main<br />
areas studied are the monetary and banking system,<br />
the composition and fluctuations <strong>of</strong> national<br />
income, and inflation, all as influenced by monetary<br />
and fiscal policy.<br />
ECO. 200 Dr. Ralph Grambo, Staff<br />
(S)Economic Security & Personal 3 credits<br />
Finance<br />
A survey <strong>of</strong> the practical approaches to achieving economic<br />
security. Topics include risk management,<br />
essentials <strong>of</strong> budgeting, savings, and credit planning,<br />
planning for taxes, investments, retirement and<br />
estates. This course is not open to economics or business<br />
majors or minors.<br />
ECO. 300 Dr. Scahill, Staff<br />
<strong>The</strong> Economics <strong>of</strong> 3 credits<br />
Environmental Issues<br />
This course provides students with a framework for<br />
viewing environmental issues as economic issues.<br />
<strong>The</strong> operation <strong>of</strong> a system <strong>of</strong> markets and prices and<br />
the sources <strong>of</strong> “market failure” are explained.<br />
Alternative methods for addressing environmental<br />
problems are examined, including “command and<br />
control” regulatory policies and “market-based”<br />
policies. <strong>The</strong> evolution <strong>of</strong> public policies toward the<br />
environment is discussed. This course is not open to<br />
economics majors or minors, business majors or<br />
minors.<br />
ECO. 351 Dr. Trussler/Staff<br />
Environment <strong>of</strong> International 3 credits<br />
Business<br />
(Prerequisites: Eco. 153 & 154; junior standing)<br />
This course introduces the student to the growing<br />
field <strong>of</strong> international business, touching on the economic,<br />
social and political environments <strong>of</strong> international<br />
trade and multinational corporations.<br />
International institutions and agencies that impact<br />
on international business are discussed and practical<br />
aspects <strong>of</strong> these topics are emphasized.<br />
ECO. 361 Dr. Ghosh/Staff<br />
Intermediate Microeconomics 3 credits<br />
(Prerequisite: Eco. 153) This course centers on the<br />
analysis <strong>of</strong> production and cost theories. <strong>The</strong> topics<br />
studied are pure competition, monopoly, oligopoly,<br />
monopolistic competition, factor pricing,<br />
resource allocation, and income distribution.<br />
Economics majors take in Sophomore year;<br />
Finance in Junior year.<br />
ECO. 362 Dr. Ghosh/Staff<br />
Intermediate Macroeconomics 3 credits<br />
(Prerequisite: Eco. 154) Course centers on the<br />
study <strong>of</strong> national income accounting, price level<br />
fluctuations, problems <strong>of</strong> full employment and<br />
impact <strong>of</strong> monetary and fiscal policy on income<br />
level and distribution. Economics majors take in<br />
Sophomore year; Finance in Junior year.<br />
ECO. 363 Dr. Nguyen<br />
Applied Econometrics 3 credits<br />
(Prerequisite: ECO. 361, ECO 362, Stat. 253) This<br />
course deals with the modeling and estimation <strong>of</strong><br />
relationships as applied to economics. <strong>The</strong> topics<br />
covered include single equation structural modeling<br />
and time-series modeling; estimation methods and<br />
problems; testing <strong>of</strong> economics hypotheses; and<br />
forecasting. <strong>The</strong> emphasis <strong>of</strong> the course is on applications<br />
involving the use <strong>of</strong> actual data.<br />
ECO. 364 Dr. Corcione<br />
Labor Economics & 3 credits<br />
Labor Regulations<br />
(Prerequisites: Eco. 153-154) Analysis <strong>of</strong> labor<br />
supply & demand; measurement theory <strong>of</strong> unemployment;<br />
occupational choice; wage differentials;<br />
labor market issues & policies; labor legislation.<br />
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