2003-2004 - The University of Scranton

212 Kania School/Economics
ACC 474 3 cr.
Accounting Information Systems
(Prerequisite: ACC 252) The design and application
of accounting systems in both the manual
and automated environments. Analysis of information’s
accumulation and use patterns in organizations
with a focus on providing useful and
timely information. Extensive computer usage of
Professional Business Software.
AIS 483 3 cr.
Business Applications of Communication
Networks
(Prerequisite: ACC 474) Use of computer and
telecommunication networks to achieve organizational
goals. Topics include data communications;
planning and design of communication
networks; data integrity, independence and security,
client-server computing; global communication;
the Internet; applications of telecommunication
networks and current issues and future
trends. (AIS 473, EC 473, and OIM 473 are
offered jointly.)
ECONOMICS
Faculty
Satyajit Ghosh, Ph.D., Chair
Frank P. Corcione, Ph.D.
Riaz Hussain, Ph.D.
Ioannis N. Kallianiotis, Ph.D.
Hong V. Nguyen, Ph.D.
Iordanis Petsas, Ph.D.
Murli Rajan, Ph.D.
Edward M. Scahill, Ph.D.
Susan Trussler, Ph.D.
Overview
The major in Economics, which is available
both through The Kania School of Management
and The College of Arts and Sciences,
provides an excellent training for understanding
the economic events and developments of
our complex industrialized society and of the
world economies. It equips the student with
training and background needed to assume
responsible decision-making positions in the
financial sector, industry, commerce, banking,
or government service. It also gives a strong
preparation for the pursuit of graduate studies
in Economics or the law.
Minor in Economics
18 credits consisting of ECO 153, 154 (or
ECO 101,102), 361, 362, plus two upper
level ECO courses (SOM majors may not use
ECO 351).
Course Descriptions
ECO 101 3 cr.
(S) Current Economic Issues
Intended to provide a foundation in economics
for non-business students. This course provides
analysis of contemporary economic issues relevant
to the U.S. economy and the world. Issues
such as economic policy, budget deficit, federal
debt, recession, inflation, health care, environment,
and regulation of business are studied.
Not a substitute for ECO 153-154 or other
upper-level economics courses.
ECO 103 3 cr.
(S) The Economics of Environmental Issues
This course provides students with a framework
for viewing environmental issues as economic
issues. Alternative methods for addressing environmental
problems are examined, including
“command and control” regulatory policies and
“market-based” policies. The evolution of public
policies toward the environment is discussed.
Not open to Economics or Business majors or
minors.
ECO 153 3 cr.
(S) Principles of Microeconomics
This course centers on the salient characteristics
of the modern free-enterprise economy. Topics
include the operations of the price system as it
regulates production, distribution, and consumption,
and as it is in turn modified and
influenced by private groups and government.
ECO 154 3 cr.
(S) Principles of Macroeconomics
This course analyzes the determinants of aggregate
economic activity. The main areas studied
are the monetary and banking system, the composition
and fluctuations of national income,
and inflation, all as influenced by monetary and
fiscal policy.
ECO/IB 351 3 cr.
(D) Environment of International Business
(Prerequisites: ECO 153-154 or ECO 101, junior
standing) This course introduces the student
to the growing field of international business,
touching on the economic, social and political
environments of international trade and multi-