Undergraduate - Clarion University

150 Clarion University of Pennsylvania
College of Business
Administration
ECON 323: APPLICATIONS OF BUSINESS AND ECONOMIC STATISTICS 3 s.h.
Application of the statistical methods of probability, sampling, estimation, analysis of variance, regression, and correlation in
the areas of economics and business. Prerequisite: ECON 222.
ECON 342: ECONOMICS OF GOVERNMENT AND BUSINESS 3 s.h.
A theoretical and empirical analysis of the effects of government policy on business behavior and economic efficiency in a
market economy. Topics include: regulatory theory and policy; antitrust policy; social regulation of business and markets; and
international trade policy. Prerequisites: ECON 211 and 212. Spring, biennially.
ECON 351: LABOR ECONOMICS 3 s.h.
Theory of the market is applied to labor. The evolution of labor law, collective bargaining, labor unions, and government policy
are stressed. Prerequisites: ECON 211 and 212. Fall, annually.
ECON 361: INTERNATIONAL ECONOMIC RELATIONS 3 s.h.
Theory and practice of international trade. Balance of payments, foreign exchange, national commercial policies, international
investment, and foreign aid are considered. Prerequisites: ECON 211 and 212. Fall, annually.
ECON 363: ECONOMIC DEVELOPMENT 3 s.h.
Survey of development models, development policies, and problems of development in developing countries. The course is
aimed at identifying major economic questions relevant to less-developed economies and to showing how economic analysis can
be used to further understanding of the obstacles to development and to formulating appropriate policies. Prerequisites: ECON 211
and ECON 212. Spring, annually.
ECON 370: MONEY AND BANKING 3 s.h.
Nature and origins of money; the commercial banking system and money creation; central banking and the Federal Reserve
System; monetary policy and domestic and international economic stability. Prerequisites: ECON 211 and 212. Spring, annually.
ECON 371: PUBLIC FINANCE 3 s.h.
Public sector activity and its impact upon resource allocation and income distribution. Topics include the theory of public
expenditures, public choice, cost-benefit analysis, and fiscal federalism. The structure, incidence, and incentive effects of the
personal income tax, corporate income tax, and various consumption and wealth taxes are investigated. Prerequisites: ECON 211
and 212. Fall, annually.
ECON 410: MANAGERIAL ECONOMICS 3 s.h.
Use of economic analysis in the formulation of business policies. Decision theory and criteria for decision-making by the firm;
output and “scale” decisions; linear programming; profits, production functions, and cost functions; competitive equilibrium (industry
and firm); demand theory, pricing policies, capital budgeting, and investment; uncertainty; inventory management. Prerequisites:
ECON 222, 310, and ACTG 252. On demand.
ECON 461: TECHNOLOGY TRANSFER AND MULTINATIONAL CORPORATIONS 3 s.h.
An applied analysis of the behavior and rationale for multinational corporations, with a special emphasis on the economics of
technology transfer. Topics include: theory of the firm, foreign direct investment, intellectual property rights, market imperfections,
international trade, international finance, economic development, and technology. Prerequisite: ECON 311. Biennially.
ECON 470: BUSINESS CYCLES AND FORECASTING 3 s.h.
Theories of business fluctuations; applications of modern income theory to business cycles; examination of business cycle
indicators and forecasting techniques. Prerequisites: ECON 211 and 222, or consent of the instructor. Spring, annually.
ECON 490: HISTORY OF ECONOMIC THOUGHT 3 s.h.
Development of economic ideas from ancient times to the present. Emphasis upon the period from Adam Smith onward.
Considers the economic and political environment in which ideas emerged as well as the leading economists advancing or defending
the ideas. Prerequisites: ECON 211 and 212. Spring, annually.
ECON 491: INDEPENDENT STUDIES IN ECONOMICS 1-3 s.h.
Opportunity to explore, in depth, a problem or area of economics, according to the student’s interest, under the direction of a
faculty member of the department. Prerequisites: 2.75 QPA and consent of both instructor and department chair. Maximum credit
granted in ECON 491 is six credits.
ECON 492: SPECIAL TOPICS IN ECONOMICS 3 s.h.
An opportunity for students to investigate specific topics or current issues. Prerequisites depend upon the subject to be covered.
General Studies Course
Courses carrying the GS label are interdisciplinary in nature or are courses which do not fit into any of the usual academic disciplines.
They are taken as free electives, as personal development and life skills under general education, or may with departmental approval
be substituted for required courses in some majors.
GS/ECON 140: CONSUMER ECONOMICS 3 s.h.
Major aspects of personal financial management, including budgeting of income and expenditures, transactions, and relations
with banks and other lending institutions, insurance and retirement plans, home ownership, personal taxes, savings, and investment
plans. B.S.B.A. majors may apply this course only as a free elective. Alternate years.