2014-15-Undergraduate-Catalog

ECONOMICS (EC)Course Descriptions • 394EC 211 Principles of MacroeconomicsPrinciples and problems of macroeconomics: national income, employment, inflation, economic growth, monetaryand fiscal policy, interest rates, international economics and alternative economic systems. Three credits.EC 212 Principles of MicroeconomicsPrinciples and problems of microeconomics: price, value and distribution, and economic decision making underdifferent market structures. Emphasis is placed on the efficient allocation of resources by firms and owners of thefactors of production. Three credits.EC 311 Intermediate MacroeconomicsThis course provides intermediate-level analysis of the determination of economic aggregates, including nationalincome, employment, inflation and economic growth. This course will focus on both theory and applications. Theroles of monetary and fiscal policy, private sector shocks and the transmission of the same via the financial sector.Prerequisites: BA 203 or MATH 207, and EC 211. Three credits.EC 312 Intermediate MicroeconomicsThis course provides intermediate-level analysis of the determination of price, resource allocation and incomedistribution in different market structures as these may be affected by taxes and subsidies and other interventions.This course will focus on both theory and applications. Prerequisites: BA 203 or MATH 207, and ECON 212.Three credits.EC 340 Moral Foundations of Free EnterpriseA junior level course in moral foundations of a private property, free market-oriented economy. Develops whatwould be moral based on an examination of the behaviors that promote the flourishing of life of among egoisticagents acting in community. Topics cover the social evolution of law, property and contract, honest dealing andreputation, personal integrity, tolerance of others and compassion, and the challenges posed by the abundancemade possible by economic freedom in undermining these moral principles. Extensive use of seminar andexperience-based learning. Prerequisites: Sophomore-level standing and at least one business or economics course.Corequisite: ECLB 340. Three credits.EC 350 Money and BankingAn examination of money, credit, and banking, and of monetary policy. Topics include money and inflation, thedetermination of interest rates, bank management and lending, and bank safety and regulation. Prerequisites: EC211 and EC 212. Three credits.EC 450 International EconomicsAn examination of international trade and economic development. Topics include trade policy, internationalmonetary regimes, the determination of exchange rates, and international capital flows. Prerequisites: EC 211 andEC 212. Three credits.EC 471 Healthcare EconomicsThis course provides an overview of the issues in health economics and identifies challenges facing the Americanhealthcare industry today. It is designed for students with sufficient knowledge in consumer and producer theories.Applying microeconomic principles, we examine the structure of healthcare delivery and its financing, demand forhealthcare, the role and types of insurance, government regulations and healthcare reform. At issue is howhealthcare markets contrast with other markets in the economy. Prerequisites: EC 212 and BA 302 (or MATH208). Three credits.