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Economics

ECON

2023 -- Survey of Economic Issues -- 3 credit hours
A study of national and international economic issues such as market and command economic systems; agriculture subsidies; healthcare issues; green Gross Domestic Product and environmental pollution; Social Security; poverty; state of national economy; unemployment; inflation; budget deficit and national debt; the financial market; economics of higher education; feminist economic issues; regional economic integration; protectionism versus free trade; world poverty; developing countries' international debt; and the role of international institutions such as WTO, IMF and the World Bank.  Note: Students who have taken ECON 2043 or ECON 2033 may not take this course for credit.  Prerequisite: Mathematics course meeting/exceeding general education requirements, unless waiver requirements are met.  General Education: Core -- Inquiry & Analysis.

2033 -- Microeconomics -- 3 credit hours
A study of supply, demand, price, seller-market power, profit, consumer choice, specialization, efficiency, domestic and international trades, and distribution of income.  The role of middlemen, speculators, and the government in economy. Current economic controversies are discussed. Prerequisites: Sophomore standing and MATH 1013, unless mathematics waiver requirements are met.  General Education: Core -- Inquiry & Analysis.

2043 -- Macroeconomics -- 3 credit hours
A study of inflation, unemployment, national income, booms and busts, government budget deficit, money, monetary and fiscal policies, specialization, efficiency, trade, currency exchange, and balance of payment with other nations.  Prerequisites: Sophomore standing and MATH 1013, unless mathematics waiver requirements are met.  General Education: Core -- Inquiry & Analysis.

2203 -- Statistics for Business & Economics I -- 3 credit hours
Content includes descriptive statistics, survey of probability concepts, discrete probability distribution with emphasis on Poisson and binomial distributions, continuous normal distribution, simple random sampling, and sampling distribution.  Prerequisite: MATH 1013 with a minimum grade of C.

3103 -- Money & Banking -- 3 credit hours
Discusses the role of money in the economy; the commercial banking system; nonbank financial institutions; the financial market; portfolio choices; interest rates; the Federal Reserve system and its monetary policies; international finance; monetary theories; and rational expectations and its implications for public policy.

3203 -- Statistics for Business & Economics II -- 3 credit hours
Estimation and confidence intervals, hypothesis testing, analysis of variance, regression, analysis and correlation, non-parametric methods, time series and business forecasting, index numbers, quality control, and decision theory are reviewed.  Prerequisite: ECON 2203 with a minimum grade of C.

 

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