Economics

Name Title Credits School
ECON 501 Principles of Economics I 1.5 School of Management
A study of basic economic concepts emphasizing analysis of the aggregate economy. The fundamental concepts of national income and its determination, economic fluctuations, monetary and fiscal policies, and economic growth are covered.

ECON 510 Principles of Economics II 1.5 School of Management
An examination of the processes of price determination, output, and resource allocation in perfect and imperfect competition. Also covers labor economics, international trade and finance, and alternative economic systems.

ECON 595 Survey of Economics 3 School of Management
A basic introduction to economic analysis, with emphasis on the problems and issues of a modern economy.

ECON 601 Managerial Economics for Decision Making 3 School of Management
Application of economic theory and quantitative methods to business decision making. Topics: consumer choice, product demand, marginal pricing, neoclassical and linear production theory, market structure, and choice under imperfect information. Use of empirical techniques and model building for business analysis and forecasting using standard econometric software package is also addressed.

Prerequisite Course(s): Prerequisite: ECON 501, ECON 510, QANT 510

ECON 610 Macro Environment of Business 1.5 School of Management
This course covers topics on national income accounting, financial markets, cyclical fluctuations, policy analysis, and forecasting. Economic forecasts and the impact of governmental policies on economic activities using the Fair Model are discussed.

Prerequisite Course(s): Prerequisite: ECON 501 or waiver

ECON 620 Microeconomic Industry Analysis 1.5 School of Management
This course introduces students to applied econometrics and model building for policy analysis and forecasting. Demand models are developed to demonstrate the econometric and forecasting methods and utilize an industry standard econometric software package.

Prerequisite Course(s): Prerequisite: ECON 501 and QANT 501 or a waiver

ECON 710 Macroeconomics 3 School of Management
A detailed examination of the relationship involving consumption, investment spending, the impact that government and international economic transactions have on the economy, and the special role that money and interest rates play in determining output and employment levels. Also, the course analyzes the phenomena of productivity and economic growth, including a discussion of the major theoretical approaches to these issues.

ECON 720 Applied Business Forecasting 3 School of Management
This course studies the various business and economic forecasting methods and techniques. Single and multiple equation regression and time series methods are studied. The techniques are used to forecast the cyclical behavior of the overall economy as well as industry production and sales. The course will utilize applied quantitative techniques and employ software packages and Internet based applications. An applied forecasting project is required from each student.

Prerequisite Course(s): Prerequisite: QANT 601

ECON 742 Labor Economics 3 School of Management
The focus of this course is the macro and microeconomic aspects of the labor market. Included are the examinations of the economic, demographic, and technological factors affecting the nation's workplaces. Key issues of wages and employment are considered from the perspective of labor market theory. Other topics include productivity, unemployment, education and training, occupational choice, and government sponsored human resource programs.

ECON 745 World Trade in Goods, Services, and Assets 3 School of Management
This course reviews theories of trade and explains the institutional arrangements that shape international trade in goods, services, and assets. Various trade strategies are considered and their effects on economic growth are discussed. Free vs. managed trade agreements are reviewed. International capital markets and foreign exchange markets are studied to clarify the relationships between capital flows and potential financial crisis. The strategic role of multinational corporations in international trade is evaluated.

Prerequisite Course(s): Prerequisite: ECON 595 and QANT 595

ECON 760 Global Comparative Economic Performance 3 School of Management
This course is designed to bridge the gap between the abstract theoretical models and the practical data based needs of decision makers. It is also intended to provide decision makers with a compact and consistent framework for a sophisticated reading of economic signals for the gauging of the state of the global economy. A small subset of economic indicators will be used to capture the essence of the bewildering stream of economic signals about performance and trends in economic activity. This course examines sources of international economic information for the monitoring of trends in international economic performance by regions and sectors. Global competitive reports are used to gain a comprehensive world economic outlook.

Prerequisite Course(s): Prerequisite: ECON 595 and QANT 595