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USA Undergraduate/Graduate Bulletin 2014-2015


ECO 215    Principles of Microeconomics    3 cr   

Functions of the price system in a market economy; role of households and business firms in mobilizing resources to meet human needs. The functional and personal distribution and use of income. Relevant problems are discussed. Core Course.   

ECO 216     Principles of Macroeconomics    3 cr   

Economics as a science; its nature and functions. Analysis of the American economy from the macroeconomic viewpoint, stressing full employment, monetary and fiscal policy, national income accounting, and their application to current problems and issues. Core Course.   

ECO 300    Introduction to Economics    3 cr   

Intensive study of micro- and macroeconomic principles with emphasis on application to current economic issues and problems of interest to public school teachers and students. Pre-requisite: for non-business majors.   

ECO 315    Intermediate Microeconomics    3 cr   

Operation of the price system, with special reference to a market economy and to related public policies and business issues; analysis of the distribution of income; theories of consumer behavior, the firm, resource allocation, and product distribution. Pre-requisite: ECO 215 or ECO 300 for non-business majors.    

ECO 316    Intermediate Macroeconomics    3 cr   

The nature and control of forces in a developed economy that determine levels of employment, income and use of resources, and rate and direction of economic growth. Pre-requisite: ECO 216 or ECO 300 for non-business majors.   

ECO 318    Principles of Managerial Economics    3 cr   

Study of economic principles and methods in analyzing problems faced by management of a business or other type of organization; application of economic concepts to finding solutions of such problems that advance the best interest of such organizations. Pre-requisite: ECO 215 or ECO 300 for non-business majors.   

ECO 322    Industrial Structure and Public Policy     3 cr   

An analysis of the effect of modern industrial structure on competitive behavior and performance, in the light of contemporary price theory and the theory of workable competition; a critical evaluation of the legislative content, judicial interpretation, and economic effects of antitrust laws, current problems and proposed remedies. Pre-requisite: ECO 215 or ECO 300 for non-business majors.   

ECO 323    Public Finance    3 cr   

The nature, purposes, and economic effects of various types of taxes in a federal government. Problems of tax administration, budgeting, and expenditure of tax revenues. Review of current problems. Pre-requisite: ECO 215 or ECO 300 for non-business majors.   

ECO 330     Current Global Economic Issues     3 cr   

Application of standard economic theory of markets to analyze major issues confronting U.S. consumers and businesses in the global economy. Topics include comparative advantage, commercial policy and protectionism, currency markets and foreign exchange rates, economic integration and free trade areas, international trade accounting, and financial aspects of international trade. Pre-requisite: ECO 215 or ECO 300 for non-business majors.   

ECO 343    Labor Economics    3 cr   

United States population analyzed by age, sex, and other characteristics; study of the labor force and its composition; unemployment and underemployment. Education as an investment in productive resources. Economics of leisure, health, housing, recreation, and other areas of human-resource development. Pre-requisite: ECO 215 or ECO 300 for non-business majors.   

ECO 363     International Economics    3 cr   

Modern international trade theory; the balance of payments and adjustment processes; the evolution of international economic institutions; critical analysis of current international economic policies - trade, monetary, and regional economics organizations. Pre-requisite: ECO 215 or ECO 216 or ECO 300 for non-business majors.   
ECO 372    Economics of Urban Development    3 cr   
This course addresses contemporary issues of urban and metropolitan areas. The course focuses on understanding the main economic forces leading to the existence of cities and regional agglomeration. Students will also use neoclassical economic theory to critically analyze economic efficiency and the spatial structure of markets. The course includes a wide range of topics such as urban growth, business clusters, poverty, crime, urban transportation, positive and negative externalities in urban areas, land use theory, housing, and the role of local governments.   

ECO 383    Economic History of the United States    3 cr   

The evolution of the modern United States economic system. The parts played by exploitation of natural resources, investment from abroad, financial institutions, and technology in arriving at the present economic situation. Critical analysis of development just before, during and after World War II, and of current economic problems. Pre-requisites: ECO 215 and ECO 216, or ECO 300 for non-business majors.    
ECO 453    Introduction to Econometrics    3 cr   
Study of regression analysis and its application to business, economics, and other social-science problems; emphasis on model building, research writing, and econometric forecasting. Students are required to write a term paper on econometric applications under direct supervision of the instructor.   

ECO 490     Special Topics     3 cr   

Designed to provide senior students an opportunity to study selected topics of particular interest. Pre-requisite: Approval of department chair.   

ECO 491    History of Economic Thought (W)     3 cr   

Economic ideas from the Greeks to present, with intensive study of the classical, neoclassical, and contemporary schools of economic thought. Pre-requisites: EH 102 with a minimum grade of "C" and ECO 215 or ECO 300 for non-business majors.    

ECO 494    Directed Study in Economics    3 cr   

Reading and research on selected economic topics under guidance of the departmental faculty. Credit and Pre-requisites vary with the nature and magnitude of individual projects. Pre-requisites: Junior or senior standing, a cumulative GPA of 2.5 or better, and approval of the department chair following the evaluation of a written proposal.    

ECO 496    Economics Internship    3 cr   

The internship program is designed to give students practical experience in their field of study. Students complete directed projects under the supervision of Department Chair. No more than three  hours of internship credit may be counted toward a degree in the Mitchell College of Business. Pre-requisites: Junior or Senior standing, declared major in Finance, overall GPA of at least 2.5, and Internship Agreement signed by Department Chair.   

ECO 506    Economic Theory    3 cr   

An introduction to economic theory, including the basic theory of the market (supply and demand); elasticity; introduction to market structure; trade theory; international trade and balance of payments; national income accounting; money and the banking system; macroeconomic theories, and macroeconomic stabilization policy.   

ECO 507    Topics in Managerial Economics    3 cr   

Selected topics in application of economic theory to managerial decisions including production and cost functions; forecasting; international trade and protectionism; exchange rates and international finance; economic integration; basic game theory; and capital budgeting.   

ECO 590    Special Topics    3 cr   

Designed to provide graduate students an opportunity to study selected topics. (A student may count no more than 3 hours of Special Topics in the M.B.A. degree program). Pre-requisite: Approval of department chair.   

ECO 594    Independent Study in Economics    3 cr   

Readings and research on selected topics. Conferences and formal research report required. Pre-requisite: Approval of department chair.   
ECO 609    Industrial Organizational Economics    3 cr   
This course focuses on industrial organization topics such as consumer choice, market structure, and pricing. It is designed to give students fundamentals in economics and to help them start agendas.   
Department of Economics and Finance
Mitchell College of Business

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