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ECN 100 Introduction to Economics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
An introduction to economic way of thinking covering a survey of micro and macro economics including basic data sources. | 3 | 0 | 0 | 0 | 0 |
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ECN 137 World Economic Geography
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
A study focusing on economic activity at the local, national and world levels, including developing nations as well as the geography of highly developed economies such as the United States and Canada. Geographic study of economic organizations and their classification with respect to resource endowment and utilization. Topics such as production, distribution and consumption of selected commodities, representing the use of resources in the framework of evolving and existing technology and culture are also included in discussions. | 3 | 0 | 0 | 0 | 0 |
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ECN 295 Microeconomic Principles
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Study of the scope and method of economics. The course focuses on: the allocation of resources and economic efficiency in production, demand and supply in consumption, pricing system, competition and monopoly, the pricing of factor services, and the distribution of income. | 3 | 0 | 0 | 0 | 0 |
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ECN 296 Macroeconomic Principles
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Study of the scope and method of economics. Course topics include: measures and determinants of the level of aggregate income and demand, inflation, employment, economic development; monetary institutions and money supply, monetary policy; taxes, government borrowing; expenditures, fiscal policy, international trade and alternative systems of economic organization. | 3 | 0 | 0 | 0 | 0 |
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ECN 305 Money and the Financial System
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
Introduction to international financial system, balance of payments, exchange rates and external currency markets. Course topics include: the nature and economic role of money and credit, financial intermediation and its control by monetary authority, financial markets, institutions and instruments, interest rate theory, level and term structure, yield curve strategies, control of monetary aggregates and their relationship to employment and prices, and controversies in monetary policy. | 3 | 0 | 0 | 0 | 0 |
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ECN 307 Business Economic Analysis
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
Students are introduced to various techniques and forms of business analysis in the public sector; discussion of aggregate forecasting and determining market factors that affect business performance. | 3 | 0 | 0 | 0 | 0 |
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ECN 315 Intermediate Microeconomics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
An extension and elaboration of elementary price and allocation theory with emphasis on techniques and methods of analysis. Covers topics, among others, that include: the principle of optimization in consumption, production and distribution, behavior of firms, market structure and function, factor markets, and programming and activity analysis. | 3 | 0 | 0 | 0 | 0 |
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ECN 316 Intermediate Macroeconomics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
An extension and elaboration of elementary aggregate income and employment analysis. Focuses on: aggregate income and product accounts, aggregate demand, aggregate supply and general static equilibrium of the product and money markets, growth and instability in economic activity, stabilization through the application of fiscal and monetary policies, and simple dynamic models of growth. | 3 | 0 | 0 | 0 | 0 |
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ECN 344 International Economics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
A survey course of international trade and international finance. Class discusses problems such as comparative advantages, tariffs, quotas, balance of payments and exchange rate systems. | 3 | 0 | 0 | 0 | 0 |
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ECN 347 Economic Development
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
An explanation of alternative approaches to economic growth for both developed and underdeveloped countries. Focuses on: meaning, measurement and theories of development; factors contributing to economic growth, government policies, welfare issues in economic development and a critique of current development policies. | 3 | 0 | 0 | 0 | 0 |
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ECN 348 Business Forecasting
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 316 and statistics.
Introduction to the techniques of business forecasting. Class examines short run models and aggregate forecasts for major sectors of the economy, with applications to particular industries and long run predictions. | 3 | 0 | 0 | 0 | 0 |
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ECN 355 Classical Ideas in Economics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
A critical overview of some of the most influential thinkers in the history of economic doctrine. | 3 | 0 | 0 | 0 | 0 |
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ECN 358 Money and Capital Markets
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 305
A study of the U.S. financial system using a flow-of-funds approach. Class analyzes the nature and role of all financial institutions and markets and the policies of the Federal Reserve and Treasury operations. | 3 | 0 | 0 | 0 | 0 |
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ECN 376 Monetary and Fiscal Policy
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 296, ECN 305 or consent of instructor.
An analysis of the expected consequences of monetary and fiscal policies on investment, production, employment, pricing, balance of payments and economic growth. The course also covers some of the structural, allocational and political constraints. | 3 | 0 | 0 | 0 | 0 |
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ECN 385 Comparative Economic Systems
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
An inquiry into the relative efficiencies, merits and demerits of the most typical institutions, structure, functioning and performance of diverse economic systems. The economic systems studied include the capitalistic free-market, market-socialistic and centralized-planned. Economic models are then applied to a study of representative economies such as the U.S., U.K., France, Norway and Sweden, the former USSR and China. Deals with fundamental economic problems, such as choices between goals, the allocation of resources, the maintenance of full and stable employment and production, capital accumulation, technological advancement, income distribution, and consumer welfare. | 3 | 0 | 0 | 0 | 0 |
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ECN 391 Washington Seminar
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
Co-requisite: ECN 394. A required course taken in conjunction with the Washington Center Internship. Classes are offered through the Center one evening a week in Congressional studies, policy evaluation, law, and justice studies. | 3 | 0 | 0 | 0 | 0 |
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ECN 394 Washington Internship
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
Co-requisite: POL 391.Full-time placement in government agencies, public interest law firms, congressional committees, foreign affairs lobbies, and the public communications media. Arranged through the Washington Center in the area of the student?s interest. Open to Majors and non-majors with second semester sophomore status and 2.5 QPA. Only nine hours count toward the major although all count toward graduation. Admission at the discretion of the political science faculty. Shorter seminars available for reduced credit. Summer sessions available for 7 credits. | 3 | 0 | 0 | 0 | 0 |
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ECN 395 Directed Reading and Research in Economics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 315
ECN 316
and quality-point average of at least 2.60 in economic courses; open to students in their senior year with written approval of faculty supervisor and department chairman.
Reading and research in economics in an area elected by the student and supervised by a faculty member of the students choice. The reading and research program must be presented in writing by the student and his/her faculty supervisor to the department chair for approval within two weeks after the first day of classes in the term. | 3 | 0 | 0 | 0 | 0 |
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ECN 410 Mathematics for Economists
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
Examines the following: sets, the axioms of algebra, equations, functions, and series; compound interest; the fundamentals of differential and integral calculus; the elements of linear algebra and linear programming; the structure and reduction of mathematical models in economics; linear algebra and the calculus of variations; differential and difference equations; linear and non-linear optimization approaches when applied to economic models; dynamic economic models and economic stabilization conditions. | 3 | 0 | 0 | 0 | 0 |
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ECN 415 Econometrics I
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 316
Statistics
Examines the following topics: ordinary least squares, multi-collinearity, dummy variables, specification error, auto-correlation and the Durbin-Watson test, the heleroscedaticity problem, and the distribution lag model. | 3 | 0 | 0 | 0 | 0 |
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ECN 420 Labor Economics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
Examines the following topics: determinants of the demand for and supply of labor; the changing labor force market; time-allocation models; wage structure; occupational, industrial and geographical wage differentials; the wage-price unemployment problem; the impact of unionism; the implications of wage-price policies; structural unemployment and the problems of maintaining full employment. | 3 | 0 | 0 | 0 | 0 |
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ECN 430 Performance of U.S. Industry
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295 or consent of instructor.
An application of microeconomic theory to the analysis of market structure, conduct and performance of American industries. Examines topics such as: size and efficiency of firms, competitive behavior and market entry, product differentiation and advertising, integration and merger, the behavior of conglomerates, market power, coordination and administered prices, innovation, technological development and investment, the impact on resource allocation, consumer satisfaction and income distribution. | 3 | 0 | 0 | 0 | 0 |
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ECN 435 The Economic History of the United States
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
A survey of the economic development of the United States. Course topics include: the geographical setting, the economy of the colonial period, the impact of political independence and the industrial revolution, the development of monetary and financial institutions, capital accumulation, advancement in technology and business organization, the growth of large scale production, the labor movement, business concentration, instability, the growing economic role of government, and contemporary trends and problems in their historic context. | 3 | 0 | 0 | 0 | 0 |
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ECN 440 Economics of the Public Sector
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
An in-depth examination of the role of the public sector in a market–based and market-driven economy like the U.S. Course topics include: efficiency criteria in public decision-making; budgeting; priority setting; economic analysis of the incidence and economic effects – in particular, on resource allocation and income distribution as well as the intricate issue pertaining to the relations in inter-governmental agencies. | 3 | 0 | 0 | 0 | 0 |
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ECN 445 Foundations of Free Enterprise and Radical Criticism
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Seminar on issues covering workplace alienation, worker management, private ownership of the means of production, political power and economic decision making. Emphasis is on faculty papers, student essays and small group interaction. (Honors only or consent of Economics chair.) | 3 | 0 | 0 | 0 | 0 |
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ECN 451 Urban Regional Economics and Planning
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
Application of economic analysis to urban goals, problems and interactions. Course topics include: growth, income levels, income distribution, and stability in urban economy; employment, poverty, and local finance; transportation, housing, and land use; interactions and opportunity cost of goals; problems and solution in terms of labor markets; the price system; multipliers, and industrial and occupational mix; interrelationships of physical planning and financial and socioeconomic constraints; patterns of governmental support for urban renewal and development. | 3 | 0 | 0 | 0 | 0 |
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ECN 452 Seminar in Market Economics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
Acquaint the student with the various currents of modern economic thought using original sources. The various schools of modern economic thought will be explored with an emphasis on market economics. The course materials will address topics in both microeconomics and macroeconomics. The course presumes that the student has taken both microeconomics and macroeconomics. | 3 | 0 | 0 | 0 | 0 |
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ECN 455 The Economics of Regulation
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
The course examines the economics of legal and social rationale for governmental regulation. Course topics include: public utilities and the regulation of the rate level, rate basis and structure, the economic principles of ratemaking, the expansion of regulation to quasi-utilities, regulation with respect to product quality and performance, regulatory agencies, and policy recommendations. | 3 | 0 | 0 | 0 | 0 |
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ECN 460 Economic History of Europe
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295 and 296 or consent of instructor.
A study of the evolution of economic institutions, organizations, problems and policies in modern and contemporary Europe. Course topics may include: the development of market economies, mercantilism, the Industrial Revolution, the rise and decline of laissez-faire, the labor movement, the economic impact of the two world wars, the growing economic role of governments, totalitarian governments, state capitalism, central planning, and economic integration. | 3 | 0 | 0 | 0 | 0 |
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ECN 464 Practical issues in Financial Economics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
Consideration of capital structures, debt and equity, business costs and financing methods are discussed in the context of mergers, acquisitions and financial forecasting for business/industry. The case study approach of analysis will be used to view various models of financial economic considerations. | 3 | 0 | 0 | 0 | 0 |
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ECN 465 Economics of International Trade
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
A study of the foundation, advantages, problems of international specialization/trade and the accelerated pace of globalization process among world economies. Course topics include: the rise of multinational and transnational firms, absolute and comparative advantages in production, distribution and consumption, differences in cost and price relations among countries, foreign exchange rates, the terms of trade and trade balances, international cartels and commodity agreements, import quotas and bilateral or multilateral agreements, tariffs, and relations between domestic and international economic policies. | 3 | 0 | 0 | 0 | 0 |
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ECN 466 International Finance
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 305 or consent of instructor.
An analysis of the monetary and financial framework of international trade. Course topics include: international payments methods and money markets; fluctuations in foreign exchange rates, devaluation, and exchange control; capital movements, international borrowing, and debt; balance of payments problems and gold flows; the International Monetary Fund and the World Bank; plans for international monetary reform. | 3 | 0 | 0 | 0 | 0 |
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ECN 470 Special Problems in Economics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 315 and 316 or consent of instructor.
An intensive study of some special problems in economics, directed by members of the regular faculty or visiting professors. | 2-4 | 0 | 0 | 0 | 0 |
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ECN 475 Natural Resource Economics
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 295
ECN 296
Examination of the economic principles and theories of the production and uses of natural resources. It analyzes the impossibility/probability/likelihood of resource repletion as based on economic rationale. Both renewable and non renewable resources such as land, water, mineral, energy, food, the environment as well as the topic of population growth are studied for economic growth/development, both in developing and developed countries. | 3 | 0 | 0 | 0 | 0 |
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ECN 546 Money and Capital Markets
| Credit Hours | Recitation/Lecture Hours | Studio Hours | Clinical Hours | Lab Hours |
Prerequisites:
ECN 510
ECN 512
A flow of funds approach to the study of financial institutions and markets. Analysis of the nature and role of monetary and non-monetary financial institutions. Effects of cyclical and secular changes in business activity. Federal Reserve policies and treasury operations in the financial markets. Inter-working of financial and non-financial markets. | 3 | 0 | 0 | | |
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