Economics

COURSE DESCRIPTIONS

Classes

ECON 001 : Principles of Economics I

Introduction to macroeconomic analysis and its application to the American economic system. Includes such major topics as the economic role of government, the banking system, the determination and measurement of national income, economic growth, and elements of monetary and fiscal policies.

Credits

3

ECON 002 : Principles of Economics II

Continuation of Principles I. Considers the problem of scarcity and allocation of resources in a free enterprise economy, with special emphasis on the pricing behavior of business firms and households.

Credits

3

ECON 084 : Sophomore Departmental Honors

Sophomore Honors students undertake a course of independent study of economics under the guidance of one or more faculty advisors. Readings from textbooks, handbooks, monographs, and the scientific periodical literature are assigned in a specific area. (1 hr. each semester .)

Credits

1

Prerequisites

Sophmore standing & Honors Program

ECON 085 : Sophomores Honors

Sophomore Honors students undertake a course of independent study of economics under the guidance of one or more faculty advisors. Readings from textbooks, handbooks, monographs, and the scientific periodical literature are assigned in a specific area. (1 hr. each semester .)

Credits

1

Prerequisites

Sophmore standing & Honors Program

ECON 089 : Junior Honors

Junior Honors students undertake a course of independent studyof economics under the guidance of one or more faculty advisors. Readings from textbooks, handbooks, monographs, and the scientific periodical literature are assigned in a specific area. (1 hr. each semester .)

Credits

1

Prerequisites

Junior standing & Honors Program

ECON 093 : Senior Honors

Senior Honors students undertake a course of independent study of economics under the guidance of one or more faculty advisors. Readings from textbooks, handbooks, monographs, and the scientific periodical literature are assigned in a specific area. (1 hr. each semester .)

Credits

3

Prerequisites

Senior standing & Honors Program

ECON 095 : Internship

Opportunity for students to work closely with advisor on research opportunities

Credits

3

ECON 120 : Foundations of Microeconomics

Studies the price system in a market-oriented economy, with special emphasis on theories relating to the consumer and firm behavior, demand, market organization, production, cost, distribution, and economic welfare

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 121 : Advanced Microeconomics

Examines rigorous and mathematical development of the fundamental concepts in microeconomics and game theory. Continue to develop a way of thinking that underlies all aspects of economic analysis entirely dependent on math skills and broadly applicable to many facets of life in business, politics as well as personal decision making.

Credits

3

Prerequisites

ECON 170 Minimum grade C

ECON 122 : Mathematics for Economists

Reviews fundamental mathematical methods used in static and dynamic economic analysis, including matrix algebra, partial/total differentiation, nature of exponential and logarithmic functions, concavity and convexity, methods of static optimization (with constraints), integral calculus, linear and nonlinear differential/difference equations, phase diagrams, and stability analysis.

Credits

3

Prerequisites

MATH 005 and MATH 006 or Higher with Minimum grade C

ECON 123 : Econometrics I

Provides a fundamental analysis of econometric methods and applications. Goal is to empower students a theoretical and practical knowledge econometrics methods to conduct empirical research in economics and business.

Credits

3

Prerequisites

ECON 184 Minimum grade C

ECON 124 : Econometrics II

Covers multiple regression theory and methods in cross-sectional econometrics and analysis of univariate and multivariate time series. This covers modeling of stationary and linear models as well as optimal forecasting methods. A strong background in the statistics/econometrics and familiarity with the matrix algebra is expected.

Credits

3

Prerequisites

ECON 123 Minimum grade C

ECON 132 : Political Economy

Examination of the links between economic and political processes, along with an extension of economic theory beyond its traditional boundaries in order to consider the various political processes through which economic processes are either altered or transformed.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 138 : Seminar in Community Dev.

Examines theories of leadership, community building, and activities of community development organizations that seek to address the needs of distressed low-income minority communities

Credits

3

Prerequisites

Community Development Major or Minor

ECON 158 : Health Economics

Apply microeconomic analysis to health care. Topics include the determinants of health, health externalities, health insurance, the supply and demand health care, health quality and regulation, and also disparities in healthcare and delivery for poor and the minorities.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 160 : Applied Econ Analysis

Apply the tools of economic analysis in family and labor markets, including wage differentials, gender/race inequalities, occupations and earnings, labor force participation and economic mobility. Economic theories that explain human capital choices, discrimination, marriage, fertility and family decision making are also introduced.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 170 : Intermediate Microeconomics

Study of the price system in a market-oriented economy, with special emphasis given to theories relating to the consumer and firm behavior.

Credits

3

Prerequisites

ECON 002 Minimum grade C

ECON 171 : Intermediate Macroecon Theory

Builds upon the material covered in ECON 001 and examines in greater depth the tools of macroeconomic analysis and how they may be used to analyze the interaction between such macroeconomic variables as private consumption, private investment, public spending, money supply, inflation, and unemployment.

Credits

3

Prerequisites

ECON 001 Minimum grade C

ECON 175 : History of Economic Thought

Survey of the history of economic thinking from ancient Graeco-Roman economics to the classical school, including criticism and the consequences of their influence upon the evolution of neoclassical doctrines and the development of present economic thought.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 179 : Economic Growth

Explores the factors influencing economic growth, covering topics such as growth theories, development disparities, poverty, government policies, democracy's link to growth, and the impact of institutions, geography, and culture on long-term progress. Students will gain insights into global economies and understand how historical trends and determinants have shaped nations' prosperity.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 180 : Statistics-Bus & Econ

Examines basic statistical methods and their use for economics and business, including averages, measures of dispersion, testing hypotheses, elementary probability theory, index number, time series analysis, and simple correlation, with emphasis placed on descriptive statistics.

Credits

3

Prerequisites

Minimum grade C for MATH 005 or MATH 006 or higher

ECON 181 : Stat Prog Financial Lit

Explores foundational data preparation and analysis needed to support research in economics, finance, and related fields such as policy analysis in business and government. Data management and descriptive analysis with the statistical programming using R.

Credits

3

Prerequisites

ECON 184 Minimum grade B

ECON 183 : Mathematical Economics

Mathematical exposition of the basic theories of economic behavior.

Credits

3

Prerequisites

MATH 005 and MATH 006 or Higher with Minimum grade C

ECON 184 : Intro to Econometrics

Introduction to econometric theory and techniques. First part of the course deals with theory of the two-variable regression model and technical practices of its application. Extension to a three-variable model illustrated and analyzed. Special topics such as use of lagged and dummy variable, and problems such as multicollinearity, autocorrelation, and hetero-skedasticity are considered.

Credits

3

Prerequisites

ECON 180 Minimum grade C

ECON 185 : Labor Economics

Analysis of institutions concerned with utilization of human resources, the growth, organization, and objectives of management and trade unions, and major labor issues and problems, including those connected with collective bargaining.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 186 : Economic Development in Africa

Survey of economic issues in Africa, including an analysis of the transition to a market economy, the development of trade, industry, and agriculture, and the theory and policy of economic development and planning.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 188 : The Econ of Blk Community Dev

Economic analysis of the problem of rapid technological change under the condition of oligopolistic pricing and the effects upon the well-being of the labor force, with particular reference to the black community. Special attention is given to the problem of economic and financial reorganization of the ghetto economy, together with the problem of shifting to labor-using capital expansion to create employment and raise real income in the black-owned sector.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 189 : Industrial Organization

Examines the organization of American industry under various states of the market, including antitrust cases.

Credits

3

Prerequisites

ECON 170 Minimum grade C

ECON 190 : Public Finance

Designed to acquaint students with the role of the government (federal, state, and local) in the economy. Fundamentally aims to equip students with the prevailing theories and practices of fiscal institutions in our economy, with emphasis on their allocation, distribution, and stabilization functions.

Credits

3

Prerequisites

ECON 170 Minimum grade C

ECON 191 : International Economics

Discusses such topics as national specialization and international exchange, the significance of international trade to various countries, financial problems, economic development, and common markets.

Credits

3

Prerequisites

ECON 170 Minimum grade C

ECON 194 : Theory of Economic Development

Treats the theories, models, and patterns of economic development of advanced and less developed economies and analyzes the economic and noneconomic variables that influence economic development, including some historical theories and approaches to economic development.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 195 : Money & Banking

Introduction to the study of money, credit, interest rates, and banking, both within and outside of the FRS, with major emphasis on the structure and operations of commercial banks and activities of the FRS.

Credits

3

Prerequisites

ECON 171 Minimum grade C

ECON 196 : Monetary Analysis

Designed to acquaint the student with the principles of monetary theory and this application to the economy, examines the theory of money supply and demand and its effects on macroeconomic models.

Credits

3

Prerequisites

ECON 171 Minimum grade C

ECON 197 : Econ Probs of Western Europe

Analysis of the development of the economies of Western Europe with special reference to the period following World War II.

Credits

3

Prerequisites

ECON 171 Minimum grade C

ECON 199 : Intro to Urban Economics

Analysis of the special economic problems of urban regions, e.g., growth and development, a hierarchy within a system of urban regions, housing, transportation, urban poverty, and local public finance. Emphasis is on the economics of the spatial order within and among urban regions.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 701 : His Econ Thght-Wrtg

Survey of the history of economic thinking from ancient Graeco-Roman economics to the classical school, including criticism and the consequences of their influence upon the evolution of neoclassical doctrines and the development of present economic thought.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 788 : Econ of Black Comm Dev- WRTG

Economic analysis of the problem of rapid technological change under the condition of oligopolistic pricing and the effects upon the well-being of the labor force, with particular reference to the black community. Special attention is given to the problem of economic and financial reorganization of the ghetto economy, together with the problem of shifting to labor-using capital expansion to create employment and raise real income in the black-owned sector.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 799 : Intro to Urban Economics-WRTG

Analysis of the special economic problems of urban regions, e.g., growth and development, a hierarchy within a system of urban regions, housing, transportation, urban poverty, and local public finance. Emphasis is on the economics of the spatial order within and among urban regions.

Credits

3

Prerequisites

ECON 001 and ECON 002 Minimum grade C

ECON 890 : Study Abroad

Study Abroad. Experiences vary by department, topic, semester, and locale.

Credits

3 - 12

Prerequisites

Department Approval