ECN - Economics

ECN 120 Principles of Macroeconomics

Investigates the determinants of national output, the unemployment rate, and inflation, as well as the use of monetary and fiscal policies to regulate the economy. Examines international trade and determinants of exchange rates.

3

ECN 121 Principles of Microeconomics

Analyzes the behavior of consumers, workers, and firms in market economies. Examines issues in the context of both competitive and monopolistic markets, with a comparison of the way in which prices and output levels are determined in different markets. Extends analysis to include the role of government in market economies.

3

ECN 310 Econometrics

Applies statistical methods to economic or financial data to investigate the validity of hypotheses or theoretical models. Develops various techniques used in multiple regression analysis of time series and cross-section data.

3

Prerequisites

BUS 101, ECN 120, ECN 121, MTH 121, and MTH 161

ECN 319 Intermediate Microeconomics

Draws on the knowledge of economic theory, statistics, and calculus to provide managers with applicable tools for decisions regarding prices, production, and efficient resource allocation. Through problem-solving and hands-on projects, students learn the role of quantitative tools and economic theory in modern management.

3

Prerequisites

BUS 101, ECN 120, ECN 121, MTH 121, and MTH 161

ECN 320 Intermediate Macroeconomics

Studies macroeconomic theories, including those about the determinants of output, the unemployment rate, and the inflation rate in the short run, and those about the rate of economic growth in the long run. The predictions of these theories will be contrasted with economic experience in the US and elsewhere.

3

Prerequisites

ECN 120, ECN 121

ECN 322 Environmental Economics

Provides economic analysis of public policy issues in resource utilization and environmental quality, considering political and macroeconomic aspects of environmental policy. Discussion includes externalities, the Tragedy of the Commons, property rights, benefit-cost analysis, and local water and air pollution issues. In addition, analyzes global problems such as global warming.

3

Prerequisites

ECN 121, Junior status.

ECN 325 Metrics for Sustainability

Covers current analytical frameworks and tools that leading-edge organizations are using to benchmark and improve environmental, social and financial performance. Includes environmental and social valuation techniques, life cycle analysis, and carbon footprinting. Features local case studies.
3

Prerequisites

ECN 120 or ECN 121

Cross Listed Courses

ENV 325

ECN 326 Climate Change Economics

This course will examine the (expected) impacts of climate change, discuss mitigation of and adaptation to climate change and associated challenges. The role of uncertainty for climate change decision-making will be highlighted. The course will draw on diverse disciplinary perspectives within the social sciences with an emphasis on economics.

3

Prerequisites

ECN 121; ECN 120 recommended

ECN 327 Market Power: Origins, Structures and Consequences

Students will study factors that give firms/individuals market power as well as the consequences of unequal market power. Students will study strategic behavior among firms (price discrimination, product selection, intellectual property, and investment decisions) and the role of government policy in imperfectly competitive markets. Focuses on producer and consumer behavior when assumptions of perfect competition are violated.

3

Prerequisites

ECN 121

ECN 424 Income Inequality

Examines the determinants of incomes in market economies, including education, training, experience, hours worked, discrimination, inheritance, unions, and government transfers. Studies causes of change in the extent of inequality and social impacts of inequality. Analyzes government policies to reduce inequality, including anti-poverty policies.

3

Prerequisites

MTH 161, ECN 121 or permission of instructor.

ECN 425 Applied Economic Research

Teaches skills needed for applied economic research. Students complete an empirical research paper, one that is theory-based and supported by data analysis. To build their research skills, students learn to develop a research proposal, write a literature review, find relevant data, and analyze that data using econometrics, or simulation, among other methodologies. Economics capstone.

3

Prerequisites

ECN 310, ECN 319, ECN 320; Senior Status

ECN 426 Comparative Economics

Examines major economies of the world from a historical, theoretical and applied perspective. Students will analyze how different national economic systems have evolved through time as changing economic ideas and practices spread across national boundaries.

3

Prerequisites

ECN 120, ECN 121 or permission of instructor.

ECN 429 Development Economics

Students will analyze how nearly half the world's population has come to live on $2 per day or less, as well what can be done in developing countries to try to lift and help people lift themselves out of extreme poverty. Includes an examination of the roles of education, income distribution, the rural and urban sectors, technology, investment, financial markets, foreign trade, domestic institutions, and international institutions.

3

Prerequisites

ECN 120, ECN 121

ECN 430 Psychology & Economics

Analyzes how departures from the classical assumptions of human behavior (perfect rationality, self-interest, etc.) affect economic decision-making with a focus on experimental economics and real-world problems such as natural resource management, fighting poverty, and the impact of “fair” wages.
3

Prerequisites

MTH 161; ECN 120 or ECN 121

ECN 431 Health Economics

Applies economic theory to the study of how best to promote health for all. Focuses on the decisions and institutions that influence the demand for and the production of health. Includes an evaluation of the roles of consumers, the environment, physicians, hospitals, insurers, and pharmaceutical companies. Evaluates government policy aimed at improving health, including the Affordable Care Act.
3

Prerequisites

ECN 121

ECN 440 International Economics

Examines how trade among nations takes place and why free trade may improve standard of living for all nations. Discusses payments among nations, i.e., the balance of payments and determination of currency values in the international markets.  Considers the effects of trade barriers and domestic monetary and fiscal policies.

3

Prerequisites

ECN 120, ECN 121, MTH 161

ECN 490 Directed Study

Guided inquiry for superior students to pursue a particular subject area more intensively than course offerings permit. By special arrangement with economics faculty.

Credit arranged.

ECN 491 One Time Course Offering

In the semesters in which offered, varying subject matter as economics faculty deems appropriate for needs of the student in meeting the objectives of the undergraduate business program.

Credit arranged.

ECN 492 One Time Course Offering

In the semesters in which offered, varying subject matter as economics faculty deems appropriate for needs of the student in meeting the objectives of the undergraduate business program.

Credit arranged.

ECN 499 Senior Thesis

Research study or original work under the direction of a faculty mentor, leading to a scholarly thesis document with a public presentation of results. Requires approval of thesis director, department chair, dean, and the director of the honors program, when appropriate.

Credit arranged.

Prerequisites

Senior and 3.0 G.P.A. in the thesis area or good standing in the honors program.