ECO - Economics

This course surveys topics drawn from both macro- and microeconomics. Students explore big questions in economics, such as: How do individuals, firms, and governments make choices? What is economic rationality? How do markets function? Under what conditions do markets work well? What types of policies do governments use and how do they impact us? What data can we use to learn more about the state of the economy and how do we interpret such data? Finding answers to these questions will help students to make better decisions both professionally and academically. Pre-requisite(s): None. Co-requisite(s): None. 5 quarter hours

This course provides an overview of macroeconomics and microeconomics and an understanding of how individuals, firms, and the government make decisions. It also explains how the market economic system works. Additionally, this course examines management decisions under different market structures and the impact of government intervention on markets. Finally, this course discusses gross domestic product and national income, inflation, unemployment, economic growth and business cycles, and the impact of fiscal and monetary policies on the economy. Pre-requisite(s): None. Co-requisite(s): None. 5 quarter hours

This introductory course examines the issues of globalization and development through the interdisciplinary lens of economics, geography, and history. Students explore the principles of economics from a non-technical perspective and examine the costs and benefits of globalization; discover economic geography, with an emphasis on the distribution of human populations and natural resources, as well as the challenges related to the use of renewable and non-renewable resources; and debate the role of technological progress in our history and global economic development. Pre-requisite(s): None. Co-requisite(s): None. 5 quarter hours

This course is an analysis and study of economic behavior of the individual unit, i.e., the firm and the rational consumer. Microeconomics principles addressed include decision making of the firm, the household, labor, international trade, education and poverty. Special emphasis will be placed on the theory of supply and demand. Prerequisite: MTH 101 or equivalent. 5 quarter hours

This course provides the basics of microeconomics with particular case study of, and application to, the services industry. Theory and application focus on markets, the price system, and resource allocation, as well as on price determination in competitive and imperfectly markets. Labor market, environmental, and other regulatory competitive issues are also addressed. Prerequisite: ECO 310 NOTE: This course replaces ECO 311 in previous curricula.

In this course students explore selected economic concepts and the relevance and application of such concepts at an organizational/individual firm level and decisions made by the managers. Topics covered in this course are drawn from both micro- and macroeconomics and include economic markets and competition; the power of incentives; importance of information in decisions; unemployment and inflation; measurement of a nation’s economic productivity; fiscal and monetary policy; globalization and trade; and issues of current interest in economics. Pre-requisite(s): BUS 430 or permission of Program Chair or designate. Co-requisite(s): None. 5 quarter hours