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ECON 101. Economics Survey ∙ 3 credits
Provides the student with a survey of the primary insights of economic theory, including national income accounting, income determination, unemployment, inflation, monetary policies. Interconnection between government, business and individuals including practical applications for living in a market economy will be explored.
ECON 201. Principles of Macro-Economics ∙ 3 credits
Introduction to national income accounting, income determination, unemployment, inflation and monetary fiscal policy problems of business cycles and economic growth.
ECON 202. Principles of Micro-Economics ∙ 3 credits
A study of behavior of individual economic units, such as the household and the firm, together with various market structures of product and resource markets.
ECON 307. Money, Banking and Financial Institutions ∙ 3 credits
Money and financial institutions in structure and movements of general economic system, monetary theory and growth, and selected domestic and international monetary economics. Prerequisites: ECON 201, 202.
ECON 312. Intermediate Macroeconomic Theory ∙ 3 credits
Analysis of factors determining the level of output, employment and the rate of inflation; study of consumption, investment, money and interest; analysis of business cycles, stabilization policies and growth models. Prerequisites: ECON 201, 202.
ECON 313. Intermediate Microeconomic Theory ∙ 3 credits
Emphasizes economic efficiency, focusing attention on resource pricing, employment, how prices function so as to allocate resources among competing alternatives, and evaluating and criticizing economic controls of government over prices and production. Prerequisites: ECON 201, 202.
ECON 314. History of Economic Thought ∙ 3 credits
Survey of economic thought from Plato and Aristotle to present days. Emphasis on Middle Ages, Mercantilists and Physiocrats, Adam Smith, Malthus, Ricardo, Mills, Marx, Austrian school and Marshall. Prerequisites: ECON 201, 202.
ECON 316/FNCE 316. Real Estate Economics and Finance ∙ 3 credits
Analyzing the area of real estate by examining the terms and concepts as commonly applied within the business environment. Topics include the legal characteristics of real estate, financing media, location theory, ownership, contracts and rights. Prerequisites: FNCE 300.
ECON 321. Labor Economics ∙ 3 credits
Fundamentals of the economy of labor, its impact on industrialized society including wages, standards of living, unemployment and occupational hazards, social security and workman's compensation, labor-management relations and labor legislation. Prerequisites: ECON 201, 202 and 313.
ECON 323. Public Finance ∙ 3 credits
Theory of public goods, externalities, distribution of income, fiscal politics, public expenditure evaluation, efficient pricing, taxation, welfare, intergovernmental grants. Prerequisites: ECON 201, 202.
ECON 325. Urban and Regional Economics ∙ 3 credits
Economic theories of the nature and function of cities, with emphasis on theory of location; theory of urban and regional planning in a market economy; examination of selected problems such as housing, land-use, transportation, urban history, regional development and fiscal federalism. Prerequisites: ECON 201, 202.
ECON 327. Industrial Organization ∙ 3 credits
Effect of industrial market structure on market behavior and on economic efficiency, firm motivation, vertical firm relationships, measuring the degree of competition, price discrimination, advertising, invention and innovation. Prerequisite: ECON 202.
ECON 329. Economic Development and Growth ∙ 3 credits
Theory of growth and development; agricultural development, costs and benefits of industrialization, domestic/foreign resources for development, industrialization and trade policy and development planning. Prerequisites: ECON 202, 202 and 312 or permission of instructor.
ECON 331. International Economics ∙ 3 credits
Theory of international trade, government policy and trade restrictions; foreign exchange and balance of payments; trade policy and developing countries; regional trade integration; and the international monetary system. Prerequisites: ECON 201, 202.
ECON 335. Environmental Economics ∙ 3 credits
Causes, effects and possible cures of air and water pollution problems, solid waste disposal, resource and land use. The "energy crisis" in light of basic economic principles and tools, such as transformation curves, supply and demand pricing, social costs and marginal and cost-benefit analysis. Local field trips and speakers from industry, government, and environmental groups. Prerequistes: ECON 201, 202 recommended, but required only for majors.
ECON 375. Law and Economics ∙ 3 credits
Examines law and legal institutions and their effect upon human activity from the perspective of economics. Introduces students to the economic approach to law using economic principles, and focuses on how rules created by law establish implicit prices for different kinds of behavior. Topics include economic analysis of common law, property rights, contracts, torts, criminal law and law enforcement institutions, illicit drug policy, and an introduction to constitutional economics. Prerequisites: ECON 201, 202.
ECON 399. Topics in Economics ∙ 3 credits
Selected topics, announced as offered, covering various themes. Students may repeat course if it is on a separate topic, not previously studied for credit. Prerequisites: ECON 201, 202
ECON/STBE 447. Econometrics ∙ 3 credits
Econometrics is a course consisting of a set of techniques that allows one to measure and analyze economic phenomena and to predict future economic trends. Econometrics attempts to quantify economic reality and bridge the gap between the abstract world of economic theory and the world of human activity. Study of econometrics allows the student to examine data and to quantify the actions of firms, consumers, and governments. Prerequisites: ECON 313, MATH 151 and STBE 337 or permission of instructor.
FNCE 200. Personal Finance ∙ 3 credits
This course studies the process of personal financial planning. Emphasis is on the development of financial plans, the understanding of various instruments for borrowing and investing and the integration of the personal financial plans with the finances of the owner-run business.
FNCE 300. Principles of Finance ∙ 3 credits
Today's student wants to learn about all areas of finance rather than just how the large corporation functions. The course includes coverage of three main topic areas: markets and institutions, investments, and managerial finance. While the greatest emphasis of the course is on corporate topics, the amount of detail has been limited to facilitate coverage of areas that are of interest to a greater number of students. This broad approach appeals to major and non-majors alike by allowing students to better understand financial information for making business and personal finance decisions. Prerequisites: ACCT 201, 202; ECON 201, 202.
FNCE 301. Financial Valuation in the Corporation ∙ 3 credits
This course stresses three critical elements of corporate finance: the relationship of the corporate form to external funding in markets, the use of valuation principles to evaluate new investments by the company and the day-to-day duties that are required in the Treasury function of corporate finance. Prerequisite: FNCE 300.
FNCE 302. Investments: Security Analysis in a Global Environment ∙ 3 credits
This course is the first course in Investments, focusing on security analysis. It covers a range of topics related to security selection, with an emphasis on portfolio selection only where needed. The topics include coverage of the institutional structure of equity markets, fundamental methods of security selection, a discussion of whether efficient markets, technical methods of security selection, and valuation models for equity. Prerequisite: FNCE 300.
FNCE 316/ECON 316. Real Estate Economics and Finance ∙ 3 credits
Analyzing the area of real estate by examining the terms and concepts as commonly applied within the business environment. Topics include the legal characteristics of real estate, financing media, location theory, ownership, contracts and rights. Prerequisite: FNCE 300.
FNCE 401. Financial Polices and Decision-Making ∙ 3 credits
This course may be approached as an advanced course in financial valuation and sources of funds or as a case course, depending on the instructor. In either case, relevance would be on practical application. The course would require students to apply valuation and financing methods to realistic situations and emphasize both the role of financial analysis in strategic and tactical planning and the interrelationship between functional areas of the company in performing financial analysis. The end point of the course will be to expose students to current best practices in the analysis considered. Prerequisite: FNCE 301.
FNCE 402/ECON 402. Investments, Bond, Fund and Risk Management ∙ 3 credits
This course builds on the security analysis course in three fundamental areas: valuation and investment in fixed income instruments, issues in the management of funds (such as fund purposes and active versus passive management), and the analysis and hedging of risk in all investment decisions (derivative instruments and arbitrage-based strategies will be surveyed). Prerequisite: FNCE 302.
FNCE 403/ECON 403. Management of Financial Institutions ∙ 3 credits
This course is an in-depth coverage of the issues involved in managing a financial institution. This course could be focused on some subset of many relevant issues: the management of the institution from the asset and liability perspective, the management of the institution from the risk management perspective, the role of regulation in institutional management, the impact of market consolidation on bank management, the impact of multi-function institutions and the special management issues involved, etc. The courses could have a content or case focus, depending on the topics covered. Prerequisite: FNCE 300.
FNCE 491. Topics in Corporate Finance ∙ 3 credits
This course is designed to have varying topics, depending on the issues relevant to at the time or the interests of students or faculty. Topics could range from: off-balance sheet activity, mergers and acquisition, divestitures/downsizing, corporate diversification (synergistic versus traditional), corporate government, etc. Corequisite: FNCE 401.
FNCE 492/ECON 492. Topics in Valuation ∙ 3 credits
This course is designed to have varying topics, depending on the issues relevant to at the time or the interests of students or faculty. Topics could range from: derivative valuation, hedge fund management, hedge fund management, international valuation and risk, arbitrage-based strategies, analyst due diligence, institutional trading activity, advanced technical analysis, etc. Corequisite: FNCE 402.
STBE 333. Operations Management ∙ 3 credits
This course is an introduction to the concepts and methods for planning, routing, scheduling, and controlling operations in both manufacturing and service industries. Topics include the concept of competitiveness, use of technology, process measurement, quality, forecasting, waiting lines, human resources issues, project management, supply chain management, just-intime (JIT) systems, planning, scheduling, and inventory systems.
STBE 337. Statistics for Business and Economics ∙ 3 credits
Principles and applications of descriptive and inferential statistics. Topics covered are data summarization, measures of central tendency, measures of dispersion, fundamental principles of probability, discrete and continuous probability distributions, calculations of "z" and "t" scores, confidence intervals, hypothesis testing, ANOVA, correlation and regression, nonparametric statistics, statistical process control and decision theory. Prerequisites: MATH 151, ECON 201.
STBE/ECON 447. Econometrics ∙ 3 credits
Econometrics is a course consisting of a set of techniques that allows one to measure and analyze economic phenomena and to predict future economic trends. Econometrics attempts to quantify economic reality and bridge the gap between the abstract world of economic theory and the world of human activity. Study of econometrics allows the student to examine data and to quantify the actions of firms, consumers, and governments. Prerequisites: ECON 313, MATH 151 and STBE 337.
