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Finance, Economics & Decision Science

 

 

Courses

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Economics Courses

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.

Statistics

STBE 137. Quantitative Reasoning in Business • 3 credits
This course provides students the opportunity to develop quantitative insights and skills relevant to success in the study and practice of Accounting, Economics, Finance, International Management, Management and Marketing. Key topics include the role of functions, linear systems, optimization, and scenario analysis in business. Students will develop skills in the visual display, written expression and oral presentation of analytic findings in a business setting. Prerequisites: MATH 099 or ACT Mathematics score of 22.

STBE 237. 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 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/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.