Economics Course Descriptions

ECON 101

Macroeconomics

3 social science credits

This course is designed to introduce students to both the basic principles used in economic theory and to the institutional details of the organization of economic systems in the United States and other countries. In addition, the course helps students understand the ways in which different economies are linked and the effects of economic interactions within and between countries. The contents of the course include demand and supply analysis, national income accounting, economic growth, monetary and fiscal policies, as well as, global economic issues such as international trade and capital flows. Various contemporary policy issues are also analyzed. Class hrs. 3.
 

ECON 101H

Macroeconomics-Honors

3 social science credits

See Honors for course description.
 

ECON 102

Microeconomics

3 social science credits

This course provides an analysis of the basic market forces of demand and supply, and economic outcomes under different market structures such as competitive, imperfectly competitive and monopolistic markets. The labor and capital markets are also analyzed. In addition, the economics of the public sector emphasizes tax policy, externalities, monopoly power and the provision of public goods. The course examines contemporary social issues such as income distribution, poverty and the welfare system as well as global issues such as international trade and protectionism. Class hrs. 3.
 

ECON 102H

Microeconomics-Honors

3 social science credits

See Honors for course description.
 

ECON 110

Personal Finance

3 elective credits

Personal Finance provides a solid presentation of the concepts and principles necessary to successfully manage finances and avoid common pitfalls. Topics include: budgeting, time value of money, tax strategies, consumer credit, identity theft, savings and brokerage accounts, insurance, home buying and selling, stocks, bonds, mutual funds, retirement planning and estate planning. This is a practical course designed to familiarize the student with personal financial issues. Class hrs. 3. For elective credit only. This course cannot be used to satisfy Behavioral Science core requirements.
 

ECON 215

International Economics

3 credits

This course is designed to introduce students to both the basic principles of international trade theory and various international policy issues. The content of the course includes an analysisof international trade policy, foreign exchange rates, balance of payments, open-economy macroeconomics, and international macroeconomic policy. Throughout the course there is an emphasis on comparing economic outcomes with and without international trade. International institutions such as the World Trade Organization, the European Union and regional trade pacts such as NAFTA are studied. The course is meant for the student who is already familiar with economic analysis. Class hrs. 3. Prerequisite: ECON 101 Macroeconomics.