Economics (ECO)

ECO 201   Macroeconomics   3 Units

This course will survey the scope and methods of the study of economics; the principles underlying the production, exchange, distribution and consumption of wealth along with various economic problems. The systematic investigation of the market structure of American capitalism, encompassing the production and distribution of income, welfare economics and current domestic problems.

ECO 202   Microeconomics   3 Units

This introductory course will look at specific aspects of the economy such as households, firms, and markets, including the investigation of supply and demand in the product market, the perfectly competitive market, monopoly and imperfect competition, and the role of government in private economy. Emphasis will be given to economic challenges of the future.

ECO 221   History of Economic Thought   3 Units

This is a survey course of the history of economic thought from 1600 to 2000, focusing on primary works and discussion of their historical context. Major authors covered will include Smith, Marx, Marshall, and Keynes. Specific policy areas surveyed include internal improvements, money and banking, tariffs, trade, antitrust, and regulation. Recommended prerequisite: ECO 201.

ECO 321   Econometrics   3 Units

This course provides an introduction to econometrics using real-world examples and exercises. It covers the topic of single-equation linear regression analysis. Using a practical approach, students learn how to test for and correct biases that may exist when performing a regression analysis. Topics covered include hypothesis testing, confidence interval estimation, Gauss-markoc Theorem, Data Specification, Multicollinearity, Serial Correlation, Heteroskedasticity, Time-Series, Dummy Variables and Forecasting. Prerequisites: Fulfillment of the general education math requirement, ECO 201, ECO 202 and MTH 252.

ECO 323   Money and Financial Markets   3 Units

This course is an overview of financial markets and institutions including stock and bond markets, money markets, derivatives, financial intermediaries, monetary policy, and international currency markets. Prerequisite: ECO 201.

ECO 340   Economics of Sin   3 Units

This course will consider the relationship between economic and moral systems by examining markets for goods and services that are private “goods” and social “bads,” such as transplantable organs, cigarettes, alcohol, sex, pornography, and illegal drugs. This course considers the foundations of ethical beliefs and the moral grounds for different forms of market intervention; reviews the economics of prohibition and regulation; and analyzes the impact of different forms of social policy on market and social outcomes. Prerequisites: ECO 201 and ECO 202.

ECO 421   Intermediate Microeconomics   3 Units

This course uses principals of economic and statistical analysis in management decision making and practical problem solving; demand evaluation and sales forecasting; cost and profitability analysis; pricing policy; extensive use of case studies. Prerequisites: ECO 202 and MTH 252.

ECO 428   Economic Analysis of Public Policy   3 Units

This course uses economic methodology to evaluate important social policy issues in the U.S. on the role of government in shaping social policy and its impact on individuals. Students will complete an in-depth economic evaluation on one (1) of the following three (3) topics: Environmental and Natural Resource Economics; Economics of Health; or Economics of Education. Prerequisites: ECO 201, ECO 202 and MTH 252.

ECO 429   Environmental Economics, Law and Policy   3 Units

This course will give an overview of environmental law on business organizations and their behavior, focusing on state and federal statutory and case law dealing with analysis of environmental impacts; control of air and water pollution; regulation of toxic substances; preservation of natural areas, habitat, and endangered species; and with a special emphasis on the impact of various governmental policies and environmental laws on industry, business, real estate development, and conservation programs. Prerequisite: ECO 201 or ECO 202. BUS 201 and BUS 251 are recommended prerequisites.

ECO 485   Economic Major Thesis   3 Units

This capstone course will integrate and apply key economic theory and models through the student's original choice of research; evaluation of the thesis will be by committee. Prerequisite: Senior status Economics major and ECO 221, ECO 321 and MTH 252.