2022-2023 Academic Catalog

Economics (ECO)

ECO 201   Macroeconomics   3 Units

This is a survey course of the scope and methods of the study of the principles of macroeconomics. Topics will include decision-making by households and firms, supply and demand, operation of markets and the determination of prices, the evaluation of social welfare within alternative economic systems, international trade and foreign exchange, financial markets, the role and objectives of government in economic policy.

ECO 202   Microeconomics   3 Units

This is a course covering principles of microeconomics. Topics will include decision‐making by households and firms, supply and demand, operation of markets and the determination of prices, international trade, elements of industrial organization and varying degrees of competition, and the evaluation of social welfare within alternative economic systems.

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 is the study of Econometrics, providing techniques for the quantitative measurement and analysis of actual economic and business phenomena. Prerequisites: fulfillment of the general education math requirement, ECO 201 and ECO 202 and (MTH 252 or MTH 271).

ECO 323   Money and Financial Markets   3 Units

This course is an overview of financial markets and institutions, money markets, stocks, bonds, foreign currency, and derivatives. Prerequisite: ECO 201 or ECO 202.

ECO 340   Morality, Social Policy, and Economics   3 Units

This course will begin with a review of classical economic concepts and methods, and a review of the basic tenets of morality. The course will then turn to topics where “moral” social choice is often discussed, such as alleviating human misery, government assistance, pollution, crime, and poverty. The course will conclude by evaluating the methods and government programs that economics suggests can influence moral choice, and the obstacles inherent in the implementation and delivery of such programs. Recommended Prerequisite: ECO 201 or ECO 202.

ECO 421   Intermediate Microeconomics   3 Units

This course uses principles of economic and statistical analysis in management decision making and practical problem solving; demand evaluation and sales forecasting; cost and profitability analysis; pricing policy; uncertainty and risk, and use of case studies. Prerequisites: fulfillment of general education math requirement and ECO 202.

ECO 428   Intermediate Macroeconomics and Public Policy   3 Units

This course uses economic methodology to evaluate the economic methods used in, and the purposes driving, the development of economic public policies in the U.S., focusing on the role of government in shaping social policy and its impact on individuals. Students will (a) complete an essay describing a recent U.S. economic policy event, and (b) an essay describing the economic justification for recent public policy in one (1) of the following three (3) topics: Environmental and Natural Resource Economics; Economics of Health; or Economics of Education. Prerequisites: fulfillment of general education math requirement and ECO 201 and ECO 202 and (MTH 252 or MTH 271).

ECO 429   Environment, Climate and Sustainability   3 Units

This course is an overview of topics surrounding the assessment of humankind’s interaction and use of the environment, the effect on climate, and assessment of long term sustainability. Using environmental and economics concepts and methods, the course will cover topics such as means to value natural resources, methods for appropriately mitigating externalities (such as pollution), and assessing development activities. The course will also evaluate the availability and use of natural resources, depletable and renewable, such as energy, water, land, and forests. Finally, the course will assess relevant topics surrounding climate change, including its measurement, causes, effects (magnitude and geographic distribution), and potential responses. Throughout the course students will learn the relevant government agencies and legal processes surrounding the environment, climate, and sustainability. Recommended Prerequisite: ECO 201 or ECO 202.

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. Business Exam Fee required. Prerequisite: Senior status Economics major and ECO 221 and ECO 321.

ECO 490A   Professional Development and Internship Emphasis   2 Units

The CUI School of Business and Economics Internship facilitates a student's transition from academic theory to real-life business practices and builds professional networks. An internship related to a student's academic emphasis helps clarify goals, adds value to the CUI academic experience and opens doors to future employment. The course provides practice in the development of a personal brand as well as skills needed in the pursuit of an internship and eventual employment followed by an off-site internship. Students meet with their internship director before beginning the off-site internship for advice and placement approval. Periodic student reports and written feedback from the sponsoring business are required and must demonstrate the skill acquired during the internship. Students must take a minimum cumulative total of two (2) units earned in one (1) unit credit hours. Offered as a Pass/No Pass course. Prerequisites: Business Major with Junior or Senior standing and MGT 321 and BUS 224.

ECO 490B   Professional Development and Internship Elective   1-6 Units

The CUI School of Business and Economics Internship facilitates a student’s transition from academic theory to real-life business practices and builds professional networks. An internship related to a student's academic emphasis helps clarify goals, adds value to the CUI academic experience and opens doors to future employment. The course provides practice in the development of a personal brand as well as skills needed in the pursuit of an internship and eventual employment followed by an off-site internship. Students meet with their internship director before beginning the off-site internship for advice and placement approval. Periodic student reports and written feedback from the sponsoring business are required and must demonstrate the skill acquired during the internship. This course provides additional experience beyond the two (2) unit program cumulative internship minimum as students may take one (1) additional unit of internship. Offered as a Pass/No Pass course. Prerequisites: Business Major with Junior or Senior standing and MGT 321 and BUS 224.