Bachelor of Arts in Economics

ECON.2010 Principles of Microeconomics (3cr)

Studies the principles of production and exchange. An introduction to demand, supply, pricing, and output under alternative market structures. Derived demand and resource markets are introduced. Meets Core Curriculum Essential Learning Outcome for Quantitative Literacy (QL).

ECON.2020 Principles of Macroeconomics (3cr)

This course studies national accounts, inflation, and aggregate unemployment, as well as the driving forces behind business cycles and long-run growth in the context of aggregate demand and aggregate supply. In addition, it examines monetary and fiscal policy, the Federal reserve, and select additional topics, such as an introduction to open-economy macroeconomics.

ECON.2110 Statistics for Business and Economics I (3cr)

Presents descriptive statistics, sophisticated counting techniques and other components of probability, simple random variables and their distribution, bivariate functions, sampling theory properties of estimators.

Requirements:

MATH 1210 pre-req

ECON.2120 Statistics for Business and Economics II (3cr)

Discusses interval estimation, hypothesis testing, analysis of variance, applied regression theory, correlation analysis, and other selected topics.

Requirements:

ECON 2110 pre-req

ECON.3020 Labor Economics (3cr)

An introduction to the economic analysis of behaviors and institutions in the labor market: labor supply and participation, labor demand by firms, wage determination under different institutional settings, and gender, race or ethnicity as determinants of different labor market outcomes. The course presents microeconomic models, empirical findings and their public policy implications on topics such as minimum wage, affirmative action, social insurance programs, workplace safety, and subsidized day care. Prerequisites: 49.201 or instructor's approval. Meets Core Curriculum Essential Learning Outcome for Diversity and Cultural Awareness (DCA) and Quantitative Literacy (QL).

Notes:

HSV

Requirements:

ECON.2010 pre-req

ECON.3030 Microeconomic Theory (3cr)

Provides an advanced examination of price and production theory and the theory of the consumer and the firm.

Requirements:

ECON.2010 pre-req

ECON.3040 Macroeconomic Theory (3cr)

Building on Principles of Macroeconomics (ECON.2020), this course studies goods markets and money markets in further detail. Emphasis is placed on aggregate labor markets and also on the relationship between inflation, unemployment, and aggregate output. These topics are contextualized in order to examine aggregate economic developments in the short, medium, and long run. Optimal monetary and fiscal policies are examined against this background. Select additional topics are covered, such as the basics of open-economy macroeconomics. This course meets the Essential Learning Outcome of Critical Thinking and Problem Solving (CTPS) as defined under the Core Curriculum requirements.

Requirements:

49.202 pre-req

ECON.3120 Managerial Economics (3cr)

Applies the economic theory and statistical methods to business decision making. Estimation of demand, production, cost functions and accompanying elasticity estimates, pricing and output decisions, value maximization problems, and capital budgeting.

Requirements:

ECON.2010 pre-req

ECON.3160 Investments: Instruments and Strategies (3cr)

In this course we will look at different types of investments, from stocks, bonds and real estate top mutual funds, hedge funds and derivatives exploring how and when to use them. Students will create a diversified investment portfolio using an online trading program that incorporates products covered in class. In addition we will look at how different exchanges operate and the role of financial investments in real capital accumulation and rising living standards.

Requirements:

ECON.2010 pre-req

ECON.3180 Financial Markets and Monetary Policy (3cr)

This course studies the formal role of money, interest rates, interest rate determination, and financial markets within the context of aggregate economic activity. These topics are related to central banks, with a focus on the Federal Reserve, and linked to money supply and the tools of monetary policy. Formal theories and practical implementation of strategies and tactics of monetary policy are addressed, as well as their implications for aggregate economic activity. This course meets Core Curriculum Essential Learning Outcome for Information Literacy (IL) and Written & Oral Communication (WOC).

Requirements:

ECON 2010 and 202 pre-req

ECON.3250 United States Economic History (3cr)

The evolution of institutions and their functions, and sources of economic development. The contributions of railroads, agricultural population growth, immigration, capital formation and technological progress to economic development. Other areas addressed: rapid industrialization and antitrust laws; evolution of financial institutions, the creation of the Federal Reserve System, crash of 1929, the depression of the 1930s, the New Deal and various banking acts, the labor movement, the growth of international trade.

Requirements:

ECON 2010 or ECON 2020 pre-req

ECON.3450 Health Economics (3cr)

An introduction to the economic analysis of health care market The course presents microeconomic models, empirical findings and public policies referring to the following topics: the production and demand for health (the investment/consumption aspects of health and the relationship between socio economic status and health status), the issues of moral hazard and adverse selection in the insurance market, the role of information in the physician-patient relationship, the different regulation and payment systems for providers, the Medicare and Medicaid programs, and the comparisons between the US system and the health systems of other western economies and developing countries. This class aims to help students becoming more informed future citizens and consumers or producers of healthcare. Prerequisites: 49.201 or instructor's approval. Meets Core Curriculum Essential Learning Outcome for Critical Thinking & Problem Solving (CTPS) and Social Responsibility & Ethics (SRE).

Requirements:

Pre-Req: ECON.2010 Principles of Microeconomics

ECON.4010 Special Topics in Economics (3cr)

Special Topics in Economics is a course for advanced undergraduates in Economics. The content will vary from semester to semester depending on the research interests of the Faculty member teaching the course.

Requirements:

ECON.2010 pre-req

ECON.4030 International Economics (3cr)

This course is devoted to the study of why countries trade the products they do and the attendant benefits and costs of trade. The course covers both the main theories of international trade, and their empirical applications.

Requirements:

ECON.2010

ECON.4060 International Macroeconomics (3cr)

This course is part of the two sub-disciplines that compose the overall discipline of International Economics, with the other sub-discipline being International Trade. As such, International Macroeconomics is complementary to International Trade, but neither course is a prerequisite for the other. This course provides an overview of open economy macroeconomics, and international financial markets and policies. The focus is on exchange rate determination, the importance of the balance of payments for both the domestic economy and the economies of other countries, international capital flows, the impact of internal debt on the balance of trade, and the interaction and potential conflicts between domestic and international economic police objectives.

ECON.4150 Introduction to Environmental Economics (3cr)

Examines economic and policy aspects of environmental quality, natural resource and relevant work-environment related issues. Models are used to blend economic theory (e.g. market failure caused by externalities, asymmetric information, lack of property rights etc.) with environmental facts using standard benefit-cost or efficiency criteria. Students will learn to derive policy insights from theoretical constructs. The primary objective is to show how the basic principles in economics can play a valuable role in analyzing and evaluating critical environmental issues and help in determining policy guidelines (in terms of direct controls, voluntary programs, taxes, other monetary incentives etc). Graduate students in work environment will be required to do an economic analysis of an occupational health and safety intervention. Graduate students from ESDR will undertake a project that is relevant to his or her field of specialization with the permission of the instructor.

Requirements:

ECON.2010.

ENGL.1010 College Writing I (3cr)

A workshop course that thoroughly explores the writing process from pre-writing to revision, with an emphasis on critical thinking, sound essay structure, mechanics, and academic integrity. Students will read, conduct rhetorical analyses, and practice the skills required for participation in academic discourse. Students will write expository essays throughout the semester, producing a minimum of four formal essays.

ENGL.1020 College Writing II (3cr)

A workshop course that thoroughly explores the academic research writing process with an emphasis on entering into academic conversation. Building on the skills acquired in College Writing I, students will learn to write extensively with source material. Key skills addressed include finding,assessing, and integrating primary and secondary sources, and using proper documentation to ensure academic integrity. Students will produce analytical writing throughout the semester, including a minimum of four formal, researched essays.

MATH.1205 Applied Precalculus (3cr)

Intended for students in online degree programs. The objective of this course is to provide students with problem-solving and computational techniques needed for further coursework and/or in their occupations. Topics covered include a comprehensive review of algebra, functions, and relations, system of linear equations in two variables, polynomial functions, rational functions, and inverse functions. Applications from business, IT, and biological sciences are included. ANTI-REQUISITES: Credit will only be granted for one of the following: MATH.1200/1225, MATH.1205 or MATH.1210.

MATH.1220 Management Calculus (3cr)

Review of difference quotient, least squares modeling, limit of difference quotient, differential calculus: derivatives, differentials, higher-order derivatives, implicit differentiation, relative and absolute maxima and minima of functions, and applications of derivatives to business and economics. Integrals and applications to business. No credit in Science or Engineering.

Requirements:

MATH.1200 Precalculus Mathematics I, or MATH.1210 Management Precalculus, or MATH.1270 Preparation for Calculus, or MATH.1280 Calculus IA, or MATH.1290 Calculus IB,or ALEKS score of 67 or higher.