ECO - Economics

Focuses on inflationary consequences of monetary and fiscal policies designed to eliminate poverty and unemployment, significance of money and government deficits on attainment of goals of high employment and economic growth in a non-inflationary environment and role of the dollar in international trade.

Study of the role of prices in allocating and developing scarce resources to meet the needs and demands of consumers, the impact of the profit motive on business size and efficiency, the economic power of large-scale business firms, the interplay of private and public choice through price controls, business regulation and taxation.

Further develops the topics in principles of microeconomics with a richer set of economic tools.  Economic analysis is applied to the behavior of individuals, businesses and governments as these agents interact in the market economy.  The social consequences regarding equity and efficiency of the production and distribution of final goods and services is analyzed considering both monetary and non-monetary gains.  Prerequisite:  ECO 20263 Microeconomics.

Studies role of money and banking in United States economic development and in international finances, significance of money, banking history and development, commercial banking operations and structure, central banking and monetary management, alternative international monetary systems, and monetary theory and policy. Prerequisite: ECO 20163 Macroeconomics.

Businesses, households and governments must all determine where they will partake in economic activity.  This course explores the decisions by individuals on where to do business.  The formation of cities and suburbs both rural and urban is analyzed with special attention paid to issues of land use, transportation, crime, housing and entrepreneurship.  Prerequisite:  ECO 20263 Microeconomics.

Highlights the decision making of for-profit and non-profit entrepreneurs and the impact of those decisions on society.  Unpacks the decisions by policymakers on how (or if) entrepreneurship should be encouraged to increase social welfare.  Special attention is paid to the tensions created by those who support free-market policies versus those who believe that governments must intervene to correct market failure.  Prerequisite:  ECO 20263 Microeconomics.

Explores financial system, financial institutions and primary forces which affect them. Emphasis on instruments and interactions in money and capital markets and analysis of firms for portfolio management.  Prerequisites:  ECO 20163 Macroeconomics and ECO 30363 Money and Banking or FIN 30000 Foundations of Finance.

Examines principle topics of international economics. Examines balance of payments, exchange rates, free trade, protectionism and economic development from the perspective of the business major. Develops appreciation of world economic environment as it impinges on choices and decisions made by managers of all- size firms.

Capstone course which analyzes decision-making related to business topics like pricing, production, human resources, and marketing using economic tools.  Topics include an application of econometric procedures used to analyze data for the purpose of decision makers.  Students compile evidence of learning outcomes gathered from previous courses within the major.  Prerequisites:  ECO 20263 Microeconomics, ECO 20163 Macroeconomics, ECO 30363 Money and Banking, and ECO 30163 Intermediate Microeconomics.