Economics (Non-Comprehensive)

1. General Education (see General Education section of catalog)

2. Major Requirements

   1. ECO 155(3), 165(3), 308(3) or equivalent, 365(3), 385(3), 409(3), 490(3)

   2. Minimum of nine additional credit hours in Economics

3. Minor Required

4. Specific Requirements for Bachelor of Arts Degree (see “Academic Programs and Requirements” section of catalog)

5. General Baccalaureate Degree Requirements (see “Academic Programs and Requirements” section of catalog)

Economics (Non-Comprehensive)

1. General Education (see General Education section of catalog)

2. Major Requirements

   1. ECO 155(3), 165(3), 308(3) or equivalent, 365(3), 385(3), 409(3), 490(3)

   2. Minimum of 15 additional credit hours in Economics

3. Minor Required

4. General Baccalaureate Degree Requirements (see “Academic Programs and Requirements” section of catalog)

Economics (Comprehensive)

1. General Education (see General Education section of catalog)

2. Major Requirements

   1. ECO 155(3), 165(3), 308(3) or equivalent, 365(3), 385(3), 409(3), 490(3)

   2. Minimum of 15 additional credit hours in Economics

   3. Minimum of 18 hours in satisfaction of Plan A or B

      1. Concentration of at least 18 hours in any discipline in which a major is offered

      2. Concentration of at least nine hours in each of two disciplines in which a major is offered

3. General Baccalaureate Degree Requirements (see “Academic Programs and Requirements” section of catalog)

All majors wishing to pursue careers in either Business or Public Administration/Government, or wishing to pursue Graduate Study in Economics are encouraged (but not required) to choose electives from the following relevant set of courses:

Business Orientation Track. Courses are: ECO 305(3), 310(3), 325(3), 450(3), 475(3), 565(3); ACC 201(3); CIS 201(2) or 290(3); FGB 135(3), 380(3); MGT 286(3), 320(3) or 340(3); MKT 150(3) or 350(3); RIL 231(3)

Public Administration/Government Orientation Track. Courses are: ECO 310(3), 325(3), 450(3), 504(3), 515(3), 540(3); PLS 255(3), 354(3), 573(3), 576(3); PLN 271(3)

Graduate School Orientation Track. Courses are: ECO 305(3), 310(3), 325(3), 515(3), 565(3); MTH 261(5), 280(5), 302(3), 315(3)

Economics

1. Minor must include ECO 155(3), 165(3)

2. Additional hours in economics to total at least 18 hours. One of the following statistics courses may be used toward this minor: AGR 330(3), ECO 308(3), MTH 340(3), PSY 200(3), QBA 237(3), REC 331(3), or SOC 302(3)

Economics Courses

ECO 155 Principles of Macroeconomics 3(3-0), F,S

This course prepares the student to understand the economic structure of the United States and its place in the world economy, to interpret common economic measures, to understand the processes of governmental fiscal and monetary policies, and to evaluate individual decision-making from an economic perspective.

ECO 165 Principles of Microeconomics 3(3-0), F,S

Basic principles of economics with a particular emphasis on the nature and application of those bearing on decision making within a household, firm or industry; including consideration of problems respecting the composition and pricing of the national output, distribution of income, pricing and output of factors of production and foreign trade.

ECO 197 (170) Topics in Economics 1-3, D

A variable content course designed to explore one or more current issues in the field of economics. Students should consult the class schedule to determine the topic(s) to be covered in any given semester. The course can be repeated to a maximum of 6 credit hours, as course topics change.

ECO 200 Consumer Economics 3(3-0), D

Economic problems of concern to the individual and the household and practice in the use of consumer aids.

ECO 300 Service Learning In Economics 1, D

Prerequisite: 30 hours, concurrent registration in an Economics course designated as a service learning offering. This service component for an existing course incorporates community service with classroom instruction in Economics to provide an integrative learning experience that addresses the practice of citizenship and promotes an awareness of and participation in public affairs. Includes 40 hours of service that benefits an external community organization, agency, or public service provider. Approved service placements and assignments will vary depending on the specific course topic and learning objectives; a list of approved placements and assignments is available from the instructor and the Citizenship and Service Learning Office. May be repeated but no more than two hours of service learning may count toward graduation.

ECO 302 Economic Analysis for Investors 3(3-0), F,S

Prerequisite: 3 hours of ECO or permission. This course examines economic principles used by investors and financial reporters. Concepts are drawn from several fields of economics including microeconomics, macroeconomics, money and banking, labor economics, and international economics. Students will participate in a stock market game, make in-class presentations and conduct internet research.

ECO 305 Money and Banking 3(3-0), F,S

Prerequisite: ECO 155. Nature and functions of money, a survey of the operation and development of the banking system in the U.S.; introduction to monetary theory and policy.

ECO 308 Basic Statistics for Economists 3(3-0), D

Prerequisite: ECO 155 and ECO 165; completion of mathematics general education requirement. Descriptive statistics, probability theory, sampling distributions, estimation theory, tests of hypotheses. Emphasis is placed on problems encountered in economic research. This course cannot be credited toward a degree if the student has taken any of the following: AGR 330, MTH 340, PSY 200, QBA 237, REC 331, SOC 302.

ECO 310 Labor Economics 3(3-0), D

Prerequisite: ECO 155 and ECO 165. Factors determining the market for labor; examination of the economic effects of trade unions; recent trends in the labor force and the labor share of national income.

ECO 315 The Economics of Gender 3(3-0), D

Prerequisite: ECO 165 or permission. This course teaches students to analyze the economic decisions made by both males and females in two main areas: the labor market and the household. Specific areas of inquiry include the following: the family as an economic unit, gender differences in labor force participation, occupational gender segregation, explanations for gender earnings differentials and efforts to reduce such differentials, gender earnings discrimination, and international gender issues. Identical with GST 315. Cannot receive credit for both ECO 315 and GST 315.

ECO 316 Sports and Entertainment Economics 3(3-0), D

Prerequisite: ECO 165. Microeconomic tools used to examine a wide variety of topics pertaining to the sports and entertainment industry such as monopoly and monopsony market structure, labor market issues including free agency and salary caps, and public policy concerns involving the impacts of sports and entertainment on the economy. Also includes is an examination of the economics of various forms of media and entertainment including movies, cable, music, amusement parks, and casinos.

ECO 320 American Economic History 3(3-0), D

Prerequisite: ECO 155 or ECO 165; HST 121 or HST 122. An examination of economic conditions and policies in America's past. Selected events are analyzed using principles drawn from economic theory, including: U.S. economic development, the origins of antitrust policy, and the New Deal.

ECO 325 Government and Business 3(3-0), S

Prerequisite: ECO 165. Theory and public policy concerning the structure, conduct and performance of U.S. industries. Primary emphasis is on oligopolies and monopolies.

ECO 346 International Economic Development 3(3-0), F

Prerequisite: ECO 155 and ECO 165. Theory of economic growth and development, with emphasis on developing economies and the techniques for understanding and promoting development.

ECO 365 Intermediate Microeconomics 3(3-0), F

Prerequisite: ECO 165. Maximizing behavior of households and firms; theory of price and output determination under various market structures; distribution theory; introduction to general equilibrium analysis.

ECO 385 Intermediate Macroeconomics 3(3-0), F,S

Prerequisite: ECO 155. The study of macroeconomic theory and policy. Models are developed which provide a framework for the discussion of macroeconomic issues and the policy choices decision makers face.

ECO 396 (400) Directed Readings in Economics 1-3, D

Prerequisite: ECO 308 and ECO 365 and ECO 385; and 75 hours; or permission. Readings and written reports in the area of particular interest to the student with the consent and guidance of the instructor.

ECO 397 (300) Studies in Economics 1-3, D

Specific subject matter will change from semester to semester, depending on the interests of professors and students. May be repeated as topics change to a maximum of 6 credit hours. Variable content course.

ECO 399 Cooperative Education in Economics 1-3, D

Prerequisite: acceptance into the Cooperative Education Program, 12 hours of economics and permission of the department head. To enable qualified students to apply theoretical constructs and analytical techniques in a supervised work environment. This course cannot be credited toward a major in economics if the student has completed a total of three or more credits in either ECO 396, or cooperative education in another discipline.

ECO 409 (309) Applied Econometrics 3(3-0), F

Prerequisite: ECO 308, or its equivalent, or instructor permission. Students will learn simple regression and multiple regression analysis. Additional topics include model building, cross sectional and time series analysis, as well as related topics. May be taught concurrently with ECO 609. Students cannot receive credit for both ECO 409 and ECO 609.

ECO 435 The Economic Analysis of Law 3(3-0), D

Prerequisite: ECO 165. Microeconomic theory is used to analyze the law and legal procedures. Although one purpose of the law is to resolve disputes between individuals, this course will focus on analyzing the incentives that the law gives rational individuals. Economic models are applied to four basic areas of law: property, contract, tort (accident), and criminal law. In addition, economic models are applied to the formation of the law and to legal institutions.

ECO 450 Location of Economic Activity 3(3-0), F

Prerequisite: ECO 155 and ECO 165. Study of economic forces determining the location of businesses and consumers, and the size, shape, and changes in market areas/cities/land use. Also application of techniques of economic impact analysis of location decisions.

ECO 456 Comparative Economic Systems 3(3-0), F,S

Prerequisite: ECO 155 or permission of instructor. Study of the basic principles and institutions of national economies with an emphasis on capitalist, socialist, and mixed economic systems. A comparison of economic systems in various nations and of economies in transition to an increasingly globalized environment.

ECO 473 Mathematical Economics 3(3-0), D

Prerequisite: ECO 155 and ECO 165; and MTH 285 or equivalent. Development and application of mathematical techniques to economics.

ECO 475 Managerial Economics 3(3-0), F

Prerequisite: ECO 155 and ECO 165. Application of economic analysis to decision making in business management.

ECO 490 (499) Senior Research Seminar 3(3-0), S

Prerequisite: ECO 409 and ECO 365 and ECO 385, and 90 credit hours; or permission of department head. A seminar course requiring the completion of assignments which develop and refine economic research skills. A combination of papers and class presentations will be used to assess student achievement. Primarily for economics students in their final year of study. Graduating seniors are given enrollment priority. May be taught concurrently with ECO 690. Students cannot receive credit for both ECO 490 and ECO 690.

ECO 500 (600) Fundamentals of Economics 3(3-0), D

Prerequisite: COBA majors and minors must receive permission from a director of a COBA graduate program. An accelerated course dealing with the fundamentals of micro- and macroeconomic theory, designed for graduate students who have not completed undergraduate principles of economics. This course will not be counted in the hours required for a COBA undergraduate or graduate degree. This course will not be counted in the hours required for an Economics undergraduate major or minor.

ECO 504 (404) Health Care Economics 3(3-0), F

Prerequisite: ECO 165. A basic study of the economics of the health care market. Microeconomic theory is applied to the analysis of health care issues. Attention will be given to empirical studies of health care economics. Identical with HCM 504. Cannot receive credit for both ECO 504 and HCM 504.

ECO 508 Intermediate Econometrics 3(3-0), D

Prerequisite: ECO 409 or permission. Examination of the principles of economic model construction and the econometric techniques used in estimation of behavioral relationships.

ECO 515 Public Finance 3(3-0), D

Prerequisite: ECO 155 and ECO 165. Allocation and distribution functions of the public sector of the economy; theories of taxation and public expenditure; shifting and incidences of taxes, local-state federal finance.

ECO 520 History of Economic Thought 3(3-0), D

Prerequisite: ECO 155 and ECO 165. Development of economic theory.

ECO 540 Economics of the Environment 3(3-0), F

Prerequisite: ECO 165 or permission. The course applies economic concepts and analysis to environmental issues such as pollution and natural resource management. Economic concepts and analysis used in the course will include supply and demand, cost benefit analysis, and the role of incentives.

ECO 565 International Economics 3(3-0), S

Prerequisite: ECO 155 and ECO 165. Theory, institutions and problems respecting international economic relations.

ECO 585 Advanced Economic Analysis 3(3-0), D

Prerequisite: ECO 365 and ECO 385; 60 hours or permission. Advanced study of the theories of production, distribution and exchange; emphasizing the theory of games, linear programming and input-output analysis.

ECO 586 Business Cycles and Forecasting 3(3-0), D

Prerequisite: ECO 385 or permission. Fluctuations in the level of economic activity; an examination of the basic principles and techniques of economic forecasting.

ECO 599 Directed Research in Economics 1-3, D

Prerequisite: ECO 365 and ECO 385 (or ECO 610), and ECO 409, or permission. The student is expected to conduct research in a selected topic in economics and to produce a written report.

ECO 605 Economic Studies 3(3-0), D

Survey course; problems of government finance, fiscal policy, and resource structures; economic pressure groups.

ECO 608 Topics in Economic Education 1-3, D

Instruction for teachers in a limited number of economic concepts. Subject matter will change depending upon grade levels and goals involved. Attention will be given to ways concepts can be incorporated into the curricula. May be repeated as topics change, to a maximum of 6 credit hours. Variable Content Course.

ECO 609 Applied Econometrics 3(3-0), F

Prerequisite: QBA 500, or its equivalent, or instructor permission. Students will learn simple regression and multiple regression analysis. Additional topics include model building, cross sectional and time series analysis, as well as related topics. May be taught concurrently with ECO 409. Students cannot receive credit for both ECO 609 and ECO 409.

ECO 610 Micro- and Macroeconomic Analysis 3(3-0), F,S

Prerequisite: ECO 500 or both ECO 155 and ECO 165. An intermediate to advanced study of selected topics in microeconomic and macroeconomic analysis.

ECO 621 International Political Economy 3(3-0), S

A general introduction to the politics of international economic relations, with a special emphasis on the extent, causes, and consequences of globalization. Covers such topics as trade, investment, aid, global warming, international institutions, and the political roots of economic development. May be taught concurrently with PLS 621.  Students may not receive credit for both ECO 621 and PLS 621.

ECO 630 Money and Credit Markets 3(3-0), D

Prerequisite: ECO 305 or permission. Role performed by the Federal Reserve System, financial intermediaries, non-financial businesses, the public, and the foreign sector in developing and maintaining money and credit flows.

ECO 690 Seminar in Economics 3(3-0), D

Prerequisite: ECO 609, ECO 610, or permission of the instructor. A seminar course requiring the completion of assignments which develop and refine economic research skills. A combination of papers and class presentations will be used to assess student achievement. Primarily for graduate students in their final year of study. May be taught concurrently with ECO 490. Students cannot receive credit for both ECO 690 and ECO 490.