Economics (ECO) courses
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ECO 101 Economics of Social Issues
Prerequisite: 12 hours.General Education Course (Focus on Public Issues).This course focuses on understanding and analyzing major contemporary social issues such as globalization, pollution, poverty, income distribution, taxes, social security, the appropriate role of government, etc. Students will be introduced to the basic tools of economics so that they can develop a general framework within which a variety of political, social and economic issues can be analyzed. Issues will be discussed from a national, regional and local perspective.
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ECO 155 Principles of Macroeconomics
General Education Course (Focus on Social and Behavioral Sciences).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.
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ECO 165 Principles of Microeconomics
General Education Course (Focus on Social and Behavioral Sciences).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.
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ECO 300 Service-Learning In Economics
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.
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ECO 302 Economic Analysis for Investors
Prerequisite: ECO 155 or ECO 165, and completion of mathematics general education requirement.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.
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ECO 303 Behavioral Economics and Public Policy
This course examines solutions to public policy using behavioral economics, in particular the use of "nudges". These solutions often cost less, work as or more effectively, and can sometimes be seen as more ethical than traditional market solutions to problems such as fines, taxes and subsidies. The ethics of such policies is discussed. Topics may include how to increase the availability of organs such as kidneys, increase the savings rate of Americans, reducing the negative impacts human have on the environment, and ways to improve health in the United States.
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ECO 304 Behavioral Economics
Prerequisite: ECO 165.This course serves as an introduction to behavioral economics. Behavioral economics uses more psychological and biological foundations than traditional neoclassical economics. The course explains why individuals often systematically deviate from neoclassical predictions and utilizes alternative models that more accurately describe human behavior.
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ECO 305 Money and Banking
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.
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ECO 310 Labor Economics
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.
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ECO 314 Game Theory
Prerequisite: ECO 165.This course serves as an introduction to game theory, the study of strategy. The field has applications in economics, business, military strategy, political science, sports, biology, and poker. Possible topics include games vs. decisions, dominance, Nash equilibrium, and others.
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ECO 315 The Economics of Gender
Prerequisite: ECO 165.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.
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ECO 316 Sports and Entertainment Economics
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 an examination of the economics of various forms of media and entertainment including movies, cable, music, amusement parks, and casinos.
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ECO 320 American Economic History
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.
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ECO 345 Asian Economies
This course addresses the rise to significance of the Asia-Pacific region in the world economy. This region of the world is typified by a delicate balance between governments and business interests, which accounts for their diverse development trajectories. This course will study how these countries have transformed themselves from peasant societies into industrial powerhouses and how they have continued to achieve growth rates several times higher than the advanced nations of the West over a period of time.
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ECO 346 International Economic Development
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.
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ECO 365 Intermediate Microeconomics
Prerequisite: ECO 165 and completion of mathematics general education requirement.Maximizing behavior of households and firms; theory of price and output determination under various market structures; distribution theory; introduction to general equilibrium analysis.
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ECO 385 Intermediate Macroeconomics
Prerequisite: ECO 155 and completion of mathematics general education requirement.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.
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ECO 389 Education Abroad in Economics
This course examines special issues and topics that require a travel component. Travel time, location, and topics discussed will vary from semester to semester depending upon the interests of professors and students.
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ECO 390 Intersession Topics in Economics
Specific subject matter will change from semester to semester, depending on the interests of professors and students. Variable content course. May be repeated to a maximum of nine hours, as course topics change.
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ECO 396 Directed Readings in Economics
Prerequisite: QBA 237 or equivalent; and ECO 365 and ECO 385; and 75 hours.Readings and written reports in the area of particular interest to the student with the consent and guidance of the instructor.
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ECO 397 Studies in Economics
Specific subject matter will change from semester to semester, depending on the interests of professors and students. Variable content course. May be repeated to a maximum of nine hours, as course topics change.
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ECO 399 Cooperative Education in Economics
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.
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ECO 409 Applied Econometrics
Prerequisite: QBA 237 or equivalent.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. Students will be required to engage in original research using the principles taught in the class and to write their research into a research paper. Public Affairs Capstone Experience course. May be taught concurrently with ECO 609. Cannot receive credit for both ECO 409 and ECO 609.
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ECO 425 Industrial Organization
Prerequisite: ECO 165 and completion of mathematics general education requirement.Theory and public policy concerning the structure, conduct and performance of U.S. industries. Primary emphasis is on oligopolies and monopolies.
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ECO 435 The Economic Analysis of Law
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.
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ECO 450 Urban and Regional Economics
Prerequisite: 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 to location decisions. May be taught concurrently with ECO 650. Cannot receive credit for both ECO 450 and ECO 650.
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ECO 456 Comparative Economic Systems
Prerequisite: ECO 155.This course examines the differing institutions of national economies. Students examine economic systems in various countries, past and present. The focus is on strategies countries use to compete globally, promote economic growth and development, provide for the public good, and protect various national interests in an increasingly global environment. Students also examine the ongoing evolution economic systems around the world, especially with regard to balancing the roles played by markets and governments in the economy. May be taught concurrently with ECO 656. Cannot receive credit for both ECO 456 and ECO 656.
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ECO 473 Mathematical Methods for Economics I
Prerequisite: ECO 155 and ECO 165.Recommended Prerequisite: ECO 365; and MTH 261 or equivalent. Development and application of mathematical techniques to economics. May be taught concurrently with ECO 673. Cannot receive credit for both ECO 473 and ECO 673.
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ECO 475 Managerial Economics
Prerequisite: ECO 155 and ECO 165.Application of economic analysis to decision making in business management.
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ECO 492 Program Assessment
Prerequisite: 102 hours.Required assessment of undergraduate economics program. All students majoring in economics are required to enroll in this course during their senior year and complete the Test of Understanding of College Economics (TUCE), an assessment survey, and an exit interview. The focus is on program assessment and development rather than on individual student evaluation. Graded Pass/Not Pass only.
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ECO 504 Health Care Economics
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. May be taught concurrently with ECO 604. Cannot receive credit for both ECO 504 and ECO 604.
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ECO 508 Intermediate Econometrics
Prerequisite: ECO 409.Examination of the principles of economic model construction and the econometric techniques used in estimation of behavioral relationships. May be taught concurrently with ECO 611. Cannot receive credit for both ECO 508 and ECO 611.
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ECO 515 Public Sector Economics
Prerequisite: ECO 155, ECO 165, and completion of mathematics general education requirement.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. May be taught concurrently with ECO 615. Cannot receive credit for both ECO 515 and ECO 615.
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ECO 520 History of Economic Thought
Prerequisite: ECO 155 and ECO 165.Development of economic theory. May be taught concurrently with ECO 620. Cannot receive credit for both ECO 520 and ECO 620.
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ECO 540 Economics of the Environment
Prerequisite: ECO 165.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. May be taught concurrently with ECO 640. Cannot receive credit for both ECO 540 and ECO 640.
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ECO 555 Resource and Energy Economics
Prerequisite: ECO 155 or ECO 165.This course will examine the application of economic principles to natural resource and energy use. Topics include valuing the environment, management of renewable resources such as the forest, fisheries, water, and arable land as well as the management of nonrenewable resources such as oil, coal, and natural gas. Course will also examine waste and toxic substance disposal and the effect of industry and agriculture on the environment. May be taught concurrently with ECO 555. Cannot receive credit for both ECO 555 and ECO 655.
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ECO 560 Applied Data Analytics
Prerequisite: 60 hours.Students will learn and apply a variety of supervised, unsupervised, and meta machine learning algorithms to learn how to transform information into actionable intelligence. To that end, students will acquire coding skills and gain experience with statistical programming applications.
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ECO 565 International Economics
Prerequisite: ECO 155 and ECO 165.Recommended Prerequisite: QBA 237 or equivalent. Introduction to the key concepts of international trade and finance with a focus on the fundamental theories of international economics. Topics include the gains from and the patterns of international trade, protectionism, exchange rate determination and government policy intervention. May be taught concurrently with ECO 665. Cannot receive credit for both ECO 565 and ECO 665.
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ECO 585 Mathematical Methods for Economics II
Prerequisite: ECO 365 and ECO 473; and 60 hours (ECO 473 may be waived if familiarity with calculus-based optimization techniques can be established).Unconstrained and constrained optimization; applications of the envelope theorem and duality to standard economic models, including utility maximization, profit maximization and expenditure/cost minimization. May be taught concurrently with ECO 685. Cannot receive credit for both ECO 585 and ECO 685.
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ECO 586 Business Cycles and Forecasting
Prerequisite: ECO 385.Fluctuations in the level of economic activity; an examination of the basic principles and techniques of economic forecasting. May be taught concurrently with ECO 686. Cannot receive credit for both ECO 586 and ECO 686.
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ECO 590 Senior Research Seminar
Prerequisite: ECO 365 and ECO 385 and ECO 409; and 90 hours.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. May be taught concurrently with ECO 690. Cannot receive credit for both ECO 590 and ECO 690.
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ECO 599 Directed Research in Economics
Prerequisite: ECO 365; and ECO 385 or ECO 610; and ECO 409.The student is expected to conduct research in a selected topic in economics and to produce a written report. May be taught concurrently with ECO 699. Cannot receive credit for both ECO 599 and ECO 699.
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ECO 600 Fundamentals of Economics
Prerequisite: College of Business majors must receive permission from a director of a College of Business 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 College of Business graduate degree.
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ECO 604 Health Care Economics
Recommended 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 604. Cannot receive credit for both ECO 604 and HCM 604. May be taught concurrently with ECO 504. Cannot receive credit for both ECO 504 and ECO 604.
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ECO 609 Applied Econometrics
Prerequisite: QBA 600 or equivalent.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. Students will be required to engage in original research using the principles taught in the class and to write their research into a research paper. May be taught concurrently with ECO 409. Cannot receive credit for both ECO 409 and ECO 609.
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ECO 611 Intermediate Econometrics
Recommended Prerequisite: ECO 409. Examination of the principles of economic model construction and the econometric techniques used in estimation of behavioral relationships. May be taught concurrently with ECO 508. Cannot receive credit for both ECO 508 and ECO 611.
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ECO 615 Public Sector Economics
Recommended Prerequisite: ECO 155 and ECO 165; and completion of mathematics general education requirement. 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. May be taught concurrently with ECO 515. Cannot receive credit for both ECO 515 and ECO 615.
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ECO 620 History of Economic Thought
Recommended Prerequisite: ECO 155 and ECO 165. Development of economic theory. May be taught concurrently with ECO 520. Cannot receive credit for both ECO 520 and ECO 620.
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ECO 640 Economics of the Environment
Recommended Prerequisite: ECO 165. 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. May be taught concurrently with ECO 540. Cannot receive credit for both ECO 540 and ECO 640.
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ECO 650 Urban and Regional Economics
Recommended Prerequisite: ECO 165 or ECO 600. 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 to location decisions. May be taught concurrently with ECO 450. Cannot receive credit for both ECO 450 and ECO 650.
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ECO 655 Resource and Energy Economics
Prerequisite: ECO 155 or ECO 165.This course will examine the application of economic principles to natural resource and energy use. Topics include valuing the environment, management of renewable resources such as the forest, fisheries, water, and arable land as well as the management of nonrenewable resources such as oil, coal, and natural gas. Course will also examine waste and toxic substance disposal and the effect of industry and agriculture on the environment. May be taught concurrently with ECO 555. Cannot receive credit for both ECO 555 and ECO 655.
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ECO 656 Comparative Economics Systems
Prerequisite: ECO 155.This course examines the differing institutions of national economies. Students examine economic systems in various countries, past and present. The focus is on strategies countries use to compete globally, promote economic growth and development, provide for the public good, and protect various national interests in an increasingly global environment. Students also examine the ongoing evolution economic systems around the world, especially with regard to balancing the roles played by markets and governments in the economy. May be taught concurrently with ECO 456. Cannot receive credit for both ECO 456 and ECO 656.
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ECO 665 International Economics
Recommended Prerequisite: QBA 237 or equivalent. Introduction to the key concepts of international trade and finance with a focus on the fundamental theories of international economics. Topics include the gains from and the patterns of international trade, protectionism, exchange rate determination and government policy intervention. May be taught concurrently with ECO 565. Cannot receive credit for both ECO 565 and ECO 665.
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ECO 673 Mathematical Methods for Economics I
Prerequisite: ECO 155 and ECO 165.Recommended Prerequisite: ECO 365; and MTH 261 or equivalent. Development and application of mathematical techniques to economics. May be taught concurrently with ECO 473. Cannot receive credit for both ECO 473 and ECO 673.
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ECO 685 Mathematical Methods for Economics II
Recommended Prerequisite: ECO 365; and ECO 473 or familiarity with calculus-based optimization techniques. Unconstrained and constrained optimization; applications of the envelope theorem and duality to standard economic models, including utility maximization, profit maximization and expenditure/cost minimization. May be taught concurrently with ECO 585. Cannot receive credit for both ECO 585 and ECO 685.
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ECO 686 Business Cycles and Forecasting
Recommended Prerequisite: ECO 385. Fluctuations in the level of economic activity; an examination of the basic principles and techniques of economic forecasting. May be taught concurrently with ECO 586. Cannot receive credit for both ECO 586 and ECO 686.
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ECO 690 Seminar in Economics
Prerequisite: ECO 609 and ECO 710.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 590. Cannot receive credit for both ECO 590 and ECO 690.
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ECO 699 Directed Research in Economics
Recommended Prerequisite: ECO 365; and ECO 385 or ECO 710; and ECO 409. The student is expected to conduct research in a selected topic in economics and to produce a written report. May be taught concurrently with ECO 599. Cannot receive credit for both ECO 599 and ECO 699.
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ECO 710 Micro- and Macroeconomic Analysis
Prerequisite: ECO 600 or equivalent.An intermediate to advanced study of selected topics in microeconomic and macroeconomic analysis.
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ECO 721 International Political Economy
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. Identical with PLS 721. Cannot receive credit for both ECO 721 and PLS 721.
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ECO 730 Money and Credit Markets
Recommended Prerequisite: ECO 305. 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.
