ECO - Economics
An economic analysis of the interactions between households, businesses and the government regarding the allocation of goods, services and resources. Topics include the theory of consumer behavior, production and cost determination, and resource pricing.
Credit Hours: 4
Prerequisites
MAT 150 competency recommended (all COB majors are required to take MAT 225).
An introduction to aggregate economic analysis; use of the aggregate demand/aggregate supply model for the determination of output, employment and prices; use of the production possibilities curve analysis to illustrate opportunity cost and to show gains from trade applying the concept of comparative advantage; structure and functions of the Federal Reserve System; and conduct of monetary policy.
Credit Hours: 4
Prerequisites
MAT 150 competency recommended (all COB majors are required to take MAT 225).
Labor economics examines the organization, functioning and outcomes of labor markets; the decisions of prospective and present labor market participants; and the public policies relating to the employment and payment of labor resources.
Credit Hours: 4
Prerequisites
ECO 204 and
ECO 205.
This course will cover current topics in income inequality and poverty within both developed and developing countries. For both inequality and poverty, students will study the various methods of economic measurement and identify recent dynamic trends. Empirical evidence will be used to scrutinize and explore current theoretical arguments aimed at explaining the trends. The course will also analyze contemporary policies at both the country level and within global institutions (IMF, World Bank, bilateral aid programs) aimed at alleviating poverty and lessening inequality, and examine the linkages among inequality, poverty, growth, education, technology and globalization.
Credit Hours: 4
Prerequisites
ECO 205.
The course teaches students to use economic concepts to critically evaluate social, political and business decisions regarding environmental resource use, environmental regulation and environmental degradation. Students will gain insight into how to respond as business decision-makers to environmental regulations and to increased global competition for scarce resources.
Credit Hours: 4
Prerequisites
ECO 204.
This course is designed to provide students with an introduction and overview of development economics. The course will focus on the economies of countries other than the United States, explore the interaction between the developed and the less-developed economies of the world, and examine international trade and environmental issues in developing countries.
Credit Hours: 4
(IG) (NW)
Prerequisites
ECO 204 and
ECO 205.
This course analyzes consumer choice theory; the theory of production; competitive, oligopolistic and monopolistic market structures; and behavioral economics.
Credit Hours: 4
Prerequisites
ECO 204,
ECO 205 and
MAT 225 (or equivalent).
This course is designed to analyze the domestic and international impacts of public policy on GDP, employment, inflation, the trade deficit and budget surplus, the international flow of capital, foreign exchange rate variations and international competitiveness.
Credit Hours: 4
Prerequisites
ECO 204,
ECO 205 and
MAT 225 (or equivalent).
The course explores U.S. antitrust law. Economic analysis is used to understand the motivations behind antitrust laws and to evaluate their success. Students will: 1) explore the social losses that can accompany market-power and why American society has chosen antitrust to deal with those consequences; 2) learn that collusive price fixing and market allocation communications and agreements are per se felony offenses, and that violators have been and continue to be sentenced to jail terms; and 3) analyze recent antitrust cases to understand the broad structure of antitrust law and to show the relevance of antitrust in the American business environment.
Credit Hours: 4
Prerequisites
ECO 204.
Public Finance and Public Choice is a study of the public sector using applied microeconomic analysis. It carefully examines the rationale behind the size and scope of government in a market-based economy, how decisions are made in the public sector (the economics of voting/decision rules), income distribution and poverty issues, and tax theory (incidence, efficiency and equality). The course also analyzes some of today's most important policy decisions facing the economy (and its individual decision-makers) including tax policy, Social Security and Medicare reform, and fiscal federalism.
Credit Hours: 4
Prerequisites
ECO 320.
The purpose of this course is to learn modeling techniques and apply them to current issues in modern economic research. Students will learn how to specify economic problems in terms of a mathematical model, solve them and interpret the results. Computational software programs are used in the course to solve these models and plot the results.
Credit Hours: 4
Prerequisites
MAT 225 (or equivalent) and
ECO 320 or 321.
This course covers the core concepts of international trade and international finance. The first half of the semester is devoted to international trade, including the basis for trade, gains from trade, trade policy and factor mobility. The second half of the semester is dedicated to international macroeconomics-finance, including balance of payments, foreign exchange rates and international capital flows. There will be a continual focus on current events throughout the semester.
Credit Hours: 4
(IG)
Prerequisites
ECO 320 or
ECO 321.
This course will examine major economic and financial issues related to emerging markets, with a particular emphasis on the BRIC countries (Brazil, Russia, India and China). The following topics will be considered: economic liberalization programs undertaken by emerging markets in recent decades, growth drivers in the emerging markets, financial sector challenges facing key emerging markets, and monetary policy challenges faced by emerging markets.
Credit Hours: 4
(IG)
Prerequisites
ECO 321.
The course introduces basic econometric techniques that are of value to economics and business majors. The emphasis will be on understanding the linear regression model, including some key extensions and relevant applications. Besides basic fundamentals of regression analysis, the course will cover panel data models, instrumental variables, causality, time series and forecasting. Students will be required to undertake a forecasting exercise as part of the requirements for completion of the course.
Credit Hours: 4
Prerequisites
Either
ECO 320 or
ECO 321, and
MAT 225 (or equivalent).
This course is designed to provide upper-level economics majors with a broad overview of key topics in economics. Areas of emphasis include U.S. and global economic conditions, monetary policy, economic growth and international economics. This is an applications course, relating the theoretical framework of economics to real-world economic developments. Students who successfully complete the course will have a good grasp of some of the fundamental economic issues and developments currently affecting the U.S. and global economies.
Credit Hours: 4
Prerequisites
ECO 321.
This internship exposes the student to a real-life learning experience. Students are hired by an organization for the specific objective of gaining work experience in that organization. The paid or unpaid internship should be relevant to the student's major, and is worked out between the organization and the student. May not be used to satisfy major requirements. Approval of the department chair required.
Credit Hours: 1-8
Prerequisites
Junior or senior standing,
ECO 320 and a minimum cumulative GPA of 2.75 or a 3.0 in COB courses.
A course offered at the discretion of the economics department. Subject may focus on a topic of current interest in the field, training in a specific area of the field, or a topic that is of interest to a particular group of students.
Credit Hours: 4
Prerequisites
To be specified at time of offering.
A readings or independent study course taken for variable credit.
Credit Hours: 1-4
Prerequisites
Minimum 3.0 GPA and consent of the department chair and associate dean.
For graduate students only. This is an introductory course in macro- and microeconomics for graduate business students. It studies inflation, unemployment and growth. It develops the theory of how markets work, with special attention to how prices are set in different market structures. Topics include opportunity cost; comparative advantage; supply, demand and prices; elasticity; production and cost; aggregate demand and aggregate supply; monetary and fiscal policy; and trade and exchange rates.
Credit Hours: 4
For graduate students only. This course covers current topics in income inequality and poverty within both developed and developing countries. For both inequality and poverty, students will study the various methods of economic measurement and identify recent dynamic trends. Empirical evidence will be used to scrutinize and explore current theoretical arguments aimed at explaining the trends. The course will analyze contemporary policies at both the country level and within global institutions (IMF, World Bank, bilateral aid programs) aimed at alleviating poverty and lessening inequality, and examine the linkages among inequality, poverty, growth, education technology and globalization.
Credit Hours: 4
Prerequisites
ECO 500.
For graduate students only. The course teaches students to use economic concepts to critically evaluate social, political and business decisions regarding environmental resource use, environmental regulation and environmental degradation. Students will gain insight into how to respond, as business decision-makers, to environmental regulations and to increased global competition for scarce resources.
Credit Hours: 4
Prerequisites
ECO 500 or permission of instructor.
The aim of this course is to provide MBA students with a survey of econometric techniques that are useful for understanding the macroeconomy. By combining economic theory with statistical techniques, students learn to model macroeconomic phenomena such as unemployment, real GDP and inflation. These models lend insight into the impact of monetary, government spending and tax policies pertinent to business decision-making. Econometric models are built and tested using the software programs Excel and Eviews. Students are required to write a research paper for completion of the course.
Credit Hours: 4
Prerequisites
For graduate students only
For graduate students only. This course introduces students to the global economic environment within which all modern business firms operate. The external factors considered, which directly or indirectly impact business decision-making and operations, include: domestic and foreign interest rates, exchange rate policies, foreign investment, overseas economic conditions, and international trade and capital flows. A primary objective of the course is to introduce students to major contemporary economic issues that are of international significance.
Credit Hours: 4
Prerequisites
ECO 500.
For graduate students only. The course explores U.S. antitrust law. Economic analysis is used to understand the motivations behind antitrust laws and to evaluate their success. Students will: 1) explore the social losses that can accompany market-power and why American society has chosen antitrust to deal with these consequences; 2) learn that collusive price fixing and market allocation communications and agreements are per se felony offenses, and that violators have been and continue to be sentenced to jail terms; and 3) analyze recent antitrust cases to understand the broad structure of antitrust law and to show the relevance of antitrust in the American business environment.
Credit Hours: 4
Prerequisites
ECO 500.
For graduate students only. The course will examine major economic and financial issues related to emerging markets, with a particular emphasis on the BRIC countries (Brazil, Russia, India and China). The following topics will be considered: Economic liberalization program undertaken by emerging markets in recent decades; Growth drivers in the emerging markets; Financial sector challenges facing key emerging markets; and, monetary policy challenges faced by emerging markets.
Credit Hours: 4
Prerequisites
ECO 500.
For graduate students only. The Economics of Organizations uses the business-related tenets of economics to generate a modern, consistent, formal framework for strategic decision-making. After introducing intermediate microeconomic theory, the course uses economic intuition to address cost issues ranging from outsourcing to the addition of new product lines, agency issues from explicit contract theory to the multi-task principle and team production, and imperfect competition issues ranging from Bertrand pricing to the measurement of market competition using Herfindahl indexes. The international dimension is integrated throughout the course in establishing the competitive organizational form for the firm given the market in which it competes.
Credit Hours: 4
Prerequisites
ECO 500,
MKT 500.
May be used to satisfy practicum requirements.
Credit Hours: 1-3
Prerequisites
Approval by the graduate office, the college internship coordinator and the associate dean. International students must consult with the Office of International Programs.
A course offered at the discretion of the ECO department. Subject may focus on a topic of current interest in the field, training in a specific area of the field, or a topic that is of interest to a particular group of students.
Credit Hours: 4
Prerequisites
To be specified at time of offering.
For graduate students only. Contemporary topics in economics.
Credit Hours: 1-4
Prerequisites
Minimum 3.5 GPA and written permission of the department chair.