Undergraduate Courses in Economics

ECO 100 Introduction to Economics.   Introduction to economic reasoning. Microeconomic topics include: analysis of demand, supply, and equilibrium in markets; behavior of firms based on revenue, cost, and profit; investment, savings, and interest rates; and employment and wages. Macroeconomic topics include: long-term economic growth and the standard of living; money, prices, and the consumer price index; business cycles; government spending and deficit finance; and international trade and exchange rates.
Recommended as a first course for students with no prior courses in economics. Not open to students who have taken or are currently enrolled in ECO 200 or 201 or their equivalents.

ECO 200 Principles of Microeconomics - Core Course.   Analysis of demand, supply, and equilibrium to understand prices and the level of trade in markets; production and cost; competitive market dynamics; effects of monopoly power on prices and production; markets for resources, including capital, labor, and natural resources.
Prerequisite: 3 credits of college math (e.g. MATH 101 or exemption from that course).

ECO 201 Principles of Macroeconomics - Core Course.   Fluctuations in national output and inflation, monetary and fiscal policy.
Prerequisite: 3 credits of college math (e.g. MATH 101 or exemption from that course).

ECO 210 Money and Banking - Elective Course.   Monetary and banking principles and practice; current issues; theory and policy.
Prerequisite: ECO 200 and ECO 201.

ECO 220 Techniques of Economic Analysis - Core Course.   Mathematical techniques applied to economic models. Topics include matrix algebra, limits, differentiation, optimization, and integration.
Prerequisite: ECO 200 and MATH 125 (or exemption from that course).

ECO 221 Economic Statistics - Core Course.   Introduction to statistics for use in economics. Topics include probability theory; variance, covariance, and correlation; simple regression.
Prerequisite: MATH 125 (or exemption from that course).

ECO 260 Business Organization and Management - Elective Course.   Roles and functions of management in a business society. Topics include planning, organizing, staffing, leading, motivating, communicating, and controlling; the evolution of modern management ideas; the influence of environmental factors on business organizations.
Prerequisite: ECO 200.

ECO 300 Intermediate Microeconomics - Core Course.   The economics of consumer choice and the demand for goods; producer choice, including the supply of goods and the demand for labor and other inputs; the effects of competition and monopoly power on prices and production.
Prerequisite: ECO 200 and ECO 201 and ECO 220.

ECO 301 Intermediate Macroeconomics - Core Course.   Economic analysis of the economy as a whole, including modern macroeconomic theories and evidence. Topics include economic growth and the long-run standard of living; accounting for the sources of economic growth; money, interest, and inflation; inflation and unemployment; the effects of government spending and budget deficits; and exchange rate determination.
Prerequisite: ECO 200 and ECO 201, and ECO 220.

ECO 310 Financial Institutions - Elective Course.   Operation, administration, and regulation of U.S. banking, investment, and credit institutions.
Prerequisite: ECO 210.

ECO 315 Public Finance - Elective Course.   The role and economic consequences of the public sector in a mixed economy. Topics include cost-benefit analysis, effects of taxation, state and local finance, and reasons for government involvement (e.g., externalities and public goods).
Prerequisite: ECO 200.

ECO 321 Econometrics - Core Course.   Application of statistical methods to economic models. Topics include linear regression; hypothesis testing; variance estimation; time series analysis.
Prerequisite: ECO 220 and ECO 221 and CSCI 100 (or equivalent).

ECO 330 Economic Development - Elective Course.   Theory and evidence regarding economic development; institutions and policies for savings, investment, and growth; technology; population.
Prerequisite: ECO 201.

ECO 340 International Trade - Elective Course.   Theories of international trade and international trade policies.
Prerequisite: ECO 200.

ECO 341 International Finance - Elective Course.   Theories of exchange rate determination and open-economy macroeconomic theory and policy.
Prerequisite: ECO 201.

ECO 345 Labor Economics - Elective Course.   Economics is used to understand: the determination of wages, employment, workweeks; the acquisition of skills such as through schooling; migration, unions, discrimination, and unemployment.

Prerequisite: ECO 200.

ECO 350 Comparative Economic Sytems - Elective Course.   Comparative analysis of market and planned economies in theory and practice. Processes and problems of transitions between planned and market economies.
Prerequisites: ECO 200 and 201.

ECO 355 Industrial Organization - Elective Course.   The organization of firms and markets. Topics include antitrust (including policies toward monopoly, price-fixing, exclusionary tactics, and price discrimination) and regulation (including public utilities, consumer and worker safety, and the environment).
Prerequisite: ECO 200.

ECO 356 Business and Public Policy - Elective Course.   Analysis of the intersection between business and goverrnment in market economies. topics may include protection of intellectual property, economic regulation, health and safety regulation, antitrust, and the behavior of private firms in the political and social realms.
Prerequisite: ECO 200.

ECO 360 Managerial Economics - Elective Course.   Theory of the firm, risk and uncertainty; forecasting, capital allocation, analysis of costs and returns, pricing.
Prerequisite: ECO 200.

ECO 365 Corporate Finance - Elective Course.   Financial organization and practices of corporate enterprise, procedures and policy.
Prerequisite: ECO 200; beginning September 2009, ECO 200, and ECO 221 or STAT 213.

ECO 366 Security and Investment Analysis - Elective Course.   Operation of the stock market; security analysis and evaluation; economic variables influencing security values.
Prerequisite: ECO 365.

ECO 370 Law and Economics - Elective Course.   The course uses analytical tools of microeconomics to examine various aspects of the law, including property, contracts, torts, liability, and criminal and family law.
Prerequisite: ECO 200.

ECO 498 Internship in Economics or Accounting [1 hr, 1 cr].   Opportunities for working in positions of responsibility in professional institutions (including private firms, not-for-profit institutions, and government agencies) for academic credit. The position must provide opportunities for learning about some area of economics, accounting, business, or related public policy. Credits may not be used towards the requirements for the Economics or Accounting Major. CR/NC grading is mandatory.
Prerequisite: Open only to qualified Economics or Accounting majors, upper Junior/Senior only. Enrollment is subject to approval of department Advisor. Course may be taken no more than twice.

ECO 499 Honors Project.   Supervised individual research and directed reading. Honors essay. Junior/Senior only.
Prerequisites: for Accounting majors, ECO 321 and 372; for Economics majors, ECO 300, 301, and 321; 3.5 GPA in major; permission of the chair.