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Bulletins

ECO - Economics

ECO 101 Economics as a Way of Thinking

Introduction to the economic way of thinking and its applications to decision making in daily living. Emphasis on basic understanding of the economic aspects of current issues. Credit on the Economics major will be given only if this course is taken prior to the following courses: ECO 201, 202, 203.

Credits
3(3-0)

ECO 110 Economics and Society

An examination of the development of economic thought and institutions with emphasis on the application of this knowledge to the understanding of today's world. Credit on the economics major will not be given if this course is taken after ECO 201 or ECO 202 or ECO 203.

Credits
3(3-0)

ECO 150 Current Economic Problems

Economic topics of current national and international concern. Economic issues with which informed voters must deal. No credit if credit has been earned in ECO 201 or ECO 202 or ECO 203 or ECO 204. (University Program Group III-B: Studies in Social Structures)

Credits
3(3-0)

ECO 201 Principles of Macroeconomics

Provides understanding of basic principles of economics, methods of National Income accounting, inflation, unemployment, role of government, money and banking, monetary policy, and international economics. Credit may not be earned in more than one of ECO 201 and 204. ECO 201 may not be applied toward the University Program requirements if a student is earning the Bachelor of Science in Business Administration degree. This course may be offered in an online or hybrid format. (University Program Group III-B: Studies in Social Structures)

Credits
3(3-0)

ECO 202 Principles of Microeconomics

Introduction to scarcity, choice, and opportunity cost; supply and demand; welfare economics; household and firm behavior; competition and monopoly; resource markets. Credit may not be earned in more than one of ECO 202 and ECO 203. This course may be offered in an online format. (University Program Group III-B: Studies in Social Structures)

Credits
3(3-0)

ECO 203 Microeconomic Principles for Business

Introduction to economic decision-making by consumers and managers within a market system. Topics include supply, demand, elasticity, production, costs, price, market structure, and resource markets. Credit may not be earned in more than one of ECO 203 and ECO 202. Prerequisites: BUS 100, admission to Professional Business Studies.

Credits
3(3-0)

ECO 204 Principles of Macro- and Global Economics

Introduction to GDP, inflation, unemployment, business cycles, interest rates, money and banking, monetary and fiscal policy, economic growth, international trade for business students. Credit may not be earned in more than one of ECO 201 and ECO 204. This course may be offered in an online format. Prerequisites: ECO 203, Tier 1 continuing admission to Professional Business Studies.

Credits
3(3-0)

ECO 211 Economics of Professional Team Sports

Study of the economics and industrial relations systems of professional sports leagues in baseball, football, basketball, and hockey in North America.

Credits
3(3-0)

ECO 222QR Behavioral Economics

Examines the roles of self-interest, altruism, expectations and information in individual and group decision-making. In-class experiments simulate market behavior and test theoretical predictions. Quantitative Reasoning. (University Program Group III-A: Behavioral Sciences)

Credits
3(3-0)

ECO 230 Women in the Economy

A study of the past and present role of women in the economy, as workers, both inside and outside the labor market. Identical to WGS 230. Credit may not be earned in more than one of these courses.

Credits
3(3-0)

Cross Listed Courses

WGS 230

ECO 266 Economics of Poverty and Discrimination

Economic analysis of the causes of poverty and alternative government solutions. Discrimination in education, housing and labor markets and their relationship to other social problems.

Credits
3(3-0)

ECO 281 Economic Development of the Pacific Rim

Rapid development of Pacific Rim economies and its impact on our economy is studied. The roles of history and culture in economic policy are studied. (University Program Group IV-B: Studies in Cultures Outside of the Anglo-American Tradition)

Credits
3(3-0)

ECO 285 Statistical Methods in Economics

Fundamental statistical techniques emphasizing application of statistical methods to economic analysis, index numbers, seasonal and cyclical variation in economic data. Prerequisites: ECO 201 or ECO 204 or ECO 213 or ENT 213; math competency.

Credits
3(3-0)

ECO 301 Environmental Economics

Basic economic understanding of environmental/ecological problems arising from a free enterprise system. Economists' solutions presented without advanced economic theory or mathematical computation. Recommended: ECO 202 or 203.

Credits
3(3-0)

ECO 306 Money and Banking

The nature of money and credit; history, structure, and functions of banking institutions, with emphasis upon Federal Reserve System and questions of appropriate public policy. Prerequisites: ECO 201 or 204; ECO 202 or 203.

Credits
3(3-0)

ECO 310 American Economic Development

Realistic interpretation, with emphasis on economic change and its significance in social, cultural, and political evolution. Recommended: ECO 201 or ECO 202 or ECO 203.

Credits
3(3-0)

ECO 315 Economics of Immigration

The economics of immigration: U.S. immigrant characteristics, impact of immigration on the U.S. economy, and public policies towards immigration. Prerequisite: ECO 202 or 203.

Credits
3(3-0)

ECO 320 European and Asian Economic History

Realistic introduction to the diverse economic experiences of advanced European and Asian nations from the British industrial revolution to the present. Recommended: ECO 201 or ECO 202 or ECO 203.

Credits
3(3-0)

ECO 350 Law and Economics

Theory and application of analytical tools of law and of economics in an integrative approach to both subjects. Identical to BLR 350. Credit may not be earned in more than one of these courses. Prerequisites: BLR 202 or 235, ECO 202 or 203.

Credits
3(3-0)

Cross Listed Courses

BLR 350

ECO 360 Public Economics

Appropriate and actual roles of government in market economies, and how government influences the use of resources and distribution of income. Prerequisites: ECO 202 or ECO 203.

Credits
3(3-0)

ECO 365 Intermediate Microeconomic Theory

An intensive treatment of the theories of supply and demand, consumer and producer behavior, market structure, and other micro theories and issues. Prerequisite: ECO 202 or 203.

Credits
3(3-0)

ECO 370 Intermediate Macroeconomic Theory

National income accounting; income, employment, interest rate and inflation theory and policy; theory and problems of economic growth. Prerequisites: ECO 201 or 204; ECO 202 or 203.

Credits
3(3-0)

ECO 372 International Economics

Basic background in international trade theory and practices, exchange rates and balance of payments, and international monetary arrangements. Prerequisites: ECO 201 or ECO 204; ECO 202 or ECO 203.

Credits
3(3-0)

ECO 375 Economics of Cities and Regions

Elementary theories of regional economic analysis used in solving specific problems such as pollution, housing, segregation, and conservation. Emphasizes urban regions. Prerequisites: ECO 201 or ECO 202 or ECO 203.

Credits
3(3-0)

ECO 380 Comparative Economic Systems

Comparative study of economic institutions in a world of politicoeconomic change. An analysis of capitalism, fascism, socialism, and communism. Recommended: ECO 201 or ECO 202 or ECO 203.

Credits
3(3-0)

ECO 381 Patterns of Economic Development

A study of the problems, processes, and theories of economic change in today's less developed countries. Recommended: ECO 201 or ECO 202 or ECO 203.

Credits
3(3-0)

ECO 385 Introduction to Econometrics

Introduction to the theory and practice of linear regression analysis in economics focusing on single equation methods. Extensive computer applications. Prerequisites: ECO 202 or 203; ECO 285 or STA 282 or STA 382.

Credits
3(3-0)

ECO 397 Special Studies in Economics

Experimental courses to cover materials of special interest not covered by courses in the regular curriculum. Prerequisite: permission of instructor.

Credits
1-6(Spec)

ECO 410 Government and Business

Relations of industry, especially corporations, to government, antitrust laws and their enforcement; public policy toward business; problems of unfair competition; patents and trademarks. Prerequisites: ECO 202 or ECO 203.

Credits
3(3-0)

ECO 411 The Economics of Slavery in the U.S.

The economic indictment of southern slavery; new challenges to this indictment; implications of the existence of southern slavery for present economic policy decisions. Recommended: ECO 201 or 202.

Credits
3(3-0)

ECO 414 Labor Economics

Labor market operations and wage determination; human capital investment; labor market discrimination; wage differentials; impact of unionization on wages; collective bargaining. Prerequisite: ECO 202 or 203.

Credits
3(3-0)

ECO 425 The Economics of Industrial Organization

Concepts, theories, and evidence which relate industry structure to behavior and performance of firms. Provides a basis for evaluating public policy. Prerequisites: ECO 202 or ECO 203. Recommended: ECO 201 or ECO 204.

Credits
3(3-0)

ECO 440 Managerial Economics

Application of microeconomic theory to a variety of management decisions such as internal resource allocation, pricing, market entry and the boundaries of the firm. Prerequisite: ECO 202 or ECO 203.

Credits
3(3-0)

ECO 490 Economics Internship

Provides a bridge between academic training and work experience. Allows application of principles of economics to a job and job experiences to classes. CR/NC only. Prerequisites: 56 semester hours completed; signed economics major or minor; 12 credit hours of economics (ECO 201 or ECO 204, ECO 202 or ECO 203 and at least one course 300 level or above); overall GPA of 2.75 or higher; prior approval of departmental supervisor.

Credits
1-3(Spec)

ECO 503 Seminar in Urban Economics

Economic aspects of urban regions; their growth; household location; pollution; poverty. Solutions-oriented discussion of urban problems. Complements ECO 504. Recommended: ECO 375.

Credits
3(3-0)

ECO 508 Monetary Theory

Further development of theories of money supply, money demand, the options of monetary policy, and the effects of monetary policy on the economy. Prerequisite: ECO 306 or ECO 370.

Credits
3(3-0)

ECO 515 Collective Bargaining and Labor Law

Development of various phases of labor law, especially under statutes such as the Wagner Act, Taft-Hartley Act, and Landrum-Griffin Act. Prerequisite: ECO 201 or ECO 204; ECO 202 or 203. CR/NC option available.

Credits
3(3-0)

ECO 526 Research in Economic History Post 1870

In-depth examination of specific topics in early- to mid-20th century economic history and instruction in how to conduct and read scholarly research in economics. Prerequisite: ECO 365, 370, MTH 132, STA 282, or graduate standing in economics.

Credits
3(3-0)

ECO 532 Economic Forecasting

Nature and causes of economic fluctuations. Methods of predicting price levels and economic activity. Prerequisites: ECO 201 or ECO 204; ECO 202 or ECO 203.

Credits
3(3-0)

ECO 572 International Monetary Economics

International monetary and financial markets are studied. Topics include exchange rate policy, international Capital Flow and purchasing power parity theory. Prerequisites: ECO 372.

Credits
3(3-0)

ECO 585 Econometrics

Thorough treatment of statistical estimation methods and their properties for simultaneous equation systems. Also includes discussions of types of systems, solution methods and identification. Prerequisites: STA 580 and MTH 132; or graduate standing in Economics.

Credits
3(3-0)

ECO 586 Econometric Applications

Economic applications and empirical implementation and interpretation of econometric techniques. Extensive computer applications. Prerequisites: BUS 300 or STA 382; or graduate standing in Economics.

Credits
3(3-0)

ECO 590 Seminar Readings

Elective honors course for majors or minors in economics. Recommended: 12 hours of economics with B average.

Credits
1-3(Spec)

ECO 591 Seminar Research Studies

Independent study on special problems for majors and minors in economics. Prerequisite: permission of instructor. Recommended: 9 hours of 300- to 500-level economics.

Credits
1-3(Spec)

ECO 597 Special Studies in Economics

Experimental courses to cover material of special interest to both undergraduates and graduates not covered by courses in the regular curriculum. Prerequisite: permission of instructor.

Credits
1-3(Spec)