Economics (ECO)
A basic survey of economic principles involved in microeconomics and macroeconomics. this course is offered to non-business majors.
The basic principles of microeconomics are examined and an overview of the American economy. Market structure, income distribution, general equilibrium, and welfare economics are considered.
The basic principles of macroeconomics explore both the private and public sectors. National income determination, money and banking, economic growth, and international economics are considered.
Intensive study of economic analysis of consumption, output, price, and factor proportion problems and forms of decision making in different market structures.
Static and dynamic theories of aggregate economics, the measurement of economic activity, determination of national income and growth, and the control of economic activity.
Focus on measurement of central tendencies, probability concepts, sampling distribution, appreciation of statistical estimates, and hypothesis testing in uncertain situations.
The study of regression and correlation analysis, time series analysis and forecasting, Chi-square, and analysis of variance.
Various quantitative models involving matrix algebra, calculus, and functions are studied. The use of linear programming in business decisions is emphasized.
Description and analysis of the international economic relationships among the nations of the world with emphasis on the United States and international trade.
A study of monetary and banking systems in the United States. Highlighted are the roles of the Federal Reserve System and current monetary problems.
The evolution of economic ideas and concepts from ancient times to the present. A study is made of the major contributions of principal economic scholars.
A study of employment, labor markets, and the labor movement. Studied are theories of wage rate determinations, unemployment, human resource policy, worker’s compensation, and industrial disputes.
A study of the ideologies and functioning of capitalism, communism, and socialism, and how various economic principles and theories apply under these systems.
Student outreach to the community; teaching them the principles of economics and free enterprise.
Off campus on-the-job employment related to the discipline of economics.
Research and in-depth study of a particular economic concept or problem under the direction of a faculty member.