Academic Catalog

Economics (ECO)

ECO 200: Survey of Economics

A basic survey of economic principles involved in microeconomics and macroeconomics. this course is offered to non-business majors.

Credit Hours: 3
Contact Hours: 3
ECO 201: Prin of Economics I

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.

Credit Hours: 3
Contact Hours: 3
ECO 202: Prin of Economics II

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.

Prerequisite: ECO 201
Credit Hours: 3
Contact Hours: 3
ECO 301: Microeconomics

Intensive study of economic analysis of consumption, output, price, and factor proportion problems and forms of decision making in different market structures.

Prerequisite: ACC 201, BUA 204 and ECO 201, all with grades of C or better
Credit Hours: 3
Contact Hours: 3
ECO 302: Macroeconomics

Static and dynamic theories of aggregate economics, the measurement of economic activity, determination of national income and growth, and the control of economic activity.

Prerequisite: ACC 201, BUA 204 and ECO 201, all with grades of C or better
Credit Hours: 3
Contact Hours: 3
ECO 311: Business Statistics I

Focus on measurement of central tendencies, probability concepts, sampling distribution, appreciation of statistical estimates, and hypothesis testing in uncertain situations.

Prerequisite: MAT 115 or higher; ACC 201, BUA 204 and ECO 201, all with grades of C or better
Credit Hours: 3
Contact Hours: 3
ECO 312: Business Statistics II

The study of regression and correlation analysis, time series analysis and forecasting, Chi-square, and analysis of variance.

Prerequisite: ECO 311
Credit Hours: 3
Contact Hours: 3
ECO 321: Quantitative Methods Dec Mak

Various quantitative models involving matrix algebra, calculus, and functions are studied. The use of linear programming in business decisions is emphasized.

Prerequisite: MAT 115 or higher and ECO 311 or BUA 320
Credit Hours: 3
Contact Hours: 3
ECO 329: International Economics

Description and analysis of the international economic relationships among the nations of the world with emphasis on the United States and international trade.

Prerequisite: ACC 201, BUA 204 and ECO 202, all with grades of C or better
Credit Hours: 3
Contact Hours: 3
ECO 411: Money and Banking

A study of monetary and banking systems in the United States. Highlighted are the roles of the Federal Reserve System and current monetary problems.

Prerequisite: ECO 202 and FIN 330
Credit Hours: 3
Contact Hours: 3
ECO 420: History Economic Thought

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.

Prerequisite: ACC 201, BUA 204 and ECO 202, all with grades of C or better
Credit Hours: 3
Contact Hours: 3
ECO 424: Labor Economics

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.

Prerequisite: ACC 201, BUA 204 and ECO 202, all with grades of C or better
Credit Hours: 3
Contact Hours: 3
ECO 425: Comparative Economic Sys

A study of the ideologies and functioning of capitalism, communism, and socialism, and how various economic principles and theories apply under these systems.

Prerequisite: ACC 201, BUA 204 and ECO 202, all with grades of C or better
Credit Hours: 3
Contact Hours: 3
ECO 470: Students Free Enterpr (SIFE)

Student outreach to the community; teaching them the principles of economics and free enterprise.

Prerequisite: junior or senior status and consent of chairperson
Credit Hours: 3
Contact Hours: 3
ECO 480: Economics Internship

Off campus on-the-job employment related to the discipline of economics.

Prerequisite: junior or senior classification and consent of chairperson
Credit Hours: 3
Contact Hours: 3
ECO 499: Independent Study

Research and in-depth study of a particular economic concept or problem under the direction of a faculty member.

Prerequisite: Senior classification and consent of chairperson
Credit Hours: 3
Contact Hours: 3