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EC 101. PRINCIPLES OF ECONOMICS THREE CREDITS Presents basic economic problems and shows how these problems are solved in a free enterprise economy; the effects of the increasing importance of the economic role of government; the nature of national income and the modern theory of income determination; how money and banking, fiscal policy, and monetary policy fit in with income analysis and keep the aggregate system working. The course deals mainly with macroeconomic problems. EC 102. PRINCIPLES OF ECONOMICS II THREE CREDITS Based upon a broad microeconomic foundation concentrating on such units as the consumer, the firm, and the industry. A general view of the free market system; the economics of the firm and resource allocation under different market structures; production theory; pricing and employment of resources; economic growth and development. EC 230. MONEY AND BANKING THREE CREDITS A study of money, credit, and banking operations. Monetary standards, development of the American monetary and banking system. Recent developments in other financial institutions. Central banking and the Federal Reserve System; instruments of monetary control; international monetary relationships. (Cross listed with BA 230.) EC 319. ECONOMIC STATISTICS THREE CREDITS An introduction to the primary tools of research in business and economics: the collection, summarization, analysis, and interpretation of statistical findings relevant to business decisions. Two hours of lecture and one hour of individualized laboratory. Topics covered will include, but not be limited to, descriptive statistics, probability, sampling theory, hypothesis testing, and regression and correlation analysis. (Same as BA 319.) EC 320 THE ECONOMICS OF CRIME THREE CREDITS A study of the economic approach to crime and crime prevention. The course will apply economic analysis to such areas of interest as deterring crime, the impact of criminal activity, the allocation of crime-fighting resources, crimes against people, property crime, and victimless crimes. Controversial issues such as the desirability of the death penalty and gun control legislation will be featured. Prerequisite: EC 102 EC 330. PUBLIC FINANCE THREE CREDITS Fundamental principles of public finance; government expenditures; revenue; financial policies and administration; taxation; principles of shifting and incidence of taxation; public debts and the budget; fiscal problems of federal, state, and local government; the relation of government finance to the economy. Prerequisites: EC 101 and EC 102. EC 340. INTERNATIONAL TRADE AND FINANCE THREE CREDITS Classical and Neo-classical theories of trade; qualifications of the pure theory; new theories of trade; the transfer of international payments and the determination of foreign exchange rates; the balance of international payments; tariffs and other trade barriers; United States commercial policy and the General Agreement on Trade and Tariffs; current issues. Prerequisites: EC 101 and EC 102. EC 374. ECONOMICS OF HEALTH CARE THREE CREDITS This course provides an economic analysis of the health care industry and the public policy issues related to it. Discussion will focus on the industry's departure from a competitive model in terms of the prevalence of asymmetric information, supplier-induced demand, widespread insurance coverage, and the growth of managed care as well as the three key public policy issues of access, cost, and quality. Prerequisites: EC 102. EC 380. LABOR ECONOMICS THREE CREDITS A study of the forces that determine labor market outcomes such as wage rates, employment levels, and productivity of the workforce. Emphasis will be placed upon the various measures of labor supply as well as the differences in the demand for labor in competitive versus noncompetitive markets. Key topics will include: the various types of unemployment; search theory; the impact of legal and illegal immigration; collective bargaining and the economics of unions; labor market discrimination and comparable worth. Prerequisites: EC 101 and EC 102. EC 395-396. INDEPENDENT RESEARCH ONE TO THREE CREDITS Independent study and research for advanced students in the field of the major under the direction of a full-time faculty member. A research paper at a level significantly beyond a term paper is required. Prerequisites: EC 101 and EC 102. EC 399. COOPERATIVE EDUCATION ONE TO SIX CREDITS Professional cooperative education placement in a private/public organization related to the student's academic objectives and career goals. In addition to their work experience, students are required to submit weekly reaction papers and an academic project to a Faculty Coordinator in the student's discipline. (See the Cooperative Education section of this Bulletin for placement procedures.) Prerequisites: Sophomore standing, 2.0 cumulative average, consent of academic advisor, approval of placement by department chairperson. EC 198/298/398. TOPICS VARIABLE CREDIT Lectures on current issues and developments in economics. |
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