ECO Description
ECO 201 Microeconomics (3 credits)
Economic analysis of consumer and producer behavior and decision making with a concentration on how economic agents voluntarily interact in markets for various goods and services. Topics include demand/supply analysis emphasizing allocation efficiency, opportunity cost and elasticity; the theory of consumer utility maximization; short and long-term cost and production decisions in the theory of the firm; price, output and profit maximization under differing market structures including competitive, monopolistic and hybrid alternatives; the pricing of input resources including labor and capital along with income distribution implications; market failure and the consequences of government regulation; and introduction to international finance and the balance of payments.
Prerequisite: Co-requisite ENG 201
ECO 202 Macroeconomics(3 credits)
Introduction to the foundations of economic analysis with concentration on macroeconomics structure and models as they relate to the global economy. Course focuses on fundamentals of demand and supply analysis, salient facts about the economy’s performance; measures of economic activity such as GDP, employment and inflation; determinants of trends in economic growth and business cycle fluctuations; fiscal, monetary and international trade policies and their effect on domestic and foreign business cycles and growth.
Prerequisite: Co-requisite ENG 201
ECO 310 Intermediate Economics(3 credits)
This course is divided into two parts. The first part emphasizes the micro economics theory necessary for welfare analysis, public goods, externalities, imperfect markets, and indivisibility in consumption. The second part stresses the macro economics theory necessary to explain the aggregative aspect of today’s economic world including income distribution, income determination, exchange rate determination, business cycles, and inflation.
Prerequisites: ECO 201, ECO 202
ECO 320 Labor & the Economy(3 credits)
This course introduces analysis of the nature and underlying causes of the problems facing the worker in modern economic society. It includes an examination of wages, unemployment, economic insecurity, labor market discrimination, trade union movements, labor legislation, and collective bargaining. Real-life cases and fieldwork projects are part of the evaluation criteria in this course.
Prerequisite: ECO 202
ECO 330 Economics and Human Development (3 credits)
Students in this course shall apply their knowledge of micro and macro economics principles to study and analyze issues related to human development. The course is specifically designed to build theoretical knowledge and analytical understanding in order to undertake research and engage in economics debate around human development. Topics include poverty, population theory, growth and economic change, and the impact of human development policies and programs. Students shall be engaged into relevant scientific, socio-economic and political aspects of human development and demonstrate an awareness of practical dilemmas. Case studies and field work are part of the evaluation criteria in this course.
Prerequisites: ECO 201, ECO 202
ECO 350 Managerial Economics 3 credits)
The aim of this course is to enable students to integrate the various principles and concepts from different fields of economics with typical problems of managerial decision-making and policy formulation. The context of the course extends to business organizations in the local or the global markets. Topics included in this course are: economics of business organizations, demand theory applications, forecasting trends and change, production management, cost theory applications, market structures, pricing strategies, investment analysis, capital budgeting, and economic optimization.
Prerequisites: ECO 201, MGT 201, STP 210
ECO 380 Seminar in Economics(3 credits)
A variable content classroom course in economics in which students pursue topics or subjects of current interest that are not part of the regular curriculum. A specific course description will be published in the course offering schedule.
Prerequisite(s): Consent of Advisor.
ECO 390 Introduction to Econometrics (3 credits)
Students in this course shall use statistical methods to estimate and test economic models. Topics include theory and application of simple and multiple regression techniques, with emphasis on the problems arising in the analysis of economic data.
Prerequisites: ECO 202, STP 210
ECO 410 International Economics (3 credits)
The aim of this course is to introduce students to the theory and policy of international trade and international economic relations. Topics also include migration, international corporations, and investment.
Prerequisites: ECO 201, ECO 202
ECO 420 Economics of Natural Resources(3 credits)
Students shall be acquainted with natural resources and the environment and their role in economic development. This course will examine the issues surrounding changes in the environment in developing nations during the process of industrialization, trade-offs between economic growth and resource depletion, and sustainable development. Real-life case studies will be used to foster critical thinking and enable students to provide creative solutions to recurring problems.
Prerequisite: Senior standing
ECO 430 Public Finance and Fiscal Policy(3 credits)
This course shall offer students a comprehensive understanding of economic theory and applications in the field of public finance and fiscal policy. Topics include the study of market failure, the provision of public goods, benefit-cost analysis, public expenditures, and the principles of government finance.
Prerequisites: ECO 201, ECO 202, FIN 310
ECO 497 Professional Training Practice(3 credits)
Students work throughout a semester during their junior or senior year with a company in an area of business related to the student’s major. This course provides students with on-the-job experience in their major. This experience will enhance and apply those concepts taught in the classroom.
Prerequisite: Junior Standing and Consent of Advisor
ECO 499 Final Project(3 credits)
This course is divided into parts: the first part teaches students the importance of taking the time and effort for a thorough project initiation and plan launch to ensure that the project starts off on the right foot. Students will learn how to conduct project requirements sessions and develop the business case, as well as define the project charter and create the project plan approach. This course has been designed from a practitioner's perspective, so students will come away from each course with information they can immediately apply on the job.
The second part gives the student the ability to plan, design, implement, and test the project. Students are required to document the project design experience from start until finish. Students shall prepare a professional manuscript and to present details in front of a jury.