ECONOMICS (ECON 45.06)

ECON 211. Principles of Microeconomics. 3-3-0. Prerequisites: ENGL 101 and C or better in MATH 100 or MATH 101. Degree credit will only be given for one of the following: ECON 211 or 255. The theory of market exchanges and competition. Fundamental economic problems, methods of economic organization, and the price system. Topics include theory of demand supply; international trade; markets in various competitive environments; income distribution and resource allocation; market failure, democratic processes and government failure. (45.0601)

ECON 212. Principles of Macroeconomics. 3-3-0. Prerequisite: ECON 211 or 255.  The theory of the economy as a system. Problems of inflation and unemployment and policies to deal with these problems. Topics include determination of national income, employment, and price levels; money and banking; economic stabilization policies; international trade and finance.  (45.0601)

ECON 255. Survey of Economic Principles. 3-3-0. Prerequisites: ENGL 101 and eligibility to take MATH 101. Degree credit will only be given for one of the following: ECON 211 or 255. A course for students whose curriculum requires only a survey course in economics. Basic microeconomic and macroeconomic principles and their applications to such subjects as competition versus monopoly, the role of government, economic stabilization policies, and international trade and finance. (45.0601)

ECON 317. Economics of Money and Banking. 3-3-0. Prerequisites: ECON 255 or 212, MATH 102,  or 106 and completion of  54 hours of   coursework. Institutional structure of the U.S. financial system and Federal Reserve regulation. Mechanics, theory, and history of monetary policy. Theory of macroeconomic stabilization and international finance. (45.0601)

ECON 322. Environmental and Natural Resource Economics. 3-3-0. Prerequisites: ECON 211 or 255 and completion of  54 hours of  coursework. Environmental degradation and resource depletion as social problems. Examines both market and political institutions for improving human well being by making better use of natural resources. (45.0602)

ECON 325. Labor Economics. 3-3-0. Prerequisites: ECON 211 or 255 and 212, MATH 102  or 106, and completion of  54 hours of  coursework. Role of wages in allocating resources in competitive and imperfectly competitive markets. The economics of labor demand supply, human capital investment, union wage differentials and labor market discrimination. (45.0602)

ECON 330. Economics of Shipping. 3-3-0. Prerequisites: ECON 211 or 255 and 212 and completion of 54 hours of coursework. Key economic factors, supply and demand, sources of revenue, and shipping economics theories and trends as they relate to the offshore marine industry. Financial basics and capital decision-making for the ship owner. (52.0601)

*ECON 415. Health Care Economics. 3-3-0. Prerequisites: ECON 211 or 255, QBA 282, MATH 102   or 106 and completion of  54 hours of   coursework. The supply and demand for health services. Markets for health professionals and health care provider firms. Discusses the roles of insurance, managed care and HMO’s, professional licensure, for-profit and not-for-profit provider firms, and information problems in health care markets. Regulation, government financing of health care and health care reform issues discussed. (45.0602)

*ECON 435. Principles of International Trade. 3-3-0. Prerequisites: ECON 211 or 255 and 212, MATH 102 or 106, and completion of  54 hours of  coursework. An introductory course in international economics. Areas covered are trade theories, foreign exchange, tariffs and international economic organizations. The position of the United States in international trade is emphasized. (45.0605)

ECON 460. Economics Internship. 3-0-10. Prerequisites:  Permission of the department head. Supervised practical experience in an approved private or public organization involving work relevant to economic analysis. Only one internship may be counted toward degree. (52.0601)

ECON 465. Public Economics. 3-3-0. Prerequisites: Completion of  54 hours of  coursework, ECON 211 and 212 or ECON 255, and MATH 102 or 106. Causes and effects of public decision-making processes such as voting, public supply and financing of goods, problems of externalities and property rights issues. (52.0601)

ECON 485. Special Topics in Economics. 3-3-0. Prerequisites: Permission of the instructor.   In-depth treatment of selected topics within the field of economics.   Content varies with each offering.   May be repeated for credit if content differs. (52.0601)

ECON 500. The Economic Environment of Business. 3-3-0. Prerequisites: ECON 255 or ECON 211 and 212 or equivalent and QBA 282 or equivalent. Foundations of economic principles for business analysis and decision making. Topics include supply and demand, elasticity, market structure and competitive environment, short and long term profitability analysis, production and cost, economies of scale and scope, forecasting and estimation, and issues concerning the macroeconomic environment. (52.0601)