Economics Classes

ECO110E Principles of Microeconomics

Introduces fundamental concepts and definitions of economics, quickly reviews basic price determination through supply and demand, then takes a closer look at consumer demand and the output and price-setting decisions of the business firm. Examination of business decisions provides the basis for an evaluation of the efficiency of a market system, separating the theory of competition from the reality of market power. Students address the principles of supply and demand as they apply to the factors of production. Other topics may include income inequality and poverty, the theory of international trade, and economic planning and its problems. Prerequisite: MAT111E

ECO111E Principles of Macroeconomics

Following a descriptive examination of the principal institutions of the American economy, the course is devoted to analysis of the basic theory of aggregate economic activity and the application of the theory to current policy programs. Topics include national income accounting, the determinant of the level of income and employment, money and banking, fiscal and monetary policies, and economic growth and stability. Prerequisite: ECO110E

ECO115E Statistics

The purpose of this course is to develop an understanding on an introductory level of how statistical inferences are made in the face of uncertainty. The underlying role of probability is stressed. A secondary purpose is the application of various test designs to formulated research questions. These designs include: tests, analysis of variance, chi square analysis, and linear regression. Prerequisite: MAT114E

ECO120E Introduction to Global Studies

This course introduces students to several of today’s most pressing global issues and demonstrates how they are interconnected. Topics include: issues of global conflict, security, and peace; weapons proliferation; global economics, including trade and capital flows; development; and the natural environment. Attention is devoted to the debate over globalization and the development of international institutions.

ECO210E Economics of Women and the Family

This course will use introductory economics to examine various aspects in the lives of women and families. It begins with the economic decisions made within the family such as the division of labor within the household, as well as the factors affecting the decision to work outside the home. The second part of the course looks at the underlying reasons for the gender wage gap and the degree of poverty among women. Finally, women’s status in the U.S. is compared to what it was in the past and to what it is like today in other industrialized countries as well as developing countries. Policy issues are discussed throughout the course. Prerequisites: EC110E, EC111E

ECO212E Economics of the Public Sector

The focus of the course is on public goods — the products and services provided by the public sector — and the processes by which social choices are made. It examines taxation and tax burdens with emphasis on economic considerations underlying local, state, and federal government spending decisions. Prerequisites: ECO110E; ECO111E

ECO225E Entrepreneurial Finance

This course deals with the financial management issues facing start-up, closely held, and small-to medium sized businesses. Topics range from working capital management to raising debt or equity capital to dealing with a financial crisis. Emphasis will be placed on practical, hands-on tools and methodologies that assist managers in the strategic and operational management of their businesses. A highlight of the course is the development of a written business plan for a new business venture of the student’s choice.

ECO230E Law and Economics

After an introduction and review of legal institutions, the common law system, and microeconomics, this course turns to the economics of the principal areas of the common and criminal law. More specifically, it deals with the existing economic theories of property, contracts, torts and crime, and their applications. Prerequisites: ECO111E

ECO235E Environmental Economics

The course examines the relationships between the environment, markets, and business organizations. After an overview of the economics of the environment, it focuses on topics including: property rights; externalities; population problems; the allocation of depletable, renewable, and other resources; cost-benefit analysis; regulation and taxation; and the trading of pollution rights.

ECO238E Health Care Economics

This course examines the economic processes and activities of health care systems and institutions. Major issues including cost containment and the role of government, competition, market analysis, and the role of insurance are among the topics discussed to help students understand how economic considerations affect the delivery of care. Prerequisite: ECO110E

ECO325E Corporate Finance

Following a survey of all major financial markets and institutions, the principles and techniques utilized in the solution of problems encountered in the financial management of business during organization, expansion, and failure are examined. Particular attention is given to the problems of the corporation. Prerequisites: ACC125E, ACC126E, ECO110E, ECO111E, ECO115E

ECO327E Financial Management for Non-Profit Organizations

The focus of this course is on financial management and operational issues facing not-for-profit organizations. Topics include the development of an operating budget and pro-forma financial statements; lease vs. buy decisions; capital fund raising and other types of external financing; cash and investment management; and financial reporting, benchmarking and analysis. The course provides students with the theories and methodologies that assist employees and managers of non-profit entities in the operational and strategic management of their organizations. Prerequisite: ACC125E

ECO329E Money and Capital Markets

A study of the role of money and monetary institutions in the economy. A parallel development of the monetary theory and institutions that determine public monetary policy and its influence on domestic and international economic activity. Prerequisites: ECO110E; ECO111E

ECO351E International Economics

An examination of economic interdependence among nations through international trade and finance. Theory and policy concerns are presented in analyzing tariffs and other barriers to trade, foreign exchange markets and the balance of payments, and problems of liquidity, debt, and international monetary institutions. Connections between domestic and international economic policies are examined. Prerequisites: ECO110E; ECO111E

ECO357E Investment Theory

An examination of investing using economic analysis. Topics discussed include: types of investments, investment objectives, investment return and risk, security analysis, portfolio theory, the efficient market hypothesis, fundamental analysis, technical analysis, and the capital asset pricing model, among others. Prerequisites: EC110E, EC111E, EC115E