Course Descriptions

Please refer to the current Academic Bulletin for the most updated list of course descriptions for this major.

ECON 231 Principles of Microeconomics
3 Semester Credit Hours

An introductory course in the theory of value and distribution. Topics include the rational behavior of consumers, resource owners, and business firms; the pricing of output and resources under various market conditions; and the inter- relationship of economic units in a system of price-making markets. Prerequisite: MATH 101, MATH 103, MATH 105 or MATH 121. Offered every Fall semester.

ECON 232 Principles of Macroeconomics
3 Semester Credit Hours

An introductory course in the determination of the overall level of employment, income, output and prices. Topics include unemployment, inflation, monetary and fiscal policies, international trade and economic growth. Prerequisite: ECON 231. Offered every Spring semester.

ECON 321 Current Economic Problems
3 Semester Credit Hours

A course in the application of basic economic principles to current microeconomic and macroeconomic problems. Topics include poverty, crime, pollution, health care, higher education, discrimination, unemployment, inflation and the government budget. Prerequisites: ECON 231 and ECON 232. Offered on an irregular basis.

ECON 333 Money, Credit, and Banking
3 Semester Credit Hours

An institutional and theoretical examination of American monetary and credit arrangements. Topics include the commercial and central banking systems, financial markets, macroeconomic theory and the effectiveness of monetary policy. Prerequisites: ECON 231 and ECON 232. Offered every other Spring semester.

ECON 356 Labor Economics
3 Semester Credit Hours

This course surveys the demand and supply of labor, investment in human capital, market structure and the efficiency of labor markets, discrimination, collective bargaining, the distribution of income and unemployment. Prerequisites: ECON 231 and ECON 232. Offered on an irregular basis.

ECON 359 Managerial Statistics
3 Semester Credit Hours

Presentation of the role of sampling and statistical control procedures in managerial decision making under conditions of risk and uncertainty. Fundamental probability distributions and their use in classical and Bayesian inference. Prerequisites: MATH 101 or MATH 103 or MATH 121. Offered every Fall semester and every other Spring semester. Cross-listed with BA 359.

ECON 370 Economics of Sport
3 Semester Credit Hours

This course is designed to provide the student with an economic understanding of professional and amateur sports. Topics to be studied include professional sport leagues, individual professional teams, the NCAA and its divisional structure, as well as, the economic impact sports have on the communities they serve. Prerequisites: ECON 231 and ECON 232. Offered on an irregular basis.

ECON 401 Directed Research in Economics
3 Semester Credit Hours

This course is designed to provide the student with an opportunity to gain or enhance economic knowledge and to explore an area of interest related to economic research. Prerequisites: ECON 231, ECON 232, BA/ECON 359 and commitment of a full-time Wesleyan economics instructor. Offered as needed.

ECON 405 Economics of Health and Health Care
3 Semester Credit Hours

The study of health and health care decisions by firms, households, and governments as using economic theories and models. Students use microeconomic tools to analyze efficiency and equity in health and health care markets. Prerequisite: ECON 231. Offered on an irregular basis.

ECON 431 Managerial Economics
3 Semester Credit Hours

Aspects of micro-economics theory most relevant to business decisions are discussed and studied. Objectives of the firm, profit and values; risk analysis; decision-making under uncertainty; demand theory; estimation of demand; production theory; empirical cost analysis; market structures and pricing and output decisions. Prerequisites: ECON 231 and ECON 232. Offered every Fall semester.

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ECON 440 Public Finance
3 Semester Credit Hours

This course will examine the role of the government in economic decision making and how public finance fits into the general area of economics. Such issues as how government action can promote efficiency and equity and how government is financed will be addressed. Also formal systems of economic analysis will be examined. Prerequisites: ECON 231 and ECON 232. Offered on an irregular basis.

ECON 498 Topics in Economics
3 Semester Credit Hours

Each of the following topics will be taught to meet student demand: comparative economic systems, public finance and economic history of the United States. Prerequisites: ECON 231 and ECON 232. Offered on an irregular basis.