Course Descriptions – Economics

ECON 231 – Principles of Microeconomics – 3 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: Sophomore Status, (Students may not take ECON 231 and 232 at same time.) Offered every semester

ECON 232 – Principles of Macroeconomics – 3 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: Sophomore Status, (Students may not take ECON 231 and 232 at same time.) Offered every semester

ECON 321 – Current Economic Problems – 3 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 every other fall in odd years.

ECON 333 – Money, Credit, and Banking – 3 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 in even years.

ECON 356 – Labor Economics – 3 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 every other spring in odd numbered years

ECON 370 – Economics of Sport – 3 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 431 – Managerial Economics – 3 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 other fall in even years.

ECON 443 – Public Finance – 3 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 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 431 and ECON 333 Offered on an irregular basis.