The BA in economics is designed to create high quality and analytically oriented professionals with a thorough grounding in critical thinking and research skills. The BA in economics provides an educational foundation based on the study of economic theory, analysis and application to issues concerning both the public and private sphere. The program allows students to minor or specialize in other fields. For example, an economics major seeking a career in business is encouraged to choose economics program electives from approved business and/or finance courses. A student planning to pursue a graduate degree in economics is advised to do a minor in mathematics; and a student who plans to attend law school is encouraged to minor in political science.
Economics provides students with a great deal of flexibility in terms of career and graduate school choices. The BA in economics prepares students for excellent careers in the corporate world, the public sector, banking, the non-profit sector, with international agencies and more besides. The program also prepares students for demanding graduate work in the field of economics leading to either a masters or a doctoral degree in economics, for entry into law school as well as for business-related and/or social science graduate programs.
ECO 3101 (formerly ECO 303) Intermediate Microeconomic Analysis
Economic and mathematical analysis of the equilibrium conditions of the household, the firm and the industry. The role of the price mechanism in resources allocation under conditions of competition, monopoly and imperfect competition; intermediate course in microeconomic theory designed to follow the basic principles course.
Prerequisite: ECO 2013 and ECO 2023
ECO 3703 (formerly ECO 307) Principles of International Economics
An introduction to international economics concepts. A study of the principles of comparative advantage, international economic policies, and relationship to domestic policies; analysis of tariffs and other forms of protectionism; preferential trade agreements; and analysis of the balance of payments, adjustments to disequilibria under varying conditions. Foreign exchange rates and alternative monetary systems are also discussed. Prerequisites: ECO 2013, ECO 2023 or ECP 2300
ECO 3302 (formerly ECO 308) Environmental Economics
An introduction to environmental economics. Economic principles and tools will be applied to environmental problems both of market and non-market natures. The goal is to equip the student with the tools necessary to address problems of environmental quality and analyze policy solutions.
ECO 310 Intermediate Macroeconomic Analysis
An examination of national income accounting and the determination of the level of income and employment; classical Keynesian and post Keynesian models; private, government, and foreign sectors; and theories of inflation and economic growth.
Prerequisites: ECO 2013 and ECO 2023
ECO 3303 (formerly ECO 340) History of Economic Thought
A survey of the development of economic ideas from ancient times, in particular from the 17th century to the present. Special attention is given to the interaction of political and economic thought, philosophy, and natural sciences in the light of the changing socio-economic and cultural background. Emphasis is placed on the evolution of English Classical and neo-classical doctrines and their criticism by the Marxist and Keynesian school. Prerequisite: ECO 2013 and ECO 2023
ECO 4421 (formerly ECO 401) Fundamentals of Econometrics
Focuses on application of mathematical and statistical methods to estimate the relationship between economic variables. Elementary econometric techniques will be introduced in this course to test and analyze economic models. Topics covered will include basics of probability and statistics, statistical inference, estimation and hypothesis testing, linear and multiple regression models, model adequacy, multicollinearity, heteroschedasticity, autocorrelation, time series analysis, and forecasting techniques. In addition, this course will apply these tools in econometrics to evaluate and understand current economic events and predict future economic phenomena. Prerequisites: ECO 2013, ECO 2023, STA 2023 and MAC 2233
ECO 402 Economic History of the United States I
A study of industrial progress from the colonial times to the Civil War, integrating economic and historical forces in influencing the social and political development of the United States. Prerequisites: ECO 2013, ECO 2023 or ECP 2300.
ECO 403 Seminar in Economics
This is the capstone course in economics. This is a policy -oriented, writing intensive course required for Economics majors in their senior year. The tools of economic analysis and theory learned in the core courses will be used to analyze and evaluate specific current as well as past economic issues and policies, both at micro and at macro level. Topics covered may vary in order to accommodate current important economic events. Prerequisites: ECO 3101, ECO 310, ECO 4421
ECO 404 Comparative Economic Systems
A critical evaluation of selected examples of the world's major economic systems and comparison of these systems on the basis of industrial production, agricultural exchange, credit and banking, income distribution, the status of labor, and international trade. Prerequisites: ECO 2013, ECO 2023 or ECP 2300
ECO 405, Economic History of the United States II
A study of industrial progress from the Civil War to the present time, integrating economic and historical forces in influencing the social and political development of the United States. Prerequisites: ECO 2013, ECO 2023 or ECP 2300.
ECO 413 Money and Banking
A study of the nature and function of money, credit, commercial banking, central banking, the Federal Reserve System, monetary and fiscal policies, international monetary principles, and problems. Prerequisites: ECO 2013, ECO 2023 or ECP 2300
ECO 4632 (formerly ECO 456) European International Business Economics Environment
A survey of the history of European countries with an emphasis on the International Business Economics Environment. This course concentrates on the region as a whole rather than on individual countries. Prerequisite: BUS 316D