Economics

Name	Title	Credits	School
ECON-501	Principles of Economics I	1.5	Management
A study of basic economic concepts emphasizing analysis of the aggregate economy. The fundamental concepts of national income and its determination, economic fluctuations, monetary and fiscal policies, and economic growth are covered.
ECON-510	Principles of Economics II	1.5	Management
An examination of the processes of price determination, output, and resource allocation in perfect and imperfect competition. Also covers labor economics, international trade and finance, and alternative economic systems.
ECON-595	Survey of Economics	3.0	Management
A basic introduction to economic analysis, with emphasis on the problems and issues of a modern economy.
ECON-601	Managerial Economics for Decision Making	3.0	Management
Application of economic theory and quantitative methods to business decision making. Topics: consumer choice, product demand, marginal pricing, neoclassical and linear production theory, market structure, and choice under imperfect information. Prerequisite Course(s): ECON-595, MIST-595, QANT-595, and QANT-601
ECON-610	Macro Environment of Business	1.5	Management
This course covers topics on national income accounting, financial markets, cyclical fluctuations, policy analysis, and forecasting. Economic forecasts and the impact of governmental policies on economic activities using the Fair Model are discussed. Prerequisite Course(s): ECON-501
ECON-620	Microeconomic Industry Analysis	1.5	Management
This course introduces students to applied econometrics and model building for policy analysis and forecasting. Demand models are developed to demonstrate the econometric and forecasting methods and utilize an industry standard econometric software package. Prerequisite Course(s): ECON-501 and QANT-501
ECON-710	Macroeconomics	3.0	Management
A detailed examination of the relationship involving consumption, investment spending, the impact that government and international economic transactions have on the economy, and the special role that money and interest rates play in determining output and employment levels. Also, the course analyzes the phenomena of productivity and economic growth, including a discussion of the major theoretical approaches to these issues.
ECON-720	Applied Business Forecasting	3.0	Management
This course studies the various business and economic forecasting methods and techniques. Single and multiple equation regression and time series methods are studied. The techniques are used to forecast the cyclical behavior of the overall economy as well as industry production and sales. The course will utilize applied quantitative techniques and employ software packages and Internet based applications. An applied forecasting project is required from each student. Prerequisite Course(s): QANT-601
ECON-742	Labor Economics	3.0	Management
The focus of this course is the macro and microeconomic aspects of the labor market. Included are the examinations of the economic, demographic, and technological factors affecting the nation's workplaces. Key issues of wages and employment are considered from the perspective of labor market theory. Other topics include productivity, unemployment, education and training, occupational choice, and government sponsored human resource programs.
ECON-745	World Trade in Goods, Services, and Assets	3.0	Management
This course reviews theories of trade and explains the institutional arrangements that shape international trade in goods, services, and assets. Various trade strategies are considered and their effects on economic growth are discussed. Free vs. managed trade agreements are reviewed. International capital markets and foreign exchange markets are studied to clarify the relationships between capital flows and potential financial crisis. The strategic role of multinational corporations in international trade is evaluated. Prerequisite Course(s): ECON-595 and QANT-595
ECON-760	Global Comparative Economic Performance	3.0	Management
This course is designed to bridge the gap between the abstract theoretical models and the practical data based needs of decision makers. It is also intended to provide decision makers with a compact and consistent framework for a sophisticated reading of economic signals for the gauging of the state of the global economy. A small subset of economic indicators will be used to capture the essence of the bewildering stream of economic signals about performance and trends in economic activity. This course examines sources of international economic information for the monitoring of trends in international economic performance by regions and sectors. Global competitive reports are used to gain a comprehensive world economic outlook. Prerequisite Course(s): ECON-595 and QANT-595