EC 101 Introduction to Economics (Non-Business majors only) 3 CR
Introductory course for the non-Business major. Provides a foundation in the workings of the economy. Describes and analyzes major concepts and issues of macroeconomics and microeconomics. Examines key institutions including the Federal Reserve System, corporations and labor unions.
EC 202 Principles of Microeconomics 3 CR
An introduction to basic microeconomic principles and tools. Topics include demand, supply, market equilibrium, costs of production, and resource pricing. Examines the market structures of pure competition, oligopoly, monopolistic competition, and monopoly. Markets for labor and capital are examined. Comparative advantage, international trade and exchange rates are also explored. Prerequisite: MA 106/MA109/MA 110
EC 203 Principles of Macroeconomics 3 CR
Covers the determinants of economic growth and economic fluctuations within the business cycle. Topics include inflation, unemployment, interest rates, savings and investment, money and banking, and international finance. Fiscal policy and monetary policy are discussed using an aggregate supply / aggregate demand framework. Topics of supply and demand and exchange rates introduced in EC202 are reviewed. Prerequisite: MA 109 or MA 110 and EC 202
(MA 110 is encouraged for those considering graduate school)
EC 211 The Economics of Social Issues 3 CR
Applies basic economics principles to analyze social issues. Topics include prices and the allocation of resources, the role of incentives, free trade, economics growth, market failure, the distribution of wealth and income, health care,
crime and education.
EC 299 Special Topics in Economics 3 CR
Designates new or occasional courses that may or may not become part of the department's permanent offerings. Courses capitalize on a timely topic, a faculty member's particular interest, an experimental alternative to existing courses, etc. Prerequisites established by the department as appropriate for the specific course. Course title is shown on the student's transcript. Consult the current course schedule for available topics and current prerequisites.
EC 301 Intermediate Macroeconomic Analysis 3 CR
A course in aggregate economic analysis. Examines theories of the determination of national income and employment. Policies associated with these theories are critically examined. Prerequisite: EC 203
