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COURSE DESCRIPTIONS
EC/FN 302 Money and Financial Institutions 3 CR
Studies of the operations of commercial banks and other financial institutions. Examines the significance of money, credit and interest rates. Analyzes the impact of monetary and fiscal policies on the economy. Prerequisites: EC 202 and EC 203
EC 313 Managerial Economics 3 CR
Analyzes the structure of industry, business firms and the application of analytical tools of economics to decision making. Topics include: the determination of relevant costs for decisions within the business firm, pricing and capital budgeting problems, forecasting business conditions, risk and uncertainty, union policies and cases involving actual managerial situations that require the use of economic analysis. Prerequisites: MA 133 and EC 202
EC 322 International Economics 3 CR
Examines international trade theory and policy, balance of payment mechanisms and international monetary systems. Emphasis is on current problems of trade restrictions and tariffs, gold and international flow of funds and the role of international reserves. Prerequisites: EC 202 and EC 203
EC 324 Economic Stabilization and Reform in Central Europe 3 CR
The collapse of communism in Central and Eastern Europe has created immense challenges for these former Soviet bloc nations. It has also required Western nations to develop new ideas and strategies for dealing with their former enemies. This course examines the forces behind the breakup of the Soviet bloc, the often rocky path toward free markets in Central and Eastern Europe, and the future prospects for this rapidly changing part of the world.
EC 341 History of Economic Thought 3 CR
Traces the development of economic theory and the major contributions of the various schools of economic thought from Adam Smith through contemporary theory. Prerequisite: EC 203
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