Economics (ECON) Courses

Additional courses are listed under Accounting and Business.

ECON 201 Principles of Microeconomics
3 hours. Course is an introduction to the micro aspects of the social science concerned with the allocation of resources. Consideration is given to the fundamental principles governing production, distribution, consumption and exchange of wealth. The course studies the behavior of microeconomic units such as individuals, households, firms and industries. ECON 201 and ECON 202 are complementary courses; however, it is preferred that ECON 202 be taken first.

ECON 202 Principles of Macroeconomics
3 hours. Course is an introduction to the macro aspects of the social science concerned with the allocation of resources. Consideration is given to the fundamental principles of the economy as a whole, dealing with economic data, behavior, and theory at the aggregate level of the economy. The course studies topics such as government spending, taxation and monetary policies, as well as events and issues in the global economy. ECON 202 and ECON 201 are complementary courses; however, it is preferred that ECON 202 be taken first.

ECON 275 Field Experience
3-6 hours. Supervised experiences in business, financial and research firms, and government agencies. Pass/No Pass.
Prerequisite: upper-division students and by permission.

ECON 285 Selected Topics
2-3 hours. Occasional special courses chosen to fit the interests and needs of students and faculty.

ECON 301 Intermediate Microeconomics
3 hours. This course focuses on the following topics: basic theory of consumer behavior; production and costs; partial equilibrium analysis of pricing in competitive and monopolistic markets; general equilibrium; welfare; and externalities. The approach involves advanced algebra and rigorous application of concepts and methods to the analysis of markets from a decision making perspective. While required for economics majors this course is also valuable for student majoring in finance and management.
Prerequisites: ECON 201 Principles of Microeconomics and MATH 190 Precalculus Mathematics or higher.

ECON 302 Intermediate Macroeconomics
3 hours. The course studies the economy as a whole by examining the national income account, monetary policy and its aggregates such as money supply, price level, interest rates, fiscal policy and its aggregates such as real income, consumption and investment. It covers topics presented in ECON 202 in a more advanced manner. The course will analyze the economy in the long run when prices are flexible, in the very long run with a special emphasis on capital accumulation, and in the short run when prices are sticky. It also discusses the microeconomics behind macroeconomics by analyzing the aggregate consumption function in more detail.
Prerequisites: ECON 202 Principles of Macroeconomics and MATH 190 Precalculus Mathematics or higher.

ECON 340 Public Economics
3 hours. Course provides an overview of the economic role and impact of government, including topics in public finance, fiscal policy, monetary policy, the banking system and the economics of regulation.
Prerequisites: ECON 201 Principles of Microeconomics and ECON 202 Principles of Macroeconomics.

ECON 370 International Economic Development
3 hours. This course introduces students to causes and consequences of ‘the wealth of nations.’ Students will learn theories of economic growth and poverty alleviation. Topics to be covered include: globalization, education, international trade, holistic conceptions of development, and the role of institutions. (Identical to INTL 370 and SOCI 370.)
Prerequisite: ECON 201 Principles of Microeconomics.

ECON 399 Cross-Cultural Study
3 hours. This course offers in-depth discipline-specific cross-cultural study designed to enhance the intercultural emphasis of various academic majors. The course includes class meetings followed by travel to various locations throughout the world. Students will use core disciplinary knowledge to serve, learn and interact with other cultures. (Offered in May Term. Students must meet eligibility requirements.) Additional course fee is required.

ECON 410 Introduction to Applied Econometrics
3 hours. This course deals with the application of statistical techniques to the analysis of economic data. Economists, financial analysts and others rely on econometric methods to estimate relationships and forecast employment, income and other trends. This course emphasizes hands-on application of econometric techniques to a variety of publicly available data. Considerable attention will be paid to the nature and sources of economic data and the application of econometric methods to common questions of value to managers and public decision-makers.
Prerequisites: College level statistics course 200 level or higher. Students who've taken PSYC 240 or SOCI 340 must also complete MATH 150 or higher, or have a SAT math score of 620 or higher or have an ACT score of 28 or higher.

ECON 440 Urban and Regional Economics
3 hours. This course introduces students to the particular economic challenges and opportunities faced by rural areas, towns, and cities within the United States. Students will gain an understanding of the role of the market, firms,and government as local areas seek to improve the well-being they afford their citizens. Particular attention will be paid to transportation, affordable housing, natural amenities and other contemporary topics.
Prerequisite: ECON 201 Principles of Microeconomics.

ECON 463 International Trade and Finance
3 hours. Course provides an overview of international trade and finance. Trade theory is applied to understanding the direction of trade flows, the impact of trade barriers, and the role of bilateral and multilateral trade negotiations. The international finance portion of the course will consider the balance of payments, foreign exchange rates, and the globalization of financial markets. Throughout the course attention will be paid to global and national institutional arrangements which determine and influence trade and financial flows. (Identical to INTL 463 and SOCI 463)
Prerequisites: ECON 201 Principles of Microeconomics and ECON 202 Principles of Macroeconomics.

ECON 465 Economic Research
1-3 hours. Students will conduct an original research project that is overseen by a faculty member or approved party outside of the University.
Prerequisite: upper-division economics majors and by permission.

ECON 475 Field Experience
3-6 hours. Supervised experiences in business, financial and research firms, and government agencies. Pass/No Pass.
Prerequisite: upper-division students and by permission.

ECON 485 Selected Topics
2-3 hours. Occasional special courses chosen to fit the interests and needs of students and faculty.

ECON 490 Economics Senior Seminar
3 hours. An integrative seminar focusing on current issues and developments in the discipline of economics, including discussion of ethical issues and the integration of faith and economics. A research paper is a significant component of the course requirements.

ECON 495 Individualized Study
2-3 hours. Subject matter and credit arranged for the needs of the individual student.
Prerequisite: upper-division students and by permission.