ECON 190 - Principles of Economics (4 semester hrs.)
J. Ankrom
M. Frost
L. Gwinn
D. Wishart
An introduction to basic principles of economics. Topics covered include supply and demand, marginal analysis, perfect competition, profit maximization, aggregate demand and supply, the level of employment, inflation, fiscal policy, monetary policy, and international trade. Students must have attained the math placement level 22 to enroll. Lecture/discussion format.

ECON 220 - Economics of Developing Areas (4 semester hrs.)
M. Frost
Development economics began as a specific field in economics after World War II, making it a relatively new area of inquiry for economists. In the past development economics concerns have been how to couple economic growth with fundamental structural changes in the real and financial sectors of an economy in order to obtain a permanent and sustained rise of incomes and life conditions for the whole population. More recently development economics has broadened to include a wider range of human development issues focusing on health, literacy, empowerment and equity. The focus of this course will be on the development experience of the low income nations in Asia, Africa, Central America and Eastern Europe ca. 1960 to the present. Each student will explore the development experience of a single country through structured data analysis and writing assignments. Lecture/ discussion format. Writing intensive.
Prerequisites: ECON 190

ECON 231 - European Economic History (4 semester hrs.)
D. Wishart
This course examines the evolution of capitalism in Europe from the 15th century to the present, the impact of European capitalism on economies and societies in the Middle East, Africa, Asia, and the Americas, the rise and demise of centrally planned state socialist economies in Russia and the Eastern European countries, and the prospects for European economic integration. The topics presented in this course will emphasize the use of principles of economics to understand historical change and methods of empirical analysis that are commonly used by economic historians. Grades will be determined by two exams, a final, and a 10-15 page term paper. ECON 190 or its equivalent is a prerequisite. Writing intensive. Lecture/discussion format.

ECON 300 - Econometrics (4 semester hrs.)
L. Gwinn
This course revolves around constructing and statistically testing economic models. The lectures will focus on discussing methodology in economics and learning the fundamentals of regression analysis. In addition, a large portion of the course will be devoted to research projects in which students use a computer regression package to test economic theory against empirical evidence, analyze economic policies, and forecast economic variables.
Prerequisites: ECON 190 and MGT 210 or its equivalent.

ECON 301 - Money and Banking (4 semester hrs.)
J. Ankrom
The course is meant to impart a basic understanding of money and financial institutions and their impact on the working of the economy. This will be accomplished by examining the following topics.

1. The role and functions of financial intermediaries.
2. The role of government in financial markets.
3. Central banks, monetary policy and the creation of money.
4. Pricing of financial assets, and risk/return models.
5. Models of interest rate determination and theories of the term structure of interest rates.
6. Mortgage and securitized asset markets.
7. Options and futures markets.

ECON 311 - Intermediate Macroeconomic Theory (4 semester hrs.)
L. Gwinn
This course builds on the ideas presented in ECON 190. Models that are used to analyze the national economy are developed in greater detail, with an emphasis on the distinction between short-run and long-run equilibrium, and on the various schools of thought. Problems inherent in fiscal and monetary stabilization policy will be discussed, along with unemployment, inflation, and economic growth. A good understanding of algebra is necessary.
Prerequisites: ECON 190 and MATH 120 or its equivalent.

ECON 340 - Public Finance(4 semester hrs.)
J. Ankrom
Public Finance traditionally deals with the role and impact of government (or public sector) activity on economic activity, income distribution and the efficiency of the economy. The course is divided into three parts:

1. An introduction to fiscal institutions, fiscal politics and the theory of social goods. Here we are concerned with the rationale for government intervention in economic activity, and with theories explaining the size and scope of government activity.
2. Expenditure evaluation.
3. Principles of taxation, including a description of the tax landscape and the effects of taxes on equity and efficiency.