ECON 190 - Principles of Economics
4 semester hours
Ankrom, Jeff, Frost, Marcia, Tiffany, Frederick, and Wishart, David
Prerequisites: Students must have attained the math placement level 22 to enroll.
An introduction to basic principles of economics. Topics covered include supply and demand, marginal analysis, competition, profit maximization, aggregate demand and supply, the level of employment, inflation, fiscal policy, monetary policy, and international trade. Lecture/discussion format.
ECON 220C - Economics of Developing Areas
4 semester hours
Frost, Marcia
This course is concerned with the post World War II experiences and future prospects of the developing nations of Africa, Asia, Latin America and transition Eurasia. Topics include measures of development, alternative strategies for development, demography, human capital and labor, agriculture and finance. Lecture/discussion format.
ECON 280 - Managerial Economics
4 semester hours
Tiffany, Frederick
Prerequisites: ECON 190 and MGT 210
This course is designed primarily for management students. It will extend students' understanding of microeconomic theory and its use in managerial decision-making. In addition to studying the theories of demand, production and cost, students will be introduced to the statistical method of regression analysis and its use in applying these theories to real-world problems. Theories of market structure will also be considered.
The course will have a lecture/discussion format. Students will be evaluated on the basis of three midterm examinations, a final examination, and frequent homework assignments.
ECON 290 - Topics: Economics of Health Care
4 semester hours
Ankrom, Jeff
Prerequisites: ECON 190
The health care sector represents 14% of the U.S. economy, and is therefore an object worthy of serious inquiry. The study of health economics involves the application of microeconomic tools to health issues and problems, with the goal of promoting better policies. Issues addressed in this course include cost/benefit analysis, the demand for medical services and insurance, medical care production and costs, the role of government in providing services and insurance, the performance, structure and conduct of the physician, pharmaceutical and hospital services industries, and the prospect for reform in the industry.
ECON 310: Intermediate Microeconomic Theory
4 semester hours
Tiffany, Frederick
Prerequisites: ECON 190 and MATH 120.
Economics 310 is a rigorous examination and extension of the microeconomic principles learned in ECON 190. Formal models of consumer and producer behavior are presented, along with theories of market behavior under assumptions of both perfect and imperfect competition. It is essential that students taking this course have a thorough understanding of ECON 190 and MATH 120. Lecture/discussion format. Grade is based on two midterm exams and a comprehensive final exam.
ECON 320 - History of Economic Thought
4 semester hours
Wishart, David
Prerequisites: ECON 190 or equivalent.
This course critically examines the work of economic thinkers from the time of Plato through the early 20th century. The goal of this course is to both enable students to understand how the environment economic thinkers lived in influenced their analysis and to appreciate how economic thought has been refined and improved through the ages. The centerpiece of the course will continue to be a detailed textual analysis of Adam Smith's classic work, An Inquiry into the Nature and Causes of the Wealth of Nations. Readings will focus on original texts as much as possible throughout the course. Students will be expected to write two short papers, give one in-class presentation, write midterm and final exams, and participate actively in class discussions. The format for the course is lecture-discussion. This course is writing intensive.
ECON 391 - Advanced Economic Theory
4 semester hours
Ankrom, Jeff and Tiffany, Frederick
Prerequisites: ECON 310 and 311, MGT 210, MATH 131 or 201.
This course broadens and deepens understanding of intermediate economic theory through the coverage of a series of advanced topics in both microeconomic and macroeconomic theory. The microeconomic portion of the course focuses on game theory and its use in economics while the macroeconomic portion is devoted to developing a market-clearing macroeconomic model and contrasting it with traditional Keynesian models. The course assumes basic knowledge of both calculus and probability. Lecture/discussion format.
