70 supply, fiscal and monetary policy and international economics. No prerequisite. Open to all students. ECO 312 Economics of Labor A study of the market for labor services. Topics include wage determination, occupational and wage differentials, investments in human capital labor unions and collective bargaining as well as other market issues. Prerequisites: ECO 210, 211 and MTH 151 or 162 or equivalent. Spring Term. ECO 314 International Economics Gains from an international economy, barriers to international trade, international monetary systems and analysis of economic problems such as economic development, balance of payment deficits and regional economic integration. Prerequisites: ECO 210, 211 and MTH 151 or 162 or equivalent. Fall Term, Day; Spring Term, Evening. ECO 316 Comparative Economic Systems A study of various contemporary economic systems. Models of a capitalist market economy, centrally planned socialism and market socialism are analyzed. Cases of economic systems such as those of Japan, U.S., China and Europe are studied. The special problems and policies associated with the transition from a planned economy to a market economy are examined. Prerequisites: ECO 210 and 211. ECO 410 Money and Banking The role of commercial banks and the Federal Reserve system in the creation and control of the money supply; analysis of the relationship between the money supply, level of economic activity, price level and interestrates; and the role of monetary policy in economic stabilization. Prerequisites: ECO 210, 211 and MTH 151 or 162 or equivalent. Fall Term, Evening; Spring Term, Day. ECO 414 Microeconomics A study of the role of the pricing of products and productive services in the operation of the economy. Consideration is given to the issues of efficiency, monopoly, inequality, consumer welfare and an application of economic analysis to a variety of policy issues. Prerequisites: ECO 210, 211 and MTH 151 or MTH 162 or equivalent. Fall Term.
ECO 416 Macroeconomics Theories of national income determination and its fluctuations, economic stabilization policies and economic growth. Prerequisites: ECO 210, 211 and MTH 151 or 162 or equivalent. Spring Term. ECO 419 Seminar in Special Topics A seminar designed to give faculty and advanced students in economics an opportunity to study current theoretical developments, issues and policies in economics. Specific topics vary with the interests of faculty and students. Repeatable for credit. ECO 440 Teaching Economics in the Secondary School An examination of the material and methods of teaching economics in high school, including preparation of instructional objectives and lesson plans, alternative instructional techniques, evaluation methods, the use of library, Internet and audio visual resources and possibilities for classroom observation. Prerequisites or corequisites: major in economics and SEC 300 and 310. Fall Term. ECO 492/292 Independent Study Reading and research open to juniors and seniors majoring in economics and other majors who have a background adequate for research on problems with important economic content. Approval of the department chair is required. ECO 495 Honors Independent Research Half Course This course gives Honors Program students the opportunity to design and implement a significant research project in the field of economics culminating in an appropriate public dissemination of research methods and findings. This research must build upon previous coursework taken within the major or minor, facilitating faculty supervision and guidance. Repeatable for credit. Permission of the faculty supervisor and the director of the Honors Program required prior to registration.