BUS 323 Statistical Applications to Business Decision Making . . . . . . . . . .3 credits ECO 301 Intermediate Macroeconomics OR ECO 302 Intermediate Microeconomics . . . . . . . . . . . . . . . . . . . . . .3 credits Two Economics courses at the 300 level or above . . . . . . . . . . . . . . . . . . . . .6 credits Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21 credits *This course may also be used to satisfy Core requirements. †Students may substitute MTH 210 (Calculus I) for BUS 205.
Economics Courses ECO 100 INVESTMENT MANAGEMENT / 1 credit An introduction to stock and bond markets. Students experience the semester-long activities of managing an investment portfolio. Students may enroll in this course a maximum of three times, earning 3 credits. Graded on pass/fail basis. ECO 101 PRINCIPLES OF ECONOMICS I / 3 credits An introduction to economics with an emphasis on fundamentals of economic principles and current economic policy issues. Topics include: basic economic principles of scarcity of resources, production and consumption, market, international trade, supply and demand, taxes, welfare state, poverty, income inequality, economic output of an economy, price level, inflation, unemployment, long-run determinants of economic growth, and financial system including money and banking. Prerequisite: MTH 101. ECO 102 PRINCIPLES OF ECONOMICS II / 3 credits This course is built on the materials taught in ECO 101. ECO 102 begins with the applications of demand and supply model to analyze the effects of market intervention and to understand market efficiency and consequences of market failure. In the microeconomics part of the course different market paradigms are studied with analytical tools including game theory. In the macroeconomics part, this course starts with a review of long-run determinants of economic growth and introduces the role of monetary institutions in the economy. Finally, the aggregate demand and supply model is employed to understand short-run economic fluctuations and the effectiveness of monetary and fiscal policy tools. Prerequisite: ECO 101. ECO 301 INTERMEDIATE MACROECONOMICS / 3 credits The course covers the topics of national income accounting, determinants of consumption and investment spending, international capital flows, financial asset holdings, long-run economic growth, business cycles, monetery and fiscal policy and unemployment. Prerequisite: ECO 102, BUS 205 or MTH 210. ECO 302 INTERMEDIATE MICROECONOMICS / 3 credits An analytical investigation of consumer choice, production costs, and firm behavior, including critical examination of different market paradigms. Coverage of topics such as choice under uncertainty, problems with asymmetric information, externalities, and use of game theories in analyzing strategic behavior of firms, broaden the usefulness of microeconomic theories in grasping the challenge of real life economic decision-making. Prerequisites: ECO 102, BUS 205 or MTH 210.
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