emphasis on the prerequisites for growth, the factors which retard growth, and public policies appropriate for achieving the desired rate of growth. Prerequisites: BCOR 111 and BCOR 112 or ECON 211 or ECON 212 3 credits ECON 243: Comparative Economic Systems A study of how societies with differing social, political and economic preferences have organized themselves to satisfy human needs with an emphasis on the theory and practice of socialism, capitalism and modern variations. Prerequisites: BCOR 111 and BCOR 112 or ECON 211 or ECON 212 3 credits ECON 253: Environmental Economics A study of environmental issues and of policies that propose to address them. Topics include property rights, public goods, externalities, Coase's Theorem, and the institutions and policies designed to address problems associated with the environment. Prerequisites: ECON 101 or BCOR 111 3 credits ECON 285: Project Economics This course develops the techniques necessary for understanding economic price theory, the time-value of money, and the basic issues surrounding organizational architecture. These include issues surrounding supply and demand, cost-production, decision making and market models. In particular, the course focuses on the application of these economic theories to projects, including issues surrounding risk analysis and triage, budgeting, planning, and scheduling necessary to the successful completion of a project. Prerequisite: High School Calculus (MATH 140 or MATH 115 or equivalent) 3 credits, Fall ECON 301: Monetary Theory The influence of the quantity of money on prices, growth and employment and its relation to the central banking system's control of the money supply. Prerequisite: FINC 201 3 credits ECON 321: Forecasting Methods A study of forecasting methods and their application. Topics covered include data collection, time-series decomposition, moving average, exponential smoothing, correlation and regression. Prerequisites: BCOR 221, CIS 150 or the equivalent. 3 credits ECON 327: Econometric Methods A study of the application of statistical methods to estimation and analysis of economic models. Prerequisites: BCOR 221, CIS 150 or the equivalent. 3 credits ECON 331: Public Finance An application of microeconomic theory to the study of how government policies influence the economy. The course emphasizes the study of how government tax and expenditure policies affect the allocation of resources, the distribution of income, and the welfare of the citizens. Prerequisite: ECON 211 3 credits ECON 351: Managerial Economics An application of economic and statistical methods to managerial decision making. Prerequisites: BCOR 111, BCOR 221, CIS 150 or the equivalent.
Undergraduate Catalog 2012-2013