ECONOMICS

ECO100 - Survey of Economics (3)

This is a survey course developed for the non-economic and non-business school major, designed to explore in a non-technical manner economic issues of importance to both the macro and micro economy. Potential topics to be covered include: an examination of the workings of a market system, inflation, economic growth, unemployment, fiscal and monetary policy, international trade, consumer demand, market structure and firm theory, income distribution and poverty, and antitrust, agricultural, and environmental policies. PREREQUISITE(S): None

ECO201 - Principles of Economics I (3)

This course is devoted to the study of the fundamental principles and processes of an economic system, with special emphasis on the coordination and control of the United States economy. Emphasis is on the macroeconomic approach. PREREQUISITE(S): None

ECO202 - Principles of Economics II (3)

This course examines individual decision making in various applied economic environments. Areas of application include international trade, market structures, labor markets, and various U.S. institutional environments, both public and private. Basic emphasis is on the microeconomic approach. PREREQUISITE(S): ECO201

ECO210 - Labor Economics (3)

This course studies the economic principles of labor markets, and human resource economics. Issues concerning labor supply and demand, wage differentials, the role of education, investment in human capital, unemployment, discrimination, income inequality, and labor unions are discussed, with emphasis on application to the U.S. institutional framework. PREREQUISITE(S): ECO201 and ECO202

ECO213 - Economic Issues (3)

This course allows students to apply economic knowledge and reasoning to a wide variety of important issues. Both domestic and international topics of major importance can be considered; for example, urban decay, pollution, the re-industrialization of American industry, women in the workforce, international conflict resolution through trade, and the history of minorities in U.S. economic development. PREREQUISITE(S): ECO201 and ECO202 or permission of instructor

ECO216 - Economics of Public Policy Towards Business (3)

This course examines the existence and impact of concentration of economic power in the U.S. business community, and the role of the public sector in the control of influence of concentration. Special emphasis will be placed on legislative enactments, judicial enforcement of antitrust law, and the impact of government regulation on the dispersion and decentralization of economic power and influence. PREREQUISITE(S): ECO201 and ECO202

ECO219 - U.S. Economic History (3)

This course is a survey of U.S. economic history from its colonial beginnings to the present, with emphasis on the interaction of economic forces and historical development. Basic economic innovations, ranging from the utilization of unique forms of U.S. transportation to the innovative American system of manufacturing, will be analyzed. The importance of immigration policy and the status of minorities in the development of the American economy will also be examined. PREREQUISITE(S): ECO201, ECO202

ECO303 - Money and Banking (3)

The course presents the essentials of money and banking with special reference to developments of recent years. Balanced emphasis upon both theoretical and practical aspects of the subject is the basis for interpretation of problems such as inflation, recession, the interest rate structure, and national debt. PREREQUISITE(S): 12 hours of economics and/or finance

ECO309 - Principles of Insurance (3)

This course is designed to provide a broad understanding of general theory and practice, with emphasis upon those principles common to all special fields: property, life, disability, liability, workers' compensation, fidelity, and automobile insurance. Accounting majors may take this course for economics credit. PREREQUISITE(S): ECO201, ECO202

ECO313 - Microeconomic Theory (3)

This course provides the student with an opportunity to develop a thorough analysis of demand, supply, production and cost relationships, monopoly, competition, oligopoly, labor markets, and the operation of industry in the modern American economy. Individual decisions of consumption, production, and labor supply are emphasized. PREREQUISITE(S): ECO201, ECO202

ECO314 - International Economics (3)

This course provides an analysis of economic relationships among countries, including studies of the balance of payments, the international currency system, government adjustment policies, the pure theory of international trade, and international financial markets, as well as an examination of recent issues of national industrial trends towards protectionism. PREREQUISITE(S): ECO201, ECO202

ECO316 - Macroeconomic Theory (3)

This course allows the student an opportunity to develop a thorough understanding of the macroeconomy through an analysis of the effects of fiscal and monetary policy on aggregate output, interest rates, the price level, and inflation in the domestic economy and abroad. Special emphasis is placed on recent U.S. experience with inflation and unemployment, and several new proposals designed to counter cyclical behavior and stagnant growth in the mature U.S. economy. PREREQUISITE(S): ECO201, ECO202

ECO318 - Comparative Economic Systems (3)

This course is designed to develop comprehensive understanding of the economics of such political environments as communism, Marxism, modern socialism, fascism, and market-directed socialism. The economic systems of selected emerging countries are discussed, including the modern Russian and Eastern European economy, China, and Cuba. Comparisons are drawn with modern mixed-capitalist economic systems in the U.S., Japan, and Hong Kong and selected countries in Western Europe. PREREQUISITE(S): ECO201, ECO202

ECO319 - Urban and Regional Economics (3)

This course covers the theory and applications of the economics of urban areas and regional forces. The importance of economic factors working to shape the physical environment is emphasized, using modern tools of economic analysis in an applied setting, with special emphasis on the Springfield area and New England in historical and modern contexts. Case studies of urban economic growth, urban planning, urban renewal, and financing of urban services are discussed. PREREQUISITE(S): ECO201, ECO202

ECO321 - Important Economists Contributions to Economic Thought (3)

This course presents a study of the most important individuals in the development of modern economic thought. Both early and contemporary economists will be discussed, and their specific contributions will be related to current economic theory and practice. PREREQUISITE(S): ECO201, ECO202

ECO326 - Business Cycles (3)

This course covers a study of the forces causing fluctuations in business activity. Possible devices to stabilize the economy will be explored. Also, the course will explore ways used by economists to attempt to predict the level of economic activity. PREREQUISITE(S): ECO201, ECO202, ECO303

ECO329 - Public Finance (3)

This course presents an introduction to the economic analysis of the revenue and expenditure activities of governments. Emphasis is placed on the effects of government policies of expenditure, budget, and debt on the performance of the economy. PREREQUISITE(S): ECO201, ECO202

ECO330 - Economics of Monetary Policy (3)

This course conducts a thorough study of the effects of monetary management upon economic activity in theory and practice. Recent developments in central banking policy are examined. In addition, the interdependence of financial markets, the implications of U.S. Federal Reserve policy for domestic and foreign economic activity, and the effect of government debt policy are discussed. PREREQUISITE(S): ECO201, ECO202

ECO341 - Economics of Development (3)

The purpose of this course is to analyze a set of challenges that developing countries experience today, and the successes and failures of programs designed to address these challenges. Topics include health, nutrition, education, inequality, land reform, gender, corruption and infrastructure development. PREREQUISITES: ECO201 and ECO202

ECO342 - Econometrics (3)

The purpose of this course is to introduce the theory and practice of econometric analysis to undergraduate students. Topics include basic probability theory and statistics, distribution theory, estimation and inference, bivariate regression, introduction to multivariate regression, introduction to statistical computing (using Excel). PREREQUISITES: ECO201 and ECO202; STA335; MAT119. Junior or senior status preferred

ECO358 - Economics of Managerial Decisions (3)

The course introduces the student to the practice of economic reasoning in the solution of real world managerial decision problems. In addition to developing the theoretical and analytical tools of economic decision making, this course enables students to develop judgment skills required in the application of managerial economics. Emphasis is placed on the use and application of economic analysis in clarifying problems, in organizing and evaluating information, and in comparing alternative courses of action. PREREQUISITE(S): ECO201, ECO202 and MGT105. Open to juniors and seniors.

ECO398 - Directed Study (1-3)

Selected readings chosen in accordance with the student's interests. PREREQUISITE(S): Senior standing and the permission of the instructor