Economics Flowchart

An introduction to economics. The microeconomics portion covers consumer choice, the firm, value and price theory, and distribution theory. The macroeconomics portion covers national income analysis, fiscal policy, money and monetary policy, the commercial banking system, and the Federal Reserve System.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, Spring, Summer
• Pre-Requisite(s): MA 1020 or MA 1031 or MA 1032 or MA 1120 or MA 1135(C) or MA 1160(C) or MA 1161(C) or MA 1121(C)

Provides an understanding of the legal basis of contracts and their enforcement in the areas of general contracts, contracts of commercial sales and of agency, and commercial paper.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, Spring

Provides direct instruction in composition. Students examine and interpret communication practices and apply what they learn to their own written, aural, and visual compositions. Class projects ask students to communicate in a variety of modes and to attend to audience, purpose, and context.

• Credits: 3.0
• Lec-Rec-Lab: (0-3-0)
• Semesters Offered: Fall, Spring, Summer
• Restrictions: Must be enrolled in one of the following Class(es): Freshman

Introduction to basic principles, concepts, and theoretical framework of financial accounting with the emphasis on its use by economically rational decision makers. Topics include the decision-making environment and the accounting cycles, processes, and statements.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, Spring

Continued study of calculus, which includes a computer laboratory. Topics include integration and its uses, function approximation, vectors, and elementary modeling with differential equations.

• Credits: 4.0
• Lec-Rec-Lab: (0-3-1)
• Semesters Offered: Fall, Spring, Summer
• Pre-Requisite(s): MA 1160 or MA 1161 or MA 1135 or MA 1121 or CEEB Calculus AB >= 3 or CEEB Calculus BC >= 3 or CEEB Calculus AB Subscore >= 3

Study of contemporary global issues, their origins, impacts, and solutions through the thematic and comparative exploration of worldview and culture, population, globalization, development, politics and global governance, environment, and sustainability. Emphasis on global literacy and information literacy.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, Spring, Summer
• Restrictions: Must be enrolled in one of the following Class(es): Freshman

The study of consumer and producer choices, market demand and supply, and market structures.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Spring
• Pre-Requisite(s): EC 2001 and (MA 1135 or MA 1160 or MA 1161 or MA 1121) and UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

The study of strategic situations involving the interactions of individuals. Modeling techniques are applied to game situations faced in business, entertainment, politics, and the daily routine of life.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Spring
• Restrictions: May not be enrolled in one of the following Class(es): Freshman
• Pre-Requisite(s): UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

Studies economic decision-making for actions occurring over time. Covers decision tools for comparing alternatives, public project evaluation, risk and uncertainty, mutually exclusive decisions, multiple objective decisions, interest rate calculations, cash flow analysis, depreciation and taxes, cost of capital, capital budgeting.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, Spring, Summer
• Restrictions: May not be enrolled in one of the following Major(s): Engineering Management, Marketing, Management, Management Information Systems, Accounting, Finance; May not be enrolled in one of the following Class(es): Freshman, Sophomore
• Pre-Requisite(s): UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

Introduces techniques and procedures to estimate and test economic and financial relationships developed in business, economics, social and physical sciences.

• Credits: 3.0
• Lec-Rec-Lab: (0-3-0)
• Semesters Offered: Fall
• Pre-Requisite(s): (EC 2001 or EC 3002 or EC 3003) and (BUS 2100 or MA 2710 or MA 2720 or MA 3710) and (MA 1135 or MA 1160 or MA 1161 or MA 1121)

Emphasizes decisions made in developing both strategic and tactical marketing plans. Uses computer simulations, experiential learning assignments, and marketing plan development to demonstrate principles of market segmentation, product development, pricing, distribution planning, and promotion.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, Spring, Summer

A senior capstone seminar in which students discuss and conduct research under the guidance of several faculty members.

• Credits: 3.0
• Lec-Rec-Lab: (0-3-0)
• Semesters Offered: Spring
• Restrictions: Must be enrolled in one of the following Major(s): Economics, Economics; May not be enrolled in one of the following Class(es): Freshman, Sophomore, Junior

Economic analysis of market power and industry structure. Topics include the goals of public policy toward business, antitrust policy, economic regulation, public enterprise, and social regulation of health, safety, and the environment.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall
• Pre-Requisite(s): EC 2001 and UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

Application of the principal mathematical techniques used in economic theory and modeling. Topics include optimization, marginal analysis, comparative statics, and other applications.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Spring
• Pre-Requisite(s): (EC 3002 or EC 3003) and (MA 1160 or MA 1161 or MA 1121 or MA 1135)

Analysis of asset and liability management of financial institutions and the role of financial institutions in the U.S. and international economy.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall
• Pre-Requisite(s): (EC 3003 or FIN 3000) and UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

Economic analysis of how democratic governments generate revenue (primarily taxation) and make expenditure decisions and how such decisions impact the welfare of individuals. Topics include market failures, voting processes, income redistribution programs, efficiency and incidence of taxation.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: On Demand
• Pre-Requisite(s): EC 2001 and UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

Introduction to the institutional, technical, and economic issues of the production and use of energy resources, including petroleum, natural gas, coal, nuclear, electric utilities, and alternative energy. Coursework applies economic analysis to supply, distribution, and use of energy resources, including environmental and social consequences.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Spring
• Pre-Requisite(s): EC 2001 and UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

Studies the role of minerals and metals in society and the economics of their use. Applies economic principles to examine the supply, demand, markets, and foreign trade for important minerals and metals. Examines the effect of government policies on the minerals industries. Requires a technical report.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: On Demand
• Pre-Requisite(s): EC 2001 and UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

Studies the economics of nonrenewable resources (energy and minerals) and renewable resources (water, fisheries, forests and species). Discusses the economics of land use change, macroeconomic topics such as economic growth, sustainability and green accounting.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall
• Pre-Requisite(s): (EC 2001 or EC 3002 or FW 4080) and UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

Considers the efficient and equitable use of environmental resources, including air, water, land, wilderness and parks, wildlife and other ecological systems. Measures the benefits and costs of decreasing pollution, cleaner environment, and protecting scarce ecological resources. Addresses market failures and the economic valuation of environmental amenities.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, in odd years
• Pre-Requisite(s): (EC 2001 or EC 3002) and UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

Economic analysis of labor markets and human resources. Topics include the supply and demand for labor, wage determination, human capital theory, returns to education and training, causes of wage differentials, and economic effects of discrimination.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: On Demand
• Pre-Requisite(s): EC 2001 and UN 1015 and (UN 1025 or Modern Language - 3000 level or higher)

Under the general guidance of a faculty member, students read, conduct research, and prepare reports and papers as required.

• Credits: variable to 4.0; Repeatable to a Max of 6
• Semesters Offered: On Demand
• Pre-Requisite(s): EC 2001

Economic topics of interest to students and faculty.

• Credits: variable to 4.0; Repeatable to a Max of 6
• Semesters Offered: On Demand
• Pre-Requisite(s): EC 2001