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 1030 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) or ALEKS Math Placement >= 61 or CEEB Calculus AB >= 2 or CEEB Calculus BC >= 2 or ACT Mathematics >= 22 or SAT MATH SECTION SCORE-M16 >= 540

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

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, Sophomore

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

Introduction to the design and analysis of statistical studies. Topics include methods of data collection, descriptive and graphical methods, probability, statistical inference on means, regression and correlation, and ANOVA.

• Credits: 4.0
• Lec-Rec-Lab: (0-4-0)
• Semesters Offered: Fall, Spring, Summer
• Restrictions: May not be enrolled in one of the following Major(s): Mathematics
• Pre-Requisite(s): MA 1020 or MA 1030 or MA 1120 or MA 1032 or MA 1031 or ALEKS Math Placement >= 61 or CEEB Calculus BC >= 2 or CEEB Calculus AB Subscore >= 2 or ACT Mathematics >= 22 or SAT MATH SECTION SCORE-M16 >= 540

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

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

Focuses on the theory and application of the information-systems discipline within an organizational context, and identifies the roles of management, users, and information systems professionals. Covers the use of information systems and implications for decision support to improve business processes, and addresses the ethical, legal, and social issues of IT.

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

Stresses development of quantitative decision and analysis skills to solve problems with cases, exercises, simulations, and mathematical modeling. Topics include regression analysis, decision analysis, stochastic environments, data sources and errors, utility theory risk preference, linear programming, and simulation analysis.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, Spring
• Pre-Requisite(s): BUS 2100 or MA 2710 or MA 2720 or MA 3710 or MA 3720

Analysis of the determinants of the level of output, employment, prices, and economic growth with an emphasis on fiscal policy and monetary policy.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall
• Pre-Requisite(s): EC 2001 and (MA 1135 or MA 1160 or MA 1121 or MA 1161)

Introduction to international economics, including balance of payments, accounting, foreign exchange markets, international trade theory, barriers to trade, trade and development, regional economic integration, and current U.S. international economic issues.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, Spring, Summer
• Pre-Requisite(s): EC 2001

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)

Develops individual and group problem-solving skills using active, hands-on learning. Emphasizes problem identification and problem solution under conditions of ambiguity and uncertainty. Stresses creativity, interpersonal skills and skill assessment, communication, group process and teamwork, and action planning.

• Credits: 3.0
• Lec-Rec-Lab: (0-3-0)
• Semesters Offered: Fall, Spring
• Restrictions: May not be enrolled in one of the following Class(es): Freshman

Provides an introduction to the collection, processing, and communication of business data to inform business decisions. Some topics include: finding reliable and trustworthy data sources, collecting data, cleaning and transforming date, and basic descriptive statistics. The course introduces industry leading data processing and statistical tools.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, Spring
• Pre-Requisite(s): BUS 2300

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

Fundamental principles of operations and supply chain management; includes strategic importance and relevant interrelated concepts and tools in product/process design, work systems, forecasting, inventory and materials management, just-in-time, scheduling, and capacity management.

• Credits: 3.0
• Lec-Rec-Lab: (3-0-0)
• Semesters Offered: Fall, Spring, Summer
• Restrictions: May not be enrolled in one of the following Class(es): Freshman, Sophomore
• Pre-Requisite(s): (MA 1135 or MA 1160 or MA 1161 or MA 1121) and (MA 2710 or MA 2720 or MA 3710 or MA 3720 or EET 2010 or BUS 2100 or CEE 3710)

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)

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

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, in odd years
• Pre-Requisite(s): EC 2001 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)

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

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: Fall, in odd years
• Pre-Requisite(s): EC 2001

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

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

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: Spring, in odd years
• Pre-Requisite(s): EC 2001 or EC 3002

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: Spring, in even years
• Pre-Requisite(s): EC 2001

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