ECONOMICS COURSES
SEE ALSO:
EC 130 Introduction to Economics credit 3 hrs.
A course designed to acquaint students with the operation of American Economics System with a concise presentation of Economic Theory and Policy with real world applications to problems of inflation, unemployment, poverty, discrimination and globalization. This course is for non business administration and economics majors.
EC 230 Principles of Economics I credit 3 hrs.
The course is an introduction to the principles of modern economics. The material covered deals with the principles of macroeconomics-the economics of a state, nation, or any other large aggregate unit. Topics covered are the determination of national income; the effect of savings, consumption, government spending, and investment on national income; and macroeconomic policies to combat unemployment and inflation. Prerequisite: BA 130.
EC 231 Principles of Economics II credit 3 hrs. The material covered in this course encompasses the subject matter of microeconomics-the economics of the individual business firm, household, or person. Specific topics covered are the central problems faced by the market; demand and supply analysis; the determination of prices; the product and factor markets under the conditions of perfect and imperfect competition; and analysis of private and social costs. Prerequisite: BA 130.
EC 331 Intermediate Macroeconomic Theory credit 3 hrs. The course is a study of monetary and fiscal theory at the intermediate level. Topics such as the quantity theory of money and Keynesian economic analysis are covered. Tools of macroeconomic analysis are used to analyze the problems of unemployment, inflation, economic growth, and the balance of payments. Prerequisites: EC 230 and EC 231.
EC 332 Intermediate Microeconomic Theory credit 3 hrs.
The course emphasizes price theory at the intermediate level. Specific topics covered are indifference curves, marginal utility, cost curves, and product and factor markets. The tools of microeconomic analysis will be used to analyze the problems of environment, income distribution, and economic welfare. Prerequisites: EC 230 and EC 231.
EC 333 Public Finance credit 3 hrs.
The course is a study of the principles of government expenditures, taxes, credits, and their effects on resources allocations, income distribution, and economic stability. Special emphasis is given to federal, state, and local relations in revenue expenditures. Prerequisites: EC 230 and EC 231.
EC 334 Banking and Monetary Theory credit 3 hrs.
The course examines the role of money and credit in the national economy, the development of monetary and fiscal policies and related problems, and the link between theories and central bank and treasury operations. Prerequisites: EC 230; EC 231; Fin 330.
EC 335 Intro to Econometrics credit 3 hrs
Topics covered include identification, measurement, specification, estimation, and interpretation of functional relationships through single equation least square techniques, use of lagged and dummy variables in regression and economic modeling.
EC 431 Urban Economics credit 3 hrs.
The course analyzes present-day socio-economic programs and policies in light of factors such as land use, education, housing, resources, pollution, transportation, population, poverty, and discrimination. The causes, effects, and solutions of present-day problems for metropolitan areas are emphasized. Prerequisites: EC 230 and EC 231.
EC 432 Economics of Labor credit 3 hrs.
The course analyzes the forces which act upon the level of wages and employment and the role of unions, business, and government in shaping these forces. The course investigates the attitudes and actions of unions, businesses, and government with emphasis on discrimination in the employment of minority workers. A brief history of the organized labor movement in the United States is also included. Prerequisites: EC 230 and EC 231.
EC 434 Seminar on Current Economic Problems credit 3 hrs
The course covers topics such as poverty, unemployment, income inequalities, economics of race, gender and discrimination and other contemporary problems. Prerequisites: Permission of instructor.
EC 435 Managerial Economics credit 3 hrs.
The applications of economic theory to the problems of management are covered. The tools of economic theory used by business managers in their decision-making process are analysis. Topics include cost and profit analysis, capital budgeting, and supply and demand elasticities. Prerequisites: EC 230 and EC 231.
EC 436 Economics of Development credit 3 hrs.
The course is designed to acquaint students with the theories on the rising level of economic activity in the underdeveloped countries of Africa, Asia, and Latin America. The policies for economic development that have been employed in less developed countries are surveyed and analyzed. The economic relations of less developed countries with the developed countries, as well as with other less developed countries, are analyzed. Prerequisites: EC 230 and EC 231.
Source: Benedict College Catalogue, 2007-2009. |
