(School of Business and Economics)
ECO 110 Introduction to Economics Three hours
A survey of the present economic system; price-making forces; production, consumption, distribution of goods and services; wealth, money, credit, banking, public finance; capitalism, and other economic systems. For non-business students and associate degree students. Fall and spring semesters.
ECO 221 Macroeconomics Three hours
A study of modern economic society: economic concepts of national income, inflation, unemployment, and the role of banking. The problems of economic stabilization through monetary, fiscal, and trade policies. Fall semester.
ECO 222 Microeconomics Three hours
A study of modern economic society: the subsystems of consumer and firm behavior; pricing, production, and problems in markets both domestic and international. Spring semester.
ECO 321 Economic History of the United States Three hours
Development of agriculture, manufacturing, trade, banking, transportation, large business, labor unions, farm organization, and foreign trade. See HST 321. Prerequisite: ECO 110, 221, or 222. Every third spring.
ECO 332 Economic Geography Three hours
A study of the influence of geographical factors on development of economic activities, production, location of industries, manufacturing, commerce, international trade, and economic welfare. See GEG 332. Every third spring.
ECO 342 Labor Problems Three hours
This course covers the working force, wages, levels of living, conditions of work, labor unions, industrial conflict, and governmental control of labor-management relations. Prerequisites: ECO 221, 222. Alternate spring semesters.
ECO 343 Consumption Economics/Personal Finance Three hours
This course covers consumers’ incomes and choices, household expenditures, buying homes and cars, money management, financial planning, personal insurance, savings, and investments. Prerequisite: ECO 110, 221, or 222. Every third spring.
ECO 352 Money and Banking Three hours
Principles of commercial and central banking; monetary and income theory; monetary and fiscal policy; history and trends of financial instruments and institutions. Prerequisites: ECO 221, ECO 222. Spring semester.
ECO 361 Social Statistics Three hours
Course designed to acquaint the student with the logic and method of statistics, covering frequency distributions, measures of central tendency and variation, random sampling, and testing of hypotheses. Recommended for students planning graduate study in business, economics, law, or social sciences. See POL 261, SOC 361, and POL 361. Fall and spring semesters.
ECO 370 Managerial Economics Three hours
Problems, cases, and applications of microeconomic theory to business problems. Revenue, demand, and elasticity; the production function, substitutability, and diminishing returns; cost of production, profit analysis, optimization; monopoly, oligopoly, monopolistic competition, and perfect competition; game theory, estimating demand, economic trend analysis and forecasting, pricing and profit strategy, and statistical quality control. Prerequisites: ECO 222; and MTH 111, MTH 130 or ECO 361. Fall semester.
ECO 451 Public Finance Three hours
Growth and finance of the public sector; principles of taxation, tax structures, revenue and expenditures of government fiscal units. Prerequisites: ECO 221, ECO 222. Alternate fall semesters.
ECO 452 Comparative Economic Systems Three hours
Comparisons of economic systems under capitalism, socialism, fascism, communism, and cooperatives. Conditions causing different economic systems; production, distribution, and controls or freedom from control under each system are stressed. Prerequisites: ECO 110, ECO 221 or ECO 222. Every third spring.
ECO 461 International Trade Three hours
Differences between domestic and international trade; foundations of international trade; economic effects of free and restricted trade; mechanisms of international payments and structure of balance of payments; history and contemporary issues of trade policies and world monetary systems. Prerequisites: ECO 221, ECO 222. Fall semester.
ECO 472 Government and Industry Three hours
The structure, conduct, and performance of American industries; public policies toward business; economic analysis of those policies. See POL 472. Prerequisites: ECO 221, 222. Every third fall.
ECO 475 History of Economic Thought Three hours
Comparative study of economic doctrines of Mercantilists, Physiocrats, Classical and Historical Schools, Social Theorists, Marginal Utility School, Marshall and Neo-Classicists, and the Keynesian School. Prerequisites: Junior standing, ECO 221, ECO 222. Every third fall.
ECO 480 Selected Topics One to Three hours
A special course offered on demand to economics and business students. The course may be repeated for credit provided the topics differ each semester. No more than six hours total from ECO 480 may be counted toward a major or a minor. Consent of instructor. Offered on demand.
ECO 385/485 Internship One to Three hours
Supervised work experience in the current economy. Prerequisite: Junior standing. Faculty approval required before registration. Six hours maximum enrollment. Fall, spring, and summer semesters.
ECO 390/490 Independent Study One to Six hours
Directed research resulting in a paper and presentation on an economic issue. Senior standing required, with GPA of 2.50 overall, and 2.80 in economics. Faculty approval required before registration. Course may be repeated, with maximum six hours earned.