Undergraduate Economics
Undergraduate Economics
2024 Summer Term
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PRINCIPLES OF MICROECONOMICS
ECON 201
This course introduces microeconomic analysis and its application. Students examine how consumers and firms make decisions when facing scarce resources, as well as how those decisions affect market outcomes, such as prices and output. Students utilize models to understand supply and demand, theories of individual behavior and the firm, competition and monopoly and the distribution of income in society. Conventional grade basis only if this course is required in the College of Business and Economics for major.
PRINCIPLES OF MACROECONOMICS
ECON 202
This course introduces macroeconomic analysis and its application. Students study the economy as-a-whole, analyzing and interpreting macroeconomic data on national income, unemployment, inflation, interest rates and exchange rates. Basic models are utilized to understand recessions, recoveries and changes in macroeconomic data. Students use this understanding to evaluate taxes and government spending (fiscal) and interest rate (monetary) policies, as well as to identify their impacts on society. Conventional grade basis only if this course is required in the College of Business and Economics for major.
BUSINESS STATISTICS
ECON 245
This course introduces methods for utilizing data to answer questions of business, economic, social and policy interest. Students examine and interpret graphical and numerical methods of summarizing data, as well as apply probability concepts, theoretical probability distributions, sampling methods and sampling distributions. Students also calculate sample statistics, estimate population parameters, construct confidence intervals, formulate hypothesis tests and perform simple regression analysis. The skills and techniques covered allow students to effectively utilize data in the decision-making process.
ECONOMETRICS
ECON 345
This is an intermediate level course in statistical regression techniques widely used across a variety of careers. Students utilize numerical and graphical descriptive methods to explore, analyze and interpret data. Students employ simple and multiple regression to perform causal inference and quantify important relationships in business, economic, social and policy contexts. Applications to real world data using modern statistical software and developing skills needed to understand empirical work are emphasized.
THE INTERNATIONAL ECONOMY
ECON 401
This course investigates international trade and investment and the patterns of commercial integration in a globalizing marketplace. Students examine theories on trade and multinational firms, barriers to trade and investment, international trade and investment agreements, as well as balance of payments, exchange rate determination, capital flows and the international consequences of national macroeconomic policy. Students will also investigate the social impacts of international economic patterns and policies throughout the course.
HISTORY OF ECONOMIC THOUGHT
ECON 404
This course focuses on the development of economic thought from the middle ages to the present. Students explore the ideas, influence and historical context of individual economic thinkers, as well as examine the primary schools of thought including classical, neoclassical, socialist, institutional and Keynesian.