Course Descriptions

ECN 2210 Principles of Microeconomics 3 credits
An examination of general microeconomic theory with an emphasis on supply and demand, opportunity cost, consumer choice, the firm, the market structures and regulations, allocation of resources, capital, interest, profit, labor unions, income analysis, energy, national resource economics, and public policy.

ECN 2220 Principles of Macroeconomics 3 credits
An examination of general macroeconomics theory with an emphasis on government spending and taxation, national income accounting, economic fluctuations, macroeconomics theory, fiscal policy, monetary policy, the banking system, economic stabilization, international trade, economic growth, and comparative economic systems.

ECN 3000 International Trade 3 credits
Examines the bases of trading among nations with emphasis on resources, foreign exchange, balance of payments, investments, tariffs, import quotas, export controls, nationalism, free trade, protectionism, and the institutions aiding in world trade.
Prerequisites: ECN 2210 and 2220

ECN 3010 Intermediate Microeconomics 3 credits
A study of resource allocation, scarcity, income distribution, consumer choice; theory of the firm, market structures, factor markets, welfare economics, and general equilibrium.
Prerequisites: ECN 2210 and 2220

ECN 3020 Intermediate Macroeconomics 3 credits
A study of income theory, employment, interest rates, and price level determination. The role of government and its influence on these variables via monetary and fiscal policies will be studied.
Prerequisites: ECN 2210 and 2220

ECN 3110 Economic History 3 credits
A study of significant periods and development in the evolution of economic activity in the U.S. with special emphasis on the place of the American business community and its relationship to the world economy from 1607 to date.
Prerequisites: ECN 2210 and 2220

ECN 3310 Money and Banking 3 credits
Examines the role of money and financial institutions in the U.S. economy. Includes an analysis of the role of the Federal Reserve and the impact of monetary policy on interest rates, exchange rates, inflation, and a comparison of different institutional arrangements in financial markets.
Prerequisites: ECN 2210 and ECN 2220

ECN 3410 Comparative Economic Systems 3 credits
An analysis of the various systems of economic organization; comparison of socialist methods of economic management with the operations of the market economy; overview of the current economics of several nations.
Prerequisites: ECN 2210 and 2220

ECN 3510 Development of Economic Thought 3 credits
An analysis of the theories advanced from the Greeks to the contemporary schools of economic thought and their effects on present-day economic policies designed to give students an appreciation for the intellectual foundation of the discipline.
Prerequisites: ECN 2210 and 2220

ECN 3710 Environmental Economics 3 credits
Applies tools of economic analysis to issues of environmental pollution and resource depletion. Students will learn techniques for evaluating current resource use and compare various regulatory and incentive-based public policy alternatives for improvement. Applications include solid waste management, air and water pollution, energy, wildlife habitat, population, and trans-boundary pollution.
Prerequisite: ECN 2210

ECN 3850 Special Topics 1-3 credits
Various topics in economics. These may be one-time or occasional course offerings.
Prerequisite: Dependent on specific course content

ECN 3990 Advanced Topics - Political Economy 3 credits
An analytical and critical paper written after attendance at the annual summer "Freedom Seminar" or through arranged independent study.
Prerequisites: ECN 2210 and 2220

ECN 4010 Economics of Public Policies 3 credits
A study of both the short-term and long-term economic consequences of public policies as they relate to individuals and organizations. Policies examined include public pensions, health insurance, health and safety regulation, environmental protection, energy, industrial policy, and taxation.
Prerequisites: ECN 2210 and 60 credit hours completed.

ECN 4250 Cases and Problems in Global Entrepreneurship 3 credits
The case study method is used to analyze the global environment confronting the entrepreneur engaged in cross border enterprise. Important course components include public policy, markets, labor, and financial forces.
Prerequisite: ECN 3000

ECN 4400 Austrian Economic Theory 3 credits
Provides a general overview of how a generalized understanding of human action under subjective preferences can be used to deduce a wide range of economic phenomena.
Prerequisites: ECN 2210 and ECN 2220

ECN 4500 Introduction to Econometrics 3 credits
Introduces students to the basics of econometrics and regression analysis to evaluate economic problems. Familiarizes students to basic applied econometrics theories and techniques that can be used with commonly available computer software. A strong emphasis is placed on applications to relevant real-world data and to the recognition and understanding of common statistical problems.
Prerequisites: 60 credits hours completed, ECN 3010, and MTH 2310

ECN 4890 Research Methods 3 credits
This course is based on the belief that in order to learn economics, a student must do economics. Provides a framework within which the students learn to understand and evaluate economic research, while completing an original research paper under the supervision of the instructor.
Prerequisite: ECN 4500