EC 105 THE ECONOMICS OF CRIME
This course does not satisfy the economics requirement in the Schools of
Business and
Engineering. An examination at the very basic introductory level of the
market relationship
between the amount of crime and the money spent on crime prevention and
protection. A basic
issue discussed in the course is that given limited resources and an obvious
recognition that
crime imposes an economic cost, society must make choices involving the
trade-off between the
economic costs of crime and the costs of purchasing more crime protection.
The opportunity cost
principle is used to illuminate this and other issues, including the impact
of criminal activity on the
Gross Domestic Product and the impact of changing the legal status of
certain goods and
services. Offered in Fall semesters.
3 s.h.
EC 106 THE ECONOMICS OF POVERTY AND DISCRIMINATION
This course does not satisfy the economics requirement in the Schools of
Business and
Engineering. An introduction to the economic analysis of the problems of
poverty and gender
and race discrimination in the United States. Competing analytical
perspectives are presented and
evaluated. The course covers, among other topics, the analysis of government
policies such as
income maintenance, minimum wages, affirmative action and education
policies.
3 s.h.
EC 190 SPECIAL TOPICS IN ECONOMICS
Topics in economics which are not carried in the catalogue on a regular
basis. The course may be
repeated for credit if the topic varies.
1-3 s.h.
EC 205 PRINCIPLES OF ECONOMICS I
The basic principles of economics applied to current public problems. The
focus is on
macroeconomics. Topics include National Income Accounting; Unemployment and
Inflation;
Money and Banking; The Issue of Government Deficits and the National Debt;
and International
Trade.
3 s.h.
EC 206 PRINCIPLES OF ECONOMICS II
Prerequisite: EC 205 or EC 101. Not open to students who have taken EC 208.
Basic principles
of economics, with the focus on microeconomics. Topics include
characteristics of the American
private enterprise economy; markets, the price system, and the allocation of
resources; the
distribution of income; problems of poverty and insecurity; unions,
collective bargaining, and
public policy.
3 s.h.
EC 208 PRINCIPLES OF APPLIED MICROECONOMICS
Prerequisite: EC 205, MATH 133 or MATH 123. Not open to students who have
taken EC 206. A
complete and rigorous introduction to many of the basic principles of
microeconomics. The
course focuses on those topics of greatest interest and importance to
managers. These topics
include demand, production, cost, pricing, market structure, and government
regulation. Some of
the topics included in the course are not found in a more traditional,
theory based introductory
course. These topics include revenue maximation, break-even analysis, and
constrained profit
maximization.
3 s.h.
EC 290 SPECIAL TOPICS IN ECONOMICS
Topics in economics which are not carried in the catalogue on a regular
basis. The course may be
repeated for credit if the topic varies.
1-3 s.h.
EC 305 MACROECONOMICS
Prerequisite: EC 206. A theoretical and applicational view of aggregative
economics. A survey of
Classical, Keynesian, and neo-Keynesian theory leads into a study of
macroeconomics and
economic policies, particularly in the United States. Emphasis is on current
national economic
goals and the macrodynamics of inflation, growth, investment, and
consumption.
3 s.h.
EC 306 MICROECONOMICS
Prerequisite: EC 206. An intermediate course in economics covering the
theoretical bases used
by economists in explaining the behavioral patterns of consumers, firms, and
industries.
Problems, readings, and discussions are directed to the logical development,
understanding, and
application of theoretical models and concepts rather than pure exposition
of static analysis.
3 s.h.
EC 315 COMPARATIVE ECONOMIC SYSTEMS
Prerequisite: EC 205 or EC 101. A study of capitalism and socialism,
including theoretical
interpretations of these systems. Case studies include descriptions of the
mixed capitalist
economies of the United States and Western Europe and the transitional
economies of the
former Soviet Union, China, and Eastern Europe. Offered in alternate years.
3 s.h.
EC 316 AMERICAN ECONOMIC HISTORY
Prerequisite: EC 205 or EC 101 or EC 106. A problem-oriented approach to
American economic
history. Specific problems studied in depth vary but have included the
economic experience of
Black America, the agricultural problems of the post-Civil War years,
Southern economic history,
the rise of the industrial giants, and the causes and consequences of the
Great Depression.
Offered in alternate years.
3 s.h.
EC 321 ECONOMIC DEVELOPMENT
Prerequisite: EC 205 or EC 101. An analysis of the characteristics and
causes of
underdevelopment in poor nations and of programs designed to stimulate
economic growth.
Offered in alternate years.
3 s.h.
EC 333-334 INDEPENDENT STUDY IN ECONOMICS
See "Independent Study" on page 29.
1-3 s.h.
EC 340 THE ECONOMICS OF SPORTS
Prerequisites: EC 206 or EC 101 or EC 105. This course applies the tools of
economic theory to
the market for professional sport entertainment. The major professional
sports leagues all exhibit
several practices which are unparalleled in other U.S. industries. These
practices, both in hiring
athletes and selling the "entertainment product", are analyzed. Government
policies towards this
unique market are investigated.
3 s.h.
EC 351 ECONOMICS AND GOVERNMENT
Prerequisite: EC 206. A critical examination of the role of governments in
free enterprise
economies. Topics include the history of governmental intervention in
business, industry, and
finance; major current economic problems; the method and degree of
government action
proposed to resolve economic problems. Offered in alternate years.
3 s.h.
EC 355 PUBLIC FINANCE
Prerequisite: EC 206. The effects of government expenditure, borrowing, and
taxation upon
resource allocation, national income, employment and income distribution.
Special emphasis is
placed on the appropriate types of taxation and current and recent
government budgetary
choices.
3 s.h.
EC 361 URBAN ECONOMICS
Prerequisite: EC 206. A study of the economic aspects of the social and
political problems of the
modern American city. Offered in alternate years.
3 s.h.
EC 371 INTERNATIONAL MONETARY ECONOMICS
Prerequisite: EC 206 or EC 205. An analysis of the balance of payments and
the foreign
exchange market, including the theory of payments adjustment and policies to
attain domestic
international balance. The course examines the roles of the dollar, other
currencies, and the
International Monetary Fund in the process of international monetary reform.
3 s.h.
EC 372 INTERNATIONAL TRADE
Prerequisites: EC 206. The theory and practice of international trade and
investment. Topics
include comparative advantage, determination of the pattern of trade,
current problems of
commercial policy and trade negotiations, the role of the multinational
corporation, and the theory
of economic integration, with special reference to the European Union.
Offered in alternate years.
3 s.h.
EC 374 ENVIRONMENTAL ECONOMICS
Prerequisite: EC 205 or EC 101. This course examines the economic aspects of
current
environmental and natural resource issues. The problems of pollution control
and resource
management are examined from an economic perspective. Other topics may
include the global
population problem; energy dependence and the economy, the economics of
recycling; and the
impact of environmental policy on growth, jobs, and the quality of life.
3 s.h.
EC 386 ECONOMETRICS
Prerequisites: EC 206; MATH 112; QM 201 or MATH 207, or PSY 207. Methods of
detecting and
means of remedying violations of the assumptions of classical regression
analysis. While only
economic models are discussed, the methodology is multidisciplinary in
nature.
3 s.h. Laboratory fee $10.
EC 390 SPECIAL TOPICS IN ECONOMICS
Prerequisite: Varies according to nature of course. Topics offered depend
upon student interest
as well as particular interests of instructors. The course is offered as
often as faculty time and
student interest permit. Recent topics have included "The New England
Economy," "The
Economics of Election Issues," "The Economics of the GOP 'Contract with
America,'" and
"Economic Controversies." May be repeated for credit if the topic differs.
1-3 s.h.
EC 480-81 INTERNSHIP IN ECONOMICS
See "Internships" p. 30.
1-3 s.h.
EC 490 SEMINAR: ISSUES IN CONTEMPORARY ECONOMICS
Prerequisites: EC 206 and six additional semester hours of economics.
Discussions of various
topics of interest in economics. Each student prepares a research paper on a
topic of choice.
3 s.h.