Economics

EC 201 Microeconomics (3)
An investigation of the principles of production, distribution, consumption, and price as they relate to the individual consumer or firm. Not open to freshmen.

EC 205 Macroeconomics (3)
Analysis of national economic policies: laissez-faire, Keynesian, and monetarist theories applied to the questions of inflation, unemployment, government spending and taxation, world trade and finance, the Federal Reserve, and monetary policy. Not open to freshmen.

EC 220 Economics of Sport (3)
This course will provide students with an opportunity to apply principles of economic theory to various aspects of the sport and leisure fields. Additionally, students will analyze the relationship between supply and demand for services related to sport and leisure. Finally, students will examine the evolution of economic factors in sport to include: professional specialization in sport, gender issues in sport, and the evaluation of individual and team performance in sport settings. Prerequisite: AC 221 (can be taken concurrently).

EC 305 Money and Banking (3)
Role and uses of money, the flow of funds, concepts of the money supply, the Federal Reserve system, tools and effects of monetary policy, international monetary relations. Prerequisite: EC 201 and EC 205. Offered in alternate years.
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EC 310 Intermediate Microeconomics (3)
This course examines utility maximization, profit maximization, and price theory at levels consistent with articles published in scholarly journals. Concepts are investigated through application to concrete microeconomic issues. Prerequisite: EC 201

EC 320 Intermediate Macroeconomics (3)
This course concentrates on the empirical evidence behind key macroeconomic relationships. Accordingly, significant attention will be paid to implications for monetary and fiscal policies. A review of constitutional and legislative constraints on policy will be undertaken as well. Prerequisite: EC 205, BA 212 (or equivalent).

EC 325 Health Care Economics (3)
This course examines supply and demand of health care services and its impact on the pricing of health care in relation to managed care in both the private and public sector. Other topics examined include resource allocation and utilization, user, employer and provider concerns. Prerequisite: EC 201

EC 355 Public Finance (3)
Economic aspects of government spending, taxation, and indebtedness; allocation of resources between public and private goods. Prerequisite: EC 201 and 205. Offered in alternate years.
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EC 375 International Trade (3)
Economic and political aspects of world trade: free trade vs. protectionist policies, institutions affecting world trade, currency exchange rates, and world economic development. Prerequisite: junior standing. Offered in alternate years.

EC 452 Investment Analysis (3)
Functioning of stock exchanges and other capital markets; financial analysis from the investor’s point of view. Emphasis is on security analysis, valuation, investment timing, and portfolio theory. Prerequisite: EC 205, BA 212, and BA 350. Offered in alternate years.
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