Courses - Economics: ECON 201: Principles of Macroeconomics 3 cr. Prerequisite: Math 111. An introductory study of the nature of macroeconomics, with emphasis on national income determination and the monetary system. Three hours of lecture. ECON 202: Principles of Microeconomics 3 cr. Prerequisite: Math 111. An introductory study of the nature of microeconomics, with emphasis on consumption, production, and resource allocation from a private and social point of view. Three hours of lecture. ECON 285: Foundations of Economics 3 cr. Prerequisite: None. An introductory study of the principles of macroeconomics and microeconomics. The course is designed to give the student a background in essential economic theory necessary to satisfy the MBA foundations requirements. Students will attend lectures as well as complete self-directed computerized instructional materials. Credit will not be allowed for undergraduate business majors. Three hours of lecture. ECON 301: Aggregate Economic Analysis 3 cr. Prerequisites: ECON 201 and 202. Analysis of the factors determining aggregate national income, employment and unemployment, capital accumulation and economic growth, business cycles, and analysis of the monetary system. Three hours of lecture. ECON 302: Intermediate Economic Theory 3 cr. Prerequisites: ECON 201 and 202. The study of resource allocation and factor pricing in an enterprise economy. Some consideration is given to the application of microeconomic theory in business decision making. Three hours of lecture. ECON 310: Money, Banking, and Monetary Policy 3 cr. Prerequisites: ECON 201 and 202. An intermediate study of the nature and functions of money, the banking system of the United States, and monetary theory. Three hours of lecture. ECON 327: Industrial Relations and Collective Bargaining 3 cr. Prerequisite: MADM 301. Analysis of management and labor relations in its behavioral, institutional, legal and historical aspects. Includes collective bargaining, arbitration, grievance procedures, wage and benefits issues, institutional issues, seniority, employee safety, discipline, and public sector collective bargaining. Three hours of lecture. Also listed as MADM 327. ECON 460: International Economics 3 cr. Prerequisites: ECON 201 and 202. An introduction to the theories of trade, international payments, foreign exchange rates, instruments, markets, and adjustment of international disequilibria. Three hours of lecture. ECON 490: Seminar in Economics 3 cr. Prerequisites: Junior standing and consent of the department. May be repeated for a maximum of six term hours. Selected topics will vary from term to term. Three hours of seminar. ECON 705: Economic Analysis for Management 3 cr. Prerequisites: ECON 201 and 202 (or ECON 285) and MATH 260. Application of economic theory and tools to the management of the firm in a market economy. Market and industry demand and supply, as well as firm revenue, cost, production, and hiring decisions will be analyzed. Cases and academic articles are used to develop the concepts. Three hours of lecture. << RETURN TO PREVIOUS PAGE This online catalog is for informational purposes only and is subject to modification. Final authority resides in the printed version of the catalog.