ECO 105 - Introduction to Political Economy
3 Credit(s)
An introduction to the study of economics and its relationship to political systems. Emphasis is on the study of markets, the role of government and constitutional law. These topics will be analyzed from a historical perspective as well as by examining current political/economic circumstances.

ECO 202 - Principles of Microeconomics
3 Credit(s)
An examination of markets, prices, production, costs, competition, monopoly, wages, rent, interest, profits, unions and international trade.

ECO 203 - Principles of Macroeconomics
3 Credit(s)
A continuation of ECO 202, including an examination of the economy as a whole based on aggregates of price, output and employment. Private and public finance, money and banking and national income accounting and determination will be analyzed. Prerequisite: ECO 202.

ECO 206 - Business and Economics Statistics
3 Credit(s)
An introduction to the collection, presentation and analysis of quantitative economic data, analysis of central tendency, dispersion, statistical inference, index numbers, time series, correlation and regression. Course includes functions and graphing. Prerequisite: MTH 105 or equivalent.

ECO 303 - Intermediate Microeconomics
3 Credit(s)
An advanced analysis of exchange, production, productive resource use, and price theory. Prerequisites: ECO 202 and 203, MTH 213.

ECO 304 - Intermediate Macroeconomics
3 Credit(s)
A thorough exposure to classical, Keynesian and Monetarist macroeconomics. A critique of macro-analysis is provided. Prerequisites: ECO 202 and 203, MTH 113 or 120 or equivalent.

ECO 323 - Industrial Organization
3 Credit(s)
A survey of antitrust laws and practices, regulated industries, governmental enterprises and other governmental interventions in the marketplace. The approach is more theoretical and philosophical than technical. Prerequisites: ECO 202 and 203.

ECO 328 - Labor Economics
3 Credit(s)
A survey of the labor movement, union structures and internal political forces. Union strategies, government labor arbitration and employment contracts and negotiations are also described. Prerequisites: ECO 202 and 203.

ECO 330 - U.S. Economic History
3 Credit(s)
See course description for HST 442.

ECO 355 - 356 History of Economic Thought I, II
3 Credit(s)
A two-course evaluation of man’s ideas about economic matters, including an examination of the relationship of economic theories to the respective historical environments in which those theories were developed. Prerequisites: ECO 202 and 203.

ECO 362 - Econometrics
3 Credit(s)
An introduction to, and foundations for, the use of techniques for estimating and testing relationships between variables. The course includes advanced topics in hypothesis testing, analysis of variance, multiple regression and correlation analysis, and experimental design. Prerequisite: ECO 206.

ECO 393 - Special Topics
1-3 Credit(s)
By arrangement with the instructor.

ECO 402 - Public Finance and Taxation
3 Credit(s)
A study of the economics of government spending and taxation. Among the topics covered are budgeting and cost/benefit analysis, effects and incidence of major taxes imposed in the U.S., and issues in state and local government finance. Prerequisites: ECO 202 and 203; 303 is recommended.

ECO 412 - 413 Austrian Economics I, II
3 Credit(s)
A year-long course which will present, analyze and critically assess the Austrian school of economics from its founder, Carl Menger, to present-day representatives such as Murray Rothbard and Israel Kirzner. The course will emphasize the works of Ludwig von Mises, whose personal library and papers will be utilized. Prerequisites: ECO 202 and 203.

ECO 415 - Economics of Public Choice
3 Credit(s)
Applications of supply and demand in the analysis of collective decisions. Emphasis will be on explanation/ prediction of legislative, bureaucratic and judicial decisions. Prerequisites: ECO 202 and 203.

ECO 440 - Money and Banking
3 Credit(s)
An analysis of the mechanics and objectives of the Federal Reserve System. A brief history and analysis of money and credit in modern financial markets. Prerequisites: ECO 202 and 203.

ECO 441 - Monetary Theory
3 Credit(s)
Studies in the theory of money and credit. Emphasis will be placed on the role of money in a market economy and the impact that changes in the supply of and demand for money have on both the structure and level of economic activity. Prerequisites: ECO 303 and 304.

ECO 460 - Theory of International Trade
3 Credit(s)
A study of the microeconomics of international trade, with emphasis on the determinants of the direction, volume, terms and gains from international trade. Issues surrounding the impact of trade, tariffs, quotas and other factors affecting the distribution of earnings will be examined. Prerequisites: ECO 202 and 203.

ECO 461 - International Monetary Economics
3 Credit(s)
A study of the macroeconomics of international trade. A systematic analysis of the monetary and financial components of economic transactions across international boundaries. Topics covered will include various models of exchange-rate adjustments under fixed, floating and mixed-exchange regimes. Prerequisites: ECO 202 and 203.

ECO 464 - Mathematical Economics
3 Credit(s)
A mathematical treatment of the theory of the firm and household behavior, including optimization problems, implicit functions and comparative statistics. This course may be viewed as advanced microeconomics. Prerequisites: ECO 303 and MTH 220 or 310 or equivalent, or special permission from the instructor.

ECO 465 - Comparative Economic Systems
3 Credit(s)
A study of the theoretical and practical differences between highly centralized “command” economies and comparatively decentralized “market” economies. Attention is given to the contrasting ideological and political aspects of these two systems as they relate to economic production and human freedom. Prerequisites: ECO 202 and 203.

ECO 470 - Constitutional Political Economy
3 Credit(s)
Conventional microeconomics courses seek to understand individual decisions without regard for the institutional framework under which such decisions are made. In this course, students learn different institutional structures and how they influence incentives, and thus individual decision-making.

ECO 472 - Law and Economics
3 Credit(s)
This course uses rational choice theory to understand legal rulemaking and institutions. Efficiency criteria act as a guide for decision-makers in formal legal institutions. This methodology is employed as it applies to torts, property, contract, criminal and antitrust law.

ECO 493 - Special Topics
1-3 Credit(s)
By arrangement with the instructor.

ECO 575 - Political Economy Senior Thesis
1 Credit
The senior thesis in Political Economy is a one-credit course that serves as a capstone for the major. The purpose is to allow the student to demonstrate his or her ability to analyze a topic in political economy using the knowledge gained from their course work in history, politics, and economics. The paper is expected to be approximately 25 pages in length, although this may vary according to the topic and method of analysis. It is suggested that the paper follow the general guidelines of: (1) a statement of the topic and why it is of interest; (2) a review of the literature; and (3) the student’s own analysis of the topic that will incorporate the literature review and the student’s background knowledge.