ECO - Economics   

ECO 201 - Macroeconomics   (3 Credits)
   This course gives the business student a basic understanding of the free enterprise, capitalistic aggregate economic system. It deals with classical concepts of aggregate demand and supply, national income and product measures, the consumption and investment aspects of Keynesian economics, the supply side of economics, and its applications.  It also discusses the government's role in an economy and the use of fiscal, monetary, incomes and foreign trade policies to guide the economy.   The course concludes with a discussion of money supply and the role of money in the economy, the banking system, and the Federal Reserve System.
   Prerequisite: MAT 111

ECO 202 - Microeconomics   (3 Credits)
   A continuation of Economics I that deals with economics of the firm and the individual.  It delves into utility theory of the consumer, the theory of optimal input use for the producer, and the rationing mechanism of the perfectly competitive product and resource markets.   It also describes the various noncompetitive markets such as monopoly, monopolistic competition, oligopoly, and monopsonistic market structures and how economic decisions are made in such markets.
   Prerequisite: ECO 201

ECO 300 - Special Topics in Economics   (3 Credits)
   This course is designed to provide in-depth study of one particular component of Economics.  Topics may vary from year to year.  
   Prerequisites: ECO 201, ECO 202

ECO 383 - International Trade and World Economy   (3 Credits)
   This course applies theoretical and historical principles of monetary and trade policy to the problems and issues current in international economics and global economy. Topics include the politics of international trade policy, exchange rate systems, tariff and import quota issues, cartels, monetary-policy, and national income accounting. Theoretical issues are discussed using case studies and problem solving.
   Prerequisite: ECO 201