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Section VII: Courses of Instruction
Economics
ECON 123. Contemporary Economics (3)
Introductory survey of modern economic issues. Economic theory is employed in the analysis of inflation, unemployment, pollution, regulation, market structure, and related topics. Economic institutions such as corporations, banking, and government are also studied. Students cannot receive credit for ECON 123 after completing ECON 205 and ECON 206.
ECON 205. Principles of Macroeconomics (3)
Introduction to fundamental economic concepts including production possibilities and economic growth, market supply and demand analysis, money, banking, and government fiscal and monetary policies. Emphasis is placed upon fluctuations in national income, employment, and the price level.
ECON 206. Principles of Microeconomics (3)
Continuation of ECON 205. Topics include extension of supply and demand analysis, production costs and revenue analysis of firms under perfect and imperfect competition, resource markets, and international trade and finance. Selected economic problems. Prerequisite: ECON 205.
ECON 292. Internship in Economics (1-6)
Practical experience in local, regional, and Washington Gateway organizations such as government offices, social actions groups, and private corporations/companies. Interns learn how to translate classroom theory and methods into professional skills and opportunities. Usually offered every term. May be repeated. Prerequisite: Must have sophomore class standing with minimum 2.5 overall GPA, approval of academic department, and placement by Career Center.
ECON 301. Intermediate Microeconomics (3)
An intermediate-level study of the behavior of consumers, firms, and resource owners. Input and output markets under perfect and imperfect competition. General equilibrium analysis and welfare economics. Prerequisite: ECON 206.
ECON 302. Intermediate Macroeconomics (3)
An examination of classical, Keynesian, and monetarist theories and their application for determining the level of and changes in national income, aggregate employment, and the average price level. Prerequisite: ECON 206.
ECON 303. Managerial Economics (3)
The application of economic tools and techniques to management decision-making. Topics include demand, cost, and profit analysis; price and output decisions; budgeting and benefit/cost analysis; and the impact of government regulation. Case studies. Prerequisites: ECON 206 and BADM 224.
ECON 304. History of Economic Thought (3)
A study of the development of economic thought from mercantilism to the present day. Contributions of great economists to economic analysis and their bearing on current theory and policy issues are emphasized. Prerequisite: ECON 206 or ECON 123.
ECON 305. Money and Banking (3)
Within a theoretical structure, an examination concerning the changing nature and dynamics of money and credit structures of American depository institutions, including their regulatory bodies. Application to monetary policies and their implications for stabilization and growth objectives. Prerequisite: ECON 206 or ECON 123.
ECON 310. Public Finance (3)
A study of government expenditures, sources and methods of taxation, economic effects of expenditures and taxes, and government debt policies. Prerequisite: ECON 206.
ECON 320. Urban Economics (3)
An examination of the interactions between the spatial environment and economic activity. Focus is placed on the spatial location of economic activity, the pattern of land use within an area, and urban problems. Prerequisite: ECON 206.
ECON 325. International Finance (3)
Basic theories, problems, and policies of international finance, such as the international currency system, national income determination in an open economy, exchange rates theory, and balance of payments. Prerequisite: ECON 206.
ECON 326. International Trade (3)
The study of basic theories, problems, and policies of international trade, such as comparative advantage, tariff and non-tariff, "protectionism," barriers to trade, and factor mobility. Prerequisite: ECON 206.
ECON 330. Economics of Developing Countries (3)
An examination of the prospects and problems of developing countries. The major theories of economic growth are explored. Issues and policies related to urbanization, agriculture, education, the environment, poverty, and international trade are analyzed from the perspective of the developing countries. Prerequisite: ECON 206 or permission of instructor.
ECON 350. Government and Business (3)
Government control of business in the United States will be examined, including the roles and responsibilities of business firms and governments in a market economy; industrial concentration; antitrust; multinational corporations; regulated industries; government promotion of business; consumer protection; and environmental regulations. Prerequisite: ECON 206 or ECON 123.
ECON 392. Cooperative Education in Economics (3-9)
May be repeated for credit, but not in the same term; topic must be different. Usually offered every term. Prerequisite: Must have junior level standing with minimum 2.5 overall GPA, approval of academic department, and placement by the Career Center. Maximum of three credit hours may be used as economic elective credit by majors only.
ECON 450. Seminar in Economics (3)
A summation of the major themes of economic theory along with application of certain of these theories within a policy context. Prerequisites or corequisites: ECON 301 and ECON 302.
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