Curriculum
Economics
| Approved Concentration Courses: Economics Advisors Glen Barnette, Larry Wohl
Plus 4 of the following:
|
101.PRINCIPLES OF MACROECONOMICS(1 course)
A study of the performance of the American economy including an understanding of basic economic theories, economic institutions, and the history of the discipline of economics. Topics include introductory supply and demand analysis, national income determination, the money and banking system, monetary and fiscal policy, and the application of economic principles to the problems of achieving full employment, price stability, economic growth and a favorable balance of payments. Some study of economic development and the impacts of globalization. SOSCI, Fall and Spring semesters.
202. ECONOMICS OF THE ENVIRONMENT AND NATURAL RESOURCES
This course explores the economics of environmental protection and natural resource management. The first portion of the course introduces theoretical and measurement issues related to environmental policy. Topics in this phase include the problem of externalities, theories of regulation, methods of regulation, and cost-benefit analysis. The remainder of the course uses the tools of economics to analyze specific environmental and conservation issues. These issues include conservation of exhaustible resources, management of renewable resources, and sustainable development. Prerequiste: E/M-102. Spring semester.
251.ETHICS IN BUSINESS AND ECONOMICS(1 course)
An investigation of ethical issues and moral dilemmas in the conduct of corporate business and in the evaluation of economic systems. Areas to be covered in ethics in business include corporate social responsibility, employee rights and responsibilities, hiring and dismissal, investment and production, regulation, and advertising. Topics in the ethics of economic systems include laissez faire capitalism, communism, socialism, social market capitalism, and conservationism. The historic relationship between religion and economics in the West will be discussed. Contemporary Western moral philosophy, historic and contemporary Christian ethics, and social theory will provide a context for the study. Prerequisites: E/M-101 and completion of the Christianity requirement. Fall and Spring semester.
280.PUBLIC FINANCE(1 course)
Theory, character, and trends in public expenditures, revenues, and debt management of governments, local, state, and national. Prerequisites: E/M-101, E/M-102, and E/M-130. Spring semester, even years.
281.GOVERNMENT AND BUSINESS(1 course)
This course examines the interaction of government and business in a market economy. Students will apply economic theory to an analysis of the legal and institutional aspects of government regulation. Topics include: antitrust law (mergers, price-fixing, monopolization, etc.); economic regulation and deregulation in markets for energy, transportation, and telecommunications; and social regulation in the areas of environmental protection, occupational safety and health, and consumer protection. Prerequisites: E/M-101, E/M-102. Fall semester.
372. ECONOMIC DEVELOPMENT AND WORLD RESOURCES (1 course)
This course is a study of the factors influencing the economic modernization of less developed countries, including cultural, human, and natural factors involved in the appearance and disappearance of economic resources. Topics include economic growth and development, poverty and income distribution, food problems, population growth, environment and development, sustainable development, capital formation, investment allocation, structural transformation, planning, markets, the role of the state, privatization, third world debt, development planning, macroeconomic stabilization policies, and the international economics of development. The effect of economic advancement on the rates of resource utilization and its implications for less-developed countries, more-developed countries, and world resources will be examined. Prerequisite: E/M-101. Fall semester.
380.MICROECONOMIC ANALYSIS(1 course)
An intermediate analytical approach to consumption, production, distribution, government regulation, and welfare economics. Students can not receive credit for both E/M-360 and E/M-380. Prerequisites: E/M-101, E/M-102, E/M-130, and completion of the departmental mathematics requirement. Spring semester.
381.MACROECONOMIC ANALYSIS(1 course)
This course is an analytical and empirical approach to macroeconomics. Using current computer software and web-based applications students will explore the long run determinants of economic growth, inflation and unemployment for both developed and developing economies. The course also focuses on an analysis of short run fluctuations in income, employment, how government policies affect the stability of the economy, as well as the interdependence of the domestic and global economies. Prerequisites: E/M-101, E/M-102, E/M-130, and completion of the departmental mathematics requirement. Spring semester.