COURSE INFORMATION
For the official course outline, click on the course name.
ECO 115 Consumer Economics (3-0) 3 crs.
Introduces the concepts of personal financial planning within the current economic environment. Emphasizes topics such as basic macroeconomic theory, obtaining credit, purchasing insurance, investment alternatives, basic real estate finance and tax planning.
ECO 200 Introduction to Economics (3-0) 3 crs.
Covers descriptive rather than a quantitative approach to the study of economics. Major topics cover economic history, the elements of macroeconomics, microeconomics and a comparative look at other economic systems. Specifically designed for students in career-vocational curricula.
ECO 211 Microeconomics (3-0) 3 crs.
Covers economic problems faced by the individual and the firm. Examination of market structures, price and output determination. The microeconomic approach.
Microeconomics is a study of the economic behavior of individual units of an economy (such as a person, household, firm, or industry) and not of the aggregate economy (which is the domain of macroeconomics).
Microeconomics is primarily concerned with the factors that affect individual economic choices, the effect of changes in these factors on the individual decision makers, how their choices are coordinated by markets, and how prices and demand are determined in individual markets.
The main subjects covered under microeconomics include theory of demand, theory of the firm, and demand for labor and other factors of production.
ECO 212 Macroeconomics (3-0) 3 crs.
Covers economic problems faced by our society. Examination of resource allocation, national income and economic development, from a macroeconomic approach.
Macroeconomics is a study of the behavior of the whole (aggregate) economies or economic systems instead of the behavior of individuals, individual firms, or markets (which is the domain of Microeconomics).
Macroeconomics is concerned primarily with the forecasting of national income, through the analysis of major economic factors that show predictable patterns and trends, and of their influence on one another. These factors include level of employment/unemployment, gross national product (GNP), balance of payments position, and prices (deflation or inflation). Macroeconomics also covers role of fiscal and monetary policies, economic growth, and determination of consumption and investment levels.
ECO 210 Money and Banking (3-0) 3 crs.
Stresses the practical aspects of money and banking, and emphasizes the basic monetary theory needed by the banking student to apply his knowledge to his particular job. Historical treatment has been kept to a minimum. Emphasis is placed on such problems as economic stabilization, types of spending, the role of gold, limitations of central bank control, governmental fiscal policy, balance of payments and foreign exchange, showing their repercussions on the banking industry in affective yield curves and the structuring of portfolios.