Economics (ECON)

ECON 101  Principles of Macroeconomics  (3)  

Introduces macroeconomics, the study of the behavior of the economy as a whole. Topics discussed include income theory, unemployment, inflation, and fiscal and monetary policy in a global framework.

Meets general education requirements: GE-Social Awareness  
IAI Course Number: S3 901  
ECON 102  Principles of Microeconomics  (3)  

Introduces microeconomics, the study of individual economic decisions. Major emphasis is given to how individual households and firms decide how much to produce and spend, and how prices are determined.

Meets general education requirements: GE-Social Awareness  
IAI Course Number: S3 902  
ECON 302  Consumption Economics  (3)  
Prerequisite: ECON 102  

Studies micro and macro aspects of consumption along with consumption patterns in the U.S. and an examination of the policies regulating the consumer market.

ECON 312  International Economics  (3)  
Prerequisite: ECON 101  

Compares the major economic systems in today's industrialized world: U.S., Japan, Germany, China, and the Soviet Commonwealth States along with a discussion of the major trade groups.

ECON 321  Intermediate Macroeconomics  (3)  
Prerequisite: ECON 101  

Studies factors determining aggregate levels of income, employment, and the price level and analysis of current macroeconomics monetary and fiscal policies.

ECON 322  Intermediate Microeconomics  (3)  
Prerequisite: ECON 102  

Explores how prices are determined and how prices function to coordinate economic activity and explain resource allocation.

ECON 401  Behavioral Economics  (3)  
Prerequisite: ECON 101 and ECON 102  

This course provides a non-technical introduction to behavioral economics. Behavioral economics incorporates results from psychology in the attempt to gain deeper insight into economic behavior, to make better predictions, and to generate improved policy prescriptions. This course attempts to improve the field of economics by looking at psychology, sociology, human judgment and behavior, and psychological and sociological underpinnings of economic analysis.

ECON 402  American Economic History  (3)  
Prerequisite: ECON 101 and ECON 102  

This course explores the development of the American economy and evolution of economic institutions. It provides an economic analysis of American history from colonial settlements to the present. The course emphasizes the role of technology in fostering growth and development, the central role of financial markets in economic growth, and the use of government policies to support westward expansion, using the development of the American West as a central theme.

ECON 493  Economics Lab  (1-3)  

Is an experiential learning activity designed to integrate the theory learned in a student’s business course work with practice as experiences in the workplace. Labs may be designed to include experiences such as small projects, participation in events, observing business practitioners in the workplace, etc. Labs can be in connections with a specific course or as stand-alone experiences.

ECON 494  Topics in Economics  (1-3)  

Courses not specifically listed in the catalog may be taught under this title.

ECON 498  Economics Internship  (0-15)  

Provides a supervised practical experience for an extended period of time for advanced students through the business department.