Description of Courses
ECO ECONOMICS (Campbell School of Business)
A word about prerequisites: Most business and economics studies are profitably undertaken by students with firm grounding in liberal arts, general education (including some mathematics) and prior business courses, so many Campbell School courses have specific course or level (e.g., JS or SS) prerequisites.
110. Principles of Economics I - 3-0-3
Analysis of how markets determine prices and the role of the price system in society. Introduction of the factors that determine macroeconomic activity and growth. Discussion of the American financial system and international trade. Consistent with the placement in the College's general education curriculum, this course emphasizes economic literacy for understanding historical and current events.
210. Principles of Economics II - 3-0-3
Analyzes the behavior of households and business firms and of markets' role in directing and integrating that behavior. Takes into account market structure and government policies relative to markets. Analyzes the allocation of scarce resources among competing uses and across time. Discussion of entrepreneurs' role in society. Analyzes international trade and trade policy options. PR: Grade of C- or better in ECO110.
300. Economics Colloquium - 1-0-1
Examination of a specific topic or issue. Examples include prominent public policy debates or the work of a prominent economist such as Adam Smith. May be repeated twice with permission of the economics department chair. PR: ECO 110 with a grade of B- or better or CI.
301. Intermediate Microeconomic Analysis - 3-0-3
Analysis of decision making within households and business firms. Derivation and analysis of the behavior of markets, both for goods and services and for resources. Focus on conditions for economic efficiency and relevant public-policy issues. PR: ECO 210, MAT 145 or 201.
302. Intermediate Macroeconomic Analysis - 3-0-3
Analysis of the major models of macroeconomic performance of the market system in determining the level of aggregate income and of the aggregate price level. Introduction of fiscal and monetary policy as methods of affecting the levels of major economic aggregates. PR: ECO 210.
310WI. History of Economic Thought - 3-0-3
Development of economic doctrine and method from the ancient Greeks to the present, with emphasis on the contributions of Smith, Malthus, Ricardo, Mill, Marx and Marshall. PR: ECO 210 and JS.
331. Financial Markets, Institutions and Money - 3-0-3
(See also FIN 331.) Examination of the working of financial markets and institutions and their role in the macroeconomic system. Application of corporate financial and investment skills to the management of a financial institution, such as a commercial bank or savings and loan association. PR: ACC 201 and ECO 210.
415WI. Economic History of the United States - 3-0-3
Economic development of the United States from the colonial era. Addresses banking, transportation, government policies and immigration. Special emphasis on the economic history of the South. PR: ECO 110 and 210.
420. Econometrics - 3-0-3
Analysis of methods of developing quantitative estimates of economic relationships and emphasis on how such estimates aid decision making and forecasting. Emphasis on potential problems in estimation and possible methods of dealing with such problems. PR: ECO 210; MAT 111 or 311; and JS.
430. Public Economics - 3-0-3
Analysis of effects of government spending and taxing policies on the market system at both the microeconomic and macroeconomic levels. Focus on total expenditures and on selected expenditures programs. Analysis of the impacts of taxation and introduction of different types of tax instruments; consideration of issues related to government debt. PR: ECO 210, MAT 111 or 311, and JS.
440. International Economics and Finance - 3-0-3
(See FIN 440.) Analysis of international trade and finance. Examination of trade theories, balance of payments, and exchange rate. Movements and international capital mobility. Discussion of effects of exchange rate movements on multinational enterprises. Demonstration of the effects of tariffs and quotas. PR: ECO 210 and JS.
450WI. Comparative Economic Systems - 3-0-3
Analysis of theoretical and empirical aspects of capitalism, socialism, communism and other types of mixed economies. Comparison and contrast of the centrally planned and free-enterprise economies. PR: ECO 210 and JS.
460. Economic Analysis of Law - 3-0-3
Analyzes substantive and procedural legal rules using neoclassical economic theory. Emphasis is on the Chicago school of Posner, Coase, et al., stressing efficiency rather than equity. Topics include property rights, contracts, torts, corporations and crime and punishment. PR: ECO 210, MAT 111 or 311, and JS.
470. Environmental Economics - 3-0-3
Application of the principles of economics to the study of how environmental resources are developed and managed. Focus on how and why people make decisions that have consequences for the natural environment and how economic institutions and policies influence these decisions. PR: ECO 110; and (ECO 210 or EVS 104).
490. Topics in Economics - 3-0-3
Intensive examination of the issues related to a specific topic in economics such as the environment, regulation, economic development or urbanization. PR: ECO 210, JS and CI.
496. Academic Internship - 3 hours
Student will work in a professional setting under a faculty member who provides guidance and works with the student and on-site work supervisor to integrate work experiences and the student's educational and professional goals. Development of a learning contract. PR: ECO 210; see general requirements for academic internships in this catalog; CI.
498. Directed Study (Economics) - 3-0-3
Advanced individual research in economics. PR: JS and approval of school dean.