Undergraduate Course Descriptions
ECN 101 Principles of Economics (4 credits)
Survey of macro and micro economic reasoning including the theories of national income
accounting, fiscal and monetary policy formulation, and price and output determination
in various competitive situations.
ECN 201 Economics for Managers (4 credits)
A study of microeconomics and its relevance to managerial decisions in for-profit and
not-for-profit enterprises. Topics covered include, demand and supply analysis, production
and cost analysis, market structure and firm behavior, profit analysis, pricing practices,
economic analysis of capital projects, and legal and regulatory environment of business.
ECN 220 Intermediate Macro Economics (4 credits)
An intermediate level course continuing the concepts of economic aggregates and modern
employment theory; the determinants and statistical measurement of the national income,
consumption, investment and saving; the impact of fiscal policy and governmental actions.
Prerequisite: ECN 101.
ECN 225 Intermediate Micro Economics (4 credits)
An intermediate level course emphasizing the micro theories of price and resource
allocation under different market conditions and the distribution of the proceeds to the
various factor claimants. Prerequisite: ECN 101.
ECN 230 Money, Credit, and Banking (4 credits)
A study of the role of money and credit in economics, its effect on societal norms past
and present; the Federal Reserve System and its instruments of monetary policy with their
ultimate effect on the producer and/or consumer; the influence of monetary and fiscal
policy on economic growth and stability. Prerequisite: ECN 101.
ECN 240 International Trade and Finance (4 credits)
Analysis of the principles and practices of foreign trade; mechanisms of international
finance; investments; balance of payments; survey of existing commercial treaties and
agreements; international trade policies; and leading world trade institutions.
Prerequisite: ECN 101.
ECN 251 Comparative Economic Systems (4 credits)
Examines the differences and similarities between various economic systems. Covers the
economies of different countries in Europe, Asia, Africa, and the Americas. It also
studies the problems of transition of socialist systems to market-based economies.
Prerequisite: ECN 101.
ECN 255 Public Finance (4 credits)
Economic analysis of public debt, expenditures and revenues. Examines the role of
government, with particular attention to public goods theory, project evaluation using
cost-benefit analysis, and taxation. Covers the economic basis of government programs
such as social security and food stamps. Some sections may include a service-learning
component. Prerequisite: ECN 101.
ECN 260 Financial Institutions and Markets (4 credits)
This course brings in a historical and evolutionary perspective, provides a global
emphasis where appropriate, and covers the traditional markets and institutions. In
addition, the course follows a flow-of-funds perspective and ends with a discussion on
monetary policy. The course provides balanced coverage of the theories, policies,
institutions and historical background. The course emphasizes how structural change,
globalization, innovation, and technology affect the financial environment, with attention
to how and why institutions and markets evolve. Prerequisite: ECN 101.
ECN 320 Development of Economic Theories (4 credits)
A systematic study of the development of economic theories from the beginning of the
classical tradition through Marxian socialism of the twentieth century with principal
attention on modern developments including neo-classicalism, neo-Keynesianism, Rational
Expectations, Monetarism, and Supply Side economics. Economics majors will be required
to write a thesis paper. Prerequisites: ECN 220 or 225.
ECN 1/2/3/485 Special Topics (1-4 credits)
Study of a timely topic in economics.
ECN 2/3/486 Independent Study (1-4 credits)
Intensive individual work. Includes Honors Program research. Prerequisites: Consent of
instructor, academic advisor, division chairperson.
