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Department of Economics

Degree Programs
Bachelor of Arts in Economics

Bachelor of Science in Economics
Bachelor of Science in Economics: Minor Business
Course Descriptions

The primary objective of the Department of Economics is to provide all students and faculty with the opportunity and the supportive environment for excellence in study, learning, teaching, research, and service.  Focusing on significant economic issues and problems, students utilize the best available theoretical framework and empirical research in acquiring functional knowledge and understanding of problems of the human condition.
Undergraduate degrees which may be earned are the bachelor of arts and the bachelor of science.

Faculty
Professors: Daniels, Rudolph; Oguledo, Iwuagwu V.
Associate Professor: Johnson, Nathaniel
Assistant Professor: Okoye, Ifeakandu; Williams, DeEdgra

The program in economics offers curricula leading to the bachelor of arts and the bachelor of science degrees in economics, as well as a bachelor of science degree in Economics with a minor in business.    While all of the degree programs provide a broad liberal arts background, the bachelor of arts degree and the bachelor of science degree emphasize breadth and research skills, while the bachelor of science in economics with a minor in business degree emphasizes business applications.  The economics program trains people for a variety of professions, including business management, finance, government, research, and advanced study in economics and business.

A minor in economics requires the completion of ECO 2013, ECO 2023, ECO 3101, ECO 3203, and six (6) credit hours of intermediate and advanced courses in Economics (available at the Economics Department Office, Room 427, Tucker Hall).

Bachelor of Arts in Economics
Freshman Year Sem. Hrs.
ENC 1101, 1102 or ENC 1121, 1122Freshmen Communication Skills I, I or Honors6
MAC 1105 or 1114College Algebra, Algebra & Trig. Function6
MAC 1147Pre-Calculus4
BSC 1005  and BSC 1005 LabBiological Science w/Lab4
PSC 1121, AST 1002, or PHY 3464,Physical Science, Astronomy, or Natural Science Elective
4
HUM 2211, 2230Historical Survey I, II (or other approved "Topical Humanities" courses)**
6
SPC 1017 or SPC 2608Foundations of Speech or Public Speaking3
 33

Sophomore YearSem. Hrs.
ECO 2013, 2023 Principles of Economics I and II* 16
STA 2023 Introduction to Probability and Statistics I or QMB 36003
AMH 2010 or 2020 American History3
AMH 2091 Introduction to African American History
or AFA 3104 African-American Experience

3
MAC 2311 Calculus I4
Foreign Language (in a single language) *26
CGS 1061 or CGS 2120 or CGS 2162 - Micro-Computer Applications, Micro-Computers w/Programming, Micro-Computers w/Programming-Honors (or other approved computer course)

3
ECO 3921 Professional Development2
 30

Junior YearSem. Hrs.
ECO 3101, 3203 Microeconomics, Macroeconomics6
ECO 4223 Money and Banking3
ACG 2021 Financial Accounting Principles or ACG 2022 Financial Accounting3
ACG 2071 Managerial Accounting Principles or ACG 3301 Managerial Accounting3
ECO 4303 History of Economic Thought3
Foreign Language (in a single language) *26
Minor Electives *66
 30

Senior YearSem. Hrs.
ECO 3421 Econometrics *43
ECO 4704 International Trade *33
ECP 4403 Economics of Industrial Organization3
ECS 4013 Economics of Less Dev. Countries3
Minor Electives *612
ECO 4713 International Finance *33
ECO 4401 Mathematical Economics *53
 30
TOTAL120
All classes applied  toward graduation must be passed with a grade of "C"  or better. See your advisor for approved course sequences in: mathematics, social sciences, humanities, statistics, and computers.


PREREQUISITES

*1.  ECO 2013 and  ECO  2023  must be completed  prior  to  taking  any  other Economics courses.           
*2. At Least Six Hours of Foreign Language Must Be At 3000 Level or Higher.
*3. ECO 3101 and ECO 3203 must be completed prior to taking ECO 4704, ECP 4703  and ECO 4713.
*4. STA 2023 must be completed prior to taking ECO 3421.
*5. MAC 2311 and ECO 2023 must be completed before taking ECO 4401
*6. At Least 12 Hours Of Minor Electives Must Be At 3000 Level or Higher.
**Approved list of "Topical Humanities" courses can be obtained from  the Office of Student Services, 302 East Sybil Mobley Complex.

MAJORS ARE REQUIRED TO HAVE A MINIMUM OVER-ALL GRADE POINT AVERAGE OF 3.00 TO REGISTER FOR AN ACADEMIC OVERLOAD (more than 18 hours).  PERMISSION MUST BE OBTAINED FROM CHAIRPERSON and DEAN BEFORE REGISTERING.  NON-COMPLIANCE WILL RESULT IN STUDENT BEING ADMINISTRATIVELY WITHDRAWN FROM CLASS(ES).


Bachelor of Science in Economics

Freshman YearSem. Hrs.
ENC 1101 1102 Freshman Communicative Skills I, II6
MAC 1105 1114 College Algebra, Algebra & Trig. Function6
MAC 1147 Pre-Calculus4
PSC 1121, AST 1002 or PHY 3464 Physical Science, Astronomy,
or Natural Science Elective

4
HUM 2211, 2230 Historical Survey I, II (or other approved "Topical Humanities" courses)**6
SPC 1017 or SPC 2608 Foundation of Speech or Public Speaking3
 29

Sophomore YearSem. Hrs.
ECO 2013, 2023 Principles of Economics I and II * 16
STA 2023 or QMB 3600 Introduction to Probability and Statistics I or Quantitative Methods for Business Decisions I3
AMH 2010 or 2020 American History3
AMH 2091 Introduction to African American History or
AFA 3104 African-American Experience

3
MAC 2311 Calculus I4
SYG 2000 or SYG 3010 Introduction to Sociology or Social Problems
(or one non-history course from approved Social Science list)

3
CGS 2060C Computer Literacy (or other approved computer courses)3
ECO 3921 Professional Development2
 27

Junior YearSem. Hrs.
ECO 3101 and 3203 Microeconomics Theory, Macroeconomics Theory6
ECO 4223 Money and Banking3
ECO 4303 History of Economic Thought3
ACG 2021 Financial Accounting Principles3
ACG 2071 Managerial Accounting Principles3
ECO 3421 Econometrics *23
Minor  Electives *56
ECO 4504 Public Finance3
ENC 3320 Advanced Composition3
 33

Senior YearSem. Hrs.
ECO 4704 International Trade *33
ECP 4403 Economics of Industrial Organization3
MAC 2312 Calculus II4
Minor Electives *512
ECO 4401 Mathematical Economics *43
ECS 4013 Economics of Less Developed Countries3
ECO 4713 International Finance *33
 31
TOTAL............................................................................................................................120

All classes applied toward graduation must be passed with a grade “C” or better. See your advisor for approved course sequences in: mathematics, social science, humanities, statistics, and computers.

PREREQUISITES
*1.  ECO  2013   and ECO  2023 must be completed prior to taking any other Economics courses.
*2. STA 2023 Must Be Completed Prior To Taking  ECO 3421.
*3. ECO 3101 and ECO 3203 must be completed prior to taking ECO 4704, ECO 4713 and ECP 4703.
*4. MAC 2311 and ECO 2023 must be completed before taking ECO 4401
*5. At Least 12 Hours Of Minor Electives Must Be At 3000 Level or Higher.

**Approved list of "Topical Humanities" courses can be obtained from  the Office of Student Services, 302 East Sybil Mobley Complex.

MAJORS ARE REQUIRED TO HAVE A MINIMUM OVER-ALL GRADE POINT AVERAGE OF 3.00 TO REGISTER FOR AN ACADEMIC OVER-LOAD (more than 18 hours).  PERMISSION MUST BE OBTAINED FROM CHAIRPERSON and DEAN BEFORE REGISTERING.  NON-COMPLIANCE WILL RESULT IN BEING ADMINISTRATIVELY WITHDRAWN FROM CLASS(ES).

Bachelor of Science in Economics: Minor Business

Freshman YearSem. Hrs.
ENC 1101, 1102 Freshman Communicative Skills I, II or ENC 1121, 1122 Honors6
MAC 1105, 1114  or 1147 or MGF 1106 or 1107 Mathematics6
BSC 1005 Biological Science and BSC 1005 Lab or ISC 1006
or ISC 1007 Wide World Science I or II

4
PSC 1121, AAST 1002 or PHY 3464 Physical Science,
Astronomy or Physical Basis of Music

4
SPC 1050 or SPC 2600 Foundations of Speech or Public Speaking3
HUM 2211, 2230 Historical Survey I and II
(or other approved “Topical Humanities “ courses)**

6
 29

Sophomore YearSem. Hrs.
ECO 2013, 2023 Principles of Economics I and II * 16
AMH 2010 or 2020 American History3
AMH 2091 Introduction to African American History or
AFA 3104 African-American Experience

3
MAC 2233/MAC 2311 Business Calculus/Calculus I3/4
STA 2023 Introduction to Probability and Statistics I or QMB 3600 Quantitative Methods for Business Decisions I3
SYG 2000 or SYG 3010 Introduction to Sociology or Social Problems
Social Science Elective
(or one non-history course from approved Social Science course list)


3
ACG 2021Financial Accounting Principles3
ACG 2071 Managerial Accounting Principles3
ECO 3921 Professional Development2
 29/30

Junior YearSem. Hrs.
ECO 3101, 3203 Microeconomics, Macroeconomics6
ECO 4223 Money and Banking3
ECO 4303 History of Economic Thought3
ECO 3932 Economics of Managerial Finance or FIN 3403 Corporate Finance *23
CGS 2060C Computer Literacy (or other approved computer course)3
ECP 3203 Labor Economics3
ECO 4504 Public Finance3
ECP 4143 Black Economic Development3
ECO 4943 Internship Economics4
 31

Senior YearSem. Hrs.
ECO 4704 International Trade *33
ECP 4703 Managerial Economics *33
MAR 3023 Principles of Marketing3
BUL 4130 Legal Environment of Business3
ECO 3421 Econometrics *43
ECO 4713 International Finance *33
ECO 4401 Mathematical Economics *53
ECP 4403 Economics of  Industrial Organization3
ECS 4013 Economics of Less Developed Countries3
ECO 4253 Monetary and Fiscal Policy *23
 30
TOTAL120

All classes applied toward graduation must be passed with a grade of “C” or better. See your advisor for approved course sequences in: mathematics, social science, humanities, statistics, and computers.

Prerequisites:
*1. ECO 2013 and ECO 2023 must be completed prior to taking any other Economics courses.
*2. ACG 2021, ACG 2071, ECO 2013, and ECO 2023 must be completed prior to taking FIN 3403, ECO 3932 or ECO 4253.
*3. ECO 3101 and ECO 3203 must be completed prior to taking ECO 4704, ECO 4713 and ECP 4703.       
*4. STA 2023 must be completed prior to taking ECO 3421.
*5. MAC 2311 and ECO 2023 must be completed prior to taking ECO 4401.

**Approved list of “Topical Humanities” courses can be obtained from the Office of Student Services, 302 East Sybil Mobley Complex.

MAJORS ARE REQUIRED TO HAVE A MINIMUM OVER-ALL GRADE POINT AVERAGE OF 3.00 TO REGISTER FOR AN ACADEMIC OVERLOAD (more than 18 hours). PERMISSION MUST BE OBTAINED FROM CHAIRPERSON AND DEAN BEFORE REGISTERING. NON-COMPLIANCE WILL RESULT IN STUDENT BEING ADMINISTRATIVELY WITHDRAWN FROM CLASSES(ES).


ECO 2013 Principles of Economics (3) Prereq: must be satisfied prior to taking any other Economics course. Operation of the economy with emphasis on national income analysis, banking system, monetary and fiscal policy.
ECO 2023 Principles of Economics II (3) Prereq:  ECO 2013.  Operation of the economy with emphasis on price and output determination, market organization, and contemporary economic problems.
ECO 3040 Consumer Economics (3)  Analysis of consumer problems designed to help people become more informed, rational and effective in the marketplace.
ECO 3041 Economics of Consumer Credit (3) Teach students efficient management of money and how such management is linked to wealth creation and credit worthiness.
ECO 3101 Microeconomic Theory (3) Prereq:  ECO 2023.  Microeconomic framework of economy, supply, demand, price, output, resource allocation, and policy issue.
ECO 3203 Macroeconomic Theory (3) Prereq:  ECO 2013.  Macroeconomic framework of economy, prices, output, employment and public policy.
ECO 3421 Introduction to Econometrics (3) Prereq: ECO 2023, STA 2023 or QMB 3600.  Econometric model building for business and economic measurement and forecasting.
ECO 3921 Professional Development
  (2) Skills developed  to demonstrate mastery of leadership and interpersonal skills that will assist in obtaining either permanent employment or graduate education.
ECO 3932 Economics of Managerial Finance  (3)  Prereq: ECO 2023, ACG 2021 and ACG 2071 A study of the economic implications and analysis of investments and financing of corporations.
ECO 4223 Money and Banking (3) Prereq:  ECO 2023 and ECO 2013.  General monetary principles and problems including history of the U.S. system, Federal Reserve system, and monetary theory and policy.
ECO 4253 Monetary and Fiscal Policy (3) Prereq:  ECO 2023, ECO 2013, ACG 2021 and ACG 2071.  Use of federal budget and central bank to influence growth and stabilization of American economy.
ECO 4303 History of Economic Thought (3) Prereq:  ECO 2013, ECO 2023.  A study of the origin and development of economic theories and ideas.
ECO 4401 Mathematical Economics (3) Prereq:  ECO 2023, MAC 2311.  Mathematical foundations of economic theory.
ECO 4504 Public Finance (3) Prereq:  ECO 2023.  Economic principles of government spending, taxation, borrowing and debt management.
ECO 4703 International Economics (3) Prereq:  ECO 2023 and ECO 2013.  Economic aspects of international relations, balance of payments, tariffs, exchange rates, and organizations.
ECO 4704 International Trade  (3) Prereq:  ECO 2013, ECO 2023, ECO 3203, ECO 3101.  Study of trade theory, commercial policy and international trade institutions.
ECO 4713 International Finance  (3) Prereq:  ECO 2013, ECO 2023, ECO 3101, and ECO 3203. Study of theory and practice of international finance and investment. The economic basis and motivation for international mobility of capital and investment are emphasized.
ECO 4905 Directed Individual Study (1-6) Prereq:  Permission of instructor and department chairperson.  Independent research in economics by senior students with appropriate supervision.
ECO 4910 Senior Thesis (3) Prereq: ECO 2023, ECO 3101, ECO 3421, STA 2023. Research oriented course designed to teach elementary research methods in economics. Data presentation and analysis are emphasized.
ECO 4921 Senior Seminar Professional Development I (1) Prereq: ECO 3921  Study of advanced presentation skills using computer technology. Includes topics addressing the transition from campus to the workplace.
ECO 4943 Internship Economics (4) Prereq: Permission of internship coordinator and department chairperson. Practical application of course work in a government, business, or financial institution.  Normally requires a full-time affiliation with the sponsoring agency for a minimum of 12 weeks.
ECP 3142 Employee and Personnel Law (3) Study of the various employment and policies directed at the hiring and employment of employees in various types of firms.
ECP 3144 Employee and Personnel Law II
(4)  Application of techniques used by employers in complying with various employment laws.
ECP 3203 Labor Economics (3) Prereq:  ECO 3101 and ECO 3203.  Analysis of labor problems and issues.
ECP 3210 Wage and Salary Administration
(3)  A study of various wage and salary plans in both unionized and nonunionized organizations.
ECP 3214 Advanced Labor Relations (3) Prereq:  Completion of at least one labor relations course or permission of instructor.  An in-depth study of labor issues in America.
ECP 3930 Seminar in Consumer Affairs
(3) Prereq: ECO 2013, ECO 2023. Explores how the concepts of customer service and consumer affairs have been operationalized in various industries.
ECP 3932 Economics of Customer Service
(3) Prereq: ECO 2013 and ECO 2023. Study emphasizes the economics of customer service and explores the nature of quality management in the service industry.
ECP 4143 Black Economic Development
(3) Prereq:  ECO 2013, ECO 2023.  Nature and extent of problems faced by blacks.
ECP 4147 Organized Labor and the Black Worker (3) Prereq:  ECP 4213 or permission of instructor.  The black worker in the United States and his role in organized labor.
ECP 4204 Wage Theory (3) Prereq:  ECO 3103.  Economics analysis of the wage determination process.
ECP 4211 Occupational Safety and Health (3)  An analysis of the Occupational Safety Health Act, its applications and implications.
ECP 4212 Workmen's Compensation Law (3)  A study of the practices, procedures, and law governing workmen's compensation.
ECP 4213 Labor Relations and Problems (3)  Labor relations issues and problems in modern society from both management and employees perspectives.
ECP 4222 Human Resource Management (3)  Allocation and development of human resources.
ECP 4230 Labor Law I (3) Prereq:  ECO 4213 or permission of the instructor.  An in-depth study of labor law and legislation and their effect on collective bargaining.
ECP 4231 Labor Law II Prereq:  ECO 4213 and ECP 4230. (3)  A study of labor law and legislation affecting public sector bargaining.
ECP 4232 Collective Bargaining (4) Prereq:  ECP 4213 or permission of instructor.  An analysis of the theory and practice of collective bargaining in the private and public sectors.
ECP 4233 Seminar in Collective Bargaining (3) An analysis of the theory and practice of collective bargaining in the private and public sectors.
ECP 4234 Public Sector Collective Bargaining (3) Prereq: ECP 4213 or permission of the instructor.  Study of collective bargaining issues and techniques in the public sector.
ECP 4241 Workshop in Arbitration (3) Practices and procedures of arbitration.  Techniques of preparation and presentation of arbitration cases with emphasis on how arbitrators view specific issues.
ECP 4242 Conflict Resolution (3) Prereq:  ECP 4232 or 4233 or permission of instructor.  An exploration of the various dispute resolution methodologies used by individuals and groups.
ECP 4243 Grievance Handling
(3) A study of how management and unions resolve the grievances of employees.
ECP 4403 Economics of Industrial Organization (3) Prereq:  ECO 2023 and ECO 2013.  Theory of market organization and efficiency of resource allocation and issues of anti-trust legislation.
ECP 4453 Seminar in Economic Consumer Law and Legal Research (3) Study of the research and applications of the various consumer protection legislation at the federal, state and local level.
ECP 4703 Managerial Economics (3) Prereq:  ECO 3101 and ECO 3203.  Study of decision and policy making under conditions of certainty, risk and uncertainty.
ECP 4931 Seminar in Retail Management
(3) Prereq: ECO 2023. Study exploring the general nature of retailing management and their proceeds to explain retailing methods in specific industries and the accompanying economics of that industry.
ECS 4003 Comparative Economic Systems (3) Prereq:  ECO 2013 and ECO 2023.  Comparative analysis of capitalism, socialism, communism, and fascism.
ECS 4013 Economics of Less Developed Economies (3) Prereq:  ECO  2013 and ECO 2023.  Economic problems of emerging nations.