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Business Administration and Economics

Economics (SECO) Courses
221. Principles of Macroeconomics(3) Causes and effects of changes in economic aggregates, including gross domestic product, personal income, unemployment, and inflation. The role of economics in contemporary society and the effect of monetary and fiscal policy on the functioning of a free market system are explored. Prerequisite: SMTH 120 or 121 or 126. Fall, Spring, Summer.
222. Principles of Microeconomics(3) Consumer demand, supply, and price in a free-market system. The economics of the firm is presented within the context of different market structures. Prerequisite: SMTH 120 or 121 or 126. Fall, Spring, Summer.
291. Probability and Statistics(3) Concepts of probability, probability distributions, and sampling theory. Prerequisite: SMTH 121. Fall, Spring, Summer.
292. Statistical Inference(3) Methods of statistical inference, including additional topics in hypothesis testing, linear statistical models, and time series analysis. Prerequisite: SMTH 122 and SECO 291. Fall, Spring, Summer.
301. Commercial and Central Banking(3) History, structure, functions and operations of the American commercial and central banking system. Emphasis is placed on the influence and operations of the Federal Reserve System. Prerequisite: SECO 221. Spring.
303. International Economics(3) Theory of international specialization and exchange, impact of international transactions on national income, and introduction to the network, composition and sources of world trade. Prerequisites: SECO 221 and 222. Fall.
311. Issues in Economics(3) Nature and causes of major economic problems facing the nation and its communities and policy alternatives designed to solve them, including the philosophy and methodology of economics in social problem solving. Prerequisites: SECO 221 and 222. Fall.
321. Intermediate Microeconomic Theory(3) The operation of the price system and its role in understanding the behavior of individual economic units, specifically consumers, producers, and suppliers of resources. Prerequisite: SECO 222. Fall.
322. Intermediate Macroeconomic Theory(3) Classical, Keynesian, and post-Keynesian models. These models provide a framework for monetary and fiscal policy prescriptions to economic problems. Prerequisite: SECO 221. Spring.
326. Managerial Economics(3) Application of the economic theory of profits, competition, demand, and costs to the analysis of problems arising in the firm and in decision making. Price policies, forecasting, and investment decisions are among the topics considered. Prerequisites: SECO 222 and 292 or equivalent. Spring.
499. Topics in Economics(3) Selected topics in economics. Topics vary depending on available staff and interests of students. This course may be repeated for credit. Prerequisites: SECO 221 and 222.

Note: Junior standing (60 semester hours earned) is a prerequisite for all 300 level or above business administration and economics courses. Additional prerequisites are included in individual course descriptions.