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Economics (SECO) Courses

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.

ECON 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: MATH 120 or 121 or 126.

ECON 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: MATH 120 or 121 or 126.

ECON 291. Probability and Statistics (3)
Concepts of probability, probability distributions, and sampling theory. Prerequisite: MATH 121.

 ECON 292. Statistical Inference (3)
Methods of statistical inference, including additional topics in hypothesis testing, linear statistical models, and time series analysis. Prerequisite: MATH 122 and ECON 291.

Note: Students seeking a degree in business must be admitted to the Professional Program (Upper Division) before enrolling in 300-level and above business administration and economics courses. Students not majoring in business must have 54 credit hours earned to take 300-level and above business administration and economics courses. Additional prerequisites are included in individual course descriptions. Students not majoring in business can enroll in no more than 29 semester hours of Johnson College of Business and Economics courses, excluding ECON 221, 222, 291, and 292.

ECON 301. Money and 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. Prerequisites: 54 credit hours earned, SECO 221, and FINA 363.

 ECON 303. International Economics (3)
Survey of international economic issues and institutions, including trade and protectionism, global and regional trade agreements, trade balances and exchange rates. Prerequisites: 54 credit hours earned, ECON 221 and 222.

ECON 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: 54 credit hours earned, ECON 221 and 222.

ECON 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. Prerequisites: 54 credit hours earned and ECON 221.

ECON 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: 54 credit hours earned, ECON 222 and 292 or equivalent.

ECON 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: 54 credit hours earned, ECON 221 and 22.

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an, Professor of Management
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