Division of Business

Department of Economics

ECN 2003 Basic Economics (Three hours)
An introduction to the basic concepts of economics, including microeconomics, macroeconomics, personal finance, economic ethics, and economic history.

Offered fall semester

ECN 2043 Economies of the European Union (Three hours)
Introduction to micro- and macroeconomic issues through consideration of the Irish economy and the larger environment of the United Kingdom and the European Union. Students have the opportunity to meet leading business and trade union figures in Ireland and to visit industrial development bodies and financial and business organizations, with a view to become conversant in economic theories and their application to decision-making in private and public sector organizations.*
*May substitute for ECN 2003 in the Core Curriculum.
Offered summer, Irish Studies Program

ECN 2093H Honors: Basic Economics (Three hours)
A study of the market economy and the government's role in maintaining economic stability. Designed to equip the student with an information base needed for effective stewardship and for working within the political process to promote economic progress. Extensive use of individual, team, and class projects. Prerequisite: admission to the Honors Program or permission of the Honors Committee

Offered spring semester (odd-numbered years)

 

ECN 2113 Principles of Microeconomics (Three hours)
A study of markets and how supply and demand interact to direct the allocation of resources and final goods and services. Related topics include market structure, the role of competition, and the shortcomings as well as virtues of a market approach.

Offered fall semester

ECN 2123 Principles of Macroeconomics (Three hours)
A study of the market-oriented economy as a whole with emphasis on the U.S. economy. Topics include national income accounting, determination of national output and employment levels, the banking system, monetary theory and stabilization policy. Macroeconomic issues such as inflation, unemployment, public debt, economic growth, and the balance of payments are considered from various theoretical positions. Prerequisite: ECN 2113

Offered spring semester

ECN 3133 Money and Banking (Three hours)
Examines the U.S. banking system and the role it plays in providing for efficient exchange in the marketplace. Emphasizes the roles of commercial banks, the Federal Reserve, and the U.S. Treasury in determining interest rates and the general well being of the U.S. financial network. Includes a review of monetary policy as a basis for policies to achieve the national economic goals of price stability, full employment, and a balance of international payments.
Prerequisite: ECN 2123

Offered spring semester

ECN 3203 Economic Development (Three hours)
Study of processes and strategies of economic development with an emphasis on developing countries. Application of economic theories leading to an understanding of development policies.
Prerequisite: ECN 2123

Offered fall semester (odd-numbered years)

ECN 3213 Managerial Economics (Three hours)
Application of microeconomic theory and analysis to business and administrative problems with an emphasis on sound, ethical decision-making. Topics include demand analysis, production and cost analysis, market structures and pricing practices, regulation, risk, and capital budgeting.
Prerequisites: ECN 2123, MTH 1113

Offered fall semester (even-numbered years)

ECN 3233 Comparative Systems (Three hours)
A study of the contrast between the extremes of command versus market-driven economies. Comparisons will be drawn from theological as well as ideological and theoretical perspectives. Selected real-world economic systems are analyzed.
Prerequisite: ECN 2123

Offered spring semester (even-numbered years)

ECN 4103 International Economics (Three hours)
A study of the economic foundation on which the global economy rests, with an emphasis on the role of the U.S. economy. The course covers trade theory, trade restrictions, monetary systems, exchange rates, and the effect of domestic policies on global trade patterns. Also addressed are trade issues such as trade deficits, job displacement, economic sanctions, emerging nations, environmental concerns, immigration, and currency crises.
Prerequisite: ECN 2123

Offered fall semester

ECN 4131, 4132, 4133 Selected Topics (One to three hours)
A study of subjects of special interest. May be offered as independent study under faculty supervision.
Prerequisite: junior standing and consent of instructor

Offered upon sufficient request and instructor approval

ECN 4993 Senior Research Project (Three hours)
Individual, intensive study and presentation an approved topic. This project is integrative in nature and is to be completed during the student’s final year of study.
Prerequisites: senior standing and consent of instructor

Offered spring semester