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| Degrees/Courses |
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| Major Requirements |
| A minimum of twenty-five (25) semester hours in economics (including
ES213, 214, 403, 404, 492, 498, and 499), MS151 (or higher-level statistics
course), and either AG210 or 212. CS180 is highly recommended. |
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| Students preparing for graduate work in economics or in business (MBA)
should take statistics at the level of MS252 or higher (e.g., MS493, 494)
and at least one semester of calculus. Additional calculus and work in linear
algebra is highly recommended. |
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| Students preparing for graduate studies in law, theology, public policy, urban
planning, and other areas should consult with the department chair about
appropriate supporting course work. |
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| Students preparing to enter the job market on graduation should consider
additional work in areas such as finance, CIS, accounting, marketing, communications,
and applied mathematics. |
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| Minor Requirements |
| Twenty-one (21) semester hours in economics, including 213-214 and at
least one from 403-404.
ES213and ES214 may be taken in either order. |
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| Courses |
| ES185 Capitalism and Socialism:The Economies of the World (3) BE |
| ntroduces the various economic systems in our world, looking at how they
coordinate economic activity and how well they contribute to human welfare.
Also examines the interactions and relations among the world’s economies. Not
open to students with more than 6 hours in economics. |
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| ES213 Macroeconomic Principles (3) BE |
| Introduction to the economic problem and the study of economics; basics of supply
and demand; introduction to concepts and models used to understand the
business cycle (fluctuations in national income and employment) and inflation;
basics of international finance. |
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| ES214 Microeconomic Principles (3) BE |
| Introduction to the economic problem and the study of economics; basics of
supply and demand; introduction to concepts and models used to understand
the economic behavior of households and firms, economic outcomes under
various market structures, market failures, and international trade. |
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| ES/BS301 Money and Banking (3) |
| A study of financial institutions and markets and of monetary theory.
Prerequisite: ES213. |
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| ES/BS313 International Business (3) BE |
| An introduction to international business theory and practice. The balance of
trade, balance of payments, international business strategy options, and the
various modes of conducting international trade are included. |
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| ES317 Japanese Economic History |
| A survey of the important economic and non-economic forces that contributed
to the so-called Japanese economic miracle and the recent difficulties of the
Japanese economy.
Prerequisite: One course in economics or junior or senior standing. |
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| ES342 International Trade Theory (3) |
| A study of fundamental principles of international economic relations. Subjects
covered include the economic basis for international specialization and trade,
the economic gains from trade, trade policies, economic blocs, and the international
financial system.
Prerequisite: ES213, 214. |
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| ES/BS352 Labor/Management Relations (3) |
| Reviews the historical development of Labor and Management Relations in the
United States. Explores the key aspects of today’s management/labor/government
interactions. Highlights the collective bargaining process through simulation.
Prerequisite: ES213. |
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| ES/PS376 Public Sector Economics (3) |
| Study of government expenditure and tax programs, including institutional description
and economic analysis; cost-benefit analysis; efficiency and equity
questions. |
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| ES398 Readings in Economics (Variable) |
| Individually negotiated project of defined nature established by contract between
instructor and student. Contracts filed with Registrar.
Prerequisite: Approval of the chairperson. |
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| ES403 Intermediate Macroeconomics (3) |
| Study of the theoretical models used to understand business cycles and inflation
and to evaluate fiscal and monetary policy.
Prerequisite: ES213, 214. |
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| ES404 Intermediate Microeconomics (3) |
| Study of the theoretical models used to understand the economic behavior of
households and firms, the outcomes to be expected under different market
structures, and market failures; introduction to ways of assessing the efficiency
and justice of market systems.
Prerequisite: ES213, 214. |
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| ES435 Development Economics (3) |
| A study of economic development from primitive agricultural economies to modern
manufacturing and post-industrial economies. Subjects include the many
economic changes that accompany economic growth and why economic growth
does or does not occur.
Prerequisite: One course in economics. |
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| ES492 History of Economic Ideas (3) |
Analysis of the contributions and perspectives of major economic thinkers from
Adam Smith to the present.
Prerequisite: Junior status. |
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| ES498 Capstone Course in Economics A (2) |
| Serves as capstone to economics major. Introduces basics of econometrics,
explores issues in the philosophy of economics.
Prerequisite: 21 hours of economics including 403, 404, 492; MS151 or higherlevel
statistics course, or concurrent enrollment in any unfinished course. |
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| ES499 Capstone Course in Economics B (2) |
| Continuation of ES498. Provides the occasion for students to integrate their
experiences in economics through the reading and analysis of related journal
articles. Includes a career exploration/goals component.
Prerequisite: ES498. |
