ECO ECONOMICS (Campbell School of Business)

A word about prerequisites: Most business and economics studies are profitably undertaken by students with firm grounding in liberal arts, general education (including some mathematics) and prior business courses, so many Campbell School courses have specific course or level (e.g., JS or SS) prerequisites.

110. Markets and Society - 3-0-3 Analysis of how markets determine prices and the role of the price system in society. Introduction of the factors that determine macroeconomic activity and growth. Discussion of the American financial system and international trade. Consistent with the placement in the College's general education curriculum, this course emphasizes economic literacy for understanding historical and current events.

210. Principles of Managerial Economics - 3-0-3 Analyzes the behavior of households and business firms and of markets' role in directing and integrating that behavior. Takes into account market structure and government policies relative to markets. Analyzes the allocation of scarce resources among competing uses and across time. Discussion of entrepreneurs' role in society. Analyzes international trade and trade policy options. PR: ECO 110.

300. Economics Colloquium - 1-0-1 Examination of a specific topic or issue. Examples include prominent public policy debates or the work of a prominent economist such as Adam Smith. May be repeated twice with permission of the economics department chair. PR: ECO 110 with a grade of B- or better or CI.

310. History of Economic Thought – 3-0-3 Examination of economic thought from the classics to the present. Explores the way in which historical events have affected the evolution of economics, the connections between economics and other academic disciplines, and the influence of economists on society. Also includes an introduction to research and literature analysis in economics.

315 I. Economic History of the United States - 3-0-3 Economic development of the United States from the colonial era. Addresses banking, transportation, government policies and immigration. Special emphasis on the economic history of the South. PR: ECO 210.

320 - Sports Economics - 3-0-3  Economic analysis of professional and amateur sports. Topics examined include the structure of sports leagues, fan demand, labor relations and player valuation, tournament incentives, the economic impact of events and facilities, and college athletics. Includes a student research component.  PR: ECO 210 and MAT 111.

330 I. Public Economics - 3-0-3 Analysis of effects of government spending and taxing policies on the market system at both the microeconomic and macroeconomic levels. Focus on total expenditures and on selected expenditures programs. Analysis of the impacts of taxation and introduction of different types of tax instruments; consideration of issues related to government debt. PR: ECO 210, MAT 111 or 311, and JS.

331. Financial Markets, Institutions and Money - 3-0-3 (See also FIN 331.) Examination of the working of financial markets and institutions and their role in the macroeconomic system. Application of corporate financial and investment skills to the management of a financial institution, such as a commercial bank or savings and loan association. PR: ACC 201 and ECO 210.

335. Risk and Insurance – 3-0-3 An examination of behavioral responses to risk, the practice of risk management, and the operation of the insurance industry. PR: ECO 210 and (JS or SS).

350 I. Economic Development - 3-0-3 An introduction to the economic characteristics and problems facing low-income nations and to the theories applicable to economic growth of these nations. Special emphasis on the efficacy of public policies in promoting economic development. PR: ECO 210.

360. Economic Analysis of Law - 3-0-3 Analyzes substantive and procedural legal rules using neoclassical economic theory. Emphasis is on the Chicago school of Posner, Coase, et al., stressing efficiency rather than equity. Topics include property rights, contracts, torts, corporations and crime and punishment. PR: ECO 210, MAT 111 or 311, and JS.

370. Environmental Economics - 3-0-3 Application of the principles of economics to the study of how environmental resources are developed and managed. Focus on how and why people make decisions that have consequences for the natural environment and how economic institutions and policies influence these decisions. PR: ECO 110 and either ECO 210 or EVS 104.

380. Health Economics- 3-0-3 Application of economic tools to the analysis of problems and public policy in health care. Examination of the production, costs, and technology associated with health and health care. Analysis of consumer choice and the demand for health insurance, asymmetric information and physician supply, and the organization of the health care markets. PR ECO 210.

401. Microeconomics - 3-0-3 Analysis of decision making within households and firms. Derivation and analysis of the behavior of markets, both for goods and services and for resources. Focus on conditions for economic efficiency and relevant public policy issues. Use of quantitative techniques to improve analytical skills. PR: ECO 210; MAT 145 or 201; 3 hours of ECO or FIN at or above the 301 level; JS.

402. Macroeconomics - 3-0-3 Analysis of the major models of macroeconomic performance in determining aggregate income, employment, and the price level. Consideration of the role and limitation of fiscal and monetary policy. Introduction of international trade and balance of payments. Discussion of grown models. PR: ECO 210; MAT 145 or 201; 3 hours of ECO or FIN at or above the 301 level; JS.

420. Econometrics - 3-0-3 Analysis of methods of developing quantitative estimates of economic relationships and emphasis on how such estimates aid decision making. Emphasis on potential problems in estimation and possible methods of dealing with such problems. PR: ECO 210; MAT 111 or 311; 3 hours of ECO at or above the 301 level; JS.

440. International Economics and Finance - 3-0-3 (See FIN 440.) Analysis of international trade and finance. Examination of trade theories, balance of payments, and exchange rate. Movements and international capital mobility. Discussion of effects of exchange rate movements on multinational enterprises. Demonstration of the effects of tariffs and quotas. PR: ECO 210 and JS.

490. Topics in Economics - 3-0-3 Intensive examination of the issues related to a specific topic in economics such as the environment, regulation, economic development or urbanization. PR: ECO 210, JS, and CI.

496. Academic Internship - 3 hours Student will work in a professional setting under a faculty member who provides guidance and works with the student and on-site work supervisor to integrate work experiences and the student's educational and professional goals. Development of a learning contract. PR: ECO 210; see general requirements for academic internships in this catalog; CI.

498. Directed Study (Economics) - 3-0-3 Advanced individual research in economics. PR: JS and approval of school dean.