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. Principles of Economics I -
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 Economics II -
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
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.
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
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.