Economics majors must also complete a department approved mathematics course (MATH 010 College Algebra, MATH 050 Pre-Calculus, MATH 060 Calculus for Management, Biological, and Social Sciences, or MATH 105 Calculus I). A department-approved supporting program with a minimum of 12 hours outside the economics major is required. MATH 060 Calculus for Management, Biological, and Social Sciences or MATH 105 Calculus I is strongly recommended for students considering graduate school.
ACCT 031 Principles of Accounting I (3 hours)
This is an introduction to the basic accounting model and the framework for developing financial statements. The major focus is on the study of generally accepted accounting principles as they apply to the measurement of income and the presentation of a firm's financial position.
(Normally offered each semester.)
ACCT 032 Principles of Accounting II (3 hours)
The role of accounting in the formation and capitalization of corporations is studied. Other topics include cash flow, analysis and interpretation of financial statements, and basic managerial accounting.
Prerequisite(s): Grade of "C-" or better in ACCT 031 Principles of Accounting I.
(Normally offered each semester.)
ECON 053 Macroeconomic Principles (3 hours)
An examination of the macroeconomic theories, problems, and policies of the U.S. economy. Topics include supply and demand, a description of the main sectors of the economy, and the role of government in stabilizing the economy with monetary and fiscal policies.
(Normally offered each semester.)
ECON 054 Microeconomic Principles (3 hours)
An examination of the microeconomic theories, problems, and policies of the U.S. economy. Topics include the theory of the firm, market structures, and current economic issues such as income distribution, antitrust policy, poverty, the farm problem, and international trade.
Prerequisite(s): ECON 053 Macroeconomic Principles strongly recommended.
(Normally offered each semester.)
BUSAD 109 Spreadsheet Applications (1 hours)
This course is an introduction to spreadsheet applications for business, economics, and accounting. Emphasis will be placed on spreadsheet basics such as creating, organizing, and linking worksheets; editing and formatting cells; entering data; creating simple formulas; using simple functions (e.g., average, sum, fill, etc.); and, with the Excel Chart Wizard, creating basic graphs. Students will gain a fundamental understanding of spreadsheets and their functionality as preparation for business, economics, and accounting courses.
No Pass/Fail.
Prerequisite(s): Departmental major or minor.
(Normally offered each semester.)
BUSAD 110 Business and Economic Statistics (3 hours)
An introduction to descriptive and inferential statistics. Topics include gathering, organizing, interpreting, and presenting data with emphasis on hypothesis testing as a method for decision making in the fields of business and economics. Procedures include z-tests, t-tests, ANOVAs, correlation, and simple regression.
Prerequisite(s): Demonstrated proficiency in high school algebra or permission of the instructor.
Corequisite(s): BUSAD 109 Spreadsheet Applications.
(Normally offered each semester.)
ECON 110 Business and Economic Statistics (3 hours)
An introduction to descriptive and inferential statistics. Topics include the gathering, organizing, interpreting, and presenting of data with emphasis on hypothesis testing as a method for decision making in the fields of business and economics. Procedures examined include z-tests, t-tests, ANOVAs, correlation, and simple regression.
Prerequisite(s): Demonstrated proficiency in high school algebra or permission of the instructor.
Corequisite(s): BUSAD 109 Spreadsheet Applications.
(Normally offered each semester.)
BUSAD 201 Quantitative Methods (3 hours)
This course will review modern quantitative methods used in decision making. The intent is to expose the student to various modeling techniques and to apply these techniques using Excel. Topics include linear programming, regression analysis, goal programming, and simulation models.
Prerequisite(s): Grade of "C-" or better in BUSAD 110 Business and Economic Statistics and MATH 010 College Algebra or higher.
(Normally offered each semester.)
ECON 102 Money and Banking (3 hours)
A study of the nature and function of money, monetary theory and policy, and financial institutions; and a survey of the historical developments that have affected the U.S. monetary system.
Prerequisite(s): Grade of "C-" or better in ECON 053 Macroeconomic Principles.
BUSAD 204 Financial Management (3 hours)
Students are introduced to financial management of proprietorships, partnerships, and corporations. Concepts of risk and return, time value of money, and stock and bond valuation are analyzed from a quantitative approach and applied throughout the course. Additional topics covered are the cost of capital as related to discounted cash flow, capital budgeting, and strategic financing decisions. A project consisting of several spreadsheet applications will be utilized in order to expose students to their potential for financial analysis. Topics covered include: basic financial statements, financial ratio analysis, time value of money, valuation and rates of return, the cost of capital, and capital budgeting.
Prerequisite(s): Junior standing and grades of "C-" or better in ECON 053 Macroeconomic Principles, ACCT 032 Principles of Accounting II, and MATH 010 College Algebra or higher, or permission of the instructor.
(Normally offered each semester.)
ECON 155 Microeconomic Theory (3 hours)
A study of the mechanisms by which resources are allocated in a market economy, the effects of imperfect competition upon resource allocation, and the pricing and employment of inputs.
Prerequisite(s): Grade of "C-" or better in ECON 054 Microeconomic Principles.
(Normally offered each fall semester.)
ECON 156 Macroeconomic Theory (3 hours)
A study of the concepts and measurement of national income, including an analysis of the forces determining the level of national income and employment, the price level, and the rate of economic growth.
Prerequisite(s): Grade of "C-" or better in ECON 053 Macroeconomic Principles.
(Normally offered each spring semester.)
ECON 257 International Trade (3 hours)
A study of the theory of international trade, commercial policy, international monetary affairs, and institutions for international economic stability and development.
Prerequisite(s): Junior standing and grade of "C-" or better in ECON 054 Microeconomic Principles or permission of the instructor.
ECON 261 Economic Viewpoints (3 hours)
An analysis of the various economic philosophies that have arisen from Western European and North American experiences. The senior comprehensive requirement may be met in this course by completion of a thesis satisfying departmental guidelines.
Prerequisite(s): Grade of "C-" or better in ECON 054 Microeconomic Principles or permission of the instructor.
ECON 295 Independent Study (1-3 hours)
This is a research course. The student initially meets with the department chair to select a study topic and review research methods. At this time the student will be assigned a faculty resource person to guide his or her work and assist in an advisory capacity. A copy of the student's work is filed in the archives of the department. Independent study may not duplicate courses described in the catalog.
Prerequisite(s): Senior standing or permission of the department chair.
ECON 297 Economics Internship (3 hours)
Each student must work with the department intern coordinator to obtain an economics-related internship. This course gives opportunity for practical application of theoretical principles learned in the classroom. Under special circumstances, a second internship may be taken for credit with the approval of the business department chair and the internship coordinator.
Pass/Fail only.
Prerequisite(s): Junior or senior standing and permission of the department internship coordinator.
(Normally offered each semester.)
MATH 010 College Algebra (3 hours)
A study of linear and quadratic equations and inequalities and their graphs; systems of equations and inequalities, algebraic exponential and logarithmic functions and their graphs. Other topics may be selected from sets, complex numbers, sequences and series, and probability.
Prerequisite(s): Appropriate placement score.
(Normally offered each semester.)
MATH 050 Pre-Calculus (4 hours)
A study of elementary functions, their graphs, and applications, including polynomial, rational, algebraic, exponential, logarithmic, trigonometric, and metric functions. Scientific calculators are required and graphing calculators are recommended.
Prerequisite(s): Appropriate placement score or grade of "C" or better in MATH 010 College Algebra.
(Normally offered each semester.)
MATH 060 Calculus for Management, Biological, and Social Sciences (4 hours)
A calculus course for non-mathematics majors. Topics include limits, continuity, differentiation, and integration with emphasis on relevant applications.
Prerequisite(s): Appropriate placement score or grade of "C" or better in MATH 010 College Algebra.
(Normally offered each fall semester.)
MATH 105 Calculus I (5 hours)
An introduction to calculus of a single variable. Topics include limits, continuity, differentiation, and beginning integration with applications. Assignments are given that help build proficiency in the use of a computer algebra system.
Prerequisite(s): Appropriate placement score or grade of "C" or better in MATH 050 Pre-Calculus.
(Normally offered each semester.)
