Economics Minor Course Descriptions
ECO 201 Microeconomics (4 credits)
Students study the foundation of the economic and business world. Students explore what is behind choices made by individuals as consumers, producers, employees, voters, husbands and wives, fathers and mothers, etc., learning how individuals allocate their resources across the choices they face. This leads to the basic models of demand and supply in the market, the primary focus of the course. We also study how alternative market institutions influence choices made and economic efficiency. International and environmental dimensions and consequences of choices are integrated throughout the course.
Triad: Social Science.
ECO 210 Macroeconomics (4 credits)
Students learn the basic concepts underlying the performance and management of the economy, focusing on how the economic system works; how it fails, causing inflation and unemployment, and how the government intervenes to stabilize the system. Concepts concerning consumer consumption, investment, aggregate demand and supply, equilibrium, fiscal and monetary policy, and the financial system are covered. International and environmental dimensions of the macro economy are integrated throughout the course.
Triad: Social Science
Prerequisite: ECO 201 Microeconomics
MAT 141 Statistics (4 credits)
The course teaches how to analyze data, design and carry out statistical studies, and understand/evaluate statistical studies in students' own fields of interest. Topics include graphical displays of data, probability distributions, correlation/regression, experimental design, and statistical inference. Statistical calculators and computer software are introduced and used extensively.
Triad: Mathematics.
Prerequisite: Two years of high school algebra.
Plus sixteen (16) hours of additional economics electives, as approved by the student's advisor and the Department Chair. Minimum of 28 hours.