Economics Course Description(s)
ECON1010 Personal Finance (3)
An introduction to decision making in personal economics. Emphasis will be placed on the financial choices faced by individuals in the build-up and management of net worth. Topics covered include education and experience, earning and spending, savings and debt, taxes and inflation, insurance, investments, and contracts.
ECON1050 Analysis of Economic Issues (3)
Introduction to the theory of supply and demand, and application of this theory to economic issues such as social security, crime, medical care, poverty, higher education, economic systems, pollution, big business, free trade, the U.S. national debt, and economic growth. Prerequisites: ACT mathematics score of 20 or better; or, a college level mathematics course, or instructor's approval.
ECON2410 Principles of Microeconomics (3)
A study and application of microeconomic analysis; includes supply, demand, pricing, consumer choice, and international concerns.
ECON2420 Principles of Macroeconomics (3)
A study and application of macroeconomic analysis; includes gross national product, national income, consumption, investment, inflation, economic growth and development, and international applications. Prerequisites: ECON2410, ACT mathematics score of 20 or better; or, a college level mathematics course, or instructor's approval.
ECON3010 Personal Finance and Stewardship (3)
A study and application of the planning and organizing of personal finances. Class will explore how students manage and address the challenges of becoming good stewards of their gifts, talents, time and resources. Topics covered include education and experience, earning and spending, savings and debt, giving and tithing, taxes and insurance, and social responsiveness.
ECON3094 Special Topics in Economics (1-3)
An examination of various economic questions and theories not covered in other economic courses. Topics include: financial economics, game theory, health economics, labor economics, environmental economics, public finance and the history of economic thought. May be repeated for credit. Prerequisites: Instructor's approval
ECON3150 Managerial Economics (3)
An application of tools of microeconomics and how they relate to managerial decision making. Includes study of the internal and external economic environments of firms for managerial decision making. Topics include supply and demand, quantitative demand, analysis, production and costs, market structures, game theory, pricing strategies, organization of firms, and social perspectives on managerial decision making. Offered: Alternate years Prerequisites: ECON2410, or instructor's approval.
ECON3510 Money and Financial Institutions (3)
A study of monetary economics, including fluctuations of money, determinants on money supply and demand, study of financial institutions, determinants of interest rates, principles and practice of banking and financial intermediaries, formation of monetary policy, the Federal Reserve System, and international monetary forces. Offered: Alternate years Prerequisites: ECON2420, or instructor's approval.
ECON3770 Saving and Investing (3)
An introduction to the economics of lifetime saving and investing decisions. Includes introduction to financial institutions involved in saving and investing, operation and properties of stock, bond, and real estate markets, role of tax laws and practices in life time saving and consumption decisions, time value of money principles, saving to achieve personal goals, rate of return and risks of alternative investments in the context of principles of Christian stewardship. Offered: Alternate years. Prerequisites: ECON2410, ECON2420, or instructor's approval.
ECON4050 Global Economics (3)
A survey of the theory and practice of international trade and finance around the world. Includes examination of the problems of developed and less developed countries in the world economy. Other topics include globalization, international comparison of standards of living, theories of international exchange, currency markets, balances of international payments, trade policies, transitions from socialism, international economic institutions, regional economic integration and international economic crisis. Offered: Alternate years. Prerequisites: ECON2420, or instructor's approval.