Economics

Courses

ECON1010: Personal Finance

Credits 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

Credits 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.

ECON2010: Principles of Economics

Credits 3
An introduction to the basic economic principles that are used to understand the process of decision-making by individuals and business organizations. Students will study production, distribution, exchange and consumption at both the micro and macro-level.

ECON2420: Principles of Macroeconomics

Credits 3
A study and application of macroeconomic analysis; includes gross national product, national income, consumption, investment, inflation, economic growth and development, and international applications.

ECON3010: Personal Finance and Stewardship

Credits 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.

ECON3020: Intermediate Economics

Credits 3

A study and application of both micro and macro-economic theory to the process of decision-making by individuals and business organizations. Topics include pricing theory, consumer choice, market structures, business cycles, inflation, economic growth and development, and international applications.

Prerequisites

ECON2010, or instructor's approval.

ECON3094: Special Topics in Economics

Credits 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

Credits 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.
Prerequisites
ECON2010, or instructor's approval.

ECON3310: Principles of Free Enterprise

Credits 3

A study of economies based on voluntary exchange or free markets. Students will examine the relationship between liberty and economic activity, and the theories of how freedom of choice raises the standard of living in a society. The course includes a comparative study of alternative systems of economic organization.

Prerequisite Courses
ECON2010
Prerequisites

Prerequisite course or Instructor's approval

ECON3510: Money and Financial Institutions

Credits 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.
Prerequisites
ECON2010, or instructor's approval.

ECON3770: Saving and Investing

Credits 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.
Prerequisites
ECON2010, or instructor's approval.

ECON4050: Global Economics

Credits 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.
Prerequisites
ECON2010, or instructor's approval.