Economics and Finance

Course Descriptions

ECON 212 Introduction to Macroeconomics
3 credits; 3 class hours
Elementary macroeconomic analysis dealing with factors that determine the general level of prices, production, employment, income, and consumption in the economy as a whole, with special reference to the United States and other market economies. Such topics as inflation, recession, and public policies used to combat them are studied. Problems of unemployment and economic problems of the minority population will also be discussed. Pre-requisites: MTH 136 or MTH 138 and ENGL 150
ECON 213 Introduction to Microeconomics
3 credits; 3 class hours
Elementary analysis of markets, market structures, consumer demand, and market price determination. Other topics include production and cost analysis, output and price determination by firms, market failures, the of government intervention and regulations and their impact on the functioning of markets. Applications to poverty, international trade, and income distribution will be covered. Pre-requisites: ECON 212 and MTH 141
ECON 302 Urban Economics
3 credits; 3 class hours
This course will analyze the problems of the urban economy with emphasis on resource allocation, the delivery of services, and the impact of national and regional policies on housing, transportation, pollution, poverty, racism, and discrimination. Pre-requisite: ECON 213
ECON 303 Theory of Economic Development
3 credits; 3 class hours
The theory of the economic development of national economics and economic regions, implications for community (non-economic) regional development, and characteristics of capitalist and socialist development are explored. Pre-requisite: ECON 213
ECON 305 Labor Economics
3 credits; 3 class hours
An economic analysis of labor markets in theory and practice with special emphasis on the manpower problems of minorities. Topics such as minimum wage legislation, unemployment, and labor unions will be covered. Pre-requisite: ECON 213
ECON 307 Intermediate Microeconomic Analysis
3 credits; 3 class hours
This course considers in depth the determination of prices of commodities, and factors of production. The course also discusses optimal resource allocation by firms, households, and other microeconomic entities. Such topics as utility and output maximization, cost minimization, market structures and government regulations and their impact on economic decision-making are studied. Pre-requisite: ECON 213
ECON 309 Intermediate Macroeconomic Analysis
3 credits; 3 class hours
Discussions of the theories of aggregate income and employment.
Emphasis is on the analysis of fiscal and monetary policies, and their implications for the rate of growth, output, employment, and the price level. Pre-requisite: ECON 213
ECON 311 Mathematical Economics
3 credits; 3 class hours
Mathematical principles from calculus are used as the principal tool in the study of economic theory. Such topics as uni-variate and multivariate differentiation, constrained and unconstrained optimization, and integration, are applied to the study of consumer utility functions, expenditure, cost and profit functions, market supply and demand, market structures, macroeconomic equilibrium, aggregate supply and demand, monetary theory, and balance of payments. Pre-requisites: MTH 241 and ECON 213
ECON 316 Business and Economics Statistics I
3 credits; 3 class hours
An introduction to applications of the methods of statistical inference and decision theory to the analysis of problems in economics, finance, accounting, marketing, and management. Methodological emphasis will be to show how the methods of summary descriptive measures, sampling procedures, hypothesis testing, the design of experiments, and elements of decision theory are applied to concepts from business management, economics, and general administration. Pre-requisites: ECON 213 and MTH 141
ECON 330 Global Trade and Political Economy
3 credits; 3 class hours
This course interdisciplinary and focuses on the interplay between politics and economics. It will begin by discussing and explaining classical areas of international areas trade, monetary and fiscal policies, foreign direct investment (FDI) and economic development. The course will then address how domestic and international political dynamics affect trade policies both in the USA and foreign countries. Notwithstanding political resistance to free trade economies, this course will explain why countries still find trade essential. While economic theory would lead us to believe that free trade is ideal, this course will explain why there is resistance to free trade domestically and around the world. The paradox of resistance to trade and its essence will be illustrated and discussed by reference to far reaching influences of bodies and organizations that facilitate trade, such as Multinational Corporations, IMF, World Bank, the World Trade organization (WTO) and regional cooperation agreements such as NAFTA, ECOWAS, OECD, the European Union and others. The role of organized labor and industry associations and other pressure groups will be discussed in historical context. Prerequisite: SSC 101 or ECON 212
ECON 333 International Economics
3 credits; 3 class hours
Introductory course in the analysis of international resource flows, including commodities and factors of production. The topics of interest include commercial policies, tariffs, transportation, balance of payments, microeconomic implications of balance of payments, exchange rates, multinational companies, and multilateral international institutions. Pre-requisite: ECON 213
ECON 350 Money and Banking
3 credits; 3 class hours
This course covers the study of money, credit and banking in the US economy covering the impact of money on interest rates, asset prices, consumption, investment, and national income. Topics include federal instruments for controlling money and economic activity; the structure of the banking system; functions of money; the supply and demand for money; and monetary reserves. Keynesian and monetarist theories and policy recommendations are also studied. Pre-requisite: ECON 213
ECON 356 Business and Economic Statistics II
3 credits; 3 class hours
It will cover additional topics on the applications of statistical techniques in the analysis of business, economic, and other administrative kinds of decision making. Topics of interest include analysis of variance, X2 tests, quality control, extensions of simple and multiple linear regression, and their applications to decision analysis. Pre-requisite: ECON 316
ECON 370 Managerial Economics
3 credits; 3 class hours
This course will cover applications of the principles of micro economics in managerial analysis and decision making. Topics covered include the economic foundations of the firm, determination of the value of the firm, analysis and estimation of demand, cost analysis and estimation. Other topics are production functions, pricing practices and output determination in different industrial structures, cost-profit-volume analysis, optimization models, industrial regulation, and capital budgeting. Pre-requisite: ECON 213
ECON 430 War on Drugs: History, Economics & Public Policy
3 credits; 3 class hours
In this course, students will study government policies to fight illicit drugs. Specifically, the course uses the history, economics, and politics of opium and cocaine to bring interdisciplinary studies to the classroom. It will involve a comparative examination of many aspects of historic and contemporary drug policies in the U.S. and in other countries worldwide especially where usage and supply and demand are concerned. This course will cover both how culture affected the use of drugs and attitudes toward them and how it serves as key to the changing intellectual, social, economic, and political landscape worldwide. Pre-requisite: SSC 101
ECON 451 Public Finance
3 credits; 3 class hours
This course will present an analysis of the theory and practice of public finance, including taxation, revenues, and expenditures, debt management and public policies. Pre-requisite: ECON 213
ECON 455 International Finance
3 credits; 3 class hours
This course will present a study of the theories, mechanics, and institutions of international finance. The role of the International Monetary Fund, The World Bank, and The International Finance Corporation in stabilizing and financing world trade are reviewed. Pre-requisite: ECON 333 or BUS 301
ECON 474 Econometrics and Forecasting
3 credits; 3 class hours
This course studies applications of the methods of regression analysis, and time series forecasting techniques in the estimation of economic and decision-making parameters, and economic forecasting. Emphasis will be on decision making applications such as, cost estimation and forecasting of demand and supply, production functions, and macroeconomic variables. Pre-requisite: ECON 316
ECON 498 Economics Seminar
6 credits; 6 class hours
This course will cover selected topics in economic analysis. This course is designed to give students the opportunity to further explore topics or subject areas in economic analysis. Students are expected to complete applied problems, and complete simple research projects and discuss contemporary economic and business problems.
Pre-requisite: ECON 316 or ECON 474
ECON 500 Independent Study
3 credits; 3 class hours
This course provides exceptional students with an opportunity to conduct research in an area of special interest. Usually, only senior level students are admitted to this course. Pre-requisite: Permission of chairperson
FIN 250 Introduction to Business Finance
3 credits; 3 class hours
An introduction to the principles and practices of financial analysis for the management of the modern business firm. Particular emphasis is placed on the conceptual foundations of financial decision making, time value of money, analysis of financial statements, analysis of the financial needs of the firm, acquisition and management of funds, especially short term funds, and the elements of long term capital management. Pre-requisites: ACCT 217 and ECON 212
FIN 325 Corporate Finance
3 credits; 3 class hours
An intermediate course in financial analysis for the management of corporations. Emphasis will be on obtaining and managing long term capital. Topics of interest include risk analysis, discounted cash flow for capital budgeting, capital structures, and security valuation. Computer based models for financial analysis will be introduced.
Pre-requisites: FIN 250 and ECON 316
Department of Economics and Finance
FIN 343 Money and Capital Markets
3 credits; 3 class hours  
This course studies the functions of financial institutions and markets in the U.S. economy; the determination of interest rates, stock prices, bond prices; how money and capital markets facilitate the conduct of business in the free market economies. Topics include the role of depository and other financial institutions in allocating funds to households, business and government borrowers. Regulation and deregulation of financial markets, the bond markets, the stock market, commercial paper, and the role of investment bankers. Pre-requisite: FIN 325
FIN 352 Investment Analysis
3 credits; 3 class hours
A study of the investment process, including the investment markets, portfolio analysis and management, investment vehicles, and regulations. Topics of interest will include financial statement analysis, the economic environment, bond and stock valuation, mutual funds, convertibles, risk analysis, and commodity markets. Pre-requisite: FIN 325
FIN 456 Multinational Financial Management
3 credits; 3 class hours
A study of the process of corporate financial management in an international environment. All the basic elements of corporate finance are studied. The additional complexities arising from the international business and economic environment are introduced to show how they affect corporate financial decisions. Pre-requisites: FIN 325 and ECON 333 or BUS 301
FIN 457 Banking Practices
3 credits; 3 class hours
This course will cover the operation of banking institutions, particularly commercial bank practices, reserves, loan mechanics, and the consideration of the investment policy, in addition to liquidity, capital structure and stability. Pre-requisite: FIN 325
FIN 458 Financial Management
3 credits; 3 class hours
This is an integrative capstone course applying various tools of analysis from finance, management, statistics and economics in financial decision making and policy. Emphasis will be on integrating the concepts and techniques from earlier courses in finance. Case analysis will be the preponderant mode of instruction. However, contemporary theories of financial management will be studied concurrently. Pre-requisite: FIN 325
FIN 500 Independent Study
3 credits; 3 class hours
This course provides exceptional students with an opportunity to conduct research in a specific area of finance. Pre-requisite: Department permission required, usually only senior level students are admitted to the course.