Economics Courses

Number	Name	Units	Description
ECO 113	Principles of Microeconomics	1	Introduction to the basic principles and theories of microeconomics. Emphasis is given to studying individual behavior for both consumers and firms within the context of a market economy.
ECO 114	Principles of Macroeconomics	1	Overview of basic principles and theories associated with the establishment of market prices, national income determination, and fiscal and monetary policy.
ECO 161	Foundations of Economics	1	Theories describing resource allocation in a market economy will be introduced. The individual behavior of both consumers and firms will be studied in the context of a market economy, along with an overview of basic principles related to national income determination and fiscal and monetary policy. Partially satisfies the Modern Society LADR.
ECO 213	Intermediate Microeconomics	1	Examination of the basic assumptions and methods of analysis employed in microeconomics, with an emphasis on demand, production, cost, and market structures. Prerequisites: 113 and Mathematics 112, 121, or equivalent.
ECO 214	Intermediate Macroeconomics	1	Analysis of national income, employment, price level determination, and monetary and fiscal policies, emphasizing contemporary macroeconomic issues. Prerequisites: 114 and Mat 112, 121, or equivalent.
ECO 221	Environmental Economics	1	A study of environmental issues, policies, and debates from an economic perspective. Introductory concepts such as negative externalities and public goods are expanded and integrated into modern economic models currently being used to study the impact that economic activity has upon the environment. Prerequisite: 113.
ECO 222	Economics of the European Union	1	An examination of the economics of the European Union (EU) and, in particular, the economics of the European Monetary Union (EMU). The main focus is on the economic costs and benefits of a monetary union, with specific reference to EMU member countries, and what member countries could do to maximize the benefits and/or minimize the costs. In addition, the EU governance structure will be examined as well as the role and purpose of various EU institutions. Offered during Spring Term with a two-week field trip to Brussels, Belgium. Prerequisite: Eco 114.
ECO 223	Economics -Poverty & Discrimination	1	This course explores how the discipline of economics can explain the causes and effects of poverty and discrimination on various segments of the population. Students will be introduced to economic theories of poverty and discrimination, measures of poverty and discrimination, and successes and failures of public policies designed to reduce poverty and discrimination in the US. International dimensions of poverty and discrimination will also be discussed. Prerequisites: Eco 113, or Eco 114, or Eco 161. Offered during spring term and includes service learning (visiting and volunteering at homeless shelters and soup kitchens in Cincinnati, Louisville, Indianapolis, and Madison).
ECO 257	Quantitative Meth. for Bus/Eco	1	Introduction to the quantitative methods used in business and economics with an emphasis on their application. Methods studied include confidence intervals, hypothesis testing, correlation analysis, and simple linear regression. Prerequisite: 113 or 114.
ECO 315	U. S. Economics History	1	Utilizes economic theory in an examination of the United States' economic growth and development from the colonial period until World War II. Prerequisite: 113 or 114.
ECO 321	Money & Financial Markets	1	Structure and operation of financial markets with emphasis on money creation by depository institutions and regulation by the Federal Reserve System. Prerequisite: 114.
ECO 328	Introduction to Econometrics	1	Applications of elementary econometric procedures and statistical inference as used in business, economics, and other social sciences. Prerequisites: 113 or 114, 213 or 214, or concurrent enrollment, and 257 or equivalent.
ECO 331	Labor Economics	1	Examines models of worker and employer decisions in labor markets. Both parties operate in the face of scarce resources, government regulation, changing demographic patterns, and other economic forces. Offered at least every other Spring Term with a one-week field trip in Washington, D.C. Prerequisite: 213.
ECO 333	International Trade & Finance	1	Theory of foreign trade, effects of trade restriction, balance of payments analysis, foreign exchange markets, and individual country studies. Prerequisite: 114.
ECO 334	Industrial Organization	1	Examines the ways in which industries are organized and how firms within those industries interact. Models of perfectly competitive and monopolistic markets are extended to incorporate real world friction, such as imperfect information, strategic behavior, barriers to entry, and government actions. Material incorporates theoretical I-O with actual market history, structure, conduct, and performance of firms within selected industries. Prerequisite: 213. Offered alternate years.
ECO 335	Managerial Economics	1	Application of economic theory to business decision making based on the integration of microeconomics, mathematics, and statistics. Prerequisites: 213, 257, and Mat 112, 121, or equivalent.
ECO 337	Economic Development	1	Examination of the concepts, practices, and problems of economic development, with particular emphasis on the less developed countries of Asia, Africa, and Latin America. Prerequisite: 113 or 114.