Economics Courses

NumberNameUnitsDescription
ECO 113Principles of Microeconomics1Introduction 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 114Principles of Macroeconomics1Overview of basic principles and theories associated with the establishment of market prices, national income determination, and fiscal and monetary policy.
ECO 161Foundations of Economics1Theories 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 213Intermediate Microeconomics1Examination 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 214Intermediate Macroeconomics1Analysis 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 221Environmental Economics1A 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 222Economics of the European Union1An 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 223Economics -Poverty & Discrimination1This 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 257Quantitative Meth. for Bus/Eco1Introduction 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 315U. S. Economics History1Utilizes 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 321Money & Financial Markets1Structure and operation of financial markets with emphasis on money creation by depository institutions and regulation by the Federal Reserve System. Prerequisites: 113 and 114.
ECO 328Introduction to Econometrics1Applications 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 331Labor Economics1Examines 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 333International Trade & Finance1Theory of foreign trade, effects of trade restriction, balance of payments analysis, foreign exchange markets, and individual country studies. Prerequisite: 114.
ECO 335Managerial Economics1Application 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 337Economic Development1Examination 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.

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