Economics Finance & Management
Courses
Economics
ECO 1003: Entrepreneurship for the Liberal Arts (3cr)*
This course provides liberal arts students with the knowledge and skill needed to plan and manage a business, especially when the business pertains to their liberal arts training. It covers basics, such as accounting, marketing, and human resource management, and shows how these are strategically combined to create a business plan. This course may not be taken in fulfillment of an economics, finance, or management major or minor.
ECO 1011: Principles of Economics I: Introduction to Macroeconomics (3 cr.)
This is an introductory treatment of nation-wide economic activity. Topics include the measurement and determination of gross output, inflation and unemployment. Major attention is given to fiscal and monetary policy. (Fall) (Spring)
ECO 1012: Principles of Economics II: Introduction to Microeconomics (3 cr.)
This is an introductory treatment of the behavior of consumers and business firms and how they interact in markets. Demand and supply analysis is used to show how price and output will change when market conditions change in a variety of different competitive settings. Prerequisite: Principles of Economics I. (Fall) (Spring)
ECO 2017: Economics and Finance of Health Care Policy (3 cr.)
This course examines an increasingly important sector of the US economy, as health care now comprises almost 15% of gross domestic product. Further, this sector is one of the least influenced by ordinary market forces, largely because public and private insurance cover more than 80% of health care spending. The result is a unique and complex challenge to public policy: to determine how best to finance and deliver health care, so that it is both efficiently provided and equitably distributed. Prequisite: Principles of Economics II
ECO 2022: Government and Industry (3 cr.)
An examination of how industrial market structure affects the conduct and performance of firms in the economy. Topics include the determinants of market structure, barriers to entry, price and non-price competition, government regulation and anti-trust policy. Prerequisites: Principles of Economics I and II. (Fall ‘08)
ECO 2025: American Economic History (3 cr.)
The development of different sectors of the American economy from the colonial era to the present will be described and analyzed. Topics include the history of American banking, finance and broadcasting; industrialization and the creation and growth of the corporation; and the development of modern marketing in America. (Fall ‘08)
ECO 2032: Applied Game Theory (3 cr.)
People often make decisions in which the reactions of others must be anticipated and accounted for. Game theory represents a systematic way of thinking strategically. This course develops the basics of the field of game theory and applies this theory to a range of strategic decisions as diverse as those that involve: negotiating contracts; signaling the intent to enter a market; predatory pricing; acting crazy like a fox; finding and attracting the best feasible mate; arranging alliances; and establishing peace among nations. The conditions that produce both conflict and cooperation are explored. Prequisites: Principles of Economics I and II.
ECO 2043: Economic Conditions and Forecasting (3 cr.)
The nature and cause of business cycles will be analyzed along with business cycles and economic indicators. Various forecasting methods for both business and economics will be discussed and students will learn how to forecast through practical, hands-on examples. Prerequisites: Principles of Economics I and II.
ECO 2045: Economics of Competitive Strategy (3 cr.)
This course applies microeconomics to the analysis of corporate strategy (and even strategy by non-profit corporations). The characteristics of markets and firms that make strategy possible are examined and superior strategies are identified. Students will examine contemporary cases. Prequisites: Principles of Economics I and II
ECO 2050: Women in Development (3 cr.)
This course will survey several countries where development strategies have followed different models while gender has played another role. Student projects will explore the question of whether common elements appear in the relations of gender, religion and economic development around the world.
ECO 2060: Economic Statistics (3 cr.)
This course covers methods of analyzing and summarizing economic and business data; numerical measures of location and dispersion; probability and probability distributions; estimation and hypothesis testing; the correlation coefficient. Prerequisites: Principles of Economics I and II. (Fall) (Spring)
ECO 3001: Intermediate Macroeconomic Theory (3 cr.)
An intermediate level treatment of the determination of national output, employment and the price level. Classical, Keynesian, monetarist and related models are considered. Additional topics include inflation, unemployment and monetary and fiscal policy. Prerequisites: Principles of Economics I and II. (Spring)
ECO 3002: Intermediate Microeconomic Theory (3 cr.)
An intermediate level treatment of consumer behavior and market demand, the theory of the firm, production, cost and supply. Perfect competition, monopolistic competition, oligopoly and monopoly market structures will be considered. Prerequisites: Principles of Economics I and II. (Fall)
ECO 3008: Applied Econometrics (3 cr.)
Statistical analysis of econometric phenomena will be conducted using standard regression models. Theoretical foundations will be established in the classroom while emphasis is placed on practical applications to individual projects designed by each student. Prerequisites: Principles of Economics I and II, Economic and Business Statistics and at least one other economics course. (Fall ‘07)
ECO 3016: International Trade and Development (3 cr.)
This course will acquaint the student with the phenomenon of globalization and what it means for all participants in the world economy. Different economic systems around the world will be examined. Students will learn about the theoretical bases for trade and discuss commercial policies, including the theory and practice of protection, regional trading blocs and resource mobility. A discussion of global finance and foreign debt will be followed by a look at economic development and growth in the poor nations of the world. Different models and relevant issues of development will be analyzed. Prerequisites: Principles of Economics I and II. (Fall)
ECO 3035 Seminar in International Business (3 cr.)
This seminar will investigate the rapidly evolving global environment in which international business operates. The ways large and small firms deal with the forces that make up the international environment will be examined. Videos, readings, student participation and an emphasis on the human ramifications of international business will comprise the seminar period. The seminar will require the completion of a research project, which each student will present to the class at the conclusion of the seminar. Prerequisites: Principles of Economics I and II. (Spring)
ECO 3075: Seminar in Contemporary Economic Issues (3 cr.)
Public policy in a market economy is analyzed in a seminar or discussion style format. Topics include price controls, energy policy, rent control, product safety standards, environmental policy, minimum wage law, and educational vouchers. Prerequisites: Principles of Economics I and II. (Fall ‘08)
ECO 3997: Senior Seminar in Economics (3 cr.)
Students undertake research on a topic approved by the instructor and use the analytical tools of the economist to reach conclusions. Results are presented and discussed in class. (Fall ONLY)
Finance
ECO 2003: Investment Analysis (3 cr.)
This course describes the setting of investment decisions and the fundamental principles guiding them. Emphasis is on securities markets and investment strategies. Prerequisite: Corporation Finance. (Fall)
ECO 2005: Personal Finance (3 cr.)
An analytical framework is developed to make the financial choices required to fulfill personal goals. Topics include goals definition; wealth building and exponential functions (compounded returns); investment basics with a focus on the evaluation of mutual funds; major purchases; debt; expenditure controls; risk management and insurance; and investment and estate planning. Extensive use is made of electronic spreadsheets to perform exercises for the course. Prerequisites: Principles of Economics I and II. (Spring)
ECO 2009: Public Finance and Public Policy (3 cr.)
This course analyzes the ways the government taxes, issues debt, redistributes income, and makes expenditures. Alternative tax and transfer structures are examined such as proposals for a flat tax, for privatizing social security and for a negative income tax. The principles of cost-benefit analysis are developed. Tradeoffs between efficient resource allocation and popular notions of justice will be considered in examining most policies. Prerequisites: Principles of Economics I and II. (Fall)
ECO 2015: Money and Banking (3 cr.)
This course examines the nature of money, its history and its role in the economy, the demand and supply of money, the Federal Reserve and its relationship to banking and the economy and the financial structure of the economy including financial markets and institutions. Prerequisites: Principles of Economics I and II. Note: this course is an alternative to ECO 3020; only one of the two courses may be taken. (Spring)
ECO 2018: Corporation Finance (3 cr.)
This course looks at sources and uses of funds by corporations; the analysis and management of their funds, such as cash, inventories and accounts receivable, and the efficient selection of short, intermediate and long-term funding. Prerequisites: Principles of Economics I and II, Fundamentals of Accounting I and Economic and Business Statistics. (Fall)
ECO 3012: Portfolio Analysis (3 cr.)
This course considers both individual and institutional portfolio management. It examines portfolio objectives, linking them to appropriate strategies, as well as the asset allocation decision, equity and fixed income portfolios and portfolio evaluation and revision. Prerequisite: Corporation Finance. (Spring)
ECO 3017: Seminar in International Finance and the Global Economy (3 cr.)
This seminar will explore how worldwide capital flows provide the nexus between domestic and foreign economies. Analysis of the balance of payments, international money markets and exchange policies will convey the relevance that global events play in our lives. Videos, readings and student participation will comprise the seminar period. Each student will write a research paper and present the results to the class. Prerequisite: Principles of Economics I and II. (Spring)
ECO 3020: Seminar in Money and Banking (3 cr.)
An examination of the nature of money, its history and its role in the economy in a seminar forum where students read articles, make oral presentations and write a short research paper. Additional topics covered include the Federal Reserve system, other financial institutions, financial markets and the structure of the financial sector of the economy. Prerequisites: Principles of Economics I and II. Note: this course is an alternative to ECO 2015; only one of the two courses may be taken. (Spring)
ECO 3997: Senior Seminar in Finance (3 cr.)
Students undertake research on a topic approved by the instructor and use the tools of financial analysis to reach conclusions. Results of papers are presented and discussed in the seminar. (Fall ONLY)
Management
MGT 1001: Fundamentals of Management (3 cr.)*
This course focuses on the principles and theory of management. Methods of planning, organizing, staffing, leading and controlling a firm will be examined. (Fall) (Spring)
MGT 1002: Fundamentals of Accounting I (3 cr.)*
Introduction to accounting concepts for external financial reporting. Topics include accounting theories and principles relative to asset and liability valuations and income determination. (Fall) (Spring)
MGT 1003: Introduction to Marketing (3 cr.)*
Students are given a hands-on understanding of the tools of marketing. Marketing tools are integrated into the marketing system. Topics include consumer behavior, product design, segmentation, advertising, promotion, selling, pricing, distribution and financial feasibility. (Fall) (Spring)
MGT 1004: Principles of Entrepreneurship (3 cr.)*
This course introduces the student to the principles and structures of self-owned business. Topics include organization and utilization of resources. Students will develop brick and mortar and E-commerce business plans.
MGT 1005: Management of Human Resources (3 cr.)*
This course presents an overall view of the functions of a human resource department. Topics include: international HR management, employee involvement and quality management, the appropriate response of organizations to technological change, the role of the HR professional within the organization, HR planning strategy and the implementation of a human resource information system within the organization. Note: This course is a prerequisite for all other human resources courses. (Fall)
MGT 1006: General HR Employment Practices (3 cr.)*
The course explores the changing legal and regulatory factors affecting employees, employers and employment rights. Topics covered will include the legal rights and responsibilities relative to hiring and firing, wages and benefits, personnel policies and discrimination. Prerequisite: MGT 1005.
MGT 1007: Computer Concepts with Business Applications
(3 cr.)*
This course provides a well-rounded understanding of computer and communications technology concepts. Students become familiar with personal productivity tools such as spreadsheet, database, and web page publishing software. An appreciation is developed of the pervasive use, limitations, and dramatic impact of technology on the business world and society in general. (Fall) (Spring)
MGT 1008: Fundamentals of Accounting II (3 cr.)*
Introduction to accounting concepts for internal reporting and control. Topics include cash budgeting, decision making, capital budgeting, tax aspects of managerial planning and performance evaluation. Prerequisite: MGT 1002.
(Fall) (Spring)
MGT 1020: Management of Technology (3 cr.)*
This course will illustrate the integrated nature of information, technology, people and processes in the organizational environment. Students will understand how technology enables the attainment of organizational goals, the improvement in decision-making, customer service, and quality, as well as the transformation of entire industries. Prerequisite: MGT 1007.
MGT 2006: International Marketing (3 cr.)*
Marketing principles are applied in different international environments. Topics include the introduction of new products, marketing channels, pricing policies and multinational marketing programs. Prerequisite: Introduction to Marketing. (Fall)
MGT 2007: International Management (3 cr.)*
Principles of management applied in different international environments are discussed. Topics include management policies of multinational corporations, long-range planning, strategies, organization and control and management practices in different countries. Prerequisite: Fundamentals of Management. (Spring)
MGT 2015: Organizational Behavior (3 cr.)*
This course presents an overview of industrial, social and organizational psychology applied within the business environment. Students learn how to develop team plans, how to implement teams within the organization and how to develop ways to evaluate and reward individuals and teams within a cooperative environment. Attention will be given to scheduling and computer based planning as tools to facilitate more effective and efficient team functioning. Prerequisites: HR concentration majors must have taken MGT 1005.
MGT 2016: Integrated Marketing Communications (3 cr.)*
The development of effective communication strategies. This course presents a complete perspective of the promotional function, from the establishment of communication objectives to the development of advertising, sales, trade promotions, public relations and selling programs. Prerequisite: MGT 1003.
(Spring)
MGT 2017: Internet Marketing (3 cr.)*
Students will explore and evaluate the implications of the internet for the marketing of goods and services and understand the critical success factors for marketing on the internet. Prerequisite: MAC 1075: Introduction to Data Processing. (Fall)
MGT 2018: Staffing, Safety, Training and Development (3 cr.)*
This course consists of three parts: (1) identification of principles relevant to recruiting, selecting and maintaining an effective workforce; (2) assessment of the impact of safety standards on the operation of the organization and (3) human resource development. The relationship between development and training and the organization’s strategic planning is highlighted. Prerequisites: MGT 1001 and MGT 1005.
MGT 2020: Database Management Systems (3 cr.)*
In this course students develop a comprehensive set of skills and the knowledge that is necessary to successfully design, build and use a database system in today’s dynamic business environment.
MGT 2021: Compensation and Benefits (3 cr.)*
Students examine total compensation systems and employee benefit programs and develop an understanding of the strategic issues in designing pay structures, benefit plans, cost containment and in the importance of communicating the system to the business firm’s employees. Prerequisites: MGT 1001 and MGT 1005.
MGT 2023: Employee and Labor Relations (3 cr.)*
The course analyzes the practice surrounding the relationship between the organization and its employees. Examples of issues considered include: dispute resolution, union representation, organization-union relations and identification of both the employer and union unfair labor practices. The differences between the public sector and the private sector in collective bargaining are compared and contrasted. Prerequisite: MGT 1005.
MGT 2024: Consumer Behavior (3 cr.)*
This course examines how consumers find, purchase, use, and evaluate products and services. Topics include market segmentation and the diffusion of innovations, decision-making models, buying habits, motivation and attitude theory, and the buying behavior of organizations. Prerequisites: Fundamentals of Management and Introduction to Marketing. (Fall)
MGT 2025: Human Resource Management in the Public Sector (3 cr.)*
This course provides an overview of human resource management in a political environment. It focuses on the differences in the practices of HR management in the private and public sectors.
MGT 2026: Environmental Business Management (3cr)*
This course focuses on successful practices for the management of our environmental resources within businesses and the effect these practices have on the economic and social bottom line.
MGT 2029: Business Start-Up (3 cr.)*
Student teams will start and operate a campus-based business. The business will have a one-semester duration and must have an exit strategy. Prerequisite: MGT 1004.
MGT 2030: Project Management (3 cr.)*
Topics will include development, implementation and evaluation of project control techniques and management science techniques necessary for planning and resource control. Prerequisites: MGT 1007 (or MAC 1075).
MGT 2031: Systems Analysis, Design, and Implementation
(3 cr.)*
In this course students develop a comprehensive set of skills and the knowledge that is necessary to successfully analyze, design and implement technology system solutions in today’s dynamic business environment. The course focuses on a set of structured analysis and design methods, techniques and “best practices” that are used to transform complex business problems, opportunities and objectives into effective and efficient business solutions using technology.
MGT 2032: International Human Resource Management (3 cr.)*
An introduction to the critical issues organizations face in simultaneously managing their human resources at home and abroad. Focus is on the connection between corporate strategies and the effective management of human resources that, at times, may require different policies across geographic borders.
MGT 2034: Training Through Technology (3cr.)*
Today’s technology provides many venues for the delivery of information and for skill development. The course examines ways in which technology, including software, can complement the delivery of training, especially in business. Attention will be paid to the training of individuals with disabilities.
MGT 3001: Intermediate Accounting I (3 cr.)*
An intermediate-level treatment of accounting concepts and theories pertaining to external financial reporting. The emphasis is on theories surrounding asset valuations, liabilities, income determination and cash flows. Prerequisite: MGT 1002 and MGT 1008, and junior standing.
ECO 3997: Senior Seminar in Management (3 cr.)
Students undertake research on a topic approved by the instructor and use management tools and techniques to reach conclusions. The results of the research project are presented in a senior thesis and discussed in a seminar format. A grade of C- is the minimum standard for a successful senior evaluation. (Fall ONLY)