Descriptions for Online Economics Courses

  • ECN 100 (3 credit hours)
    Introduction to Economics
    An introduction to economic way of thinking covering a survey of micro and macro economics including basic data sources.
  • ECN 137 (3 credit hours)
    World Economic Geography
     A study focusing on economic activity at the local, national and world levels, including developing nations as well as the geography of highly developed economies such as the United States and Canada. Geographic study of economic organizations and their classification with respect to resource endowment and utilization. Topics such as production, distribution and consumption of selected commodities, representing the use of resources in the framework of evolving and existing technology and culture are also included in discussions.
  • ECN 295 ( 3 credit hours)
    Microeconomic Principles
    Study of the scope and method of economics. The course focuses on the allocation of resources and economic efficiency in production, demand and supply in consumption, pricing system, competition and monopoly, the pricing of factor services, and the distribution of income.
  • ECN 296 (3 credit hours)
    Macroeconomic Principles
    Study of the scope and method of economics. Course topics include: measures and determinants of the level of aggregate income and demand, inflation, employment, economic development; monetary institutions and money supply, monetary policy; taxes, government borrowing; expenditures, fiscal policy, international trade and alternative systems of economic organization.
  • ECN 305 (3 credit hours)
    Money and the Financial System
    Prerequisites: ECN 295 and ECN 296
    Introduction to international financial system, balance of payments, exchange rates and external currency markets. Course topics include: the nature and economic role of money and credit, financial intermediation and its control by monetary authority, financial markets, institutions and instruments, interest rate theory, level and term structure, yield curve strategies, control of monetary aggregates and their relationship to employment and prices, and controversies in monetary policy.
  • ECN 315 (3 credit hours)
    Intermediate Microeconomics
    An extension and elaboration of elementary price and allocation theory with emphasis on techniques and methods of analysis. Covers topics, among others, that include: the principle of optimization in consumption, production and distribution, behavior of firms, market structure and function, factor markets, and programming and activity analysis.
  • ECN 316 ( 3 credits hours)
    Intermediate Macroeconomics
    An extension and elaboration of elementary aggregate income and employment analysis. Focuses on: aggregate income and product accounts, aggregate demand, aggregate supply and general static equilibrium of the product and money markets, growth and instability in economic activity, stabilization through the application of fiscal and monetary policies, and simple dynamic models of growth.
  • ECN 358 (3 credit hours)
    Money and Capital Markets
    A study of the U.S. financial system using a flow-of-funds approach. Class analyzes the nature and role of all financial institutions and markets and the policies of the Federal Reserve and Treasury operations.
  • ECN 376 (3 credits hours )
    Monetary and Fiscal Policy
    An analysis of the expected consequences of monetary and fiscal policies on investment, production, employment, pricing, balance of payments and economic growth. The course also covers some of the structural, allocational and political constraints.
  • ECN 440 (3 credit hours)
    Economics of the Public Sector
    Prerequisites: ECN 295
    An in-depth examination of the role of the public sector in a marketâ€-based and market-driven economy like the U.S. Course topics include: efficiency criteria in public decision-making; budgeting; priority setting; economic analysis of the incidence and economic effects â€- in particular, on resource allocation and income distribution as well as the intricate issue pertaining to the relations in inter-governmental agencies.
  • ECN 466 (3 credit hours)
    International Finance
    An analysis of the monetary and financial framework of international trade. Course topics include: international payments methods and money markets; fluctuations in foreign exchange rates, devaluation, and exchange control; capital movements, international borrowing, and debt; balance of payments problems and gold flows; the International Monetary Fund and the World Bank; plans for international monetary reform.
  • ECN 465 (3 credit hours)
    Economics of International Trade
     Prerequisites: ECN 295 ECN 296
    A study of the foundation, advantages, problems of international specialization/trade and the accelerated pace of globalization process among world economies. Course topics include: the rise of multinational and transnational firms, absolute and comparative advantages in production, distribution and consumption, differences in cost and price relations among countries, foreign exchange rates, the terms of trade and trade balances, international cartels and commodity agreements, import quotas and bilateral or multilateral agreements, tariffs, and relations between domestic and international economic policies.
  • ECN 510 (3 credit hours)
    Economic Analysis
    Microeconomics concerns itself with analyzing rational decision-making processes by consumers, producers, competitive firms, monopolistic competitors, oligopolists and monopolistic enterprises. Decision-making processes aim at value-maximization by consumers, factor efficiency and cost-minimization by producers, and profit maximization by sellers. In addition to studying production, distribution and consumer decision, Microeconomics also analyzes rational behavior of factor suppliers whether they be providers of labor, raw materials, parts or services for utility maximization by suppliers and value-product optimization by factor employers. Diverse aspects of buying and selling are then integrated into a general equilibrium model for social optimality.
  • ECN 512 (3 credit hours)
    Analysis of Economic Conditions
    The primary function of this course is to delve into economic analysis to describe, explain and predict aggregate measures of economic activities such as product, employment/unemployment, inflation, international trade and the balance of payments. The course constructs macro economic models of the economy, based on theory, to explain economic events. The models are then used to apply to and evaluate policy alternatives and actions of governments in their attempt to influence economic outcomes such as keeping inflation in check while achieving fuller employment while trading successfully with economies abroad.
  • ECN 540 (3 credit hours)
    Financial Economics
     An introduction to the financial system, which precedes courses in finance and economics. It is designed for three groups of graduate students: those who have not had such an introductory course, those who had such a course several years ago and need a review and for those who have had such a course but for one reason or another did not learn the material well enough. Concepts such as financial intermediation, money, credit, interest rates, valuation are covered in depth. Cash and derivative markets as well as domestic and international finance are grist for our mill. The roll of the monetary authority (Federal Reserve) and its relationship to the financial system is covered. Readings written by the author are also supplied to see how problems arise in the system that can seriously impair that system from optimized economic welfare.
  • ECN 545 (3 credit hours)
    Economics of the Public Sector
    The role of the public sector in a market-oriented economy. Efficiency criteria in public decision-making, budgeting, setting of priorities. Economic analysis of the incidence and economic effects, particularly on resource allocation and income distribution of major taxes, including their structures. Problems of intergovernmental relations.
  • ECN 546 (3 credit hours)
    Money and Capital Markets
    Prerequisites: ECN 510 ECN 512
    A flow of funds approach to the study of financial institutions and markets. Analysis of the nature and role of monetary and non-monetary financial institutions. Effects of cyclical and secular changes in business activity. Federal Reserve policies and treasury operations in the financial markets. Inter-working of financial and non-financial markets.
  • ECN 565 (3 credit hours)
    Theory of International Trade
    Prerequisites: ECN 510 ECN 512 or consent of the instructor.
    An approach to the theory of international trade. Topics examined include the determination of the amount and composition of goods and services traded by nations, the terms of trade and changes in the structure of world trade. The impact of international trade on domestic stability, welfare and development. International factor price equalization, location theory and general methods of international economic relations. Qualitative and quantitative trade barriers are also analyzed.
  • ECN 566 (3 credit hours)
    International Monetary Analysis
    Prerequisites: ECN 565 or consent of the instructor.
    An analysis of monetary and financial problems, adjustment mechanisms and policies of international trade. The foreign exchange market, capital flows, the problem of international liquidity. Particular, cyclical, secular and structural disequilibria in balance of payments are examined as are gold movements and the role of national central banks and international monetary agencies. International Monetary Policy analyzes issues, such as underdeveloped nations, debt forgiveness and funding of Third World projects are discussed and the ethical considerations of the human impact of international economic trends are evaluated.
  • ECN 585 (3 credit hours)
    Seminar In Monetary and Fiscal Policy
    A study of monetary and fiscal policies designed to achieve maximum employment, price stability and economic growth. International interrelationships.