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Course Descriptions

ECO 210 Principles of Microeconomics
The market mechanism, with a detailed examination of supply and demand and applications to monopoly power, externalities, resource markets, and instruments of social action. Prerequisite: MGT 123 or any 100-level or higher Mathematics course. Liberal Arts Core/University Requirements Designation: SS-1. (3)

ECO 211 Principles of Macroeconomics
Examines the measurement and determination of aggregate levels of income and output, employment, and prices. The role of the central bank and the impact of government spending and taxation are examined as well. Prerequisite: MGT 123 or any 100-level or higher Mathematics course. Liberal Arts Core/University Requirements Designation: SS-1. (3)

ECO 221 The Macroeconomics Experience
Examines the measurement and determination of aggregate levels of income and output, employment, and prices. The role of the central bank and the impact of government spending and taxation are examined as well. The content will be delivered through inquiry and writing-intensive methods. Prerequisite: EN 102. Liberal Arts Core/University Requirements Designation: INQ, SS-1, WI. (4)

ECO 304 Environmental Economics
Explores the application of economic analysis to issues of natural resources and the environment. Topics include environmental externalities, environmental cost/benefit analysis, common property resources, alternative pollution control measures, climate change, and the relationship between environmental quality and economic growth. Prerequisite: ECO 210 or ECO 211 with a grade of C- or better. Liberal Arts Core/University Requirements Designation: SS-2. (3)

ECO 305 Business and Economics of Sports
Uses microeconomic principles to explore the decisions of owners and business managers in the sports industry. Topics include players’ salaries and union contract negotiations, ticket sales, the market for broadcast rights, and stadium financing. The course also examines the economics of collegiate sports and the expanding international markets in broadcast rights, athletes’ contracts, and team paraphernalia. Prerequisite: ECO 210 with a grade of C- or better or permission of the instructor. Liberal Arts Core/University Requirements Designation: INQ. (3)

ECO 330 Managerial Economics
An application of microeconomics. Topics include estimation of demand, production and cost functions, and optimal pricing and output decisions under various market structures. Prerequisite: ECO 210. Liberal Arts Core/University Requirements Designation: INQ. (3)

ECO 332 Money and Banking
An analysis of the American banking system, monetary theories, and monetary policies with emphasis on the economic importance of the Federal Reserve System. Prerequisite: ECO 211. (3)

ECO 401 Economics of Regulation
An exploration of the theories of the regulation of economic activity, its applications, and its implications. Topics will include why and how the government regulates some types of economic activity (antitrust, industrial, and social policies) and how to economically design and assess the regulation policy. Prerequisite: ECO 210. (3)

ECO 431 Contemporary Issues in Economics
A selected group of substantive issues explored in-depth, using a variety of current sources and the various tools of economic analysis. Prerequisites: ECO 210, ECO 211, and EN 102. Liberal Arts Core/University Requirements Designation: INQ, SS-2, WI. (3)

ECO 433 Research
A student in this course will conduct collaborative research (scholarly work leading to new knowledge) under the direction of a faculty member. Prerequisite: application and approval of department chair. Liberal Arts Core/University Requirements Designation: EXP. (1-6)

ECO 451 Senior Seminar in Economics
An opportunity for assisted, self-directed study of a topic of interest. The study will culminate in a paper and oral presentation. Prerequisites: 12 credits in ECO courses numbered above 300. (3)

ECO 485 International Economics
An introduction to the theory of international trade and finance with an emphasis on exchange markets, trade policies, factor movements, and the interrelationship of the domestic and international economy. Prerequisites: ECO 210 and ECO 211. Liberal Arts Core/University Requirements Designation: GP. (3)

ECO 490 Internship
Senior students may register for field experience in cooperating Washington metropolitan area firms or organizations. The internship is monitored by the director of internships and a representative of the cooperating company. Prerequisites: permission of director of internships for the School of Business Administration; minimum of 9 credits in 300/400-level ECO courses; minimum of 90 credits in the program with a cumulative GPA of 2.0 or better; and a cumulative GPA of 2.0 or better in all Economics, Politics, and Sociology courses. Liberal Arts Core/University Requirements Designation: EXP. (3-6)