ECO 110     Microeconomics (4)

An in‑depth analysis of the operation of market forces in determining resource allocation in the private sector via the price system. Comprehensive theoretical models of the consumer, the producer, and market structure are developed. The student will become acquainted with the techniques whereby economists analyze, for purposes of public policy, such issues as environmental restrictions, public utility rate fixing and other price controls, commodity taxation, minimum wage laws, occupational licensing, and the economics of crime and punishment. Meets new General Education Social Science requirement.

ECO 112     Macroeconomics (4)

A study of both classical and modern theory focusing on the determination of national income, employment, and the rate of inflation. The major versions of the classical and Keynesian systems are developed, including a review of the consumption function and the behavior of investment. Specific modern problems, such as the effects of wage‑price controls, the institutional difficulties surrounding monetary and fiscal policy‑making, and the growth/no growth issue, are discussed.

ECO 330     Economics of Aging (4)

Covers a variety of economic problems related to aging, from the viewpoints of both the individual and society as a whole. The economic characteristics of older persons will be examined, including labor force participation, financial circumstances, consumption patterns, and health status. Major attention will be given to formal and informal economic security arrangements including individual saving programs, public and private pension systems, health insurance, and other legal and financial devices. Long‑term projections of the aged population, and its impact on the American economy, will be reviewed. Meets new General Education Social Science requirement.

ECO 425     Economics of the Environment (4)

An economic analysis of environmental protection. Topics include: the economic nature of environmental problems; a description of air, water, and land pollution; global environmental issues; the economics of natural resource use, conservation, and recycling; and an analysis of the history and evolution of environmental policies in the United States. Prerequisite: ECO 110 or equivalent.

ECO 491     Independent Study (Variable 1-4)

Extensive study and research on a particular topic of student interest under the supervision of a faculty member. The student is required to submit a written proposal which includes a description of the project, its duration, educational goals, method of evaluation, and number of credits to be earned. Prerequisite: Matriculated students only, permission of instructor and dean of subject area.