Course Descriptions
Economics
ECON-200. Principles of Economics (Micro) --- Credit 3(3-0)
An introduction to the principles of economics as they relate to individual segments of the society. Emphasis will be places upon scarcity, supply and demand, consumer behavior, business firms and market structures.
ECON-201. Principles of Economics (Macro) --- Credit 3(3-0)
An introduction to the principles of economics as they apply to the economy as a whole. National income determination, inflation, unemployment, monetary and fiscal policies, and the basics of international economic relations are covered.
ECON-305. Elementary Statistics --- Credit 3(3-1)
An introduction to descriptive statistics including tabular and graphic presentation of data measures of central tendency and of dispersion; index numbers; probability; probability distributions; sample design and sampling distributions; and estimation. Prerequisite: Math 111.
ECON-310. Advances Statistics --- Credit 3(3-1)
Introduction to inferential statistics including classical hypothesis testing, chi-square tests and analysis of variances; regression analysis; correlation analysis; time series analysis; and decision theory. Prerequisite: ECON 305.
ECON-401. Public Finance --- Credit 3(3-0)
Analysis is made of the way federal, state, an local governments obtain and spend their revenues. Tax theories, incidence and impact are covered. Factors influencing governmental fiscal policies.
ECON-405. History of Economic Thought --- Credit 3(3-0)
A survey of the history of economic thought from the Middle Ages to John M. Keynes. The course aims to show how, and under what conditions the more important laws and theories have become a part of the body of modern economics.
ECON-410. Intermediate Microeconomic Theory --- Credit 3(3-0)
Theoretical analysis of consumer demand; production and costs; optimum output and pricing behavior under various market conditions; allocation of factors of production and distribution of income; general equilibrium and welfare economics. Prerequisites: ECON 300 and junior standing.
ECON-412. Quantitative Analysis --- Credit 3(3-0)
This course is intended to provide students with a solid foundation to basic mathematical methods employed in macro and micro economic theory. It includes elementary application of calculus an analytical geometry, and matrix algebra to illustrate income - expenditure model, demand theory, production function, problems of cost minimization and profit maximization, and linear programming. Prerequisites: ECON 300, 301; MATH 111, 112 or 131.
ECON-415. Money and Banking --- Credit 3(3-0)
An introduction to money, banking, and recent developments in the U.S. financial system. The functions and definitions of money, various types of financial intermediaries and instruments, commercial banking an --- Credit creation, the Federal Reserve System, monetary theory and policy, and international banking are covered. Prerequisites: ECON 300 and 301, Junior standing.
ECON-420. Intermediate Macroeconomic Theory --- Credit 3(3-0)
An intermediate level exploration of macroeconomic phenomena. Topics include aggregate demand and supply, income determination, equilibria in money and commodity markets, expectations theories, consumption, investment, inflation and unemployment trade-off, and monetary and fiscal policies for stabilization. Prerequisites: ECON 301 and Junior standing.
ECON-425. Economics of Transportation --- Credit 3(3-0)
Application of the tools of economics to problems of the transportation industry. Topics include economic regulation, cost-benefit, rate structure, externalities and social vs. individual decision making.
ECON-430. Computer Analysis of Business and Economic Data --- Credit 3(3-0)
Introduction to the use of interactive and Batch systems for analysis of business and economic data; using statistical packages and the use of computer for computation of measures of central tendency, measures of dispersion, correlation, testing hypothesis, chi-square, t and F statistics, and linear regression. Emphasis on structured use of FORTRAN in implementing packages. Prerequisite: ECON 310.
ECON-501. Labor Problems --- Credit 3(3-0)
An introductory course focusing on dealing with the efforts of working people to improve their relative position in the economy; the influence of unionism and of government participation are emphasized.
ECON-505. International Economic Relations --- Credit 3(3-0)
National specialization and international exchange. The history and significance of international trade among nations of the world.
ECON-510. Business Cycles --- Credit 3(3-0)
The general instability of capitalism and its causes, seasonal fluctuations and the secular trend. Business cycle history and theories. The influence of cycles on government fiscal policy.
ECON-512. Introduction to Econometrics --- Credit 3(3-0)
This course is intended to provide the student with a working knowledge of application of modern statistical tools for the formulation and the verification or refutation of economic theories. Primary attention is given to quantitative estimates of parameters in single equation stochastic models. The course also introduces the student to simultaneous-equation models. Prerequisite: ECON 310 or consent of the instructor.
ECON-515. Comparative Economic Systems --- Credit 3(3-0)
A description and analytical study of the various systems that have developed in different countries at different times, motivations, production and distribution patterns.
ECON-520. Economic Development --- Credit 3(3-0)
This course surveys the problem of economic growth and development in modern times and analyzes the present efforts to increase the rate of economic growth. Selected case studies will be drawn from both highly developed nations and lesser developed nations. Special emphasis will be given to disproportional growth in sectors of the United States economy.
ECON-525. Economics Seminar --- Credit 3(3-0)
The use of economic tools in delineating, analyzing and presenting economic problems that are not included in other courses. This course will include also an exposure to recent developments in economics.
ECON-599. Independent Study --- Credit 3 or 6
This course is designed for students involved in Cooperative Work-Study Program where the length and nature of their involvement warrants the awarding of such credit. The following conditions must be met in order to receive credit:
- The credit will be determined by the department chairman at the time of registration;
- the student must be registered at the University during the off-campus assignment;
- the student should spend a minimum of three months in the off-campus experience for each three semester hours of academic credit. When the off-campus experience is in the form of seminar exposure, then not less than forty-five (45) clock hours should represent three semester hours of academic credit;
- the student will be required to present a written report and/or other evaluation criterion that will be evaluated by the supervising teacher. Any special problem or technical report pursued by the student will be subject to prior approval by the department chairman or supervising teacher.
Prerequisite: Consent of the advisor and/or department chair.
Advanced Undergraduate and Graduate Courses
ECON-601. Economic Understanding --- Credit 3(3-0)
An introduction to the principles of economics utilizing the macro approach. No --- Credit towards a degree in economics.
ECON-602. Manpower Problems and Prospects --- Credit 3(3-0)
An analysis of manpower development problems and prospects, with particular reference to the problems of unemployment, underemployment and discrimination. The course will focus on problem measurement, evaluation of existing policy and prospects for achievement of all human resource development. The course will invite an interdisciplinary participation on the part of students and faculty. Prerequisite: ECON 300 or 301; ECON 305 or equivalent, or consent of instructor.
ECON-603. Manpower Planning --- Credit 3(3-0)
Manpower planning centers chiefly on the adjustment necessary to adapt labor resources to changing job requirements. This course is designed to prepare students to create plans which will facilitate this adjustment. This course will attempt to acquaint the student with labor force and labor market behavior such that he is able to make planning decisions relating to job creation (increasing demand) and education and training (increasing supply). Planning will be done at both the national (macro) and local (micro) levels, with special emphasis on the latter. We will further attempt to evaluate all planning decisions by use of Cost-Benefit Analysis or Multivariate Analysis. Prerequisite: ECON 300 or 301; ECON 305 or equivalent, or consent of the instructor.
ECON-604. Economics Evaluation Methods --- Credit 3(3-0)
The course will cover needed tools of research design, statistical reporting, cost benefit analysis and other related techniques for internal and external evaluation of human resource development programs. The course is designed both for inservice personnel currently employed by agencies, and for the regular student enrolled in a degree-granting program.
ECON-608. Managerial Economics --- Credit 3(3-0)
This course will apply the tools and methods of microeconomic theory to specific management decision making in the private sector. Particular emphasis will be placed on pricing, profit, maximization, capital budgeting and financial decisions in the long-run.
ECON-610. Consumer Economics --- Credit 3(3-0)
This course is designed to acquaint the student with the nature, scope and tools of consumer economics. It is particularly oriented to minority groups, thus focusing on the economic choices currently affecting groups with rising incomes and aspirations. This course will consider the economic choices faced by the consumers in maximizing satisfaction with limited means.
ECON-615. Economic, Political and Social Aspects of the Black Experience --- Credit 3(3-0)
A study of the political, economic and social tools of current public policy treating the subject of race in America. This course will examine the economic and social conditions of income inequality and explore the national commitment to equal opportunity. Special emphasis will be placed on illustration from North Carolina and adjacent states.
ECON-690. Special Topics in Economics --- Credit 3(3-0)
An examination of problems and analytical techniques in economics. The pursuit of certain specific or problem oriented area in economics not covered in other courses. Course content may vary from semester to semester. May not be repeated for credit.
Graduate Courses
ECON-701. Labor and Industrial Relations --- Credit 3(3-0)
Two important sectors of the economy are examined - Labor and Management. Historical, public and governmental influences are studied.
ECON-705. Government Economic Problems --- Credit 3(3-0)
This course will consider the growth of public expenditures and revenues, and debt of the United States; theories of taxation and tax incidence; and the effects of public expenditures and taxes on economic growth.
ECON-710. Economic Development and Resource Use --- Credit 3(3-0)
This course deals with resource and economic development in the domestic economy and also a comparison drawn among development, developing and undeveloped societies.
ECON-720. Development of Economic Systems --- Credit 3(3-0)
An analytical approach to the study of various economic system, how these systems developed and how they are organized to carry on economic activity.
