2019-2020 Catalogue

Economics (EC)

EC 611 The Macroeconomics of Financial Markets     (3 credits)

<p>Pre-Req: GR 522 and GR525 or FI 625</p>

This course explores the links between the macroeconomy and financial markets. The course begins by developing a model of the macroeconomy. It will then cover the basic asset valuation models. The remainder of the semester will explore how changes in the macroeconomy affect stock, bond, foreign exchange and derivatives markets, as well as how these markets in turn impact the macroeconomy.

EC 621 Business and Economic Forecasting     (3 credits)

<p>Pre-Req:GR 521 and Pre/Co-Req:GR 522.</p>

This course presents a range of concepts useful for business, economic and financial forecasting. It introduces the types of forecasts required, simple time-series models, data series smoothing techniques, trend-line fitting and forecasting, linear regression time-series forecasts and Box-Jenkins models. The course examines the selection of appropriate techniques in various business situations and utilizes selected software for business forecasting.

EC 631 Market Structure and Firm Strategy     (3 credits)

<p>Pre-Req: GR 522.</p>

This course examines industry organization and the nature of interfirm rivalry within contemporary market environments. It develops microeconomic tools for determining the degree and nature of competition in an industry. The course presents economic models of market structure and firm behavior to explain industry performance. It analyzes market definition using scale economies, merger activity, entry barriers and cartelization. The course investigates strategic firm behavior within well-defined markets. It addresses competitive strategies such as profit maximization, price discrimination, product differentiation and advertising. This course includes a game theoretical approach to demonstrate firm interdependence. It employs a variety of industry case studies to provide institutional context to the analytical issues.

EC 655 The Economics of Globalization     (3 credits)

<p>Pre-Req: GR 522.</p>

To be successful in business, it is necessary to understand the impact of global events. For instance, faster economic growth in China leads to higher oil consumption, which causes world oil prices to rise, which can result in inflationary pressures in the United States that would cause the Federal Reserve to raise interest rates, which increases the cost of your loans. The goal of this course is to have students gain knowledge about current issues and to acquire the skills necessary to make these connections. Some of the topics covered in the course include: trade disputes, the expansion of free trade, the euro, China/India and financial crises in developing countries. This course will utilize readings from well-known economists, along with sources such as The Economist. In addition to the midterm and final exams, students will write a paper about an international issue of interest to them. Exams will be mostly essays, as the focus is on being able to analyze and discuss issues.

EC 700 Directed Study in Economics     (3 credits)

A Directed Study is designed for highly qualified students who, under the direction of a member of the sponsoring academic department, engage in an agreed-upon in-depth independent examination, investigation or analysis of a specialized topic.

EC 701 Internship in Business Economics     (3 credits)

This course affords students the opportunity to enhance self-realization and direction by integrating classroom study with experience in vocational learning situations. It requires development of a study plan to identify students' professional goals and to demonstrate how these goals can be enhanced through an internship experience. The course includes regular meetings in which students discuss issues and business problems related to their work experience, and defend proposed solutions before fellow students and the internship coordinator.

EC 799 Experimental Course in EC     (3 credits)

Experimental courses explore curriculum development, with specific content intended for evolution into a permanent course. Topics may be offered twice before it becomes a permanent course. Students may repeat experimental courses with a different topic for credit.