Courses

Code Course Credits

ECO 110

The Economics of eBay (First-Year Seminar)

Offered: Fall Semester

Why do some items sell for such ridiculously high prices at auctions of reputable establishments such as Christie's, Bonham's, Sotheby's or even eBay? Has it ever occurred to you why the owners of a house listed for $1.5 million last year cannot get 1/3 of that price this year? In this class we will examine the way consumers and businesses think and behave as rational entities.

Prerequisite(s): Open to First-Year Students only.
Fulfills the First-Year Seminar and Social Scientific Inquiry Requirements.

4

ECO 111

The Undercover Economist (First-Year Seminar)

Offered: Fall Semester

Economics is the study of how to get the most out of life and to help others to do so as well. Your mission, if you choose to accept it, is to develop your economic lens, seek out various mysteries that surround us, and discover both the seen and unseen.

Prerequisite(s): Open to First-Year Students only.
Fulfills the First-Year Seminar and Social Scientific Inquiry Requirements.

4

ECO 112

Humans Behaving Badly: Economic Perspectives (First-Year Seminar)

Offered: Fall Semester (Not Offered 2014-2015)

This course blends behavioral economics and microeconomics, covering traditional topics: why markets work (or don't), the societal benefits of active competition, the controversy behind free trade, why some pollution is a good thing; and other important questions: why companies use coupons rather than low prices, why retailers increasingly use "free" in their advertising, and why the US organ donation system causes unnecessary deaths.

Prerequisite(s): Open to First-Year Students only.
Fulfills the First-Year Seminar and Social Scientific Inquiry Requirements.

4

ECO 120

Financial Intelligence (First-Year Seminar)

Offered: Spring Semester (Not Offered 2014-2015)

In this course students will learn how to use Bloomberg as a tool to access economic and financial indicators to make economic decisions that impact individuals, businesses, and, on a larger scale, governments.

Prerequisite(s): Open to First-Year Students only.
Fulfills the First-Year Seminar and Social Scientific Inquiry Requirements.

4

ECO 121

Zombie Economics: Views from Dead Economists (First-Year Seminar)

Offered: Spring Semester (Not Offered 2014-2015)

In this role-playing course, students will immerse themselves in the character of a well-known, dead economist and engage in the great debates in macroeconomics: what determines value, what is the role of government, etc. Students will come to know where historical figures stand on the controversial issues in economic thought.

Prerequisite(s): Open to First-Year Students only.
Fulfills the First-Year Seminar and Social Scientific Inquiry Requirements.

4

ECO 176

Microeconomic Principles

Offered: Fall and Spring Semesters

Economic analysis of product and resource markets. The consumption behavior of households, the price and output decisions of firms under various forms of market structure, the distribution of income.

Fulfills the Social Scientific Inquiry requirement.

3

ECO 178

Macroeconomic Principles

Offered: Fall and Spring Semesters

Descriptive, historical and theoretical treatment of the overall level of economic activity, prices and employment within the framework of American capitalism. Contributions of Smith, Ricardo, Keynes, and others.

Prerequisite(s): ECO 176 or the First-Year Seminar equivalent.
Fulfills the Social Scientific Inquiry requirement.

3

ECO 205

Economics of Social Issues and Public Policy

Offered: Fall Semester

Economic analysis of issues often neglected in traditional economics courses, emphasizing policies that may alleviate social problems. Topics include healthcare, education, crime, substance abuse, cigarette smoking, gambling, housing, and family issues.

Prerequisite(s): ECO 176 or the First-Year Seminar equivalent.
Course may be applied to the American Studies program.

3

ECO 206

United States Economic History

Offered: Alternate Years: Fall Semester 2015, 2017

Basic economic analysis is used to study important aspects of the economic history of the United States. Concentration is on the period from 1830 to 1945, when the U.S. became a major industrial power. Emphasized are the development of big business, the effect of race and gender on markets, opportunities and incomes, and government policy.

Not open to first semester students.Course may be applied to the American Studies program.

3

ECO 211

Economics of Labor Unions

Offered: Spring Semester (Not Offered 2014-2015)

Examines the historical and current role of organized labor in the U.S. and its impact on employment, wages, prices, and trade. Additional topics include collective bargaining, labor market discrimination, and the globalization of production.

Prerequisite(s): ECO 176and ECO 178or their corresponding First-Year Seminar equivalents.
Course may be applied to the American Studies program.

3

ECO 217

Economic History of the 20th Century American Family

Offered: Not Offered 2014-2015

The course traces the socioeconomic progress of a variety of American families over the century. Changes in real income, employment conditions, labor force participation, education, residence, and family life are examined within the context of larger economic, political, and social events such as immigration, war, depression, the labor movement, civil rights, and women's rights.

Prerequisite(s): ECO 176and ECO 178or their corresponding First-Year Seminar equivalents.
Course may be applied to the American Studies program.

3

ECO 219

History of World Economic Development

Offered: Alternate Years: Fall 2014 and 2016

The world has experienced an extraordinary but unevenly distributed increase in material living standards over the last 250 years. This course examines major developments, issues, and controversies related to long run economic development and change. Themes include the causes of technological leadership, the connection between technological change and business structure, and the spread of industry.

Course may be applied to the Middle Eastern Studies minor and Anthropology minor; consultation with instructor and program director required.

3

ECO 230

Development Economics

Offered: Spring Semester (to be offered Spring 2016)

Why are some countries rich and others poor? What can be done to improve living standards for the over 2 billion people living on less than $2 a day? Students will study major questions and theories of economic development, and controversies over appropriate policies and programs. Topics include poverty and inequality, education, health, foreign aid and others.

Prerequisite(s): ECO 176and ECO 178(or their corresponding First-Year Seminar equivalents)

3

ECO 241

Economic Statistics

Offered: Fall Semester

Descriptive statistics; probability; probability distributions; expected values; the binomial distribution; the normal distribution; sampling and sampling distributions; statistical inference – estimation and hypothesis testing; index numbers.

Fulfills the General Education Statistical Reasoning requirement.

3

ECO 242

Econometrics

Offered: Spring Semester

Is secondary smoke harmful? Learn econometrics to appropriately answer questions like this. The theory and application of multivariate regression analysis. We concentrate on problems of estimation and hypothesis testing of the direction and magnitude of possible causal relationships among variables. We use STATA econometrics software.

Prerequisite(s): ECO 176and ECO 178(or their corresponding First-Year Seminar equivalents)and completion of any statistical reasoning course.
Fulfills the general education Writing-in-the-Disciplines requirement.

4

ECO 244

The Economics of Sports

Offered: Spring Semester

The course analyzes the industry of sports, particularly professional and big-time college sports, using and developing tools of economic analysis, mainly microeconomics. Topics include the salary structure of professional team sports and the effects of free agency; the factors affecting sports attendance; the value of sports programming to broadcasters and the effect of television revenue; issues in college sports like conference realignment, television contracts, and eligibility rules; the economic effects of professional sports franchises and stadia; and factors affecting competitive balance.

Prerequisite(s): ECO 176and ECO 178(or their corresponding First-Year Seminar equivalents) and completion of any Statistical Reasoning course.
Course may be applied to the American Studies program.

3

ECO 246

Forensic Economics

Offered: Fall Semester

Forensic Economics is the study of the contributions made by economists in providing expert opinions related to the measurement of economic damages in a vast array of legal dilemmas and circumstances. Such circumstances include the wrongful death associated with medical malpractice, discrimination and wrongful termination, catastrophic personal injuries, and others. This course provides students with an opportunity to “do economics” by incorporating active learning techniques associated with the functions of the forensic economist.

Prerequisite(s): ECO 176 and ECO 178 (or their corresponding First-Year Seminar equivalents), and completion of any Statistical Reasoning course. Familiarity with spreadsheet software (such as Excel) is also strongly recommended.

3

ECO 301

Intermediate Microeconomics

Offered: Fall Semester (and occasional Spring semesters, not Spring of 2015)

Theory of consumer behavior, the firm, product and factor markets, with emphasis on application of theory to real world problems.

Prerequisite(s): ECO 176and ECO 178(or their corresponding First-Year Seminar equivalents.)

3

ECO 303

Intermediate Macroeconomics

Offered: Fall and Spring Semesters

Theory of income, employment, and output; economic fluctuations, inflation, interest rates, growth, and stabilization policy.

Prerequisite(s): ECO 176and ECO 178(or their corresponding First-Year Seminar equivalents.)

3

ECO 305

Public Sector Economics

Offered: Fall Semester

Theoretical and empirical microeconomic analysis of government policy with respect to the efficient allocation of resources and the equitable distribution of income. Learn how appropriately chosen government policy enhances (rather than hinders) efficiency and equity in our society.

Prerequisite(s): ECO 176 and ECO 178 (or their corresponding First-Year Seminar equivalents.)
Course may be applied to the American Studies program.

3

ECO 309

Money and Banking

Offered: Fall Semester

Analysis of the operation of financial markets and financial institutions focusing on financial intermediaries including commercial banks, investment banks and the central bank. Examines the structure and performance of the bond and stock markets, derivatives, and other financial instruments. Extensive use current market information prepares students with the real-world knowledge and experience necessary for careers in the financial world.

Prerequisite(s): ECO 176and ECO 178(or their corresponding First-Year Seminar equivalents.)
Course may be applied to the American Studies program.

3

ECO 311

International Economics

Offered: Spring Semester

This course covers the major themes of the theory of international trade. The gains from trade, tariff and non-tariff barriers to trade, the theories of international trade such as the theory of absolute and comparative advantage and the Heckscher-Ohlin theory will be studied. The justifications for trade protection, its effects on the economy, historical and contemporary U.S. trade policy and the economics of regional trade agreements will also be discussed.

Prerequisite(s): ECO 176and ECO 178(or their corresponding First-Year Seminar equivalents.)
Course may be applied to the Asian Studies minor and Middle Eastern Studies minor.

3

ECO 316

Markets and Morality

Offered: Spring Semester

Voluntary exchange through a market process enables individuals to coordinate the complicated but vital task of producing and distributing goods and services. Though market activities often generate socially beneficial outcomes, markets appear to lack a moral end or purpose. Using Papal Encyclicals, we will investigate how the Catholic Church has struggled with the morality of voluntary exchange through markets.

Prerequisite(s): ECO 176or First-Year Seminar equivalent (ECO 110, ECO 111, or ECO 112)
Fulfills the Catholic Intellectual Traditions and Moral Inquiry requirements.

3

ECO 317

Economics and the Law

Offered: Fall Semester

Focus on how an understanding of the law is furthered by an awareness of the economic background against which it operates. The course draws from economic principles developing concepts such as efficiency, property rights, regulation and income distribution. Applications of these ideas include crime, discrimination, health, the environment, professional sports, gun control, and the legal services industry.

Prerequisite(s): ECO 176and ECO 178(or their corresponding First-Year Seminar equivalents.)

3

ECO 319

Urban and Regional Economics

Offered: Spring Semester

Economic analysis of urban and regional dynamics, especially changing population and business location factors. Examines the problems of modern cities, e.g., housing, transportation, education, crime, and the cost of providing municipal services.

Prerequisite(s): ECO 176or First-Year Seminar equivalent.
Course may be applied to the American Studies program.

3

ECO 321

Economics of Healthcare

Offered: Spring Semester

Economic analysis of healthcare delivery markets, physician and nurse shortages, insurance industry distortions, models of hospital behavior, demand and supply considerations, impact of market failure.

Prerequisite(s): ECO 176or First-Year Seminar equivalent.

3

ECO 323

Labor Economics and Manpower Policy

Offered: Not Offered 2014-2015

Economic analysis of labor markets, supply and demand considerations, labor force participation, wage determination models, discrimination theories, unemployment, manpower planning programs, and other public policies.

Prerequisite(s): ECO 176and ECO 178(or their corresponding First-Year Seminar equivalents.)
Course may be applied to the American Studies program.

3

ECO 327

Environmental Economics

Offered: Not Offered 2014-2015

Topics in natural resource and energy economics and environmental regulation, include the allocation, development, conservation, and scarcity of natural resources. We study pollution control through taxes, quotas and standards using cost-benefit models as a policy guide. Types of energy resources, substitutability, conversion and the relevance of energy to economic growth is discussed.

Prerequisite(s): ECO 176or the First-Year Seminar equivalent.

3

ECO 329

Industrial Organization

Offered: Spring Semester

Analysis of industries with varying degrees of monopoly power and influence: monopolies, cartels, oligopolies, monopolistic competition, and dominant firms. Firm strategies and likely outcomes, under both collusive arrangements and competitive pressures. Policy implications like antitrust and regulation. Effects of asymmetrically held information -how parties with information try to use it, those lacking information respond.

Prerequisite(s): ECO 176and ECO 178(or their corresponding First-Year Seminar equivalents), and one Statistical Reasoning course.

3

ECO 343

International Finance

Offered: Not Offered 2014-2015

Different aspects of the international financial markets, international trade, and balance of payments are studied by using analytical models of an open economy. This course examines the structure and the performance of the foreign exchange market through an extensive use of the Bloomberg technology. Using Bloomberg, students learn the interactions between economic news, global financial markets and exchange rates. Particular emphasis is placed on current issues related to the global financial crisis, international monetary system, the European Union and The European Bank. Other topics include money and financial management for international corporations, interest and commodity arbitrage, spot and forward currency markets. Bloomberg Financial Terminals and Bridge Telerate are used in the course in order to give students a more hands-on knowledge of the international financial markets.

Prerequisite(s): ECO 176and ECO 178or their corresponding First-Year Seminar equivalents.
May not receive credit for both ECO 343 and BUS 425.Course may be applied to the Asian Studies minor and Middle Eastern Studies minor.

3

ECO 401

Portfolio Management

Offered: Spring Semester

This course is for students interested in pursuing careers in the investment world. It provides them with the necessary tools to obtain positions in portfolio management, investment banking, and money management of mutual funds, retirement assets, pension funds, and banks' trusts. Topics include risk/ return strategies, optimal portfolio theory, the Capital Asset Pricing Model, fixed-income portfolio management, options markets, option valuation, and futures and swaps. Bloomberg Financial Terminals and Bridge Telerate are used extensively in the course, as they are in the financial community. This simulates the interaction between markets, and creates a virtual trading investment opportunity. Familiarity with this real-world tool prepares students for the jobs mentioned above.

Prerequisite(s): ECO 309or ECO 303, and consent of the Instructor. May not receive credit for both ECO 401 and BUS 327.

3

ECO 420

Fixed Income Analysis

Offered: Spring Semester

This course covers valuation and portfolio management techniques for fixed income securities. Major topics include: the term of structure or interest rates; the measurement and management of price volatility using duration and immunization; credit risk embedded options and option-adjusted spreads; mortgages and prepayments risk; and international bond portfolios.

Prerequisite(s): ECO 309 or BUS 327.

3

ECO 421

Seminar in Economic Research

Offered: Fall Semester

Students gain experience in reading and doing economic research. Students write a major research paper, provide each other and receive intermediate feedback, and present their research to the department.

Prerequisite(s): Senior Economics major, ECO 241(or equivalent), ECO 301and ECO 303.
Capstone seminar for the Class of 2015 Economics majors.

3

ECO 449

Economics Honors Thesis I

Offered: Offered Periodically

Thesis-writing seniors in the economics Honor Program, consult with a faculty advisor and to begin research for a thesis. This requires a minimum of a well-developed topic, comprehensive review of the literature and evidence that sufficient data is available to conduct empirical work, as demonstrated in writing and through an oral presentation to the economics faculty, Consult "Departmental Honors Program" section for more detail.

Prerequisite(s): Senior Standing, acceptance to the Economics Honors Program, consent of Department Chair.

3

ECO 450

Economics Honors Thesis II

Offered: Spring Semester

Thesis-writing seniors in the Economics Honors Program are required to complete a thesis paper and will make an oral presentation to the economics faculty in accordance with Department's timetable. Consult "Department Honors Program" section for more detail.

Prerequisite(s): ECO 421or ECO 449, Senior Standing, acceptance to the Economics Honors Program, acceptance of proposal developed in ECO 421 or ECO 449, consent of Department Chair.

3

ECO 475

Internship in Economic Research

Offered: Fall and Spring Semesters

Students work at a business, government or not-for profit organization (sponsor) under the supervision of both a faculty member and the sponsor. The field of study and sponsoring organization is specific to the student's interest. In the past, students have worked in a wide variety of fields, including brokerage firms, state and local government agencies, private banks, consulting organizations and policy research institutes. The student's main academic requirement is to successfully complete a detailed paper describing the connection between their internship responsibilities and economic theory and quantitative techniques.

Prerequisite(s): Minimum 3.0 GPA and permission of the Internship Coordinator and Department Chairperson.
Must complete the "U.S. Internship Request for Approval" process found under the myPlans tab in myHill to register for this Internship.

3

ECO 490

Directed Study

Offered: Fall and Spring Semesters

Investigation in some field for which the student has special interest not covered by a normally-scheduled course. Student must present plans in advance of pre-registration to some full-time faculty member who will agree to direct and evaluate the project.

Prerequisite(s): Permission of the faculty member directing the project and the Department Chairperson.

3