ECO 1231        Principles of Economics (3 Credits)

Economic way of thinking: scarcity and opportunity costs; basic tools in economics such as demand-supply model; economic data and measurements: gross domestic product, consumer price index; school of economic thoughts

 

ECO 1251        Statistics for Economists (4 Credits)

Application of probability and statistic theory on economic data such as random variables, probability distributions, descriptive statistics, confidence intervals and hypothesis testing, properties of estimators

 

ECO 1252        Calculus I (3 Credits)

Function, limits, continuity, differentiation, integration, numerical computation, formula for interval approximation, differentiation and line integration, surface integration and volume integration, infinite series, Fourier series and integrals.

 

ECO 1253        Calculus II (3 Credits)

Calculus in space vectors, matrices and determinants, linear analytic geometry, differential calculus of multivariable function, vector analysis, linear integrals, surface integral and volume integrals. Prerequisite: ECO 1252 Calculus I

 

ECO 2531        Principles of Microeconomics (4 Credits)

Allocation of scarce resources in market economies, theory of consumption and production, demand, supply, market equilibrium, production, cost, roles of firms in various market structures, externalities and efficiencies. Prerequisite: ECO 1231 Principles of Economics

 

ECO 2541        Principles of Macroeconomics (4 Credits)

Measurement and determination of income and output, inflation, unemployment and economic growth, money supply, banking system and the central bank, government spending, taxation and deficits, and international trade, exchange rates. Prerequisite: ECO 1231 Principles of Economics

 

ECO 2551        Introduction to Econometrics (3 Credits)

Introduction to empirical analysis in economics, such as estimating economic relationships, analyzing economic data, building economic models, regression diagnostics and remedy. Prerequisite: ECO 1251 Statistics for Economists

 

ECO 2561        Economy, Society and Government (3 Credits)

Interrelation between economy, society and government, influence of the government policies, and the range of government policies’ impacts on both society and economy. Prerequisite: ECO 1231 Principles of Economics

 

ECO 2631        Intermediate Microeconomics (3 Credits)

Theory of consumer choice: analysis of consumer preference and utility maximization, Theory of production: production maximization, cost minimization and factor demands, analysis of general equilibrium and welfare economics. Prerequisite: ECO 2531 Principles of Microeconomics

 

ECO 2641        Intermediate Macroeconomics (3 Credits)

Modern macroeconomic theories such as Solow and Endogenous Growth Models, Keynesian Model, IS-LM Model, and AD-AS Model including Philips Curve and also illustrates implications of these theories on fiscal and monetary policies. Prerequisite: ECO 2541 Principles of Macroeconomics

 

ECO 2661        Managerial Economics (3 Credits)

Demand analysis, production and cost analysis, profit maximization, market structure, pricing practices. Prerequisite: ECO 2531 Principles of Microeconomics

 

ECO 3251        Business Economics Writing (3 Credits)

Professional English writing skills in the field of economic research and business such as writing summary, writing critique, writing data comment, writing business report. Prerequisite: BG 2001 English IV

 

ECO 3252        Information Literacy Skills (3 Credits)

Information collecting and analyzing process in a research, including methods for locating and evaluating sources of literature and data, techniques to create effective searching strategies and commonly used methods to analyze literature and data. Prerequisite: BG 2000 English III

           

ECO 3731        International Trade (3 Credits)

Theories and policies of international trade, neoclassical trade theory and modern trade theory, absolute advantage versus comparative advantage, H-O Model, Standard Trade Model, Inter- and Intra- Industry Trade, instruments of trade policies, trade policies and strategies in both developing countries and advanced countries, and economic integration. Prerequisite: ECO 2531 Principles of Microeconomics

 

ECO 3732        Industrial Organization (3 Credits)

Structure-conduct-performance framework, price theory, competition theory, market structures, differentiated products, and various government policies. Prerequisite: ECO 2631 Intermediate Economics OR ECO 2661 Managerial Microeconomics

 

ECO 3733        Economics of Human Resources        (3 Credits)

Introduction to the theory and practice of labor economics, determinants of wage rates and employment levels in labor market, contemporary labor policy issues, traditional model of labor demand and labor supply, marginal productivity theory, development of human resources, human capital theory and labor relation. Prerequisites: ECO 2631 Intermediate Microeconomics (OR ECO 2661 Managerial Economics) AND ECO 2551 Introduction to Econometrics

 

ECO 3734        Agricultural Economics and Agri-business (3 Credits)

Economic theory of agricultural sector, nature of supply, demand and production in agricultural products, market and price risks, market and industry structures, role of the financial market and future exchange in agricultural products, competitive strategy in the world market, and government intervention in agricultural sector. Prerequisites: ECO 2631 Intermediate Microeconomics (OR ECO 2661 Managerial Economics) AND ECO 2551 Introductory Econometrics

 

ECO 3735        Public Economics (3 Credits)

Economic analysis of public policy issues, development of up-to-date analytical tools and their application to key policy issues relating to the spending, taxing and financing activities of government. Prerequisite: ECO 2631 Intermediate Microeconomics (OR ECO 2661 Managerial Economics) AND ECO 2551 Introductory Econometrics

 

ECO 3741        Monetary Economics (3 Credits)

Analysis of the role of money in the economy, theory of money, importance of the central bank and the role of monetary policy in stabilizing the economy as well as the economic crisis models. Prerequisite: ECO 2641 Intermediate Macroeconomics

 

ECO 3751        Business Cycle and Forecasting (3 Credits)

Statistical analysis of business cycle fluctuation, use of econometric and statistical techniques in business environment forecasting. Prerequisites: ECO 2551 Introduction to Econometrics AND ECO 2641 Intermediate Macroeconomics

 

ECO 3771        Advanced Microeconomics (3 Credits)

Uncertainty, expected utility and risk aversion, adverse selection, moral hazard, Intertemporal decision making, static game, sequential game, Nash and subgame perfect equilibrium, pure and mixed strategies, repeated games. Prerequisite: ECO 2631 Intermediate Microeconomics AND ECO 3773 Mathematical Economics

 

ECO 3772        Intermediate Econometrics (3 Credits)

Introduction to econometric theory: method of least squares, finite sample and asymptotic properties of least squares estimators, validity of least squares estimators, other regression techniques. Prerequisites: ECO 2551 Introduction to Econometrics AND ECO 3773 Mathematical Economics

 

ECO 3773        Mathematical Economics (3 Credits)

Introduction to the mathematical methods most commonly used in analyzing economic problems such as functions, linear and matrix algebra, unconstrained optimization and constrained optimization. Prerequisites: MA 1200 Mathematics for Business AND ECO 1253 Calculus II

 

ECO 4551        History of Economic Thoughts (3 Credits)

Economic thoughts of various well known economists; Adam Smith, David Ricardo, Thomas Malthus, John Stuart Mill, Karl Marx, Alfred Marshall, Edgeworth Francis, Leon Walras, and Cournot Augustin, and social welfare and political debates. Prerequisites: ECO 2631 Intermediate Microeconomics (OR ECO 2661 Managerial Economics) AND ECO 2641 Intermediate Macroeconomics

 

ECO 4731        Economics of Sustainability (3 Credits)

Theoretical analysis with discussions on specific environmental policies as applied to water, air pollution, energy, climate change and human health issues, including the evaluation of environmental assets and choices of policy instruments, and the benefits and costs for intervention. Prerequisites: ECO 2631 Intermediate Microeconomics (OR ECO 2661 Managerial Microeconomics) AND ECO 2551 Introduction to Econometrics

 

ECO 4741        International Finance (3 Credits)

International monetary theory, macroeconomics in open economy, balance of payments, foreign exchange market, exchange rate systems, theories of exchange rate determination, international financial markets and instruments, international macroeconomic policies. Prerequisite: ECO 3741 Monetary Economics

 

ECO 4751        Financial Economics (3 Credits)

Fundamentals of modern financial theory and their applications to the corporate and financial market such as capital budgeting, project evaluation, corporate investment and financing decisions, basic security analysis and investment management. Prerequisites: ECO 3741 Monetary Economics AND ECO 3773 Mathematical Economics

 

ECO 4761        Economics of Strategy (3 Credits)

Vertical integration, diversification, mergers and acquisition, outsourcing, game theory, pricing rivalry, strategic commitment, asymmetric information, strategic positioning and dynamics of competitive advantage. Prerequisite: ECO 2631 Intermediate Microeconomics OR ECO 2661 Managerial Economics

  

ECO 4961        Managerial Economic Research (3 Credits)

Development of analytical and research skills to investigate and provide recommendation on economics and business issues. Skills include literature review, data analysis, and report writing. Prerequisites: MGT 3940 Business Research Methodology AND Senior Standing with 121 Credits

 

ECO 4971        Quantitative Economic Research (3 Credits)

Research methodology which includes review of past economic research, economic research topic development, literature review, data collection and analysis, as well as development of student's research proposal. Prerequisites: ECO 3772 Intermediate Econometrics AND Senior Standing with 121 Credits

 

ECO 4972        Independent Study (3 Credits)

Implementation of the research proposal developed in ECO 4971, and presentation of the research result. Prerequisite: ECO 4971 Quantitative Economic Research

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