Business Administration
(Financial Economics) Requirements

ECON 230, PRINCIPLES OF MICROECONOMICS, 3 credits.
This course is an introduction to the content and methods of economic theory, emphasizing the study of individual markets, the price system, production and cost theory, and market structures. Prerequisite: MATH 101.

ECON 240, PRINCIPLES OF MACROECONOMICS, 3 credits
This is the second part of the principles course and deals with the economy as a whole. It introduces National Income accounting, national output determination, inflation, unemployment, business cycles, economic policy formulation, and some issues affecting the U.S. economy and its interrelation with other economies. Prerequisites: Pre-calculus mathematics.

ECON 330, MANAGERIAL ECONOMICS, 3 credits
This course is concerned with MICROECONOMICS and attempts to bridge the gap between economic theory and practice. It draws heavily from various disciplines, including mathematics, statistics, operations management, micro and macro theory, decision theory, and other social science areas. It integrates concepts and methods from all these areas to bear on managerial problems. Students will learn how to use a statistical computer program to carry out data management and analysis in the context of practical business problems. Prerequisites: ECON 230, MATH 110, and BAD 260.

ECON 340, MACROECONOMIC ANALYSIS, 3 credits
This course presents a more detailed analysis of relevant macroeconomic theories and issues. It acquaints students with problems, models, and policies related to the overall performance of the economy. It uses case studies and data to bring a higher level of realism to the topics covered in class. It provides students with a better understanding of how macroeconomic models are formulated and the effect of macroeconomic issues on their everyday life, as well as on the performance of business firms and public institutions. Prerequisites: ECON 240 and BAD 200.

ECON 350, INTERNATIONAL ECONOMICS, 3 credits
This course is aimed at acquainting students with international economic issues and the analytical tools needed to begin to understand international trade and global monetary arrangements. It can be divided into two main sections. The first one deals with international trade and trade policy, and the second one considers balance of payment and exchange rate issues. Prerequisites: ECON 230 and ECON 240.

ECON 370, INTRODUCTION TO ECONOMETRICS, 3 credits
This course deals with the application of statistical methods to economics. It teaches students how to estimate economic relationships, forecast the behavior of economic variables, and carry out hypothesis testing. It is designed to prepare students for further studies and to familiarize them with the basic methodology of empirical research. Students are given hands-on experience on computers and are expected to gain proficiency in the use of specific statistical software. Prerequisites: ECON 230, ECON 240, BAD 200 and BAD 260.

ECON 400, TOPICS IN ECONOMICS, 1-3 credits
This course allows students to focus on a particular topic in economics on an independent study basis, and permits the instructor to introduce unconventional topics and emerging issues in economics that cannot be adequately treated in regular courses. Course may be repeated for up to a maximum of 8 credits. Prerequisite: ECON 330 or 340.

ECON 450, ECONOMICS OF DEVELOPMENT, 3 credits
This course overviews the performance, history, and main characteristics of less developed economies in Asia, Africa, and Latin America. It explores the meaning of development and the leading approaches to the study of economic development. Particular issues to be addressed include poverty, economic growth, income distribution, population growth, urbanization and rural migration, agricultural modernization, industrialization, trade patterns, and economic dependency. Prerequisites: ECON 230 and ECON 240.