Economics (EC) Lower Level - hours
EC 110 - Economics and Society - 3
Economic principles and development of economic analysis. Combines key elements of EC 210 and 211. Primarily intended for majors in School of Education seeking to meet certification requirements; also open to students outside School of Business who wish to survey economics in one course. Not open to entering freshmen; not open to majors in School of Business or economics majors in School of Social and Behavioral Sciences.
EC 210 - Principles of Microeconomics - 3
Theory of production and value, including problems of monopoly, oligopoly, and distribution of income. Not open to entering freshmen. (CORE AREA IV).
EC 211 - Principles of Macroeconomics - 3
Economic analysis and its use in dealing with business and governmental problems. National income, price-level, employment, governmental fiscal policies, and international economics. Not open to entering freshmen. (CORE AREAIV).
EC 301 - Money and Banking - 3
Money supply, banking system, and other financial institutions; how money affects aggregate economic activity.
EC 303 - Labor Economics - 3
Economic analysis in dealing with major aspects of such problems as employment, wages, hours, unionism, labormanagement relations, and social security. Influence of psychological and institutional factors.
EC 304 - Microeconomics - 3
Advanced economic principles underlying value and distribution with additional training in application of these principles to problems of analysis.
EC 305 - Macroeconomics - 3
Forces determining level of income and employment in economic systems, with special reference to United States. Causes and cures of unemployment. Role of government in maintaining high level of employment.
EC 308 - Economics of Environment - 3
Use of economic analysis to examine interaction between economic institutions and physical environment. Specific topics: social costs and benefits of economic growth, interactions between private business and public welfare, and socioeconomic systems and goals.
EC 310 - Managerial Economics - 3
Economic theory and its application to managerial decision making process. Demand analysis, estimation, cost analysis, market analysis, pricing strategy. Prerequisites: EC 210 and EC 211 and QM 214
EC 320 - Behavioral Economics - 3
Incorporation of psychology into models of economic behavior. These models are applied to a variety of fields including industrial organization, marketing, and negotiation. Prerequisites: EC 210
EC 330 - Cooperation and Competition - 3
An introduction to game theory, teaching basic concepts necessary for application to problems in intermediate microeconomics (bargaining, cartels, auctions, incentives, contracts). Mathematics used is either self-contained within the course or restricted to the level of introductory microeconomics. Theory is applied to sample problems from business, politics and social life. An introduction to evolutionary game theory is included. Prerequisites: EC 210
EC 403 - Monetary Economics - 3
Current theories of monetary policy and management, historical development of theory and practice, contemporary policies employed by monetary authorities, institutions concerned, evaluation of policies and reform, and interrelations between monetary factors and economic processes. Prerequisites: EC 304 and (EC 301 or EC 305)
EC 404 - Topics in Public Policy - 3
Topics in Public Policy. Prerequisites: EC 304
EC 405 - Economic Development and Growth - 3
Problems of economic development; growth of less developed economies compared with those of advanced economies. Theories of economic development. Policy measures to promote development of growth, with emphasis on measures to accelerate development of countries. Prerequisites: EC 304
EC 407 - International Economics - 3
Analysis of theoretical principles underlying international trade and investment, and international monetary relations. Study includes the effects on domestic and foreign economies of commercial, monetary and fiscal policies.
EC 408 - Topics in History of Economic Theory - 3
The development of economic thought from antiquity to the end of the twentieth century, with emphasis on the synthesis of evolving ideas constituting current economic theory. Prerequisites: EC 210 and EC 211
EC 409 - Survey of Econometrics - 3
Econometric methods emphasizing mathematical formulation and statistical testing of economic theories. Problems and corrective procedures in single-equation regression estimation, such as multicolinearity, autocorrelation, heteroscedasticity, and lagged variables. Identification, estimation, and applications of simultaneous-equation models. Prerequisites: EC 301 or EC
EC 411 - Public Finance - 3
Principles of taxation, government expenditures, borrowing, and fiscal administration. Prerequisites: EC 304
EC 413 - Urban Economics - 3
Economic issues and structure of metropolitan areas. Economic growth and decay of urban regions. Specific topics: housing, education, employment, political economy, and public safety.
EC 414 - Industrial Organization - 3
Structure and performance of monopolistic and oligopolistic industries, emphasizing efficiency, pricing policies, and investment decisions. Extent and nature of concentration in economy as whole. Prerequisites: EC 304
EC 420 - Applied Forecasting - 3
Practical use of various forecasting techniques on business and economic data. Topics include dynamic regression models, exponential smoothing, forecast criteria, moving averages, seasonality, and univariate Box Jenkins ARIMA modeling.
EC 425 - Applied Regression Analysis - 3
Simple, multi-linear, and polynomial regression analysis. Model selection, inferential procedures, and application with computer.
EC 440 - Economics for Educators - 3
Students will gain an understanding of both basic economic principles and entrepreneurship and learn innovative methods of transferring economic knowledge to elementary and secondary students. Students will also become well-versed in the National and Alabama State standards of learning. Only open to education majors and certified teachers in K-12. This class is not open to economics or business majors.
EC 450 - Economics, Institutions & Law - 3
The course will study the microeconomic and macroeconomic consequences of different institutional environments and arrangements of designed incentives. This will include political, regulatory and legal structures and rules, both as pertain to actual institutions at the macro level (e.g., the Federal Reserve, the IMF, the World Bank) and regulated structures at the micro level (households and firms). The presumed conceptual frameworks will be based on intermediate microeconomics and introductory macroeconomics. Normative justification of institutional designs will be addressed. Prerequisites: EC 211 and EC
EC 460 - Economics Internship - 3
The economics internship program offers qualified students the opportunity to gain first-hand experience in local organizations for a term while receiving academic credit. Participating organizations are expecting to receive high-quality work from the students they sponsor. The active participation by students in actual business decisions of the sponsoring organization is the primary interest of the internship. Prerequisites: EC 210, EC 211, EC 304 and 305, 3.0 Economics GPA and permission of
EC 490 - Advanced Topics in Economics - 3
Selected topics in economics.
EC 491 - Co-op Educational Work Program - 3 to 6