Economics (ECO)

ECO-100. Consumer Economics. (3 Credits)

Personal financial management is explored, including financial planning, budgeting, banking, borrowing, credit, taxes, home ownership, renting, life insurance, health and income insurance, estate planning, and consumer protection. (3 contact hours)

ECO-101. Principles of Macro-Economics. (3 Credits)

Examines basic economic concepts, including unemployment, inflation, production, and fiscal and monetary policy. Completion of two years of high school math including algebra, or MTH-098, is strongly recommended. (3 contact hours)

ECO-102. Principles of Micro-Economics. (3 Credits)

Studies supply and demand analysis, basic concepts of cost and revenue under various market conditions, income distribution and international trade. Completion of two years of high school math including algebra, or MTH-098, is strongly recommended. (3 contact hours)

ECO-103. International Economics. (3 Credits)

This course includes a brief historical account of United States international trade policies and their continued influence on the economy. The course will examine trading among sensitive model nations such as Middle Eastern, Asian, and European markets and the challenges they face concerning population growth, utilization of resources, international money markets, and sustainable global economic growth. The course will cover the roles of the World Bank and the International Monetary Fund, and their influence on the global economy. Completion of two years of high school math including algebra, or MTH-120, is strongly recommended. (3 contact hours)

ECO-250. Comparative Economics. (3 Credits)

Develop an appreciation and understanding for the philosophies and precepts on which world economic systems are based. Classical economic philosophies are reviewed, and elements of national economics are studied. Discuss various methods and levels of analysis for application purposes. Special focus is given to central European nations. This course is for students who will study at Salzburg College, Austria, and who meet certain academic requirements. (3 contact hours)