For information on business majors in accounting, finance, information systems, international business, management, and marketing, visit the Business Administration site.
Why Study Economics? | The Major | The Minor
Econ Courses | Careers
Economics Course Descriptions:
ECN 110 – The Economic Way of Thinking (3 credits)
An introduction to economics, this course explores a number of historical and current questions from the economic way of thinking. The questions include: Why do some economies grow and others don't? Is America number one? Are wars good or bad for economies? Why are frivolous diamonds more expensive than life-sustaining water? Why is parking a universal problem on college campuses?
ECN 120 – Principles: Markets and Pricing (3 credits)
An overview of the principles and problems associated with production, exchange and consumption of goods and services in market environments. Prerequisite: MTH 019 or approval of the economics faculty.
ECN 121 – Principles: Money and Income (3 credits)
An overview of the principles and problems associated with national income, employment, national economic growth, and international trade. Prerequisite: MTH 019 or approval of the economics faculty.
ECN 210 – Statistics for Business and Economics (3 credits)
An introduction to applied statistics for use in business and economics analysis. The course focuses on collection and organization of data; descriptive statistics; probability and decision-making; sampling, estimation and hypothesis testing; linear regression and correlation; and basic time series analysis.
ECN 220 – Intermediate Price Analysis (3 credits)
An analytical study of the theory of price – of how price is determined in competitive and non-competitive situations – and of how the theory holds up when used to examine business and economic problems. This includes a study of individual and firm behavior, of market structures, and of the analytical tools economists use to approach microeconomic issues. (Prerequisite: ECN 120 or approval of the economics faculty.)
ECN 221 – Intermediate Income Analysis (3 credits)
An analytical study of how national income is measured and determined. This includes a review of important developments in macroeconomic thinking, such as the important features of the classical, Keynesian and monetarist schools. It also emphasizes analysis of intended and unintended consequences of government policy. (Prerequisite: ECN 121 or approval of the economics faculty.)
ECN 308 – International Finance (3 credits; same as FIN 308)
An introduction to international trade and international financial markets. The trade component covers comparative advantage, tariffs, and the benefits and costs of increasingly open global trade. The markets component covers topics on balance of payments, foreign currency markets, hedging with forwards, futures and options, and special considerations for businesses conducting international trade.
ECN 335 – Money and Banking (3 credits)
An introduction to the characteristics and tools of the US Federal Reserve system, its influence on financial markets, institutions and instruments, and its impact on prices and economic output.
ECN 337 – Great Ideas in Economics (3 credits)
A survey of major economic thinkers and their ideas that made a major impact on economic thinking.
ECN 435 – Comparative Economic Systems (3 credits)
A comparison of the defining characteristics of capitalism and socialism, with the aim of better understanding the mixed economies of major industrialized and developing nations. The course includes a survey of important economies in Europe, Asia, and Latin America, as well as special attention to the debate over the efficiency of capitalist and socialist systems in promoting economic growth and in improving living standards.
ECN 436 – Public Finance (3 credits)
A study of the principles and problems associated with government finance and its impact on individuals' and firms' incentives and behavior. This includes an analysis of government revenues and expenditures, and policies concerning government budgets, taxes, debt, subsidies, and transfer programs.
ECN 437 – Labor Economics (3 credits)
A study of the markets and institutions that influence the distribution and utilization of human resources and the levels of wages, salaries and other methods of compensation. This includes a number of special factors, such as labor unions and collective bargaining, political trends, employment legislation, and education.
ECN 450 – Seminar in Applied Economics (3 credits)
The capstone course for economics majors, this seminar provides students with an opportunity to research and analyze economic problems facing individuals, firms or communities. The results of this work will be presented in a formal report and presentation to faculty and, when appropriate, to industry professionals. Economics majors will also use the seminar to complete their resumes and further investigate career opportunities. (Prerequisite: ECN 220 and ECN 221 and approval of the economics faculty.)
ECN 452 – Special Topics in Economics (3 credits)
This course is offered as needed in order to cover special topics or issues not sufficiently covered in other courses. Faculty may periodically initiate the course, but students should feel free to suggest topic ideas, too.
ECN 455 – Independent Study in Economics (1 to 3 credits)
For students, as approved by faculty, who wish to pursue independent research, analysis and writing on a special topic or issue in economics. A major research paper, or economic analysis report, is required.
ECN 490 – Internship in Economics (3 to 9 credits)
Students may earn credit for appropriately structured work during fall or winter semesters, or during summer breaks. Credit for an internship must be approved in advance by the faculty, and only 3 approved credits of internship may count toward the major.

Why Study Economics? | The Major | The Minor
Econ Courses | Careers

E-mail Professor Robert E. Schenk
E-mail Professor Michael J Oakes

For questions or additional information for economics, history, international studies or political science, please contact Professor Peter Watkins, Department Chair.

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