604 E. College Ave. . North Manchester, Indiana 46962 . 260-982-5000
Faculty

 

 

 

 

Department of Economics
Catalog Course Descriptions
ECON115 Economic Concepts and Ideas 3 hours
An introduction to economics focusing on the economic way of thinking about both private and public issues, with some attention given to the evolution of economic thought in its interdisciplinary context. Will not count toward majors in economics. GE-K1. Spring.

ECON221 Principles of Microeconomics

 3 hours
The principles of economics with emphasis on methodology of economic analysis, supply and demand theory, market theory, resource allocation, public provision of goods, and the economic discussion of environmental quality and resource use. GE-K1. Fall and spring.
ECON222 Principles of Macroeconomics 3 hours

Continued study in the principles of economics with emphasis on national income analysis, national problems of unemployment and inflation, banking, fiscal and monetary policies, and international economics. This course will discuss the choices society must make within the economic framework. Fall and spring.

ECON303 Environmental Economics 3 hours
The microeconomic foundations of environmental issues. Natural resource economics will be covered first, focusing on sustainability of renewable and non-renewable resources, recyclable resources, and energy. The focus will then turn to analysis of environmental policy, including pollution regulation and greenhouse gas emission restrictions. Prerequisite: ECON221 or consent of instructor. Fall, odd years.
ECON310 Money and Banking 3 hours

Analyzes money and financial institutions and their roles in the economic system. Discusses the Federal Reserve System and the commercial banking system, the historical role of money in a society, and the vital relationship between money, interest rates, price and output. Prerequisite: ECON222 or consent of instructor. Fall.

ECON320 The Economics of Race, Gender and Class 3 hours
An introduction to differences in economic outcomes as a result of group (race/gender/class) membership. Economic inequality from an environment of unequal power, participation rules, and access to resources is explored. Topics include premarket discrimination, leisure-labor and household decisions, market discrimination, forms of oppression, race/gender/class bias (past and present), social change and public policy. GE-L. January.
ECON325 International Finance 3 hours

This course focuses on the financial transactions of the international economy. Topics include the balance of payments, exchange rate determination, international capital markets, monetary integration, fixed and flexible exchange rates, international macroeconomics and the international monetary system. Prerequisite: ECON222, or consent of instructor.
ECON326 International Trade 3 hours
This course focuses on the patterns of specialization and trade. Topics include the study of various trade models (inter-industry trade), increasing returns and imperfect competition (intra-industry trade), trade restrictions, trade policy, factor movements, economic integration, and models of economic geography. Prerequisite: Econ 221, or consent of instructor
ECON328 Economic Development 3 hours

An introduction to the economic experiences of the developing countries of Asia, Africa, and Latin America. Topics include theories of development and the issues of population growth, poverty, income inequality, external dependence and debt, governmental inefficiencies, environmental erosion, the agricultural sector, and trade policy. GE-M2.
ECON331 Intermediate Microeconomic Theory 3 hours

An in-depth study of the price-output allocations in the market economy. Topics include consumer theory, market structures and pricing theory, allocation models and related topics. Prerequisite: ECON221 and MATH120, or consent of instructor. Fall, even years.

ECON332 Intermediate Macroeconomic Theory 3 hours

A study of theory of income determination for an economy. National income analysis, consumption, and investment theory, and related topics are included. Prerequisite: ECON222 and MATH120, or consent of instructor. Spring, even years.

ECON341 Economic History 3 hours
This course focuses on the development of economics systems throughout history from the perspective of significant historical events and figures. GE - W.
ECON350 Econometrics 3 hours

Research project design in economics using regression techniques to analyze data in light of economic theory. Concepts covered include simple and multiple linear regression, problems in regression, including heteroskedasticity, multicollinearity and autocorrelation. More advanced techniques such as maximum likelihood estimation and simultaneous equation techniques. GE - W. Prerequisite: ECON221, MATH120 , MATH210 or MATH240, or consent of instructor. Spring, even years.

ECON375 Internship in Economics 3 hours
This course provides academic credit for a supervised professional experience in a field related to economics. The student, faculty advisor and professional supervisor provide evaluation. See the department chair for information and an application. Prerequisite: Junior or senior standing in the department and written approval from the department chair.
ECON411 Labor Economics 3 hours
A study of the labor resource, its allocation and resulting impact on the economy. Market pricing and allocation of the labor resource, labor unions and their role in the economy, the government's role in the labor market, and related topics are included. Prerequisite: ECON221, or consent of the instructor. Fall, odd years.
ECON416 Public Finance 3 hours

Analyzes federal, state, and local tax policies and their implications on consumers. Discusses government spending, and the role the debt and deficit play in the economy. Topics include welfare and other government spending programs, and analysis of public choice in decisionmaking. Prerequisite: ECON221 or consent of instructor. Spring, odd years.

ECON380 or ECON480 Special Problems 3 hours
A student who has demonstrated ability to work independently may propose a course and pursue it with a qualified and willing professor. The department chair and vice president and dean of academic affairs must also approve. A set of guidelines can be secured from the Office of the Registrar.
ECON385 or ECON485 Seminar 3 hours

An in-depth consideration of a significant scholarly problem or issue. Students pursue a supervised, independent inquiry on an aspect of the topic and exchange results through reports and discussions.

ECON499 Senior Research Seminar 3 hours
Conduct an extensive research project grounded in economic theory and utilizing econometric methodologies. The student will work under the close supervision of a faculty member. Prerequisite: ECON350 and senior standing in the department, or consent of instructor. Spring, odd years.