Course Descriptions for the Finance and Economics Department

Economics  
List of all courses and their descriptions
List of all courses, their descriptions and offerings in the schedule book

ECON1010 - Survey Of Economics Summer 2013 Survey of Economics is an introductory survey of the major elements of economics. Students will learn to apply economic analysis to understand macroeconomic and microeconomic issues. Among the topics covered are the operation of markets, fiscal and monetary policies, and international economics. This one semester course fulfills the Economics component of the Robert Morris University Core. (Students in some programs are required to take alternative courses to fulfill the requirement. For example, this course is not open to B.S.B.A. students.)3 credits 3 Credits

ECON1020 - Principles Of Macroeconomics Summer 2013 This course is an introduction of fundamental economic facts and concepts and basic economic institutions. Students study organization of the American economy, government finance and taxation, national income accounting, business cycles, the banking system and deposit creation, and monetary and fiscal policy. Software proficiency in spreadsheet is required. Prerequisite: MATH1010 or MATH1050 3 Credits

ECON1030 - Principles Of Microeconomics Summer 2013 This course stresses the analysis of microeconomic concepts. The course emphasizes the determination of price by supply and demand, demand and utility, cost and supply, equilibrium of the firm, market structures, pricing of productive factors, and international trade and finance. Prerequisite: MATH1010 or MATH1050 3 Credits

ECON3020 - Intermediate Macroeconomics Summer 2013 This course is designed to deal with concepts of national income accounting and theories of aggregate economic behavior. Relationships among income, employment, and the price level are studied. Attention is also given to counter-cyclical and other public policy measures. Prerequisites: (ECON1020 and ECON1030) or ECON1010 3 Credits

ECON3030 - Intermediate Microeconomics Summer 2013 This course has been designed as an inquiry into the decision-making processes of consumers and firms. Such material, while being based upon theoretical reasoning, is of particular relevance for students majoring in marketing and business administration. The course explores the behavior of various market structures, such as perfect and imperfect competition. Prerequisite: (ECON1020 and ECON1030) or ECON1010 3 Credits

ECON3050 - Free Market Economics Summer 2013 This course deals with the concept of a free market economy and how a model of economic freedom and limited government is related to political liberty and economic efficiency. Major topics include a study of economics of socialism and capitalism, the "invisible hand" in capitalism, the "fatal conceit" in socialism, the utopian models of laissez-faire capitalism and egalitarian Marxism, and the economic goals of growth, freedom, equity, full employment, price stability, and efficiency. Prerequisites: (ECON1020 and ECON1030) or ECON1010 3 Credits

ECON3060 - Environmental Economics Summer 2013 This course is an undergraduate level introduction to the basic principles of environmental economics as they have been developed and as they evolve in the era of sustainability and green business practices. Basic economic concepts and models are adapted to the context of environmental issues. Lectures, discussions, and activities focus on topics such as emission trading programs, green taxes, markets for green goods, valuing health outcomes, the economics of pest resistance, and the idea of charging for solid waste. Prerequisites: [ECON1020 and ECON1030] or ECON1010 3 Credits

ECON3070 - Econ Of Professional Sports Summer 2013 Course description unavailable, please contact Academic Services. Please try again at a later time 3 Credits

ECON3100 - United States Economic History Summer 2013 This course is a survey of the causal factors and institutional adaptations to the growth of production, distribution, and exchange of goods and services in the United States from colonial days to World War II. Special emphasis is put on such factors as technological change, expanded labor and resource usage, education, and investment incentives. Prerequisites: (ECON1020 and ECON1030) or ECON1010 3 Credits

ECON3200 - Labor Economics Summer 2013 This course focuses on how labor markets operate. Course topics include wage theory, unemployment and poverty, the historical development of the labor movement and unions, governmental and employer policies, discrimination, collective bargaining, and the position of labor in alternative and comparative economic systems. Prerequisites: (ECON1020 and ECON1030) or ECON1010 3 Credits

ECON3400 - Money and Banking Summer 2013 This course is an exploration of the underlying economic functions of the important credit and financial institutions. Topics discussed include deposit creation, bank reserves, organization and operation of commercial banks, bank statements, and portfolio policies. Students study the Federal Reserve System, monetary policy, and the relation of banking institutions to Treasury financing and to the United States economic system. Prerequisites: (ECON1020 and ECON1030) or ECON1010 3 Credits

ECON3500 - Introduction To Econometrics Summer 2013 This course emphasizes applying statistical models to economic data. Regression analysis and estimation of economic models are discussed. Topics include violations of the basic assumptions of the regression model, dummy variables, logit and probit, and analysis of variance. Prerequisites: STAT2110 and (ECON1020 and ECON1030) or ECON1010 3 Credits

ECON4200 - Bus Enterprise/Public Policy Summer 2013 This course addresses the legal, political, and economic framework of business-government relationships; regulation and public ownership; and government promotion of competition and policing of market practice. Prerequisites: (ECON1020 and ECON1030) or ECON1010 3 Credits

ECON4500 - International Trade/Finance Summer 2013 This course examines the theory of comparative advantage as the basis for international trade and specialization. The major part of the course is devoted to the international monetary system and covers the foreign exchange market, concepts of balance of payments, mechanisms of balance-of-payment adjustments, and international capital movements. The effects of tariffs, other barriers to trade, and restrictions on foreign exchange movements are analyzed. Prerequisites: (ECON1020 and ECON1030) or ECON1010 3 Credits

ECON4700 - Seminar On Research In Econ Summer 2013 This course develops efficiency and skill in conducting research and communicating the results with written and oral presentations. The rhetoric and methodology of economic research is examined. Particular emphasis is placed on the role of communication skills in economic analysis. Prerequisites: (ECON1020 AND ECON1030) or ECON1010 3 Credits

ECON4913 - Internship/Co-Op Summer 2013 Course description unavailable, please contact Academic Services. Please try again at a later time 3 Credits