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Economics

Courses

Scroll down to read descriptions of the economics courses offered at Carthage, or click on the following links for additional resources.

  • ECN 1010

    Principles of Microeconomics (SOC)

    4cr
    The rise and expansion of market economies, and the principles of microeconomic behavior. Topics include an introduction to economic methodologies, the ideas and institutions of the microeconomy, consumer behavior, the business firm and market structure, labor and capital markets, and government policies affecting resource allocation and the distribution of income.
    Fall/Spring

  • ECN 1020

    Principles of Macroeconomics (SOC)

    4cr
    An introduction to the principles and issues of the national economy, and the institutions of macroeconomic behavior. Topics include the role of government in a mixed market economy; measuring and determining national income; money and the banking system; and the public policies available for achieving full employment, price stability, and continuing economic growth in modern industrial and democratic societies.
    Prerequisite: None
    Fall/Spring

  • ECN 1030

    Issues in Economics (SOC)

    4cr
    This course offers students an introduction to economics, along with some elementary tools of economic analysis, with emphasis on their application to contemporary problems and issues. The economy and selected issues are examined in their global context. Designed to meet the needs and interests of students in various majors outside of the economics and business administration areas, the course is not open to students who have received credit for either ECN 1010 or ECN 1020.
    Fall

  • ECN 2340

    Applied Statistics for Economics and Management (MTH)

    4cr
    The application of statistics to problems in business and economics, encompassing the gathering, organization, analysis, and presentation of data. Topics include descriptive statistics in tabular and graphical forms, the common measures of central tendency and dispersion, sampling and probability distributions, construction of confidence intervals and hypothesis testing, and correlation analysis. This course is offered as BUS 2340 or ECN 2340.
    Fall/Spring

  • ECN 2510

    Intermediate Microeconomics (SOC)

    4cr
    The economic theory of microeconomic units: consumers, firms, and industries. This entails the study of production, cost, and price theory, and the practices of firms under alternative market structures. Concepts of social welfare will be explored, and the uses and limits of public policy in addressing the problems of market failures will be examined.
    Prerequisite: ECN 1010 or 1030
    Fall

  • ECN 2520

    Intermediate Macroeconomics (SOC)

    4cr
    The economic theory of macroeconomic aggregates: national income accounting; the determinants of output, income, and employment levels; the analysis of inflation; processes of economic growth; and open-economy macroeconomics. Monetary, fiscal, and income policies are examined, and the uses and limits of these tools in promoting macroeconomic goals are discussed.
    Prerequisite: ECN 1020 or 1030
    Spring

  • ECN 3050

    Environmental Economics

    4cr
    This course explores the economic dimension of environmental and natural resource use questions. The actions of producers and consumers, as influenced in part by institutional patterns and public policies, give rise to a variety of environmental problems and issues. By applying some basic tools of economic and institutional analysis, students may obtain a better understanding of environmental issues, both national and global, and are able to identify and evaluate alternative solutions.
    Prerequisite: ECN 1010, or ECN 1030, or consent of the instructor

  • ECN 3100

    Political Economy of the Pacific Rim (SOC)

    4cr
    An exploration of the historical, cultural, and political forces that have contributed to the economic growth and development of Asia. Emphasis is placed on studying development in the context of regional and global integration.

  • ECN 3200

    Money and Banking (SOC)

    4cr
    A survey of the financial sector of the economy covering the role and functions of money and other financial instruments; commercial banks and financial intermediaries, the purposes of central banking and the structure and operations of the Federal Reserve, and the relationship between the monetary and credit system and the level of economic activity.
    Prerequisite: ECN 1020 or ECN 1030
    Fall

  • ECN 3220

    Regional and Urban Economics (SOC)

    4cr
    The analysis of subnational or regional and metropolitan economies encompassing their distinctive processes and problems of economic growth, employment, and income determination, and intra-urban land use patterns. Policies addressing urban problems in the areas of job creation, housing, public infrastructure, education, and welfare are included among the topical areas examined.
    Prerequisite: ECN 1010 or ECN 1030

  • ECN 3240

    Public Sector Economics (SOC)

    4cr
    An analysis of the reallocative and redistributive functions of federal, state, and local government with emphasis given to examining the efficiency and equity implications of various tax and expenditure programs. Attention also is given to the issues of public borrowing, debt management, public enterprises, and the impact of these public sector activities on private capital markets.

  • ECN 3250

    Economics of Poverty and Income Equality (SOC)

    4cr
    The course deals with a variety of economic and social issues of the United States and the world. Its scope includes the gender, educational, and cultural characteristics of poverty and inequality in different countries; the ways whereby people obtain income; and the factors affecting job turnover and social mobility. The course examines the changing economic roles of women and men in the labor market and in the family. Various methodological issues in the study of poverty and inequality also are examined as well as the relationship between income distribution and overall macroeconomic performance.

  • ECN 3260

    Labor Economics (SOC)

    4cr
    An overview of the institutions and processes affecting the development, allocation, and utilization of human resources, as well as the level and structure of wages and other forms of compensation. Topics include the impact of legislation, collective bargaining, discrimination, and education on labor markets, along with the design of public policies to address market imperfections or to provide assistance to those not currently in the workforce.
    Prerequisite: ECN 1010 or ECN 1030

  • ECN 3270

    International Trade (SOC)

    4cr
    An historical and theoretical analysis of international economic relations in both public and private spheres. Using the principles of economic analysis, models of international trade and factor prices, commercial policy, and economic integration are set forth and become a basis for examining policy issues.
    Prerequisites: ECN 1010 and 1020, or 1030
    Fall

  • ECN 3290

    International Finance

    4cr
    This course examines the monetary side of international economics and globalization, including the current and historical structure of international financial institutions. Topics include exchange rate theories, monetary regimes, interest rates, asset pricing, risk diversification, the balance of payments, currency crises, and open-economy aspects of fiscal and monetary policies. Emphasis is given to the use of theories in understanding current events and policy issues.
    Prerequisites: ECN 1010 and 1020, or ECN 1030
    Spring

  • ECN 3300

    Law and Economics (SOC)

    4cr
    An examination of how economic concepts and modeling can be applied to help determine the justification for, and the effects of, various types of laws and contractual arrangements. The problems posed by externalities and other market failure arising in resource, labor, and product markets are discussed, and the legal framework and regulatory environment for addressing these issues is surveyed so alternative approaches might be evaluated.
    Prerequisite: Junior or senior standing

  • ECN 3310

    History of Economic Thought (SOC)

    4cr
    The evolution of economic ideas in the Western tradition, their influence on their times, and their lasting effects on the economics discipline are the focus of this course. The precapitalist development of economic thought is explored, followed by an examination in the capitalist age of classical, neoclassical, and Keynesian economics with particular emphasis on the work of Smith, Marx, and Keynes. The final stage of the course considers modern economic thought and the role its antecedents play in informing contemporary theoretical and policy discussions.
    Spring

  • ECN 3340

    Introduction to Econometrics (SOC)

    4cr
    Econometrics is a set of tools researchers use to estimate relationships between variables, test theories, and make forecasts, all using real-world data. Econometric analysis supports decision making in public policy, business, the court system, and academia. This course provides a rigorous introduction to econometrics, with a particular emphasis on multiple regression analysis. Topics include formulating good research questions; estimating regression models using cross-section, time-series, and panel data; conducting hypothesis tests; and interpreting and critically evaluating published regression results.
    Prerequisite: BUS/ECN 2340
    Spring

  • ECN 3550

    Internship in Economics/I.P.E

    4-8cr
    Placement for a term and relevant learning experiences in business, nonprofit organizations, or government. Enrollment is restricted to economics majors; this course may not be used to fulfill upper-division economic electives. Graded P/F.
    Prerequisites: Junior standing and permission of the instructor
    Fall/Spring

  • ECN 4030

    International Political Economy (SOC)

    4cr
    Building upon prior analysis of international trade and finance, this course offers students an advanced study of the interaction of the economic and political processes in the world arena. Topics may include, but are not limited to, economic and political integration, theories of direct foreign investment and international production, economic development, the political economy of the global environment, and international governance.
    Spring

  • ECN 4050

    Seminar in International Political Economy

    4cr
    Serving as a capstone for the International Political Economy major, the seminar goes beyond disciplinary lines in an attempt to further integrate diverse and often competing perspectives, methodologies, and values. A research thesis on a topic of the individual student's choice, made in consultation with an advisor, is required along with an oral presentation to faculty and students involved in the program.
    Prerequisite: Senior standing
    Spring

  • ECN 4410

    Senior Seminar in Economics

    4cr
    Serving as a capstone for the major, the seminar focuses on the research process in economics. Essential elements of this process are development of an effective research question, surveying the literature, analysis of a selected problem, the testing of this analysis and interpretation of results, drawing conclusions, and effective communication of research findings to a wider audience. Successful completion of a thesis on a topic approved by the department along with an oral presentation of results to faculty and students is required.
    Prerequisites: ECN 2510, ECN 2520, ECN 3310, and ECN 3340
    Fall

  • ECN 4990

    Senior Thesis Completion

    0cr
    Students must register for ECN 4990 during the semester of their Senior Thesis completion.

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