Course: 50:220:102:90. Microeconomics Principles (3)
Course Summary:
The course objective is to provide the student with an introduction to microeconomics. Topics include the market system, supply and demand, cost, competition, monopoly, oligopoly, factor markets, and public goods. After completing the course, the student will be familiar with how an economist thinks. Students will be able to (i) apply the supply and demand model graphically and numerically; (ii) evaluate the opportunity cost of an economic decision; (iii) describe the model of the firm and calculate how changes in input prices, product demand and market structure affect firm output, prices and profits; and (iv) analyze the implications of operating under different market structures and the basic implications of efficiency and failures of the market system. Students will demonstrate this through discussion and analysis of outside reading, through solving numerical problems, Coursework is meant to instill an appreciation of both the power and limits of economic analysis and constitute a framework for future courses in business curriculum.
Course: 50:220:103:90. Macroeconomic Principles (3)
Course Summary:
This course will explore the fundamentals of Macroeconomic theory and contemporary application. Issues will include the economizing problem, supply and demand, market systems, labor, consumption, saving, government policy, banking and financial markets. There will be a special emphasis on how the macro economy impacts individual households as we seek to relate basic economic theory with current events and real life situations. This will be a highly interactive, participant-driven class.
Topics and concepts include the basis of economics; the economizing problem; demand and supply; global market systems; the U.S. economy about components and participants; measuring domestic output & national income; introduction to economic growth and instability; inflation and deflation; the business cycle; labor and unemployment; fiscal policy; monetary policy; and banking and capital markets.
Course: 50:220:301:90. Money and Banking (3)
Course Summary:
This course will provide an in-depth examination of the money and banking structure within the U.S. economy and covers the U.S.’s historical development of monetary and banking institutions as well as addresses current problems facing monetary management. The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking, not just in the U.S., but globally. By employing an analytical framework to traditional money and banking models, this course provides students with knowledge on theories of money and their applications to a rich array of current real-world events.
Prerequisites: 50:220:102 or 103
Course: 50:220:308:90. Managerial Economics (3)
Course Summary:
This course is designed to provide a foundation in the study of Managerial Economics through applied microeconomic analysis. The goal of this course is to initiate an approach business strategy rooted in the logical analysis of an economist. The importance of critical thinking in paramount to both business management and the field of economics. While economics is, at its core, a social science, this course will highlight the essential application of economic theory to the world of management. The learning structure is online and active discussion is imperative. Students are expected to adequately prepare to contribute to the online forum. This preparation includes advanced reading of the textbook topics and formulating questions throughout the week regarding the material and/or relevant real-world examples.
Prerequisites: 50:220:102 or 103
Course: 50:220:305:90. American Economic History (3)
Course Summary:
Overview, analysis of such selected topics as population, government, capital accumulation, and technology contributing to the development of economic life and institutions in the United States. The course will provide a detailed review and discussion of the American economy’s growth and evolution. Emphasis will be placed on trends and developments over the last century. However, selected topics from earlier in the country’s development will also be discussed as appropriate.
Topics to be covered will include a review of the American business cycle over time, the role of monetary and fiscal policy at different times in the country’s history, and issues related to the growth and development of the nation’s labor force. The objective of the course is to provide the student with an appreciation of how the American economy has evolved over time and to promote a better understanding of the challenges facing the American economy today.
Prerequisites: 50:220:102 or 103
Course: 50:220:339:90. Economic Development (3)
Course Summary:
This course will take you through an exciting journey that will acquaint you with the forces that influence economic development and growth. Theories of economic development are studied in the context of rich empirical works conducted by international agencies like World Bank and United Nations, and academicians on developing / underdeveloped countries. As a part of curriculum, we will begin by exploring the concept of development, and go through various components of development that economists typically study, including economic growth, income inequality, poverty, population, Education, health and nutrition. Next, the causes and consequences of typical problems that the underdeveloped countries face like low savings, inadequate investment and foreign borrowing are dealt. Finally, the characteristics and policy issues on agriculture, industry, technology and trade of developing/underdeveloped countries are focused. The course has a broad reach and is relevant as an introduction to the subject for continuing students as well as to people who work in the world of policy and business.
While introducing the students to the theory and empirical analysis in development economics, the course aims at achieving the following goals. The first goal is to ensure the students understand real conditions and institutions across the developing world. The second, is to help students develop analytical skills while broadening perspectives of the wide scope of the field. The third, is to provide students with the resources to draw independent conclusions on economic development and poverty alleviation.
Prerequisites: 50:220:102 or 103
Course: 50:220:366:90. U.S. Healthcare: Organization, Delivery and System (3)
Course summary:
This course provides an introduction to health policies and policy making in the US public health and health care delivery systems. The primary objective of the course is to provide students with the tools and historical context to critically assess a wide variety of policies—past, current, and future. The course covers the foundation that is necessary for understanding the U.S. health care delivery system, which is distinct from any other system in the world. In addition, the course covers the system processes, beginning with outpatient and primary care services, hospitals, managed care in integrated systems, as well as the different types of arrangements found in integrated organizations. Finally, the course covers the ability of the U.S. health care system to meet population needs, policy environment that influences access to care, and trends that could impact the system in the future. The instructor will introduce the topics and guide through online discussions. No disciplinary background is assumed, nor is any special familiarity with the field of health care is required.
Prerequisites: 50:220:102 or 103
Course: 50:220:472:90. Economic Analysis of the Law (3)
Course Summary:
The law impacts individuals in our many roles as citizens, employees, investors, consumers and family members. Law impacts decisions of leaders in the management of business and government. This course examines areas of the law which economic theory informs outcomes, including property law, tort law and liability, contract law and crime and punishment. Students will use the economic ideas of efficiency and rational optimization to analyze legal outcomes in resource allocation. We will use Cooter & Ulen’s text and outside readings to inform our analysis.
The application of basic economic concepts and analyses to the law and legal processes. How economics can be used to study issues in tort, criminal, contract, property, and negligence matters. Examine economic implications of the law pertaining to racial discrimination, environmental protection, and other standard corporate regulatory provisions.
Prerequisites: 50:220:102 or 103 or permission of instructor