Classes in econ

ECON 1 Principles of Macroeconomics 3.0 units
Description: Introduction to the principles of macroeconomic analysis, economic institutions, and economic policy; supply and demand, determinants and distribution of output, income, and welfare through the market system; international trade and globalization. Measurement, determinants of, and policies relating to long-run economic growth, business cycle fluctuations, unemployment, and inflation. This course has the option of a letter grade or pass/no pass. (C-ID: ECON 202) PREREQUISITE: MATH 430 or MATH 205

Student Learning Outcomes:

1. Use the framework of supply, demand, consumer's surplus, or producer's surplus to show how changes in economic variables affect market outcomes.
2. Recognize and apply economic theory in everyday life.
3. Use marginal analysis to make resource allocation decisions.
4. Gather real-world data and identify the relationships between macroeconomic variables, such as GDP, the unemployment rate, and the rate of inflation.


ECON 2 Principles of Microeconomics 3.0 units
Description: Introduction to microeconomic principles, theory, and analysis. Topics include scarcity and resource allocation, specialization and exchange, and the determinants and distribution of output, income, and welfare through the market system, as well as elasticity, production and cost theory, and market failure caused by externalities and asymmetric information. Includes consumer choice and utility maximization, as well as profit maximization in various competitive settings. This course has the option of a letter grade or pass/no pass. (C-ID: ECON 201) PREREQUISITE: MATH 430 or MATH 205

Student Learning Outcomes:

1. Use the framework of supply, demand, consumer's surplus, and producer's surplus to show how changes in economic variables affect market outcomes.
2. Recognize and apply economic theory in everyday life.
3. Use marginal analysis to make resource allocation decisions.
4. Compare different market settings (e.g. perfect competition, monopoly, etc.) on the basis of whether they are likely to achieve productive and allocative efficiency.


ECON 10 Introduction to Economics 3.0 units
Description: A survey of economic concepts and models, along with their real-world applications, for non-business or non-economics majors. Topics to be covered include specialization and trade, pricing and distribution, environmental issues, market structures, macroeconomic measurements, and economic growth and related government policies. Not open to students with credit in Economics 1 or 2. This course has the option of a letter grade or pass/no pass. ADVISORY: The ability to interpret graphs is recommended.

Student Learning Outcomes:

1. Use the framework of supply, demand, consumer's surplus, or producer's surplus to show how changes in economic variables affect market outcomes.
2. Recognize and apply economic theory in everyday life.
3. Use marginal analysis to make resource allocation decisions.


ECON 11 Statistics for Business and Economics 4.0 units
Description: The use of probability techniques, hypothesis testing, and predictive techniques to facilitate decision-making. Topics include descriptive statistics; probability and sampling distributions; statistical inference; correlation and linear regression; analysis of variance, chi-square and t-tests; statistical analysis including the interpretation of the relevance of the statistical findings. Applications using data from disciplines including business, social science, psychology, life science, health science, and education. Additional and more extensive case studies from business and economics, emphasizing statistical results that provide guidance for business decisions or suggest solutions to contemporary business and economic problems; use of larger data sets analyzed with computer software programs. (C-ID: MATH 110) This course is also listed as BUS 11. PREREQUISITE: Intermediate Algebra or the equivalent.

Student Learning Outcomes:

1. Perform hypothesis tests involving samples from one and two populations.
2. Select the appropriate technique for testing a hypothesis and interpret the result.
3. Use linear regression and ANOVA analysis for estimation and inference, and interpret the associated statistics.
4. Use appropriate statistical techniques to analyze and interpret applications based on data from disciplines including business, economics, social sciences, psychology, life science, health science, and education.


ECON 14 Personal Finance 3.0 units
Description: This course is designed to equip students with specific knowledge and skills enabling them to make sound financial decisions over the course of their life, in order to build and maintain wealth. Students will develop quantitative reasoning and critical analysis abilities, and will apply them to topics including: budgeting, time value of money calculations, financial planning, retirement planning, tax planning and related calculations, investing, credit and credit cards, insurance, and estate planning. Students will take a hands-on approach to learning by using mathematical reasoning and formulae to solve problems and complete projects. Instructors will provide student-centered activity-based instruction, which emphasizes the conceptual understanding and skills of mathematics and quantitative reasoning to develop competence and confidence in problem solving abilities. This course is also listed as BUS 14. Prerequisite: Skills and knowledge equivalent to Algebra 1 or as determined by the math placement process.

Student Learning Outcomes:

1. Upon completion of this course, students will be able to apply time value of money concepts and formulae to perform financial planning calculations.
2. Upon completion of this course, students will be able to use quantitative reasoning skills to apply federal tax codes in order to accurately compute adjusted gross income and tax liability.
3. Upon completion of this course, students will be able to apply quantitative reasoning and critical thinking skills when articulating the trade-offs among different investment opportunities.
4. Upon completion of this course, students will be able to explain and apply the expected value formula and related probabilities to accurately solve problems related to differences in insurance premiums.