ECONOMICS
109
Economics (ECON), Entrepreneurship (ENTR), Finance (FINC), Healthcare Management (HCMG), International Management (IMGT), Management (MGMT), Marketing (MKTG), Risk Management and Insurance (RISK), Sport Management and Marketing (SMGT), and Supply Chain Management (SCMG). Students cannot double count requirements within the two areas of concentration. The 12 credits from each of the two concentrations must be distinct.
ECONOMICS (BSBA)
129 credits
The Economics curriculum provides an excellent background in financial and quantitative modeling that business professionals use to conduct analysis and research. Economists are needed to analyze issues such as health care, taxes, energy and international trade policy. Students who complete an Economics major are able to summarize their findings after analysis of economic trends and factors, industries, business competition and risk profiles. An Economics major will enable a student to prepare for advanced study in fields such as law, political science and economics. The following courses (21 credits) must be completed to satisfy the requirements for the BSBA in Economics: ECON 311 Intermediate Microeconomic Analysis ECON 312 Intermediate Macroeconomic Analysis FIN 310 Financial Markets and Institutions And twelve credits of advanced economics electives planned with the student’s advisor.
ECON COURSE DESCRIPTIONS ECON 285: Project Economics This course develops the techniques necessary for understanding economic price theory, the time-value of money, and the basic issues surrounding organizational architecture. These include issues surrounding supply and demand, cost-production, decision making and market models. In particular, the course focuses on the application of these economic theories to projects, including issues surrounding risk analysis and triage, budgeting, planning, and scheduling necessary to the successful completion of a project. Prerequisite: MATH 140 or MATH 115 3 credits ECON 311: Intermediate Microeconomic Analysis An intermediate level course in the methods of microeconomic analysis, emphasizing supply and demand analysis, elasticity, production and cost principles, and pricing and output decisions under different market structures. Prerequisite: Minimum grade of C in BCOR 111 3 credits ECON 312: Intermediate Macroeconomic Analysis An intermediate level course in the methods of macroeconomic analysis emphasizing national income determination and monetary and fiscal policy. Prerequisite: Minimum grade of C in BCOR 112 3 credits ECON 325: Game Theory The course will cover the major elements of game theory, beginning with the basic components of a game: players, strategies, and payoffs. These components will then be used to model games of both sequential and simultaneous moves. The concept of a Nash equilibrium is used to “solve” such games, both where players must choose only one strategy (i.e. a pure strategy equilibrium) and where they may randomize over actions (i.e. a mixed strategy equilibrium). Having established the basic tools of game theoretic analysis, we will then apply game theoretic principles to situations in business, finance, public policy, and everyday life.
