LoginEconomics
These courses are offered by the Department of Economics at St. Thomas More College.
ECON 111.3 — 1/2(3L)
Price Theory and Resource Allocation
Shows the student how to understand the individual consumption and production decisions which are made within a market economy, guided by prices and costs. Economic concepts of supply, demand, cost, response to price changes, production, equilibrium, and income distribution are analyzed.
ECON 114.3 — 2(3L)
Money and Income
Shows the student how to understand the collective problems in economic policy, and the choices which face a modern economy. Social accounting, national income, consumption, saving, government spending, taxation, investment, interest rates, money and banking, foreign trade, and balance of payments are analyzed.
Prerequisite(s): ECON 111 recommended.
ECON 204.6 — 1&2(3L-1P)
Statistical Applications in Social Sciences
An introduction to statistical methods and their application to problems in economics and related disciplines.
Prerequisite(s): ECON 111.
Note: Students who wish to use this course toward an Arts & Science credit should first refer to Statistics Course Regulations in the Arts & Science section of the Calendar.
ECON 211.3 — 1/2(3L)
Intermediate Microeconomic Theory
Presents the student with a formal analysis of demand, elasticity, cost, production, firm and market equilibrium, competition, monopoly, oligopoly, factor demand and prices, general market equilibrium, and welfare.
Prerequisite(s): ECON 111.
Note: Students with credit for ECON 213 may not take this course for credit.
ECON 214.3 — 1/2(3L)
Intermediate Macroeconomic Theory
Presents the student with a formal analysis of national accounting, the consumption function, investment, public expenditure, taxes, budgets, money and interest, IS-LM analysis of general equilibrium in an open economy, aggregate supply and demand, public policy, inflation, and the rudiments of growth theory.
Prerequisite(s): ECON 111, 114, and 211 or 213.
ECON 254.3 — 1(3L)
International Trading System
A survey of the development of the international trading system with particular attention to its evolution in the post-World War II period.
Prerequisite(s): ECON 111.
ECON 270.3 — 1(3L)
Development in Non Industrialized Countries
A review of the economic development of selected countries. The relevance of resources, financial institutions, government action and regional differences to problems of industrialization in these countries will be studied in the light of past and current theories of economic development.
Prerequisite(s): ECON 111 and 114.
ECON 272.3 — 1/2(3L)
Economics of Transition
Surveys core issues in transition economics. It discusses the legacy of the central planners, the progress achieved so far, and the need for further reforms. Topics include democratic transition and integration to the European Union, oligarchic transition, and gradualist transition. The course also introduces economic analysis of corruption.
Prerequisite(s): ECON 111 and 114.
ECON 298.3 — 1/2(3S)
Special Topics
Offered occasionally by visiting faculty and in other special situations to cover, in depth, topics that are not thoroughly covered in regularly offered courses.
ECON 380.3 — 2(3L)
History of Economic Thought after 1870
The marginal utility theory, marginal productivity theory, neoclassical monetary theory and Keynesian economics; Menger, Jevons, Walras, Wicksteed, Marshall, Wicksell and Keynes, among others.
Prerequisite(s): ECON 111, 214 and a junior course in calculus.
 The most important work we have to do is to talk to students…Here is where real education takes place.”— Fr. Henry Carr, CSB STM President, 1942 - 1949 |
