Course Descriptions

Courses numbered 1000-1999 are open to freshmen; 2000-2999 to sophomores; 3000-3999 to juniors; 4000-4999 to seniors. It is recommended that students elect courses in the years for which they are listed. Freshmen will be admitted to courses above the 2000 level only with the consent of the instructor and the student’s advisor. Juniors and seniors taking freshman courses may be expected to do additional work. Any course above 4999 is a graduate course.

NOTE:
The number in parentheses following the course title indicates the semester hours of credit assigned to the course.
An H following the course number indicates an honors level course.

ECON 1050
Personal Financial Success [Course] (1) (Liberal Arts)
This course is a 1-credit (online format) course and is open to all students interested in an introduction to effective personal financial management. This course emphasizes basics of financial planning and decision-making. This 1-credit course is similar to the first third of the semester-long 3-credit ECN 205 Personal Economics course. Topics include savings, budgeting, debt decisions (e.g. mortgages, car loans, credit cards, school loans), and giving. We discuss good money decision-making principles and investigate what the Bible has to say about money and topics covered.

ECON 2010
Principles of Microeconomics [Course] (3) (Liberal Arts)
In this course, general theories of the price system are related to resource allocation in the market, models of competition, monopoly, oligopoly, and monopolistic competition.

ECON 2020
Principles of Macroeconomics [Course] (3) (Liberal Arts)
This course focuses on national income accounting, the behavior of households, business and government sectors, and their interactions at the aggregate level. The determinants of equilibrium GDP and the behavior of the economy in the short- and long-run will be examined along with the roles of monetary and fiscal policy in attempting to "control" GDP, unemployment, interest rates, and other aggregate economic variables.

ECON 2050
Personal Economics [Course] (3) (Liberal Arts)
This course emphasizes financial planning and decision-making. Topics include budgeting, insurance, investing, retirement planning, and estate planning.

ECON 2950
Life Learning Experience [Life Learning Paper] (1 - 3) (Liberal Arts)
In this course students apply the theories that support learning from personal experience. Students will draw from the works of educators such as Dewey, Piaget, Lindeman, and Kolb. They will write a life-learning essay on an approved topic.

ECON 3330
Economic Development [Course] (3) (Liberal Arts)
This course is designed to examine the processes of economic development across a broad set of countries. The fundamental question we seek to answer is: Why do some countries achieve high rates of growth (development) and others do not. The course will present various theories of development as well as analyzing policy alternatives at both the micro and macro levels for achieving (and sustaining) high levels of development. Country case studies will be used throughout the semester to enable students to integrate theory and policy applications. Prerequisites: ECON 2010, ECON 2020 or permission of the instructor. (Offered alternate years)

ECON 4950
Independent Study in Economics [Course] (1 - 3) (Liberal Arts)
Independent study provides opportunity to pursue advanced or special-interest topics not covered in the curriculum. Prerequisites: 1. Junior standing. 2. A minimum of 9 semester hours in the discipline of the Independent Study. 3. A minimum grade point average of 2.50 in the discipline. 4. Proof of motivation and ability to work independently. 5. Approval of the department in which the study is to be taken. 6. Permission from the student's advisor, the course instructor, the Department Chair, the School Dean, and the Registrar.