Economics

ECON 301. Principles of Business Economics (Micro) — (3 units)
Prerequisite: MATH 175 Mathematics for Business Applications.
Principles of Business Economics introduce students to different economic markets, theories and policies with application to current economic issues. Emphasis is on the analysis of consumer behavior, markets, demand and supply, market equilibrium, price determination within different market structures, demand for factors of production, environmental issues, income distribution, and the effects of government policies and regulations in controlling price and promoting competition.

ECON 311. Principles of Macroeconomics — (3 units)
Prerequisite: ECON 301 Principles of Business Economics (Micro).
Principles of Macroeconomics introduces students to different macroeconomic theories and policies with application to current economic issues. Emphasis is on the analysis of national output and income, the effects of government fiscal and monetary policy, economic growth and stability, and international finance and trade.

ECON 380. Introduction to Econometrics — (3 units)
Prerequisite: MSCI 285 Introduction to Business Statistics
Suggested skills (Statistical Software): ECSTAT, or SAS, or SPSS, or MINITAB, or consult with instructor

Covers the nature and application of statistical methods for determining relationships among economic variables. Includes hypothesis formulation and testing, single and simultaneous-equation estimation, linear regression, time-series analysis, and forecasting.

ECON 501. Advanced Economic Analysis — (3 units)
Prerequisites: Graduate Standing.
This course develops an overview of economics theory for analyzing managerial operations. This course will analyze customer behavior, demand functions and elasticity of demand, demand estimation, elementary techniques and multiple regression analyses, forecasting, measurement of production functions, costs, and profit.  This course will further examine planning and control, pricing-output-and non-price competition in different market structures, the economic role of government, and capital budgeting-financial policy. Finally this course provides the necessary statistical tools to empirically analyze a business/industry for optimal managerial decision making.