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Economics Courses

ECO 100 - Introduction to Economics (3 hours)
Gen. Ed. SF
Nature, scope, and methods of economics; current economic institutions, problems, and policies. Students who have already completed ECO 221 and/or 222 will not receive credit for this course. Not open to College of Business majors.

ECO 101 - Economics and Contemporary Issues (1 hour)
Application of economic method to analysis of contemporary issues. Emphasizes student participation in applications of economic principles to analysis of contemporary problems and policies. Prerequisite: concurrent enrollment in ECO 100.

ECO 199 - Foundational Topics in Economics (3 hours)
Foundational topics of interest which may vary each time course is offered. Topic stated in current Schedule of Classes.

ECO 200 - Economics in Literature (1 hour)
Student-faculty discussion of "literary" texts, usually novels, from an economic perspective. Prerequisite: 3 hrs. of economics; consent of instructor.

ECO 221 - Principles of Microeconomics (3 hours)
Gen. Ed. SF
Institutions, problems, and policies of the market system and alternative systems: allocation of resources and distribution of income. Not open to students with ECO 100.

ECO 222 - Principles of Macroeconomics (3 hours)
Gen. Ed. SF
Process and determinants of overall economic activity and growth. National income accounting; determination of aggregate income, employment, and the price level; money and banking; government monetary and fiscal policies; international economics.

ECO 300 - Economics Colloquium for Juniors (1 hour)
Student-faculty discussion of books and articles concerning significant economic ideas and issues not examined in depth in other courses. Prerequisite: economics major, junior standing.

ECO 301 - Money and Banking (3 hours)
Real and financial sectors of the economy. Emphasis on structure and process of financial intermediation and related policy issues. Prerequisite: ECO 100 or 221; ECO 222; junior/senior standing.

ECO 305 - Public Expenditure and Finance (3 hours)
Economic role of government in the U.S. economy. Determination of the size and economic functions of government, federal expenditure decisions and budgeting, equity and efficiency of various types of taxes, and selected problems in state and local finance. Prerequisite: ECO 100 or ECO 221; ECO 222; junior/senior standing.

ECO 309 - History of Economic Thought (3 hours)
The evolution of economic thought - and the occasional revolution in economic thought - from the 16th century to the present, emphasizing philosophical issues and historical context; includes dissenting thought as well as mainstream thought. Prerequisite: Three hours of economics. Junior standing.

ECO 310 - Labor Problems (3 hours)
Theories of the labor movement; labor legislation and its effect on labor management and society's goals; theories of collective bargaining; impact of government economic policies on labor management relations; wage theory. Prerequisite: ECO 100 or ECO 221; ECO 222; junior/senior standing.

ECO 313 - American Economic History (3 hours)
Changes in the processes of production and distribution in American economic development: their impact on economic institutions, and impact of economic institutions on economic development. Prerequisite: ECO 100 or ECO 221; ECO 222; junior/senior standing.

ECO 319 - Introduction to Econometrics (3 hours)
Techniques and procedures of application of statistical tools to economic research problems; selected methods for investigating the empirical validity of economic theory. Prerequisite: ECO 100 or 221; ECO 222; QM 263 or equivalent; junior/senior standing.

ECO 325 - Urban Economics (3 hours)
Origins, economic structure, and functions of urban centers; selected economic problems and policies. Prerequisite: ECO 100 or ECO 221; ECO 222; junior/senior standing.

ECO 332 - Intermediate Microeconomics (3 hours)
Optimizing behavior and market processes. Emphasizes proficiency in numerous microeconomic tools of analysis. Encourages thought about these tools and the real world they are designed to illuminate. Prerequisite: ECO 100 or 221; ECO 222; MTH 115 or 121 or consent of the instructor; junior standing or 42 credit hours and declared economics first major.

ECO 333 - Intermediate Macroeconomic Theory (3 hours)
Integrated approach to the theory of income determination; contemporary growth models; explanations of cyclical fluctuations. Prerequisite: ECO 100 or 221; ECO 222; junior standing or 42 credit hours and declared economics first major.

ECO 335 - Managerial Economics (3 hours)
Applying economic theory to the tools of operations research and business analysis: demand, cost, profit, and pricing. Decision theory of the firm. Prerequisite: ECO 100 or 221; ECO 222; QM 262 or equivalent; junior/senior standing.

ECO 345 - Comparative Economic Systems (3 hours)
Analysis of three major types of economic systems. Systems are contrasted in terms of goals, goals achievement, capacity to generate growth, and as generators of a lifestyle. Prerequisite: ECO 100 or ECO 221; ECO 222; junior/senior standing.

ECO 351 - Economic Development (3 hours)
Economic behavior of people living in less developed countries: goals, constraints, means available, and choices made. Private sector, role of government, and relations with more developed countries. All topics studied in historical context. Prerequisite: ECO 100 or ECO 221; ECO 222; junior/senior standing.

ECO 352 - Industrial Organization (3 hours)
Structure, conduct, and performance of business enterprise in the U.S.; possible and actual role of government as a regulator of business enterprise, historically and philosophically. Prerequisite: ECO 100 or ECO 221; ECO 222; junior/senior standing.

ECO 355 - Supply Chain Economics (3 hours)
Focuses on understanding the economics of supply chains. Over the past 100 years, the structure of economic organization and competition has shifted from individual firms to extended enterprises. These enterprises comprise the entire supply chain, extending from raw materials, through manufacturing, to distribution through channels to customers throughout the U.S. and the world. This change in economic organization has resulted from economic forces and has significant implications for the U.S. and global economies. Prerequisite: ECO 100 or ECO 221; ECO 222; junior/senior standing

ECO 362 - Economics and Law (3 hours)
Tort, property, contract, civil, and criminal law from the perspective of economics. Overview of microeconomic theory applied to legal problems to attain optimum welfare for the individual or community affected by issues before the law. Prerequisite: ECO 100 or 221; junior/senior standing.

ECO 370 - Game Theory (3 hours)
Game theoretic techniques for modeling strategic interaction. Develop tools to analyze markets, bargaining and negotiation, reputation, and decision making with limited information. Prerequisite: ECO 100 or 221; ECO 222; junior/senior standing.

ECO 391 - International Trade (3 hours)
Welfare implications of international trade; balance of payments; equilibrium and disequilibrium; external and domestic policy effects on the balance of payments and welfare; international trade and financial cooperation among nations. Cross listed as IB 391. Prerequisite: ECO 100 or 221; ECO 222; junior/senior standing.

ECO 399 - Special Topics in Economics (3 hours)
Topics of special interest which may vary each time course is offered. Topic stated in current Schedule of Classes. May be repeated under different topics. Prerequisite: junior/senior standing.

ECO 400 - Economics Colloquium for Seniors (1 hour)
Continuation of Economics 300, with more difficult and challenging readings. Prerequisite: economics major; senior standing.

ECO 418 - Mathematical Economics (3 hours)
Application of mathematics to selected topics of economic theory. Prerequisite: ECO 100 or 221; ECO 222; MTH 122; junior/senior standing.

ECO 434 - Readings in Economics (1-6 hours)
Individual readings for qualified students under the guidance of a member of the economics staff. Prerequisite: approval of the department chair; junior/senior standing.

ECO 498 - Senior Seminar in Economics, Part I (1 hour)
Topics in economics selected, studied, and discussed by students as a group under faculty guidance. Each student begins to explore an area of economic thought in which he or she has a particular interest and plans to write a senior thesis. Required for all economics majors. Pass/Fail. Prerequisite: Senior standing (junior standing with consent of instructor).

ECO 499 - Senior Seminar in Economics, Part II (3 hours)
Topics in economics selected, studied, and discussed by students as a group under faculty guidance. Each student explores an area of economic thought in which he or she has a particular interest. Prerequisite: ECO 498; senior standing (junior standing with consent of instructor).

ECO 506 - Elements of Microeconomics (2 hours)
Review of demand, supply, product markets, factor markets, perfect competition, monopoly, and other market structures, using algebra. Cannot be used to satisfy MBA elective or concentration requirements. Prerequisite: consent of director of graduate programs.

ECO 603 - Economic Markets: Competition and Monopoly (1 hour)
Introduces the learner to the basic workings of the economic market. Included are concepts addressing consumer and producer motivations in the market; surpluses and shortages; and third-party intervention into markets. Also the importance of competitive markets will be emphasized with a discussion of a lack of competition such as monopoly and the consequences for society. Prerequisite: Graduate standing

ECO 605 - Health Care Economics & Finance (2 hours)
Examines the economic and financial aspects of the health care system. Organizational and institutional structures through which an economy makes choices regarding the production, consumption, and distribution of health care services. Fundamental processes for the management of liquidity, major capital investments, debt, and funding. Examines both for-profit and not-for-profit health care organizations. Prerequisite: ECO 506, ECO 508, FIN 522.

ECO 606 - Microeconomics for Managers (2 hours)
Analysis of domestic and international markets, resource allocation, market structure, impacts on business decision making and on society, role of government regulation in business, pricing strategies. Prerequisite: ECO 221 or 506; MTH 115; QM 262, 263 (or QM 501, 502); or consent of instructor.

ECO 608 - U. S. Business Cycles in the International Economy (2 hours)
The application of economic analysis to explain fluctuations in Gross Domestic Product (GDP), employment, and inflation in our contemporary open economy; evaluation of alternative economic stabilization policies; uses and applications for managerial decision making. Prerequisite: ECO 221 and 222; or ECO 506; MTH 115; QM 262, 263 (or QM 501, 502); or consent of instructor.

ECO 660 - Readings in Economics (1-3 hours)
Individual readings for qualified students, under the guidance of a member of the faculty. Repeatable to a maximum of 3 credit hours. Prerequisite: consent of instructor and director of graduate programs.

ECO 690 - Economic Education (1-3 hours)
For persons studying economics through Bradley's Center for Economic Education. Specific contents arranged to meet the needs of the participants: elementary, secondary, and college teachers, clergy, public administrators, and other professionals. May be repeated up to 12 hours each. (Not an MBA elective.) Prerequisite: undergraduate degree.

This is the official catalog for the 2014-2015 academic year. This catalog serves as a contract between a student and Bradley University. Should changes in a program of study become necessary prior to the next academic year every effort will be made to keep students advised of any such changes via the Dean of the College or Chair of the Department concerned, the Registrar's Office, u.Achieve degree audit system, and the Schedule of Classes. It is the responsibility of each student to be aware of the current program and graduation requirements for particular degree programs.