Academic Courses

Economics

ECON 112
Statistics I
4-0-4
For students who have demonstrated their ability in mathematics.?Theory, measurement and analysis of frequency distributions; measures of location, variation; probability theory, theoretical distributions, statistical inference; tests of hypotheses and chi square tests. Usefulness of statistical techniques and digital computers in modern decision-making. ?Prerequisite: MATH 118, or higher than MATH 118 on placement test.

ECON 114
Statistics II
3-0-3
Continuation of ECON 112. ?Time series analysis, non-parametric techniques, analysis of variance, index numbers, bivariate and multiple regression and correlation analysis and statistical decision theory.?Students prepare research projects to demonstrate their proficiency in applying statistical techniques in the interpretation of resolution of problems using the modern digital computer. Prerequisite: ECON 112.

ECON 181
Principles of Economics (Macroeconomics)
3-0-3
Provides an introduction to the discipline of Economics and an examination of the determinants of the level of income, employment and prices in the economy.? Macroeconomics, often referred to as general equilibrium analysis, deals with the economy as a whole rather than with the individual or firm.

ECON 182
Principles of Economics (Microeconomics)
3-0-3
Topics include analysis of the economics of the firm and resource allocation, current domestic problems and international economics. Microeconomics deals with the significant aspects of the individual firm.?

ECON 291
Financial Markets and Institutions
3-0-3
The course introduces students to the history and general principles of money and banking and the importance of the commercial banking system in the money and credit structure. Students will study development of the Federal Reserve System and its instruments of credit control, and causes and effects of the changing value of money and availability of credit. Prerequisite: ECON 181.