Course Catalog

Economics  
List of all courses and their descriptions
List of all courses, their descriptions and offerings in the schedule book

ECON1010 - Survey Of Economics
Spring 2016

Survey of Economics is an introductory survey of the major elements of economics. Students will learn to apply economic analysis to understand macroeconomic and microeconomic issues. Among the topics covered are the operation of markets, fiscal and monetary policies, and international economics. This one semester course fulfills the Economics component of the Robert Morris University Core. (Students in some programs are required to take alternative courses to fulfill the requirement. For example, this course is not open to B.S.B.A. students.)3 credits
3 Credits

ECON1015 - Honors Survey Of Economics
Spring 2016

Course description unavailable, please contact Academic Services.
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3 Credits

ECON1020 - Principles Of Macroeconomics
Spring 2016

This course is an introduction of fundamental economic facts and concepts and basic economic institutions. Students study organization of the American economy, government finance and taxation, national income accounting, business cycles, the banking system and deposit creation, and monetary and fiscal policy. Software proficiency in spreadsheet is required.
Prerequisite: MATH1010, MATH1050 or MATH2040
3 Credits

ECON1030 - Principles Of Microeconomics
Spring 2016

This course stresses the analysis of microeconomic concepts. The course emphasizes the determination of price by supply and demand, demand and utility, cost and supply, equilibrium of the firm, market structures, pricing of productive factors, and international trade and finance.
Prerequisite: MATH1010, MATH1050 or MATH2040
3 Credits

ECON3020 - Intermediate Macroeconomics
Spring 2016

This course is designed to deal with concepts of national income accounting and theories of aggregate economic behavior. Relationships among income, employment, and the price level are studied. Attention is also given to counter-cyclical and other public policy measures.
Prerequisites: (ECON1020 and ECON1030) or ECON1010
3 Credits

ECON3030 - Intermediate Microeconomics
Spring 2016

TThis course has been designed as an inquiry into the decision-making processes of consumers and firms. Such material, while being based upon theoretical reasoning, is of particular relevance for students majoring in marketing and business administration. The course explores the behavior of firms in various market structures, such as perfect and imperfect competition.
Prerequisite: (ECON1020 and ECON1030) or ECON1010
3 Credits

ECON3050 - Free Market Economics
Spring 2016

This course deals with the concept of a free market economy and how a model of economic freedom and limited government is related to political liberty and economic efficiency. Major topics include a study of economics of socialism and capitalism, the "invisible hand" in capitalism, the "fatal conceit" in socialism, the utopian models of laissez-faire capitalism and egalitarian Marxism, and the economic goals of growth, freedom, equity, full employment, price stability, and efficiency
Prerequisites: (ECON1020 and ECON1030) or ECON1010
3 Credits

ECON3060 - Environmental Economics
Spring 2016

This course is an undergraduate level introduction to the basic principles of environmental economics as they have been developed and as they evolve in the era of sustainability and green business practices. Basic economic concepts and models are adapted to the context of environmental issues. Lectures, discussions, and activities focus on topics such as emission trading programs, green taxes, markets for green goods, valuing health outcomes, the economics of pest resistance, and the idea of charging for solid waste.
Prerequisites: [ECON1020 and ECON1030] or ECON1010
3 Credits

ECON3070 - Econ Of Professional Sports
Spring 2016

This course provides students with a framework to analyze professional sports. The course will be focused on economic analysis of sports--primarily football, basketball, baseball, and hockey. Economic theory will be employed to explain and evaluate such issues as industry growth and change, labor market activity, antitrust concerns, and the role of the local government in franchise and facility development. While the primary focus will be on U.S. sports, students will also be expected to demonstrate an understanding of economic issues involved in international sports.
Prerequisites: ECON1010 or [ECON1020 and ECON1030]
3 Credits

ECON3100 - United States Economic History
Spring 2016

This course is a survey of the causal factors and institutional adaptations to the growth of production, distribution, and exchange of goods and services in the United States from colonial days to World War II. Special emphasis is put on such factors as technological change, expanded labor and resource usage, education, and investment incentives.
Prerequisites: (ECON1020 and ECON1030) or ECON1010
3 Credits

ECON3200 - Labor Economics
Spring 2016

This course focuses on how labor markets operate. Course topics include wage theory, unemployment and poverty, the historical development of the labor movement and unions, governmental and employer policies, discrimination, collective bargaining, and the position of labor in alternative and comparative economic systems.
Prerequisites: (ECON1020 and ECON1030) or ECON1010
3 Credits

ECON3300 - Economics Of Entrepreneurship
Spring 2016

This course will focus on developing students' appreciation of the role of entrepreneurs and technological advance in economic growth. Through case studies, students will learn about new business models that have been developed in the digital age and the sharing economy, and apply economic analysis to understand how these differ from traditional competitors and the industries that have been disrupted. Students will learn that in order to determine how a new enterprise can compete in an existing industry and whether profits can be sustained over a long period of time, entrepreneurs need a solid understanding of entry and exit conditions, cost structures, comparative advantage, and competitive strategies under different market structures. This course is designed for students from all majors and backgrounds, understanding that the complex problems facing the world today require innovative solutions from a variety of perspectives.
Prerequisite: ECON1010 or (ECON1020 and ECON1030)
3 Credits

ECON3400 - Money and Banking
Spring 2016

This course is an exploration of the underlying economic functions of the important credit and financial institutions. Topics discussed include deposit creation, bank reserves, organization and operation of commercial banks, bank statements, and portfolio policies. Students study the Federal Reserve System, monetary policy, and the relation of banking institutions to Treasury financing and to the United States economic system.
Prerequisites: (ECON1020 and ECON1030) or ECON1010
3 Credits

ECON3500 - Introduction To Econometrics
Spring 2016

This course emphasizes applying statistical models to economic data. Regression analysis and estimation of economic models are discussed. Topics include violations of the basic assumptions of the regression model, dummy variables, logit and probit, and analysis of variance.
Prerequisites: MGMT2100 or STAT2110 and (ECON1020 and ECON1030) or ECON1010
3 Credits

ECON4150 - Behavioral Economics
Spring 2016

This course serves as an introduction to behavioral economics for undergraduate students. Behavioral economics offers an interdisciplinary approach that incorporates insights from economics and other social sciences. Students will be exposed to new developments in economic theory that attempt to integrate psychological assumptions about human behavior into traditional economic models. These new developments help explain observed behavioral patterns that commonly occur but are paradoxical for traditional models. This course provides an important foundation for bridging the gap between economic theory and observations in real life. In addition, it introduces students to new models and tools that can better predict individual behavior and evaluate the effectiveness of government policies
Prerequisites: 60 credits, [ECON1020 and ECON1030] or ECON1010
3 Credits

ECON4200 - Bus Enterprise/Public Policy
Spring 2016

This course addresses the legal, political, and economic framework of business-government relationships, regulation and public ownership, and government promotion of competition and policing of market practice.
Prerequisites: (ECON1020 and ECON1030) or ECON1010
3 Credits

ECON4500 - International Trade/Finance
Spring 2016

This course examines the theory of comparative advantage as the basis for international trade and specialization. The major part of the course is devoted to the international monetary system and covers the foreign exchange market, concepts of balance of payments, mechanisms of balance-of-payment adjustments, and international capital movements. The effects of tariffs, other barriers to trade, and restrictions on foreign exchange movements are analyzed.
Prerequisites: (ECON1020 and ECON1030) or ECON1010
3 Credits

ECON4700 - Seminar On Research In Econ
Spring 2016

This course develops efficiency and skill in conducting research and communicating the results with written and oral presentations. The rhetoric and methodology of economic research is examined. Particular emphasis is placed on the role of communication skills in economic analysis.
Prerequisites: (ECON1020 AND ECON1030) or ECON1010
3 Credits

ECON4800 - Applied Managerial Economics
Summer 2016

This course demonstrates the application of economics principles and analytical models to managerial decisions involving optimal allocation of business resources. Among the topics covered are demand analysis and optimal pricing, estimation and forecast of demand, production functions and various cost concepts, pricing and output strategies under different market structures, game theory, antitrust regulation, asymmetric information, and decision-making under uncertainty.
Prerequisites: (ECON1020 and ECON1030) or ECON1010
3 Credits

ECON4904 - Internship/Co-Op
Spring 2016

Course description unavailable, please contact Academic Services.
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4 Credits

ECON4913 - Internship/Co-Op
Spring 2016

Course description unavailable, please contact Academic Services.
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3 Credits