New courses for 2015-2016

ECB 1XX Data Visualization

This course enables students to see stories in numbers. Students will work with business and economic data, students will identify central tendencies and patterns of dispersions. They will learn methods of exploring data and effectively communicating insights through appropriate graphical presentation.

ECB 1XX Introduction to Business

A 100-level elective, this course introduces a core business function such as marketing, operations, talent management, or information systems. The course will illustrate relevant social science theory in the context of business practice. The specific area of business will depend on the faculty instructor.

ECB 2XX Introduction to Databases

This course introduces students to applied database management principles and techniques. Students will be introduced to MS Access, SQL, and data extract techniques.

ECB 2XX Markets and Social Networks

Networks pervade our tech savvy society. This course introduces the science of networks, integrating ideas from economics, sociology, and mathematics. We will learn how to identify important people and relationships within a social network. We will measure the importance of nodes and the strengths of ties and learn how to predict the formation of new links among members. The course examines how information and economic behavior cascades across a network. Throughout the class, students will visualize networks and apply course concepts to network data acquired from social media websites including Facebook, YouTube, and Twitter. Students will create their own social network analysis projects and present their findings.

ECB 3XX Asset Valuation

The primary objective of this course is to provide both theoretical and practical overview of the use of valuations and forecasting in financial management.  The course topics may include financial analysis, cost of capital, prospective analysis, capital budgeting, real options, and mergers and acquisitions.  Prerequisites: ECB 302 and ECB 151.

ECB 3XX Business Analytics I

This is the first of two courses that introduces students to core methods of business analytics. The course covers data mining and regression models. Topics may include association rules, cluster analysis, logistic regression. Using the case method and quantitative techniques, students will collaboratively address complex and multi-dimensional business problems. Prerequisites: STA 202 or STA 348

ECB 3XX Analytics Case Seminar

This course applies the techniques of business analytics to a specific area of application, for example marketing analytics, healthcare analytics, sports analytics, etc. The course will involve a major case study with an actual organization. The specific orientation of the course will depend on the faculty instructor.

Existing courses

101. Macroeconomics

Basic macroeconomic theory. Analytical evaluation of the determinants of national output, inflation, and unemployment. Examination of fiscal and monetary policies and issues in international trade and payments. Introduction of tools necessary to analyze economic models. (Social Science) KNOOP or STAFF

102. Microeconomics

Basic microeconomic analysis of consumer choice, the business firm, and resource markets in labor, capital, and land. Analysis and critique of government policy in problem areas such as monopoly power and government regulations and expenditures. Prerequisite: two years of algebra in high school. (Social Science) HEJEEBU or SAVITSKY

151. Financial Accounting

Accounting concepts and principles. Asset and liability valuation, income determination, financial statement presentation and analysis, and the use of accounting information for business decision-making. Objectives of accounting rather than bookkeeping techniques. STAFF

206. Bonds, Mortgages, and Their Derivatives

Fixed income (debt) securities account for about two thirds of the market value of all securities that are outstanding in the world. This course focuses on various types of debt securities and their markets, and in turn develops tools for the valuation and management of these securities and the interest rate risk associated with them. Additional topics include yield curve analysis, fixed income portfolio management, and immunization strategies. Alternate years.

208. Health Economics

Examination of the structure and financing of the U.S. healthcare system, including government programs, employer sponsored programs, and the individual insurance market. Students will apply economic reasoning to contemporary issues involving the organization, cost, and distribution of resources in the health sector. The course will focus primarily on healthcare in the United States but will include coverage of other nations as well. Alternate years. (Social Science)

210. Introduction to Financial Management

Provides an overview of the basic concepts and principles of financial management and insight into the financial decision making process. Topics include: the tradeoff between risk and return, valuation techniques, capital budgeting, capital structure, and the role of financial markets. Emphasizes the mathematical tools of financial decision making and the reasoning and concepts in appropriately applying these tools. Prerequisite:  ECB 151. (Social Science)

223. International Economics

Survey of international trade and finance with a theoretical emphasis. Why nations trade, the theory of protection, and commercial policy. Balance of payments, theories of exchange rate determination, and international macroeconomic theory and policy. Prerequisites: ECB 101 and 102. Offered two out of every three years. (Social Science)

225. Money and Banking

The role of financial institutions and financial assets in macroeconomic activity. The stock market, money markets, monetary policy, money supply and demand, interest rates, inflation, international financial markets, and the International Monetary Fund. Prerequisites: ECB 101 and either STA 201 or 348. (Social Science) KNOOP

243. Investments

Investment alternatives from the investor's perspective. Stock market indices, trading procedures, evaluation techniques, and investment strategies. Dow, valuation, portfolio, and efficient stock theories. Government regulation of securities markets. Prerequisites: ECB 102 and 151, and either STA 201 or 348. Alternate years. (Social Science)

251. Introduction to Entrepreneurship

This course provides an introduction to the study of how business enterprises are created and revitalized. Included will be an overview of the financial, marketing, organizational, and managerial tools that entrepreneurs use when shaping an enterprise. In addition, this course will introduce the topic of social entrepreneurship, in which organizations are created that not only generate a return for the entrepreneur, but also address significant social problems such as poverty alleviation or environmental protection. Alternate years. STAFF

253. Managerial Accounting

Continuation of ECB 151. Application of accounting data to management decisions. Prerequisites: ECB 102 and 151. Alternate years.

257. Labor Economics

Exploration of a variety of current issues in labor markets from an economics perspective. Included among the questions to be addressed in this course are: Why do professional athletes, rock stars and movie stars earn so much more than the rest of us? What is the economic value of a college degree? Why do some college majors earn so much more than others? Who pays for and benefits from on-the-job training? Are workers better off when the government regulates safety in the workplace? How does discrimination in the labor market affect women, African Americans and other minorities? Why has union membership fallen so dramatically during the last 30 years? Who benefits from and who is hurt by increased international competition? Course activities will include a series of data collection/analysis/presentation projects. Prerequisites: ECB 101 or 102, and STA 201 or 348. Alternate years. (Social Science)

258. Economics of Sports

Economic analysis of various aspects of professional sports and intercollegiate athletics. Topics will include the relationship between on-the-field performance and economic profits, the economics of competitive balance, the market for professional franchises, public financing of stadiums and arenas, labor unions and labor relations, discrimination in the market for professional athletes, the economics of intercollegiate athletics, and the role of the NCAA in intercollegiate athletics. Course activities will include a series of data collection/analysis/presentation projects. Prerequisites: ECB 102 and STA 201 or 348. Alternate years. (Social Science) SAVITSKY

261. Global Environmental Economics

Economic analysis of global environmental issues, with special emphasis on developing countries. Review of basic economic theory with respect to environmental issues. Policy analysis of sustainable development, population growth, deforestation, air and water pollution, ecotourism, international hazardous waste, biodiversity, and global warming. Recommended prerequisite: ECB 101 or 102. Alternate years. (Social Science)

265-275. Topics in Economics and Business

Selected topics of current interest in economics and business. See Topics Courses.

290/390. Individual Project: see Courses 290/390.

301. Intermediate Microeconomics

Economic theory of choice in a price system. The forces that determine price and production decisions of business firms in competitive and monopolistic markets, and the allocation of resources through these markets. Economic analysis applied to decision-making in government and business firms, and to clarify social issues. Prerequisites: ECB 102 and junior standing. (Social Science) HEJEEBU or SAVITSKY

302. Intermediate Macroeconomics

Factors influencing the level of national income and employment, movement of prices, and behavior of other macroeconomic variables. Postwar economic developments and contemporary monetary and fiscal policy problems. Problems of economic growth and international trade. Prerequisites: ECB 101, 102, and junior standing. (Social Science) FAROOQI or KNOOP

311. Industrial Organization

Theories of market structure: perfect competition, perfect monopoly, oligopoly, cartels. Theories of strategic behavior, emphasizing game theoretic approaches to the study of market structures. The economics of information. Prerequisite: ECB 301. Alternate years. (Social Science) SAVITSKY

320. Women, Men, and the Labor Market Seminar

The seminar examines male/female differences in labor market outcomes. Theoretical explanations will be confronted with empirical evidence. Topics to be covered include: labor supply behavior and the allocation of time in the household, human capital investments in education and labor market experience, discrimination against women in the acquisition of human capital, labor market discrimination against women and the pay gap, and the economics of anti-discrimination laws. Prerequisites: ECB 301 and STA 201 or 348. Alternate years. (Social Science) SAVITSKY

321. Macroeconomics Seminar

An investigation into why rich countries are rich and poor countries are poor. Macroeconomic growth theory will be examined in an attempt to explain why some countries have experienced growth miracles and others have been growth disasters. Prerequisite: ECB 302. (Social Science) KNOOP

323. International Economics Seminar

Theory of international specialization and world trade, the institutions and mechanisms of world trade and payments, and major policy issues of concern to both industrial and developing economies. Prerequisite: ECB 302. (Social Science) FAROOQI

337. Economics of Recessions and Depressions

Investigation into the causes and economics of recessions, depressions, and expansions. Included will be a broad review of the history of macroeconomic thought, the development of which has focused on explaining business cycles. The Great Depression will be examined in detail. An introduction to business forecasting will also be covered. Prerequisite: ECB 302. Alternate years. (Social Science)

340. Econometrics

Introduction to the use of statistics in economics and business, employing economic theory and real-world data in order to predict future demand for a product and to forecast levels of inflation and unemployment. Statistical methods include cross-section and time series analysis, and single and multivariate regression. Prerequisites: ECB 101, 102, and STA 201 or 348. Alternate years. KNOOP

341. Mathematical Economics

Application of mathematical techniques to economic analysis, with emphasis on the theory of demand and the theory of the firm. Constrained and unconstrained optimization. Decision-making under uncertainty. Prerequisites: ECB 102 and MAT 120 or 121. Alternate years. (Social Science)

351. Financial Management

Analytic tools of economics and accounting applied to a firm's financial value. Economics of the securities and financial markets in which firms obtain capital. Prerequisite: ECB 253. (Social Science)

352. Financial Management Seminar

This course explores the emerging field of Enterprise Risk Management (ERM), which focuses on risk mitigation strategies employed by firms against the various risks they face. There is a particular emphasis on financial risk management. Prerequisite: ECB 301 or 302. (Social Science)

354. Business Analytics II

This course applies formal tools of microeconomics to decision-making problems facing management. The primary goal is to bridge the gap between the abstraction of economic theory and the real life setting in which business decision-makers work. Students will be introduced to a range of management planning and decision-making activities and some of the quantitative tools that managers use to solve these problems. The quantitative tools will be taught in MS Excel 7.0. Through business cases, students will find themselves in a manager's shoes. Topics include: linear programming, sensitivity analysis, and simulation. Prerequisite: ECB 301. HEJEEBU

356. Economics of Organizations

Organizational Economics offers an economic approach to the study of management. We explore how concepts such as optimization and equilibrium can be applied to real problems inside the firm, such as the design of effective performance evaluation systems and employee compensation plans. We consider in detail the problem of assigning decision-making authority within a company. Organizational economics views the firm as a collection of contractual relationships. Topics covered include contract theory, incentives within organizations, relational contracting, and careers in organizations. The course will use Harvard Business School case studies and will invite business practitioners. Prerequisite: ECB 301. Alternate years. HEJEEBU

365-369. Advanced Topics

Selected topics of current interest in economics and business. Check individual course description for prerequisite(s). See Topics Courses.

380. Internship in Economics and Business

Observation of and participation in activities related to Economics and Business courses and to the career goals of the student. The student works with a business, government, or other appropriate institution under the direction of the organization's leaders and a faculty supervisor. Prerequisites: junior standing; courses that adequately prepare the student for the internship; and approval by the faculty supervisor. Internships are normally for two terms. The maximum credit that may be earned in an Economics and Business internship is three term credits. A maximum of two course credits may be counted toward satisfying the requirement of nine course credits numbered in the 300s or 400s for the Bachelor of Arts degree. (CR) See >Courses 280/380>>.