Gannon University

FACULTY: Professor: Robert F. Booker, Associate Professor: Gary P. Mahan, Assistant Professor: Charles A. Bennett.

COURSE DESCRIPTIONS:

ECON 101: Basic Economics
The main objective of the course is to interest students in basic economic issues and the application of economic methods to study these issues. Each semester the topics may include the following issues: the environment, the global economy, poverty, unemployment, inflation, health care, crime, urban blight and labor productivity.
Basic Economics meets the Social Science requirements for the Core of Discovery.
3 credits

BCOR 111: Principles of Microeconomics
See the course description under the Business Core.
3 credits

BCOR 112: Principles of Macroeconomics
See the course description under the Business Core.
3 credits

ECON 199: Selected Topics in Economics
A comprehensive study of a specific topic in economics.
1-3 credits

ECON 211: Intermediate Microeconomic Analysis
An intermediate level course in the methods of microeconomic analysis, emphasizing supply and demand analysis, elasticity, production and cost principles, and pricing and output decisions under different market structures.
Prerequisites: ECON 101 or BCOR 111, or permission of the instructor.
3 credits

ECON 212: Intermediate Macroeconomic Analysis
An intermediate level course in the methods of macroeconomic analysis emphasizing national income determination and monetary and fiscal policy.
Prerequisites: ECON 101 or BCOR 112, or permission of the instructor.
3 credits

BCOR 221: Business Statistics
See the course description under the Business Core.
3 credits

ECON 241: International Economics
A study of the basis for trade between nations, balance of payment problems and the influence of national policies in dealing with trade, monetary problems, and the multinational business firms in the global economy.
Prerequisite: BCOR 111, 112, 306
3 credits

ECON 242: Economic Development
A study of the economics of growth as applied to less developed nations. There is an emphasis on the prerequisites for growth, the factors which retard growth, and public policies appropriate for achieving the desired rate of growth.
Prerequisites: BCOR 111 and BCOR 112 or ECON 211 or ECON 212
3 credits

ECON 243: Comparative Economic Systems
A study of how societies with differing social, political and economic preferences have organized themselves to satisfy human needs with an emphasis on the theory and practice of socialism, capitalism and modern variations.
Prerequisites: BCOR 111 and BCOR 112 or ECON 211 or ECON 212
3 credits

ECON 253: Environmental Economics
A study of environmental issues and of policies that propose to address them. Topics include property rights, public goods, externalities, Coase’ Theorem, and the institutions and policies designed to address problems associated with the environment.
Prerequisites: ECON 101 or BCOR 111
3 credits

ECON 285: Project Economics
This course develops the techniques necessary for understanding economic price theory, the time-value of money, and the basic issues surrounding organizational architecture.  These include issues surrounding supply and demand, cost-production, decision making and market models.  In particular, the course focuses on the application of these economic theories to projects, including issues surrounding risk analysis and triage, budgeting, planning, and scheduling necessary to the successful completion of a project.
Prerequisite: High School Calculus (MATH 140 or MATH 115 or equivalent)
3 credits, Fall

ECON 301: Monetary Theory
The influence of the quantity of money on prices, growth and employment and its relation to the central banking system’s control of the money supply.
Prerequisite: FINC 201
3 credits

ECON 321: Forecasting Methods
A study of forecasting methods and their application. Topics covered include data collection, time-series decomposition, moving average, exponential smoothing, correlation and regression.
Prerequisites: BCOR 221, CIS 150 or the equivalent.
3 credits

ECON 327: Econometric Methods
A study of the application of statistical methods to estimation and analysis of economic models.
Prerequisites: BCOR 221, CIS 150 or the equivalent.
3 credits

ECON 331: Public Finance
An application of microeconomic theory to the study of how government policies influence the economy. The course emphasizes the study of how government tax and expenditure policies affect the allocation of resources, the distribution of income, and the welfare of the citizens.
Prerequisite: ECON 211
3 credits

ECON 351: Managerial Economics
An application of economic and statistical methods to managerial decision making.
Prerequisites: BCOR 111, BCOR 221, CIS 150 or the equivalent.
3 credits

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