Economics is the discipline that seeks to understand and explain why people make financial decisions. The discipline focuses on the actions of players as large as a national economy and as small as an individual. Understanding rational economic behavior influences business decision making—from marketing and pricing decisions to resource allocation questions–and governmental actions and policies—from tax policy to allocation of government funding. This minor will benefit students who intend to pursue graduate degrees in business, law, or political science.
An understanding of the fundamental drivers of behavior of individuals and distinct companies.
An understanding of the fundamental drivers of decision-making by governmental units and large industries.
A basic understanding of the societal impacts of government and corporate decisions.
- ECN 2003: Principles of MacroeconomicsA study of aggregate economic performance with emphasis on national income, stabilization and growth, business cycles, monetary and fiscal policy, savings, consumption and investment, the multiplier effect, inflation, and current economic topics.
- ECN 2013: Principles of MicroeconomicsA study of the fundamental business organizations of the American economy, supply and demand, the theory of price determination, the theory of income distribution, marginal utilities and costs, international trade, comparative economic systems, and current problems.
- ECN 3303: Money & BankingA study of the principles of money and banking with consideration given to monetary policy, standards, and management, the Federal Reserve System, the commercial banking process, the U. S. Treasury, fiscal policy, and monetary legislation.