ECON101: Principles of Economics: Macro

A study of the American economy, analytically and institutionally; the achievement of an optimal allocation of resources, price stability, full employment level of national income and long term growth. Meets Gen Ed 2002 - Social Science, Social Science. Meets the 1983 General Education Requirement (GER) - Social Science, Survey Course. 3 sh.

ECON102: Principles of Economics: Micro

Organization and operation of the American economy for the production and distribution of goods and services. Pricing of products and factors of production in market situations varying from competition to monopoly. Resource allocation, price determination and behavior of the firm in the determination of quantity of output and the hiring of factors of production. Meets Gen Ed 2002 - Social Science, Social Science. Meets the 1983 General Education Requirement (GER) - Social Science, Survey Course. 3 sh.

ECON204: Real Estate Principles & Practice

An introduction to the economics of the real estate business, including the general practices and the language of real estate. Providing a basic knowledge of the real estate business the course covers such topics as the physical, legal, locational and other characteristics of real estate. The course emphasizes the market evaluation and financing of real estate, the nature of real estate markets and the regional and local factors that may influence real estate values. Ethical issues are emphasized throughout the course. 3 sh.

Prerequisites: ECON 101 and ECON 102 and MKTG 240.

ECON206: Managerial Economics

The application of economic theory in the decision-making processes of the firm; utilization of economic analysis in the study of demand, costs, pricing and capital investment decisions. 3 sh.

Prerequisites: ECON 203 or ECON 101 and ECON 102 and INFO 270 or ECON 101 and ECON 102 and INFO 271.

ECON207: Intermediate Microeconomic Analysis

The basic determinants of market demand. Input-output relationships in determining cost structure. Determination of prices received by resource owners in the productive process. Theory of the firm and pricing in different types of market organization with varying degrees of competitive conditions. 3 sh.

Prerequisites: ECON 101 and 102.

ECON208: Intermediate Macroeconomic Analysis

The factors comprising aggregate demand and how they interact to determine the level of employment, output and the price level; the role of monetary and fiscal policy. 3 sh.

Prerequisites: ECON 101 and 102.

ECON215: The Economics of Social Problems

The extent, causes and consequences of poverty, inequality and insecurity. An appraisal of reforms, social insurance, medical care, public housing, rural development. The economics of discrimination and educational opportunity. Meets the 1983 General Education Requirement (GER) - Social Science, Topic Course. Meets the Human and Intercultural Relations Requirement (HIRR). Meets the World Languages and Cultures Requirement - World Cultures. 3 sh.

ECON221: Economics of Professional Sports

This course applies economic analysis to the professional sports industry under alternative institutional structures. The course addresses the structure and conduct of various sports markets in terms of the relationship between economic theory and evolving public policy alternatives. 3 sh.

Prerequisites: ECON 101 and ECON 102.

ECON223: Economics of Fine and Performing Arts

This course applies economic analysis to various aspects of the fine and performing arts field. It includes an examination of theater economics, museum economics, and cinema economics, based on microeconomic theory of decisions as it applies to for-profit and non-profit institutions. 3 sh.

Prerequisites: ECON 101 and ECON 102.

ECON250: Selected Topics in Economics

An in-depth study of a particular theoretical or applied area of economics. May be repeated twice for a maximum of 9.0 credits as long as the topic is different. 3 sh.

ECON300: World Resources and Industries

Distribution, flow and consumption of mineral resources. Political, economic and social implications of the geography of resources. Basic studies in industrial location, agricultural land use, problems of economic development and population-resource ratios. Examines world trend in production controls and market allocations. Cross listed with Earth and Environmental Studies, EUGS300. 3 sh.

Prerequisites: ECON 101 or EUGS 101 or EUGS 102.

ECON301: Money and Banking

An analysis of the economic role of money and credit in our economy with primary emphasis on federal reserve and treasury operations. 3 sh.

Prerequisites: ECON 101 and 102.

ECON303: Economic Growth and Development

Problems of hastening the growth of countries with low incomes per person; the requisites for the economic development, the obstacles to such development, the strategy and tactics of development and aid for development. Meets the 1983 General Education Requirement (GER) - Social Science, Non-Western Cultural Perspectives. 3 sh.

Prerequisites: ECON 207.

ECON305: Commercial Real Estate: Theory and Practice

By developing an understanding of the relevant market structures, institutional frameworks (e.g., tax laws, social regulations, monetary policy, etc.) and appropriate analytical tools, this course provides students with an operational knowledge of investing in commercial real estate. The analysis focuses on real world examples and emphasizes the use of computer-based programs. 3 sh.

Prerequisites: ECON 204.

ECON308: Public Finance

The impact of governmental expenditures, taxes and debt operation on resource allocation, income distribution, economic stabilization and economic growth. 3 sh.

Prerequisites: ECON 207 or 206.

ECON311: Labor Economics

The determinants of wages in the organized and unorganized markets; a historical survey and analysis of the principal institutions and central processes in the labor and manpower areas; an examination of current issues in labor relations. 3 sh.

Prerequisites: ECON 207 or 206.

ECON312: Business Cycles and Forecasting

Fluctuations in economic activity which characterize modern industrial economies. Definitions, descriptions and statistical measurement of business cycles are presented along with theories describing the causes of the cycles. Practical application of forecasting techniques to predict the course of future economic and business activity. 3 sh.

Prerequisites: ECON 203, or INFO 270, or INFO 271 and ECON 208.

ECON401: Financial Institutions

The structure and operation of financial institutions, their role in the economy and in the money and capital markets. The techniques and objectives of monetary policy and its effect on financial institutions. 3 sh.

Prerequisites: ECON 208 or 301.

ECON402: International Economics

The how, why and consequences of the movement of goods, services and factors of production in international exchange and an examination of the financial arrangements used to facilitate trade. 3 sh.

Prerequisites: ECON 101 and 102.

ECON403: Comparative Economic Systems

The economic systems of planned and mixed economies with special emphasis on the Soviet Union, China, the United Kingdom, the Scandinavian countries and the United States. Meets the 1983 General Education Requirement (GER) - Social Science, Topic Course. 3 sh.

Prerequisites: ECON 101 and ECON 102.

ECON405: Economic Development of Sub-Saharan Africa

An examination of economic policies in Africa as they affect prospects for growth and development of the region. Students will engage in a variety of research projects that combine theory with analytical tools to derive policy-relevant findings. Meets the World Languages and Cultures Requirement - World Cultures. 3 sh.

Prerequisites: ECON 203 and 207.

ECON409: Economics of National Security

This course applies economic analysis to basic dimensions of national security under alternative institutional structures. The course addresses political, economic, financial, and environmental issues, and includes and analysis of recent innovations in risk management as they apply to the economics of national security in a variety of policy settings. 3 sh.

Prerequisites: ECON 101 and ECON 102.

ECON414: Economics of Natural Resources and Global Warming

This course links economic analysis of the technology and economics of natural resources to global warming. The focus is on the structure of domestic and international natural resource markets, how pricing is derived, and how utilization of natural resources is relate to patterns of global warming. 3 sh.

Prerequisites: ECON 101 and ECON 102.

ECON420: Econometrics

An introduction to the techniques of applied economic (social science) research. Examination of the tools necessary for applied economic research and methods for dealing with certain problems inherent in economic data. The primary emphasis will be on the application of the techniques to economic data. 3 sh.

Prerequisites: ECON 101, and ECON 102, and ECON 203, or INFO 270, or INFO 271.

ECON438: Advanced Seminar in Economics

A seminar designed to integrate economic theory, quantitative tools, and institutional knowledge in a series of applied issues. Students are required to undertake a number of specific oral and written projects that describe their understanding of key elements within the discipline. This course serves as a capstone for Economics students. Meets the University Writing Requirement for BAEC, ECBE, ECOE and ECON majors. 3 sh.

Prerequisites: ECON 206 or ECON 207; ECON 208; INFO 270; seniors only; ECON, ECBE, ECOE and BAEC majors only.

INFO270: Statistics for Business

This course is a comprehensive introduction to the application of modern statistical methods. Topics covered include: descriptive statistical methods of data analysis; an introduction to probability theory; an introduction to discrete and continuous probability distributions and mathematical expectation; classical statistical inference - sampling distributions, confidence interval estimation, and hypothesis testing for means and proportions; regression and correlation; and an introduction to time series analysis. Spreadsheet software is integrated in all topics. Cross listed with Mathematical Sciences, MATH 270. 3 sh.

Prerequisites: MATH 114. May not be taken for graduation credit by College of Science and Mathematics majors.

INFO273: Introduction to Computers in Business

This course provides an introduction to the use of computers within a broad global business environment through an introduction to the skills, concepts, and capabilities necessary to effectively use information technology in organizations. Strong emphasis of the course is on building competencies in industry-approved software programs, such as Microsoft Windows, Microsoft Office Professional Suite, including Word, PowerPoint, Excel and Access. 3 sh.

MATH114: Mathematics for Business II: Calculus

The general aim of this course is to introduce the students to the basic skills of differentiation, integration, maxima-minima problems and several of the other applications of calculus, including modeling, especially models in business and economics. 3 sh.

Prerequisites: MATH 100 or placement through the Montclair State University Placement Test (MSUPT) or a satisfactory score on department's Business Calculus Readiness Test. (Students who did not satisfy the course prerequisite at MSU and students who received a grade of D-, D, or D+ in the prerequisite course taken at MSU are required to demonstrate competency on the department's Business Calculus Readiness Test.)