Concordia College

ECON 201 B, S – Principles of Economics, 4 credits. E. An examination of both microeconomics and macroeconomics. Develops the laws of supply and demand and applies them to the study of the global economy, national economy, and individual markets. Examines political economy, which is the debate over the proper role of government in the economic order and economic policy positions of different schools of economic thought.

ECON 250 – Pre-May Seminar, 2 credits. 

ECON 252 – Public Policy Analysis, 2 credits. E1. This course examines a wide variety of societal problems and evaluates public policies that have been proposed and implemented to address those problems. Students will analyze problems using basic economic concepts and techniques and will utilize economic criteria for evaluating optimal public policy.

ECON 274 – Introduction to Business and Economics Statistics, 4 credits. E. An introductory course in statistics with applications in business and economics. The course covers descriptive and inferential statistics, including central tendency, dispersion, the frequency distribution, basics of probability theory, probability theory, random variables (central tendency, dispersion, and frequency distribution), confidence interval estimation, hypothesis testing, and simple and multiple linear regression. Recommended as background: MATH 121 – Calculus I or MATH 203 – Mathematics for the Behavioral Sciences

ECON 300 – May Seminar, 4 credits. MS.

ECON 301 –Intermediate Microeconomic Theory, 4 credits. E2. A more detailed and intensive examination of the subject of microeconomics including the theory of demand, the theory of supply, the theory of competition, market failure and regulation. Course examines both factor and product markets. Prerequisite: ECON 201B – Principles of Economics

ECON 302 – Intermediate Macroeconomic Theory, 4 credits. E1. A more detailed and intensive examination of the subject of macroeconomics including national income accounting; the Classical and Keynesian theories of the determination of real gross domestic production and the price level; New Classical and Rational Expectations theories of the determination of real GDP and the price level; monetary theories of the business cycle; macroeconomic analysis of the open economy; and monetary and fiscal policy. The influence of economic systems on economic growth is examined. Prerequisite: ECON 201 – Principles of Economics

ECON 312 X, SOC 312 – Global Development Issues, 4 credits. E1. Students are introduced to the social scientific approaches used to understand how demographic, institutional, cultural, economic and ecological factors influence, and are influenced by, societal development. Comparative case studies enable students to understand the structure and dynamics (e.g., population change) of human populations as they relate socioeconomic development.

ECON 320 X – Energy, Environment and Economics, 4 credits. D. An analysis of energy and environmental problems using macro– and microeconomic theory as the basic analytical framework. Perspectives from other disciplines such as political science, the natural sciences and religion are contrasted with those of economics. The course also serves as a prerequisite for a departmental May Seminar Abroad on this same topic. Prerequisite: ECON 201 – Principles of Economics

ECON 333 – International Economics I, 2 credits. B3. Evaluates the claims and criticism of two schools of political economy – liberalism and protectionism. Examines what economic theory/analysis has said about the arguments and conclusions of each school; the economic history of liberalism and protectionism since 1500; and major institutions of protectionism and liberalism, especially contemporary global trade and finance and regional trade and finance institutions. Prerequisite: ECON 201 – Principle of Economics

ECON 335 – International Economics II, 2 credits. B4. An economic history of the world economy that examines the role of trade and financial institutions in economic development. Examines the views of trade of the major schools of economic thought, especially Classical, Marxian/Socialist, Neo-classical, Keynesian, and Austrian schools. Other causes of economic development are also examined including resource supplies, domestic political values and institutions, entrepreneurship, the degree of development of financial institutions, the vitality of a culture, and foreign economic policy, whether it favors integration or its opposite. The process of economic development is examined in light of domestic and global political/economic institutions. Prerequisite: ECON 201 – Principles of Economics

ECON 354 – Statistics for Business and Economics, 4 credits. D. A course designed to deepen your understanding of regression analysis and applications. Extensive use of the computer software. MATH 110 – Pre-calculus, MATH 121 – Calculus I, or MATH 203 – Mathematics for the Behavioral Sciences

ECON 380 – Special Topics Lecture, 2 to 4 credits. D. Courses covering various topics of interest in this particular discipline are offered regularly. Contact department or program chair for more information.

ECON 390 – Cooperative Education Cooperative Education, 2 to 8 credits. E.

ECON 441 – Money Banking, and Financial Markets/Institutions, 4 credits. E1. This course examines money (historical and contemporary), the market for loanable funds, banking, other financial markets and institutions, the central bank, monetary theory and policy. The course focuses on the question of interest rate determination, whether by markets or by administration. The course examines the concepts of market failure and government failure as applied to banking and other financial institutions. Prerequisites: ACCT 155 – Principles of Accounting I and ECON 201 – Principles of Economics

ECON 480 – Independent Study Independent Study, 1 to 4 credits. D. This course provides an opportunity for individual students to conduct in-depth research of a particular topic under the direct supervision of a faculty member. Contact the department or program chair for more information.

International Business Courses

IBUS 210 – Introduction to International Business, 2 credits. B2. Students will gain an awareness of the economic, political, social, environmental and cultural dimensions of globalization. This course introduces students to the diversity and complexity of international business, its history and its future. Students will learn about the emergence of the multinational enterprise (MNE), and the challenges and problems associated with managing and operating an international business. Topics include international trade, finance, exchange rate markets, international investment and marketing, and issues involving the management of a global workforce. An awareness of cultural diversity issues and current world affairs is emphasized throughout the course. Prerequisite: ECON 201 – Principles of Economics

IBUS 380 – Special Topics, 2 to 4 credits. D. Courses covering various topics of interest in this particular discipline are offered regularly. Contact department or program chair for more information.

IBUS 390 – Cooperative Education, 2 to 8 credits. E. 

IBUS 480 – Independent Study, 1 to 4 credits. D. This course provides an opportunity for individual students to conduct in-depth research of a particular topic under the direct supervision of a faculty member. Contact the department or program chair for more information.