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Economics

Economics

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  • ECO 2030. Principles of Macroeconomics.  Demand and supply, free enterprise and capitalism, GDP and the business cycle, unemployment, inflation, fiscal and monetary policy, banking, international trade and finance, and other related topics. The course will help students understand current economic problems and policy debates. Four credits. Prerequisite: Sophomore standing.

 

  • ECO 2050. Principles of Microeconomics.  Theories of consumer and producer behavior, including demand and supply. elasticity, and consumer utility theory. Introduction to pure competition, monopoly, and other market structures in which businesses operate. Discussion of issues such as mergers and antitrust policy, regulation, cost-benefit theory, externalities and public goods, resource markets, poverty and income inequality, and other applied microeconomic issues. Four credits. Prerequisite: Sophomore standing.

 

Note: ECO 2030 or ECO 2050 will also count as one of the required general education social science courses. Students will need to take one more social science course in another department, to complete their Area II requirements.

 

  • ECO 2881, 3881, 4881. Special Topics. Variable credit. May be repeated.

 

  • ECO 3030. Intermediate Macroeconomics. A more in-depth study of economic growth and the business cycle. Analyzes competing macroeconomic theories. Explores monetary and fiscal policies, and their effectiveness in targeting unemployment and inflation, in closed and open economies. Four credits. Fall. Prerequisites: ECO 2030 and ECO 2050.

 

  • ECO 3050. Intermediate Microeconomics. A more in-depth study of how individual agents interact, in an environment of ever-changing prices. Topics may include utility models, market structures, dealing with risk and uncertainty, and the government regulatory environment. Four credits. Spring. Prerequisites: MTH 1310 or MTH 1410, ECO 2030, and ECO 2050.

 

  • ECO 3150. Econometrics. This course studies the application of quantitative methods to economic issues. Topics covered include simple and multiple linear regression, model testing and diagnostics, qualitative choice models, panel data, and models of volatility. Emphasis is placed on understanding and effectively communicating model results. Four credits. Fall, alternate years. Prerequisites: ECO 2030 or ECO 2050, AND STS 2610 or STS 2020.

 

  • ECO 3220. Labor Economics. A study of how wages and employment are determined in various types of labor markets. Topics will include labor-related issues such as the causes of unemployment, federal labor laws, unionization, immigration, and labor markets across the globe. Further, major government policies that affect labor markets such as the minimum wage and income and payroll taxes are also examined. Four credits. Fall. Prerequisites: ECO 2030 and ECO 2050.

 

  • ECO 3310. Money and Banking. A study of money, credit, and banking, with emphasis on the Federal Reserve System and current trends in monetary control. Students will gain a better understanding of the banking environment and bank managers’ strategies. Four credits. Spring. Prerequisites: ECO 2030 and ECO 2050.

 

  • ECO 3400. Free Enterprise and Capitalism. An analysis of the merits and ethical foundations of free enterprise and capitalism. The principles of free enterprise will be applied to a variety of historical and current issues ranging from business regulation and labor markets to health care, economic development in the Third World, and the environment. Four credits. Spring.  Prerequisites: ECO 2030 and ECO 2050.

 

  • ECO 3410. Environmental Economics. An economic analysis of issues involving environmental problems, management, and policies. Topics include resource scarcity and allocation, externalities, public goods, the tragedy of the commons and property rights. Regulatory versus market approaches as solutions to environmental problems will be examined and applied to current environmental policy issues. Four credits. Spring.  Prerequisite: ECO 2030 OR ECO 2050.

 

  • ECO/GBS 3460. International Economics. An overview of international trade and finance. Students will learn comparative advantage theories, and practical lessons for exporting. Other topics will include national trade barriers and the WTO, trade deficits, exchange rates, and the debate about trade’s impact on labor and the natural environment. Four credits. Prerequisite: ECO 2030.

 

  • ECO/GBS 4430. Comparative Economics. A comparison of capitalism and socialism, both in theory and practice. Students will gain an understanding of the economies and ways of doing business of the United States, Japan, Germany/EU, Russia, China, Mexico, and other representative countries. Four credits. Fall. Prerequisite: ECO 2030.

 

  • ECO 4444. Independent Study. Admission by permission of the Chair of Accounting, Finance, and Economics to undertake an assignment planned in advance. One to four credits.

 

  • ECO 4810-4815. Student Internship. Three, four, six, eight, ten or twelve credits.

 

CONTACT THE OFFICE OF ADMISSIONS

The High Point Admissions Office is Located in Wrenn Hall.

Tours are available 7 days a week. Please contact us to schedule your visit.
(800) 345-6993
(336) 841-9216
(336) 888-6382 (fax)
admiss@highpoint.edu

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