Southwest Baptist University Course Catalog 2006-2007

Course Descriptions - Economics
ECO 2003. Literacy In Free Enterprise (LIFE) Economics - 3 hours (Fall, Spring, Winterfest)This General Education course will help the student develop an understanding of economic systems based on freedom. Itwill emphasize the importance of individual initiative and involvement in day-to-day community and business matters.Developing literacy about individual responsibility in personal and community decision making is a primary concern. NOTE:For non-business majors; does not meet College of Business and Computer Science requirements. Not available to studentswho have taken a previous economics course. Prerequisite: 24 hours completed.

ECO 2023. Principles of Microeconomics - 3 hours (Fall)A study of economic principles with emphasis upon microeconomics. Includes a study of economics of the firm, consumerdemand theory and current problems. Prerequisite: 24 hours completed.

ECO 2033. Principles of Macroeconomics - 3 hours (Spring) Study of the basic principles of macroeconomics designed to give a broad understanding of the economy. Emphasis uponaggregate problems and issues considered important to the nation. Prerequisite: ECO 2023.

ECO 2061. SIFE Practicum - 1 hour (Fall, Spring) Students in Free Enterprise (SIFE) is a national collegiate educational organization. Students will design and implementprojects to educate various segments of the public about the nature and benefits of our American economic system. This course is a hands-on learning experience which will help develop the participant's communication and management skills.

ECO 2951-4. Special Topics in Economics - 1-4 hours (On demand) Topics will vary with each offering; therefore, the course may be repeated for credit.

ECO 3023. Money and Banking - 3 hours (Fall) Study of history and present characteristics of money and banking structure in the United States. Emphasis upon monetarypolicy as it affects economic activity. Prerequisites: ECO 2033.

ECO 3043. Managerial Economics - 3 hours (Spring) Combines the basic tools used by economists with techniques common in other business disciplines. This course deals withhow decisions are made in order to achieve an organization's goals. It emphasizes use of quantitative techniques to solveproduction, marketing, management and financing problems. Prerequisites: ECO 2033 and BUS 2023.

ECO 3053. International Economics - 3 hours (Fall, even years) A study of the theory, recent history and current problems of international trade. International economic institutions andpolicies are analyzed. Prerequisite: ECO 2033.

ECO 3063. Capital and Credit Markets - 3 hours (On demand) The principles involved in the market structure of interest rates along with the source and uses of funds in the financialmarkets. Prerequisite: ECO 3023.

ECO 4023. Special Topics in Economics/Finance - 3 hours (Winterfest) A study and discussion of the theory, recent history and current problems of economics and finance issues. Prerequisite: 60hours completed.

ECO 4951-4. Intensive Studies in Economics - 1-4 hours (On demand) Topics will vary with each offering; therefore, the course may be repeated for credit.

ECO 4981-3. Internship in Economics - 1-3 hours (Fall, Spring, Summer, Winterfest) Academically planned and supervised work experience in area(s) of the student's major within business or other organizations,approved by the faculty advisor and department chair as an enhancement to students' educational preparation at SBU. Writtenreports will be required from students and performance reports will be provided by the employer. A maximum of six semesterhours of internships may be applied to the major. Prerequisites: 60 hours completed.

ECO 4991-3. Independent Study in Economics - 1-3 hours (On demand) Independent study of a topic not covered in the regular curriculum under the direction of a faculty member in whose fieldof specialization the area lies. Prerequisite: 3.0 GPA in major field, and 60 hours completed.