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Catalog 2011-2012
Table of Contents


Economics (BECN)
Finance

BECN 2103   Macroeconomics
An introduction to the nature and theory of Economics and the theoretical tools of macroeconomics. The course includes the introduction of supply and demand, examination of national income accounting, the role of government to include fiscal and monetary policy, the American banking system, and international trade. Class 3. (Fall)

BECN 2203   Microeconomics
A study of microeconomics beginning with demand and supply theory and continuing with examination of the costs of production, price and output determination under pure competition, monopoly, oligopoly, and monopolistic competition (the study of price-taking and price-searching firm). Class 3. (Spring)

BECN 3103   Money And Banking
A study of the fundamental theories of money and banking. It is a study of the economic role of the banking system and financial institutions, the Federal Reserve System, monetary policy, and instruments of international finance. Class 3. Prerequisite: BECN 2103. (Fall, Even years)

BECN 3203   Intermediate Price Theory And Resource Allocation
This course presents a general theory of prices and markets. It includes an investigation of the behavior of individual consumers and producers; the market for a single commodity; the interrelations between various markets in a system where all prices are determined simultaneously; and "what ought to be" as covered in welfare economics. Class 3. Prerequisites: BECN 2203 and MATH 1503. (Fall, Odd years)

BECN 3303   Theory Of Income And Employment
This course studies aggregate growth and equilibrium models. It considers both the real and monetary aspects of national income accounting and employment. It includes a treatment of advanced macroeconomic measurement, theory, and policy. Class 3. Prerequisites: BECN 2103 and MATH 1503. (Spring, Odd years)

BECN 4303   International Economics
This course provides an experience-based approach to international economics issues, including trade theory, trade policy, balance-of-payments accounts, foreign exchange, international financial markets, and international economic policy. (Offered by international study program participation only) Class 3.

BECN 4941-4944   Special Topics
A one-to-four credit hour course to be utilized for seminars, special lectures in topics not offered in the catalog, and as a mechanism for developing new courses. Subjects offered under this number may include any area in the field of economic study. This course may be taken more than one time when the topics are different. Class 1-4. Prerequisites: BECN 2103, BECN 2203 and Consent of Instructor.