The Department of Economics and the Department of World Languages and Cultural Studies jointly offer a career-oriented program that combines the study of international economics with knowledge of a world language and the politics, history, and cultures of other countries. International economics is offered in both the BA and BS.
Students who wish to acquire a strong background in economics should choose the BS, which emphasizes economic decision making within a global environment. The requirements for the BS in International Economics are as follows:
4.00
Introduction to the organization and operation of a market economy with a focus on how it allocates scarce resources; development of the economic way of thinking. The analysis of the theory of consumer demand and the profit-maximizing behavior of firms; examination of pricing and output decisions of firms under conditions of competition and imperfect competition in a global marketplace. Analysis of markets for labor and capital. Policy issues include price ceilings and floors, trade barriers, competition and monopoly. Required of all majors in Economics. Normally offered every semester.
Social Science,BSJ SOCIAL SCIENCE
4.00
This course provides an analysis of relationships among variables such as inflation, employment, economic growth, national income, and the supply of money. Heavy emphasis is placed on the role of government in setting both fiscal and monetary policy goals to achieve a stable economy. Balance of trade and exchange rates are examined to help provide an understanding of the global economy. Required of all majors and minors in Economics. Normally offered every semester.
Social Science,BSJ SOCIAL SCIENCE
MATH 130, MATH 134, MATH 146 OR MATH 165
4.00
Application of statistical analysis to real-world business and economic problems. Topics include data presentation, descriptive statistics including measures of location and dispersion, introduction to probability, discrete and continuous random variables, probability distributions including binomial and normal distributions, sampling and sampling distributions, statistical inference including estimation and hypothesis testing, simple and multiple regression analysis. The use of computers is emphasized throughout the course. Normally offered each semester.
Quantitative Reasoning
STATS 250
4.00
This application-oriented course is designed to go beyond the topics covered in STATS 250. It includes topics like Analysis of Variance (ANOVA), special topics in regression analysis and index numbers. Further, time series data, which consist of values corresponding to different time intervals, are analyzed. The objective is to examine past time series values to forecast, or predict future values. Seasonal variations are also incorporated in the forecasts. The course will provide useful computer skills involving various statistical packages and is an excellent preparation for graduate work in business and social sciences.
Social Science
EC 101 and EC 102
4.00
This course examines theories of international trade. The policy implications of each theory are explored and the effect of trade on the welfare of the nation is examined. Also the development of trade blocs and the the political economy of trade are studied. Normally offered every year.
Social Science,Asian Studies,BSJ SOCIAL SCIENCE
EC 101 and EC 102
4.00
The balance of payments and foreign exchange markets and instruments, and the determination of exchange rates. Balance-of-payments adjustments under alternative exchange-rate systems, international liquidity, international economics policy and open economy macroeconomics.
Social Science,BSJ SOCIAL SCIENCE
Students who wish to acquire a broad liberal arts preparation with a strong emphasis on languages and cultures should choose the BA. Students choosing the BA take five courses in French or Spanish or German. Those who enter the program with considerable foreign language experience will be required to take alternative courses as determined by advisor. The requirements for the BA in International Economics are as follows:
4.00
Introduction to the organization and operation of a market economy with a focus on how it allocates scarce resources; development of the economic way of thinking. The analysis of the theory of consumer demand and the profit-maximizing behavior of firms; examination of pricing and output decisions of firms under conditions of competition and imperfect competition in a global marketplace. Analysis of markets for labor and capital. Policy issues include price ceilings and floors, trade barriers, competition and monopoly. Required of all majors in Economics. Normally offered every semester.
Social Science,BSJ SOCIAL SCIENCE
4.00
This course provides an analysis of relationships among variables such as inflation, employment, economic growth, national income, and the supply of money. Heavy emphasis is placed on the role of government in setting both fiscal and monetary policy goals to achieve a stable economy. Balance of trade and exchange rates are examined to help provide an understanding of the global economy. Required of all majors and minors in Economics. Normally offered every semester.
Social Science,BSJ SOCIAL SCIENCE
EC 101 and EC 102
4.00
This course examines theories of international trade. The policy implications of each theory are explored and the effect of trade on the welfare of the nation is examined. Also the development of trade blocs and the the political economy of trade are studied. Normally offered every year.
Social Science,Asian Studies,BSJ SOCIAL SCIENCE
EC 101 and EC 102
4.00
The balance of payments and foreign exchange markets and instruments, and the determination of exchange rates. Balance-of-payments adjustments under alternative exchange-rate systems, international liquidity, international economics policy and open economy macroeconomics.
Social Science,BSJ SOCIAL SCIENCE
MATH 130, MATH 134, MATH 146 OR MATH 165
4.00
Application of statistical analysis to real-world business and economic problems. Topics include data presentation, descriptive statistics including measures of location and dispersion, introduction to probability, discrete and continuous random variables, probability distributions including binomial and normal distributions, sampling and sampling distributions, statistical inference including estimation and hypothesis testing, simple and multiple regression analysis. The use of computers is emphasized throughout the course. Normally offered each semester.
Quantitative Reasoning
5 Courses
