Economic Courses | Troy University

Economic Courses (ECO)

ECO 6630

Advanced Macroeconomics (3)

 

A survey of modern economic theories of the business cycle. The mathematical methods employed in macro and micro-foundations of macroeconomics will also be covered.

ECO 6631

Advanced Microeconomics (3)

 

A mathematical analysis of consumer choice, firm production decisions, and market exchange. Mathematical methods employed in microeconomics will also be covered.

ECO 6632

Econometrics I (3)

 

An introduction to regression analysis as employed in cross sectional time series econometrics. The statistical and probability tools required for regression analysis will also be covered.

ECO 6633

Econometrics II (3)

 

A survey of important regression models employed in econometric analysis. Topics will vary according to the interest of instructor, but could include forecasting models, panel data analysis, limited dependent variable, and spatial econometrics.

ECO 6634

Mathematical Economics (3)

 

An introduction to fundamental mathematical methods used in economic analysis: overviews of differential calculus, linear algebra, constrained optimization, and comparative statics. Also includes an introduction to mathematical statistics as applied to econometrics.

ECO 6652

Macroeconomics and Forecasting (3)

 

An analysis of the courses of business cycles with the applications of macroeconomic theory and economic forecasting techniques available to the business manager. Prerequisite: All business foundation courses or equivalent.

ECO 6654

Labor Economics (3)

 

An overview of the forces of supply and demand as related to labor markets; wage determination and resource allocation in U.S. labor market operations; the interrelationship of labor and the national economy, wages, prices, and employment; and labor economics in the microenvironment. An introduction to wage determination policies and strategies in a competitive global marketplace. Prerequisite: All business foundation courses or equivalent.

ECO 6655

Managerial Economics for the Global Manager (3)

 

A study of the decision-making process of business managers when operating in a global economy The efficacy of market based approaches to real world problems is considered. Various theories of the firm and managerial strategies are used to study the optimal decision-making rules for business firms when such firms must operate under conditions of uncertainty and in a global environment. Graduate standing, acceptance into the MBA program, all undergraduate business prerequisite courses or equivalent completed.

ECO 6657

International Trade and Economics (3)

 

Principles and problems of international economics, trade theory, international payments, and monetary policies, economic integration, international economic institutions and policies, and contemporary developments in political economy. Prerequisite: All business foundation courses or equivalent.

ECO 6660

Public Choice (3)

 

An analysis of government decision-making using economic models. Topics include voting, the theory of elections, interest groups, rent seeking, bureaucracies, and the organization of legislatures.

ECO 6661

Austrian Economics (3)

 

An introduction to the market process theory of the Austrian School of economics. Topics include spontaneous order, entrepreneurship, the discovery function of the market, information transmission, and the role of time and uncertainty in economic activity.

ECO 6662

History of Economic Thought (3)

 

An analysis of the development of economic thinking and the history of the discipline, including the contribution of major economists and trends in economic analysis.

ECO 6663

Economic Institutions and Prosperity (3)

 

Analysis of the role of institutions in an economic system and an examination of the types of institutions which allow for prosperity, growth, and human flourishing. Theories of institutional change may also be studied.

ECO 6664

International Economic Development (3)

 

Examination of theories and case studies of how nations develop and rise out of poverty. Topics would include the impact of foreign aid, comparative economic systems, and international trade. Specific countries of focus will vary with instructor.

ECO 6665

Monetary Theory and Policy (3)

 

Examination of the role of money, credit, and financial institutions in an economy, and the history of the development of money and financial institutions.

ECO 6666

Constitutional Economics (3)

 

Examination of the role constraints beyond election of government. Normative theories of constitutional constraints and comparative analysis of the performance of constraints will be covered. Theories of constitutional change will be examined.

ECO 6667

Economics of Public Policy (3)

 

Tools of economic theory used in the analysis of government sector policies. Topics will include normative vs. positive theories of government policy, cost-benefit analysis, theories of market failure, and comparative institutional analysis.

ECO 6668

Advanced Austrian Economics (3)

 

Further study of the Austrian theory of the market process. Topics include roles of the equilibrium construct in Austrian versus neoclassical price theory, capital theory, and the Austrian theory of business cycle. Prerequisite: ECO 6661.

ECO 6690

Master’s Research (3)

 

Directed research on a selected topic of economics, with the advice and approval of a faculty advisor, culminating in a research paper of appropriate length and original scholarship.

ECO 6695

Thesis Hours (1-9)

 

Directed research on a selected topic of economics, based on a student’s proposal, and with the advice and approval of a faculty advisor, culminating in a research paper of appropriate length and original scholarship. Pass/Fail