Northeastern State University

ECONOMICS (ECON)

2113 Principles of Macroeconomics #

An introduction to modern macroeconomics. Topics considered include a general overview of basic markets and the U.S. economy, international trade, national income accounts, the nature and causes of the business cycle, unemployment, inflation and growth, along with fiscal and monetary policy.

2213 Principles of Microeconomics #

An introduction to modern microeconomics. Topics considered include market structures and functioning, cost and supply relationships, consumer behavior, demand theory, product and resource pricing, revenue and profit relationships, and business ethics. Prerequisite: ECON 2113.

3013 Money and Banking #

A historical approach from inception to current developments concerning legal, ethical, and political considerations in regard to commercial banking, thrifts, and the Federal Reserve System. A synthesis of domestic and international variables necessary for economic stabilization. Prerequisite: ECON 2113. (Dual listing as FIN 3013.)

4613 Government and Business #

This course examines the government’s response to market failure. Problems considered will include public goods, monopoly, network externalities, and incomplete information and the market’s challenge in providing goods and services under these conditions. Prerequisite: ECON 2213.

4633 International Economics and Trade #

The theory and application of economic analysis to the sphere of the open economy. Emphasis placed upon United States trade patterns with various nations. Prerequisite: ECON 2113 and 2213.

4710 Special Topics in Economics

Study of an economic topic of current or special interest.