Academic Course Descriptions
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References to the timing of course offerings which follow
apply only to day courses. Evening and summer school course offerings
are scheduled according to need. Christian Brothers University reserves
the right to cancel classes at any time due to insufficient enrollment.
ECONOMICS COURSES
ECON 209. HONORS PRINCIPLES OF MICROECONOMICS
This course will focus on the mechanisms employed by the free enterprise
system to answer the production, allocation, and distribution questions.
Students will develop an understanding of the importance of incentives
and individual decision-making and its impact on outcomes. Finally,
there will be a study of market failure, the proper role of government,
and government failures. One semester; three credits
ECON 211. PRINCIPLES OF MACROECONOMICS
This course focuses attention on the aggregate or macroeconomic relationships
and gives attention to the central problems of economic organization,
the functioning of the price system, the economic role of government,
the determination of national income, employment, the rate of inflation,
and fiscal and monetary policy. Further, the student is introduced to
the interactions between aggregate markets such as the product market,
the factor/labor market, and the money market. Offered in the Fall and
Spring. One semester; three credits
ECON 212. PRINCIPLES OF MICROECONOMICS
Attention is focused on the mirco concept of economic analysis, and
primary attention given to the theory of the firm and partial equilibrium
problems arising within any enterprise economy. Attention is also given
to government regulation of business, the theory of income distribution
as it pertains to the determination of wages, rents and profits, and
international trade. Offered in the Fall and Spring. One semester; three
credits
ECON 303. MONEY AND BANKING
A general survey of credit and credit instruments, activities and policies
of financial institutions such as commercial and savings banks, the
Federal Reserve System, and investment banks. Study of the place of
money in modern economic life, including its relation to prices, employment,
and business activity. Prerequisites: ECON 211, 212. Offered in the
Fall semester. One semester; three credits
ECON 314. HISTORY OF ECONOMIC THOUGHT
An analysis of the history and development of economic doctrine as advanced
by the various schools of thought: Medieval economic thought, the Mercantilists,
the Physiocrats, the Classical School, rise of Socialism, the teachings
of the Church, recent trends in economic thought, Keynes and the work
of contemporary Americans. Prerequisites: ECON 211, 212. One semester;
three credits
ECON 343. INTERMEDIATE MACROECONOMICS
The theory of national income and employment, analysis of aggregate
demand, the general degree of utilization of productive resources and
the general level of prices as well as related questions of policy.
Prerequisites: ECON 211, 212. Offered in the Fall semester. One semester;
three credits
ECON 344. INTERMEDIATE MICROECONOMICS
A study of basic economic theory as it pertains to the individual economic
units of a society, a study of the tools which are used in analyzing
these units. Price determination, market analysis, and resource allocation
are stressed. Prerequisites: ECON 211, 212. Offered in the Spring semester.
One semester; three credits
ECON 346. CURRENT ECONOMIC TOPICS
Analysis and discussion of current issues from an economic perspective.
Possible subject areas include the environment, health care, comparative
economic systems, welfare, growth and development, crime, religion and
economics, and other current topics. The course may examine several
current issues or may focus on just one or two. Offered as needed. One
semester; three credits
ECON 400. ECONOMICS INTERNSHIP (Formerly
BUS 400)
Under the supervision of a faculty member from the appropriate department,
students in the School of Business, after receiving the approval of
the faculty, are placed in the offices of cooperating firms to receive
on-the-job training under the supervision of members of the firm. Credit
is granted upon acceptance of periodic reports and a final summary report
of work done verified by the authorized supervisor and the instructor.
Offered in the Fall and Spring. Pass/Fail Grading. One semester; three
credits
ECON 419. LABOR ECONOMICS
Labor economics covers the principles of labor-management relations
and the history of organizations. The emphasis of the course is on the
legal and economic problems of labor relations. Union organization and
policies, the collective bargaining process, and the nature of labor
problems in light of social encyclicals of the Church are analyzed.
Subjects which are developed include but are not limited to: the role
of industrialization, comparisons of the American labor movement with
its European counterparts, unemployment and inflation, the legal aspects
of labor relations, the role of nonwage benefits, minority problems
and resolutions, and the manpower and education programs in use today.
Further the course provides the student with a working knowledge of
the problems inherent in working in the economic and social environments
of both industrialized and underdeveloped economies. Prerequisites:
ECON 211, 212. One semester; three credits
ECON 420. MANAGERIAL ECONOMICS
This course focuses on the application of economic theory to
the problems and decisions faced by business managers in a market-oriented
economy. The economic aspects of business departments such as marketing,
finance, accounting, and law are explored and integrated into the applicable
economic theories and models. Thus, in a very general sense, this course
attempts to provide the student with a method of looking at the world
of microeconomics through the eyes of an economist and from the perspective
of a business person. Prerequisites: ECON 211, 212. Offered in the Spring
semester. One semester; three credits
ECON 422. INTERNATIONAL TRADE AND FINANCE
This course is designed to provide the student with a basic understanding
of the principles of international trade, marketing, and finance. Specific
topics which will be introduced include but are not limited to: tariffs,
subsidies, import restrictions, foreign exchange, methods, agencies,
and middlemen and business practices which influence trade relations.
In addition, students will study the basics of the field of International
Business including national differences in political economy and culture,
global trade and investments, foreign direct investments, regional economic
integration, foreign exchange markets, and strategic alliances. Prerequisites:
ECON 211, 212. Offered in the Fall semester. One semester; three credits
ECON 460. SPECIAL TOPICS IN ECONOMICS
The reading and discussion of significant economic literature. The course
is designed to improve the student’s approach to modern economic
problem solving and to stimulate economic thinking and the analysis
of modern business problems. A study of basic economic theory as it
pertains to the individual economic units of society and the study of
tools which are used in analyzing these units. Price determination,
market analysis and resource allocation are stressed. Prerequisites:
ECON 211, 212. Offered in the Spring semester. One semester; three credits
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