Economics - Course Descriptions
Major in Economics


Course Descriptions - 2006-07

ECN 131 – Principles of Microeconomics
(3) F,S
Principles of economics with major
emphasis on the theory of the market
system (microeconomics), the economics
of international trade, and current
economic problems.

ECN 141 – Principles of Macroeconomics
(3) F,S
Principles of economics with major
emphasis on the system as a whole
(macroeconomics) and the role of government
through fiscal, monetary, and
other policies to maintain full employment
without inflation.

ECN 241 – Statistics
(3) F,S
Application of statistical methods in
management and economics.
Descriptive statistics, probability, normal
curve, sampling, confidence intervals,
hypothesis testing, correlation, and
regression. Prerequisites: Completion of
mathematics and computer requirements
in component one of core. Students may
not also take for credit Psychology/Sociology
211 or Mathematics 112.

ECN 331 – Intermediate Microeconomic Theory
(3) Y
Study of the concepts and tools for
analysis of the behavior of business firms
in their pricing, production, purchasing,
and employment policies; relationship of
the individual firm to the general pricing
process as applied to products and productive
agents under conditions of competition,
imperfect competition, and economic data.
Prerequisites: Economics 131 and 141.

ECN 332 – Managerial Economics
(3) Y
Introduction to econometric models and
the tools of econometric inquiry, including
the mathematics of estimating future
changes in national income, unemployment
levels, and other economic variables.
Prerequisites: Economics 131, 141,
and 241.

ECN 341 – Intermediate Macroeconomic Theory
(3) Y
National Product and income concepts,
measurements, and relationships; interrelationships
of the major segments of the national economy;
forces affecting the general level of economic
activity. Prerequisites: Economics 131 and 141.

ECN 343 – Money and Banking
(3) Y
Introduces student to general principles
of banking and theories of money.
Subjects covered are organization and
control of the banking system, commercial
bank functions and operations, central
banking principles and operation,
monetary theory. Students may not take
both Economics 343 and Finance 343
for credit. Prerequisites: Economics 131
and 141.

ECN 344 – Labor Problems
(3) Y
A study of the theory and operation of
the American labor market with particular
attention to problems of unemployment,
wage determination, trade unionism,
collective bargaining, and economic
insecurity. Prerequisites: Economics 131
and 141 or permission of instructor.

ECN 345 – History of Economic Thought
(3) IR
The evolution of economic thought during
the last 300 years. The socioeconomic
milieu as well as the theories of major
writers are considered. Prerequisites:
Economics 131 and 141.

ECN 346 – Government and Economic Life
(3) Y
Economic theory as applied to historic
and current issues of public policy.
Governmental planning and control of
industry, resources, prices, banking, and
business fluctuations. Prerequisite:
Economics 141.

ECN 348 – Business and Economic Forecasting
(3) IR
Study of methodology of forecasting
business activity of individual firms,
industries, and the economy.
Emphasizes forecasting of business
cycles and predictions of political and
social events which might enter into
business decisions. Prerequisites:
Economics 241 and Mathematics 144 or
permission of instructor.

ECN 349 – Urban Economics
(3) IR
The theory of the location of economic
activity in urban areas. Applications of
location theory and welfare economics
to problems of poverty, human
resources, housing, transportation, and
discrimination. Urban growth and
development. Prerequisite: Economics

ECN 375 – Health Economics
(3) IR
Economic problems faced by health care
industry. Production of health care,
market for health care, impact of health
insurance, and role of government

ECN 401 – The Economics of Competitive Strategy
(3) Y
Application of microeconomic principles
to managerial strategy. Economics
of scale and scope, merger activity,
transaction costs of market exchange,
alternative competitive strategies.
Prerequisites: Economics 131 and 141.

ECN 442 – Public Finance
(3) Y
Economics of the public sector. Analysis
of revenues and expenditures of federal,
state, and local governments; public
debt; tax incidence; tax policy; fiscal federalism;
and public choice theory.
Prerequisites: Economics 131 and 141.

ECN 443 – International Trade
(3) Y
Study of trade theory, international
monetary problems, commercial policy.
Critical study of world economic problems
with special emphasis on international
agencies and agreements.
Prerequisites: Economics 131 and 141.

ECN 445 – Environmental Economics
(3) IR
Introduction to the problem of the economic
obstacles in cleaning the environment.
Emphasizes the deficiencies of
economic theory in not accounting for
the waste products of our production.
Prerequisites: Economics 131 and 141.

ECN 447 – Comparative Economic Systems
(3) IR
Comparative analysis of the different
ways that countries solved their fundamental
economic problems. Covers all
systems from capitalism to communism.
Prerequisites: Economics 131 and 141.

ECN 449 – Foreign Trade Management
(3) Y
Practical knowledge of essential techniques
in export and import management.
Prerequisites: Economics 131
and 141.

ECN 470 – Internship
(3–12) IR
Guided experience in approved positions
with cooperating organizations.
Written assignments, periodic conferences,
and evaluation statement
required. Prerequisites: Economics 131,
141, 241, 331 or 332, 341.

ECN 474 – Economics Research Proposal
(1) Y
Reviewing the literature, developing data
sources and developing a research

ECN 475 – Research Methods in Economics
(3) Y
Research methods used by economists.
Statistical skills, computer applications,
library work, methods of organizing and
analyzing data will be studied. Research
project required. Prerequisite:
Economics 131, 141, 241, 331 or 332,
341 or 343, 474.

ECN 490 – Independent Study
(3) IR
Individually supervised research and
study. Provides opportunity for students
to engage in original research or to pursue
scholarly investigations beyond the
boundaries of established courses.
Arranged by agreement between the student
and his or her instructor, subject to
approval of division dean. May be
repeated once for credit, though with a
different topic. Prerequisite: junior


Note: The figure in parentheses following the title of the course indicates the credit hours per term. Courses that extend through two terms are shown as follows: (3, 3). Courses that are one term only are shown by: (3). Courses with variable credit are shown with the range of credit available, for example: (1-6).

Letters appearing after course credit hours in this section are explained as follows:
U=Summer Session
Y=at least once each academic year Check schedule for Winter Session
O=every other year

The College reserves the right to cancel any course if registration does not justify continuance and to make changes in curricula at any time. 



Rick Fenner, Ph.D.
Chair, Economics and Finance
123 DePerno Hall

(315) 792-3112
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(315) 792-3006
1600 Burrstone Road | Utica, NY 13502