FOR INFORMATION, CONTACT
Karen Ebeling, Ph.D.
Liberal Arts Building‚ Room 205D
Direct: (313) 927-1293
E-mail: kebeling@marygrove.edu

PROGRAMS OFFERED
Economics Minor

FACULTY
Cynthia S. Blasses - RN, MBA, MA economics, CPUR; and Mark L. Trueman - MA economics and MS finance.

The Department of Economics offers courses to meet general education requirements and to serve business majors, students who major in different disciplines in the social sciences, and economics minors.

SYLABUSSES/HANDOUTS
ECN 202 Syllabus, Fall 2007 (.pdf)
ECN 341 Syllabus, Fall 2007 (.pdf)

SPECIFIC INFORMATION
The minor in economics provides students who major in other disciplines a broader perspective. This minor is highly recommended for business majors and majors in other social sciences. The economics minor consists of 20 credit hours in economics.

USEFUL LINKS
Here are some useful economics links:
Bureau of Labor Statistics Occupational Outlook - The Bureau of Labor Statistics provides occupational information for every college student. The Occupational Outlook Handbook provides information about a variety of careers. Information included in this on-line edition includes; training requirements for the job, earnings, job prospects for the future, expectations for a particular job, and working conditions.
Bureau of Labor Statistics - shows the unemployment rate and inflation rate.
Bureau of Economic Analysis - shows economic productivity and the Gross Domestic Product
Federal Reserve - shows current Monetary Policy and banking regulation information
World trade Organization - Is an international organization which is involved in rules of global trade.
Organisation for Economic Co-operation and Development - Is a 30 country member group which are engaged in market economics.
Department of Commerce - Is an organization which fosters, promotes, and develops both foreign and domestic trade.
Congressional Budget Office - This organization provides both budget and economic projections.
International Monetary Fund - Is a group of 184 countries which work to promote economic growth through global monetary cooperation.
US National Debt Clock - Is a US National debt tracker.

MINOR IN ECONOMICS

A. Required courses
Two of the three introductory courses:
ECN 200 Introductory Macroeconomics
ECN 202 Economic Dimensions
ECN 203 Introductory Microeconomics

Two of the following three courses:
ECN 310 Money and Banking
ECN 361 International Economics and Finance
ECN 305 Introductory Statistics

B. Other Electives

COURSE DESCRIPTIONS

ECN 200 Introductory Macroeconomics 3 hours
Prerequisite: MTH 100; Sophomore standing; Term: 1, 2, summer. General Education option
Principles of macroeconomic analysis, determination of national income and employment level; the monetary system; and stabilization policies.

ECN 202 Economic Dimensions 3 hours
Prerequisites: Sophomore standing; Term: 1, 2, summer. General Education option
Fundamentals of micro and macroeconomic analysis presented in the context of
contemporary socioeconomic problems and policy alternatives. Second course in
the social science sequence.

ECN 203 Introductory Microeconomics 3 hours
Prerequisites: ECN 200 or 202, MTH 100; Sophomore standing; Term: 1, 2 .
General Education option
Focuses on theory of the individual firm in short and long run analysis; profit maximization under different market structures; and analysis of resource allocation and income distribution.

ECN 305 Introductory Statistics 4 hours
Prerequisite: MTH 100 or equivalent; Term: 1, 2, summer
Fundamental principles of descriptive and inferential statistics with applications to
social sciences.

ECN 307 Finance 4 hours
Prerequisites: ACC 234, ECN 200, ECN 203; Term: 2
Study of the basic theoretical framework for decision-making in financial management. Includes financial planning, fund requirements and sources, and fundamentals of
capital budgeting.

ECN 310 Money and Banking 3 hours
Prerequisites: ENG 108, ECN 200 or ECN 202; Term: 1
Emphasis on operation and control of monetary and banking system in relation to
government fiscal policy and international finance.

ECN 340 American Labor History 1-4 hours
Prerequisites: ENG 108; HIS 252 or HIS 253 recommended.
The history of the working class and trade union movement in the United States from
the mid-19th century to the present.

ECN 341 Issues in Economics 1-4 hours
Prerequisite: ECN 200 or 202 or 203. Offered as needed
Examination of various issues and problems in economics at the present time.

ECN 345 Problems in American Economic History 3 hours
Prerequisites: ENG 108, ECN 200 or 202
The process of American economic development; historical roots of contemporary
economic problems.

ECN 361 International Economics and Finance 3 hours
Prerequisite: ECN 200 or 202 or 203. Offered as needed
Focuses on international trade, investment, and finance issues since the end of World War II. Includes the study of important international monetary and trade organizations and the study of the effect of regional integration and cooperation on trade and investment.

ECN 365 Economics of the Third World 3 hours
Prerequisite: ECN 200 or 202. Offered as needed
Study of the theories of economic development, as well as the economic relationship between developed and third world nations.

ECN 384 Consumer Money Management 3 hours
Prerequisites: Introductory BUS and ECN, BUS 266 or FCS 383 Term: 2; alternate years
Principles of management applied to the financial needs and resources of the individual
and family. Emphasis on financial planning, income distribution, consumer financial
services and protection, use of credit, insurance and investments.

ECN 388 Cooperative Field Experience 2-6 hours
Prerequisite: Departmental approval; Term: 1, 2
Supervised work experience in activity related to area of specialization, planned in
consultation with advisor, co-op supervisor and employer. Recording, reporting and evaluation of experience will be required.

ECN 491 Independent Study 1-4 hours
Prerequisite: At least one course in economics; Term: 1, 2
Advanced research and presentation of critically evaluated data.

12/05