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Karen Ebeling, Ph.D.
Liberal Arts Building‚ Room 205C
Direct: (313) 927-1293
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Economics Minor

Pao-yu Chou, Ph.D.

Economics Overview

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.

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 a minimum of 20 credit hours in economics.

Economics Course Descriptions

ECN 200   Introductory Macroeconomics   3 hours
Prerequisite: MTH 100; Sophomore standing; Term: 1. 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 socio-economic problems and policy alternatives. This course is intended to satisfy general education requirements only, and can­not be counted toward a minor in economics.

ECN 203  Introductory Microeconomics  3 hours
Prerequisites: ECN 200 or 202, MTH 100; Sophomore standing; Term: 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/POL/PSY/SOC 305 Introductory Statistics  4 hours
Prerequisite: MTH 100 or equivalent; Term: 1, 2
Fundamental principles of descriptive and inferential statistics with applications to social sciences. May include use of statistical software.

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/HIS 340  American Labor History  3 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  4 hours
Prerequisite: ECN 200 or 202 or 203. Offered as needed
Examination of various issues and problems in economics at the present time. Writing intensive.

ECN/HIS 345  Problems in American Economic History  3 hours
Prerequisites: ENG 108‚ ECN 200 or 202. Offered as needed
The process of American economic development; historical roots of contemporary economic problems.

ECN 361  International Economics and Finance   4 hours
Prerequisite: ECN 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. Writing intensive.

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: ECN 200 or 202. 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.

Minor in Economics

A. Required courses
ECN 200        Introductory Macroeconomics
ECN 203        Introductory Microeconomics
ECN 310        Money and Banking
ECN 305        Introductory Statistics
ECN 341        Issues in Economics
ECN 361        International Economics and Finance

B. Other Electives, such that when combined with the required courses above, total a minimum of 20 credit hours in economics.