East Stroudsburg University
420 Normal St.
East Stroudsburg, PA 18301
(570) 422-3251
(570) 422-3020 (Fax)
Department Chair
Economics
Constantino Christofides
cchristofides@
po-box.esu.edu
(570)422-3329
Office Hours:
Monday - Friday
8:00 AM - 4:30 PM |
ECON 111 GE: Principles of Macroeconomics (3:3:0)
This course is an introduction to the theory of income determination. It covers the topics of national
income accounting, inflation, unemployment, fiscal policy, and monetary policy. A survey of consumption, investment, and multiplier theory is also provided.
ECON 112 GE: Principles of Microeconomics (3:3:0)
This course is an introduction to price theory, including theory of consumer behavior, production theory, and cost analysis; the study of commodity pricing under conditions of perfect competition, monopoly and imperfect competition; a survey of distribution theory, factor pricing, and international
trade and finance.
ECON 121 GE: Consumer Education (3:3:0)
This course consists of an analysis of human wants in the process of maximizing satisfactions; consumption and patterns of family life cycle are explored. Emphasis is on the individual and the principles and techniques which govern successful consumer behavior in the areas of budget planning, consumption expenditures, and credit transactions. Recent changes in consumerism are explored.
ECON 122 GE: Personal Finance (3:3:0)
This course applies the theoretical tools of microeconomics and business management techniques to the problems of consumer choice. Emphasis is placed on formulating and managing an investment
portfolio. This course includes a review of elementary accounting principles and an introduction
to federal income tax preparation techniques as well as retirement and estate planning.
ECON 221 GE: Contemporary Economic Problems (3:3:0)
This course is a survey of selected problems in the production, exchange, and distribution of wealth; i.e. attempts to quantify the empirical dimensions, assumptions and value judgments associated
with each problem. Economic theory and analytical techniques are applied to current problems.
ECON 236 Money and Capital Markets (3:3:0)
A comprehensive analysis of capital markets is presented via the flow of funds from saver-lender to borrower-spender. The development of financial markets, their present structure and operations techniques, and the merits of the innovative investments they have created are examined in detail.
Topics covered include money and credit instruments; risk analysis; determination of interest rates; structure and operations of money, debt, capital and Euro markets; government regulations of financial markets; behavior of depository, contractual and investment intermediaries; and an evaluation of the changing roles of financial institutions.
ECON 290 Special Topics (Semester hours arranged)
These courses are designed to meet specific needs of groups of students or are offered on a trial basis in order to determine the demand for and value of introducing them as part of the curriculum.
ECON 311 GE: Intermediate Macroeconomics (3:3:0)
Reviews and extends the theory of income determination, surveys consumption theories, and analyzes
problems of inflation and unemployment. It includes critical evaluations of fiscal, monetary, and income policies, as well as a brief introduction to modern theories of growth. Prerequisite: ECON 111.
ECON 312 GE: Intermediate Microeconomics (3:3:0)
This course reviews and extends the analysis of value and distribution: it covers traditional price theory techniques in production, exchange, and distribution for firms in markets of perfect and imperfect competition. It includes an introduction to general equilibrium analysis, linear programming,
and welfare economics. Prerequisite: ECON 112.
ECON 313 GE: International Trade (3:3:0)
This course examines the development of international trade and finance; it includes a survey of classical, neoclassical, and modern theories and analyzes balance-of-payments techniques and principles. It includes critical evaluation of the arguments for protection, the economic effects of tariffs and quotas, U.S. trade policy, international financial institutions, and international liquidity. Prerequisites: ECON 111, 112.
ECON 314: International Finance (3:3:0)
This course considers the monetary and financial flows between nations that results from the international trade of goods and services. Specific topics include a detailed examination of payments among nations, the foreign exchange markets, exchange rates and their determinants, government policies with respect to foreign exchange markets and the choice between fixed versus floating exchange rates. Prerequisites: ECON 111, 112.
ECON 321 GE: History of Economic Thought (3:3:0)
This course is brief survey of the life and times of the major economic thinkers. It includes a critical evaluation of the contributions of each school of thought. Emphasis is on the evolution of economic analysis and its methodology. Prerequisites: ECON 111, 112.
ECON 322 Labor Economics (3:3:0)
Labor economics applies macroeconomics and microeconomic theory, forming a critical part of the core of analytical economics. This course explores topics such as educational choice, wage determination, employment discrimination, labor law, collective bargaining, etc. with special emphasis
on international labor trends. Prerequisites: ECON 111, 112.
ECON 332 Forecasting Methods (3:3:0)
Time series, multiple regression, qualitative, Box-Jenkins, and other techniques are explained and applied in the forecasting of industrial production, sales, and financial variables. Emphasis is placed on the construction, utilization, and evaluation of computer generated forecasting models. Prerequisites: ECON 112; MATH 110.
ECON 411 Public Finance (3:3:0)
This is one of the two major macro-policy oriented courses for economics majors designed to familiarize students with government budgets; i.e. the course examines the structure of expenditures and revenue, fiscal incidence, project analysis, and the problems encountered in the performance of fiscal stabilization techniques to attain given policy targets. Prerequisites: ECON 111, 112, 311.
ECON 412 Money and Banking (3:3:0)
This course deals with the development of money types and banking systems; examination of techniques and operations of the banking system of the U.S.; survey of monetary theory and policy. Prerequisites: ECON 111, 311.
ECON 413 Managerial Economics (3:3:0)
This course is a survey of mathematical techniques useful in constructing economic and managerial
models, which help the student identify and systematically formulate managerial problems. The course concentrates on pricing decisions, demand theory, production and cost analysis, and the empirical problems involved in managerial decision making. Prerequisites: ECON 112; MATH 110.
ECON 415 Econometrics (3:3:0)
This course is an introduction to the theory of econometrics and its applications. The course will concentrate on determining and measuring the relationship between economic variables. Simple regression, correlation, multiple regressions, and the nature of econometric models will be discussed.
A series of applications will conclude the course. Prerequisites: ECON 112; MATH 110.
ECON 432 Economic Growth and Development (3:3:0)
Critical evaluation of the historical and theoretical development of laissez-faire, centralized planning,
and mixed economies; emphasis is placed on capital accumulation, industrialization, and economic expansion in the developed and underdeveloped nations, current problems, and alternative
policies. Prerequisites: ECON 111, 112.
ECON 442 Comparative Economic Systems (3:3:0)
The purpose of this course is the study of the different economic systems from the "free enterprise system" to the "command economies," with the Third World economic system in between. An attempt
is made to analyze the institutional structure of each economic system and the factors underlying
it. The universality of economic principles is brought out. Prerequisites: ECON 111, 112.
ECON 485 Independent Study (Semester hours arranged)
A student wishing to take independent study either on the undergraduate or graduate levels (other than under 571) should discuss the plan with a member of the department. If the faculty member agrees to sponsor the project, the proposal should be submitted to the department chair. The chair, after approving the independent study project, shall bring it to a departmental meeting for confirmation. The dean of the school gives final approval after receiving the minutes of the departmental meeting which identifies the students who were approved by the department to do independent study.
ECON 486 Field Experiences and Internships (Semester hours arranged)
ECON 495 Senior Seminar (3:3:0)
The course consists of a series of lectures and discussions on economic topics designed to lead senior students into current scientific literature and research methodology. Prerequisite: Permission of the department.
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