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Lyon College

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Courses

ECO 101 PRINCIPLES OF ECONOMICS I / 3 credits

Introduction to economics with an emphasis on the fundamentals of economic principles and current economic policy issues. Topics include scarcity of resources, production and consumption, international trade, supply and demand, taxes, welfare state, poverty, income inequality, economic output of an economy, price level, inflation, unemployment, long-run determinants of economic growth, and financial systems. Prerequisite: MTH 101.

ECO 102 PRINCIPLES OF ECONOMICS II / 3 credits

Continuation of ECO 101. Students will apply the demand and supply model to analyze the effects of market intervention and understand market efficiency and the consequences of market failure, explore different market paradigms with analytical tools (microeconomics), review long-run determinants of economic growth and the role of monetary institutions in the economy (macroeconomics), and employ the aggregate demand and supply model to understand short-run economic fluctuations and the effectiveness of monetary and fiscal policy tools. Prerequisite: ECO 101.

ECO 215/315/415 INVESTMENT PORTFOLIO MANAGEMENT / 1 credit

Introduction to stock and bond markets. Students will experience semester-long activities and manage an investment portfolio. Students may enroll in this course a maximum of three times, earning 3 credits. Graded on a pass/fail basis. Prerequisite: ECO 101 and ACC 210. Prerequisite/corequisite: ECO 102 and ACC 211.

ECO 301 INTERMEDIATE MACROECONOMICS / 3 credits 

Focused study of macroeconomics. Topics include national income accounting, determinants of consumption and investment spending, international capital flows, financial asset holdings, long-run economic growth, business cycles, monetary and fiscal policy, and unemployment. Prerequisite: ECO 102 and either BUS 205 or MTH 210.

ECO 302 INTERMEDIATE MICROECONOMICS / 3 credits 

Focused study of microeconomics with analytical investigation of consumer choice, production costs, and firm behavior, including critical examination of different market paradigms. Topics include choice under uncertainty, problems with asymmetric information, externalities, and the use of game theories in analyzing strategic behavior of firms. Prerequisites: ECO 102 and either BUS 205 or MTH 210.

ECO 320 CORPORATE FINANCE I / 3 credits

Study of the basic concepts and analytical tools necessary for financial decision making with emphasis on time and risk as determinants of present value, bond and stock valuation, capital budgeting, capital asset pricing model, cost of capital, and capital structure. Prerequisite: ACC 211 and ECO 102.

ECO 330 CORPORATE FINANCE II / 3 credits

Continuation of ECO 320. Using the case method, computer simulations and spreadsheet applications, students will work individually and in teams to further their understanding of financial systems analysis. Prerequisite: ECO 320.

ECO 350 BUSINESS AND PROFESSIONAL ETHICS / 3 credits 

Examination of professional responsibility with case studies of ethical issues in business and the professions. (Same as RPH 350).

ECO 370 POLITICAL ECONOMY OF PUBLIC ISSUES / 3 credits 

Discussion and research of current public debates and interests in which both governmental and economic forces and interests are joined. Students will present their research to the class and write a major paper. Prerequisite: ECO 102 or consent from instructor. (Same as POL 370).

ECO 390 MONEY AND BANKING/ 3 credits

Evolution of monetary and financial systems with integrated international aspects, including interest rates, financial markets and institutions, and monetary policy. Prerequisite: ECO 102.

ECO 410 INTERNATIONAL ECONOMICS / 3 credits

Exploration of various theories of international trade and finance with emphasis on factors affecting trade and financial flows and the commercial and trade policy implications on these flows. Students will also examine exchange rate regimes, balance of payments, and the role of international institutions such as the World Trade Organization, the World Bank, and the International Monetary Fund. Prerequisite: ECO 102 and either BUS 205 or MTH 210.

ECO 420 PUBLIC FINANCE / 3 credits

Application of microeconomic theories analyzing the role of government in providing public goods and services to a predominantly market economy. Students will examine collective decision making, types of taxes, local public finance, and government expenditure programs and tax systems with emphasis on their efficiency, equity, and incentive aspects. Prerequisite: ECO 102 and either BUS 205 or MTH 210.

ECO 425 ENVIRONMENTAL ECONOMICS / 3 credits

Examination of the interactions between production and consumption and the natural environment. Students will use microeconomic theories of externalities and public goods to model environmental problems and efficient solutions and analyze command-and-control based solutions and market-based solutions. Students will also discuss current environmental policy issues and use analytical decision-making tools such as environmental risk analysis and benefit-cost analysis to evaluate environmental projects. Prerequisites: ECO 102 and either BUS 205 or MTH 210.

ECO 430 HISTORY OF ECONOMIC THOUGHT / 3 credits 

Study of the evolution of ideas central to economic theory and the development of currently accepted ideas. Prerequisite: ECO 102.

ECO 475 INVESTMENTS / 3 credits

Application of finance tools to the valuation of different types of securities, such as stocks, bonds, and options with emphasis on how to combine these securities into portfolios that provide the best risk-return profile for a given investor. Prerequisite: BUS 323, ECO 320, and either BUS 205 or MTH 210.

ECO 482 SPECIAL TOPICS IN ECONOMICS / 3 credits

Study of selected topics in economics. Prerequisites will vary.