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Economics (EC)

Standing is based on credit hours earned toward the student's declared degree program.

Courses

EC 200  An Economic Survey  3 Credits (3,0)

An introduction to macro and microeconomic principles, problems, and policies with a view to current economic problems.

EC 210  Microeconomics  3 Credits (3,0)

An introduction to the economic principles of free enterprise supply and demand, private and social implications of profit maximization, market structure, and resource markets. Current microeconomic issues in aviation (such as liability reform, evolution of airline competition, etc.) are discussed.

EC 211  Macroeconomics  3 Credits (3,0)

An introductory analysis of employment, inflation, recession, GDP economic growth, and international trade with an emphasis on practical policy alternatives. Macroeconomic aviation applications such as the counter-cyclical growth of start-up airlines and consideration of ATC privatization are incorporated.

EC 225  Engineering Economics  3 Credits (3,0)

An introduction to microeconomic principles, problems, and policies as well as basic financial principles such as time value of money, capital budgeting, and cost of capital. The course will provide the engineering graduate with the tools needed for success in the workplace.

EC 299  Special Topics in Economics  1-6 Credit

Individual independent or directed studies of combinations of selected topics in economics.

EC 312  Money and Banking  3 Credits (3,0)

A preliminary investigation of the financial institutions of the U.S. and the relationship of monetary policy to income and price stabilization. Some analysis of international capital flows will also be undertaken.
Prerequisites: EC 210.

EC 315  Managerial Economics  3 Credits (3,0)

This course presents an analytical approach to the managers role in understanding pricing, costing, production and forecasting. This course emphasizes the quantitative and qualitative applications of economic principles to business analysis and concentrates on simple quantitative models to explain the firms position in the market and how the manager can react to and control information. Aviation related topics commonly discussed include airport privatization, employee ownership of airlines, forecasting passenger demand, airline production and cost analysis, optimal pricing and production decisions, sensitivity analysis, and capital budgeting.
Prerequisites: EC 210.

EC 399  Special Topics in Economics  1-6 Credit

Individual independent or directed studies of combinations of selected topics in economics.

EC 420  Economics of Air Transportation  3 Credits (3,0)

A study of the economic aspects of airline service with consideration given to the impact of federal aid and regulation, types of aircraft, airport problems, consumer interests, and competitive practices.
Prerequisites: EC 200 or EC 210.

EC 499  Special Topics in Economics  1-6 Credit

Individual independent or directed studies of combinations of selected topics in economics.