Economics (EC)

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)

Microeconomic principles, problems, and policies. Basic financial principles such as time value of money, project evaluation methods, depreciation and inflation, income taxes, capital budgeting, sensitivity and risk analysis, and costing projects.

EC 299  Special Topics in Economics  1-6 Credit

Individual independent or directed studies of selected topics.

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 manager's 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 firm's 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 selected topics.

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 selected topics.