Economics Courses
Please note that the frequency of course offerings below is subject to change without notice, because of changes in faculty availability, sabbaticals and leaves, and other circumstances. Please consult the latest Schedule of Classes (and supplement), myBerea, revisions to online Catalog, and/or the Director of General Education to determine if a course will be offered during a certain term or year, especially if Satisfactory Academic Progress (SAP) is a factor.
ECO 101
Principles of Macroeconomics
Prerequisites: Completion or waiver of MAT 012; first-year or sophomore standing preferred
Offered: Typically Fall and Spring terms
An introduction to the nature and method of economics. Emphasis on the determination of the level of national income, output, employment, and prices. Topics include monetary policy, fiscal policy, and economic growth; may include comparative economic systems, and international trade and finance. Social Science Perspective.
Offered: Typically Fall and Spring terms
An introduction to the nature and method of economics. Emphasis on the determination of the level of national income, output, employment, and prices. Topics include monetary policy, fiscal policy, and economic growth; may include comparative economic systems, and international trade and finance. Social Science Perspective.
1 Course Credit
ECO 102
Principles of Microeconomics
Prerequisites: Completion or waiver of MAT 012; first-year or sophomore standing preferred
Offered: Typically Fall and Spring terms
An introduction to exchange processes, price and output determination, and alternative market structures, both in the product and resource markets. Additional topics include the role of government, public goods, income distribution, and resource or environmental economics. Social Science Perspective.
Offered: Typically Fall and Spring terms
An introduction to exchange processes, price and output determination, and alternative market structures, both in the product and resource markets. Additional topics include the role of government, public goods, income distribution, and resource or environmental economics. Social Science Perspective.
1 Course Credit
ECO 186
Special Topics
Prerequisites: Determined by instructor
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
1/2 to 1 Course Credit
ECO 250
Applied Statistics
Prerequisites: MAT 115 (or waiver); computer competency requirement met OR permission of instructor; sophomore or junior standing preferred
Offered: Typically Fall and Spring terms
Selected statistical methods applied to economic and business data. Methods include data-based techniques of graphical display, descriptive statistics, simple probability models based on random variables, one and two sample inference on means and proportions, analysis of variance, correlation, and regression. Practical Reasoning with Quantitative Emphasis (PRQ). NOTE: This course is noncredit for students who completed MAT 438.
Offered: Typically Fall and Spring terms
Selected statistical methods applied to economic and business data. Methods include data-based techniques of graphical display, descriptive statistics, simple probability models based on random variables, one and two sample inference on means and proportions, analysis of variance, correlation, and regression. Practical Reasoning with Quantitative Emphasis (PRQ). NOTE: This course is noncredit for students who completed MAT 438.
1 Course Credit
ECO 286
Special Topics
Prerequisites: Determined by instructor
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
1/2 to 1 Course Credit
ECO 301
Intermediate Macroeconomics
Prerequisites: ECO 101 or permission of instructor; and MAT 135 (or waiver)
Offered: Typically every third regular term (next offered Fall 2009)
Theory of aggregate income determination in the long run and over the business cycle. Development of models of consumption, investment, net exports, and government spending in both a static and dynamic setting. Includes the effect of fiscal and monetary policy on income and other macroeconomic variables. Social Science Perspective.
Offered: Typically every third regular term (next offered Fall 2009)
Theory of aggregate income determination in the long run and over the business cycle. Development of models of consumption, investment, net exports, and government spending in both a static and dynamic setting. Includes the effect of fiscal and monetary policy on income and other macroeconomic variables. Social Science Perspective.
1 Course Credit
ECO 302
Intermediate Microeconomics
Prerequisites: ECO 102 or permission of instructor; and MAT 135 (or waiver)
Offered: Typically every third regular term (next offered Spring 2010)
Theory of the economic behavior of households and firms in a market context. Includes the development of the determinants of demand, cost, production, and supply. Development of equilibrium models of exchange and welfare economics. Social Science Perspective.
Offered: Typically every third regular term (next offered Spring 2010)
Theory of the economic behavior of households and firms in a market context. Includes the development of the determinants of demand, cost, production, and supply. Development of equilibrium models of exchange and welfare economics. Social Science Perspective.
1 Course Credit
ECO 332
Money and Banking
Prerequisites: ECO 101 or 102; sophomore or junior standing preferred
Offered: Typically every Fall Term
Money, banks, and financial markets; the role of money in the economy, monetary theory, and policy; and international monetary relationships.
Offered: Typically every Fall Term
Money, banks, and financial markets; the role of money in the economy, monetary theory, and policy; and international monetary relationships.
1 Course Credit
ECO 335
Managerial Economics
Prerequisites: ECO 102 and 250
Offered: Typically as student interest and faculty availability allow
A study of the application of economic decision-making processes as they relate to the management of business. This course will link together the topics of economic theory, decision sciences, and various fields of business administration.
Offered: Typically as student interest and faculty availability allow
A study of the application of economic decision-making processes as they relate to the management of business. This course will link together the topics of economic theory, decision sciences, and various fields of business administration.
1 Course Credit
ECO 341
Economic Dev:Theory & Appl
Prerequisites: One introductory course in ECO, HIS, PSC, or SOC; AND ECO 101 or 102
Offered: Typically every third regular term (next offered Fall 2010)
A study of the human dimensions of societal development. The course includes theoretical approaches to economic development and social change, comparative consideration of the economic and social structural characteristics of less-developed countries, and an examination of the relationship between development policy and factors of social change.
Offered: Typically every third regular term (next offered Fall 2010)
A study of the human dimensions of societal development. The course includes theoretical approaches to economic development and social change, comparative consideration of the economic and social structural characteristics of less-developed countries, and an examination of the relationship between development policy and factors of social change.
1 Course Credit
ECO 347
International Economics
Prerequisite: ECO 101
Offered: Typically every third regular term (next offered Spring 2010)
Theory and practice of international trade, foreign exchange, balance of payments, and international economic policy.
Offered: Typically every third regular term (next offered Spring 2010)
Theory and practice of international trade, foreign exchange, balance of payments, and international economic policy.
1 Course Credit
ECO 350
Econometrics
Prerequisites: ECO 250 and completion or waiver of MAT 135 (or waiver)
Offered: Typically every third regular term (next expected to be offered Spring 2010, as an exception, then every third regular term beginning Fall 2010)
An introduction to the construction, evaluation, and use of statistical models of economic behavior. Models will be used to both predict and explain economic behavior. Time series models, single-equation models, and multi-equation models will be covered with an emphasis on estimation methods, tests of model assumptions and adequacy, and forecast performance. The course includes a number of modeling exercises using computer software.
Offered: Typically every third regular term (next expected to be offered Spring 2010, as an exception, then every third regular term beginning Fall 2010)
An introduction to the construction, evaluation, and use of statistical models of economic behavior. Models will be used to both predict and explain economic behavior. Time series models, single-equation models, and multi-equation models will be covered with an emphasis on estimation methods, tests of model assumptions and adequacy, and forecast performance. The course includes a number of modeling exercises using computer software.
1 Course Credit
ECO 366
Public Finance
Prerequisite: ECO 101 or 102
Offered: Typically every third regular term (next offered term yet to be determined)
Social goals and fiscal institutions--federal, state, and local--including analysis of public expenditures, taxation, the national debt, and fiscal federalism.
Offered: Typically every third regular term (next offered term yet to be determined)
Social goals and fiscal institutions--federal, state, and local--including analysis of public expenditures, taxation, the national debt, and fiscal federalism.
1 Course Credit
ECO 370
Environ Issue in Public Policy
Prerequisite: ECO 101 or 102; or permission of instructor
Offered: Typically every third regular term (next offered Fall 2009)
An examination of critical environmental and natural-resource issues and the associated public-policy responses. The aim of the course is to analyze the role that public policy currently plays--and the role it should play--in helping manage and protect our local, national, and global environment. Social Science Perspective.
Offered: Typically every third regular term (next offered Fall 2009)
An examination of critical environmental and natural-resource issues and the associated public-policy responses. The aim of the course is to analyze the role that public policy currently plays--and the role it should play--in helping manage and protect our local, national, and global environment. Social Science Perspective.
1 Course Credit
ECO 386
Special Topics
Prerequisites: Determined by instructor
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
1/2 to 1 Course Credit
ECO 390A
Independent Study
Prerequisite: Sophomore or junior standing for 390; senior standing for 490
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Department Chairperson, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 390/490A if approved to meet the Active Learning Experience (ALE) or as 390/490B if approved as non-ALE.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Department Chairperson, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 390/490A if approved to meet the Active Learning Experience (ALE) or as 390/490B if approved as non-ALE.
1 Course Credit
ECO 390B
Independent Study w/o ALE
Prerequisite: Sophomore or junior standing for 390; senior standing for 490
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Department Chairperson, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 390/490A if approved to meet the Active Learning Experience (ALE) or as 390/490B if approved as non-ALE.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Department Chairperson, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 390/490A if approved to meet the Active Learning Experience (ALE) or as 390/490B if approved as non-ALE.
1 Course Credit
ECO 395
Internship
Prerequisite: Sophomore, junior, or senior standing
Offered: Typically every term
An experiential learning experience individually designed for students with a special academic interest requiring integration of classroom learning with practical experience. Includes on-campus seminars with academic sponsors, as well as non-classroom experience. One to three course credits in one 14-week term or one course credit in Short Term may be taken in Internships. Requires the approval of two faculty sponsors and the Program assumes the responsibility for determining credit allowance. The Coordinator of Internships gives final approval for Internship proposals. This course may be used to meet the Active Learning Experience (ALE) requirement.
Offered: Typically every term
An experiential learning experience individually designed for students with a special academic interest requiring integration of classroom learning with practical experience. Includes on-campus seminars with academic sponsors, as well as non-classroom experience. One to three course credits in one 14-week term or one course credit in Short Term may be taken in Internships. Requires the approval of two faculty sponsors and the Program assumes the responsibility for determining credit allowance. The Coordinator of Internships gives final approval for Internship proposals. This course may be used to meet the Active Learning Experience (ALE) requirement.
1 to 3 Course Credits
ECO 397A
Team Initiated Study
Prerequisite: Sophomore or junior standing for 397; senior standing for 497
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by two or more students who have a similar interest in the topic proposed. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Program Director, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 397/497A if approved to meet the Active Learning Experience (ALE) or as 397/497B if approved as non-ALE.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by two or more students who have a similar interest in the topic proposed. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Program Director, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 397/497A if approved to meet the Active Learning Experience (ALE) or as 397/497B if approved as non-ALE.
1 Course Credit
ECO 397B
Team Initiated Study w/o ALE
Prerequisite: Sophomore or junior standing for 397; senior standing for 497
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by two or more students who have a similar interest in the topic proposed. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Program Director, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 397/497A if approved to meet the Active Learning Experience (ALE) or as 397/497B if approved as non-ALE.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by two or more students who have a similar interest in the topic proposed. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Program Director, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 397/497A if approved to meet the Active Learning Experience (ALE) or as 397/497B if approved as non-ALE.
1 Course Credit
ECO 398
Directed Study
Prerequisites: Will vary, but always will include permission of instructor
Offered: Typically on a limited basis as student interest and faculty availability allow
A course organized and directed by faculty and approved by the Department Chairperson to meet the particular interests and/or needs of specific students.
Offered: Typically on a limited basis as student interest and faculty availability allow
A course organized and directed by faculty and approved by the Department Chairperson to meet the particular interests and/or needs of specific students.
1 Course Credit
ECO 470
Seminar in Economics
Prerequisites: ECO 301 and 302, or permission of instructor; senior standing preferred
Offered: Typically annually (next offered Spring 2010)
Advanced study in an area of micro- or macroeconomic theory and policy, based on selected texts and journals.
Offered: Typically annually (next offered Spring 2010)
Advanced study in an area of micro- or macroeconomic theory and policy, based on selected texts and journals.
1 Course Credit
ECO 486
Special Topics
Prerequisites: Determined by instructor
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
Offered: Typically as student interest and faculty availability allow
A course designed to meet the particular interests of student and faculty. Topics vary from year to year. See course description in the "Schedule of Classes."
1/2 to 1 Course Credit
ECO 490A
Independent Study
Prerequisite: Sophomore or junior standing for 390; senior standing for 490
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Department Chairperson, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 390/490A if approved to meet the Active Learning Experience (ALE) or as 390/490B if approved as non-ALE.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Department Chairperson, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 390/490A if approved to meet the Active Learning Experience (ALE) or as 390/490B if approved as non-ALE.
1 Course Credit
ECO 490B
Independent Study w/o ALE
Prerequisite: Sophomore or junior standing for 390; senior standing for 490
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Department Chairperson, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 390/490A if approved to meet the Active Learning Experience (ALE) or as 390/490B if approved as non-ALE.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by the student. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Department Chairperson, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 390/490A if approved to meet the Active Learning Experience (ALE) or as 390/490B if approved as non-ALE.
1 Course Credit
ECO 495
Internship
Prerequisite: Sophomore, junior, or senior standing
Offered: Typically every term
An experiential learning experience individually designed for students with a special academic interest requiring integration of classroom learning with practical experience. Includes on-campus seminars with academic sponsors, as well as non-classroom experience. One to three course credits in one 14-week term or one course credit in Short Term may be taken in Internships. Requires the approval of two faculty sponsors and the Program assumes the responsibility for determining credit allowance. The Coordinator of Internships gives final approval for Internship proposals. This course may be used to meet the Active Learning Experience (ALE) requirement.
Offered: Typically every term
An experiential learning experience individually designed for students with a special academic interest requiring integration of classroom learning with practical experience. Includes on-campus seminars with academic sponsors, as well as non-classroom experience. One to three course credits in one 14-week term or one course credit in Short Term may be taken in Internships. Requires the approval of two faculty sponsors and the Program assumes the responsibility for determining credit allowance. The Coordinator of Internships gives final approval for Internship proposals. This course may be used to meet the Active Learning Experience (ALE) requirement.
1 to 3 Course Credits
ECO 497A
Team Initiated Study
Prerequisite: Sophomore or junior standing for 397; senior standing for 497
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by two or more students who have a similar interest in the topic proposed. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Program Director, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 397/497A if approved to meet the Active Learning Experience (ALE) or as 397/497B if approved as non-ALE.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by two or more students who have a similar interest in the topic proposed. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Program Director, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 397/497A if approved to meet the Active Learning Experience (ALE) or as 397/497B if approved as non-ALE.
1 Course Credit
ECO 497B
Team Initiated Study w/o ALE
Prerequisite: Sophomore or junior standing for 397; senior standing for 497
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by two or more students who have a similar interest in the topic proposed. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Program Director, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 397/497A if approved to meet the Active Learning Experience (ALE) or as 397/497B if approved as non-ALE.
Offered: Typically as student interest and faculty availability allow
A course initiated, directed, and organized by two or more students who have a similar interest in the topic proposed. All such courses are to be supported by a faculty sponsor, second reader, academic adviser, Program Director, and possibly others. Course proposals must meet the approval of the Coordinator of Advising (the Academic Program Council liaison). Will be registered by the Office of Academic Services as 397/497A if approved to meet the Active Learning Experience (ALE) or as 397/497B if approved as non-ALE.
1 Course Credit
ECO 498
Directed Study
Prerequisites: Will vary, but always will include permission of instructor
Offered: Typically on a limited basis as student interest and faculty availability allow
A course organized and directed by faculty and approved by the Department Chairperson to meet the particular interests and/or needs of specific students.
Offered: Typically on a limited basis as student interest and faculty availability allow
A course organized and directed by faculty and approved by the Department Chairperson to meet the particular interests and/or needs of specific students.
1 Course Credit
Notice and Disclaimer
This online publication is the official text of the Berea College Catalog & Student Handbook. Berea College reserves the right to amend, revise, or modify content within this publication at any time.
Effective Date: 9-1-2009
Approved by: Rita Fox
