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Minor in Economics

The Huizenga College of Business' minor in Economics will provide you with the opportunity to learn both micro and macro economic theory and methods. You will be able to integrate theory and observations, and apply your knowledge into the real world by analyzing social problems and evaluating public policy solutions. Graduates with a minor in Economics will be competent in key concepts of economic theory, analysis and computations.

The minor requires completion of 15 credit hours.

ECN 3020 Intermediate Microeconomics  3 credits
ECN 3025 Intermediate Macroeconomics  3 credits
ECN 4210 Econometrics I  3 credits

Select two of the following:
ECN 3210 Monetary Theory & Policy  3 credits
ECN 4215 Econometrics II  3 credits
ECN 4300 International Economics  3 credits
ECN 4310 Economic Development 1  3 credits
ECN 4320 Latin American and Caribbean Economics  3 credits
ECN 4500 Principles of Health Economics  3 credits
ECN 4600 Law and Economics  3 credits
ECN 4910 Advanced Special Topics I  3 credits
ECN 4920 Advanced Special Topics II  3 credits

Current students: Please consult your Academic Advisor for program requirements or access SharkLink for your CAPP report. Program requirements are subject to change, and your Academic Advisor or CAPP report can provide you with the courses required for your catalog term.

Full-time professionals are available to discuss the minor in economics curriculum with you in greater detail. Simply call 800.672.7223 Ext. 25168 or contact our Enrollment Services Staff.

Course Descriptions

ECN 3020     Intermediate Microeconomics  (3 cr.)

This course expands upon the tools of economic analysis covered in ECON 2020 Principles of Microeconomics. Mathematical tools will be employed to further analyze the theory of consumer choice, elasticity, costs and production industry structure, regulation and deregulation. Prerequisites: ECN 2020 and ECN 2025.

ECN 3025     Intermediate Macroeconomics  (3 cr.)

This course expands upon the tools of economic analysis covered in Principles of Macroeconomics. An overview of current macroeconomics events is followed by an in-depth study of the methodologies used to predict economic activity. Prerequisites: ECN 2020 and ECN 2025.

ECN 3210     Monetary Theory & Policy  (3 cr.)

Examines the structure and function of the American banking system, the Federal Reserve System, and the function of monetary policy in the regulation of the national economy. Prerequisite: ECN 2025.

ECN 4210     Econometrics I  (3 cr.)

The purpose of this course is to introduce students to the theory and application of econometric methods to test economic relationships. It will familiarize students with the various sources of economic data and with the difficulties encountered in empirical testing of economic models. It covers the basic tools of estimation and inference in the context of the single-equation linear regression model, and deals primarily with least squares methods of estimation. The course emphasizes the intuitive understanding and practical application of these basic tools of regression analysis, as distinct from their formal development. Prerequisites: MATH 2020 and ECN 3025.

ECN 4215     Econometrics II  (3 cr.)

Advanced topics in econometrics. Topics include estimation of linear regression models with endogeneity, economic methods designed for panel data sets, estimation of discrete choice models, time series analysis, and estimation in the presence of auto correlated and heteroskedastic errors. Prerequisite ECN 4210

ECN 4300     International Economics  (3 cr.)

Reviews theories and practices of trade, comparative advantage, trade barriers, balance of payments, economic development, and regional economic integration. Prerequisite: ECN 3025

ECN 4310     Economic Development 1  (3 cr.)

Economic Development 1 (3 Credits):This course is designed to provide a working familiarity with the theoretical and empirical investigations used for understanding economic development. It will examine the economic structural shift that usually accompanies economic growth when human development occurs. It will also survey the statistical resources used to measure and analyze performance among developing countries. Topics include: income distribution and human resources, investment and capital flows, production and international trade. Prerequisite ECN 2025.

ECN 4320     Latin American and Caribbean Economics  (3 cr.)

This course examines the dynamics of economic development in Latin America and the Caribbean. Topics include primary product export dependence, industrialization, macroeconomic stabilization and trade liberalization. The focus then shifts to the economic integration of the Western Hemisphere. The course will finish with a survey of the economic relations between Latin America and other emerging markets. Prerequisite: ECN 2025

ECN 4500     Principles of Health Economics  (3 cr.)

This course is designed to acquaint the student with applying the economic tools and methodology utilized by economists to analyze how a specific industry, health care, functions in both the short and long terms. Theories of consumption, investment, the public sector and comparative systems will be developed to illustrate their role in determining the critical contributions and dependency of the national economy on levels of output, employment and prices of the health care sector. This elective course will study the economics of health care and the impact on national and international policy issues. Students will be required to write a 30 page paper on the economics of one sector of the health economy. The paper will be prepared over the term and students will be prepared to lead presentations and panel discussions. Prerequisite: ECN 2025

ECN 4600     Law and Economics  (3 cr.)

This course introduces students to the fundamentals of economic approach to law, focusing on the common law areas of torts, contracts, and property, as well as legal procedure, criminal law, and antitrust law. Among the important issues we will study throughout this course are: (i) how does the legal system shape economic incentives in ways that lead to socially optimal behavior? (ii) how does one measure the benefits and costs of changes in legal rules? (iii) what is the nature of private property in a market economy?, and (iv) what is the appropriate role of a legal system in settling private disputes? Upon completing this course, students should be able to understand the effects of the legal system on economic behavior and understand discussions involving law and economics.

ECN 4910     Advanced Special Topics I  (3 cr.)

Examines advanced topics in economics that are not included in regular course offerings. Specific content and prerequisites may vary. Students may re-enroll for special topics covering different content.

ECN 4920     Advanced Special Topics II  (3 cr.)

Examines advanced topics in economics that are not included in regular course offerings. Specific content and prerequisites may vary. Students may re-enroll for special topics covering different content.