Introduction to Business (BUS101)
Credits:3
Introduction to Business is a required course for first-year BAB majors. This course addresses the basic functions and activities of business both individually and collectively in the generation of jobs, the production and dissemination of needed goods, the pursuit of innovation, the creation of social and personal assets, and the satisfaction of individual and societal needs and wants. The course also examines ways that individuals can responsibly manage their own financial health and welfare as part of the larger economic system. Students will be encouraged to relate the material covered to their own life experiences and to critical national and international challenges. Home tasks will include reading, writing reports on important current issues that relate to the subject matter, and reflections on personal observations and analyses.
Foundations of Management (BUS105)
Credits:3
The course provides a comprehensive introduction to principles of management. Through the course, students will become familiar with various organizational structures and functions and will develop the analytical tools to determine how organizational resources (money, time, and personnel) can be most effectively managed. The course will cover the following topics: organizational culture, individual and group behavior, leadership, motivation, teamwork, communication, and measures of organizational effectiveness. Home tasks will include completion of reading assignments and analysis of case studies. Three hours of instructor-led class time per week.
Business Mathematics (BUS109)
Credits:3
This course treats standard one-variable calculus with an emphasis on business and economics applications, as well as a short introduction to multivariable calculus. It is designed for business students, who want a brief course in Calculus. Calculus topics include the derivative, methods of finding derivatives, business applications of derivatives, the integral, methods of integration, business applications of integration, and the calculus of the exponential and logarithmic functions. Multivariable calculus topics include partial derivatives and finding local extrema. Students are required to complete weekly reading assignments and solve in-class and homework problem sets. Three hours of instructor-led class time per week.Not available to CS, ES, DS students as a general education course.
Applied Statistics (BUS110)
Credits:3
This course introduces the necessary core quantitative methods that will be needed in future offerings as part of the BA in Business program. Statistical software and the use of spreadsheets are integrated throughout so that students better comprehend the importance of using modern technological tools for effective model building and decision making. The course will make use of a data oriented approach in exposing students to basic statistical methods, their conceptual underpinning, such as variability and uncertainty, and their use in the real world. Topics include data collection, descriptive statistics, elementary probability rules and distributions, sampling distributions, and basic inference. Three hours of instructor-led class time per week.Not available to CS, ES, DS students as a general education course.
Social, Legal & Ethical Environment of Business (BUS112)
Credits:3
This course explores the basic social, legal and ethical environment of business by examining 1) the role of business in society, 2) the interactions between businesses as well as between businesses and governments, 3) basic legal frameworks for businesses, and 4) ethical standards in business, and finally 5) corporate responsibility. Students will apply appropriate social, legal, and ethical principles, frameworks and standards to analyze modern business scenarios. . Students will work individually and in groups to analyze case studies. Home tasks include reading, the writing of papers, and case study analysis. Three hours of instructor-led class time per week.
Introduction to Business Law (BUS114)
Credits:2
This course is designed to walk the students through every stage of business formation and operation, navigating legal challenges on that path. Topics include the basics of legal method, the law of persons, including the choices between individual entrepreneurship and a corporation, corporate law, fundamentals of choosing a tax regime, employment, contracts, property, intellectual property, competition law, administrative law, the legal responsibility of business and ethics in business. The students learn by reading and discussing the assigned materials, as well as case studies, and preparing legal documents, such as contracts, internal legal acts, and administrative applications.
Introduction to Business Law and Ethics (BUS144)
Credits:3
Introduction to Financial Accounting (BUS145)
Credits:3
This course introduces students to the terminology, procedures and principles of financial accounting and reporting. Students will develop the necessary skills to 1) analyze routine business transactions and accounting information, 2) measure assets, liabilities, equities, and income, and 3) understand, analyze, and develop financial statements and other forms of financial reporting and communication.. Weekly home tasks will require students to complete weekly reading assignments and apply accounting procedures and principles in order to analyze routine business transactions and accounting information. Three hours of instructor-led class time per week.
Introduction to Managerial Accounting (BUS146)
Credits:3
This course introduces students to the terminology, procedures and principles of financial accounting and reporting. Students will develop the necessary skills to 1) analyze routine business transactions and accounting information, 2) measure assets, liabilities, equities, and income, and 3) understand, analyze, and develop financial statements and other forms of financial reporting and communication.. Weekly home tasks will require students to complete weekly reading assignments and apply accounting procedures and principles in order to analyze routine business transactions and accounting information. Three hours of instructor-led class time per week.
Principles of Marketing (BUS160)
Credits:3
The course introduces students to the field of marketing and marketing management. Students learn to analyze, plan, and implement marketing strategies in order to achieve the objectives of a range of organizations. Students analyze cases that focus on key marketing tasks: marketing research, consumer behavior, segmentation and targeting, product and brand management, sales forecasting, pricing, marketing channels, and promotion and advertising strategies. Students will also have the opportunity to work in teams to develop and present an innovative marketing plan for a business of their choice. Home tasks will include completion of reading assignments and case study analysis as well as weekly progress on team marketing plan. Three hours of instructor-led class time per week time per week including discussions.
Business Communications (BUS177)
Credits:3
This course provides an intensive introduction to the communication process, the concepts and principles of internal and external business communications, as well as develops an understanding of public relations in a business context. The course also teaches persuasive writing, public speaking, and collaborative skills necessary for future business courses, internships, and professional positions. The course involves lectures, presentations, research, group projects, discussions with active participation and case studies. Three hours of instructor-led class time per week.
Business Negotiations (BUS201)
Credits:3
This course addresses conflict resolution techniques as well as a broad range of negotiation challenges and strategies. Students will learn about the theory and application of effective negotiation. Through this course, students will be able to analyze individual, group, and organizational behavior and develop techniques to mediate and resolve conflict. Home tasks include reading and case study analysis. Three hours of instructor-led class time per week.
Human Resources Management (BUS207)
Credits:3
This course provides an overview of contemporary issues in HRM exploring HR managers’ role in overseeing employee career development cycle from entry to exit. Topics include but are not limited to recruitment, selection and induction, training and development, compensation and benefits, performance management and appraisal systems. Class format includes lectures followed by peer discussions progressing to student presentations and final projects. Instructor-led discussion, home assignments and case study analysis.
Business Mathematics 2 (BUS209)
Credits:3
The course covers many essential topics from wide range of mathematical disciplines such as multivariable calculus, linear algebra, differential equations, probability and statistics. The topics are equipped with examples of applications related to business and economics. The examples include but are not limited to applications such as maximization of utility, allocation of resources, linear economic models, and Markov chains. At the same time, where possible, the course aims to show what constitutes a strict mathematical proof using the language of abstract mathematics._x000D_ This course is an important part of the mathematical education for students._x000D_ The main prerequisite is the knowledge of the single variable calculus. Familiarity with economics terms and foundations of statistics/probability is highly desirable. Students are required to complete weekly reading assignments and solve homework problem sets.
Introduction to International Business Management (BUS210)
Credits:3
This course examines the management of international corporations in today’s global political and economic environment. Topics include management challenges faced by multinational corporations, the economics of trade, money and investment in the world economy, policies and behavior of governments and international organizations, and current issues regarding emerging economies and shifts in the political economy of global markets. Home tasks will include reading assignments, research, and case study analysis. Three hour of instructor-led class time per week.
Introduction to Innovation & Entrepreneurship (BUS211)
Credits:3
The course examines the sources of motivation for entrepreneurship and innovation, and the skills, knowledge, and abilities of entrepreneurs and the innovators. Students will become familiar with the processes involved in starting a new venture or transforming an existing business. Integrating their business knowledge from previous coursework, students will generate innovative business ideas and develop implementable business plans. The course will explore the following topics: opportunity identification, feasibility of ideas, market analysis, legal and tax considerations, ownership options, and management and financing challenges and requirements. Home tasks will include completion of reading assignments, analysis of case studies, and development of business plan. Three hours of instructor-led class time per week.
Financial inclusion and Sustainable development (BUS218)
Credits:3
As part of the larger Sustainable Development Goals (SDG), the financial inclusion and sustainable development are overarching values which the corporate world and public sector should embrace in their strategic planning processes. The course will enable students to gain fundamental knowledge and understanding of the key challenges and pathways to sustainable development and financial inclusion. Within this course, students will get an overview of sustainability and its relevance for the management of the global systems supporting humanity. We will also shed light on how financial inclusion can induce household wellbeing and enhance individual livelihood. Topics covered include economic development (inequality, multidimensional poverty, education, gender), social inclusion and sustainable business development. Under faculty supervision, tasks will include completion of assignments, research project and paper presentations.
Money, Banking & Financial Institutions (BUS226)
Credits:3
This course examines modern theory of corporate finance and financial institutions. Topics covered include, monetary policy, financial markets, financial intermediation and the role of banks and other financial institutions, regulation of financial markets, incomplete financial contracting, financial intermediation, initial public offerings, market for corporate control and security design. Students will work collaboratively in groups to analyze financial institutions and apply relevant theories and frameworks to real-world business problems. Students will present their findings to their peers and business professionals. Home tasks will include reading, research, and case study analysis. Three hour of instructor-led class time per week.
International Monetary Relations (BUS227)
Credits:3
This course explores international macroeconomic relationships. Topics include national income, accounting, and balance of payments; foreign exchange rates and exchange rate markets; money, interest rates, and exchange rate determination; prices, exchange rates, and output in the short run; international monetary arrangements; fixed versus flexible exchange rates; optimal currency areas; and international capital flows. The course relates basic economic theory to current international problems, using a policy-oriented approach. Home tasks include research, reading, problem sets, and case study analysis. Three hours of instructor-led class time per week.
Introduction to Finance (BUS230)
Credits:3
The course introduces students to the principles of finance and their application to financial decision making in a variety of business enterprises. The course will examine the following topics: introduction on financial markets and institutions; time value of money; financial instruments and their valuation: financial analysis and the problems of financial forecasting; capital budgeting, cost of capital, introduction to risk and return; comparing financial objectives of manager and investor; and long term financing. Home tasks may include completion of reading assignments, problem sets and case study analysis.
Principles of Corporate Finance (BUS232)
Credits:3
This course builds upon topics covered in BUS 230 Introduction to Finance and provides an overall introduction to the theory, methods, and concerns of corporate finance. Topics include time value of money and capital budgeting, risk and return, dividend policy decisions, security market efficiency, and optimal capital structure.
Public Finance (BUS233)
Credits:3
This course focuses on the role of the government in the economy. The aim is to provide an understanding of the reasons for government intervention in the economy, analyzing the benefits of possible government policies, and the response of economic agents to the government’s actions. The course covers taxes on capital, savings and labor; corporate taxation, welfare capitalism, externalities and public goods, behavioral public finance, political economy. Special coverage of current policy issues such as social security reform, income tax reform, and budget deficits. Class format includes lectures instructor-led discussion, assignments, readings and projects.
Market Structure and Strategy (BUS234)
Credits:3
This course studies decisions of firms in imperfectly competitive environments. The topics include strategic decision making in static and dynamic contexts on pricing, capacity, product differentiation, advertising and marketing, research and development, and size of investment. The course applies micro- and game-theoretic approaches. Class format includes lectures instructor-led discussion, assignments, reading and projects.
Special Topics in Finance (BUS239)
Credits:3
This course explores topics in finance with emphasis on current problems and research. Topics to be announced prior to course registration. The course will enable students to develop skills/understanding of advanced topics on an individual basis. Students will develop deeper understanding of a specific finance topic related to the student’s academic interest.
Intermediate Financial Accounting (BUS245)
Credits:3
This course builds upon concepts covered in BUS 145 Introduction to Financial Accounting. This course will review accounting principles and examine the components of the asset side of the balance sheet: cash, accounts receivable, inventory, marketable securities, equity investments, PPE, and intangibles. Students are required to complete weekly reading assignments and problem sets. Home tasks will require students to apply complex accounting procedures and principles and analyze business transactions. Three hours of instructor-led class time per week.
Intermediate Managerial Accounting (BUS247)
Credits:3
Building upon topics covered in BUS 146 Introduction to Managerial Accounting, this course explores alternative methods of accounting information for managerial decision making. Students will analyze the complex relationships between accounting techniques and other organizational activities including strategy, employee motivation, and the use of accounting information to develop solutions for managerial challenges. Home tasks will include completion of reading assignments, problem sets and case study analysis. Three hours of instructor-led class time per week time.
Introduction to Financial Statement Analysis (BUS248)
Credits:3
This course examines financial reporting in the context of decision-making and contracting. Students will extract, interpret, and analyze financial statements with emphasis on identifying various objectives and incentives. Students will apply learned techniques to case studies and real-world business scenarios. Home tasks will include case study analysis and problem sets. Three hours of instructor-led class time per week.
Tax Accounting (BUS250)
Credits:3
This course will introduce students to the Armenian tax code and the different categories of taxes applicable to individuals and companies, domestic and foreign, including profit tax, income tax, VAT, social security, property, land and other excise taxes. In addition to learning about the accounting and tax reporting requirements, students will also study elementary tax planning, taxation of basic import/export transactions including customs, and international taxation under double tax and foreign investment treaties. Home tasks will include problem sets, statutory interpretation and application, and review of tax authority guidance and administrative cases. Three hours of instructor-led class time per week.
Introduction to Auditing (BUS253)
Credits:3
This course examines the changing role of the auditor, the organization of the accounting profession, and the influences of oversight. Topics include auditing and reporting standards,audit planning and documentation, materiality and risk, internal control, statistical tools,legal liability, and professional ethics. Students will utilize journal articles and case studies to discuss and analyze theory. Home tasks include reading, case study analysis and problem sets. Three hours of instructor-led class time per week.
Intermediate Auditing (BUS254)
Credits:3
This course builds upon topics introduced in BUS253,Introduction to Auditing, and focuses on auditing financial reports, internal controls, and Electronic Data Processing (EDP) systems. Topics include the personnel and payroll system, inventory, capital acquisition cycle, selected balance sheet and income statement accounts, audit reports, assurances and other services, professional ethics, and legal responsibilities. Also discussed will be the value value of internal auditing to a company’s strategy. Home tasks include reading, case study analysis and problem sets. Three hours of instructor-led class time per week.
International Accounting (BUS257)
Credits:3
This course examines how generally accepted accounting principles and reporting practices have been developed and applied globally. Topics include inflation accounting and foreign currency translation, accounting for hedging transaction losses, management control in the foreign environment, analysis of foreign financial statements, transfer pricing and international taxation. Students will utilize case studies to compare practices and examine theory. Home tasks include research, case study analysis, and problem sets. Three hours of instructor-led class time per week.
Sales Management (BUS261)
Credits:3
This course examines through case study analysis the strategic and tactical aspects of sales management with emphasis on strategies for managing a sales force. Business-to-business as well as business-to-consumer relationships will be covered. Students will engage in individual presentations as well as group projects. Topics include salesperson effectiveness, deployment, motivation, organizational design, compensation, and evaluation. Home tasks will include reading, research, case study analysis, and presentation preparation. Three hours of instructor-led class time per week.
Consumer Behavior (BUS262)
Credits:3
This course examines the factors influencing consumer choices in the market place. Topics include consumer knowledge, rationality, judgment biases, risk-taking, dealing with conflicting values, and prospect theory. Students will work individually and in groups to analyze case studies. Home tasks include reading, research, and case studies. Three hour of instructor-led class time per week
Brand Management (BUS263)
Credits:3
This course examines the importance of building a brand as well as the ingredients for solid brand management. Topics include understanding brands, designing brand, and measuring brand usage. Students will work individually and in groups to analyze case studies and present findings. Home tasks include research and case study analysis. Three hour of instructor-led class time per week.
International Marketing (BUS265)
Credits:3
This course examines the economic, cultural, social, political, legal, and strategic influences on international marketing. Topics include product pricing, distribution, strategies and policies, market selection, and market research. Home tasks include reading, research, and case study analysis. Three hour of instructor-led class time per week.
Advertising Management (BUS266)
Credits:3
This course examines the theories, strategies, principles and practices of effective advertising management. Students will utilize theory and market research to analyze the design and management of advertising. Topics include consumer segmentation, target selection, consumer motivation and insight, and developing communications strategies. Students will work individually and in groups to analyze case studies. Home tasks include research and case study analysis. Three hour of instructor-led class time per week.
Tourism and Hospitality (BUS271)
Credits:3
This course will examine the scope of the hospitality and tourism industries and how they work together, whilst learning key business skills including marketing, operations management and human resources. The course will address hospitality management knowledge and practices. It will review aspects from marketing to engineering of lodging and food service industries. Home tasks will include industry analysis, reading assignments and case study write-ups. Instructor-led discussion, along with reading, written, and practical assignments.
Market Research (BUS275)
Credits:3
This course examines the role of market research in solving marketing problems. Topics include problem formulation, research design, alternative methods of data collection, sampling, and data analysis techniques. Students will work individually and in groups to engage in market research. Home tasks include research, case study analysis, and problem sets. Three hour of instructor-led class time per week.
Integrated Marketing Communication (BUS276)
Credits:3
This course explores the integrated approach to marketing products and services and the major marketing communication decisions made by brand managers. Topics include mass media advertising, public relations, sales promotion, direct response marketing and packaging. Students will work individually and in groups on various marketing projects throughout the semester. Home tasks include research and case study analysis. Three hour of instructor-led class time per week.
Internet Marketing (BUS278)
Credits:3
This course will build upon BA 160 Principles of Marketing and investigate the opportunities and challenges presented by the continuing development of Internet Technology. Topics include e-business strategy, online consumer behavior, strategy alternatives, advertising, promotions, and public relations. Lectures and workshops will explore the use of the internet in market research and marketing communication between businesses and consumers as well as between businesses. Home tasks will include research and case study analysis. Three hours of instructor-led class time per week.
Special Topics in Marketing (BUS279)
Credits:3
This course explores topics in business communication with emphasis on current problems and research. Topics to be announced prior to course registration. Three hour of instructor-led class time per week.
Operations Management (BUS280)
Credits:3
This course provides a comprehensive introduction to the role, responsibilities, and skill sets of operations managers. Through this course, students will learn how operations managers can effectively and efficiently transform human, physical, financial, and technical resources into goods and services. Students will also learn how to analyze, run and improve business operations across a range of industries. The course emphasizes operation-level decision-making, involving both process-design and resource decisions. Students are required to complete a final project in which they assess the effectiveness of management decisions and provide recommendations to a real world business challenge based upon an extensive analysis of both qualitative and quantitative data. Home tasks will include completion of reading assignments, problem sets and case study analysis. Three hours of instructor-led class time per week time per week
Management Information Systems (BUS281)
Credits:3
The course introduces students to information technologies as they influence the structure, processes, and strategies of organizations and economies, and the roles and techniques of management in introducing and utilizing these technologies for achievement of organizational objectives and improvement of business processes. Through this course, students will examine the role of information systems in solving business-related problems such as new product/service development, innovation, and competitive performance. Topics include information systems in global business; IT infrastructure, business intelligence and information security; key system applications for enhanced decision-making, operational excellence, managing knowledge and AI; building and managing information systems; and more. Home tasks will include completion of reading assignments, problem sets involving use of computer software, case studies and IT projects.
Modern Tools of Decision Making (BUS282)
Credits:3
This course aims to provide and cover the fundamentals of CRM, HRM and ERP technology and to enable students to use these tools for efficient decision making It is based on a real system that simulates close to real data of different enterprises – with sales, people and resources. Students will have an access to systems and will be exposed to real world complex problem solving situations, such as hiring/firing, managing shortages of supplies and sales management. The course will also cover cases of different Process Automation principles. Home tasks will include completion of reading assignments, problem sets and case study analysis.
Strategic Management (BUS285)
Credits:3
This course brings together the skills and disciplinary understanding gained in previous courses, with a focus on managerial decisions and actions that determines the long-term performance of a company. Topics include: environmental scanning (both external and internal), strategy formulation (strategic or long-range planning), strategy implementation, and evaluation and control. The study of strategic management, therefore, emphasizes the monitoring and evaluating of external opportunities and threats in light of a corporation’s strengths and weaknesses._x000D_ _x000D_ Students will develop skillsets for understanding and analyzing strategic issues. Students will examine and analyze cases studies covering a broad range of business situations as well as other internal and external factors affecting and driving managerial decision-making. Students will work both individually and in groups, to present cases, and develop a foreign market-entry strategy project for a virtual company they will develop themselves. There are three hours of instructor-led class time per week.
Accounting Information Systems (BUS286)
Credits:3
This course examines accounting information systems, including their design, control, and use. Through this course, students will develop their abilities to understand the processing of accounting data through computerized systems and the controls that are necessary to assure accuracy and reliability of the data processed by these systems. Home tasks will include completion of reading assignments, problem sets and case study analysis. Three hours of instructor-led class time per week.
Start-Up Management (BUS287)
Credits:3
This course focuses on the typical stages that successful start-up companies go through, tailored to the Armenian business reality. Students will apply appropriate managerial and entrepreneurial principles and frameworks to analyze innovative business ideas. Guest speakers from prominent Armenian start-up companies will share their experience on managing the initial phase of launching and developing a company, and on real-life “underwater stones” that they had to cope with. A major component will be a group project to identify “market gaps” that could be filled in by new product/service offerings, and to prepare a substantiating written report and a PPT presentation to support the case using analytical tools and techniques included in class materials. Classroom discussion and homework assignments will be based on case studies. Three hours of instructor-led class time per week.
Business Analytics (BUS288)
Credits:3
This course will introduce the main concepts in business analytics, which will allow achieving fluency in four paradigms that account for most business decisions: marketing, operations, human resources and financial analytics. Students will learn how to explore and visualize the data and develop an analytic mindset that will help you make strategic decisions based on data. Students also explore the common pitfalls in interpreting statistical arguments, especially those associated with big data. Collectively, this course will help students internalize a core set of practical and effective methods and concepts, and apply them to solve some real world problems. In the final Project, students will apply their skills to interpret a real-world data set and make appropriate business strategy recommendations. In addition to the readings, there are 5 graded problem sets and ungraded review problem sets at the beginning and end of the course. The problem sets have both analytical and computational exercise components. The statistical analysis will be conducted using IBM SPSS Statistics, IBM SPSS Modeler and MS Excel. Three hour instructor led class-time weekly.
Independent Study (BUS290)
Credits:3
This course is designed to permit students to design and complete a research project or other academic or professional approved activity under the supervision of an instructor for credit. The course will address a special area of interest of the student and instructor outside the standard offerings of the program and have interdisciplinary or research components. The course must include a syllabus (or study plan) and evidence of learning equivalent to respective credits. Independent study courses are subject to approval of instructor and Program Chair.
Internship (BUS292)
Credits:3
The Business Internship provides students with practical experience in professional settings, enabling students to apply the skills learned throughout the program. Placements must be approved by the program prior to the course registration opening date. Approval will depend on both the suitability of the placement and the specific tasks and projects that the placement will entail. All internships require regular reporting and culminate with a written report summarizing the internship experience. The internship requires up to 150 hours of work (50 hours per credit) over the length of minimum 10 weeks in the given semester. Students can take the course no more than two times (adding up to no more than 3 credits)
Intership (BUS293)
Credits:2
Research Methods (BUS295)
Credits:3
This course is designed to provide students with with the necessary knowledge and skills on different types of quantitative, qualitative and mixed methods approaches. Students will advance their understanding of research through critical exploration of research language, ethics, elements of the research process and challenges. Students will gain an understanding of relevant techniques and elements of undertaking a research inquiry and providing insights to solving a relevant problem. The course will cover the following topics: defining research questions, setting research objectives, doing systematic literature review, elaborating study design, doing secondary and primary data collection and mastering such instruments, doing sampling and data analysis; and effective reporting and communicating results. Coursework includes reading, assignments, research proposal elaboration, exams.
Senior level required
Business Case Analysis (BUS298)
Credits:3
Modern fast-changing world requires an adaptive style of decision-making. Students will be working in teams of three or four to learn advanced techniques of analyzing the dilemma in case studies. They will develop criteria to assess alternative scenarios and offer the best solution, preparing presentations utilizing unique slide templates that each team will prepare. Teams will have at least one student specializing in marketing and at least one student specializing in finance/accounting. In addition to gaining vital skills of framing and analyzing complex business problems, students will learn to work under pressure through solving cases in a limited timeframe.
Capstone Thesis (BUS299)
Credits:3
Students will be able to choose this option as an alternative to Capstone simulation, Capstone consulting project, or Thesis. They will work in teams of three or four to learn advanced techniques of analyzing the dilemma in HBS-style case studies, and preparing presentations on proposed solutions. Each team will have at least one student specializing in marketing and at least one student specializing in finance/accounting. Ultimately, student teams will be ready to participate in business case competitions representing AUA.
Evolution of Economic Thought (ECON120)
Credits:3
This course examines the development of economic theories, models, and schools of thought from the birth of market economies to the present. Topics include the historical, institutional, and social forces shaping economic thinking and public policy. The course emphasizes foundational issues such as the role of the state in the economy, the social and economic consequences of property, prices, money, production, trade and other defining attributes of contemporary society. Home tasks include reading, research, and case studies. Three hours of instructor-led class time per week.
Principles of Microeconomics (ECON121)
Credits:3
This course examines basic principles of microeconomics including core elements of supply and demand, opportunity cost, market equilibrium, elasticity, and income distribution. Students will use these basic principles to evaluate market efficiency and social welfare resulting from the interactions of consumers, firms, and government regulation and intervention. Students will learn to define these basic principles and appropriately apply them to analyze case studies and current economic problems. Students are required to complete weekly reading assignments and use appropriate software to solve problem sets. Three hours of instructor-led class time per week.
Principles of Macroeconomics (ECON122)
Credits:3
This course examines aggregate economic activity in relation to the level, stability, and growth of national income, consumption, employment, interest rates, and inflation as well as the impact of the global economy. The course emphasizes the role and impact of monetary and fiscal policy on domestic and international economic stability and growth. Students will learn to describe and apply basic principles of macroeconomics as well as analyze the impact of monetary and fiscal policy on aggregate national and international economics. Students are required to complete weekly reading assignments and use appropriate software to complete problem sets and case studies. Three hours of instructor-led class time per week.
Economics and Public Policy (ECON201)
Credits:3
In this course students will analyze the role of government in the economy by exploring the short- and long-term objectives of government (mitigating business cycles vs promoting growth) and efficiencies vs. equity motivation for public policy. Topics may include the sources of government income and expenditures and the positives and negatives of the government intervention policies in critical areas like infrastructure and environment or international trade and financial markets.
Intermediate Microeconomics (ECON221)
Credits:3
The course examines the theories of utility and demand, production, cost functions in the short and long run general equilibrium analysis, and supply under differing market conditions of perfect competition and monopoly. Problems and applications are used to acquaint students with the implications of the theoretical concepts. Home tasks will include completion of reading assignments and problem sets. Three hours of instructor-led class time per week.
Intermediate Macroeconomics (ECON222)
Credits:3
Building on topics introduced in ECON 122, Principles of Macroeconomics, this course covers topics including per capita income theories and comparisons across countries and time, fluctuations in output and employment, and the role of government in influencing aggregate variables. Home tasks include reading, research, and case study analysis. Three hour of instructor-led class time per week.
Economics of Sustainable Development (ECON223)
Credits:3
This course examines the concepts and methods used to analyze the interactions among the economy, the environment and society. . Students will work individually and in groups to examine how markets can address environmental and societal problems and promote sustainable development. Home tasks include reading, research, and case analysis. Three hours of instructor-led class time per week.
Introduction to Econometrics (ECON224)
Credits:3
This course provides a comprehensive introduction to econometrics. Students will learn to apply relevant models and methods to estimate relationships between economic variables, test hypotheses, and solve economic problems using appropriate software. Topics include theoretic probability, random variables, single and multiple regression analysis, functional forms, omitted variable analysis, multicollinearity, heteroscedesticity, autocorrelation, simultaneous equations, and dynamic models. Home tasks will include completion of reading assignments and problem sets. Three hours of instructor-led class time per week.
International Economics (ECON225)
Credits:3
This course examines globalization, international monetary issues, and international trade in a world of nation states and international and regional organizations. Students will explore theories and apply them to policy issues. Topics include foreign exchange markets, balance-of-payment adjustment, exchange rate theories, impediments to trade, financial crises, and monetary and fiscal policy in a global economy. Home tasks will include reading assignments and case study analysis. Three hour of instructor-led class time per week.
Economics of Development (ECON228)
Credits:3
This course examines the evolving definition of economic development and the changing processes that support and hinder it. Students will be introduced to a range of development theories and will analyze how economic development is impacted by human capital (education, health and nutrition), income distribution, the rural and urban sectors, technology, investment, property rights and contracts, international migration and remittances, infrastructure. The course will also cover national and international policies and reforms, financial markets, foreign trade, foreign aid, and international institutions. Through this course, students will learn to measure economic development, analyze variables that contribute to or deter it, and develop evidence-based solutions to real-world economic challenges. Home tasks will include completion of reading assignments and case studies. Three hours of instructor-led class time per week.
Special Topics in Economics (ECON229)
Credits:3
This course explores topics in economics with emphasis on current problems and research. Topics to be announced prior to course registration. Three hour of instructor-led class time per week.