Department of Business Administration and Economics
The economics program is designed to help students understand the world they live in, analyze important social issues, and adapt to a changing economic climate.
William F. O'Brien, Jr, Professor (1997), B.S. Worcester State College; M.A., Ph.D. Northeastern University
Bonnie Orcutt, Professor (2003), B.S. Worcester State College; M.A., Ph.D. Clark University
Wei Pang Lee, Professor (1992), B.A. Soochow University, Taipei, Taiwan; M.B.A. Northwest Missouri State University; Ph.D. University of Georgia
Elizabeth J. Wark, Professor (2007), B.A. Mount Holyoke College; M.B.A. University of Massachusetts; M.A., Ph.D. Clark University
Janice G. Yee, Professor (2007), B.A. University of Massachusetts, Dartmouth; M.A., Ph.D. Clark University
EC-102 Consumer Economics
LASC Categories: ICW
An in-depth study of personal and family economics, obtaining income, buying wisely, consumer borrowing, saving, and financial investment; the consumer protection and consumer legislation movements will be specifically emphasized.
EC-104 Personal Financial Planning
LASC Categories: ICW
An investigation of the major vehicles for personal savings: bonds, stocks, mutual funds, real estate, and retirement and estate planning.
EC-110 Introduction to Microeconomics
LASC Categories: HBS
An introduction to the operation of the American market system and to the behavior of its participants whether consumers, producers, the government, or other nations engaged in international trade with the United States.
EC-120 Introduction to Macroeconomics
LASC Categories: HBS
An introduction to economic analysis with particular emphasis upon the national problems of achieving and maintaining full employment, general price stability, and growth of the American economy through time.
LASC Categories: QR
Basic tools of statistical analysis appropriate to research in the social sciences; topics include measures of central tendency, hypothesis testing, time series, index numbers, regression, and correlation.
EC-193 First Year Seminar Economics
LASC Categories: FYS
Introductory level course covering topics of special interest to first year students. Offered only as a First Year Seminar.
EC-200 Intermediate Macroeconomics
An intermediate analysis of the determination of the level and growth of national income and employment, special attention given to the problems of inflation and recession and to the national fiscal and monetary policies designed to maintain full employment and stable price levels.
EC-201 Intermediate Microeconomics
An intermediate level treatment of the theory of market pricing in a private enterprise system as it affects the resource and output decision of firms and industries under various market structures and the behavior of consumers.
EC-202 Introduction to Mathematical Economics
A survey of some basic mathematical techniques appropriate to the anaylsis of economic models and application of economic theory.
EC-205 Money, Banking, and Monetary Policy
A study of the roles of money, depository institutions, and central bank monetary policy in maintaining stable growth of the American economy.
EC-206 Urban Economics
The theory and policy of the growth and development of metropolitan areas; some of the policy-related problems discussed are poverty, residential and commercial land use and traffic congestion.
EC-208 Economics of Health Care
LASC Categories: ICW, WAC
Introductory study of the health care industry of the United States; pricing of health care, manpower availability, alternative delivery systems, third party payments, and government role in planning, regulating, and financing health care.
EC-210 Current Economic Issues
This course is designed to connect economic knowledge and theory acquired at the introductory level to current economic issues and policy. National and international topics of importance will be considered. For example, pollution, trends in productivity, profitability and distribution, debt and deficits, patterns of investment, trade, and globalization and the economic issues of race, gender and poverty may be covered.
EC-215 Labor Economics
A study of the process of wage determination in a market economy, onsideration given to the evolution of union organization and collective bargaining affecting wages, hours, working conditions, and grievance procedures for labor.
EC-301 Economic Development
A survey of contemporary economic theories concerning less developed countries; social, cultural, and political forces shaping the development of such countries are also investigated.
EC-304 Economics of the Environment
Methods of pollution control and the socio-economic problems caused by pollution, current research on ecology and economics, and the impact that limits on pollution may have on income and population growth.
EC-306 Introduction to Econometrics
The application of statistical techniques to the verification of economic models and examination of economic problems.
EC-307 International Finance
Study of how international trade and investment is financed in a world of floating, fixed and managed exchange rate systems.
EC-308 International Trade
LASC Categories: GP
Reasons why nations gain by spatial specialization and exchange with other countries. Analysis of the mechanism by which international equilibrium is restored. Study of trade and foreign exchange policies.
EC-309 Public Spending and Taxation
An analysis of government spending, revenue sharing, and taxation; includes the impact of government spending upon efficient use of resources and national growth.
EC-400 Independent Study in Economics
For the student whose needs cannot be fully met by available offerings; actual arrangements to be made between student and professor; not intended for general enrollment; a limit of three credits can be acquired.
EC-402 Internship in Economics
Practical experience in economic analysis with industry and non-profit organizations and government agencies; internships may be of varying length.
EC-403 Selected Topics in Economics
Covers selected topics in economics of mutual interest to the student and faculty.
EC-408 Directed Study in Economics
Directed study offers students, who because of unusual circumstances may be unable to register for a course when offered, the opportunity to complete an existing course with an established syllabus under the direction and with agreement from a faculty member.