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Minor Requirements (18 credit hours)
(Click a course name below to view course details)
EC 201 Macroeconomics
This course is a study of the behavior of the macroeconomy, including the causes and consequences of inflation, unemployment, and the business cycle. Monetary, fiscal, and “supply side” policies for dealing with macroeconomic problems are examined. Prerequisites: Sophomore standing or permission of the instructor.
EC 202 Microeconomics
This course is an investigation of the economic behavior of consumers, businesses and government. Emphasis is placed on price and output determination under various market structures and on the entrepreneurial competitive process. Prerequisites: Sophomore standing and an understanding of basic math or permission of the instructor.
EC 301 Money and Banking
This course is a study of the theory and history of money and banking. Emphasis is placed on analyzing the Federal Reserve System and the U.S. Treasury and their role in money creation, inflation, business cycles, and international finance. Prerequisites: EC 201 or EC 202
Plus 9 credit hours selected from the following:
EC 332 Comparative Economic Systems
Analysis of systems for organizing economic activity. Socialist methods of economic management are compared with the operation of the free-market economy and of government intervention into market relationships. Marxian thought also is analyzed in-depth. Not offered every year.
EC 333 History of Economic Thought
This course surveys the development of modern-day economic ideas and doctrines beginning with Adam Smith and his famous work, An Inquiry into the Nature and Causes of the Wealth of Nations. The ideas and traditions covered include the British Classical School founded by Smith, the Glut theorists of Thomas Malthus, Karl Marx and his communist ideology, John Maynard Keynes and the rise of macroeconomic demand management, Milton Friedman and Monetarist economics, the Supply Side economics of incentives, and Austrian economics of Mises, Hayek, Hazlitt, Rothbard and Sennholz. Prerequisites: EC 201 or EC 202, or permission of the instructor
EC 334 Economics from a Biblical Perspective
This course examines the literature and debate over the legitimacy of Biblical Economics, the methodology and premises that form its paradigm, and numerous Biblical passages that produce a unified body of thought consisting of interdependent economics and moral principles. These principles will be applied to contemporary economic issues to reveal a distinct set of conclusions for public policy that is uniquely Judeo-Christian. Prerequisites: EC 201 or EC 202, or permission of the instructor
EC 399 Topics in Economics
In-depth exploration of particular economic subjects on issues not treated or treated only briefly in other courses. Specific titles offered under this heading will be listed in the course schedule for the session in which they are offered.
ES 200 Fundamentals of Entrepreneurship
Designed to cover all of the major steps that must be mastered for successful startup of a new business venture. The course emphasizes the development of an entrepreneurial perspective to assess, evaluate and act on market opportunities, and the creation of a business plan.
GE 312 World Economic Geography
Examination of world resources, industries, infrastructure, trade, and current economic and business trends from geographic perspective.
ISPS 393 Conservative Economics
The course focuses on the principles and processes of economic activity based on private ownership, entrepreneurship, free markets and U.S. Constitutional government. Textbooks include the classic works of Nobel laureate Friedrich Hayek, Henry Hazlitt, Thomas Sowell, Nobel laureate Milton Friedman, and other authors in the conservative economic tradition. The course also seeks to analyze the processes and principles of socialism and hampered market economies. Prerequisites: Junior status or permission of the instructor
ISPS 393 is taught as a 3 credit hour class component in the 9-credit hour online cluster class, Is Rush Right? Seminar in Advanced Conservative Studies.
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