Graceland Undergraduate Educational Program: Economics

Economics - Minor
Minor in Economics (18 s.h.)
- ECON1300 Principles of Macroeconomics – 3 s.h.
- ECON1320 Principles of Microeconomics – 3 s.h.
- ECON2100 Introductory Economic Data Analysis – 3 s.h.
- ECON3200 Public Finance – 3 s.h.
- ECON3220 Economics of Sports – 3 s.h.
- ECON3320 Money and Banking – 3 s.h.
Courses Offered
- ECON1300Principles of Macroeconomics
  ECON1300 Principles of Macroeconomics - 3 s.h.
  Analysis of the fundamental principles of the American economic system, centering on price, national income, international trade and finance, fiscal policy, monetary policy, money, and banking. Prerequisite: 1 year high school algebra; geometry recommended. ELO5 Social Science - World Citizenship, ELO5 Social Science - Innovation
- ECON1320Principles of Microeconomics
  ECON1320 Principles of Microeconomics - 3 s.h.
  Analysis of the fundamental principles of the American economic system, centering on price, production, market structures, and a survey of contemporary economic problems, e.g. sustainability. ELO5 Social Science - Sustainability
- ECON2100Introductory Economic Data Analysis
  ECON2100 Introductory Economic Data Analysis - 3 s.h.
  An introduction to economic data and statistical techniques commonly applied in business settings. Topics include understanding the basics of data interpretation, manipulation, and visualization. Students will learn how to carry out and interpret basic linear regression and other methods of statistical analysis in Excel.
- ECON3200Public Finance
  ECON3200 Public Finance - 3 s.h.
  An examination of the taxation policies and expenditure programs of the public sector. Related topics include public goods, income distribution, and public choice theory. Prerequisite: ECON1320. ELO5 Social Science - Equality, ELO5 Social Science - Equality and Peace. Offered odd years Spring. +This course is only offered every other year.
- ECON3220Economics of Sports
  ECON3220 Economics of Sports - 3 s.h.
  An application of economic theory to the business of sports. Areas include labor economics, public finance, and the theory of the firm. Prerequisite: ECON1320 and either two MATH courses or MATH1360.
- ECON3320Money and Banking
  ECON3320 Money and Banking - 3 s.h.
  A study of monetary institutions, monetary theory and policy implications, and the principles of our banking system. Prerequisite: ECON1320. +This course is only offered every other year.
ECON1300Principles of Macroeconomics ECON1320Principles of Microeconomics ECON2100Introductory Economic Data Analysis ECON3200Public Finance ECON3220Economics of Sports ECON3320Money and Banking
Course Descriptions

ECON1300 Principles of Macroeconomics - 3 s.h.
Analysis of the fundamental principles of the American economic system, centering on price, national income, international trade and finance, fiscal policy, monetary policy, money, and banking. Prerequisite: 1 year high school algebra; geometry recommended. ELO5 Social Science - World Citizenship, ELO5 Social Science - Innovation

ECON1320 Principles of Microeconomics - 3 s.h.
Analysis of the fundamental principles of the American economic system, centering on price, production, market structures, and a survey of contemporary economic problems, e.g. sustainability. ELO5 Social Science - Sustainability

ECON2100 Introductory Economic Data Analysis - 3 s.h.
An introduction to economic data and statistical techniques commonly applied in business settings. Topics include understanding the basics of data interpretation, manipulation, and visualization. Students will learn how to carry out and interpret basic linear regression and other methods of statistical analysis in Excel.

ECON3200 Public Finance - 3 s.h.
An examination of the taxation policies and expenditure programs of the public sector. Related topics include public goods, income distribution, and public choice theory. Prerequisite: ECON1320. ELO5 Social Science - Equality, ELO5 Social Science - Equality and Peace. Offered odd years Spring. +This course is only offered every other year.

ECON3220 Economics of Sports - 3 s.h.
An application of economic theory to the business of sports. Areas include labor economics, public finance, and the theory of the firm. Prerequisite: ECON1320 and either two MATH courses or MATH1360.

ECON3320 Money and Banking - 3 s.h.
A study of monetary institutions, monetary theory and policy implications, and the principles of our banking system. Prerequisite: ECON1320. +This course is only offered every other year.
Data Analytics for Economics Certificate
Students wishing to earn the Data Analytics for Economics certificate must complete the following 18 credit hours with Graceland University.
- ECON2100 Introductory Economic Data Analysis – 3 s.h.
- ECON3220 Economics of Sports – 3 s.h.
- ECON3430 Managerial Economics – 3 s.h.
- CSIT1100 Principles of Computing – 3 s.h.
- DSCI1500 Beginning Data Science and Analytics – 3 s.h.
- DSCI4700 Capstone for Data Analytics Certificates – 3 s.h.
Courses Offered
- CSIT1100Principles of Computing
  CSIT1100 Principles of Computing - 3 s.h.
  An introduction to the fundamentals of computer programming through extensive practice developing software in the Python language. Fundamental terminology and topics such as integrated development environments, variables, data types, control structures, functions, and objects will be covered. ELO4 Global Learning - Innovation
- DSCI1500Beginning Data Science and Data Analytics
  DSCI1500 Beginning Data Science and Data Analytics - 3 s.h.
  Introduction to the basic methods of analysis in Data Science and Data Analytics. This course introduces students to the basic statistical methods, coding applications, problem solving, and data integrity issues common to the field.
- DSCI4700Capstone for Data Analytics Certificates
  DSCI4700 Capstone for Data Analytics Certificates - 3 s.h.
  The course covers the basic aspects of a complete data analytics project. Students will use data sets obtained from community partners. Students will work in teams with each team producing a problem definition in conjunction with the client, conducting the proposed analysis directed at providing insight into the problem, and disseminating the results of the analysis in written and oral form.
- ECON2100Introductory Economic Data Analysis
  ECON2100 Introductory Economic Data Analysis - 3 s.h.
  An introduction to economic data and statistical techniques commonly applied in business settings. Topics include understanding the basics of data interpretation, manipulation, and visualization. Students will learn how to carry out and interpret basic linear regression and other methods of statistical analysis in Excel.
- ECON3220Economics of Sports
  ECON3220 Economics of Sports - 3 s.h.
  An application of economic theory to the business of sports. Areas include labor economics, public finance, and the theory of the firm. Prerequisite: ECON1320 and either two MATH courses or MATH1360.
- ECON3430Managerial Economics
  ECON3430 Managerial Economics - 3 s.h.
  Considers the business enterprise as an economic and social institution. Particular attention is given to the theory of the firm and the application of the theory in problem-solving. Prerequisites: MATH1360 and ECON3350. +This course is only offered every other year.
CSIT1100Principles of Computing DSCI1500Beginning Data Science and Data Analytics DSCI4700Capstone for Data Analytics Certificates ECON2100Introductory Economic Data Analysis ECON3220Economics of Sports ECON3430Managerial Economics
Course Descriptions

CSIT1100 Principles of Computing - 3 s.h.
An introduction to the fundamentals of computer programming through extensive practice developing software in the Python language. Fundamental terminology and topics such as integrated development environments, variables, data types, control structures, functions, and objects will be covered. ELO4 Global Learning - Innovation

DSCI1500 Beginning Data Science and Data Analytics - 3 s.h.
Introduction to the basic methods of analysis in Data Science and Data Analytics. This course introduces students to the basic statistical methods, coding applications, problem solving, and data integrity issues common to the field.

DSCI4700 Capstone for Data Analytics Certificates - 3 s.h.
The course covers the basic aspects of a complete data analytics project. Students will use data sets obtained from community partners. Students will work in teams with each team producing a problem definition in conjunction with the client, conducting the proposed analysis directed at providing insight into the problem, and disseminating the results of the analysis in written and oral form.

ECON2100 Introductory Economic Data Analysis - 3 s.h.
An introduction to economic data and statistical techniques commonly applied in business settings. Topics include understanding the basics of data interpretation, manipulation, and visualization. Students will learn how to carry out and interpret basic linear regression and other methods of statistical analysis in Excel.

ECON3220 Economics of Sports - 3 s.h.
An application of economic theory to the business of sports. Areas include labor economics, public finance, and the theory of the firm. Prerequisite: ECON1320 and either two MATH courses or MATH1360.

ECON3430 Managerial Economics - 3 s.h.
Considers the business enterprise as an economic and social institution. Particular attention is given to the theory of the firm and the application of the theory in problem-solving. Prerequisites: MATH1360 and ECON3350. +This course is only offered every other year.
Course list - Economics
Courses Offered
- ECON1300Principles of Macroeconomics
  ECON1300 Principles of Macroeconomics - 3 s.h.
  Analysis of the fundamental principles of the American economic system, centering on price, national income, international trade and finance, fiscal policy, monetary policy, money, and banking. Prerequisite: 1 year high school algebra; geometry recommended. ELO5 Social Science - World Citizenship, ELO5 Social Science - Innovation
- ECON1320Principles of Microeconomics
  ECON1320 Principles of Microeconomics - 3 s.h.
  Analysis of the fundamental principles of the American economic system, centering on price, production, market structures, and a survey of contemporary economic problems, e.g. sustainability. ELO5 Social Science - Sustainability
- ECON2000Individual Study
  ECON2000 Individual Study - 1-3 s.h.
- ECON2100Introductory Economic Data Analysis
  ECON2100 Introductory Economic Data Analysis - 3 s.h.
  An introduction to economic data and statistical techniques commonly applied in business settings. Topics include understanding the basics of data interpretation, manipulation, and visualization. Students will learn how to carry out and interpret basic linear regression and other methods of statistical analysis in Excel.
- ECON3000Individual Study
  ECON3000 Individual Study - 1-3 s.h.
- ECON3200Public Finance
  ECON3200 Public Finance - 3 s.h.
  An examination of the taxation policies and expenditure programs of the public sector. Related topics include public goods, income distribution, and public choice theory. Prerequisite: ECON1320. ELO5 Social Science - Equality, ELO5 Social Science - Equality and Peace. Offered odd years Spring. +This course is only offered every other year.
- ECON3220Economics of Sports
  ECON3220 Economics of Sports - 3 s.h.
  An application of economic theory to the business of sports. Areas include labor economics, public finance, and the theory of the firm. Prerequisite: ECON1320 and either two MATH courses or MATH1360.
- ECON3280Economic Development (also GEOG3280)
  ECON3280 Economic Development (also GEOG3280) - 3 s.h.
  A survey of various analytic approaches to the problem of economic development in Asia, Africa, and Latin America, and an examination of their significant policy problems. ELO5 Social Science - Innovation
- ECON3320Money and Banking
  ECON3320 Money and Banking - 3 s.h.
  A study of monetary institutions, monetary theory and policy implications, and the principles of our banking system. Prerequisite: ECON1320. +This course is only offered every other year.
- ECON3350Intermediate Microeconomic Theory
  ECON3350 Intermediate Microeconomic Theory - 3 s.h.
  A study of contemporary consumption, production, pricing resource allocation, and distribution theory. Prerequisite: ECON1320.
- ECON3360Intermediate Macroeconomic Theory
  ECON3360 Intermediate Macroeconomic Theory - 3 s.h.
  A study of national income determination theory and stabilization policies. Prerequisite: ECON1320.
- ECON3430Managerial Economics
  ECON3430 Managerial Economics - 3 s.h.
  Considers the business enterprise as an economic and social institution. Particular attention is given to the theory of the firm and the application of the theory in problem-solving. Prerequisites: MATH1360 and ECON3350. +This course is only offered every other year.
- ECON3440International Economics
  ECON3440 International Economics - 3 s.h.
  Theories of international trade, foreign exchange markets, resource movements and international economic policies. Prerequisite: ECON1300. ELO4 Global Learning - World Citizenship, ELO4 Global Learning - Equality and Peace +This course is only offered every other year.
- ECON3900Topics in Economics
  ECON3900 Topics in Economics - 1-3 s.h.
  Study of selected topics from areas in economics such as industrial, agricultural, governmental, and historical economics. Topics are announced prior to each semester they are offered. May be repeated for credit when the topics vary.
- ECON4000Individual Study
  ECON4000 Individual Study - 1-3 s.h.
- ECON4100Investment Analysis (also BUAD4100)
  ECON4100 Investment Analysis (also BUAD4100) - 3 s.h.
  A study of the fundamental principles underlying the analysis of investments. Prerequisites: ACCT2320, BUAD3380, and ECON1320. +This course is only offered every other year.
- ECON4110Internship in Economics
  ECON4110 Internship in Economics - 1-3 s.h.
  An internship that allows students to work with professionals who are in career areas relating to the field of economics. The student will play an active role in identifying potential field sponsors. Repeatable to a maximum of 12 hours. (Graded on a Pass/ Fail basis.) Prerequisite: Instructor’s consent.
- ECON4300Research Seminar
  ECON4300 Research Seminar - 3 s.h.
  Students investigate theoretical and applied topics and present their findings. Prerequisites: ECON3350, ECON3360.
ECON1300Principles of Macroeconomics ECON1320Principles of Microeconomics ECON2000Individual Study ECON2100Introductory Economic Data Analysis ECON3000Individual Study ECON3200Public Finance ECON3220Economics of Sports ECON3280Economic Development (also GEOG3280) ECON3320Money and Banking ECON3350Intermediate Microeconomic Theory ECON3360Intermediate Macroeconomic Theory ECON3430Managerial Economics ECON3440International Economics ECON3900Topics in Economics ECON4000Individual Study ECON4100Investment Analysis (also BUAD4100) ECON4110Internship in Economics ECON4300Research Seminar
Course Descriptions

ECON1300 Principles of Macroeconomics - 3 s.h.
Analysis of the fundamental principles of the American economic system, centering on price, national income, international trade and finance, fiscal policy, monetary policy, money, and banking. Prerequisite: 1 year high school algebra; geometry recommended. ELO5 Social Science - World Citizenship, ELO5 Social Science - Innovation

ECON1320 Principles of Microeconomics - 3 s.h.
Analysis of the fundamental principles of the American economic system, centering on price, production, market structures, and a survey of contemporary economic problems, e.g. sustainability. ELO5 Social Science - Sustainability

ECON2000 Individual Study - 1-3 s.h.

ECON2100 Introductory Economic Data Analysis - 3 s.h.
An introduction to economic data and statistical techniques commonly applied in business settings. Topics include understanding the basics of data interpretation, manipulation, and visualization. Students will learn how to carry out and interpret basic linear regression and other methods of statistical analysis in Excel.

ECON3000 Individual Study - 1-3 s.h.

ECON3200 Public Finance - 3 s.h.
An examination of the taxation policies and expenditure programs of the public sector. Related topics include public goods, income distribution, and public choice theory. Prerequisite: ECON1320. ELO5 Social Science - Equality, ELO5 Social Science - Equality and Peace. Offered odd years Spring. +This course is only offered every other year.

ECON3220 Economics of Sports - 3 s.h.
An application of economic theory to the business of sports. Areas include labor economics, public finance, and the theory of the firm. Prerequisite: ECON1320 and either two MATH courses or MATH1360.

ECON3280 Economic Development (also GEOG3280) - 3 s.h.
A survey of various analytic approaches to the problem of economic development in Asia, Africa, and Latin America, and an examination of their significant policy problems. ELO5 Social Science - Innovation

ECON3320 Money and Banking - 3 s.h.
A study of monetary institutions, monetary theory and policy implications, and the principles of our banking system. Prerequisite: ECON1320. +This course is only offered every other year.

ECON3350 Intermediate Microeconomic Theory - 3 s.h.
A study of contemporary consumption, production, pricing resource allocation, and distribution theory. Prerequisite: ECON1320.

ECON3360 Intermediate Macroeconomic Theory - 3 s.h.
A study of national income determination theory and stabilization policies. Prerequisite: ECON1320.

ECON3430 Managerial Economics - 3 s.h.
Considers the business enterprise as an economic and social institution. Particular attention is given to the theory of the firm and the application of the theory in problem-solving. Prerequisites: MATH1360 and ECON3350. +This course is only offered every other year.

ECON3440 International Economics - 3 s.h.
Theories of international trade, foreign exchange markets, resource movements and international economic policies. Prerequisite: ECON1300. ELO4 Global Learning - World Citizenship, ELO4 Global Learning - Equality and Peace +This course is only offered every other year.

ECON3900 Topics in Economics - 1-3 s.h.
Study of selected topics from areas in economics such as industrial, agricultural, governmental, and historical economics. Topics are announced prior to each semester they are offered. May be repeated for credit when the topics vary.

ECON4000 Individual Study - 1-3 s.h.

ECON4100 Investment Analysis (also BUAD4100) - 3 s.h.
A study of the fundamental principles underlying the analysis of investments. Prerequisites: ACCT2320, BUAD3380, and ECON1320. +This course is only offered every other year.

ECON4110 Internship in Economics - 1-3 s.h.
An internship that allows students to work with professionals who are in career areas relating to the field of economics. The student will play an active role in identifying potential field sponsors. Repeatable to a maximum of 12 hours. (Graded on a Pass/ Fail basis.) Prerequisite: Instructor’s consent.

ECON4300 Research Seminar - 3 s.h.
Students investigate theoretical and applied topics and present their findings. Prerequisites: ECON3350, ECON3360.

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