ECO

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course provides an overview of current global economic issues. Basic economic concepts are introduced in order to explain differences in the level of development among countries, the direction of trade, the causes and effects of international financial crises, and the motivations of some countries to transition to a market economy. The course also discusses the way in which countries coordinate efforts to deal with matters of international concern such as pollution and global warming. Topics also include the role of international institutions including the World Bank, the international Monetary Fund, the World Trade Organization, and the United Nations. Course Offered: Fall Credits: Credits:3 (3,0) Page 210 • Course Index • 2026-202

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course is designed to introduce classic macroeconomic issues such as unemployment, inflation, national income and economic growth. The course will provide a unified framework to address these issues and to study the impact of different policies, such as monetary and fiscal policies, on the aggregate behavior of the economy. Analytical tools will be used to understand the experiences of the United States and other countries, and to address how current policy initiatives affect their macroeconomic performance. Course Offered: Fall, Winter, Spring, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course introduces students to fundamental economic concepts and theory, including demand, supply, and the formation of equilibrium prices in product and resource markets. Students will learn a specific set of analytical tools as well as how to apply them to current policy issues. In addition, the course offers an introduction to applied fields such as industrial organization (market structures), labor economics, international trade, and market failure. Course Offered: Fall, Winter, Spring, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course introduces students to the technique of social science modeling by learning and applying a variety of different models of individual and social behavior. It will use basic concepts in probability and simple economic models (including, but not limited to, supply and demand, two- person prisoners’ dilemma, and indifference curves) to understand issues such as competition, purchasing/investment decisions, risk-taking and risk- avoiding behavior, diversity, and collective action. This course is designed for all students interested in getting a deeper exposure to economics than is available at the 100 level, and economics majors preparing to take more advanced classes in economics. Prerequisite(s): ECO 156 or ECO 157 Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course introduces students to basic mathematical techniques used in economic analysis. It applies differential calculus and linear algebra to economic analysis. Topics include: functions, equations in economics, constrained optimization, partial differentiation, and linear algebra. Prerequisite(s): ECO 156 or ECO 157 and (MTH 117 or MTH 129) Corequisite(s): MTH 117 or MTH 129 (to be taken before ECO 250 or simultaneously) Course Offered: Fall, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

A description of American central banking, the structure and development of commercial banks and non-bank financial intermediaries, the nation's money and capital markets, bank regulation and supervision, monetary theory and its policy implications, and the operation of the system in international payments. Prerequisite(s): ECO 156 Course Offered: Fall, Spring, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Explores and analyzes the problems and issues of inflation, unemployment, and the necessity of urban renewal, the growth of corporate conglomerates, and the social and political ramifications in the world's money markets, together with the reasons giving rise to these occurrences. Prerequisite(s): ECO 156 Course Offered: Summer Credits: Credits:3 (3,0)

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course provides students with a critical examination and introduction to the analysis of markets, demand theory, production, theory of the firm, market structure, general equilibrium and welfare analysis, and introductory game theory. The course introduces students to introductory modeling and mathematical methods used in microeconomics to model and estimate demand relationships, production functions, market behavior, and risk and uncertainty. Prerequisite(s): ECO 157 and (MTH 117 or 129) Course Offered: Fall Credits: (3,0) 7 College Catalog

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course introduces students to the use of economic methods for managerial decision-making. The focus of the course is on the practical application of economic techniques to business problems, including: the theory of the firm, demand estimation, production functions, cost estimation, market structure, pricing strategy, and game theory. Note: Students completing this course may not receive credit for ECO 260 Prerequisite(s): ECO 157 and (MTH 117 or 129) Course Offered: Fall, Spring Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Study of aggregate economic analysis. With attention to the determination of the level of income, employment, and inflation (IS-LM); Fiscal and monetary stabilization policies critically examines both theories, and the policies associate with them; the macroeconomic implications of fixed and flexible exchange rates in the presence of international capital mobility supply-sided economics. Prerequisite(s): ECO 156 and (MTH 117 or MTH 129) Course Offered: Fall, Spring, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

An analysis and in-depth study of the economics and economic impact of the arts and entertainment activities. Topics include arts demand and supply, live performing and cultural arts, profit and non-profit entertainment industries, music and film industry (recorded arts) arts venues, museums, and performing arts centers and economic models of nonprofit cultural organizations. Prerequisite(s): ECO 156 and ECO 157 Course Offered: Winter, Spring, Summer Credits: Credits:3 (3,0)

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

An analysis and in-depth study of the economics and economic impact of professional and amateur sports. Topics include team and league structures, labor relations, stadium financing, consumer demand for sports, and the role and impact of public and private subsidies. The student should be able to: identify and explain the economic principles and problems associated with sports team ownership, stadium economics, as well as the impact and effects of radio and television broadcast rights on sports economics. Prerequisite(s): ECO 156 or ECO 157 Course Offered: Fall, Winter, Spring, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course is designed to provide students with an introduction to the analysis of investment in real estate markets and to real estate finance. The class will consider both housing and mortgage markets, as well as public policies that affect these markets. An important segment of the course will be training in the analysis of mortgage instruments used to finance investments in real estate. This will include calculating payment streams for different types of mortgages, consideration of different types of mortgage contracts that shift interest rate and default risk between lenders and borrowers, and the role of the secondary market for mortgage securities. Prerequisite(s): (ECO 156 or ECO 157) and (MTH 110 or MTH 117 or MTH 129 or ECO 250) Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Subject

ECO

Credits (min)

3

Credits (max)

3

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Subject

ECO

Credits (min)

3

Credits (max)

3

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course provides an overview of the regulatory and legal constraints that nonprofit organizations face in the global economy. Students will analyze the strategies nonprofits use in adapting to fluctuating economic and political circumstances. The course will focus on the development of national, international, and transnational nonprofit organizations and the challenges embedded in the regions and industries in which they operate. Prerequisite(s): ECO 156 or ECO 157 and junior level status Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

The course provides an overview of the role and organization of the government in the economy, with specific applications to the United States and other countries around the world. The course discusses the conditions under which government intervention in the economy is desirable, and covers both the tax revenue side and the expenditure side of the government budget. Specific topics include externalities, public goods, redistributive tax and expenditure policies, and the assignment of responsibilities among different levels of government. Prerequisite(s): (ECO 156 or ECO 157) and Junior Level Status Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

A study of the economic structure and growth of the modern economy focusing on the effect and impact of emerging technologies on industry, employment, financial markets and market structure. Prerequisite(s): ECO 156 or ECO 157 Course Offered: Fall, Winter, Spring, Summer Credits: Credits:3 (3,0)

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course will provide students with a basic understanding of the economic aspects of engineering in terms of the evaluation of engineering proposals with respect to their worth and cost. Topics include: introduction to Engineering Economics; interest and interest formulas; equivalence and equivalence calculations; evaluation of replacement alternatives and operational activities; basic fundamentals of cost accounting. Prerequisite(s): Admission to a Tech Program or approval of this Department chair. Course Offered: Fall, Spring, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

The purpose of this course is to study the most important economic theories of the recent past in order to gain a better understanding, not only of these earlier economic theories, but also of the nature of economic theory in general and of the strengths and weaknesses of modern micro and macro-economics and policymaking. We will study the major schools of Modern Economic Thought -Neo-Classical, Austrian, Keynesian, Monetarist, etc. We will examine these theories to trace the long term thought on economic problems like value theory, money and inflation, free trade, macro- economics stability, etc. Prerequisite(s): ECO 156 and ECO 157 Course Offered: Fall, Spring, Summer Credits: Credits:3 (3,0)

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

First of a two semester offering to provide a comprehensive exposition of the theory and principles of international trade, the importance of international trade in interdependent economics, and a knowledge of international trade institutions and how they relate to U.S. commercial policy. The material will employ an analytical as well as historical and institutional approach. Prerequisite(s): ECO 156 or ECO 157 Course Offered: Fall, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Second half of a two semester offering to provide theoretical and practical knowledge of international finance, its relationships to financial markets, and the international monetary system as it relates to the U.S. economy. The course work will focus on balance of payments, foreign exchange markets and the international monetary system. Prerequisite(s): ECO 156 or h ECO 157 Course Offered: Fall, Spring, Summer Credits: (3,0) -2027 College Catalog • Page 211

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course introduces students to the basic mathematical models, techniques and forms of analysis used in financial economic analysis. Topics covered include uncertainty and financial decision-making, mean- variance model of portfolio selection, Black-Scholes option pricing formula, utility functions, computational techniques and stochastic volatility. Prerequisite(s): ECO 156 or ECO 157 Course Offered: Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course focuses on the inter-relationship between natural and manmade hazards and disasters and the economy. Disasters within the economic and sociology literature arise when an event impacts the physical, social and economic infrastructure beyond its normal absorptive capacity. Topics covered and examined include natural hazards and their effects on regional development, manmade disasters, methods of hazard analysis, impact estimation techniques, and disaster planning and mitigation, public policy and issues. Prerequisite(s): ECO 156 and ECO 157 Course Offered: Spring, Summer Credits: Credits:3 (3,0)

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Economics of Labor explores how individuals enhance their economic well- being through their work behavior and examines the role of labor markets in explaining disparities of wealth. Topics include the static labor market and its internal structure, the composition of the labor force, the nature of a job search, the life cycle human capital model, determination and classification of wages and wage structure, the American labor movement and the role of labor unions. Prerequisite(s): ECO 156 or ECO 157 Course Offered: Fall, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course will introduce students to the intersection of two research programs: behavioral economics and analytic game theory. Students will leave this class able to make predictions using game theory and will understand how bounded rationality affects those predictions. Prerequisite(s): ECO 156 or ECO 157 Course Offered: Fall, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This class introduces students to the R statistical programming language with an emphasis on using this powerful system to deal with economic and business data. This class is intended for students with little to no programming background. Over the semester students will learn to import data, clean and transform raw data, visualize data, run simple models and finally apply these tools to conduct their own project. Prerequisite(s): ECO 156 or ECO 157 with a grade of C or higher Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course is an overview of strategic interaction presented in the context of game theory. The course will prepare students for analyzing and solving problems where the outcome of an interaction depends directly on the decisions of all the individuals involved. After developing the analytical tool required to understand strategic interactions, students will apply these tools to problems in business management related to marketing, managerial decision-making, business law, pricing strategy, and the dynamics of competition. Prerequisite(s): ECO 157 and (MTH 116 or MTH 117 or MTH 129 or ECO 250) and junior level status Course Offered: Fall Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Students will learn and apply statistical methods used in empirical economic analysis. The course will cover the following topics: the fundamentals of probability and statistics, hypothesis testing, multivariate linear regression using Ordinary Least Squares (OLS), the statistical properties of OLS under less than ideal circumstances, the use of dummy variables, and specification analysis. Prerequisite(s): (MTH 110 or BUS 240 or MTH 341) and (ECO 156 or ECO 157) and (MTH 116 or MTH 117 or MTH 129) and Junior level status. Course Offered: Fall, Summer Credits: (3,0) Page 212 • Course Index • 2026-202

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course gives students the opportunity to earn credit for internship experiences without repeating ECO 489. ECO 389 focuses on professional development and career exploration, while ECO 489 emphasizes applied economic analysis. ECO 389 helps students clarify interests, build résumés, and gain workplace skills earlier in the major. The 300-level designation reflects its intended use by students who have some background in economics but are not yet at the advanced level. Prerequisite(s): ECO 156 or ECO 157, and department approval Credits: (0,0,3)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course enables students to explore a range of diverse topical and current issues in economics and will require extensive readings, analysis, and written work. Students should consult with the department prior to registering for this course. Prerequisite(s): ECO 156 or ECO 157 Course Offered: Fall, Spring, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course teaches students how to apply industrial organization theory to data. The course will cover strategic models of firm competition and analyze industrial policy issues. Students will gain a deeper understanding of the microeconomic and game theoretic frameworks necessary to study simplified models in industrial organization. Students will analyze topics including monopoly, oligopoly, cartels and collusion, market structure, price discrimination, product differentiation, technological change, advertising, and auction mechanisms. Prerequisite(s): ECO 250 and (ECO 260 or ECO 262) and Senior Level status Course Offered: Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course introduces students to the issues, interactions and inter- relationships arising between the market and government policy- making. Topics covered include: tools of public finance, budget analysis, externalities, political economy, cost-benefit analysis, taxation and policy, social insurance, income distribution and welfare. Prerequisite(s): (ECO 260 or ECO 262) and (ECO 255 or ECO 270) Course Offered: Fall, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course will focus on the principles of applied economic and welfare analysis. The basic theory of cost-benefit analysis is presented and its relevance for social policy analysis is established. Applications of cost- benefit analysis are examined in the light of management decision making, theoretical grounding in finance, accounting, marketing, investment and planning. The applications of cost-benefit analysis in the health care, non- profit, entertainment, transportation and information technology sectors are also examined. Prerequisite(s): (ECO 260 or 262) and (ECO 255 or 270) Course Offered: Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course is an examination of technology based growth and development s both in historical and current contexts. Topics include technology- based economic development, the role of human capital, technology transfer, intellectual property rights and patents, and network economics. Prerequisite(s): (ECO 260 or ECO 262) and (ECO 255 or ECO 270) Course Offered: Fall Credits: Credits:3 (3,0)

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Subject

ECO

Credits (min)

3

Credits (max)

3

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course provides a survey of the fundamental concepts underlying economic approaches to environmental policy, illustrates applications of these concepts in the real world and offers students the opportunity to apply their new knowledge toward understanding a current environmental problem. Prerequisite(s): (ECO 260 or ECO 262) and (ECO 255 or ECO 270) Course Offered: Fall, Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

A treatment of diverse topics chosen by the department for their importance in current economics. The course will require extensive reading, analysis and written work depending on the topic. Students should check with the department before registering for this course regarding anticipated topics for the semester. Prerequisite(s): (ECO 260 or ECO 262) and (ECO 255 or ECO 270) Course Offered: Fall, Summer Credits: Credits:3 (3,0)

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

In this class economics theory and analysis will be used to address questions on gender differences in education, career choices, household decisions, and earnings. Models of labor supply and demand, allocation of resources within household, human capital, earning equation, and discrimination will be introduced and data will be examined to test these economic theories. Gender-related policy issues and applications will also be discussed. Prerequisite(s): (ECO 260 or ECO 262) and (ECO 255 or ECO 270) Course Offered: Fall Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course will introduce some of the fundamental questions and issues surrounding the development process including topics such as: economic structure, economic growth models dual sector models, export led growth, as well as a range of applied and historical examples including an overview of African, Asian, and Latin American development experiences, and current issues in economic development. Prerequisite(s): ECO 255, ECO 260, ECO 262 or ECO 270 Course Offered: Fall Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course the methodology and applications of econometric forecasting and time series analysis. Topics include linear regression model, stationarity, modeling seasonality, arima models, and volatility. Prerequisite(s): (ECO 380 and 260) or (ECO 262 and 255 or ECO 270) Course Offered: Summer Credits: (3,0)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Advanced third and fourth year applied economics students will be placed in a public or private sector setting in which the student will be able to gain work experience in applied economics analysis. A written report on the internship experience is required of the student at the conclusion of the internship. Students may not repeat this course for credit. Prerequisite(s): (ECO 262 and ECO 260) or (ECO 250) and (255 or ECO 270) Course Offered: Fall, Spring, Summer Credits: Credits:3 to 3 (1,0,6 to 6)

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Subject

ECO

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

Subject

ECO

Credits (min)

3

Credits (max)

3

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu

This course is a follow-up to the economic research and reporting course. Its goal is to prepare the student to conduct independent research in consultation with their advisor, students will develop a senior project in an area of current economic interest. They will participate in seminar and present their research, culminating in a completed report and presentation on their research topic. Prerequisite(s): ECO 490 or 490W Course Index • 2026 Course Offered: Fall, Summer Credits: (3,0) ELECTRICAL ENGINEERING TECHNOLOGY (EET)

Subject

ECO

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.farmingdale.edu