University of Virginia's College at Wise · Courses
ECO
23 courses with the subject ECO, each shown exactly as we captured it from the college's catalog, with every element we hold. Where the wording looks broken, that is our reading of the catalog, not the college's text.
ECO 1050Foundations Of Economics3
Credit(s) 3 A single-semester, non-mathematical introduction to economics. Topics include fundamental concepts of economics; principles of free enterprise and capitalism; prices in a market economy; the market model of supply and demand; the distribution of income in the United States; the circular flow of income and expenditures; macroeconomic policy goals; fiscal and monetary policy; and the role of government in the economy.
Credit(s) 3 This course examines capitalism as it is experience and lived in America compared with theoretical philosophical, economic, and legal perspectives on capitalism. Students will analyze and evaluate American capitalism by thinking and writing about issues such as income and wealth distribution accruing in American society, economic growth in America, and human flourishing in America. The course will identify and examine challenges facing American capitalism in the 21st century, such as technological change, globalization, and political polarization.
Credit(s) 3 An introduction to microeconomic theory. Topics include fundamental concepts of economics; prices in a market economy; the market model of supply and demand; comparative advantage and exchange; competition, prices, and supply decisions; the distribution of income through profits, interest, rents, and wages; and governments role in the economy. Prerequisites MTH 1010 with a grade of C or better
Credit(s) 3 An introduction to macroeconomic theory. Topics include the circular flow of income and expenditures; aggregate supply and demand; economic stability, growth, and recession; supply and demand for money; fiscal and monetary policy; and demand- and supply-side views of the economy. Prerequisites ECO 2050 and a grade of C or better in MTH 1010
Credit(s) 3 A study of microeconomic theory. Topics include utility and consumer demand theory; cost and production theory; markets, competition, and price searching; and the supply and demand for labor and capital. Prerequisites ECO 2050
Credit(s) 3 A study of macroeconomic theory. Topics include national income accounting; the IS-LM model; models of aggregate supply and demand; inflation; macroeconomic policy debates; models of consumption, investment, money, and labor with implications for macro models. Prerequisites ECO 2060
Credit(s) 3 A study of the role of government in the U.S. economy. Topics include externalities and market failure; public goods and collective choice; federal expenditures and tax policy; entitlement programs; and regulatory activities. Prerequisites ECO 1050 or ECO 2050
Credit(s) 3 An introduction to the economic theories of international trade. Topics include comparative advantage and gains from trade, patterns of international trade in goods and services, and economic analysis of policies that affect the nature and volume of international trade, such as tariffs, quotas, and preferential subsidies. Prerequisites ECO 1050 or ECO 2050 or ECO 2060
Credit(s) 3 An overview of international business with a focus on global business using economic theories and concepts of international trade. Topics include contemporary global business, factors affecting global business, international monetary systems and financial markets, and multinational corporations. This course also explores gains from trade and patterns of international trade using economic analysis.
Credit(s) 3 A study of the theory of economic externalities and the environment. Topics include the economics of energy, common property resources, population growth, global climate change, sustainable economic development, and cost-benefit analysis. The course explores the use of policy instruments such as Pigouvian taxes, cap & trade, distribution of property rights, and the Coase Theorem to achieve optimal environmental policy goals.
Credit(s) 3 A study of economic theories of economic development and growth. Topics include economics of developing countries and theories of regional growth within developed countries in the context of the U.S. and world experience. Prerequisites ECO 1050 or ECO 2050 or ECO 2060
Credit(s) 3 A survey of the evolution of economic thought and theory. The course traces the development of economic thinking from ancient times to the present, highlighting people who made important contributions, their lives, and the social context that shaped their economic ideas. Prerequisites ECO 2050 and ECO 2060
Credit(s) 3 A study of the economic consequences of alternative expenditure and financing schemes for government. Topics include principles of federal, state, and local government finance; taxation and efficiency; taxation and income distribution; alternatives to taxation; and alternative tax bases. Prerequisites ECO 1050 or ECO 2050
Credit(s) 3 An introduction to creating and using quantitative economic models. Topics include creating mathematical representations of economic behavior and principles of model building. Students will discuss principles of econometrics, practice the use of econometric techniques, and build and describe an econometric model of their own design. Prerequisites ECO 2050 and ECO 2060 and ECO 2250
Credit(s) 3 The senior capstone course for all economics majors. For some students the course may be a hands-on computer simulation of running a company. For this option, the course requires students to develop business strategy, execute tactics, analyze competitors, and respond to computer-generated problems, opportunities, and changes in the operating environment. Students work in teams as the company’s executive managers; student teams compete against other teams worldwide. Faculty instructors function as business consultants to student teams. Students learn by doing; learning how to run a company by making operating decisions for a simulated company using a sophisticated software application. For some students the Economics Capstone course may be a case study. For some students the Economics Capstone course may be conducting a research project that produces a publishable paper. For some students Economics Capstone may be a structured internship. For all economics majors Economics Capstone requires oral and written presentations; students also complete the department’s comprehensive capstone examination as part of the course requirements. Prerequisites Final Senior Semester
