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ACADEMIC PROGRAMS
Birmingham-Southern College Catalog 2016-2017
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EC 309 Microeconomics (1)
A survey of contemporary theory concerning consumption, production, demand, supply;
market price under competition and monopoly; factor prices; wages, interest, rent; the
concept of profits. Prerequisites: EC 201, EC 202, and MA 231. Spring.
EC 310 Asian Economies (1)
An introduction to the history of Asian economies, their current macroeconomic policies
and micro business environment. Topics to be studied include the “economic miracles” of
Japan and four Asian Tigers, developmental strategies of China, India, and Southeast
Asian economies, and United States-Asia relations on the basis of a geographical,
cultural, and historical approach. Prerequisite: EC 201.
EC 311 Quantitative Analysis for Business and Economics (1)
Selected methods and techniques related to managerial choice and administrative
decision making. The course is strongly recommended for majors. (Also listed as BA
311). Prerequisite: MA 207 or MA 231. Fall, Spring.
EC 340 Economics of Natural Resources and the Environment (1)
An examination of the economic theory of natural resource use and the environment.
Prerequisite: EC 201 or EC 202.
EC 350 Labor Economics (1)
An introduction to the field of labor economics. Topics covered include theories of
supply and demand for labor, wage determination, non-wage compensation schemes,
investments in human capital, and government intervention into the labor market.
Prerequisites: EC 201 and EC 202.
EC 404 Econometrics (1)
An application of statistical methods to the estimation of relationships among variables
using statistical software. This course introduces extensions of the ordinary least squares
regression method in theories and applications, including topics such as model
specifications, functional forms, problems associated with the estimation process, and
estimation techniques dealing with different types of datasets. Prerequisite: EC 204 or
MA 207. Spring.
EC 410 International Economics (1)
The theory of international trade, balance of payments, international financial institutions,
the structure of trade, international impacts on income distribution, trade policy including
protection and regulation. Prerequisites: EC 201 and EC 202.
EC 430 Economic Growth and Development (1)
A study of theories of economic growth, alternative approaches to development policy,
and their applications in various developing countries or regions. Prerequisites: EC 201
and EC 202.