Roosevelt University in Chicago, Schaumburg and Online - Logo

Course Details

ECON 402  HISTORY OF ECONOMIC THOUGHT

"Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back" Thus spoke John Maynard Keynes, a 20th-century authority on economic theory and distinguished student of the history of economic thought. The development of economic thinking from the 16th century through the present day; the theories and methodologies of some great economists, such as Adam Smith, David Ricardo, Karl Marx, and Lord Keynes.

Credits:  3


ECON 403  ECONOMICS FOR DECISION MAKERS

Economic concepts and analysis applied to understanding domestic and global commerce, government policies towards business, and business policies towards other businesses. How to use economic analysis to read and interpret economic reports. Focus on microeconomics, macroeconomics, and international trade. An MBA course, not intended for economics majors.

Credits:  3


ECON 405  MODERN POLITICAL ECONOMY

Exploration of topics from Marxist, Post-Keynesian, and institutionalist approaches to political economy; focus on their philosophical foundations and political implications. May include theories of historical materialism, alienation, value and distribution, crises and depression, democracy and the state, economic and labor history, and the world capitalist system.

Credits:  3


ECON 406  INDUSTRIAL ORGANIZATION

Evolution of institutional organization of industry in American economy. Trade associations, cartels, price leadership, and governmental regulatory agencies.

Credits:  3


ECON 408  FEM ECON:THEORY, HIST & POL

This is a non-traditional study of the economic situation of women in the United States. Most economic analysis assumes the individual chooses to make mutually beneficial change the focus here gives attention to the interrelation between the family, the labor market, and the government in determining women economic fortunes

Credits:  3


ECON 409  ECONOMICS OF URBAN INEQUALITY

Economic and sociological theories of urban inequality. Urban economic and population trends; urban labor markets and poverty; urban housing markets and poverty; the links between cities and suburbs.

Credits:  3


ECON 410  CONTEMP AMER POL ECON & POLICY

The broad outlines of the neoclassical, Keynesian, institutionalist, and Marxian perspectives in economics; how these theoretical perspectives have been used to analyze American political economy and policy in the 1980s and 1990s.

Credits:  3


ECON 417  ECONOMICS OF WORK AND LABOR

This course will investigate the changing nature of work including such topics as: contiNgent labor, part-time work, the low-wage labor market, out-sourcing, unionization, and consultancy. These topics will be explored both theoretically and empirically with an emphasis on how different schools of thought within economics try to make sense of the contemporary labor market.

Credits:  3


ECON 418  CONTEMP PROBS IN COLL BARGAIN

Current status of labor-management relations concerning union organizing and collective bargaining. Topics include challenges to union organizing and growth; effects of unions on wages, productivity, profits, and inflation; and significance of labor market flexibility.

Credits:  3


ECON 420  GOVERNMENT & BUSINESS

How government regulation affects the economy. Case studies of regulation in railroad, airline, oil, and other industries.

Credits:  3


ECON 421  MACROECONOMIC THEORY

A first graduate course in macroeconomics. Analysis of the determination of output, employment, price level, and economic growth. Special attention to the nature of the business cycle and possibilities for countercyclical government monetary and fiscal policy.

Credits:  3


ECON 423  MICROECONOMIC THEORY

A first graduate course in microeconomics. Neoclassical microeconomics with a critical perspective. Analysis of supply, demand, production, and costs; price determination under conditions of perfect and imperfect competition; theory of income distribution.

Credits:  3


ECON 426  THEORIES OF JUSTICE

The course wil explore some fundamental questions about economic justice in a dialogical and interdisciplinary context. Student will read selections from classic texts (Aristotle to Walzer) as well as journal articles by contemporary theorists.

Credits:  3


ECON 433  COMPARATIVE ECONOMIC SYSTEMS

Case studies of selected countries; may include liberal capitalism, state socialism, corporatist capitalism, social democracy, democratic socialism, transitional economies, and developing economies. The relationship between political economic theory and actual economic systems and policies.

Credits:  3


ECON 436  STATISTICAL ANALYSIS

Topics include data analysis, probability, decision theory, process control, regression, statistical inference, linear programming, and others. Focus on the limitations, assumptions, applicability, and interpretation of quantitative techniques. Emphasis on using and interpreting computer software for quantitative analysis.

Credits:  3


ECON 438  FINANCIAL CRISES AND MARKETS

Role of money and financial institutions in operation of modern economies investigated with aid of modern macroeconomic theory.

Credits:  3


ECON 439  PUBLIC FINANCE

Why are 46 states facing budget crises? Public finance is the course that deals with this question, both in terms of theory and practice. Topics include public choice theory, the budget process, debt finance, tax analysis, non-tax revenue sources, and revenue forecasting. We will also explore alternative theories of the role of the state and tax incidence.

Credits:  3


ECON 440  ADV MACROECONOMIC THEORY

Basic macroeconomic theories refined, extended, and critiqued.

Credits:  3


ECON 446  INTRODUCTION TO ECONOMETRICS

Construction of econometric models, statistical testing of economic hypotheses, and estimation of parametric values in economic relationships using regression analysis. Computer applications.

Credits:  3


ECON 450  TOPICS IN ECON & FORECASTING

Advanced topics that may include matrix formulations of regression models, regression diagnostics and residuals analysis, stepwise regression, time series data and time series models (serial correlation of residuals, Akaike Information Criterion, Durbin-Watson test), ARIMA models , systems of equations, and Seemingly Unrelated Regression. Excellent preparation for quantitative research and advanced graduate work. Background in statistics and linear regression models required.

Credits:  3


ECON 452  URBAN ECONOMIC DEVELOPMENT

Interdisciplinary approach to theories of urban/local economic development including economics, planning, political science, finance, sociology, and marketing. Application of theories to real world economic issues including local area, business, community, human resource development, high technology, and technology transfer. (3)

Credits:  3


ECON 455  RHETORIC/WRITING ECON SOC SCI

An introduction to the varieties of rhetorics employed in economics and other human sciences, including parts of philosophy and statistics. Practices of reading for the variety of rhetorics will be complemented by practices of writing for them. Students will learn to write persuasively in their home disciplines, and in several different genres.

Credits:  3


ECON 460  INTERN IN ECON

Internship in Economics.

Credits:  3


ECON 463  MATHEMATICS FOR ECONOMICS

Mathematical tools and techniques in modern Keynesian, Neoclassical, Marxian, and Neoricardian economic theories. The methodology of mathematical economics, sets, functions, matrix algebra, comparative statistics, and differential calculus. A secure understanding of college algebra is presumed on the part of the student as prerequisite for taking this course. (3)

Credits:  3


ECON 465  ADVANCED MICROECONOMIC THEORY

Neoclassical and non-neoclassical analysis of the microfoundations of aggregate economic activity with applications to distribution and fairness, growth and innovation, regulation, industrial policy, theories of the firm, of consumer behavior, and class conflict.

Credits:  3


ECON 470  ECONOMICS OF PUBLIC POLICY

Seeking solutions to the problems of the world using basic economic principles and analysis. Exploring market interventions and shaping government actions to make society better off. Discussions, lectures, films, the Internet, and debates are utilized. Ideas of political candidates and policy pundits are examined. Topics can include Universal Health Care, Affordable Housing, Global Poverty, Pollution Control, Crime, Minimum Wage, the Maxwell Street Market, China, Alternatives Indicators, and Slavery.

Credits:  3


ECON 472  PUBLIC FINANCE

Public expenditure theory, supply and demand of public goods, and criteria for optimal allocation of resources. Philosophy, practice, and incidence of taxation.

Credits:  3


ECON 474  ECON OF DEVEL & UNDERDEVELOPMT

Major models in development from theoretical and practical perspectives. Mainstream capital-centered and dualistic theories, growth with equity, basic needs, dependency, and Marxian approaches.

Credits:  3


ECON 476  INT'L TRADE & IMPERIALISM

Theory of international trade, international movements of capital and labor, and national commercial policies; economic analysis of multinational corporations and question of imperialism.

Credits:  3


ECON 477  INT'L FIN & BAL OF PAYMENTS

Theory and description of foreign exchange rates and foreign exchange markets; interactions between national income and balance of payments; evaluation and reform of international monetary institutions.

Credits:  3


ECON 490  THESIS

Credits:  3


ECON 490Y  MASTERS THESIS COMPLETION

Credits:  0


ECON 495  INDEPENDENT STUDY

Credits:  1 - 6