This course is designed to introduce the student to the application of statistical techniques in modern decision making. Emphasis is placed on data collection and analysis, including measures of central tendency and dispersion, probability and probability distributions, sampling, estimation, and hypothesis testing.
Economics Courses
ECON 112 - Statistics I
ECON 114 - Statistics II
3-0-3
Credit Hours:
3
Continuation of ECON 112. Topics include: tests of population variance, quality control, time series analysis, analysis of variance, index numbers, and bivariate and multivariate regression and correlation analysis. Emphasis will be placed on the use of Excel in the analysis of data.
Offered Online: Yes
ECON 120 - Introduction to Business Analytics
3-0-3
Credit Hours:
3
This course introduces students to the foundational concepts of data analysis necessary to understand, interpret, display, and explain data. Lectures will cover statistical measurements of frequency, mathematical concepts related to data analysis, and ethical issues, all of which students will apply in their individual and group research on data sources and data interpretation. Students learn practical applications of data analysis and visualization.
Offered Online: Yes
General Education Fulfillment: Technological Competency
ECON 181 - Principles of Economics (Macroeconomics)
3-0-3
Credit Hours:
3
Macroeconomics is concerned with the performance of the economy as a whole. Students learn the fundamentals of economics, including the basic theories, concepts, terminology, and uses of macroeconomics to make sense of the complex world in which we live. Students learn how to apply macroeconomics in their personal and professional lives using fundamental concepts like supply and demand, Gross Domestic Product (GDP) as well as how fiscal and monetary policies impact the economy.
Offered Online: Yes
General Education Fulfillment: Cultural Analysis and Interpretation
Prerequisite:
FNMT 118 or higher
ECON 182 - Principles of Economics (Microeconomics)
3-0-3
Credit Hours:
3
Microeconomics deals with the significant aspects of an individual firm. Students learn the basic tools and techniques of microeconomic analysis critical to managing the business of a firm, including managerial decision making and problem solving. Students learn economic principles for analyzing the current conditions of a firm, with an emphasis on how to enhance the economic value of the firm through analysis of supply and demand, production and cost, demand for resources, pricing, and competitive strategies under various market structures.
Offered Online: Yes
Prerequisite:
FNMT 118 or higher