Courses

One of the best ways to discover a degree program is to check out the course listings. By simply clicking on the course titles below, you can get a preview of the classes you will attend as a student at Indiana Wesleyan University.

A major in Economics includes 30 credit hours of economics and a cognate area of 10 credit hours which may be additional courses in Economics or a grouping directed in any one of the following areas: Accounting, Business Administration, Communications, Computer Information Systems, Criminal Justice, English, Finance, History, Management, Marketing, Mathematics, Music, Political Science, Psychology, Social Work, Sociology, or as directed by the department.

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4-year Bachelor's Degree*

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ACC-201 Accounting Principles I3 Hours
- Emphasizes the process of generating and communicating accounting information in the form of financial statements to those outside the organization. No prerequisite.
ACC-202 Accounting Principles II3 Hours
- Emphasizes the process of producing accounting information for the internal use of a company's management. Prerequisite: ACC-201.
MAT-112 General Statistics3 Hours
- An introduction to elementary concepts in descriptive statistics and inferential statistics using applications from various disciplines and supplementing with statistical software. Topics include data collection and summarization, random variables and probability distributions, linear correlation and regression, confidence intervals, and hypothesis testing. Prerequisite: Math SAT above 460 (Math ACT above 18) or a grade of "C" or above in MAT-104.
ECO-212 Microeconomics3 Hours
- Provides a background for advanced economics courses. A special emphasis is placed upon microeconomics topics including scarcity, division of labor, the economics of the firm, demand and price elasticity, and profits and competition.
ECO-213 Macroeconomics3 Hours
- An introductory survey of macroeconomic theory emphasizing how the U.S. economy works as well as the role and influence of the U.S. economy in global markets. Topics include national income accounting, circular flow, short-run and long-run models of the economy, labor productivity and economic growth, inflation and unemployment, money, monetary and fiscal policy, and competing theories of the business cycle.
ECO-444 Money and Banking3 Hours
- Discusses the theory of money and banking with specific analysis of the value of money, the nature of inflation, the reappearance of business cycles, and the problem of sound and unsound money. Money supply, interest rates, foreign exchange, and the problems of competition between banking and non-banking financial institutions are examined. Gives credit for majors in Economics or Business. Prerequisite: ECO-211 or ECO-213.
ECO-463 Economic Thought3 Hours
- An analysis of the derivation of economic doctrines from Smith and Ricardo through Marshall and Schumpeter to Keynes, Galbraith, and Friedman. Includes a critical examination of the theories of mercantilism, physiocracy, classicism, Marxism, neoclassicism, and contemporary economics. Gives credit toward majors in Economics or Religion/Philosophy. Prerequisite: ECO-211 or ECO-213.

40 credit hours

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ACC-201 Accounting Principles I3 Hours
- Emphasizes the process of generating and communicating accounting information in the form of financial statements to those outside the organization. No prerequisite.
ACC-202 Accounting Principles II3 Hours
- Emphasizes the process of producing accounting information for the internal use of a company's management. Prerequisite: ACC-201.
MAT-112 General Statistics3 Hours
- An introduction to elementary concepts in descriptive statistics and inferential statistics using applications from various disciplines and supplementing with statistical software. Topics include data collection and summarization, random variables and probability distributions, linear correlation and regression, confidence intervals, and hypothesis testing. Prerequisite: Math SAT above 460 (Math ACT above 18) or a grade of "C" or above in MAT-104.
ECO-212 Microeconomics3 Hours
- Provides a background for advanced economics courses. A special emphasis is placed upon microeconomics topics including scarcity, division of labor, the economics of the firm, demand and price elasticity, and profits and competition.
ECO-213 Macroeconomics3 Hours
- An introductory survey of macroeconomic theory emphasizing how the U.S. economy works as well as the role and influence of the U.S. economy in global markets. Topics include national income accounting, circular flow, short-run and long-run models of the economy, labor productivity and economic growth, inflation and unemployment, money, monetary and fiscal policy, and competing theories of the business cycle.

24 credit hours

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BUS-320 Business Statistics3 Hours
- This course helps students analyze and interpret statistical data. Quantitative concepts and basic techniques in research are stressed. Prerequisites: Admission to the Division and completion of the math competency requirement.
CON-253 Contemporary Economic Problems: Free to Choose2-3 Hours
- A penetrating interdisciplinary analysis of critical current economic issues including government and the economy, money and inflation, worker and consumer protection, tax reform, the welfare system, medical care, education in America, and America's future. Features a sequential viewing of the award-winning Milton Friedman film series "Free to Choose," with informative and stimulating discussion following the viewing of each film. Gives elective credit or credit toward a major in Business Administration, Economics, History, Political Science, or Social Work. May be taken for two or three credits.
ECO-270 Comparative Economic Systems3 Hours
- An analysis of the past and present of various political-economic systems and their implications for the present economy. Systems examined include feudalism, mercantilism, socialism, communism, capitalism, welfare, and interventionism. Prerequisite: ECO-211 or ECO-213.
ECO-275 Economics of Poverty3 Hours
- An interdisciplinary analysis of one of the most publicized issues in America. Discussed are the roots and history of poverty, alleged solutions, and the social and economic consequences of these solutions. Emphasized are the discovery and application of solutions from a Biblical perspective. Prerequisite: ECO-211, ECO-212 or ECO-213.
ECO-305 Entrepreneurship3 Hours
- The basic problems of starting a new business, obtaining sufficient capital, and bringing a new business to success are examined, thereby enhancing an understanding of risk, uncertainty, and markets, and the motivations and influence of the legal system within which an economy works. Gives credit for majors in Economics or Business. Prerequisites: BUS-100 and ECO-211.
ECO-320 American Economic History3 Hours
- A survey of the history of the United States from the economic viewpoint. Gives credit for majors in Economics or History. Prerequisite: HST-211 or HST-212 or ECO-212 or ECO-213.
ECO-322 Research Design and Methods in Political Science and Economics3 Hours
- This course will provide students with an introduction to research methods and statistical techniques used in social science research, particularly in the fields of economics and political science. This will include basic knowledge of the concepts and models employed for conducting experimental research, policy analysis and program evaluation, and unobtrusive research from data sets. Emphasis will be placed on using and applying the qualitative and quantitative techniques most widely utilized in social science research. This course gives credit for political science and history majors. Prerequisite: MAT-112 or BUS-320.
ECO-315 Urban Economics and Policy3 Hours
- An introduction to urban economic theory, urban spatial form, and urban policy problems. Topics include theories of urban evolution and form, regional comparative advantage and trade, urban economic growth and development, the limits to metropolitan size, land-rent gradients, public goods and externalities in urban areas, and urban policy problems: poverty, housing, segregation, transportation networks, congestion, land use planning and issues in local and regional governance and public finance. Pre-requisites: ECO-212 or ECO-213. Student should also be proficient in basic math, algebra and geometry. Knowledge of statistics will also be helpful.
ECO-340 Globalization and Economic Development3 Hours
- An intensive study of recent globalization trends and their impact on both developing and developed economies. A survey of economic development theories in developing economies; the role and influence of the U.S. economy in global markets. Students will discuss current theories of economic development and the arguments for and against globalization, free trade, open immigration, technological change, and the free flow of financial capital. Development topics include population growth and fertility rates, gender equity, educational opportunities for women, private property rights, regime corruption, and the role of the IMF and World Bank in developing economies. Prerequisites: ECO-211 or ECO-213 or consent of the Department.
ECO-365 Public Administration and Finance3 Hours
- A penetrating analysis of public administration and expenditures. Explores revenue including taxation, budget examination, and the effect of fiscal policy on the economy. Gives credit for majors in Economics or Political Science. Prerequisite: ECO-212, ECO-213 or POL-100.
ECO-454 International Economics3 Hours
- A study of international trade, the international monetary system, and international trade agreements as a means of broadening an understanding of the American economic system within the context of the world economy. Prerequisite: ECO-211 or ECO-213.
ECO-483 Economics Practicum1-4 Hours
- An opportunity for advanced Economics majors to obtain valuable work experience and gain expertise in relating classroom material to actual business endeavor. A professional-quality paper analyzing one or more business applications will be prepared under departmental faculty supervision. May be repeated. Prerequisites: ECO-212, ECO-213 and consent of the Division.
ECO-498 Economics Seminar - Research2 Hours
- A seminar course intended to develop the senior Economics major's research skills and professional writing skills in anticipation of a major seminar presentation to be delivered publicly the following semester. Prerequisite: Senior status and ECO/POL-322.
ECO-499 Economics Seminar - Presentation1 Hours
- A seminar course intended to develop the senior Economics major's professional presentation skills with the preparation and oral presentation of the results of the research in ECO-498 from the previous semester. Prerequisites: Senior status and ECO-498 .

* Students choose between either ACC-202, MAT-112, or the equivalent, and also choose 12 credit hours of Economics electives. Ten credit hours of electives/overlap from second major also required.
** Students choose between either ACC-202, MAT-112, or the equivalent, and also choose 12 credit hours of Economics electives.
*** ECO-322, ECO-498, and ECO-499 are required for students taking Economics as their first major.

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Courses

Preview your classes

4-year Bachelor's Degree*

2-year Minor**

Electives***