| 2022-2023 Course Catalog
Economics (BA)
Learning Outcomes
Graduates of bachelor’s–level programs in business will be able to demonstrate that they possess academic skills, professional attributes and broad-based and in-depth knowledge of business concepts and functions.
Graduates of bachelor’s–level programs in business will be able to:
- Apply concepts within the core areas of business
- Apply knowledge of ethical, legal, economic, and global environment to practical business situations and ascertain their impact
- Apply decision-support tools & technology to make and defend business decisions
- Demonstrate communication skills appropriate for business settings
- Contribute to a team environment to achieve a planned goal
- Analyze the role of motivation and influence in achieving a coordinated goal
In-depth Knowledge for specific majors
Economics graduates of bachelor’s level programs will be able to:
- Conduct analyses of macroeconomic issue(s) based on both macroeconomic and microeconomic models and theories
- Analyze the impacts of government policies in terms of market efficiency, economic growth, price stability, and financial stability
- Demonstrate written communication skills to be used for economic issue and policy analysis
Curriculum
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+Core Requirements
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Core Major Requirements for Accounting, Economics, International Business, Management, Management Information Systems, and Marketing:
ACT222 Financial Accounting Principles I This course represents an introduction to accounting principles including the accounting process, double-entry bookkeeping, adjusting entries, and the preparation of financial statements. The objectives of this course are to make students aware of the importance of accounting information in every type of organization (private business, not-for-profit, and governmental).
3 ACT223 Managerial Accounting Principles This course represents an introduction to managerial accounting concepts, including cost allocation and measurement, cost/volume profit analysis, budgeting, variance analysis, job and process costing, and capital budgeting.
Pre-requisites Complete the following course: - ACT222 Financial Accounting Principles I
3 BUS105 Foundations of Business This course introduces the theory and practice of business and fosters analytical thinking. Students build a foundation for learning by gaining an understanding of business organizations, their structure and functions, the increasingly dynamic and complex global setting in which they compete, and the fundamentals of sustainable business practices.
3 BUS110 Business Statistics This course introduces essential research tools in business. Topics include descriptive statistics of central tendency and variability and hypotheses testing statistical analysis using correlation, analysis of variance, and regression. Problems use applications from business cases, marketing research, and economic policy.
Pre-requisites Complete the following course: - BUS105 Foundations of Business
3 BUS171 Information Systems and Operations This course explores basic concepts of communication networks (e.g., the Internet), hardware, software, databases, and systems. Students apply information systems to decision making, communication, collaboration and coordination in the operations of contemporary organizations. Students gain skills in word processing, presentation software, data visualization, spreadsheets, and relational databases.
3 BUS230W Organizational Behavior Organizational behavior is a field of study that seeks to understand, explain, and improve human behavior in organizations. Most organizations focus their efforts on improving job performance and organizational commitment. The purpose of this course is to provide a theoretical foundation and realistic understanding of how human behavior influences the effectiveness of the modern corporation.
Pre-requisites Complete the following course: - BUS105 Foundations of Business
3 BUS243 Principles of Marketing This course introduces students to the basic concepts of marketing strategy and management. Basic marketing concepts such as strategic segmentation, targeting, positioning, product design, pricing, promotions and distribution are covered. Environmental sustainability is analyzed from the consumer perspective.
3 BUS257 Business Law and Business Ethics This course introduces students to the introductory concepts of business law including employment law, social and environmental responsibility of corporations, and international business law. It also emphasizes frameworks for conducting ethical analysis and the analysis of ethical dilemmas.
3 BUS272 Principles of Finance This course enables students to apply fundamental ideas of financial economics to problems in corporate finance. Participants will gain an overview of valuation principles, learn basic principles of corporate finance from the perspective of a financial manager, and through case studies, analyze important financial decisions made within firms.
Pre-requisites Complete the following course: - ACT222 Financial Accounting Principles I
3 BUS310W Business Resarch and Analytics This course introduces traditional business research methods and business analytics as two sets of tools underlying data-driven business decision making. Students will practice analyzing data, reporting results, interpreting findings, and developing actionable recommendations.
Pre-requisites Complete any 1 of the following courses: - BUS110 Business Statistics
- MTH110 Elementary Statistics
- PSY213 Statistics and Research Design
3 BUS357 Strategy and Entrepreneurial Ventures This course illustrates the strategic management framework by taking students through the entrepreneurial process from start-up growth while exploring the personal and professional challenges. The student examines key issues in opportunity recognition, financing models, strategic choices, and sources of competitive advantage at different stages of the firm's development.
3 ECN101 Principles of Macroeconomics The concepts of national income and output are analyzed, and emphasis is placed on factors that influence the levels of economic activity, unemployment, and inflation, including fiscal and monetary policy and the role of international economics.
3 ECN102 Principles of Microeconomics Microeconomics is the study of how households and firms make decisions and how they interact in specific markets. Students are introduced to the basic concepts and tools that economists use to understand how the economy works. This course is designed to increase economic literacy through acquiring core knowledge about economics.
3 INTBUS303 Internship - Business The Chatham University Internship program provides students with the opportunity to acquire hands-on work experience in a professional setting. The student gains metacognitive insights, deep learning, and practical skills by reflecting on the internship experience under the supervision of an academic advisor.
3 ECN490 Integrative Capstone The integrative capstone, undertaken by the student during the senior year, is an extended project that helps the student complete their transition from an undergraduate student to a world-ready professional. The study usually centers on the student's major and may be conducted, at least in part, in the context of a group experience. Such programs are crafted to meet the unique needs of each major, and could include, for example, fieldwork, theater production, creative work in the arts, independent research, or independent readings. The integrative capstone in an interdisciplinary major must have the approval of both academic programs.
Pre-requisites Complete any 1 of the following courses: - BUS310W Business Analytics: Research Methods
- BUS312W Marketing Research
3 -
+Economics Major
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5 courses
2 required courses: ECN330 Global Financial System and the Macro Economy Combines material on economic analysis of the macro economy with a review of the global financial system. Develops analytical models on how to attain economic growth, price stability, and full employment. Covers the financial system, financial crises, and monetary policy. Emphasizes both analytical models and real world policy applications.
Pre-requisites Complete all 2 of the following courses: - ECN101 Principles of Macroeconomics
- ECN102 Principles of Microeconomics
3 ECN331 Managerial Economics This course covers the application of intermediate microeconomic analysis to business decision making. It is designed to bridge economic theory and economic practice. Topics include consumer theory, production analysis, pricing strategy, and risk analysis.
Pre-requisites Complete the following course: - ECN102 Principles of Microeconomics
3 3 courses from the following: ECN262 Global Environmental Economics This course examines the economic perspectives and tools for analyzing environmental problems and evaluating policy solutions. The course covers both conceptual topics and real-world applications. Course discussions reflect the global nature of environmental problems and solutions. Cross-listed as ENV 262. This course fulfills an environmental general education mission course requirement.
Pre-requisites Complete the following course: - ECN102 Principles of Microeconomics
3 ECN351 International Trade and Finance An introduction to international trade and finance, and an examination of the structure of international trade and the functioning of the international monetary system. Attention is given to recent issues in these areas and the relationship between the domestic and international economies.
Pre-requisites Complete any 1 of the following courses: - ECN102 Principles of Microeconomics
- ECN101 Principles of Macroeconomics
3 ECN355 Economic Analysis of Public Policy This course focuses on evaluating the rationale for government intervention in the economy and evaluating the efficiency, incentive, and distributional effects of government policies. Policies' impacts on issues such as how best to protect intellectual property, improve airline safety or control illegal immigration are also analyzed.
Pre-requisites Complete the following course: - ECN102 Principles of Microeconomics
3 ECN358W Economic Development An examination of the factors accounting for economic growth and development of modern economically developed nations and less-developed areas. A review of the problems encountered in initiating and sustaining the process of economic development. Major policy issues are discussed. This course fulfills a global general education mission course requirement.
Pre-requisites Complete any 1 of the following courses: - ECN102 Principles of Microeconomics
- ECN101 Principles of Macroeconomics
3 -
+Intradisciplinary Major in Two Business Disciplines
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Students who wish to do an Intradisciplinary major in two business concentrations must complete the Business Core Major Requirements, plus the following courses:
ECN330 Global Financial System and the Macro Economy Combines material on economic analysis of the macro economy with a review of the global financial system. Develops analytical models on how to attain economic growth, price stability, and full employment. Covers the financial system, financial crises, and monetary policy. Emphasizes both analytical models and real world policy applications.
Pre-requisites Complete all 2 of the following courses: - ECN101 Principles of Macroeconomics
- ECN102 Principles of Microeconomics
3 ECN331 Managerial Economics This course covers the application of intermediate microeconomic analysis to business decision making. It is designed to bridge economic theory and economic practice. Topics include consumer theory, production analysis, pricing strategy, and risk analysis.
Pre-requisites Complete the following course: - ECN102 Principles of Microeconomics
3 2 Approved Economics major electives -
+Interdisciplinary Major in Economics
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Students who wish to do an interdisciplinary major in a business area (Accounting, Economics, International Business, Management, or Marketing) and a non-business discipline will complete the following courses (10 courses, exclusive of Integrative Capstone):
ACT222 Financial Accounting Principles I This course represents an introduction to accounting principles including the accounting process, double-entry bookkeeping, adjusting entries, and the preparation of financial statements. The objectives of this course are to make students aware of the importance of accounting information in every type of organization (private business, not-for-profit, and governmental).
3 BUS105 Foundations of Business This course introduces the theory and practice of business and fosters analytical thinking. Students build a foundation for learning by gaining an understanding of business organizations, their structure and functions, the increasingly dynamic and complex global setting in which they compete, and the fundamentals of sustainable business practices.
3 BUS110 Business Statistics This course introduces essential research tools in business. Topics include descriptive statistics of central tendency and variability and hypotheses testing statistical analysis using correlation, analysis of variance, and regression. Problems use applications from business cases, marketing research, and economic policy.
Pre-requisites Complete the following course: - BUS105 Foundations of Business
3 -------------------- BUS310W Business Resarch and Analytics This course introduces traditional business research methods and business analytics as two sets of tools underlying data-driven business decision making. Students will practice analyzing data, reporting results, interpreting findings, and developing actionable recommendations.
Pre-requisites Complete any 1 of the following courses: - BUS110 Business Statistics
- MTH110 Elementary Statistics
- PSY213 Statistics and Research Design
3 OR Prerequisite course for Capstone (xxx490) in the other discipline -------------------- ECN101 Principles of Macroeconomics The concepts of national income and output are analyzed, and emphasis is placed on factors that influence the levels of economic activity, unemployment, and inflation, including fiscal and monetary policy and the role of international economics.
3 ECN102 Principles of Microeconomics Microeconomics is the study of how households and firms make decisions and how they interact in specific markets. Students are introduced to the basic concepts and tools that economists use to understand how the economy works. This course is designed to increase economic literacy through acquiring core knowledge about economics.
3 ECN330 Global Financial System and the Macro Economy Combines material on economic analysis of the macro economy with a review of the global financial system. Develops analytical models on how to attain economic growth, price stability, and full employment. Covers the financial system, financial crises, and monetary policy. Emphasizes both analytical models and real world policy applications.
Pre-requisites Complete all 2 of the following courses: - ECN101 Principles of Macroeconomics
- ECN102 Principles of Microeconomics
3 ECN331 Managerial Economics This course covers the application of intermediate microeconomic analysis to business decision making. It is designed to bridge economic theory and economic practice. Topics include consumer theory, production analysis, pricing strategy, and risk analysis.
Pre-requisites Complete the following course: - ECN102 Principles of Microeconomics
3 2 upper-level Economics electives ECN262 Global Environmental Economics This course examines the economic perspectives and tools for analyzing environmental problems and evaluating policy solutions. The course covers both conceptual topics and real-world applications. Course discussions reflect the global nature of environmental problems and solutions. Cross-listed as ENV 262. This course fulfills an environmental general education mission course requirement.
Pre-requisites Complete the following course: - ECN102 Principles of Microeconomics
3 ECN351 International Trade and Finance An introduction to international trade and finance, and an examination of the structure of international trade and the functioning of the international monetary system. Attention is given to recent issues in these areas and the relationship between the domestic and international economies.
Pre-requisites Complete any 1 of the following courses: - ECN102 Principles of Microeconomics
- ECN101 Principles of Macroeconomics
3 ECN355 Economic Analysis of Public Policy This course focuses on evaluating the rationale for government intervention in the economy and evaluating the efficiency, incentive, and distributional effects of government policies. Policies' impacts on issues such as how best to protect intellectual property, improve airline safety or control illegal immigration are also analyzed.
Pre-requisites Complete the following course: - ECN102 Principles of Microeconomics
3 ECN358W Economic Development An examination of the factors accounting for economic growth and development of modern economically developed nations and less-developed areas. A review of the problems encountered in initiating and sustaining the process of economic development. Major policy issues are discussed. This course fulfills a global general education mission course requirement.
Pre-requisites Complete any 1 of the following courses: - ECN102 Principles of Microeconomics
- ECN101 Principles of Macroeconomics
3 -
+Minor Requirements
-
6 courses, including:
ECN101 Principles of Macroeconomics The concepts of national income and output are analyzed, and emphasis is placed on factors that influence the levels of economic activity, unemployment, and inflation, including fiscal and monetary policy and the role of international economics.
3 ECN102 Principles of Microeconomics Microeconomics is the study of how households and firms make decisions and how they interact in specific markets. Students are introduced to the basic concepts and tools that economists use to understand how the economy works. This course is designed to increase economic literacy through acquiring core knowledge about economics.
3 4 Approved upper-level Economics electives: ECN330 Global Financial System and the Macro Economy Combines material on economic analysis of the macro economy with a review of the global financial system. Develops analytical models on how to attain economic growth, price stability, and full employment. Covers the financial system, financial crises, and monetary policy. Emphasizes both analytical models and real world policy applications.
Pre-requisites Complete all 2 of the following courses: - ECN101 Principles of Macroeconomics
- ECN102 Principles of Microeconomics
3 ECN331 Managerial Economics This course covers the application of intermediate microeconomic analysis to business decision making. It is designed to bridge economic theory and economic practice. Topics include consumer theory, production analysis, pricing strategy, and risk analysis.
Pre-requisites Complete the following course: - ECN102 Principles of Microeconomics
3 ECN262 Global Environmental Economics This course examines the economic perspectives and tools for analyzing environmental problems and evaluating policy solutions. The course covers both conceptual topics and real-world applications. Course discussions reflect the global nature of environmental problems and solutions. Cross-listed as ENV 262. This course fulfills an environmental general education mission course requirement.
Pre-requisites Complete the following course: - ECN102 Principles of Microeconomics
3 ECN351 International Trade and Finance An introduction to international trade and finance, and an examination of the structure of international trade and the functioning of the international monetary system. Attention is given to recent issues in these areas and the relationship between the domestic and international economies.
Pre-requisites Complete any 1 of the following courses: - ECN102 Principles of Microeconomics
- ECN101 Principles of Macroeconomics
3 ECN355 Economic Analysis of Public Policy This course focuses on evaluating the rationale for government intervention in the economy and evaluating the efficiency, incentive, and distributional effects of government policies. Policies' impacts on issues such as how best to protect intellectual property, improve airline safety or control illegal immigration are also analyzed.
Pre-requisites Complete the following course: - ECN102 Principles of Microeconomics
3 ECN358W Economic Development An examination of the factors accounting for economic growth and development of modern economically developed nations and less-developed areas. A review of the problems encountered in initiating and sustaining the process of economic development. Major policy issues are discussed. This course fulfills a global general education mission course requirement.
Pre-requisites Complete any 1 of the following courses: - ECN102 Principles of Microeconomics
- ECN101 Principles of Macroeconomics
3
