UNIVERSITY OF ALABAMA - ECONOMICS (EC)
ECONOMICS (EC)
In addition to completing the specific prerequisites included in the descriptions of the following courses, all students seeking to enroll in 300- or 400-level courses in the Culverhouse College of Commerce and Business Administration must have attained junior standing (61 semester hours). A student enrolled in the College of Arts and Sciences who has declared a major or minor in economics may enroll in EC 308 and/or EC 309 prior to earning 61 hours.
All C&BA students must, prior to seeking to enroll in any 300- or 400-level C&BA course, complete or be enrolled in the following prerequisites: EC 110 and EC 111; MATH 112 and MATH 121, or MATH 115 and MATH 125; CS 102; AC 210; ST 260; and LGS 200 (or their equivalents); and at least 4 hours in natural science, 3 hours of fine arts, literature, or humanities, and 3 hours of history or social and behavioral sciences. Failure to fulfill all prerequisites prior to enrolling in a 300- or 400-level C&BA course will result in administrative disenrollment from that course.
EC 110 and EC 111 or their equivalents are prerequisites for all economics courses numbered 300 or higher.
A grade of “C-” or higher is required in EC 308 and EC 309 for all classes for which they serve as prerequisites.
Intermediate micro- and macroeconomic theory (EC 308 and EC 309 or their equivalents) are prerequisites for all graduate coursework in economics except MBA-designated courses.
EC 110 Principles of Microeconomics. 3 hours.
Introduction to microeconomic analysis concentrating on consumer and producer behavior, competitive and imperfect MARKETS, public policy and regulation, and income distribution.
EC 111 Principles of Macroeconomics. 3 hours.
Introduction to macroeconomic analysis concentrating on national income, price levels, employment, monetary and fiscal policies, and international trade and development.
EC 210 Microeconomic Policy Analysis. 3 hours.
This course uses economic analysis to examine a range of public policy issues.
EC 211 Macroeconomic Policy Analysis. 3 hours.
Building on the macroeconomics background of EC 111, students will consider current national and international economic problems and issues.
EC 308 Intermediate Microeconomics. 3 hours.
Examination of the theory of price and the theory of resource allocation. Topics include demand theory, production and cost functions, pricing and output under competitive and noncompetitive conditions, resource MARKETS, and rudiments of general equilibrium analysis.
EC 309 Intermediate Macroeconomics. 3 hours.
A study of the theoretical framework underlying income, employment, and growth analysis.
EC 389 Computerized Management Information Systems (also FI 389). 3 hours.
Introduction to the components of computerized management information systems and applications of computer-based systems to business decisions. Students may not receive credit for EC 389 and FI 389.