ECON 3021. PRINCIPLES OF ECONOMICS I. Three credit hours. Three hours of lecture per week.
A study of the scientific method and nature of economics, basic economic problems, and some outstanding aspects of economic systems; analysis of the manner in which demand and supply explain price and optimum output level under different market structures in the product and factor markets.
ECON 3022. PRINCIPLES OF ECONOMICS II. Three credit hours. Three hours of lecture per week.
A study of the methods in calculating gross national product of the economy; analysis of the determination of the level of income, and causes of fluctuation in employment, production, income and prices. The most important aspects of the banking system and monetary policy, public finance and fiscal policy, international trade and economic growth, are analyzed.
ECON 3085. ECONOMIC AND SOCIAL DEVELOPMENT OF PUERTO RICO. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
Analysis of the economic system of Puerto Rico, emphasizing its economic structure, the country's fundamental problems and their possible solutions.
ECON 3091. MICRO-ECONOMIC THEORY. Three credit hours. Three hours of lecture per week. Prerequisite: ECON 3021.
A study of modern micro-economic theory; an analysis of price determination under different market structures.
ECON 3092. MACRO-ECONOMIC THEORY. Three credit hours. Three hours of lecture per week. Prerequisite: ECON 3022.
An analysis of the economic determinants of the level, change and growth of production and employment. Special emphasis is given to modern theories and their policy implications.
ECON 3095. SECURITIES MARKETS. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
Nature and function of operations, and regulation of the securities' markets.
ECON 4006. BUSINESS CYCLES. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
Economic factors that affect fluctuations in income, production, employment, and prices; theories that explain this phenomenon; counter-cyclical policy.
ECON 4007. QUANTITATIVE METHODS IN ECONOMICS. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021, ECON 3022 and ESMA 3101.
Application of the concepts and techniques of quantitative analysis to the field of economics; quantitative aspects of demand-supply analysis, production functions, design of economic models, and other topics.
ECON 4015. ECONOMIC DEVELOPMENT. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
A study of the common characteristics of underdeveloped countries, with emphasis on the economic theories explaining the factors that determine economic development; an examination of economic policies designed to foster development.
ECON 4016. MANAGERIAL ECONOMICS. Three credit hours. Three hours of lecture per week. Prerequisite: ECON 3091.
Economic techniques necessary for directing and operating business enterprises including mathematical programming, marginal economic analysis, capital budgeting, and evaluation of potential investments under conditions of risk.
ECON 4017. INTRODUCTION TO ECONOMETRICS. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3091 and ECON 3092 and MATE 3049 and (MATE 3102 or ESMA 3102).
Statistical techniques in the analysis of economic variables; application of regression and correlation analysis to the design of economic models and estimation procedures.
ECON 4025. MONEY AND BANKING. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
The origin and development of money and banking with emphasis on the functions of the monetary and banking systems, central banking, especially the Federal Reserve System, domestic and international monetary institutions, and the present banking laws in Puerto Rico.
ECON 4027. TRANSPORTATION ECONOMICS. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
Analysis of the economic structure of the transportation system and its significance in competition, monopoly, and economic organization.
ECON 4028. ECONOMICS OF NATURAL RESOURCES. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
Application of economic theory to the utilization of natural resources particularly with respect to their scarcity and optimal use over time, to intertemporal resource allocation, conservation, and economic growth.
ECON 4045. COMPARATIVE ECONOMICS SYSTEMS. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
A comparative study of the different economic systems such as capitalism, socialism, communism and fascism. Emphasis is placed on the different methods used by each system to solve the fundamental economic problems.
ECON 4046. INPUT-OUTPUT ANALYSIS. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021, ECON 3022 and MATE 3000.
Theoretical foundations, methods, techniques, and applications of economic analysis using the Input-Output model.
ECON 4055. HISTORY OF ECONOMIC THOUGHT. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
The course studies the beginning and growth of Economics as a scientific study, and shows the relationship between economic beliefs, historical circumstances and the life of the thinker. The differewnt economic schools of thought, up to and including the more recent economic ideas are considered.
ECON 4056. ENVIRONMENTAL ECONOMICS. Three credit hours. Three hours of lecture per week. Prerequisite: ECON 3021.
Economic theory applied to environmental problems. The effects of air and water pollution; the role of government in environmental deterioration; the impact of economic and population growth on environmental quality.
ECON 4065. PUBLIC FINANCE. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
A study of the expenditures and incomes of the public sector and their effect on economy, including an economic analysis of the budget, tax system, public debt and activities related to the State.
ECON 4085. INTERNATIONAL ECONOMICS. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
A study of the fundamental aspects of international economic theory; an examination of the current international economic framework and tendency towards economic integration; and a brief analysis of the international monetary system.
ECON 4185. ECONOMIC PROBLEMS OF LATIN AMERICA. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 4015.
Economic problems of Latin America; critical evaluation of the institutions and economic factors that retard or foster their solution; the role of the State in promoting economic development.
ECON 4196. ECONOMICS OF INDUSTRIAL ORGANIZATION. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
Conduct, performance and use of price theory in the determination of industrial structure. Economic aspects of market structure, mergers and innovations, models of economic behavior, and the role of advertising.
ECON 4225. LABOR ECONOMICS. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3021 and ECON 3022.
A study of the historical development of the labor movement. Emphasis is given to the relation between trade unions and the firm, and an examination of their economic functions, their effects on economic stability and growth, and the role of the government with regard to management- union relations.
ECON 4307. PROJECT EVALUATION. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3022 and ECON 3091.
Evaluation of public investment projects emphasizing cost-benefit analysis and its application.
ECON 4395. RESEARCH METHODS IN ECONOMICS. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3091 and ECON 3092 and (MATE 3102 or ESMA 3102).
Examination of the major economic problems and methods of studying them; application of statistical techniques to the field of economics. Each student is required to prepare an independent research project.
ECON 4405. ANALYSIS OF CONTEMPORARY ECONOMIC PROBLEMS. Three credit hours. Three hours of lecture per week. Prerequisites: ECON 3091 and ECON 3092 and (MATE 3102 or ESMA 3102).
A study of the fundamental economic problems of our time, such as production, employment, trade, consumption, inflation, and others.
ECON 4425. SPECIAL TOPICS IN ECONOMICS. One to three credit hours. Prerequisite: Consent of the Director of the Department.
Research on a special problem in the area of economics. This course is open only to outstanding students in Economics.
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