This course is about how to assess a concept or product in the framework of a business opportunity. This includes assessing whether an idea has market appeal (product/market fit), figuring out a business model, determining the market potential and understanding the key elements of a successful venture.
3 hr./wk.
Theory and practice of the modern organization, its historic development, and its role in our modern society. The course takes a functional approach, first introducing the role of a manager and the modern managerial environment, then exploring planning, organizing, leading, and control. Particular attention is given to developing the skills necessary to manage, lead, and compete in today's world.
3 hr./wk.
This introductory course develops the basic tools and methods of microeconomic analysis. The choices of individual decision makers are analyzed in studying how markets operate. The fundamentals of supply and demand, consumer and firm behavior, and market interactions are examined. Applications to current microeconomic issues are discussed in the course, for example, the role of government in markets.
3 hr./wk.
Price determination in markets and the behavior of consumers and firms. Factors influencing aggregate output, employment and the price level. Role of government and monetary authorities in the economy. Inte
3 hours
This introductory course develops the basic tools and methods of macroeconomic analysis. Issues of employment and unemployment, inflation, the level of output and its growth, and other important current policy problems are examined within the framework of models that economists use. The main area of current applications will be the United States economy, but attention will also be given to international economic issues.
3 hr./wk.
For students enrolled in the School of Engineering. An integrated intensive treatment of micro- and macroeconomics. Modern analytical approach employed to treat topics including theory of consumer demand, theory of firm, market structure, inflation, unemployment, and economic growth. Special emphasis on managerial economics and empirical methods by which economists test hypotheses and estimate parameters. Replaces ECO 10250 and ECO 10350.
3 hr./wk.
Includes individual components of entrepreneurship and its implications for society. Special emphasis is placed on decision-making and problem solving in society through an understanding of opportunity recognition, economic/financial models, value creation, and basic entrepreneur-related concepts.
3 hr./wk.
3 hr./wk.
This course will develop the ability to innovate, think strategically, and gain a competitive advantage for your organization through our intensive business strategy programs. Students will deep analyze business theories and strategic tools through hands-on exercises, interactive lectures, and dynamic discussions.
3 hr./wk.
Introduction to statistical methods and reasoning. Nature and scope of statistical inquiries, collection, and presentation of data. Descriptive methods, with particular reference to frequency distribution, regression and correlation, index numbers and time series analysis. Elements of probability, sampling methods, sampling error, and principles of estimation and testing. Credit given for only one of the following courses: SSC 31000, ECO 20150, PSY 21500, SOC 23100, MATH 20900.
ECO 10150, ECO 10250, ECO 10350, and MATH 20100 or MATH 20500.
4 hr./wk.
Forces determining product and factor prices and quantities under alternative market structures. Consumer demand, production, and cost; firm and industry.
3 hr./wk.
Factors determining income, employment, price levels, and interest rates. Emphasis placed on policy problems.
3 hr./wk.
Introduction to accounting cycle, fundamental concepts and techniques of accounting for business transactions and preparation of financial statements.
4 hr./wk.
What makes consumers tick? We study the main factors, both external and internal to the consumer, that determine consumer behavior and decision-making in the marketplace. We also examine how to research and assess the consumer behaviors that are at work in a given situation. The essential focus of the course is on implications for marketing strategy development, but ethical/regulatory considerations are also discussed.
3 hours
Distribution and sale of goods and services from production to final consumption. Includes changing behavior of consumers and relationship to producers' selling behavior; and the economics of merchandising, including product life cycle, location theory, and optimal sales effort.
3 hr./wk.
Causes, dimensions, consequences, and evolution of our current interdependent world economy. Examines the institutional background of the world financial order, international income comparisons, foreign exchange, balance of payments, the multinational enterprise, international trade, and international investment.
3hr./wk.
Basic principles of law of business contracts and their applications to business transactions.
3 hr./wk.
The Financial Analysis & Decision Making course aims to provide students with a set of accounting and financial tools that enables them to interpret and critique financial information from a variety of sources and to make informed and effective financial decisions that directly impact company operations.
3 hr./wk.
Use of management science for the efficient administration of economic units, including applications to production, financial, and marketing operations. Attention given to the formulation of models to analyze management problems.
3 hr./wk.
Forces determining product and factor prices and quantities under alternative market structures. Consumer demand, production, and cost; firm and industry.
3 hours
Factor markets; introduction to general equilibrium theory, capital theory, and welfare economics.
3 hours
Economic principles underlying operations of modern business corporations and regulatory controls pertaining thereto. Procurement of capital and conservation of capital resources. Problems of capitalization.
3 hr./wk.
Security analysis with emphasis upon meaning, measurements and relationship of risk. Portfolio analysis, alternative approaches to valuation, determination of asset values in open market, internal and external rates of return, objectives of investment decision.
3 hr./wk.
Theoretical analysis of economic growth, fluctuations and technological change. Emphasis placed on policy implications, with particular reference to developed economies.
3 hours
How the science of economics helps to understand and moderate human effects on the environment; how people make choices when their unlimited wants meet scarce resources particularly public goods; how to ensure that the finite resources of the globe are sustainable. Students will integrate theory with public policy in analyzing proposed solutions in areas such as pollution regulation, emissions cap-and-trade, and tradable permits. Students will evaluate particular theories about the effectiveness of such strategies against empirical findings documented in studies from a variety of disciplines not limited to economics.
3 hr./wk.
Overview of the physical processes of extraction of selected commodities such as gold and other metals, fuels such as coal and petroleum, water, food. The markets for these commodities, the institutions that shape these markets, and the economic forces impelling valuation changes. Review of global climate change, evaluation of economic forces, the spectrum of government policies, and the implications for commodities.
EAS "Energy, Commodities, & the Environment".
2 hr./wk.
Traces the important developments that have led to our current economic world. Commercial and Industrial Revolutions, the spread of trade correlation with imperialism. Economic causes and effects of the Great Depression as well as wars. Patterns of trade and development in post-war period. Origins of current economic issues; how current institutions and business practices first arose.
3 hr./wk.
Examines relationship of economic principles to law and the use of economic analysis to study legal problems, to understand the behavioral consequences of legal rules as well as how legal rules can meet social goals of efficiency. Topics include civil and criminal law, contracts and property, antitrust rules, intellectual property, and dispute resolutions.
3 hr./wk.
Study of appropriate social controls where competition is lacking; role of government in direct regulation of price and output, and related matters.
3 hours
Taxes and debts of federal, state and local government; budgets and intergovernmental fiscal relationships; the economic implications of their financial activities.
3 hours
Introduction to public expenditure theory (cost-benefit analysis); political and economic approaches to government decision making.
3 hours
Introduction to statistical methods and reasoning. Nature and scope of statistical inquiries, collection, and presentation of data. Descriptive methods, with particular reference to frequency distribution, regression and correlation, index numbers and time series analysis. Elements of probability, sampling methods, sampling error, and principles of estimation and testing.
4 hours
Fundamentals of finance and management for small businesses and start-ups including valuation concepts and metrics, contemporary market for venture financing, options for exit.
3 hr./wk
The student will pursue a program under the direction of a member of the Department with approval of the Chair.
Credit may be from 1-4 credits, determined before registration, by the instructor with the approval of the Department Chair.
This experiential course attempts to bridge the theory-practice gap, addressing both time-honored principles of effective management and the latest research in the area. Students are introduced to surveys, exercises, and simulations that help them analyze and evaluate their existing managerial skills. A variety of conceptual tools help students develop and refine these skills.
3 hr./wk.
3 hours
Critical assessment and evaluation of human resources management (HRM) policies and practices. Emphasized skills include: understanding performance appraisal forms; conducting basic job analysis and applying understanding of job requirements to other HRM systems such as selection and compensation; related applications of theories on managing people in organizations. Personnel functions in larger organizations; attitudes toward work; role of government, public interest groups and unions in determining job environment. Development of manpower and management resources; planning manpower needs, management of compensation programs.
3 hr./wk.
Investigation of production systems. Application of analytical techniques to product and process design, optimal plant location, efficient plant design. Planning for production. Systems of inventory and quality control.
3 hr./wk.
Basic principles of law governing the formation, operations and dissolution of proprietorships, partnerships and corporations.
3 hr./wk.
This course is focused on providing a background in marketing research not just to those planning to pursue careers as researchers, but to anyone who might commission, manage, or use marketing research as a part of his/her career. Students will gain an understanding of the critical aspects of executing a marketing project, including research design, data acquisition, and data analysis. They will become familiar with both quantitative and qualitative marketing research techniques. They will gain proficiency in marketing data analysis through hands-on work on a data project.
3 hr./wk.
Explores the impact of individual actions, group behavior, and structures in the operation of organizations. Its focus is the application of such knowledge to the better functioning of all types of collective activity. Among the primary themes considered in this course are leadership, improving motivation and productivity, culture, reducing undesirable worker behaviors, ethics, the effect of personality and emotion in the workplace, and job satisfaction.
3 hours
Introduces students to non-profit and corporate value-creative business models working to address global climate change and poverty. Students will be exposed to theoretical knowledge as well as the various finance, strategic planning and research methods currently used in environmental revitalization and economic development projects world-wide. Includes a service- learning component where students provide consultancy on a real-world green urban renewal project for New York-based social value creating ventures.
3 hours
3 hours
Leadership in an organizational context. This course serves to encourage students to carefully analyze their responsibilities and commitments in the context of leadership for the common good and for purposeful change. Includes the study of leadership as well as the application of leadership theories, concepts, and skills.
3 hr./wk.
Macroeconomic theory and policy in open economy. Issues associated with balance of payments disequilibrium, fluctuating currency values, international factor flows and international capital mobility. Extensions of Keynesian model; monetary and fiscal policy for internal and external balance, macro policy coordination.
3 hr./wk.
Organization and operation of U.S. financial system, both public and private; money and capital markets, commercial banking policy; relationship between financial and economic activity, including monetary and fiscal policy.
3 hr./wk.
Emphasis on the use of accounting data and analysis of management decisions.
4 hr./wk.
In this course the student will master the ability to analyze and visualize data in meaningful ways using Python to help solve complex business problems. The students will have the opportunity to analyze real-world datasets to identify patterns and relationships in data; will gain experience using both built-in and custom-built data types to create expressive and computationally robust data science projects.
3 hr./wk.
To introduce students to the fundamentals of econometric models and techniques. Course includes critical evaluation of economic modeling objectives; econometric methods; examples of empirical economic research and exercises in applied econometrics. Emphasizes applications to economics, finance and business.
4 hr./wk.
Factor markets; introduction to general equilibrium theory, capital theory, and welfare economics.
3 hr./wk.
Theoretical analysis of economic growth as well as convergence/divergence, globalization, and macro dynamics. Emphasis on intertemporaral maximization problems such as overlapping generations and general-equilibrium growth theories.
3 hr./wk.
Development; trade doctrines; gains from trade; theory and practice of protection; balance of payments, capital exports, and theory of transfer; interrelations between domestic economies and international economy.
3 hr./wk.
Economic origins of cities and suburbs; effects of technological change on industrial structure and urban land use patterns; economics of urban transportation, housing, public utilities, and municipal services; roles of government and private enterprise.
3 hr./wk.
Taxes and debts of federal, state and local government; budgets and intergovernmental fiscal relationships; the economic implications of their financial activities.
3 hr./wk.
The main objective of this course is to introduce the students to major theories, methods and policy issues in the field of urban transportation economics. These include demand analysis and forecasting, cost structure of transport firms, pricing and regulation, competition and market structure, public transit analysis, network economics, externalities and congestion pricing, transportation investment analysis and joint transportation and land-use modeling. Emphasis is on the use of analytical techniques for the analysis of real-world urban transportation problems and policy-making.
3 hours
Examines the role of government in private economies including public goods and externalities; spending and taxation at national, state, and local levels; analysis of current government policies.
3 hr./wk.
This course explores new assumptions being introduced into economics based on psychological and sociological research - including bounded rationality, altruism, and changing preferences. These assumptions allow economists to better explain how real people actually behave when they make real-life economic decisions.
class='sc-courselink' href='/en/2022-2023/undergraduate-bulletin/courses/eco-economics-course-descriptions/10000/eco-10150'>ECO 10150, class='sc-courselink' href='/en/2022-2023/undergraduate-bulletin/courses/eco-economics-course-descriptions/10000/eco-10250'>ECO 10250, class='sc-courselink' href='/en/2022-2023/undergraduate-bulletin/courses/eco-economics-course-descriptions/10000/eco-10350'>ECO 10350, class='sc-courselink' href='/en/2022-2023/undergraduate-bulletin/courses/eco-economics-course-descriptions/20000/eco-20150'>ECO 20150, class='sc-courselink' href='/en/2022-2023/undergraduate-bulletin/courses/eco-economics-course-descriptions/20000/eco-20250'>ECO 20250, class='sc-courselink' href='/en/2022-2023/undergraduate-bulletin/courses/eco-economics-course-descriptions/20000/eco-20350'>ECO 20350, class='sc-courselink' href='/en/2022-2023/undergraduate-bulletin/courses/eco-economics-course-descriptions/20000/eco-20450'>ECO 20450, Math 20100 or 20500
3 hr./wk.
This course provides an overall historical context for women as entrepreneurs and recognizes ethnic, racial, religious and socio-economic diversity of women entrepreneurs.
Our definition of who is an entrepreneur continues to change and what skills will be needed to make an impact. In the past entrepreneurs were seen as lone visionaries; today, teams, divisions and large enterprises are striving to be more entrepreneurial.
Connecting theory with practice, we infuse entrepreneurship throughout this curricular while asking how gender difference impacts the experiences of women entrepreneurs versus their male counterparts. Discussions will include raising capital, developing a viable business model and product, strategies to grow a company, leadership skills, startup successes and failures will be studied to glean lessons learned and innovation. This course will explore how women are positioned to create more businesses, jobs and stimulate the economy. The course is to provide participants with the tools, strategies, and confidence needed in order to assess, determine feasibility of, and launch and grow new businesses or reinvigorate existing businesses. This is the place where education and imagination meet, spurring the creation of innovative companies.
ECO 10100 or
ENGR 10100 or Zahn Innovation Center pre-approval
3 hr./wk.
This course provides real world, hands-on learning on starting a high- tech company. Using Lean Launchpad and experiential learning methodologies, students develop and test business models that can be used to chart out road maps for developing tech startups into actual businesses. While the tools provided by this class can be used to develop any high-tech company, this course specifically will focus on application of innovative financial technologies (FinTech), including Block-chain, big data, cryptocurrencies (e.g., bit coins), artificial intelligence and robo-advisors.
6 hr./wk.
This course provides a framework for developing a digital marketing strategy, based on the review of case studies from digital companies, as well as the new digital approaches taken by legacy companies.
3 hr./wk.
This course teaches the principles of investment analysis through the hands-on, real-world learning experience of contributing to a live institutional investment fund, supplemented by a more academic treatment of conceptual areas relevant to investment practice.
3 hr./wk.
Focuses on developing coherent and lasting visions for organizations' future survival and prosperity. Examines decision processes that link on organization's internal capabilities with the external opportunities it faces in the environment. Tools of analysis, planning, and keeping an organization aligned with its environment are introduced.
Impact of the new governmental "social" regulation upon managerial and administrative decision making in private enterprises and public organizations. Legal, ethical and economic aspects of health, safety, environment, consumerism and the like are considered. Attention given to the effects of regulation on costs, innovation, productivity, inflation and economic growth.
3 hours
This course is designed to provide a socially relevant academic experience to help students gain in-depth insights into economic and social value creation across several sectors/areas including poverty alleviation, energy, health, and sustainability. Through case studies, lectures, and classroom dialogue, students will learn to think strategically and act opportunistically with a socially conscious business mindset.
3 hours
Managerial accounting is concerned with providing information to managers for use within the organization. Managerial accounting is a company's internal language, and is used for decision‐ making, production management, product design and pricing, marketing, and for motivating and evaluating employees.
Work in a city agency or a private organization for a year as research aide, gaining some practical applications of economic analysis to urban policy programs. Students work approximately ten hours per week in the placement and attend a seminar on campus. Student is expected to complete two consecutive semesters.
Focuses on developing coherent and lasting visions for organizations' future survival and prosperity. Examines decision processes that link an organization's internal capabilities with the external opportunities it faces in the environment. Tools of analysis, planning, and action related to keeping an organization aligned with its environment are introduced.
3 hr./wk.
Emphasis on the identification and analysis of competencies required to launch new ventures. Topics include: the study of entrepreneurial behavior, characteristics of successful entrepreneurs, scanning for unique ideas, methods and techniques for analyzing the competitive environment, writing a business plan, and understanding the challenges of managing a startup organization through various stages of growth.
3 hr./wk.
Analysis of a business's social, legal, political, and ethical responsibilities to both external and internal groups that have a stake, or interest, in that business. An emphasis is placed on the need to understand that business situations will continually arise that will truly test one's values and ethics. Application of stakeholder and ethical systems to specific business problems.
3 hr./wk.
Critical analysis of the issues facing managers of information technology. The course explores possible information technology management strategies of an organization, and provides conceptual frameworks for the development and evaluation of information technology management strategies. Emphasis on information technology as a process enabler and strategic facilitator in the Internet age.
3 hr./wk.
The course provides coverage of important topics in modern Quantitative Finance and Risk Management at the advanced undergraduate level.
3 hr./wk.
Leading and contemporary developments in financial management, including security analysis, portfolio analysis, capital budgeting, working capital management, and benefit-cost analysis.
3 hr./wk.
Option pricing theory and applications to corporate finance and security valuation. Options on stocks, futures, commodities and currencies. Organization and operation of futures markets. Futures on commodities and fixed income securities. Stock indexes and international securities. Applications of futures for financial management.
3 hr./wk.
Structure of the American economy. Public policy in maintaining competition. Antitrust activities of Justice Department and F.T.C., with special emphasis on leading recent cases.
3 hr./wk.
Rates of growth and stages of development; strategic factors in theory and practice; domestic and international problems of growth, with principal attention to underdeveloped countries.
3 hr./wk.
Survey of labor, utilization, allocation and compensation of labor. Unionism, government regulation, and other factors affecting labor resources.
3 hr./wk.
Decisions on public spending and implementation of public investments are based on myriad considerations, including economic, planning, engineering, social, environmental, legal, institutional and political. In this course we will examine in-depth mainly economic and political-economy factors, relative to their theoretical, analytical, and empirical underpinnings. Real world examples, mainly of transportation projects will be discussed.
3 hr./wk.
Advanced topics such as time series, maximum likelihood, method of moments, semiparametric and nonparametric estimators, panel techniques and data mining.
3 hours
Approval of Chair is required.
Approval of Chair is required.
Entrepreneurship is the driving force of business and continuous value creation. This applied course focuses on the essential skills, strategies, and processes necessary for starting, launching, leading, growing, commercializing, scaling, and harvesting innovative ventures. The course also addresses the fundamentals of corporate venturing. Students explore a wide array of topics germane to the entrepreneurial process including market opportunity identification and evaluation, concept development, product/service development, business process improvement, business model development, leading venture teams, and venture financing.
3 hr/wk.