Eric Elder Professor of Business and Economics; Department Chair


Ph.D., Washington State University
B.A., University of Washington

VPH 300 F

An economist who also teaches business and finance courses, Dr. Elder served as Northwestern’s interim vice president for academic affairs from 2003 to 2005. He has published articles in professional journals such as the Journal of Biblical Integration in Business and the Western Journal of Agricultural Economics. A licensed CPA, he worked for five years as an accountant. His doctorate is in agricultural economics.

ECO101 - Survey of Economics

This is an introductory course in economics which will cover both microeconomics and macroeconomics topics. The course will explore economic institutions, how they came to be, how they have changed over time, and how the government modifies them.(4 credits)

ECO214 - Principles of Macroeconomics

Macroeconomics concerns itself with economic aggregates such as inflation, unemployment, recessions, national debt, and international trades. Macroeconomic models will be introduced. These models will be used to understand the application of monetary and fiscal policy. Prerequisite: ECO213. (4 credits)

ECO301 - Money and Banking

This course is designed to increase understanding of how banks and the banking system fit into the entire economic system. The functions of money, the federal reserve system, monetary theory, inflation and the international financial system will be taught. Prerequisites: ECO213 and 214. (4 credits)

ECO302 - Labor Economics

This course will look at labor productivity, determination of wages, demand for labor, labor migration, unions, government in the market place, discrimination and unemployment. Prerequisites: ECO213 and 214. (4 credits; alternate years, consult department)

ECO305 - Current Economic Problems

This is an upper-level discussion course designed to require students to apply economic principles and policies to issues confronting economists in business and government. Both micro and macro concepts are explored. Controversial issues to be confronted include the extent of government involvement in the economy, energy, employment, inflation, deficits and world trade. Prerequisites: ECO213 and 214. (3 credits; non-yearly, consult department)

ECO314 - Intermediate Macroeconomics

Builds on the concepts of inflation, unemployment and economic growth learned in principles level macroeconomics. Introduces models with which the student will become more proficient in understanding how the economy works. Prerequisite: ECO214 and MAT111 or 112. (4 credits; alternate years, consult department)

ECO333 - International Economics

This course is a study of the theory and practice of international trade, international economic and monetary activity, balance of trade international payment mechanisms, exchange rate systems, functions of the International Monetary Fund, and the World Bank. Prerequisites: ECO213 and 214. (4 credits)

Research Assistant, Department of Agricultural Economics, Washington State University

Assistant Accounting Supervisor, Tacoma (Wash.) School District

Staff Accountant, Metcalf, Tebrich and Co., Bellingham, Wash.

Association of Christian Economists

Teaching Excellence Award, Northwestern College, 1990