2006-2007 UNIVERSITY CATALOGUE

ECON - Economics

100 Economic Analysis of Contemporary Issues
3 crs (3-0).
GE-IIIB
Nature of selected contemporary issues and method of evaluating alternative solutions.

103 Principles of Microeconomics
3 crs (3-0). F, Sp, Su.
P: C or above in MATH 020 or suitable score on MATH
placement test
GE-IIIB
In the context of contemporary economic issues, product and resource markets are analyzed with respect to pricing decisions, efficiency, and equity.

104 Principles of Macroeconomics
3 crs (3-0). F, Sp, Su.
P: C or above in Math 020 or suitable score on MATH
placement test
GE-IIIB
Theory of aggregate income determination in the American economy with consideration of the international economy and other related problems, policies, and institutions.

201 Introduction to Political Economy
3 crs (3-0). F.
GE-IIIB; CD1
No credit if taken after ECON 103 or ECON 104
Application of economic analysis to problems confronted in many social science disciplines. Concentrates on macroeconomic issues. Develops basic microeconomic concepts that serve as the foundation for macroeconomic issues. Includes market structures and cooperatives.

268 Environmental Economics
3 crs (3-0). Sp.
GE-IIIB
An economic analysis of environmental problems and policies in a market economy.

280 Health Economics
3 crs (3-0).
GE-IIIB
Application of economic analysis to problems in the health care sector. Consideration of the supply and demand for health care, hospitals, and health manpower related to structure of the industry and government policy.

303 /503 Intermediate Microeconomic Theory
3 crs (3-0). F, Sp.
P: ECON 103 and 104
Not for GE
Minimum sophomore standing
Application of economic analysis to consumer behavior, production decisions, and resource pricing.

304 Intermediate Macroeconomic Theory
3 crs (3-0). F, Sp.
P: ECON 103 and 104
Not for GE
Minimum sophomore standing
Examination of alternative theories of national income, employment, and the general price level.

308 Essentials of Managerial Economics
3 crs (3-0).
P: ECON 103 and 104; or consent of instructor
Not for GE
Minimum sophomore standing
Application of economic principles to management problem formulation, problem-solving, and decision-making.

311 History of Economic Thought
3 crs (3-0).
P: ECON 103 and 104; or consent of instructor
GE-IIIB
Minimum sophomore standing
Study of the development of economic analysis from the works of the physiocrats to contemporary models.

315 Elements of Mathematical Economics
3 crs (3-0). Sp, odd-numbered years.
P: ECON 303, and MATH 111 or 114
Not for GE
Minimum sophomore standing
Applications of differential calculus and matrix algebra in microeconomic and macroeconomic theory.

316 Econometrics
3 crs (3-0).
P: ECON 103, 104; MATH 246, 345, or 347
Not for GE
Minimum sophomore standing
Application of statistical techniques for the purpose of testing and explaining economic relationships; integration of economic theory with observed economic phenomena. Useful for economic and business forecasting.

318 Business Fluctuations
3 crs (3-0).
P: ECON 104
Not for GE
Minimum sophomore standing
Measuring economic activity; time series analysis; theories of business fluctuations; the experience of the 1930s; forecasting economic activity.

321 Money and Banking
3 crs (3-0). F, Sp, Su.
P: ECON 103 and 104; or consent of instructor
GE-IIIB
Minimum sophomore standing
Analysis of the impact of money and banking on a modern economy. Banking, regulatory and management problems are also studied.

322 /522 Investments
3 crs (3-0). F.
P: ECON 104
Not for GE
Minimum sophomore standing
Relationships between investments and the economy, risks, characteristics of securities, securities markets.

325 /525 Public Finance
3 crs (3-0).
P: ECON 103 and 104
Not for GE
Minimum sophomore standing
Revenues and expenditures of different units of government and public debt.

330 Economics of American Minorities
3 crs (3-0).
GE-IIIB; CD3
Major issues and problems confronting American minorities; possible approaches to deal with such issues; government policy toward such issues.

331 /531 Government and Business
3 crs (3-0).
P: ECON 103 and 104
GE-IIIB
Minimum sophomore standing
Market structures and institutions influencing relations between business and government.

335 /535 Labor Economics
3 crs (3-0).
P: ECON 103 and 104
GE-IIIB
Minimum sophomore standing
Wage theories, the labor market, employment and training policy, the unemployment problem, the economic effect of collective bargaining, the labor movement, and labor law.

337 Women and the Labor Market
3 crs (3-0).
GE-IIIB; CD1
Cross-listed with WMNS 337
Credit may not be earned in both ECON 337 and WMNS 337
Examination of theories of economic discrimination, recent experiences of women in labor markets in various countries, effects of governments and international agencies on earnings and employment, and the future role of women in modern economies.

341 Evolution of Economic Systems
3 crs (3-0).
P: ECON 103 and 104; or consent of instructor
GE-IIIB
Minimum sophomore standing
Describes and compares theories of various economic systems: capitalism, socialism, and variants of capitalism and socialism. Topics include evaluation of systems through case studies and comparison of the social and economic status of women.

351 International Economics
3 crs (3-0).
P: ECON 103 and 104
Not for GE
Minimum sophomore standing
Study of international trade and international monetary theory and policies influencing the industrialized and developing nations.

353 Economics of Pacific Asia
3 crs (3-0). Sp.
P: ECON 103, 104; or consent of instructor
FC; Not for GE
An economic analysis of the successes, problems, and policies of Pacific Asia. Examines the economies of Japan, China, Taiwan, Hong Kong, South Korea, and the Association of Southeast Asian Nations.

355 /555 Economic Development of the Third World
3 crs (3-0).
P: ECON 103 and 104; or consent of instructor
FC; Not for GE
Minimum sophomore standing
Analysis of the process of economic development in the less developed countries.

356 Economic Development of Latin America
3 crs (3-0).
GE-IIIB; FC
Analysis of the process of the economic and social development of Latin America. Topics include: nature of economic development, obstacles to economic development, evaluation of economic policies, and the role of women in economic development.

357 /557 Women and Economic Development
3 crs (3-0). F.
GE-IIIB; FC
Cross-listed with WMNS 357
Credit may not be earned in both ECON 357 and WMNS357.
No credit if taken after WMNS 480 in summer of 2001
Provides economic, institutional, and feminist frameworks for understanding socio-economic realities of women in Asia, Africa, Latin American, and the Middle East. Topics analyzed include changing roles of women in economy and household during the process of economic development.

360 Consumer Economic Issues
3 crs (3-0).
GE-IIIB
Markets studied as mechanism to meet consumer preferences equitably and efficiently and its imperfections identified. Discussions of consumer protection programs, private sector accountability and information sources for effective individual consumer decisions.

371 Current Economic Problems
3 crs (3-0).
P: ECON 304 or consent of instructor
Not for GE
Utilization of economic theory to study current economic problems and solutions to problems.

375 Urban Economics
3 crs (3-0).
P: ECON 103 or consent of instructor
GE-IIIB; CD1
Minimum sophomore standing
An examination of the economic performance of urban economies, including theory, problems and policies. Includes the application of economics to the intricacies of such urban problems as poverty, housing, transportation, pollution and the urban environment.

399 Independent Study - Juniors
1-3 crs.
Not for GE
Minimum junior standing
May be repeated - additional restrictions may apply
Get form from department office

491 Special Topics
1-3 crs.
Not for GE
Topics will vary, depending on interest of students and faculty. Topics may be specific themes or areas of economics.

492 Honors Seminar
3 crs (3-0).
P: ECON 304, minimum 3.20 GPA in ECON courses
Not for GE
Minimum resident and total GPA of 3.35
Course may be taken for a maximum of 6 credits
Admission to Department Honors Program
Individualized study of special topics in economics. Exact topics will differ depending on interests of the students and faculty members.

494 Academic Internship
3 crs (3-0). F, Sp, Su.
P: 12 credits in economics; limited to economics majors
and minors
Not for GE; CP
Credit cannot be earned in both ECON 494 and ECON 498
Get form from department office
Supervised application of classroom-acquired economics skills and knowledge in an academic setting related to the student’s area of interest. To help prepare the student for graduate education.

495 /695 Directed Studies
1-3 crs.
P: ECON 103 or 104; or consent of instructor
Not for GE
May be repeated - additional restrictions may apply
Get form from department office
Course projects will be structured to fit the needs, interests, and goals of the participants.

496 Honors Independent Study
1-3 crs.
P: ECON 304, minimum 3.20 GPA in ECON courses
Not for GE
Minimum resident and total GPA of 3.35
Course may be taken for a maximum of 6 credits
Admission to Department Honors Program
Supervised agenda of reading and research with regular conferences between student and faculty member resulting in a high quality research paper.

498 Professional Internship
3 crs. F, Sp, Su.
P: 12 credits in economics; limited to economics majors
and minors
SL-Full; Not for GE; CP
Credit cannot be earned in both ECON 494 and ECON 498
Get form from department office
Supervised application of classroom-acquired economics skills and knowledge in a professional setting related to the student’s area of interest.

499 Independent Study - Seniors
1-3 crs.
Not for GE
Minimum senior standing
May be repeated - additional restrictions may apply
Get form from department office

703 Microeconomics Foundation
1 cr. F, Sp.
No credit if taken after ECON 103
Special course fee required
Not for MBA degree credit
Concentrated introduction to microeconomic theory for graduate students with previous business experience. Online course offered fall and spring plus some summers.

704 Macroeconomics Foundation
1 cr. F, Sp.
No credit if taken after ECON 104
Special course fee required
Not for MBA degree credit
Concentrated introduction to macroeconomic theory for graduate students with previous business experience. Online course offered fall and spring plus some summers.

710 Managerial Economics
3 crs (3-0). Sp.
P: Limited to MBA students
Presentation and analysis of modern decision-making models for managerial decisions relating to economic variables.

745 Basic Economic Principles Applied to Current Problems
3 crs (3-0). Su.
Teacher K-12; field trip required
Workshop introduces teachers to application of economic theories to current economic issues.

793 Directed Studies
1-3 crs.
May be repeated - additional restrictions may apply

795 Research Paper
1-2 crs.
PR only grade basis
May be repeated - additional restrictions may apply

797 Independent Study
1-3 crs.
May be repeated - additional restrictions may apply
Get form from department office

799 Thesis
1-6 crs.
PR only grade basis
Course may be taken for a maximum of 6 credits