Course Descriptions

BASIC ECONOMIC ANALYSIS


200 Principles of Economics: Macroeconomics
The problem of scarcity; theory of national income and employment; policy applications to problems of employment, inflation and business fluctuations; introduction to money, banking, and monetary policy. One semester, 3 credits.

201 Principles of Economics: Microeconomics
Introduction to the theory of price and wage determination in markets. Includes analysis of consumer choice, decisions by firms, industrial organization, and government policy as it affects markets. Also includes discussion of economic efficiency and income distribution in the market economy. One semester, 3 credits.

INTERMEDIATE ECONOMIC ANALYSIS


300 Intermediate Macroeconomic Theory
Theoretical analysis of forces that determine the general level of prices, output, and employment; monetary and fiscal policy. Prerequisites: 200 and 201. One semester, 4 credits.

301 Intermediate Microeconomic Theory
The theory of consumer behavior and of the firm under perfect and imperfect competition; resource pricing; general equilibrium and welfare economics. Prerequisites: 200 and 201.
One semester, 4 credits.

305* Introduction to Econometrics
An introduction to the mathematical and statistical tools used to model, test, and forecast economic relationships. Construction of models, data collection, linear regression, hypothesis testing, and forecasting. Introduction to computer software used for regression analysis. Prerequisites: 200, 201 and MATH 80. One semester, 3 credits.

310* Money and Banking
An examination of the institutional structure of the U.S. financial system, including the scope and effect of bank deregulation; the instruments and theoretical impact of Federal Reserve System monetary policy on the domestic and international economy. Prerequisite: 200. One semester, 3 credits.

315* History of Economic Thought
The evolution of economic ideas; concentration on major schools of thought, economists, and their ideas since 1750. Prerequisites: 200 and 201. One semester, 3 credits.

APPLIED ECONOMIC ANALYSIS

330 Current Economic Problems
The application of economic analysis and research methodology to issues such as air pollution and poverty; intensive student research into one current economic problem. This course satisfi es the paper-in-the-major requirement. Prerequisites: 300 or 301. January session, 4 credits.

345* Public Sector Economics
The role of government in a market economy, the economics of public expenditures and taxation; policy issues. Prerequisites: 200 and 201. One semester, 3 credits.

ECONOMICS

Pre-Professional Economics Option:
All of the courses under the General Distributive Option Plus:

Introduction to Econometrics, ECON 305, 3 credits
History of Economic Thought, ECON 315, 3 credits
Calculus and Analytic Geometry, I, II, MATH 141A, B, 8 credits

GUIDELINES FOR A MINOR IN ECONOMICS


A minor in economics requires 20 credits, including 200, 201, 300, 301, and six additional economics credits at the 300 level or above.

347 Economics of War
An introduction to war economics. A study of the relation between economics, warfare and national defense. The first half of the course is devoted to an analysis of the impact of wars at a macroeconomic level; the second half is on the microeconomic aspects of wars. Prerequisites: 200 and 201. January session, 4 credits.

350 Labor Economics
This course provides an introduction to the analysis of the demand and supply and quilibrium of the labor market. Examples of questions that will be discussed are: how do individuals choose to work or not to work; how many hours do they choose to work; etc. In addition, application of labor theory to issues of compensating wage differentials, human capital, labor unions, incentive pay, immigration labor, and labor market discrimination will be analyzed. Prerequisites: 201. 3 credits.

353 Labor in America
Analysis of changes in labor markets and labor institutions in the past century. Topics iclude union history, collective bargaining, shifts in aggregate employment patterns, current issues Prerequisite: 200. January session, 4 credits.

357 Economics of Race and Gender
Through the use of economic models, the class explores and analyzes the differences in the U.S. labor market as a result of differences by race and gender, and invariably income class. The primary objective of this course is to develop and understanding of the differences by race and gender in the economy in the U.S. labor market with a focus on exploring current trends and policies for remedying inequalities of the various groups.. Prerequisites: 200 or 201. 3 credits.

360* Industrial Organization
Application of economic principles to study of structure, conduct, and performance of U.S. industry. Analysis of antitrust and regulation policy in terms of appropriate government response to industrial performance. Prerequisites: 200 and 201. One semester, 3 credits.

365* Managerial Economics
Application of economic theory and methodology to managerial decisions. Prerequisites: 200 and 201. Statistics recommended. One semester, 3 credits.

370* Economic History
Factors behind European and U.S. economic development; concentration on the U.S. Prerequisite: 200. One semester, 3 credits.

INTERNATIONAL ECONOMICS


380 International Economics
Basic principles of international trade and finance; their application to trade barriers, payment systems, and international organizations; a policy approach. Prerequisites: 200 and 201. One semester, 3 credits.

383* Comparative Economic Systems
The evolution and performance of economic systems, including capitalism, market socialism, and centrally planned socialism. Prerequisites: 200 and 201. One semester, 3 credits.

386* Growth and Development
Surveys the main economic models of growth and development. Topics include: Why are some countries rich and others poor? Can less developed countries catch up with the income level of the developed world? What are the determinants of economic growth and development? Can growth continue forever? The course addresses policy issues related to poverty, income distribution, structural change, savings, foreign trade. Prerequisites: 200 and 201. One semester, 3 credits.

ADDITIONAL OFFERINGS


190, 290, 390, 490 Selected Topics in Economics
Variable credits. Permission. May be repeated for credit.

295, 395, 495 Independent Studies
Credit and time arranged. Permission. May be repeated for credit.

*Not offered every year.