Approved by: Undergraduate Course and Curriculum Committee
Implementation Date: Summer 2015
Note: Deletions are strikethroughs. Insertions are underlined.
Catalog Copy
Catalog copy found under COURSE DESCRIPTIONS (ECON):
ECON 1090. Topics in Economics. (1-3) Consideration of topics from the areas of economic theory, economic development, consumer economics, welfare economics, and current economic problems. May be repeated for credit as topics vary. (On demand)
ECON 1101. Economics of Social Issues. (3) Economic issues without emphasis on theoretical models. Contemporary economic issues such as pollution control, healthcare, unemployment, and crime are studied. A student is ineligible to take this course if credit has already been received for either ECON 2101 or ECON 2102, or if they co-enroll in ECON 1101 and ECON 2101 or ECON 2102 during the same term. (Fall, Spring, Summer)
ECON 2101. Principles of Economics - Macro. (3) Prerequisite: Sophomore standing. Scope and methodology of economics as a social science, the measurement of national income, the theory of national income determination, money and banking, monetary and fiscal policy, and international economics. (Fall, Spring, Summer) (Fall Evenings)
ECON 2102. Principles of Economics - Micro. (3) Prerequisite: Sophomore standing. Pricing mechanism of a market economy, the industrial organization of the U.S. economy, problems of economic concentration, the theory of income distribution, and comparative economic systems. (Fall, Spring, Summer) (Spring Evenings)
ECON 3090. Topics in Economics. (3) Prerequisite: Permission of the department. Topics from the areas of economic theory, economic development, consumer economics, welfare economics, and current economic problems. May be repeated for credit.(On demand)
ECON 3105. Industrial Relations. (3) Prerequisite: introductory course in economics or permission of instructor. Systematic analysis of the sociological, economic, and legal forces affecting the work environment. Emphasis on labor unions and employment law. (On demand)
ECON 3106. Labor Economics. (3) Prerequisites: ECON 2101 and 2102; MATH 1120 or MATH 1241; and STAT 1220 or equivalent. Grade of C or better required in all prerequisite courses. Economics of labor markets with emphasis on wage and employment theory, collective bargaining, and human capital theory. Historical and legal forces affecting labor markets. (Fall)
ECON 3107. Employment Law. (3) Cross-listed as MGMT 3243. Legal principles and legislation which control employment decisions in union and non‑union settings. Topics include: fair employment practices, anti-discrimination law, representation elections, unfair labor practices, and dispute settlement processes. (On demand)
ECON 3112. Econometrics. (3) Prerequisites: ECON 2101 and ECON 2102; MATH 1120 or STAT MATH 1241; STAT 1220 or equivalent; and INFO 2130. Grade of C or better required in all prerequisite courses. Econometric techniques, including simple and multiple least squares regression with problems and analyses. (Fall, Summer)
ECON 3114. Research Methods. (3) Prerequisites: STAT 1220, INFO 2130, and ECON 3112. Grade of C or better required in all prerequisite courses. Introduction to research in economics, including major sources of data and information and application of elementary research methods to economic problems. (On demand)
ECON 3115. Money and Banking. (3) Prerequisite: ECON 2101 and ECON 2102; MATH 1120 or MATH 1241; and STAT 1220 or equivalent. Grade of C or better required in all prerequisite courses. The characteristics and functions of money in the modern economy, monetary theory and policy, and financial institutions. (Fall)
ECON 3122. Intermediate Microeconomics. (3) Prerequisites: ECON 2101 and ECON 2102,; MATH 1120 or MATH 1241,; and STAT 1220 or equivalent. Grade of C or better required in all prerequisite courses. Microeconomic analysis with emphasis on consumer theory and the theory of production. Resource allocation and the determination of optimum output and pricing by a firm operating under various market structures. Distribution and welfare theories. (Fall)
ECON 3123. Intermediate Macroeconomics. (3) Prerequisites: ECON 2101 and ECON 2102, MATH 1120 or MATH 1241, and STAT 1220 or equivalent. Grade of C or better required in all prerequisite courses. Analysis of economic aggregates with inflation, unemployment, and income determination. Keynesian, Classical, Monetarist, and supply side models. (Spring)
ECON 3125. Managerial Economics. (3) Prerequisites: ECON 2102,; MATH 1120 or MATH 1241,; STAT 1220 or equivalent,; and INFO 2130. Grade of C or better required in all prerequisite courses. Economic decisions of particular interest to business firms, e.g., demand theory and forecasting; cost analysis and pricing policies. (Fall, Spring, Summer) (Evenings)
ECON 3131. Economic History of the United States. (3) Prerequisite: ECON 1101, ECON 2101,or and ECON 2102; STAT 1220 or equivalent; or permission of instructor. Grade of C or better required in all prerequisite courses. Use of economic models to further understanding of the growth and development of the U.S. economy from colonial times to the Great Depression. Emphasis on the sources and consequences of American growth, with particular emphasis on technological, demographic, and institutional changes. (On demand)
ECON 3141. Health Economics. (3) Prerequisite: ECON 2101 and ECON 2102; MATH 1120 or MATH 1241; and STAT 1220 or equivalent. Grade of C or better required in all prerequisite courses. The application of microeconomic concepts to markets for health/medical care, including issues such as healthcare delivery, financing, regulation, and costs. (On demand)
ECON 3151. Law and Economics. (3) Prerequisite: ECON 2102 with grade of C or better. The application of microeconomic concepts to the law with an emphasis on examining the impact of laws on resource use, with the goal of using resources efficiently. The emphasis will be on property, contract, tort, and criminal law. (Fall)
ECON 3161. Game Theory. (3) Prerequisites: ECON 2101 and 2102; MATH 1120 or MATH 1241; STAT 1220 or equivalent; ECON 1201 or 2101 with a grade of C or above; ECON 1202 or 2102 with a grade of C or above; and MATH 1120, 1241, or 1242 with a grade of C or above; or permission of instructor. Grade of C or better required in all prerequisite courses. First course in game theory. The beginning of the course focuses on developing the techniques necessary to solve games. In the latter part of the course, game theoretic analysis is applied to a variety of topics, including, but not limited to, principal agent problems, auctions, and voting. Students see how the tools developed early in the course can be applied to a vast array of problems in economics and related disciplines. (Spring)
ECON 3170. Ethics and Global Capitalism. (3) Cross-listed as MGMT 3170. Prerequisite: Junior standing. The course is a study of ethical arguments supporting and critical of capitalist economic and social systems. Topics to be addressed may include property rights, justice, desert, equality, and sustainable capitalism. (Yearly)
ECON 3171. International Business Economics. (3) Prerequisite: ECON 2101 and ECON 2102, with grades of C or better. Survey of international trade and international monetary theory including determination of international trade patterns, welfare implications of international trade and trade restrictions, economic integration, exchange rate determination, and the balance of payments. Credit will not be given for ECON 3171 where credit has already been given for ECON 4171 or 4172. (On demand)
ECON 3400. Economic Internship. (1-3) Prerequisites: Open to junior and senior Economics majors in good standing. Requires 50 hours of supervised employment per hour of credit and the completion of an academic project. Students must consult the department chair in advance of registration to discuss the availability of positions. A proposal form must be completed and approved prior to registration and the commencement of the work experience. Graded on a Pass/No Credit basis. Cannot be taken for credit at the same time or following any other internship for credit and cannot be repeated. (Fall, Spring, Summer)
ECON 3500. Cooperative Education and 49ership Experience. (0) Enrollment in this course is required for the department's Cooperative Education and 49ership/service 49ership students during each semester they are working in the position. Restricted to majors in the department of Economics. Participating students pay a course registration fee for transcript notation (49ership and co-op) and receive full-time student status (co-op only). Assignments must be arranged and approved in advance. Course may be repeated. Graded on a Satisfactory/Unsatisfactory basis. Only open to undergraduate students; graduate level students are encouraged to contact their academic departments to inquire about academic or industrial internship options for credit. For more information, contact the University Career Center. (Fall, Spring, Summer)
ECON 3895. Directed Individual Study. (1-3) Prerequisites: permission of instructor and the department. Independent study of a theoretical and/or a policy problem in a special area of economics. Students may pursue a particular program in depth. Topics of the investigation may originate from the student or from the faculty member supervising the study. May be repeated for credit. (Fall, Spring, Summer) (Evenings)
ECON 4100. Mathematical Economics. (3) Prerequisites: ECON 2101 and ECON 2102; and MATH 1120 or MATH 1241. Grade of C or better required in all prerequisite courses. Both microeconomic and macroeconomic problems are analyzed with quantitative techniques. Emphasis is given to the study of methods for mathematically formulating economic relationships including the tools used for finding maximums, minimums, and limits to single, recursive, and simultaneous economic relationships. (Spring)
ECON 4112. Econometrics II. (3) Prerequisite: ECON 2101 and ECON 2102; MATH 1120 or MATH 1241; STAT 1220 or equivalent; INFO 2130; ECON 3112; or permission of instructor. Grade of C or better required in all prerequisite courses. This course investigates advanced data analysis techniques commonly used by economists, focusing on applications, understanding the strengths and limitations of the methods involved, using statistical and econometric software, and interpreting results. Techniques covered include but are not limited to models for dependent variables that are binary in nature, estimation of nonlinear relationships, analysis of panel data (pooled cross-sectional and time series data), and consequences of violation of the classical linear regression model assumptions. (Spring)
ECON 4116. Public Finance. (3) Prerequisite: ECON 2101 and ECON 2102; MATH 1120 or MATH 1241; STAT 1220 or equivalent; ECON 3122. Grade of C or better required in all prerequisite courses. Revenue and expenditure problems of governmental units, intergovernmental financial relationships and the impact of federal fiscal policy upon the American economy. (On demand)
ECON 4117. Business and Economic Forecasting. (3) Prerequisite: ECON 2101 and ECON 2102; MATH 1120 or MATH 1241; STAT 1220 or equivalent; INFO 2130; ECON 3112; or permission of instructor. Grade of C or better required in all prerequisite courses. Analysis of fluctuations in economic activity, including production, employment, prices and industry sales. Topics include: forecasting methods, business cycle theories, historical record, industry and sales forecasting. Not available for credit in the M.S. program in Economics. (Spring)
ECON 4135. Economics of Growth and Development. (3) Prerequisite: ECON 2101 and ECON 2102; MATH 1120 or MATH 1241; STAT 1220 or equivalent. Grade of C or better required in all prerequisite courses. Theories of economic growth and development applied to varying economic and social systems. Emphasis on current theoretical models of technological innovation and growth. (On demand)
ECON 4150. Urban and Regional Economics. (3) Prerequisite: ECON 2101 and ECON 2102; MATH 1120 or MATH 1241; STAT 1220 or equivalent. Grade of C or better required in all prerequisite courses. Spatial and economic organization of cities and regional areas and their special economic problems. Topics include: economic growth, urban location and land use, poverty, housing, public finance, and urban transportation. (On demand)
ECON 4160. Economics of Transportation. (3) Prerequisite: ECON 2101 and ECON 2102; MATH 1120 or MATH 1241; STAT 1220 or equivalent. Grade of C or better required in all prerequisite courses. Analysis of transportation systems. Topics include: the historical development of various modes, costs and rate‑making, regulation and national transportation policy. (On demand)
ECON 4171. Economics of International Trade. (3) Prerequisite: ECON 2101 and ECON 2102; MATH 1120 or MATH 1241; STAT 1220 or equivalent; ECON 3122, or ECON 3171 and ECON 2102. Grade of C or better required in all prerequisite courses. Theory of international trade, including determination of international trade patterns, welfare implications of international trade, economic integration, and effects of tariffs and quotas. (On demand)
ECON 4172. Economics of International Finance. (3) Prerequisite: ECON 2101 and ECON 2102; MATH 1120 or MATH 1241; STAT 1220 or equivalent; ECON 3123, or ECON 3171 and ECON 2102. Grade of C or better required in all prerequisite courses. Survey of international monetary theory. Topics include: exchange rate determination, balance of payments and adjustment, international liquidity, capital movements, international financial organizations, and monetary reform proposals. (Fall)
ECON 4177. History of Economic Thought. (3) Prerequisites: ECON 3122 and ECON 3123, with grades of C or better. One of the two courses may be taken as a corequisite. History of economics as a science and the evolution of theories of value, distribution and employment. Review of the works of Adam Smith, Thomas Malthus, David Ricardo, Karl Marx, Alfred Marshall, Thorstein Veblen, and John Maynard Keynes. (On demand)
ECON 4180. Industrial Organization and Public Policy. (3) Prerequisite: ECON 2102; MATH 1120 or MATH 1241; STAT 1220 or equivalent; ECON 3122. Grade of C or better required in all prerequisite courses. An examination of monopolistic competition, oligopoly, and monopoly and questions of public policy in dealing with problems created by industrial concentration. (Spring, Summer)
ECON 4181. Energy and Environmental Economics. (3) Prerequisite: ECON 2102 with grade of C or better. Economic issues of both energy and environment. Energy issues include the historical development of energy resources, supply and demand considerations and projections of the future energy balance. Environmental issues are externalities, common property resources, and government regulation. Policy considerations include environmental standards, pollution charges, and property rights. Cost-benefit analysis and microeconomic theory are applied. (On demand)
ECON 4200. Senior Seminar. (3) Prerequisites: ECON 3112, ECON 3122 and ECON 3123, with grades of C or better. Economics majors with senior standing only. This course serves as an integrative capstone course for the economics major and should normally be taken during the student's last semester of study. The primary objective of the course is to provide a framework in which senior economics majors can review and solidify their understanding of economic concepts by applying those concepts to specific economic issues. Topics will vary. Analytical ability and written and oral communication skills will be assessed. (Fall, Spring)