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UNDERGRADUATE COURSES
3 hrs.
This course is designed to provide students with an understanding of
fundamental economic concepts that are the building blocks of the fields of
microeconomics and macroeconomics. These are necessary for understanding and
analyzing problems from an economic perspective.
ECON
1070 Economic Issues in the U.S. Today
3 hrs. Fall, Spring
A nontechnical examination of contemporary economic issues in the United States,
such as unemployment, inflation, the environment, crime, education, health
care, and taxation. This course cannot be used to satisfy major or minor
requirements in Economics.
3 hrs.
A nontechnical economic approach to understanding important contemporary international
issues and problems. This course focuses on topics such as international
trade, finance, populations, migration, agriculture, the environment, and
developing and transitional economies. This course cannot be used to satisfy
major or minor program requirements in Economics.
3 hrs.
A survey of the evolution of modern economic society from premarket
conditions to the present day. Topics include premarket economies, emergence
of the market system, the industrial revolution, the Great Depression, the
evolution of mixed capitalism, and the modern economic system. This course
cannot be used to satisfy major or minor program requirements in Economics.
3 hrs. Fall, Spring,
Summer I, Summer II
An introduction to microeconomics, the study of the price system and resource
allocation, problems of monopoly, and the role of government in regulating
and supplementing the price system.
3 hrs. Fall,
Spring, Summer I, Summer II
An introduction to macroeconomics, the study of total output and employment,
inflation, economic growth, and introduction to international trade and
development. For students who plan to take both ECON
2010 and ECON
2020, it is preferable to take ECON
2010 before taking ECON
2020.
3 hrs.
This course is intended to teach “current events” topics to which
economics is relevant. Examples of current events around which this course
could have been structured are the savings and loan crisis, European economic
integration, welfare reform, tax reform, and NAFTA. Prerequisite: ECON 1070,
1080, 2010, or 2020.
ECON
3040 The Organization of Industries
3 hrs. Fall,
Spring, Summer I or Summer II
This course examines the various ways in which the organization of industries
affects pricing and other business behavior and more generally, competition
and resource allocation. The topics covered will include the theory of
competitive markets, the theory of monopoly and the theories of oligopoly.
The course will address the policy implications of various horizontal and
vertical agreements among firms in industries. Prerequisite: ECON
2010.
3 hrs. Fall, Spring
This course studies the role of women in the economy, both in the labor force
and the household, and women's economic status. Topics covered include gender
discrimination, the feminization of poverty, and the effects of public
policies on the economic status of women. Prerequisite: ECON 1070, 1080,
2010, or 2020.
3 hrs. Fall,
Spring, Summer I or Summer II
An analysis of the nature and underlying causes of the problems facing the
worker in modern economic society. Includes an examination of unions,
collective bargaining, labor legislation, wages, unemployment and economic
insecurity. Prerequisite: ECON
2010.
3 hrs.
This course is designed to familiarize the student with the basic economic
problems that exist in the field of health care. It introduces to the student
some basic economic tools which are useful in analyzing these problems. The
demand for medical care, the supply of health services, the role of health
insurance, and pricing and output decisions are analyzed. Various policy
questions are also raised, and the pros and cons of alternative policies are
presented. Finally, the role of planning in the reorganization and delivery
of medical care services is discussed.
Prerequisite: ECON
1070, 1080, 2010, or 2020.
3 hrs. Fall,
Spring, Summer I or Summer II
The study of economic aspects of environmental problems. Benefit-cost
analysis is introduced and applied to problems in the management of air,
water and other natural resources. Environmental problems of selected
industries---including transportation and electric power---economic growth,
population and environmental quality are analyzed. Prerequisite: ECON
2010.
3 hrs. Fall,
Spring, Summer I or Summer II
An analysis of the role of money and its impact on the economy-on inflation,
unemployment, interest rates, income, and foreign exchange. The operations
and relationships of commercial banks and the Federal Reserve are examined.
Prerequisites: ECON
2010 and ECON
2020.
3 hrs. Fall,
Spring, Summer I or Summer II
Practices, effects, and policy issues in federal government budgeting,
spending, taxation, borrowing and debt, with particular attention to
individual and corporate income taxation. Prerequisite: ECON
2010.
3 hrs. Fall,
Spring, Summer I or Summer II
This course examines the interrelationships among business, government and
society. The course attempts to provide insights into how, when and why
government policy towards business firms can either benefit or harm society.
Topics covered include antitrust policies, economic regulation and social
regulation.
Prerequisite: ECON
2010.
3 hrs. Fall,
Spring, Summer I or Summer II
A study of the fundamentals of international trade and related problems, with
special reference to the implications of the international economic policies
of the United States both for the economy and for the firm.
Prerequisites: ECON
2010 and ECON
2020.
ECON 3850
Central and East European and Central Asian Economies
3 hrs.
This course examines the interaction between economic and cultural changes
emerging during periods of transition in Central and east European and
Central Asian economies. Prerequisite: ECON 1070, 1080, 2010, or 2020.
ECON 3870
Studies in Asian Economies
3 hrs. Fall or Spring
The course concentrates on the study of the Japanese, Chinese, and Indian
economic systems. These models are then applied as a basis of comparison to
other Asian economies. Prerequisite: ECON 1070, 1080, 2010, or 2020.
ECON 3880
African Economies
3 hrs. Fall or
Spring
This course provides students with an understanding of the crucial role of
culture and tradition in shaping the economic evolution of African nations.
It is intended for undergraduate majors and minors in African Studies, Black
Americana Studies, Economics, Environmental Studies, international business
and other undergraduate students interested in comparative economic and
cross-cultural issues focused on Africa.
Prerequisite: ECON
1070, 1080, 2010, or 2020.
ECON 3890 Latin
American Economies
3 hrs.
An examination of the economic problems and challenges of the Latin American
region. Topics covered include structure and performance of the Latin
American economies, the industrialization process, economic integration, stabilization
programs, and capital formation. Prerequisite: ECON 1070, 1080, 2010, or
2020.
3 hrs. Fall,
Spring, Summer I or Summer II
An introductory examination of the application of tools of economic analysis
to management problems and decision making. The basic concepts include
marginalism and cost analysis, demand pricing, capital budgeting, and
selected optimality models. Prerequisites: ECON
2010 and MATH 1160.
3 hrs. Fall
An introduction to statistical methods and techniques used in the acquisition
and analysis of economic data. Data acquisition topics include collection and
preparation techniques, survey design and sampling. Students will be
familiarized with several government and private economic data sets and their
strengths and weaknesses. Data analysis topics emphasize statistical methods
used to analyze economic data such as descriptive statistics, hypothesis
testing and regression analysis. Prerequisites: ECON
2010, ECON
2020, and MATH 1180 or equivalent.
3 hrs. Fall,
Spring, Summer I or Summer II
An examination of microeconomic theory, with emphasis on the theory of
consumer behavior (the derivation of the demand curve), the theory of the
firm and factor pricing. Prerequisite: ECON
2010.
3 hrs. Fall,
Spring, Summer I or Summer II
An examination of macroeconomic theory with particular emphasis on business
cycles, economic growth, and price level instability. The interplay between
theory and policy is analyzed. Prerequisite: ECON
2020.
3 hrs. Spring
Instruction is given on the design and conduct of economic research and the
analysis of economic data. Each student designs a research project drawing
upon economics courses already taken by the student. In addition to
examinations, the student conducts in-depth research, gives an oral report,
and submits a written report. Prerequisites: ECON
4020, ECON
4030, and ECON
4060, or equivalents.
3 hrs. Fall
The economic institutions and conditions of capitalism, socialism, communism,
fascism, and the cooperative movement are critically examined as to ideology
and actual operation. This course is approved as a writing-intensive course
which may fulfill the baccalaureate-level writing requirement of the
student’s curriculum. Prerequisites: ECON
2010 and ECON
2020, or consent of instructor.
Undergraduate
students wishing to take 500-level courses must be of junior or senior
standing and have 12 or more credit hours of economics or the consent of the
department chairperson.
ECON
5010 Studies in Economic Problems: Variable Topics
3 hrs. Fall or
Spring
An examination of a selected area of concern not intensively covered in other
courses. The focus of the course will be substantive as well as analytical.
Topics may include such areas as poverty, farm problems, misallocation of
resources, welfare programs, unemployment and others. May be repeated for
credit with a different topic. Prerequisites: ECON 2010
and 2020
plus six additional credit hours of economics or consent of instructor.
ECON 5030
Economic Computing
3 hrs. Fall
This course provides students with basic skills needed for gaining access to
economics databases and for using data management programs on personal and
mainframe computers. It provides instruction and lab experience in
transferring files and performing operations widely employed by economists.
Prerequisites: ECON
4030, 4060,
or permission of instructor.
3 hrs. Fall
This course presents the mathematical material necessary as background for
the topics covered in graduate-level economics courses. Topics covered
include differential calculus, optimization, comparative statics, and
mathematical programming. These techniques are applied to selected economic
problems. Prerequisites: ECON
2010 and 2020,
MATH 1220 or consent of instructor.
ECON 5050
History of Economic Thought
3 hrs.
This course surveys the origins and developments of economic analysis from
the ancient Greeks to the present. Prerequisites: ECON
2010, 2020.
3 hrs.
This course concentrates on the main elements of monetary theory and policy
having to do with such problems as promoting economic growth, maintaining
full employment and price stability, influencing the flow of capital into the
various economic sectors with different possible social goals in mind, and
stabilizing international trade and financial relationships. Prerequisites: ECON
2010 and ECON
2020, ECON
3200 or ECON
4060.
3 hrs.
This course examines the development and utilization of manpower in the United States,
including such topics as labor force components, contributors to productivity
such as education, training, health and mobility, and issues of manpower
policy. Prerequisites: ECON
2010 and ECON
2020.
3 hrs.
Practices, effects and issues in state and local expenditure, taxation, and
borrowing, with particular attention to property and sales taxation, to the
financing of education and highways, and to intergovernmental fiscal
relations. Prerequisites: ECON
2010 and 2020.
3 hrs. Fall
An analysis of the economic factors such as population, resources, innovation
and capital formation which affect economic growth. Selected underdeveloped
areas will be studied to understand the cultural patterns and economic
reasons for lack of development and the steps necessary to promote economic
progress.
Prerequisites: ECON
2010 and 2020.
1 hr. Fall, Spring
Seminar series on a topic of current interest featuring invited visiting
economists. Topics will vary and courses may be repeated. Prerequisites: ECON
2010 and 2020.
ECON 5980 Readings in Economics
1-3 hrs. Fall,
Spring
An independent program of study for qualified advanced students to be
arranged in consultation with the instructor. Prerequisite: Consent of
instructor and department chairperson.
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