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Undergraduate Economics

2018 Fall Term

Class Schedule

PRINCIPLES OF MICROECONOMICS (GS)

ECON 201

Consumer and firm behavior. Market supply and demand and the price system. Monopoly and imperfectly competitive market structures. The pricing of factors of production and the distribution of income. Additional topics may include: poverty, growth and development; international trade. Conventional grade basis only if course is required in the College of Business for major.

Class Schedule

PRINCIPLES OF MACROECONOMICS (GS)

ECON 202

The economic problem: allocating scarce resources among alternative uses. The role of the market: supply and demand. The aggregate economy: output, income, employment and inflation. The nature and role of money. The effect of government expenditure and taxation on the economy. Conventional grade basis only if course is required in the College of Business for major.

Class Schedule

BUSINESS STATISTICS

ECON 245

An introduction to descriptive statistics, probability theory and statistical inference. Graphical and numerical methods of summarizing data. Probability concepts and theoretical probability distributions. Sampling and sampling distributions. Estimation, confidence intervals and hypothesis testing. Correlation and regression analysis. The course emphasizes the application and interpretation of statistical techniques.

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INTERMEDIATE MICROECONOMIC ANALYSIS

ECON 301

Consumer and firm behavior. Theories of consumption and production. Pricing of products and factors of production under different market structures. General equilibrium. Market failure, externalities and public goods.

Class Schedule

INTERMEDIATE MACROECONOMIC ANALYSIS

ECON 302

Measuring the aggregate economy: national income and product accounting, inflation and unemployment. The nature and role of money and interest rates in the macroeconomy. The effects of monetary and fiscal policies on output, employment and inflation in the short and long run. Economic fluctuations and growth.

Class Schedule

ECONOMETRICS

ECON 345

The second course in statistics is a course in applied regression analysis with particular emphasis on economic analysis. It begins with a review and extension of descriptive statistics, probability and statistical inference as presented in Business Statistics before going on to a detailed treatment of simple and multiple regression.

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MONEY AND BANKING

ECON 354

The demand for and supply of money in historical perspective including the role of the banking system in the credit creation process. Financial markets, interest rates and economic activity. The Federal Reserve System, monetary policy and the macroeconomy.

Class Schedule

PUBLIC FINANCE

ECON 356

Economic analysis of public sector issues in relation to the overall economy including: market failure and the role of the public sector; the effects of government expenditures, taxation and borrowing on the allocation and distribution of resources; stability of the U.S. economic system.

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GROWTH AND DEVELOPMENT IN THE WORLD ECONOMY

ECON 360

The historical growth experience of industrialized economies; the challenge of development in Asia, Africa and Latin America; problems of transition in formerly centrally planned economies. Economic growth and structural change; income distribution and poverty; population growth and human resources; international trade, foreign investment and development assistance.

Class Schedule

THE MICROECONOMICS OF BANKING

ECON 364

Understanding and evaluating risk in its various forms is a critical skill in economics. This course will cover institutional details of financial institutions and develop tools to analyze, measure and manage different types of risks associated with these institutions.

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INTERNATIONAL ECONOMICS

ECON 401

The nature, extent and growth of international trade. Comparative advantage as the basis for trade. Distribution of the gains from trade between and within countries. International capital and labor mobility. Growth, technological progress and trade. Tariffs, quotas, subsidies, economic integration. Exchange rates and the balance of payments.

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BUSINESS CYCLES

ECON 402

An historical overview and theoretical interpretations of U.S. business cycle experience. U.S. business cycles in a global context, business cycle theories and stabilization policy.

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INTERNATIONAL FINANCE AND BANKING

ECON 406

The monetary dimension of international economics. Balance of payments accounting; exchange rates, prices and interest rates; spot and forward foreign exchange; international financial markets and international banking; exchange rate systems and the role of central banks; open-economy macroeconomics; the international monetory system and current policy issues.

Class Schedule

ECONOMICS OF GLOBALIZATION

ECON 431

The course treats the political economy of trade, foreign investment and multinational corporations; the economic and social consequences of globalization; governments, markets, and the instruments of international economic and industrial policy; the World Trade Organization and recent issues--environmental and labor standards; intellectual property; services trade; the developing nations.

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INDUSTRIAL ORGANIZATION AND COMPETITIVE STRATEGIES

ECON 441

Application of economic theory and analysis to case studies in American industry in terms of market structure, market conduct, and industry performance. Analysis of the ways business firms and markets are organized and interact, assessment of the outcomes of various types of firm behavior and the performance of markets, and evaluation of the causes and types of market failures.

Class Schedule

SPECIAL STUDIES

ECON 496

Variable topics. Group activity. Not offered regularly in the curriculum but offered on topics selected on the basis of timeliness, need, and interest, and generally in the format of regularly scheduled Catalog offerings. Repeatable for a maximum of 3 credits in the major or 6 credits in the degree.

Class Schedule

INDEPENDENT STUDY

ECON 498

Study of a selected topic or topics under the direction of a faculty member. Repeatable. Department Consent required.