Undergraduate Economics
Undergraduate Economics
2006 Spring Term
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PRINCIPLES OF MICROECONOMICS
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.
PRINCIPLES OF MACROECONOMICS
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.
ECONOMIC PRINCIPLES FOR TEACHERS
ECON 213
Price-determination, income-distribution, and resource allocation in the market economy, including profit-making and cooperative business organizations. International trade, economic growth, and the role of government are examined. Satisfies the state teacher certification requirements of instruction in cooperatives.
BUSINESS STATISTICS I
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.
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.
ECONOMICS OF LABOR MARKETS AND POLICIES
ECON 353
A study of the demand for and supply of labor with particular emphasis upon: the behavior of labor markets; economic theories of wage determination; labor institutions and their historical evolution; labor-management relations; the effects of public policy.
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.
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.
HISTORY OF ECONOMIC THOUGHT
ECON 404
A study of the development of economic ideas, with emphasis on classical, neo-classical, socialist, Keynesian and institutional schools of thought.
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.
NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS
ECON 471
Markets and the efficient allocation of resources over time. Market failure - property rights, externalities, public goods. Valuation of environmental benefits and costs. Economics of renewable and non-renewable natural resources - land, water, fisheries, forests, energy, minerals. Pollution abatement and environmental protection. Global issues - population, climate change, tropical deforestation, the oceans and atmosphere as global "commons". ECON 411 recommended.
INTERNSHIP IN ECONOMICS
ECON 493
This is an opportunity for an economics student to gain practical experience in a business, bank, government, non-profit organization before graduation. The experience will supplement the students' academic work in preparation for a career. Instructor Consent required.
EXCHANGE STUDY
ECON 497
Variable topics.
INDEPENDENT STUDY
ECON 498
Study of a selected topic or topics under the direction of a faculty member. Repeatable. Department Consent required.