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Undergraduate Bulletin 2011-2012

Economics (CBA) Business Administration

Courses of Instruction (ECON)

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Course Formats
ACE Outcomes
ECON 189H
University Honors Seminar LINK
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
Groups: Research and Thesis
Prereqs:
Good standing in the University Honors Program or by invitation.
University Honors Seminar 189H is required of all students in the University Honors Program.
Topic varies.
ECON 198
Freshman Seminar LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Research and Thesis
Prereqs:
Permission.
Topics vary each term.
ECON 210
Introduction to Economics LINK
Credit Hours: 5
Course Delivery: Classroom
Groups: General Economics and Theory
Prereqs:
Sophomore standing and above.
This course is a prerequisite for: AECN 346, AECN 367, AECN 376, AECN 453, ECON 303, ECON 321, ECON 322, ECON 323, ECON 340, ECON 365, ECON 371, ECON 381, ECON 388, ECON 389, ECON 403, ECON 404, ECON 409, ECON 417, ECON 421, ECON 422, ECON 423, ECON 440, ECON 457, ECON 458, ECON 471, ECON 472, ECON 481, ECON 482, ECON 487, FINA 307, FINA 363, FINA 382, FINA 420
Recommended for students outside the College of Business Administration but not for economics majors in the College of Arts and Sciences. Students taking ECON 210 cannot earn credit for ECON 211 and ECON 212.
Principles which govern the organization and behavior of modern economic systems. Includes the nature of economics and economic systems; national income, inflation and unemployment measurement and determination; money, monetary and fiscal policy; economic growth; the allocation of economic resources; the behavior of consumers and producers in markets; the distribution of income; and the international economy.
ECON 211/211X
Principles of Macroeconomics LINK
Credit Hours: 3
Course Delivery: Classroom, Web
ACE Outcomes: 6, 8
Groups: General Economics and Theory
Prereqs:
12 cr hrs.
This course is a prerequisite for: AECN 265, AECN 420, AECN 445, BLAW 372, ECON 303, ECON 311, ECON 312, ECON 321, ECON 322, ECON 323, ECON 340, ECON 371, ECON 381, ECON 388, ECON 389, ECON 403, ECON 404, ECON 409, ECON 417, ECON 421, ECON 422, ECON 423, ECON 440, ECON 445, ECON 457, ECON 458, ECON 471, ECON 472, ECON 481, ECON 487, FINA 361, FINA 361H, HRTM 360, MNGT 331, MNGT 360, MNGT 360H, MNGT 475, MNGT 475H, MRKT 341, MRKT 341H
Credit toward the degree cannot be earned in both ECON 210, and in ECON 211 and/or ECON 212.
Introduction to the nature and methods of economics. Economic systems. Measurement and analysis of aggregate variables, such as national income, consumption, saving, investment, international payments, employment, price indices, money supply, and interest rates. Fiscal, monetary, and other policies for macroeconomic stabilization and growth are evaluated.
ECON 212/212X
Principles of Microeconomics LINK
Credit Hours: 3
Course Delivery: Classroom, Web
ACE Outcomes: 6, 8
Groups: General Economics and Theory
Prereqs:
12 cr hrs.
This course is a prerequisite for: AECN 201, AECN 265, AECN 325, AECN 345, AECN 420, AECN 445, ECON 303, ECON 321, ECON 340, ECON 388, ECON 389, ECON 403, ECON 404, ECON 409, ECON 417, ECON 421, ECON 422, ECON 423, ECON 426, ECON 435, ECON 440, ECON 445, ECON 457, ECON 458, ECON 471, ECON 472, ECON 481, ECON 487
Credit toward the degree cannot be earned in both ECON 210, and in ECON 211 and/or ECON 212.
Continuation of an introduction to economic methods. With emphasis on analysis and evaluation of markets. Includes demand, supply, elasticity, production costs, consumption utility, monopoly, competition, monopolistic competition, oligopoly, allocative and technical efficiency, and income distribution. Analysis applied to resource markets, unions, antitrust laws, agriculture, international trade, and other economic problems and policies.
ECON 215/215X
Statistics LINK
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom, Web
ACE Outcomes: 3
Groups: Quantitative Economics
Prereqs:
Sophomore standing; MATH 104/104H or MATH 106/108H; BSAD 150; 2.5 GPA.
This course is a prerequisite for: BLAW 372, ECON 311, ECON 312, ECON 409, ECON 416, ECON 417, FINA 361, FINA 361H, MNGT 245, MNGT 331, MNGT 360, MNGT 360H, MRKT 345, MRKT 350, MRKT 446, MRKT 450
Credit toward the degree in the College of Business Administration cannot be earned in both ECON 215, and STAT 218 or EDPS 459 or CRIM 300; or in both ECON 215 and SOCI 206. Credit towards the degree in the College of Arts and Sciences cannot be earned in both ECON 215 and STAT 218, or in both EDPS 459 and STAT 218.
Introduction to the collection, analysis, and interpretation of statistical data used in economics and business. Probability analysis, sampling, hypothesis testings, analysis of trends and seasonality, correlation, and simple regressions.
ECON 303
An Introduction to Money and Banking LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Monetary Economics
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Understanding of the nature of money, the commercial and central banking system, and the role of money and monetary policy as determinants of the aggregate levels of national spending and income, output, employment, and prices.
ECON 311
Intermediate Macroeconomics LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: General Economics and Theory
Prereqs:
ECON 211 and 212; ECON 215 or equivalent; MATH 104 or equivalent.
This course is a prerequisite for: AECN 445
Extensions and elaboration of theories of aggregate production, consumption, savings and investment, and international trade and finance. Detailed analyses of aggregate demand and supply and applications to inflation and unemployment. Various models of a market economy's performance, and analyses of monetary and fiscal policies for macroeconomic stabilization and growth.
ECON 312
Intermediate Microeconomics LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: General Economics and Theory
Prereqs:
ECON 211 and 212; ECON 215 or equivalent; MATH 104 or equivalent.
This course is a prerequisite for: AECN 316, ECON 421
Extension and elaboration of the economic theories of the behavior of producers, consumers, and markets. Applications include analyses of taxation, rationing and other government policies, price discrimination, cartels, unions, and international markets.
ECON 321/321X
Introduction to International Economics LINK
Credit Hours: 3
Course Delivery: Classroom, Web
ACE Outcomes: 9
Groups: International Trade and Finance
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Intermediate survey of international trade and factor movements; balance of payments; commercial policy; economic integration; international monetary system and institutions; exchange rates; and open economy macroeconomics.
ECON 322
Introduction to Development Economics LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Comparative International and Regional Development
Prereqs:
Survey of economic problems of developing countries and of appropriate policies to foster economic progress. Roles of education, research, innovation, saving, and capital formation in the growth process.
ECON 323
The Economic Development of Latin America LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Comparative International and Regional Development
Prereqs:
Economies of Latin America, with emphasis on current economic problems. How past development contributed to the present economic situation. Detailed analysis of the economies and recent economic policies using standard microeconomic and macroeconomic models.
ECON 340
Introduction to Urban-Regional Economics LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Comparative International and Regional Development
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Analysis of reasons for the existence, size, location, and evolution of cities. Analysis of the location of economic activity; differences in regional growth patterns, downtown revitalization, slums, congestion, and state economic development.
ECON 365
Financial Institutions and Markets LINKCrosslisted as FINA 365
Credit Hours: 3
Course Delivery: Classroom
Groups: Monetary Economics
Prereqs:
Various institutions which collectively constitute the US financial system and a discussion of their origin and development. Analysis of the supply and demand for funds and characteristics of the main financial markets. Emphasis on the determination of the price of credit and the term structure of interest rates.
ECON 371
Elements of Public Finance LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Public Finance
Prereqs:
For non-majors.
Economic analysis of current issues in public finance including government policy regarding both expenditure programs and taxation. Federal, state, and local government issues covered, emphasizing tax policy. Stresses applications of basic economic theory which provide insight on policy issues.
ECON 375
Women and Work in USA History LINKCrosslisted as HIST 375, WMNS 375
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
Groups: Economic History
Transformation of women's role in the USA economy from colonial times to the present and the effects of class, race, and changing perceptions of women's role in society. Role of women in household manufacture, the early factory system, the trade union movement, the Great Depression, the home front of WWII, and the economic emergence of women in the postwar economy.
ECON 381
Introduction to Labor Economics LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Labor Economics
Prereqs:
This course is a prerequisite for: MNGT 462, MNGT 464, MNGT 466
History and development of the American labor movement; trends and issues in collective bargaining; economic implications of labor unions.
ECON 388
Comparative Economic Systems LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Comparative International and Regional Development
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Intermediate survey of modern economic systems. Analysis of differences in underlying ideologies, institutions, policies, and performance among the US, Soviet Union, Western and Eastern Europe, Japan and China.
ECON 389
Current Economic Issues LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: General Economics and Theory
Prereqs:
ECON 210, or both ECON 211 and ECON 212; for juniors only.
Critical analysis of economic issues based upon readings of current and historical importance. (Possible topics: pollution, discrimination, poverty, energy, agribusiness, health, demographics, ideology, and crime.)
ECON 399
Independent Study LINK
Credit Hours: 1-3
Course Delivery: Classroom
Groups: Research and Thesis
Prereqs:
Prior arrangement with and permission of individual faculty member and completion of proposed plan to departmental office.
Special research project or reading program under the direction of a staff member in the department.
ECON 399H
Honors: Independent Study LINK
Credit Hours: 3-6
Max credits per degree: 6
Course Delivery: Classroom
Groups: Research and Thesis
Prereqs:
Admission to the University Honors Program or by invitation.
Special research project or reading program.
ECON 403/803
Money and the Financial System LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Monetary Economics
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Basic policy implications of monetary economics with special reference to the role of money in the determination of income, employment, and prices. Includes demand for and supply of money, commercial and central banking system, monetary policy-making, nonbank financial system, and other issues in monetary economics.
ECON 404/804
Current Issues in Monetary Economics LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Monetary Economics
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Money as developed by classical and modern economists. Emphasis on origins of money, interest rates, inflation, unemployment, business cycles, rational expectations, fiscal policy, international aspects of monetary policy, and other related topics in monetary economics.
ECON 409/809
Applied Public Policy Analysis LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Quantitative Economics
Prereqs:
ECON 210, or both ECON 211 and ECON 212; ECON 215 or equivalent.
Experience with research methods in economics. Statistical analysis to investigate economic issues and related policies; find relevant data; perform and interpret univariate and multivariate statistical analyses; and formulate and test specific hypotheses.
ECON 413/813
Social Insurance LINKCrosslisted as FINA 413/813
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
Groups: General Economics and Theory
Nature and causes of economic insecurity. Analysis of public programs such as Social Security, unemployment insurance, workers' compensation, and public assistance.
ECON 416/816
Statistics for Decision Making LINK
Credit Hours: 3
Course Format: Lecture
Course Delivery: Classroom
Groups: Quantitative Economics
Prereqs:
This course is a prerequisite for: ECON 419
Decision making under conditions of uncertainty. Introduction to Bayesian methods including the main methods of traditional statistics. Both prior knowledge and consequences of decision error are explicitly taken into account in the analysis.
ECON 417/817
Introductory Econometrics LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Econometrics
Prereqs:
ECON 210, or both ECON 211 and ECON 212; ECON 215 or equivalent.
Designed to give undergraduate and master's level economics students an introduction to basic econometric methods including economic model estimation and analyses of economic data. Hypothesis formulation and testing, economic prediction and problems in analyzing economic cross-section and time series data are considered.
ECON 419/819
Topics in Applied Research LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Quantitative Economics
Prereqs:
Selected topics involving the use of quantitative methods in applied research.
ECON 421/821
International Trade LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: International Trade and Finance
Prereqs:
Determinants of the volume, prices, and commodity composition of trade. Effects of trade, international resource movements, trade restrictions on resource allocation, income distribution, and social welfare.
ECON 422/822
International Finance LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: International Trade and Finance
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Determinants of exchange rates, international payments, inflation, unemployment, national income, and interest rates in an open economy. International monetary system and capital and financial markets, and of the mechanisms by which a national economy and the rest of the world adjust to external disturbances.
ECON 423/823
Economics of the Less Developed Countries LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Comparative International and Regional Development
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Advanced survey of development problems and goals; roles of land, labor, capital, entrepreneurship, and technical progress in economic growth of the less developed countries. Theories and strategies relating to international trade and economic development.
ECON 426/826
Government Intervention in Markets LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Industrial Organization and Regulation
Prereqs:
Traces the economic and legal incentives for government involvement in the marketplace. Examines why various forms of intervention make sense in certain situations. Defining the limits of allowable competition, and to replacing free market forces with regulation. Includes analysis of utilities and their evolving regulation.
ECON 433/833
History of Economic Thought LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: General Economics and Theory
Development and evolution of economic ideas, including diverse mainstream and dissenting schools of thought from ancient Greece to contemporary texts. Consideration of selected influential economists' writings, relation between economic conditions and ideas and the antecedents of current economic controversies.
ECON 435/835
Market Competition LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Industrial Organization and Regulation
Prereqs:
Examination of differing schools of thought about how well a market economy performs. Includes economic analysis and extensive reviews of rivalry among corporations in various sectors of the US economy.
ECON 440/840
Regional Development LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Comparative International and Regional Development
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
This course is a prerequisite for: ECON 442
Advanced analysis of regional growth and development. Emphasis on the relationship between national and regional growth as well as local attributes influencing development patterns. Comparisons between developed and developing countries used to highlight similarities and differences in development patterns and policies. Empirical applicability of regional economic models stressed.
ECON 442/842
Regional Analysis LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Comparative International and Regional Development
Prereqs:
Advanced study of techniques for regional analysis. Includes indexes of spatial dispersion and concentration, shift-share analysis, export base, and input-output analysis. Special emphasis on input-output analysis. Objective is to equip students with the basic analytical tools of regional economic analysis.
ECON 445/845
Gender, Economics, and Social Provisioning LINKCrosslisted as WMNS 445/845
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
Prereqs:
Introduction to the field of feminist economics.  Critiques of economic theory and methodology along with gender and household decision-making, the care economy, international migration, development, globalization, the feminization of labor markets, and macroeconomics.
ECON 450/850
Economics for Teachers LINK
Credit Hours: 2-6
Course Format: Lecture
Course Delivery: Classroom
Groups: Economic Education
Structure and function of the economic system and problems in achieving goals of efficient allocation of resources, full employment, stable prices, economic growth, and security. Emphasis on teaching of economics at the pre-college level.
ECON 451/851
Economics Issues for Teachers LINK
Credit Hours: 1-6
Max credits per degree: 6
Course Delivery: Classroom
Groups: Economic Education
Application of economic principles to current problems. Includes evaluation of economic education materials, scope and sequence for development of economic concepts in the primary and secondary school.
ECON 457/857
19th Century United States Economic History LINKCrosslisted as HIST 457/857
Credit Hours: 3
Course Delivery: Classroom
Groups: Economic History
Prereqs:
Transformation of the United States economy from an agrarian to an industrial society and the impact of that transformation on people's lives and livelihoods. The economics of slavery, the impact of the railroads, immigration, and the collective response of business and labor to industrialization.
ECON 458/858
20th Century United States Economic History LINKCrosslisted as HIST 458/858
Credit Hours: 3
Course Format: Lecture 3
Course Delivery: Classroom
Groups: Economic History
Prereqs:
Transformation of the United States economy in the twentieth century. Attention to the continued consolidation of the business enterprise, business cycle episodes including the Great Depression of the 1930s, organized labor, and the role of government in managing and coping with this transformation in economic life.
ECON 466/866
Pro-seminar in International Relations I LINKCrosslisted as AECN 467, ANTH 479/879, GEOG 448/848, HIST 479/879, POLS 466/866, SOCI 466/866
Credit Hours: 3
Max credits per degree: 3
Course Delivery: Classroom
Groups: Comparative International and Regional Development
Prereqs:
Senior standing and permission.
Open to students with an interest in international relations.
Topic varies
ECON 467/867
Pro-seminar in International Relations II LINKCrosslisted as POLS 467/867
Credit Hours: 3
Max credits per degree: 3
Course Delivery: Classroom
Groups: Comparative International and Regional Development
Prereqs:
Senior standing and permission.
Open to students with an interest in international relations.
Topics vary.
ECON 471/871
Public Finance LINK
Credit Hours: 3
Course Format: Lecture
Course Delivery: Classroom
Groups: Public Finance
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Microeconomic analysis of policy issues in public finance, emphasizing taxation. Includes public goods and externalities; analysis of tax incidence, efficiency, and equity; and fiscal federalism.
ECON 472/872
Efficiency in Government LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Industrial Organization and Regulation
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Prepares students to conduct social and economic planning, program evaluation, and budgeting. Analysis of the delivery of government goods and services consistent with values and societal goals. Includes: philosophy of government, budget theory, social indicators, social fabric matrix, cost effective analysis, technology assessment, evaluation of the natural environment, and time analysis.
ECON 475/875
Theory and Analysis of Institutional Economics LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Institutional Economics
Survey of the basic ideas of Veblen, Polanyi, Commons, Ayres, Galbraith, and Myrdal. Applications of institutional analysis to major economic problems and policies. Examination of the economic system as part of the holistic human culture, a complex of many evolving institutions.
ECON 481/881
Economics of the Labor Market LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Labor Economics
Prereqs:
Microeconomics of wages and employment; determinants of labor demand and supply; marginal productivity; bargaining theories of wages; labor mobility and allocation among employers; and the impact of unions, government policy, investment in human capital; and discrimination in labor markets.
ECON 482/882
Labor in the National Economy LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Labor Economics
Prereqs:
ECON 210, or 211 and 212.
Macroeconomics aspects of labor economics; how the labor sector of the economy and the economy's overall performance are interrelated; analysis of the general level of wages, employment, unemployment, business cycles, and inflation.
ECON 485/885
Government and Labor LINKCrosslisted as MNGT 466/866
Credit Hours: 3
Course Delivery: Classroom
Groups: Labor Economics
Prereqs:
Government regulation of employment and labor relations. Includes laws and agencies relating to employment practices, pay, hours, equal employment opportunity, labor relations, safety, health, pensions, and benefits. Social and economic implications of governmental regulation considered.
ECON 487/887
Economies in Transition LINK
Credit Hours: 3
Course Delivery: Classroom
Groups: Comparative International and Regional Development
Prereqs:
ECON 210, or both ECON 211 and ECON 212.
Evolution of formally centrally planned economies (Soviet Union, central and eastern Europe, China) toward more market-oriented and decentralized economies. Includes comparisons of the speed and pattern of institutional changes, performance outcomes and implications for economic development strategies.
ECON 499H
Honors Thesis LINK
Credit Hours: 3-6
Course Delivery: Classroom
Groups: Research and Thesis
Prereqs:
Admission to the University Honors Program or by invitation, and permission.
Conduct a scholarly research project and write a University Honors Program thesis.