Economics: Course Descriptions
ECON 100. Introduction to Economics.
3 cr. Survey economic concepts and contemporary economic issues. The
role of business, households, and government. Analysis of demand and
supply, income distribution, unemployment, inflation, and business
cycles. May not substitute 100 for ECON 110 or 111
to satisfy business administration, economics, and accounting major or
ECON 110. Principles of Macroeconomics.
3 cr. Concepts of scarcity and cost; supply and demand; government in
the economy; organization and functions of businesses and cooperatives;
measurement and determination of national income; unemployment and
inflation; money, banking, and financial markets;
international trade and finance. Prereq: MATH 100 or equiv. GDR: SS1; GEP: SS
ECON 111. Principles of Microeconomics.
3 cr. Theory of producer and consumer behavior; pricing and output in
competitive vs. monopoly markets; pricing and employment of labor and
other resources; problems of government intervention in markets. Prereq: 110. GDR: SS1; GEP: SS
ECON 272. Personal Finance.
3 cr. Economics for the consumer, the art of consumer decision making,
issues affecting consumer spending, saving, and investing; the role of
cooperatives and other institutions concerned with consumer welfare. May
not earn credit in both 272 and HD 372.
ECON 299. Special Work.
Premajors in economics may arrange for independent study with cons chair. Credit based on scope of project.
ECON 310. Introductory Econometrics.
cr. Fundamentals of Probability and Mathematical Statistics. Hypothesis
testing. Simple and multiple regression analysis. Dummy variables and
Basics of Time Series Analysis
focusing on applications in Economics. Prereq: 110, 111; MATH 109, 111,
or 120; MATH 355
ECON 311. Public Economics.
3 cr. Analysis of government actions and their impact on both
efficiency and equity aspects of the economy. Topics include government
actions to address market failure, social insurance, public assistance,
and taxation. Prereq: 111.
ECON 315. Business and Government.
3 cr. Role of government regulation vs. free markets. How government
regulates business activity: anti-trust, economic regulations, social
regulations, developing regulatory activities. Economic impact of govt
regulation. Prereq: 111.
ECON 324. Health Economics.
3 cr. Apply microeconomic theory to analyze behavior of health and
health care markets. Includes supply and demand of health care services,
private health insurance markets, government provision of health care
services and health insurance, and health care
policy. Prereq: 111 or cons instr.
ECON 328. Poverty, Welfare, Social Insurance.
3 cr. Poverty in the United States; income maintenance programs
including social security, unemployment insurance, worker's
compensation, pension plans, and social assistance; health insurance.
Prereq: 110 or cons instr. May not earn credit in both ECON 328
and SOC 328.
ECON 330. Evolution of American Enterprise.
3 cr. Evolution of business systems and development of American
economy; historical transformation of firms, markets, and government;
institutional sources of economic growth. Prereq: 111.
ECON 340. Industrial Organization.
3 cr. Structure and performance of markets; strategic behavior of
firms; price discrimination, product differentiation, advertising, entry
deterrence, and research and development. Prereq: 111.
ECON 342. Ecological Economics.
3 cr. Interactions and integration of economic and ecological systems.
Resource use, disposal, and sustainability. Historical trends and
forecasts of the relationship between economic and ecological outcomes.
Policy design with a focus on steady-state growth
distributive justice, and efficiency. Prereq ECON 111 or NRES 372. GDR:
EL; GEP: ER
ECON 345. Labor Economics.
3 cr. Examine state of modern labor market, theory of worker supply and
demand, wage determination in competitive markets, internal labor
markets and labor market segmentation, trade unions, discrimination,
human capital accumulation as well as public policy
related to these topics. Prereq: 111.
ECON 346. Collective Bargaining.
3 cr. History and legal framework of collective bargaining; contextual
influences on bargaining process; union organization, negotiating
strategies, and goals; management organization and bargaining
strategies; content of collective bargaining; bargaining
process in public and private employment; dispute resolution
procedures; current topics. Prereq: 110.
ECON 347. Sports Economics.
cr. Uses the sports industry to illustrate topics from a variety of
fields in economics. Examines pricing decisions, cooperative behavior,
and league formation; models
of pay determination, contract incentives, and unions; and stadium
financing and community effects. Prereq 111.
ECON 350. Microeconomic Theory.
3 cr. Analytical tools for under-standing demand, production and cost,
impact of market structure on firms' behavior, pricing of resources, and
economic welfare. Analysis of public policies. Prereq: 111 and MATH
109, 111, or 120.
ECON 360. Money and Financial Markets.
3 cr. Depository institutions; central banking and money creation;
price level analysis; interest level determination; interest rate
theory; money and capital markets. Prereq: 110 and ACCT 210.
ECON 361. Macroeconomic Theory.
3 cr. Determination of levels of national income, output, employment,
and prices; national income accounting; theory and measurement of
aggregate consumption and investment; government stabilization policy.
ECON 362. Economic Development.
cr. Problems of measuring economic growth; lessons from the past
economic growth of today's industrialized countries and middle-income
economies; problems of poverty,
inequality, unemployment, and deficiencies in food, clothing, housing,
education and health of people in less-developed countries. Prereq: 111.
ECON 365. International Economics.
3 cr. Foreign trade, theory and measurement of export and import
patterns; foreign exchange markets, balance of payments, tariffs, and
the contemporary international monetary system. Prereq: 111; or NRES 372
for international resource management minors.
ECON 370. Managerial Economics.
3 cr. Economic analysis of business decision making using regression
analysis and forecasting tools; mathematical analysis of production
decisions, cost minimization, pricing strategies, consumer demand, and
market environment. Prereq: 111, MATH 109, and 355
ECON 374. Regional Economic Growth.
3 cr. Factors that promote and/or hinder regional economic and business
growth. Geographical distribution of resources and spatial ordering of
industrial and commercial activities. Patterns of trade among regional
and urban areas; regional business cycles.
Patterns of land use and values in regions and urban areas. Prereq:
ECON 390. Special Topics in Economics.
1-3 cr. Subtitle will designate topic. May repeat for credit with different subtitles. Prereq: Cons instr.
ECON 420. Economics of Organization.
3 cr. Apply microeconomic and game theoretic principles to analyze
business institutions and practices. Examine economic theories of the
firm and alternative contractual relationships. Vertical integration (make-or-buy decision), corporate owner-ship, multiproduct firm,
relational contracting, franchising. Evaluate economic theories with
economic experiments. Prereq: 111 and cons instr.
ECON 450. Seminar in Applied Economics.
cr. This capstone course offers instruction on the qualitative and
quantitative methods of the economics profession. Using topics from the
economics discipline, examine
a variety of types of professional economic studies, for example,
literature reviews, case studies, qualitative research, and quantitative
analysis. Prepare for the type of work you will be expected to conduct
in the economics profession, the business world,
or in graduate school.
ECON 460. Economics and Management of Technological
3 cr. Read, present papers and discuss history of technological change,
economic/social determinants of direction and rate of change, effects
of change on
economic structure/growth, and on behavior of firms. Also, technology
problems faced by policy makers and firm managers. Prereq: 111 and 2nd
sem jr or sr st.
ECON 490. Advanced Topics in Economics.
1-3 cr. Subtitle will designate topic. May repeat for credit with different subtitles. Prereq: Sr st; cons instr.
ECON 493. Internship in China.
3 cr. Supervised training work program in cooperating agency or
business in China plus lectures in English. Prereq: Economics
major/minor or cons intern dir. GDR: NW; GEP: GA, XL
ECON 497. Internship in Economics.
Cr arranged. Supervised training work program in a cooperating agency
or business. Credit set by chair and econ faculty member. Prereq: Cons
chair. GEP: XL
ECON 498. International Internship.
1-12 cr. Supervised training work program in an international agency or
business located outside the U.S. Credit set by chair and econ faculty.
Prereq: Cons chair. GEP: XL
ECON 499/699. Special Work.
Upperclass or graduate students may arrange for independent study with
cons chair. Credit based on scope of the project. Prereq: Cons chair.
ECON 717. Economic Education for Elementary
and Secondary Teachers.
3 cr. Introduction to basic economic principles and issues; identify
resources for economic instruction at elementary and secondary levels;
design lessons/activities for integrating economic education across the
curriculum; open to experienced, certified teachers. May not earn
credit in both ECON 717 and EDUC 717.
ECON 725. Economics and Environmental Issues.
1 cr. Role of economics principles in analysis of environmental issues;
competitive markets, externalities, environmental regulations, economic
incentives, pollution reduction, energy efficiency, waste disposal,
population change, and economic development;
teaching strategies and instructional materials to integrate economics
and environmental education. Prereq: Certified elementary and secondary
Economics Latent Courses:
Not offered recently. See full course description in indicated (xx-xx) catalog.
367 Comparative Economic Systems, 3 cr, (03-05)
440 Monetary and Credit Policies, 3 cr, (95-97)
454 Applied Economics, 3 cr, (89-91)
481 History of Economic Thought, 3 cr, (95-97)
495 Senior Honors Thesis, 3 cr, (01-03)