Economics

Undergraduate Bulletin
Document Number 4.01.03(a)

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[1] Courses in Economics (ECON)

1310 MODERN POLITICAL ECONOMY An elective course which can satisfy the general education requirements. The mode of instruction is lecture/discussion. Human social order from the economic perspective. Roles and institutions developed in the Western world to deal with problems of scarcity, alternatives, and choice. Major tools of economic analysis and application to diverse social and political problems, both contemporary and historic. Fall, spring, summer.

2310 GLOBAL ENVIRONMENT OF BUSINESS A general education elective in the category of behavioral and social sciences and a required course of all business majors. The mode of instruction is lecture/discussion. Examination of the various economic, institutional, and cultural practices that guide international trade and commerce in the modern world. Includes international institutions, exchange rates, and commercial policy. Fall, spring, summer.

2320 PRINCIPLES OF MACROECONOMICS Required course of all business majors in the business foundation. The mode of instruction is lecture/discussion. The course is half of the disciplinary core in economics, designed for students who will need competence in interpreting macroeconomic events and forecasting the effects of macroeconomic policies within their major studies and in subsequent careers. It is a study of the market for goods, capital, labor, and money; national economic goals and policies. Tools of macroeconomic analysis. Prerequisite: MATH 1390. Fall, spring, summer.

2321 PRINCIPLES OF MICROECONOMICS The course is required of all business majors in business foundation. The mode of instruction is class lecture and discussion. The course is half of the disciplinary core in economics, designed for students who will need competence in employing the tools of economic analysis within their major studies and in subsequent careers. It is a study of markets, resource allocation, consumer and producer behavior, production, costs, market structure, and the role of government in markets. Tools of microeconomics analysis. Prerequisite: MATH 1390. Fall, spring, summer.

3301 INTERMEDIATE MICROECONOMICS A required course for the BS degree in economics. Instructional delivery includes both lecture and discussion. The course examines the determination of prices and their role in directing consumption, production, and distribution under both competitive and non-competitive market situations. Prerequisites: ECON 2320 and 2321. Fall.

3302 INTERMEDIATE MACROECONOMICS A required course in the BBA concentration in international trade and the BS in economics. The mode of instruction is lecture/discussion. Determinants of aggregate levels of production, employment, and prices. Public policy implications of recent developments in business and the macroeconomy. Prerequisites: ECON 2320 and 2321. Spring.

3310 PUBLIC FINANCE This course is an elective within the economics major, and is presented in a lecture/discussion format. It uses microeconomic tools of analysis to understand how governments raise and spend money. Concepts covered include the influence of government on resource allocation, government response to market failure, public choice, social goods, the nature and extent of government expenditures and revenues, public debt, and the impact of government fiscal policy. Prerequisites: ECON 2320 and 2321. On demand.

3315 LABOR ECONOMICS An elective for majors and minors in economics and business administration, this course applies the elementary tools of economics to the unique characteristics and problems of the labor market. It considers both the demand (employer) and supply (employee) sides of the market to gain an understanding of the impacts of both government programs and private decision making. Specific topics include analysis of the labor force and labor supply, short- and long-run labor demand, wage determination, human capital theory, migration, labor-market discrimination, life-cycle patterns of work, and the effects of unions. The method of instruction is lecture/discussion. Prerequisite: ECON 2321. On demand.

3330 ENVIRONMENTAL ECONOMICS An elective course for economics majors. A lecture/discussion format will be used. There will be an application of economic tools and concepts to describe and explain the efficient use and preservation of natural resources and environmental quality. Topics covered include regulation, cost-benefit, sustainable development, global comparisons, air pollution, species extinction waste products management, and overpopulation. Prerequisite: ECON 1310 or equivalent. On demand.

3335 ECONOMETRICS This course is required for the B.S. in Economics and an elective for the B.B.A. and B.A. economics majors.  Students organize data and use empirical methods to better understand economic theories. Students will use the data to test economic theories, to measure the magnitude of important casual relationships, and to predict future economic phenomenon. This course will cover the following topics: Linear Regression, Hypothesis Testing within the Linear Model, Violations of the Classical Assumptions (and how to deal with these violations), Time Series Models, Limited Dependent Variable Models, Simultaneous Equations, and Forecasting. The course will be applications based. Instructors will emphasize using computers and software to analyze data. Prerequisites: QMTH 2330 or another statistics class, and ECON 2320 and ECON 2321, or approval of EFIRM chair. Summer.

3382 INTERNSHIP IN ECONOMICS This is an elective course open to Economics majors. Internships are available to provide students academic credit for experiential learning. Three credit hours will be granted for this course upon completion of a minimum of 120 contact hours at an approved College of Business student internship. Prerequisite: Junior standing. On demand.

4320 COMPARATIVE ECONOMIC SYSTEMS An elective in the economics major. The mode of instruction is lecture/discussion. Comparative analysis of the theories and practices of major economic systems. Consideration of the role of government in the economy. Economic systems of North America, Japan, and Europe. Prerequisites: ECON 2320 and 2321. Fall.

4335 INTERNATIONAL TRADE A required course for the international trade concentration and an elective for economics majors. Instructional mode includes both lecture and discussion. The course will cover trade theory and policy, foreign exchange systems and markets, the macroeconomic implications of the balance of payments, motivation for trade, gains from trade, and the emergence and impact of free trade zones. Prerequisites: ECON 2320 and 2321. Fall.

4340 MANAGERIAL ECONOMICS An elective course for economics. Instructional mode includes both lecture and discussion. The course focuses on the application of the tools of microeconomic theory to the analysis and solution of managerial problems confronting the business firm. The course utilizes spreadsheets and data analysis and examines alternative pricing strategies and organizational structures of firms and industries. Prerequisites: ECON 2320 and 2321. On demand.

4360 HEALTH CARE ECONOMICS This course is an elective within the economics major. The method of instruction is class lecture and discussion as well as student research, writing, and presentation, using both library and Internet sources. Students learn to apply the tools of economic and financial analysis to numerous current issues in the United States health care system, including market and institutional characteristics of health care delivery, consumer choice and principal-agent relationships in health care, and government programs and policies. Survey of major delivery and financing reform proposals. Prerequisite: ECON 2321. On demand.

4375 ECONOMICS OF DEVELOPING NATIONS This is a required course for the developing nations track in the global core for the BA concentration in international trade. The mode of instruction is lecture/discussion. Important approaches to economic development and analysis of the factors that influence economic growth and development. Emergence of new economic powers in Asia, Latin America, and Europe. Prerequisites: ECON 2320 and 2321. Spring.

4380 SENIOR SEMINAR IN ECONOMICS Designed as the capstone course for the BA and BS economics majors. It should be taken during a student's senior year. The mode of instruction is seminar with active student participation including research presentations and writing of a term paper and shorter papers. The topics covered will vary. Prerequisite: Consent of Instructor or Department Chair. Spring.

4382 INTERNSHIP IN ECONOMICS This is an elective course open to Economic majors. Internships are available to provide students academic credit for experiential learning. Three credit hours will be given for this course upon completion of a minimum of 120 contact hours at an approved College of Business student internship. Prerequisite: Senior standing. On demand.

4390 INDEPENDENT STUDY IN ECONOMICS A course required for graduation with departmental honors. This course allows the student to engage in reading and research under the guidance of a faculty member. Prerequisite: Consent of department chair. On demand.

4395 SPECIAL PROBLEMS IN ECONOMICS A course in economics on a special topic or issue. The topic will vary from semester to semester. Prerequisite: consent of department chair.  On demand.