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Cover Photo 2007-2008 Catalog Online

Course Descriptions:


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Economics (ECN)

Chairperson: Professor Ramsay

100 Introduction to Economics (3)

General overview of concepts economists employ to address issues of public policy. Description of major institutions of present-day American economy. Historical approach to subject matter. (Lec. 3) (S) [D]

201 Principles of Economics: Microeconomics (3)

Principles underlying resource allocation, production, and income distribution in a market economy. Topics include demand and supply, consumer behavior, firm behavior, market structure, and elementary welfare analysis. Institutional foundations explored. (Lec. 3/Online) (S)

202 Principles of Economics: Macroeconomics (3)

Principles underlying aggregate demand and aggregate supply in a market economy. Topics include national income determination, inflation, unemployment, economic growth, and international trade. Institutional foundations explored. (Lec. 3/Online) Pre: 201 or equivalent. (S)

305 Competing Traditions in Economics (3)

Introductory exposure to the history of economic thought and also to competing schools of thought within modern economics. Connections between present-day controversies and competing traditions are explored. Pre: 201, 202. May be taken concurrently with 202. Only offered in spring semester.

306 Introduction to Economic Research Methods (3)

Development of supplementary skills needed to carry out economic research. Topics include: 1) widely used computer operating systems, 2) economic data sources, 3) elementary mathematical and statistical techniques, and 4) library research methods. Pre: 201, 202. May be taken concurrently with 202. (S)

310 Economics of Sports (3)

Economic analysis of professional sports. Topics include sports and television, the collegiate foundation, franchise finance, athletes’ compensation, and impact upon local public finance. (Lec. 3) Pre: 100, 201, an equivalent course, or permission of instructor. Offered fall.

323 Intermediate Microeconomics (3)

Theory of consumer behavior, the firm, market equilibrium, general equilibrium, imperfect competition, optimization over time, and linear models. Models of microeconomics are developed using calculus and linear algebra. (Lec. 3) Pre: 201, 202 and MTH 131 or 141. Offered spring.

324 Intermediate Macroeconomics (3)

Theory of consumption, investment, monetary and fiscal policy, static and dynamic models, economic growth, unemployment, and inflation. Macroeconomics developed using calculus and linear algebra. (Lec. 3) Pre: 201, 202 and MTH 131 or 141. Offered fall.

327 Intermediate Economic Theory: Income and Employment (3)

Measurement of national income. Theory of the determination of the general level of income, employment, and prices. Business fluctuations. (Lec. 3) Pre: 202 or 590 or permission of instructor. Not available for credit for students who have taken 324.

328 Intermediate Economic Theory: Pricing and Distribution (3)

Market conditions and forces affecting the pricing and production of goods and services, the allocation of resources, and the distribution of income. (Lec. 3) Pre: 201 or permission of instructor. Not available for credit for students who have taken 323.

334 Money and Banking (3)

Structure and functioning of monetary institutions. Analyses of monetary theories. The role of monetary policy. U.S. banking structure: its operations and functioning. (Lec. 3) Pre: 201 or permission of instructor. Offered fall.

337 Industrial Organization and Public Policy (3)

Historical and present attitudes and policies of various levels of government toward the changing structure of American business. Emphasis on legal and economic concepts of business activity. (Lec. 3) Pre: 201 or 202 or permission of instructor. Offered spring in alternate years. Next offered 2008-09.

338 International Economics (3)

Theory and evidence on international trade and finance. Includes determinants and welfare effects of foreign trade, international investment, migration, exchange rates, and the balance of payments. (Lec. 3) Pre: 100 or 201 or permission of instructor. Offered spring.

342 Public Finance (3)

Examination of the theory and practice of public expenditures, revenues, and fiscal policy with major emphasis on federal fiscal affairs. (Lec. 3) Pre: 201 or 202 or permission of instructor.

344 (or PSC 344) International Financial Economics (3)

History, theory, and politics of the international financial system. Topics include the foreign exchange market, international banking, macroeconomic stabilization under fixed and floating exchange rates, exchange rate reform, and the global debt crisis. (Lec. 3) Pre: 100 or 202 or permission of instructor.

351, 352 Assigned Work (3 each)

Special work in economics when it can be arranged to meet the needs of individual students who desire independent work. (Independent Study) Pre: 201 or 202 or permission of instructor. S/U credit.

360 Health Economics (3)

Economic analysis of health services. Topics include demand and supply in markets for health care and insurance, government regulation, and performance of national health systems. (Lec. 3) Pre: 201. Offered fall of alternate years.

363 Economic Growth and Development (3)

Basic problems in economic growth and development of so-called backward or preindustrial countries. Emphasis on population trends, agrarian reforms, capital formation, international aid programs, respective roles of private and public enterprise. (Lec. 3) Pre: 201 or 202 or permission of instructor. Offered fall.

368 Labor Economics (3)

Impact of industrialization on workers; survey of the basic principles of labor market organization and operation; unemployment and remedies; wage determination under union and nonunion conditions. (Lec. 3) Pre: 201 and 202. Offered spring.

371 Economics in Islamic Societies (3)

Principles of Islamic economic systems, private property, and the market. Freedom of enterprise and role of the state. Comparison with capitalism and socialism. Pre: 201, 202 or permission of instructor. Offered spring.

375 Introduction to Quantitative Methods I (3)

Mathematical techniques used in modern economic theory. Linear algebra, the calculus of several variables, constrained maximization, and differential equations. Application to economic problems. (Lec. 3) Pre: 201 and 202 and MTH 131 or 141, or permission of instructor. Offered spring.

376 Introduction to Econometrics (4)

Application of econometric methods to economic problems. Econometric tools applied to micro- and macroeconomic problems. (Lec. 3, Lab. 2) Pre: 201 or permission of instructor. Offered fall.

381 Radical Critiques of Contemporary Political Economy (3)

Radical right and radical left critiques. Radical views on values, methodology, production planning, income distribution, economic power, the military-industrial complex, imperialism, and racial and sexual discrimination. (Lec. 3) Pre: 202 or permission of instructor. (S) [D]

385 Economic Development of the United States (3)

Developmental factors in American economic life introduce students to the past and present business environment. (Lec. 3) Pre: 201 or permission of chairperson.

386 The Economics of Race, Gender, and Class (3)

An economic examination of the historical interrelations of race, class, and gender issues in the United States. (Lec. 3) Pre: 100 or 201 or permission of instructor. Offered fall.

402 Urban Economics (3)

Analysis of selected economic problems of urban areas. Development of methodological approaches through discussion of policy issues. (Lec. 3) Pre: 201 or 202 or permission of instructor.

415 Environmental Harms and Sanctions (3)

Political economic analysis of criminal, civil, and administrative regulation and law in an ecological context. Topics include hazardous waste, environmental justice, wilderness preservation, and global issues. Pre: junior or senior standing.

444 Applied Research in Economics (3)

The application of economic theory, econometrics, and computing to specific problems. Emphasis on formulation of hypotheses in mathematical form, transformation into forms suitable for empirical testing, testing using the computer, report writing, and oral presentation. (Lec. 3) Pre: 323, 324, and 376.

445 Senior Research Project (3)

Collaborative group research under guidance of department member. Topic jointly selected by members of group, subject to faculty approval. Written report required. (Independent Study) Pre: final semester for majors in the economics B.A .and B.S. applied programs. Not for graduate credit.

480 Seminar in Labor Studies

See Labor Studies 480.

515, 516 Economic Research (1-3 each)

Independent research. (Independent Study) S/U credit.

526 Economics of Labor Markets

See Labor and Industrial Relations 526.

527 Macroeconomic Theory

See Environmental Economics 527.

528 Microeconomic Theory

See Environmental Economics 528.

534 Information Sources and Uses in Labor Relations and Labor Economics

See Labor and Industrial Relations 534.

576 Econometrics

See Environmental Economics 576.

590 Principles of Economics (3)

Survey of micro- and macroeconomic theory. (Lec. 3) Pre: graduate standing in accounting, labor and industrial relations, or M.B.A. program.

628 Advanced Microeconomic Theory I

See Environmental Economics 628.

676 Advanced Econometrics

See Environmental Economics 676.

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