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Changes in the Numbering of Principles Courses
In the 1990's, the principles sequence was altered several times. The biggest change was in Fall of 1994 when principles of micro was moved from the second course in the sequence to the first course in the sequence. The table below shows the numbering changes made by the department in the 1990's.
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Current
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Fall 1997 - Summer 2000
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Fall 1994 to Summer 1997
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Prior to Fall 1994
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Microeconomics
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2610
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610
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530
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621
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Macroeconomics
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2630
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630
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630
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520
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Principles III
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632
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631, 632
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622
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Changes in the Statistics Requirement
| Starting Fall, 2008 |
3790 (5 sh) |
| Fall, 2000 - Summer, 2008 |
3780 (4 sh), 3781 (1 sh) |
| Fall, 1989 - Summer, 2000 |
624 (4 qh), 705 (4 qh) |
General Education Courses - Social Science
The following have been approved as General Education courses in the domain of Social Science:
Econ 1501 Economics in Action
Econ 1502 Panic and Prosperity, US Economic Policy Since the Great Depression
Econ 1503 Rich and Poor, Diversity and Disparity in the U.S. Workplace
Econ 2610 Principles of Microecomonics
Econ 2630 Principles of Macroeconomics
Social Science General Education credit can only be given for one of the following: 1501, 1502, 1503, or 2610.
Lower Division Courses
1501. Economics in Action
An introduction to the United States' economic system and institutions through the examination of current economic problems. Not applicable for a major or minor in economics. 3 s.h.
1502. Panic and Prosperity, U.S. Economic Policy Since the Great Depression
Examines the crises and successes of the American economy since 1929, and how the economic policies of different presidential administrations affected the lives of U.S. citizens. Not applicable towards a major or minor in economics. 3 s.h.
1503. Rich and Poor: Diversity and Disparity in the U.S. Workplace
Examines how labor markets determine the distribution of income and the dramatic changes in the composition of the American labor force. Explores such issues as the widening gap between low and upper income groups, the characteristics of the poor, affirmative action, the glass ceiling, the mommy track, and family-friendly working environments. Not applicable towards a major or minor in economics. 3 s.h.
1504. Economics of Aging
An introduction to the economic consequences of an aging population and the economic status of the aged. Topics include income adequacy in old age, retirement decisions, retirement income planning, social security income, employer-sponsored pensions, and financing health care. Not applicable towards a major or minor in economics. Prereq: ECON 1501 or GERO 1501. 3 s.h.
2610. Principles 1
An introduction to the theory of markets, including the behavior of consumers and the conduct of private and public business enterprise. The effects of monopoly and competition on private and social welfare. The role of government in promoting the economic welfare of consumers, workers, and minorities. Prereq.: MATH 1501, or a level 3 or higher score on the math placement exam. 3 s.h.
2630. Principles 2
Studies of growth, inflation, and unemployment at the national level and the performance of the U.S. economy in the global setting. The impacts of national economic policies on individual and social welfare. An extensive discussion and evaluation of the U.S. banking system and its effects on individuals and businesses. Prereq: ECON 2610. 3 s.h.
3701. Money and Banking
Organization and operation of commercial banking in the United States; central banking under the Federal Reserve System; basic theory. Monetary policy as a determinant of national income. Prereq.: ECON 2630. 3 s.h.
3702. Public Finance
The development and present status of public finance; federal, state and local expenditures and taxation; theories of tax incidence, axioms of taxation, theories in justification and government spending; tax reform. Study of the techniques of fiscal policy with emphasis on its role as a determinant of the level of national income. Prereq.: ECON 2610. 3 s.h.
3705. Environmental and Resource Economics
Application of economic theory to environmental problems, analysis of policy alternatives for pollution abatement, and the conservation of exhaustible resources. Determination of efficient management of local and national pollution levels, including air, water, and toxic substances. Possible economic consequences associated with global warming. Prereq: ECON 1501 or 2610. 3 s.h.
3710. Intermediate Microeconomic Theory
A systematic analysis of the theory of demand and the theory of the firm: production input and output choices, and some basic concepts of linear programming. An intensive analysis of the theory of the firm: competitive pricing, monopoly pricing, pricing in imperfect competition; and the theory of rent, profits, interest and wages. Prereq.: ECON 2610, and either MATH 1549, 1552, 1570, or 1571. 3 s.h.
3712. Intermediate Macroeconomic Theory
The construction of national income and production accounts and the basic determinant of income, output, and employment. Determination of the level of employment, interest, and money through the classical versus Keynesian aggregate economics. Prereq.: ECON 2630 and either MATH 1549, 1552, 1570, or 1571. 3 s.h.
3720. Comparative Economic Systems
An examination of the recent world-wide trend toward free market economy, giving particular attention to basic processes such as resource allocation and product distribution. Frequent references are made to the failure of Socialism in the USSR and the new approach in Russia, Eastern Europe and China toward market economies. Prereq.: ECON 1501 or 2630. 3 s.h.
3724. Public Budgeting
Study of the politics, theory, and techniques of public budgeting. Includes the process of budget preparation, adoption, and execution. Topics include debt management and capital budgets. (This course is cross-listed with Political Science 3724). Prereq: POLIT 3720. 3 s.h.
3790. Statistics for Business and Economics
Introduction to statistical methods in data analysis and forecasting. Topics include descriptive statistics, probability, hypothesis testing, regression analysis, ANOVA and time series analysis. Practical application of statistical procedures is incorporated into regularly scheduled computer workshops. Prereq.: MATH 1549, 1552, 1570, or 1571. 5 s.h.
4810. Managerial Economics
An application of economic analysis to business problems. Emphasis upon executive decisions for the allocation of resources. Prereq.: ECON 2610. 3 s.h.
4843. Economics of Poverty, Discrimination and Transfer Programs
Causes of poverty and income inequality and the analysis of the policy options for reducing poverty. Quantification of the dimensions of poverty, the evaluation of the effectiveness of training programs, the effects of antipoverty programs on the behavior of recipients, and the affirmative action debate. Prereq.: ECON 2610. 3 s.h.
4855. Health Economics
Application of basic principles to the study of the health care industry. Topics include the supply and demand of medical care, the effects of private and public insurance on the health care industry, trends in health care costs, public policies to equalize access to medical care and the dilemma caused by the improvement in life-sustaining technology. Prereq.: ECON 2610. 3 s.h.
4860. Selected Topics in Economics
Advanced study of selected topics in economic analysis and issues in economic policy. May be repeated once with different topic. Prereq.: ECON 2610 and ECON 2630. 3 s.h.
4870. Economic Internship
The practical application of economic knowledge and statistical skills in the workplace. Students assist professionals in various kinds of industrial, financial, and public service organizations. Prereq.: By permit only, minimum GPA 2.5. 3 s.h.
4880. Analysis of Economic Problems
The application and extension of the student's skills in economic analysis and statistical techniques to economic issues. The course covers sources of data, exploratory data techniques, matching of data and statistical tests, interpretation and presentation of the results. Students demonstrate their command of research techniques by the completion of a research paper and its oral presentation. Topics to be determined. Prereq.: ECON 3710, 3712, and either 3780 or 3790. 3 s.h.
4898. Graduate Study in Selected Economic Topics
For undergraduates taking courses in the MA in Economics program for credit towards an undergraduate degree. Credit earned cannot be later applied to a graduate degree. The student must meet the criteria for undergraduate students taking graduate coursework listed in the Graduate Bulletin. May be repeated with different graduate courses. Prereq.: A minimum of 20 hrs. of coursework in economics at the 2600 level and above, permission of the chair, junior standing. 3 s.h.
4899. Individual Study in Economics
Individual study of a topic, area, or problem requiring in-depth reading, and a written project. May be repeated once with a different topic, area, or problem. Prereq.: Junior or senior standing, by permit only. 1-4 s.h.
5801. Economics of Industrial Organization
A systematic analysis of the structure, conduct, and performance of American industry. A quantitative analysis plus a comprehensive review of theoretical models of the market, firm behavior, and performance. Prereq.: ECON 2610. 3 s.h.
5806. History of Economic Thought
Designed to provide students with an understanding of the development of economic ideas to include: Mercantilism, Physiocrats, the English Classical School, Utilitarianism, early Social Thought, Karl Marx, the German Historical School, Institutionalists and the Keynesian School. Prereq.: ECON 2630. 3 s.h.
5809. Current Problems in Money, Banking, and Financial Markets
The financial market system, including money and capital markets. Current problems associated with trends in theory and practice. Theories of the interest rate and monetarism. Prereq.: ECON 3701 or consent of instructor. 3 s.h.
5811. International Trade
Theories of international trade and specialization; free trade vs. protectionism; tariff and non-tariff barriers to international trade; international balance of payments and its components; the role of multinational enterprises in contemporary trade pattern; regional economic integrations and world trade; U.S. commercial policies. Prereq.: ECON 2630. 3 s.h.
5812. International Finance
Theories of foreign exchange and capital movements, international payments, analysis of spot and forward foreign exchange markets, foreign exchange market arbitrage, speculation, and risk hedging. The Bretton Woods agreement and the contemporary international monetary system. The rise of international organizations and multinational enterprises in the international economy. Prereq.: ECON 2630. 3 s.h.
5822. Urban and Regional Economics
Economic analysis of the problems of urbanized areas and the causes of the growth or decline in economic activity in small-area economics. Topics include benefit-cost analysis, economic base analysis, input-output applications, and the theory of location and agglomeration. Prereq.: ECON 2610. 3 s.h.
5824. Applied Time Series Analysis of Economic and Business Data
An in-depth analysis of time series models and their applications to problems in economics and business. Emphasis on forecasting. Extensive use of standard computer programs. Prereq.: ECON 2610 and and either ECON 3780 or ECON 3790 or STAT 5817. 3 s.h.
5831. Labor Markets and the Economics of Unions
Economic theory and analysis of labor as an input in the resource market; principles, labor problems, public policy; theories of the development of the labor movement; economic objectives of trade unions; problems in public control. Prereq.: ECON 2610. 3 s.h.
5853. Applied Econometrics
The practice of econometrics with emphasis on model construction, estimation, and interpretation of results. Applications in the private and public sectors involve the use of computers and econometric software. Prereq.: ECON 2630 and either ECON 3780 or 3790 or equivalent. 3 s.h.
5856. Topics in Quantitative Economics
Application of different tools of mathematical economics, computational economics, and econometrics in conjunction with economic theory to model economic problems of firms, consumers, financial institutions, and public sectors. Specific content of the course will vary with the instructor. May be repeated once with a different topic. Prereq.: ECON 3780 or 3790 or equivalent. 3 s.h.
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