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| Economics (Econ) |
 |
Bagheri, Biederman,
Blackwell, Chen, Flynn, Goenner, Hagen, Mialon,
O’Neill (Chair), Owens, and da Silva
Economics
is the study of how scarce resources are mobilized
to meet the economic goals of individuals, businesses,
organizations, governments and societies. The
study of Economics is typically divided into
two parts: macroeconomics (or aggregate economic
analysis) studies economics from a broad-based
perspective, including problems and issues such
as unemployment, inflation and economic growth;
microeconomics studies economics in terms of
individual components, including problems and
issues such as product pricing,
competition, regulation and international trade.
Students of Economics can expect to become familiar
with key economic concepts and laws which give
them an analytical perspective that is unique
to this discipline, but is of great importance
to individuals and to society.
The mission of the Economics Faculty falls into
several important and interdependent areas. The
faculty offers a curriculum that reflects the
current state of knowledge and skills used by
professional economists and that fosters an understanding
of the workings of modern economies, whether
at regional, national or international levels.
The Economics Faculty carries out research objectives,
consistent with those reported by the University
and the College of Business and Public Administration,
by completing research leading to publication
in professional journals and other research outlets;
and, as needed, by providing service-related
and contracted research to the city, region and
state. The Economics Faculty provides services
to the college, university, community, region,
the state and professional organizations. This
includes: committee service, provision of appropriate
expertise in matters relevant to the economics
profession; memberships in civic organizations;
memberships in professional organizations as
well as other relevant service related activities.
All programs in Economics include the necessary
undergraduate economics courses for students who
intend to pursue graduate level study. In addition,
the major in Business Economics and the major in
Economics offer a quantitative track which is recommended
for students preparing for graduate study in Economics
or Actuarial Science. In addition to the aforementioned
undergraduate degrees, the Economics faculty offers
a Masters of Science in Applied Economics degree.
Please see the graduate section of the catalog
for more information.
College of Business and Public Administration
B.B.A.
WITH MAJOR IN BANKING AND FINANCIAL
ECONOMICS |
The Economics Faculty together with other
faculty in the College of Business and
Public Administration offer a major in
Banking and Financial Economics that
is intended to prepare students for employment
with financial institutions and government.
The major is comprised of a comprehensive
curriculum that provides a background
in basic business, economic theory, the
principles and practices of banks and
other financial institutions, bank regulation,
macroeconomic policy and international
finance. Experience has shown the graduates
of this program are prepared to immediately
function in highly responsible positions
in financial institutions and regulatory
agencies. |
All B.B.A. candidates must fulfill the
College of Business and Public Administration
degree requirements. |
Required 125 credits (36 of which must
be numbered 300 or above, and 60 of which
must be from a 4-year institution) including: |
| |
I. |
General Education Requirements (see University
GER listing: 39 credit hours). |
| |
|
The following are required by CoBPA (12
credit hours) |
| |
|
Comm 110 |
Fundamentals of Public Speaking |
(3) |
| |
|
Math 103 |
College Algebra |
(3) |
| |
|
Math 146* |
Applied Calculus I |
(3) |
| |
|
Pols 115 |
American Government I |
(3) |
| |
|
*Math 165, Calculus I, may be substituted
for Math 146. |
| |
|
Also, one of the following as required
by CoBPA (3 credit hours) |
| |
|
Anth 171 |
Introduction to Anthropology |
(3) |
| |
|
Psyc 111 |
Introduction to Psychology |
(3) |
| |
|
Soc 110 |
Introduction to Sociology |
(3) |
| |
II. |
College of Business and Public Administration
Core Requirements (40 credit hours) |
| |
|
Acct 200 |
Elements of Accounting I |
(3) |
| |
|
Acct 201 |
Elements of Accounting II |
(3) |
| |
|
Acct 315 |
Business in the Legal Environment |
(3) |
| |
|
Econ 201* |
Principles of Microeconomics |
(3) |
| |
|
Econ 202* |
Principles of Macroeconomics |
(3) |
| |
|
Econ 210** |
Introduction to Business and Economic Statistics |
(3) |
| |
|
Econ 303 |
Money and Banking |
(3) |
| |
|
ISys 117 |
Personal Productivity with Information
Technology |
(1) |
| |
|
ISys 317 |
Information Systems in Enterprise |
(3) |
| |
|
Fin 310 |
Principles of Finance |
(3) |
| |
|
Mgmt 300 |
Principles of Management |
(3) |
| |
|
Mgmt 301 |
Operations Management |
(3) |
| |
|
Mgmt 475 |
Strategic Management |
(3) |
| |
|
Mrkt 305 |
Marketing Foundations |
(3) |
| |
|
* |
This
course satisfies part of the GER Social
Sciences requirement. |
| ** |
This
course satisfies part of the GER Math,
Science, and Technology requirement. |
|
| |
III. |
Required Major Courses (25 credit hours): |
| |
|
Acct 301* |
Intermediate Accounting I |
(4)
|
| |
|
Econ 305 |
Principles of Banking |
(3) |
| |
|
Econ 308 |
Intermediate Microeconomic Theory |
(3) |
| |
|
Econ 309 |
Intermediate Macroeconomic Theory and Policy |
(3) |
| |
|
Econ 405 |
Bank Regulation |
(3) |
| |
|
Econ 438 |
International Money and Finance |
(3) |
| |
|
Fin 340 |
Intermediate Financial Management |
(3) |
| |
|
Fin 350 |
Financial Statement Analysis |
(3) |
| |
|
* |
Banking
and Financial Economics majors are
exempt from the Acct 218 prerequisite. |
|
| |
IV. |
Elective Major Courses: Choose at least
9 credit hours from the following: |
| |
|
Acct 302 |
Intermediate Accounting II |
(3)
|
| |
|
Econ 338 |
International Economics |
(3) |
| |
|
Econ 355 |
Government Regulation of Business |
(3) |
| |
|
Econ 395** |
Special Topics in Economics |
(1-3) |
| |
|
Econ 397* |
Cooperative Education |
(1-4) |
| |
|
Econ 409 |
Current Issues in Macroeconomic Policy |
(3) |
| |
|
Econ 410 |
Empirical Methods in Economics I |
(3) |
| |
|
Econ 411 |
Empirical Methods in Economics II |
3) |
| |
|
Econ 414 |
Managerial Economics |
(3) |
| |
|
Econ 416 |
Mathematics for Economists |
(3) |
| |
|
Econ 497* |
Internship |
(1-4) |
| |
|
Fin 321 |
Real Estate Finance and Investment |
(3) |
| |
|
Fin 324 |
Real Estate Appraisal |
(3) |
| |
|
Fin 360 |
Capital Market Financing and Investment
Strategies |
(3) |
| |
|
Fin 420 |
Investment Analysis and Portfolio Management |
(3) |
| |
|
Fin 460 |
Management of Financial Institutions |
(3) |
| |
|
Fin 491** |
Senior Topics in Finance |
(1-3) |
| |
|
* |
No
more than 4 hours of electives from
Econ 397 and 497 may count toward the
elective major courses. |
| ** |
Approval
of the department required. |
|
B.B.A. WITH MAJOR IN BUSINESS ECONOMICS
The
major in Business Economics is offered
through the College of Business and Public
Administration. This program emphasizes
the business firm — integrating economics
with related areas in marketing, management,
accounting, finance, and quantitative analysis.
Students who complete a major in Business
Economics possess a comprehensive background
in the basic foundations of a business
as well as the analytical skills in economics
increasingly required to be successful
in the business world at local, regional,
national and international levels.All B.B.A.
candidates must fulfill the College of
Business and Public Administration degree
requirements.
All B.B.A. candidates must fulfill the
College of Business and Public Administration
degree requirements.
Required 125 credit hours (36 of which
must be numbered 300 or above, and 60 of
which must be from a 4-year institution) including: |
| |
I. |
General Education Requirements (see University
GER listing: 39 credit hours). |
| |
|
The following are required by CoBPA (12
credit hours) |
| |
|
Comm 110 |
Fundamentals of Public Speaking |
(3) |
| |
|
Math 103 |
College Algebra |
(3) |
| |
|
Math 146* |
Applied Calculus I |
(3) |
| |
|
Pols 115 |
American Government I |
(3) |
| |
|
*Math 165, Calculus I, may be substituted
for Math 146. |
| |
|
Also, one of the following as required
by CoBPA (3 credit hours) |
| |
|
Anth 171 |
Cultural Anthropology |
(3) |
| |
|
Psyc 111 |
Introduction to Psychology |
(3) |
| |
|
Soc 110 |
Introduction to Sociology |
(3) |
| |
II. |
College of Business and Public Administration
Core Requirements (40 credit hours): |
| |
|
Acct 200 |
Elements of Accounting I |
(3)
|
| |
|
Acct 201 |
Elements of Accounting II |
(3) |
| |
|
Acct 315 |
Business in the Legal Environment |
(3) |
| |
|
Econ 201* |
Principles of Microeconomics |
(3) |
| |
|
Econ 202* |
Principles of Macroeconomics |
(3) |
| |
|
Econ 210** |
Intro to Business and Economic Statistics |
(3) |
| |
|
Econ 303 |
Money and Banking |
(3) |
| |
|
ISys 117 |
Personal Productivity with Information
Technology |
(1) |
| |
|
ISys 317 |
Information Systems in Enterprise |
(3) |
| |
|
Fin 310 |
Principles of Finance |
(3) |
| |
|
Mgmt 300 |
Principles of Management |
(3) |
| |
|
Mgmt 301 |
Operations Management |
(3) |
| |
|
Mgmt 475 |
Strategic Management |
(3) |
| |
|
Mrkt 305 |
Marketing Foundations |
(3) |
| |
|
* |
This
course satisfies part of the GER Social
Sciences requirement. |
| ** |
This
course satisfies part of the GER Math,
Science, and Technology requirement. |
|
| |
III. |
Required Major Courses (15 credit hours): |
| |
|
Econ 308 |
Intermediate Microeconomic Theory |
(3)
|
| |
|
Econ 309 |
Intermediate Macroeconomic
Theory & Policy |
(3) |
| |
|
Econ 338 |
International Economics |
(3) |
| |
|
Econ 410 |
Empirical Methods in Economics I |
(3) |
| |
|
Econ 414 |
Managerial Economics |
(3) |
| |
IV. |
Elective Major Courses: Choose from either
Option A, Option B, or a 12 credit hour combination
from Options A and B below. |
| |
|
Option A - Choose at least 12 credit hours
from the following: |
| |
|
Econ 305 |
Principles of Banking |
(3) |
| |
|
Econ 324 |
Public Finance |
(3) |
| |
|
Econ 330 |
Business and Economic History |
(3) |
| |
|
Econ 341 |
Labor Economics and Labor Relations |
(3) |
| |
|
Econ 355 |
Government Regulation of Business |
(3) |
| |
|
Econ 380 |
Global Economic Development |
(3) |
| |
|
Econ 395 |
Special Topics in Economics |
(1-3) |
| |
|
Econ 397* |
Cooperative Education |
(1-4) |
| |
|
Econ 400 |
History of Economic Thought |
(3) |
| |
|
Econ 405 |
Bank Regulation |
(3) |
| |
|
Econ 409 |
Current Issues in Macroeconomic Policy |
(3) |
| |
|
Econ 411 |
Empirical Methods in Economics II |
(3) |
| |
|
Econ 416 |
Mathematics for Economists |
(3) |
| |
|
Econ 438 |
International Money and Finance |
(3) |
| |
|
Econ 489 |
Senior Honors Thesis |
(1-8) |
| |
|
Econ 495* |
Readings in Economics |
(1-3) |
| |
|
Econ 496* |
Research in Economics |
(1-3) |
| |
|
Econ 497* |
Internship |
(1-4) |
| |
|
Econ 575 |
Adv ST: Health Economics |
(3) |
| |
|
* |
No
more than 6 credit hours of electives
from Econ 397, 495, 496, and 497 may
count toward the elective major courses. |
|
| |
|
Option B (Quantitative Option)* - Choose
12 credit hours from the following: |
| |
|
Econ 411 |
Empirical Methods in Economics II |
(3) |
| |
|
Econ 416 |
Mathematics for Economists |
(3) |
| |
|
Math 165 |
Calculus I |
(4) |
| |
|
Math 166 |
Calculus II |
(4) |
| |
|
Math 265 |
Calculus III |
(4) |
| |
|
Math 266 |
Elementary Differential Equations |
(3) |
| |
|
Math 327 |
Applied Linear Algebra |
(3) |
| |
|
Math 465 |
Operations Research |
(3) |
| |
|
* |
Students
seeking to prepare for graduate school
in Economics are advised to choose
Option B. |
|
B.A. WITH MAJOR IN ECONOMICS
The major in Economics provides a critical
examination of how the economic system
works in the United States and throughout
the world. The introductory courses are
surveys of economic problems, policies,
and theory; the required courses in micro
theory and macro theory give a deeper analytical
foundation. Electives permit further study
in a wide range of fields, including international
trade and finance, public sector economics,
economic development, economic history,
capital theory and finance, labor economics,
income distribution, political economy,
financial markets, and public policy analysis.
The major in Economics provides a general
background that is useful to those planning
careers in law, government service, or
business, as well as those planning careers
as professional economists. Professional
economists work as college professors,
as researchers for government agencies,
in businesses and consulting firms, and
as administrators and managers in a wide
range of fields. |
Required 125 credits (36 of which must
be numbered 300 or above and 60 of which
must be from a 4-year institution) including: |
| |
I. |
General Education Requirements (see University
GER listing: 39 credit hours) |
| |
II. |
Required Major Courses (24 credit hours): |
| |
|
Econ 201* |
Principles of Microeconomics |
(3)
|
| |
|
Econ 202* |
Principles of Macroeconomics |
(3) |
| |
|
Econ 210** |
Introduction to Business & Economic
Statistics |
(3) |
| |
|
Econ 303 |
Money and Banking |
(3) |
| |
|
Econ 308 |
Intermediate Microeconomic Theory |
(3) |
| |
|
Econ 309 |
Intermediate Macroeconomic
Theory & Policy |
(3) |
| |
|
Econ 338 |
International Economics |
(3) |
| |
|
Econ 410 |
Empirical Methods in Economics I |
(3) |
| |
|
* |
This
course satisfies part of the GER Social
Sciences requirement. |
| ** |
This
course satisfies part of the GER Math,
Science, and Technology requirement. |
|
| |
III. |
Elective Major Courses: Choose from either
Option A, Option B, or a 12 credit hour combination
from Options A and B below. |
| |
|
Option A - Choose at least 12 credit hours
from the following: |
| |
|
Econ 305 |
Principles of Banking |
(3) |
| |
|
Econ 324 |
Public Finance |
(3) |
| |
|
Econ 330 |
Business and Economic History |
(3) |
| |
|
Econ 341 |
Labor Economics and Labor Relations |
(3) |
| |
|
Econ 355 |
Government Regulation of Business |
(3) |
| |
|
Econ 380 |
Global Economic Development |
(3) |
| |
|
Econ 395 |
Special Topics in Economics |
(1-3) |
| |
|
Econ 397* |
Cooperative Education |
(1-4) |
| |
|
Econ 400 |
History of Economic Thought |
(3) |
| |
|
Econ 405 |
Bank Regulation |
(3) |
| |
|
Econ 409 |
Current Issues in Macroeconomic Policy |
(3) |
| |
|
Econ 411 |
Empirical Methods in Economics II |
(3) |
| |
|
Econ 414 |
Managerial Economics |
(3) |
| |
|
Econ 416 |
Mathematics for Economists |
(3) |
| |
|
Econ 438 |
International Money and Finance |
(3) |
| |
|
Econ 489 |
Senior Honors Thesis |
(1-8) |
| |
|
Econ 495* |
Readings in Economics |
(1-3) |
| |
|
Econ 496* |
Research in Economics |
(1-3) |
| |
|
Econ 497* |
Internship |
(1-4) |
| |
|
Econ 575 |
Adv ST: Health Economics |
(3) |
| |
|
* |
No
more than 6 credit hours of electives
from Econ 397, 495, 496, and 497 may
count toward the elective major courses. |
|
| |
|
Option B (Quantitative Option)* - Choose
12 credit hours from the following: |
| |
|
Econ 411 |
Empirical Methods in Economics II |
(3) |
| |
|
Econ 416 |
Mathematics for Economists |
(3) |
| |
|
Math 165 |
Calculus I |
(4) |
| |
|
Math 166 |
Calculus II |
(4) |
| |
|
Math 265 |
Calculus III |
(4) |
| |
|
Math 266 |
Elementary Differential Equations |
(3) |
| |
|
Math 327 |
Applied Linear Algebra |
(3) |
| |
|
Math 465 |
Operations Research |
(3) |
| |
|
* |
Students
seeking to prepare for graduate school
in Economics are advised to choose
Option B. |
|
MINOR IN ECONOMICS
Students
who are interested in obtaining a basic
background in Economics to complement
their chosen major course of study may
elect a minor in Economics
offered
through the College of Arts
and Sciences. |
Required courses (20 credit hours): |
| |
|
Econ 201 |
Principles of Microeconomics |
(3) |
| |
|
Econ 202 |
Principles of Macroeconomics |
(3) |
| |
|
Econ 303 |
Money and Banking |
(3) |
| |
|
Econ 308 |
Intermediate Microeconomic Theory |
(3) |
| |
|
Econ 309 |
Intermediate Macroeconomic
Theory & Policy |
(3) |
| |
|
Economics Electives |
(5) |
Courses
105. Elements of Economics. 3 credits. Survey
of Economic principles for students planning no
further formal study of Economics. Analysis of
factors influencing aggregate levels of output,
employment, and prices; introduction to U.S. monetary
system; price determination and resource allocation
under competitive and monopolistic conditions.
Review of selected contemporary economic issues.
(No credit if Economics 201-202, Principles of
Microeconomics and Macroeconomics, have been completed
or audited. Not available to students in the College
of Business and Public Administration.) F,S
201. Principles of Microeconomics. 3 credits.
Open to freshmen. Pre- or corequisite: Math 103.
Nature, method, and scope of Economic analysis:
economic scarcity, resources, specialization and
division of labor, supply and demand, production
and cost, technology, product and resource market
structures, distribution of income, and international
trade. F,S
202. Principles of Macroeconomics. 3 credits.
Prerequisite: Econ 201. Nature, method, and scope
of economic analysis: aggregate levels of income
and employment, inflation, monetary and fiscal
policy, the role of the U.S. economy as part of
a world economic system.
206. Survey of Economic Principles: Micro-Macro. 4 credits. Prerequisite: consent of instructor.
Accelerated course in economic principles intended
for students pursuing the MBA graduate degree.
This course considers both micro and macro topics.
Micro topics include: Economics and Economic Reasoning;
The Economic Organization of Society; Supply-Demand
Analysis; Elasticity; Individual Choice; Production
and Cost Analysis; and Market Structures. Macro
topics include: National Income Accounting; Economic
Growth, Business Cycles and Inflation; Fiscal Policy;
Monetary Economics; Monetary Policy; and the World
Economy. On Demand.
210. Introduction to Business and Economic
Statistics. 3 credits. Prerequisite: Math 103 or
104, or equivalent. Descriptive statistics; probability
distributions; sampling distributions; statistical
inference for means and proportions; hypothesis
testing; simple regression and correlation; non-parametric
statistics. F,S
216. Mathematics and Statistics for MBA
Students. 3 credits. Prerequisite: Approval of MBA director.
To provide knowledge in mathematics and statistics
needed for students in the MBA program. Topics
include, among others, linear and quadratic functions,
logarithmic and exponential functions, matrix algebra,
limits, derivatives, linear and nonlinear programming,
descriptive statistics, data collection, sampling,
probability, estimation, hypothesis testing, statistical
inference, and linear regression. SS
303. Money and Banking. 3 credits. Prerequisite:
Econ 201 and 202. Nature of our current Monetary
system; functional analysis of commercial bank
operations; limits to credit expansion; alternative
theories of the value of money; monetary and fiscal
policies for control of the business cycle; powers
of the Federal Reserve System and the Treasury;
mechanics of international payment; balance-of-payments
and other problems. F,S
305. Principles of Banking. 3 credits. Prerequisite:
Econ 303. This course introduces the students to
basic principles of banking governing loans, investments,
deposits, liabilities, and capital. Consideration
is given to the areas of liquidity, profitability,
and capital adequacy as they relate to regulatory
standards. Additional topics include bank organization,
performance, and scope of services. F
308. Intermediate Microeconomic Theory. 3
credits. Prerequisite: Econ 201 and 202. Theory
of demand, production, and cost; price determination
under alternative market structures; general equilibrium
and economic welfare; analysis of market failure;
applications to public policy. (Core requirement
for students planning advanced study in Economics.)
F
309. Intermediate Macroeconomic Theory and
Policy. 3 credits. Prerequisite: Econ 201 and Econ
202. A framework for studying national income,
employment, and the general price level is developed.
Theoretical perspectives on the National Income
and Product accounts, expenditures in the public
and private sectors of the economy, and supply
and demand for money, labor and other resources
are surveyed. Macroeconomic Theory is then applied
to a study of monetary, fiscal, incomes, and other
policies intended to influence unemployment, inflation,
balance of international financial payments, and
economic growth. (Core requirement for students
planning advanced study in Economics.) S
324. Public Finance. 3 credits. Prerequisite:
Econ 201 and Econ 202. Growth and effects of the
public sector of the economy emphasizing effects
of taxation and spending or borrowing and debt
management on efficiency and use of economic resources.
F or S
330. Business and Economic History. 3 credits.
Prerequisites: Econ 105 or 201 or 202. An analysis
of the growth and development of the American economy
since its colonial origins. The framework of economic
analysis applied to the patterns and trends. Specific
topics include industrialization, capital accumulations,
financial innovation, technological change, banking,
the Great Depression and effects of entrepreneurial
and government decisions. F
338. International Economics. 3 credits. Prerequisite:
Econ 201 and 202. Economic basis for gain in international
trade; capital and population movements; international
disequilibrium and the process of balance-of-payments
adjustments; tariffs, underdeveloped countries.
F,S
341. Labor Economics and Labor Relations. 3 credits. Prerequisite: Econ 201 and 202. A survey
of the nature and causes of the economic problems
of the American wage and salary earner and of the
attempts of wage earners and society, through organizations
and legislation, to alleviate these problems. The
course comparatively surveys the history and systematic
theories of labor movements and the market and
institutional influences on wages and employment.
Particular emphasis will be placed on the law of
industrial relations, employment and income access,
and the adjustment of labor disputes. F
355. Government Regulation of Business. 3
credits. Prerequisite: Econ 201 and 202. An exploration
of the many ways that federal and state governments
regulate business activity. Government regulation
falls into three broad areas: economic regulation;
social regulation; antitrust laws. The historical
development of regulation, from both a legal and
economic perspective, will be discussed. Particular
attention will be paid to the current trend toward
deregulation of previously regulated industries
such as airlines, telecommunications, and trucking.
F
380. Global Economic Development. 3 credits.
Prerequisites: Econ 201 and 202. This course focuses
on economic development issues at the global level.
It covers both developing countries in the conventional
sense and economies in transition from socialism
to a market economy. In this context development
is broadly defined as the transition from one stage
of development to another. Selected topics common
among these countries (such as determinants of
growth, modernization, technology, price liberalization,
privatization, macro stabilization, trade policies,
legal structure, organized crime, inequality, poverty,
human capital, and global sustainability) are discussed
to better understand the forces that shape the
wealth and well being of nations and people in
the world around us. On demand.
395. Special Topics in Economics. 1-3 credits.
Prerequisite: Econ 201 and Econ 202. Specific topic
will vary from year to year; some years an important
development in economic theory, other years, a
significant issue in economic policy. On demand.
397. Cooperative Education. 1-4 credits. Repeatable
to 6 credits. Prerequisite: Permission of departmental
Cooperative Education Coordinator to enroll. A
practical work experience with an employer closely
associated with the student’s academic area.
S-U grading only. F,S
400. History of Economic Thought. 3 credits.
Prerequisite: Econ 105 or Econ 201 and 202. Broad
overview of the major schools of thought including
Mercantilist, Physiocrat, Classical, Marxian, Socialist,
Historical, Austrian, Neoclassical, Institutional,
Keynesian, and Monetarist. The coverage includes
value theory, income/expenditure theory, growth/development
theory, scientific method, scope and public policy.
S
405. Bank Regulation. 3 credits. Prerequisite:
Econ 303. The regulations imposed upon the banking
industry are examined at several levels: state,
federal, and global. Both the historical development
of banking regulation as well as current issues/controversies
are discussed. In addition, the banker’s
perspective of regulatory compliance is explored.
S
409. Current Issues in Macroeconomic Policy. 3 credits. Prerequisite: Econ 303. This course
focuses on the conduct of macroeconomic policy,
especially as it pertains to the operations and
functions of the nation’s financial system.
The two basic tools of macroeconomic policy — monetary
policy and fiscal policy — are studied from
historical, contemporary, and theoretical perspectives.
Emphasis is placed on recent developments in the
theory and practice of macroeconomic policy; special
emphasis is placed on the role of monetary policy
as it affects the operations of financial markets
and financial institutions. S
410. Empirical Methods in Economics I. 3 credits.
Prerequisites: Econ 201, 202 and 210. This course
is an introduction to econometrics, the joint area
of economics and statistics dealing with the application
of statistics to economic problems. The course
objectives are to acquire a basic understanding
of the theory and methods of econometrics and to
gain practical experience in utilizing these methods.
The students will use the tools developed in the
course in homework and written assignments so that
they can develop an insight to theory and its application.
F
411. Empirical Methods in Economics II. 3 credits.
Prerequisite: Econ 410. A continuation of Econ
410, but with a major emphasis on business and
economic forecasting. As with Econ 410, there is
a heavy emphasis on solving practical problems
of the major types common in the Economics profession.
S
414. Managerial Economics. 3 credits. Prerequisites:
Econ 210, 308; Math 146 or equivalent; ISys 217
or equivalent. A synthesis relating economic theory,
statistics, and mathematics to pricing, output,
and resource allocation decisions by business firms.
S
416. Mathematics for Economists. 3 credits.
Prerequisite: Econ 308 and 309; Math 146 or 165.
Study of mathematical methods in the areas of introductory
calculus and linear algebra, and their application
to economic analysis. Mathematical analysis of
static and dynamic equilibrium models, growth models,
distribution, production functions, cycles, activity
analysis, mathematical programming, and model building.
On demand.
420. Economic Education. 3 credits. Prerequisite:
Econ 105 or equivalent. Designed for students planning
to teach secondary social studies. Curriculum materials
and methods of teaching economics; techniques for
integrating economics into social studies curriculum.
On demand.
438. International Money and Finance. 3 credits.
Prerequisite: Econ 303. Identification of key international
financial concepts and analysis of their relationships
in the international money and capital markets;
determination of the balance of payments and exchange
rates; and examination of alternative organizations
of the international monetary system. F
489. Senior Honors Thesis. 1-8 credits. Repeatable
to 9. Prerequisite: Hon 401. Supervised independent
study culminating in a thesis. F,S,SS
495. Readings in Economics. 1-3 credits. Extensive
reading in the student’s field of specialization;
conference arranged with the instructor; written
reports to be submitted. F,S,SS
496. Research in Economics. 1-3 credits. Research
work and use of original documents; collecting
of material and preparing of special topics and
bibliographies; familiarizing the student with
government publications and other material available
for study of economic problems. F,S,SS
497. Internship. 1-4 credits. Prerequisite:
Permission of Department Committee on Internships.
An internship is designed to provide the student
with an opportunity for participating in a supervised
work experience directly related to the field of
training. Student will work closely with faculty
adviser in planning the internship with an approved
cooperating institution. S/U grading only. F,S,SS
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