Economics (ECON)


2000

ECON 2000 Principles of Microeconomics (3 credits)
An honors course, ECON 2001, is also available. Credit will not be given for both this course and ECON 2001, 2020 or 2030. Study of how households and firms make decisions and how they interact in specific markets; theories of production price determination, trade, externalities, and public goods.
ECON 2001 HONORS: Principles of Microeconomics (3 credits)
Same as ECON 2000, with special honors emphasis for qualified students. Credit will not be given for this course and ECON 2000.
ECON 2010 Principles of Macroeconomics (3 credits)
Prereq.: ECON 2000 or 2001. An honors course, ECON 2011, is also available. Credit will not be given for both this course and ECON 2011 or 2030. Study of economy-wide phenomena, including inflation, unemployment, the monetary system, economic growth, international trade and finance.
ECON 2011 [Not Offered] HONORS: Principles of Macroeconomics (3 credits)
Same as ECON 2010, with special honors emphasis for qualified students. Credit will not be given for this course and ECON 2010.
ECON 2030 Economic Principles (3 credits)
An honors course, ECON 2031, is also available. Credit will not be given for both this course and ECON 2000 or 2010 or 2020. Economic understanding of both micro- and macroeconomic principles; problems associated with monetary policy, fiscal policy, public finance, government and business, labor, international trade, economic growth, and comparative economic systems.
ECON 2031 [Not Offered] HONORS: Economic Principles (3 credits)
Same as ECON 2030, with special honors emphasis for qualified students.
ECON 2035 Money, Banking, and Macroeconomic Activity (3 credits)
Prereq.: ECON 2000 or 2001 and 2010 or 2011; or 2030. An honors course, ECON 2036, is also available. Credit will not be given for both this course and ECON 2036. Role of commercial banks, other financial institutions, and the central bank in affecting the performance of the economy; relationships of money and fiscal policy to prices, production, and employment; internal and external effects of U.S. fiscal and monetary policy.
ECON 2036 [Not Offered] HONORS: Money, Banking, and Macroeconomic Activity (3 credits)
Same as ECON 2035, with special honors emphasis for qualified students. Credit will not be given for this course and ECON 2035.

3000

ECON 3999 Independent Study: Economic Problems (1-3 credits)
May be taken for credit for a max. of 6 sem. hrs. For undergraduate students with a onlinepoint average of 3.00 or above. Independent economic research and study under the direction of a faculty member.

4000

ECON 4010 [Not Offered] The United StatesCIts Economic Growth (3 credits)
Prereq.: ECON 2000 and 2010; or 2030; or equivalent. The American economy; modern problems dealing with money and banking, taxation, labor, international trade, and American position in world affairs.
ECON 4020 [Not Offered] Comparative Economic Systems (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Theory and practice of economic systems: capitalism, socialism, and centrally planned economies.
ECON 4025 [Not Offered] The Russian Economy in the 20th Century (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Also offered as HIST 4126. Operation, growth, and performance of the Russian economy under the tsarist and Soviet regimes; perestroika (restructuring) under Gorbachev; current economic trends.
ECON 4030 [Not Offered] Development Economics (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Political, social, and technological factors affecting development of the third world.
ECON 4040 [Not Offered] Economic Development Policy (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Role of U.S. and other advanced industrialized countries in the economic development of Third World countries.
ECON 4050 [Not Offered] Economic Development of Europe (3 credits)
Prereq.: ECON 2000 and 2010; or 2030; or equivalent. Major elements in the economic development of resources, transportation, marketing, finance, labor, and economic policy.
ECON 4070 [Not Offered] Economic Growth (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Analysis of the determinants of economic growth through development of theoretical and empirical models of economic growth; discussion of both old and new growth theory and convergence of income levels across countries.
ECON 4075 [Not Offered] American Economic History to 1860 (3 credits)
See HIST 4075.
ECON 4076 [Not Offered] American Economic History, 1860 to the Present (3 credits)
See HIST 4076.
ECON 4110 Public Finance (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Economic theory applied to the private market and to the public sector; public goods, efficiency, voting, externalities, principles of taxation, benefit-cost analysis, and policy analyses of current issues.
ECON 4120 [Not Offered] Federal, State, and Local Taxation (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Administration, fiscal importance, and economic effects of federal, state, and loca taxes; emphasis on recent trends in taxation at each level of government and on significance of these trends for individuals and the nation.
ECON 4130 [Not Offered] Urban and Regional Economics (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Economic analysis of the location and growth of urban and regional areas; emphasis on public policy issues; land-use patterns, measurement and change in regional economic activity, and urban problems such as transportation, housing, and poverty.
ECON 4210 [Not Offered] Labor Economics (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Causes of economic problems of American wage earners; attempts of wage earners and society to alleviate and solve these problems through organization and legislation.
ECON 4220 Wage and Employment Analysis (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. The labor market; labor supply and demand, human capital, racial and sex discrimination, effects of minimum wage laws, causes of various wage and employment differentials.
ECON 4230 [Not Offered] Economics of Human Resources (3 credits)
Prereq.: ECON 2000 or 2030. Application of empirical research and economic theory to human resource management and internal labor market; topics include hiring, training, pay, promotion, evaluation, layoffs, and termination from an economic perspective.
ECON 4290 [Not Offered] SPORTS ECONOMICS (3.0 credits)
ECON 4320 Environmental Economics (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Market failure and government failure, benefit cost analysis, the economics of energy, the efficient allocation of pollution, stationary, and mobile source air pollution, water pollution, and toxic wastes.
ECON 4325 [Not Offered] Applied Resource Economics (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Analysis of environmental and resource problems; cost-benefit and other empirical techniques used to examine these problems.
ECON 4400 [Not Offered] Industrial Organization and Public Policy (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Theory of the firm, perfect competition, monopoly, collusion and collusive strategies, strategic interaction, auctions, durable goods, predation, antitrust, and experimental economics.
ECON 4421 Health Care Economics (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Economics of health care with particular emphasis on hospitals, physicians, and other health care providers, as well as government programs.
ECON 4440 [Not Offered] The Economics of Government Regulations (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Economic bases, policies, and consequences of government regulation of economic activity.
ECON 4445 Internship in Economics (3 credits)
Prereq.: consent of instructor. Pass-fail grading. On-the-job experience in approved positions with economic content.
ECON 4520 International Trade (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Introduction to the basic theories of international trade including classical, neoclassical, and postneoclassical theories; discussion on how these theories relate to current economic events and policies; brief overview of major U.S. trade law; overview and analysis of major bilateral and multilateral trading agreements including the North American Free Trade Agreement, the European Union, and the World Trade Organization.
ECON 4530 [Not Offered] The Chinese Economy (3 credits)
Prereq.: ECON 2000 and 2010, or 2030. Review of the history of the economy in China; major governmental policies in China that have shaped the growth and development of the Chinese economy; the development of the manufacturing and industrial sectors; China�s role in the international trade and financial markets.
ECON 4540 [Not Offered] Economic Forecasting (3 credits)
Prereq.: ECON 2000 and 2010, or 2030; and ISDS 2000; or equivalent. Applications of methods used in business and economic forecasting; trend analysis, time-series modeling, regression analysis and combination forecasting.
ECON 4550 International Finance (3 credits)
Prereq.: ECON 2035 or equivalent. Exchange rates and the foreign exchange market; exchange rate determination in the short run and in the long run; alternative international currency systems, macroeconomic policy coordination under fixed and floating exchange rates.
ECON 4560 [Not Offered] Central Banking and Monetary Policy (3 credits)
Prereq.: ECON 2035. History, economic functions, operating techniques, and policies of central banks; the role of monetary policy in promoting economic stability and growth; the Federal Reserve System and current problems of monetary policy and control.
ECON 4610 Introduction to Mathematical Economics (3 credits)
Prereq.: ECON 2000 and 2010, or 2030; and college algebra; or equivalent. Not normally open to students who have had differential calculus. Mathematical techniques used by economists; their application to economic analysis.
ECON 4620 [Not Offered] Game Theory and Applications (3 credits)
Prereq.: ECON 2000 and ECON 2010 or ECON 2030. Methods to analyze optimal or strategic behavior in situations with multiple interactive decision makers. Topics range from the formal analysis of parlor games, cold war, auctions, voting behavior to pricing decisions of firms.
ECON 4630 Introduction to Econometrics (3 credits)
Prereq.: ECON 2000 and 2010, or 2030; MATH 1431 or equivalent; and ISDS 2000 or equivalent. Not open to students with credit in ECON 7630. For students interested in a basic knowledge of econometrics. Techniques of econometrics; esti mating the basic linear model and hypothesis testing; empirical illustrations by reference to contemporary economic questions.
ECON 4631 ECONOMETRIC METHODS (3.0 credits)
ECON 4632 [Not Offered] Financial Econometrics (3 credits)
Prereq.: ECON 2000 and 2010; or 2030; ISDS 2000 or equivalent. Econometric methods used to examine financial data; tests of market efficiency, forecasting volatility of financial markets, estimating value at risk.
ECON 4633 [Not Offered] TIME SERIES (3.0 credits)
ECON 4710 Aggregate Economic Analysis (3 credits)
Prereq.: ECON 2035 or equivalent. The focus is on the factors determining the aggregate level of national income, employment, and prices; models of business cycles and long-run growth are developed and compared, and the macroeconomic effects of monetary and fiscal policy are analyzed.
ECON 4720 Intermediate Microeconomic Theory (3 credits)
Prereq.: ECON 2000 and 2010; or 2030. Price determination, resource allocation, and pricing in a market economy.
ECON 4730 [Not Offered] The Evolution of Economic Thought (3 credits)
Cultural and historical factors influencing different types of economic thought from the ancient world to the present.
ECON 4900 Selected Topics in Economics (3 credits)
Prereq.: ECON 2000 and 2010 or 2030. May be taken for a max. of 6 sem. hrs. when topics vary.

5000

ECON 5600 [Not Offered] Microeconomic Theory for Policy Analysis (3 credits)
Also offered as PADM 5600.

7000

ECON 7070 [Not Offered] Theory of Economic Growth (3 credits)
Prereq.: ECON 7715. Theories of economic growth and their development.
ECON 7071 [Not Offered] ECONOMIC GROWTH (3.0 credits)
ECON 7130 [Not Offered] Public Finance Theory (3 credits)
Foundations of welfare economics for evaluating efficiency and equity of taxation and public spending policies; incidence and optimality of taxation.
ECON 7135 [Not Offered] Advanced Topics in Public Finance (3 credits)
May be taken for a max. of 6 hrs. of credit when topics vary. Special issues in taxation, public expenditures, and political economy.
ECON 7240 [Not Offered] Seminar in Labor Economics (3 credits)
Theoretical and empirical effects of trade unions and other labor organizations on individuals, firms, government policies, and the economy.
ECON 7250 [Not Offered] Wage and Employment Analysis (3 credits)
Neoclassical wage and employment theory and its application to the labor market; labor force participation rates; discrimination; labor markets, human capital, the inflation-unemployment trade-off.
ECON 7255 LABOR ECONOMICS (3.0 credits)
ECON 7260 [Not Offered] SEMINAR APPL MICRO (3.0 credits)
ECON 7320 [Not Offered] Seminar in Environmental and Resource Economics (3 credits)
Neoclassical and bio-economic tradition of resource utilization; emphasis on biophysical underpinnings of economics drawing from thermodynamics, ecology, geology, and demography; ethical issues of stewardship in resource management; topical policy issues in energy, materials, food, and air and water pollution.
ECON 7325 [Not Offered] Applied Resource Economics (3 credits)
Application of property rights, externalities, and benefit-cost analysis to resource management; measurement problems; intertemporal allocation, technical changes and resources substitution; and utilization of environmental resources.
ECON 7420 [Not Offered] Health Care Economics (3 credits)
Prereq.: ECON 4720 or equivalent. Economics of health care with particular emphasis on demand and supply of health care services; roles of insurance and government in provision of health care services.
ECON 7470 [Not Offered] Economics of Regulated Enterprise (3 credits)
Economic analysis of problems and policies of regulated enterprises, with emphasis on philosophy of regulation, rate theories, earnings control, coordination, and national policy.
ECON 7480 [Not Offered] Seminar in Industrial Organization (3 credits)
Organization of industry in the American economy; empirical and analytical techniques used to investigate structure and performance in the manufacturing sector of the economy.
ECON 7570 [Not Offered] Seminar in International Finance (3 credits)
ECON 7575 [Not Offered] Seminar in International Trade (3 credits)
Topics in pure theory of international trade; causes and effects of international trade, gains from trade, theory of tariff and effective protection, economic growth and trade, intermediate products, optimal trade policies, factor market imperfections, theory of integration, and effects of uncertainty.
ECON 7580 [Not Offered] Seminar in Economic Development (3 credits)
Prereq.: consent of instructor. Third World development from neoclassical, neomarxist, and neomalthusian perspectives.
ECON 7585 [Not Offered] Advanced Topics in Financial Economics (3 credits)
See FIN 7585.
ECON 7590 [Not Offered] Seminar in Monetary and Fiscal Policy (3 credits)
Prereq.: ECON 7710 and 7630. Determining, implementing, and evaluating monetary and fiscal policy; effect on the economy, monetary targets and indicators; role of interest rates in understanding monetary policy, sectoral impacts of monetary policy; role of fiscal policy in the economy.
ECON 7591 ADV TOPICS MACRO (3.0 credits)
ECON 7595 [Not Offered] Seminar in Monetary Theory (3 credits)
Contemporary monetary theory; theories of supply and demand; integration of monetary and value theory; monetary equilibrium.
ECON 7610 Mathematics for Economis ts (3 credits)
Mathematical principles with frequent applications to economics; functions, derivatives, differentials, integrals, Taylor's series, matrix algebra, determinants, roots, quadratic forms, constrained and unconstrained optimizations, and principles of linear and nonlinear equation systems.
ECON 7615 [Not Offered] Dynamic Analysis (3 credits)
Prereq.: ECON 7610 or calculus and linear algebra. Mathematical analysis of dynamic systems with applications to economics; integral calculus, differential equations, difference equations and optimal control theory.
ECON 7629 APPL ECONOMETRICS (3.0 credits)
ECON 7630 Econometric Methods (3 credits)
Prereq.: calculus and linear algebra, or concurrent enrollment in economics 7610. For students interested in developing research skills in econometrics. Empirical research methods in economics; statistical inference; regression techniques applied to a general linear model; problems involved in regression analysis; extensions of the general linear model.
ECON 7631 [Not Offered] Econometric Methods II (3 credits)
Prereq.: ECON 7630 or equivalent. Econometric techniques for heteroskedasticity, autocorrelation, simultaneous equations, pooling time series and cross-sectional data; model specification techniques.
ECON 7632 Econometric Theory III (3 credits)
Prereq.: ECON 7631 and either ECON 7610 or differential calculus and linear algebra. Emphasis on the pure theory of econometrics; properties of estimators, small sample properties of ordinary least squares, asymtotic distribution theory, generalized least squares and simultaneous equations.
ECON 7633 [Not Offered] Dynamic Econometric Theory (3 credits)
Prereq.: ECON 7631. Time-series analysis; testing and model selection; distributed lags; dynamic properties of simultaneous equation model; autoregressive and moving average process; nonstationarity; autoregressive conditional heteroskedasticity; causality and exogeneity; unit root, co-integration, and error correction.
ECON 7700 [Not Offered] Price Theory I (3 credits)
Development of microeconomic models of the individual firm, including a nonmathematical approach.
ECON 7701 INTRO ADV MICRO (3.0 credits)
ECON 7702 ADV MICRO I (3.0 credits)
ECON 7703 [Not Offered] ADV MICRO II (3.0 credits)
ECON 7710 [Not Offered] Macroeconomics I (3 credits)
Basic models of income, employment, and prices. The models focus on aggregate demand and supply sectors and include an aggregate demand-supply model in which IS-LM underlies aggregate demand, an introduction to the new Keynesian/new Neo-classical synthesis model, and an introduction to growth theory.
ECON 7715 [Not Offered] Macroeconomics II (3 credits)
Prereq.: ECON 7710 and 7610 or equivalent. Dynamic models of the economy; includes growth models, business cycle dynamics, and wageprice dynamics.
ECON 7717 INTRO ADV MACRO (3.0 credits)
ECON 7718 [Not Offered] ADV MACRO I (3.0 credits)
ECON 7719 [Not Offered] ADV MACRO II (3.0 credits)
ECON 7720 [Not Offered] Price Theory II (3 credits)
Prereq.: ECON 7610 or equivalent. Theories of utility, demand, cost, production, factor pricing, and welfare using an advanced mathematical approach.
ECON 7725 [Not Offered] Advanced Microeconomic Theory (3 credits)
Prereq.: ECON 7610, 7700, and 7720; or equivalent. Advanced price theory; capital theory, general equilibrium, distribution theory, market structures.
ECON 7735 [Not Offered] Macroeconomics III (3 credits)
Prereq.: ECON 7715 and 7630. Advanced dynamic general equilibrium models; includes recursive methods, real business cycle models, new-Keynesian economics, asset pricing models, endogenous growth theories, and empirical tests of these models.
ECON 7740 [Not Offered] History of Economic Thought: The Classical Per iod (3 credits)
Development of economics as an autonomous science; Greek, Judeo-Christian, and enlightenment approaches to economic phenomena; special attention to Adam Smith.
ECON 7750 [Not Offered] History of Economic Thought: Modern Per iod (3 credits)
Development of economics from 1800 to 1900; emphasis on classical followers of Smith, Marx, 19th century positivism and socialism, the marginal revolution.
ECON 7799 [Not Offered] Seminar in Advanced Economic Problems (3 credits)
May be taken for a max. of 6 hrs. of credit.

8000

ECON 8900 Pre-dissertation Research (1-9 credits)
May be repeated for credit. Pass-fail grading.

9000

ECON 9000 Dissertation Research (1-12 per sem. credits)
�S�/�U� grading.