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2006-2007 University Catalog

Economics

ECON 110 PRINCIPLES OF MICROECONOMICS (3)

Three hours lecture per week

The application of economic reasoning to the decisions of consumers and producers. Topics include opportunity cost, resource allocation, the price system, the organization of industry, market failures, distribution of income, public sector economics.

GenEd: D

 

ECON 111 PRINCIPLES OF MACROECONOMICS (3) [top]

Three hours lecture per week

Study of the workings of the economy. Topics include national income accounting, business cycles, employment and unemployment, inflation, economic growth, financial institutions, fiscal and monetary policy, and international trade.

GenEd: D

 

ECON 300 FUNDAMENTALS OF ECONOMICS (3) [top]

Three hours lecture per week

Basic economic training for citizens who wish to exercise a reasoned judgment about economic issues in public affairs. Content generally same as ECON 110, ECON 111 in condensed form. Not open to students with credit in ECON 110 or ECON 111.

GenEd: D

 

ECON 310 INTERMEDIATE MICROECONOMICS (3) [top]

Three hours lecture per week

Prerequisite: ECON 110, ECON 111 and MATH 140 or MATH 150

Economic analysis of the decisions of consumers and producers. Emphasis on the theory of consumer behavior, the theory of the firm, price and output determination in various market structures, factor markets and externalities.

 

ECON 311 INTERMEDIATE MACROECONOMICS (3) [top]

Three hours lecture per week

Prerequisite: ECON 110, ECON 111 and MATH 140 or MATH 150

Determinants of levels of national income, employment, and price levels. Analysis of secular and cyclical changes in economic activity, and the effects of monetary and fiscal policies on these changes.

 

ECON 320 MONEY AND BANKING (3) [top]

Three hours lecture per week

Prerequisite: ECON 110, ECON 111 and MATH 140 or MATH 150

Nature and functions of money and its relation to prices; the monetary system of the United States; the functions of banks, bank credit, foreign exchange and monetary control. The impact of monetary policy on economic activity.

 

ECON 329 MANAGERIAL ECONOMICS (3) [top]

Three hours lecture per week

Prerequisite: ECON 110, ECON 111 and MATH 140 or MATH 150

Development of the tools of marginal analysis and their application to managerial decisions and planning. Topics include demand analysis, production and cost, pricing and output decisions under different market structures. Product and factor markets will be analyzed.

 

ECON 331 NARRATIVES OF THE WORKING CLASS (3) [top]

Three hours lecture per week

Examines the lives of working people using various thematic approaches and disiplinary methodoligies. Matherials included literature, film, and case studies.

Same as ENGL 331, SOC 331, HIST 331, POLS 331

GenEd: C2,D,Interdisciplinary

 

ECON 340 BUSINESS AND ECONOMICS IN AMERICAN LITERATURE (3) [top]

Three hours lecture/discussion per week

Explores the ways in which business and economics have been represented in American literature. Employs critical methodologies from the fields of Business, Economics, and Literary studies.

Same as BUS 340, ENGL 340

GenEd: C2,D,Interdisciplinary

 

ECON 341 DRUG DISCOVERY & DEVELOPMENT (3) [top]

Three hours lecture per week

How are drugs discovered? What determines the price for a drug? What is the difference between a generic and non-generic drug? These questions will be examined with an interdisciplinary approach. Topics include the isolation of compounds from natural sources, the screening of compounds for biological activity, structure-activity relationships of drugs, computer-assisted drug design, combinatorial chemistry, bioinformatics, the FDA approval process for new drugs, and the economic and business aspects of pharmaceutical investment and development.

Same as CHEM 341, BUS 341

GenEd: B1,D,Interdisciplinary

 

ECON 342 THE ZOO: CONSERVATION, EDUCATION AND RECREATION (3) [top]

Three hours lecture per week

An interdisciplinary study of zoos and zoological gardens from scientific, managerial, business, recreational and educational perspectives. Analyzes how these perspectives are linked within zoo practices. The course will include an in-depth case study of a local zoo. Field trips to local zoos will be required.

Same as BIOL 342, BUS 342, EDUC 342

GenEd: D,Interdisciplinary

 

ECON 343 CAPITAL THEORY (3) [top]

Three hours lecture per week

Intertemporal choice and decision-making under uncertainty in our financial lives. Topics include: multi-period consumption, multi-period production, capital budgeting, modern portfolio theory and financial management.

Same as FIN 343

GenEd: D,Interdisciplinary

 

ECON 349 HISTORY OF BUSINESS AND ECONOMICS IN NORTH AMERICA (3) [top]

Three hours of lecture per week

Examines the growth and development of the economies of North America since colonial times. Addresses social, ethical, economic and management issues during the development of Canada, the United States, and Mexico. Analyzes the business principles underlying the growth and development of the economies.

Same as HIST 349, BUS 349

GenEd: D,Interdisciplinary

 

ECON 362 ENVIRONMENTAL ECONOMICS (3) [top]

Three hours lecture per week

Prerequisite: ECON 110 and ECON 111, or ECON 300

Economic analysis of environmental problems and policy. Market failures due to externalities, public goods, and common property resources are examined. Private (market) and public (government) solutions to environmental problems are examined.

 

ECON 370 THE WORLD ECONOMY (3) [top]

Three hours lecture per week

Prerequisite: ECON 110 or ECON 300

Theory, practice, and institutions of the international economy. Topics include international trade and investment, balance of payments, foreign exchange rates, international institutions in the global economy, and international economic policy.

 

ECON 411 ECONOMICS OF ENTREPRENEURSHIP (3) [top]

Three hours lecture per week

Prerequisite: ECON 110 and ECON 111

Application of economic concepts to entrepreneurial strategies and decisions. Analysis of entrepreneurial activities as related to production, markets, innovation, risk, and the macroeconomy.

 

ECON 415 INDUSTRIAL ORGANIZATION (3) [top]

Three hours of lecture per week

Prerequisite: ECON 310 or ECON 329

A theoretical and empirical examination of the structure, conduct and performance of industries. Topics include market structures, games and strategy, and pricing strategy.

 

ECON 425 LABOR ECONOMICS (3) [top]

Three hours of lecture per week

Prerequisite: ECON 310 or ECON 329

An examination of the employment of labor as a factor of production. Topics include employment, wage rates, unions and collective bargaining, and labor legislation.

 

ECON 450 PUBLIC SECTOR ECONOMICS (3) [top]

Three hours of lecture per week

Prerequisite: ECON 310 or ECON 329

The economic role of government with an emphasis on the allocation and distribution effects of government expenditures and taxation.

 

ECON 455 URBAN AND REGIONAL ECONOMICS (3) [top]

Three hours of lecture per week

Prerequisite: ECON 310 or ECON 329

Economic analysis of urban and regional problems including the formation of cities, urban finance and services, growth, land use, transportation, income distribution, pollution, congestion, and law enforcement.

 

ECON 464 NATURAL RESOURCE ECONOMICS (3) [top]

Three hours lecture per week

Prerequisite: ECON 310 or ECON 329

Microeconomics and capital theory applied to problems of conserving and managing natural resources. Analysis of public policies affecting renewable and nonrenewable resources including price controls, taxation and leasing. Representative topics include: forestry, fishery, energy, water and mineral economics.

 

ECON 471 INTERNATIONAL TRADE (3) [top]

Three hours lecture per week

Prerequisite: ECON 310 or ECON 329

The theory of international trade, effects of tariff and non-tariff barriers, and conduct of commercial policy. Topics include theories of comparative advantage, gains from trade, distribution effects of trade, international factor movements and trade restrictions, the political economy of trade and industrial policy.

 

ECON 472 INTERNATIONAL MACROECONOMICS (3) [top]

Three hours lecture per week

Prerequisite: ECON 311 or ECON 320

Macroeconomic analysis of the open economy, the impact of stabilization policies in a global economy, the role of the balance of payments, and the international monetary system. Topics include balance of payments accounts, spot-forward exchange rates, interest rate arbitrage, purchasing-power parity, exchange rate determination and macroeconomic policy in an open economy.

 

ECON 473 DEVELOPMENT ECONOMICS (3) [top]

Three hours lecture per week

Prerequisites: ECON 310 or ECON 329

Economic underdevelopment and its causes from historical, institutional and structural perspectives. Theories and patterns of growth and development, and the role of government, trade, education. Regional focus may vary by semester.

 

ECON 480 TOPICS IN ENVIRONMENTAL AND NATURAL RESOURCE ECONOMICS (3) [top]

Three hours lecture per week

Prerequisite: ECON 362 or ECON 464 or consent of the instructor

Application of economic analysis to topics in environmental and natural resource economics. Representative topics include: energy problems and policies, the measurement of market and non-market benefits and costs, endangered species management. Repeatable by topic.

 

ECON 488 APPLIED MANAGERIAL ECONOMETRICS (4) [top]

Three hours lecture and two hour lab per week

Prerequisite: BIOL/MATH/PSY 202 or MATH 329 or MATH 352, ECON 310 or ECON 329 and MATH 150

Emphasis on the collection and manipulation of economic data, and the application of econometric methods to business and resource management issues. Development of testable hypotheses, applications of estimation techniques and interpretation of regression results. Use of econometric software applications to estimate statistical relations.

 

ECON 490 SPECIAL TOPICS (3) [top]

Three hours per week

Prerequisite: Consent of the instructor

In-depth analysis of current topics in economics. Topics vary each semester. Repeatable by topic.

 

ECON 492 SERVICE LEARNING/INTERNSHIP (3) [top]

Six hours per week

Prerequisite: Consent of the instructor

Individual internship through service learning.

Graded Credit/No Credit

 

ECON 497 DIRECTED STUDY (1-3) [top]

Variable hours per week

Prerequisite: Consent of the instructor

Individual contracted study on topics or research selected by the student and faculty mentor. Repeatable for up to nine units.

Graded Credit/No Credit

 

ECON 499 CAPSTONE (3) [top]

Three hours of seminar per week

Prerequisites: Required upper division courses in economics major (may be taken concurrently) and senior standing.

In the capstone course, economics majors will analyze an economic issue stemming from their emphasis using the theoretical and empirical tools developed in the required major courses. The economic issue may be drawn from an internship or service learning placement. The course will culminate with a senior paper that is presented in class.

 

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