Course Descriptions

200 The Economic Way of Thinking

A broad introduction to economic concepts and how they can contribute to a better understanding of the world around us. Concepts are developed and applied to current economic and social problems and issues. It will involve less formal modeling than the 201 and 202 sequence. Not available to Economics or Economics/Prelaw majors.

201 Microeconomics

A study of the individual business firm, with emphasis on an analysis of demand, supply, and costs? production and pricing under various market conditions? allocation of economic resources and determination of the shares of the national income paid to the different factors of production.

202 Macroeconomics

A study of the national economy with emphasis on economic institutions, determination of national income, economic fluctuations, functions of money and banking, the economic role of government, labor problems, international trade, and economic growth.

301 Intermediate Microeconomics

Analysis of the determination of prices and of market behavior including demand, costs and production, pricing under competitive conditions, and pricing under monopoly and other imperfectly competitive conditions.

302 Intermediate Macroeconomics

A study of the method and concepts of national income analysis with particular reference to the role of monetary and fiscal policy in maintaining full employment without inflation.

357 Public Finance 

A study of the revenues and expenditures of federal, state, and local government with an analysis of the types of taxes and expenditures, and of government policy and its impact on full employment, economic growth, and national income.

400 Public Choice

Designed for juniors/seniors. Analysis of the methods and consequences of arriving at collective decisions through political mechanisms. Applies economic theory and methodology to the study of nonmarket decision making. Topics include freerider problems, voting, majority choice, demand revelation, and political bargaining.

410 Law and Economics

An economic analysis of the law. Topics include an introduction to legal institutions and legal analysis? application of economic concepts to the law of property, contracts and torts, criminal law, and constitutional law? the economic efficiency of the common law? and a public choice perspective on the evolution of the law.

448 International Finance

Topics include foreign exchange markets, exchange rate determinations, balance of payment problem, open macroeconomic policy and international financial organization.

449 International Trade

A study of positive and normative theories of international trade. Topics include: Determinations of international trade, welfare implications of international trade, commercial policies, and economic integration.

453 Money and Banking

The function and development of money, credit, and banking, with emphasis on the Federal Reserve System and its policies for maintaining economic stability.

454 Labor Economics

An economic analysis of labormarket conditions and laborrelated issues including unemployment, wage determination, working hours, trade unions, and government policy. Human capital theory is also introduced.

455 Comparative Economic Systems

Comparative analyses of the economic theories, institutions, and operation of communist, socialist, fascist, and capitalist systems.

456 History of Economic Doctrine

A survey of the development of economic thought from ancient times until the present, the relation of economic doctrines to the problems of the period, and to the other sciences.

480 Special Topics in Economics

Subject matter varies. May be repeated for credit with permission of the department.

490 Economics Internship

Economicsrelated employment experience with an approved organization. Related term paper required. 

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