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Economics

Economics Course Listing

Professor: Dr. Hawkins (Dean of the School of Business), Dr. Hsiao, Dr. Mostashari (Associate Dean)

Associate Professor: Dr. Broadhurst (Associate Dean, Chair)

Assistant Professor: Dr. Csellak, Dr. Harriss, Dr. Yonai (Lundy Scholar)

Instructor:  Mr. Ballard

Requirements for a Major in Economics (BS) (CIP 45.0601)
ACCT 213, 214; BADM 221, 222, 300, 314, 345; CIS 125, 235; ECON 201, 202, 301, 302, 453, 480 and twelve semester hours of 300 or above economics electives; MATH 122.

Requirements for a Major in Economics/Pre-Law (BA) (CIP 45.0601/22.0001)
BADM 221, 222, 300, 345; GOVT 230, 260, 300, any two of the following: GOVT 339, 340, 343, 345; ECON 201, 202, 301, 302, 357, 400, 410, 453, any two of the following: ECON 448, 449, 454, 480; and one three semester hour CIS elective.

Requirements for a Major in General Economics (AA) (CIP 45.0601)
ACCT 213; BADM 221; CIS 125, 235; ECON 201, 202, and six hours of economics electives selected from 300 and 400 level courses; ENGL 100, 101, 102, and any one of 201, 202, 203, or 204 courses; PE 111 or 112, 185; Art, Music, or Theater 131; HIST 111, 112; MATH 111, 160; RELG 125; one laboratory science course from Biology, Chemistry, Environmental Science, or Physics.

Requirements for a Minor in Economics
BADM 300; ECON 201, 202, 301, 302, and any 300 or 400 elective (no more than 6 hours in a major may be applied to the minor).

Economics Course Listing (ECON 000)

200 The Economic Way of Thinking (3)
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/Pre-law majors.

201 Microeconomics (3)
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 (3)
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. Prerequisite: ECON 201.

301 Intermediate Microeconomics (3)
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. Prerequisites: ECON 201 and 202.

302 Intermediate Macroeconomics (3)
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. Prerequisites: ECON 201 and 202.

357 Public Finance (3)
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. Prerequisites: ECON 201 and 202.

400 Public Choice (3)
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 free-rider problems, voting, majority choice, demand revelation, and political bargaining. Prerequisites: ECON 201 and 202.

410 Law and Economics (3)
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. Prerequisites: ECON 201 and 202.

448 International Finance (3)
Topics include foreign exchange markets, exchange rate determinations, balance of payment problem, open macroeconomic policy and international financial organization. Prerequisites: ECON 201 and 202.

449 International Trade (3)
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. Prerequisites: ECON 201 and 202.

453 Money and Banking (3)
The function and development of money, credit, and banking, with emphasis on the Federal Reserve System and its policies for maintaining economic stability. Prerequisites: ECON 201 and 202.

454 Labor Economics (3)
An economic analysis of labor-market conditions and labor-related issues including unemployment, wage determination, working hours, trade unions, and government policy. Human capital theory is also introduced. Prerequisites: ECON 201 and 202.

455 Comparative Economic Systems (3)
Comparative analyses of the economic theories, institutions, and operation of communist, socialist, fascist, and capitalist systems. Prerequisites: ECON 201 and 202.

456 History of Economic Doctrine (3)
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. Prerequisites: ECON 201 and 202.

480 Special Topics in Economics (3)

Subject matter varies. May be repeated for credit with permission of the department. Prerequisite: Permission of the instructor.

490 Economics Internship (3)
Economics-related employment experience with an approved organization. Related term paper required. Prerequisites: junior standing (at least), declared major in Economics, overall grade point average of 2.0 or greater, and completion of an independent study contract.

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