Undergraduate Course Descriptions
100 INTRODUCTION TO ECONOMICS 3 credits
May not be substituted for 200, 201, 244. Economics primarily concerned in a broad social science context. Adequate amount of basic theory introduced. Cannot be used to satisfy major or minor requirements in economics.
200 PRINCIPLES OF MICROECONOMICS (OSS 004) 3 credits
Analysis of behavior of the firm and household, and their impact on resource allocation, output and market price. No credit if 244 already taken.
201 PRINCIPLES OF MACROECONOMICS (OSS 005) 3 credits
Prerequisite: 200. Study of the economic factors which affect the price level, national income, employment, economic growth. No credit if 244 already taken.
226 COMPUTER SKILLS FOR ECONOMIC ANALYSIS 3 credits
Prerequisites: 100 or 200 or 244. Application of word processing, spreadsheets, presentation packages, SAS, the Internet, library resources, and other computer tools in communicating economic analysis.
230 ECONOMICS OF SOCIAL POLICY ISSUES 3 credits
Prerequisite: 100, or 200 and 201, or 244 or permission of the instructor. Investigation of selected labor and social policy issues. Examples include health care, economic demography, anti-poverty programs, immigration, discrimination, and the impact of unemployment and inflation.
244 INTRODUCTION TO ECONOMIC ANALYSIS 3 credits
Recommended for engineering and mathematical science majors. Intensive introduction to analysis of modern industrial society and formulation of economic policy. Structure of economic theory and its relation to economic reality. No credit to a student who has completed 200, 201.
310 MANAGERIAL ECONOMICS 3 credits
Prerequisites: 200, or 244; 3470:261, 262. Application of economic analysis to management problems; the organization of enterprises and the allocation of their resources; decision making under uncertainty; strategic behavior.
330 LABOR PROBLEMS 3 credits
Prerequisites: 200 or 201, or 244. Labor economics, principles and public policy. Study of structure of labor market and impact unions have on labor management relations.
333 LABOR ECONOMICS 3 credits
Prerequisite: 200 or 244. Theoretical tools used in analysis of problems of labor in any modern economic system. Emphasis given to examination of determinants of demand for and supply of labor.
360 INDUSTRIAL ORGANIZATION AND PUBLIC POLICY 3 credits
Prerequisites: 200 or 244. Role of industrial structure and firm conduct in performance of industry and way in which antitrust policy is designed to provide remedies where performance is unsatisfactory.
380 MONEY AND BANKING 3 credits
Prerequisite: 201. Institutions of money, banking and credit, monetary expansion and contraction, public policies affecting this process, development of our money and banking system.
385 ECONOMICS OF NATURAL RESOURCES AND THE ENVIRONMENT 3 credits
Prerequisites: 100 or 200 or 244 or permission. Introduction to economic analysis of use of natural resources and economics of environment. Problems of water and air pollution, natural environments, natural resource scarcity, conservation, economic growth.
400 INTERMEDIATE MACROECONOMICS 3 credits
Prerequisites: 201 and 3450:145 or equivalent. Changes in national income, production, employment, price levels, long-range economic growth, short-term fluctuations of economic activity.
405 ECONOMICS OF THE PUBLIC SECTOR 3 credits
Prerequisites: 200 and 201, or 244. Considers nature and scope of government activity, rationale for government intervention, problems of public choice, taxation and revenue-raising, cost-benefit analysis, program development and evaluation.
410 INTERMEDIATE MICROECONOMICS 3 credits
Prerequisites: 200 or 244, and 3450:145 or equivalent. Advanced analysis of consumer demand, production costs, market structures, determinants of factor income.
423 APPLIED GAME THEORY 3 credits
Prerequisite: 200. Application of the basic concepts of game theory (analysis of strategic behavior) to relevant economics issues including bargaining, cartels, voting, conflict resolution and non competitive pricing.
426 APPLIED ECONOMETRICS 3 credits
Prerequisites: 200 and 201 or 244; 3470:261 and 262. Application of regression analysis to economic and social sciences data. Discusses typical problems from applied research, including estimation technique, hypothesis testing and modeling framework.
427 ECONOMIC FORECASTING 3 credits
Prerequisites: 200 and 201 or 244; 3470:261 and 262; or permission of the Economics department. Methods for building, identifying, fitting and checking dynamic economic models and use of these models for forecasting. Emphasis on application of available computer software systems.
430 LABOR MARKET AND SOCIAL POLICY 3 credits
Prerequisite: 200 and 201 or 244 or permission of instructor. Intensive study of current labor and social policy issues (e.g., discrimination, poverty, migration, education, demographic and labor market changes, impact of international trade on employment).
432 THE ECONOMICS AND PRACTICE OF COLLECTIVE BARGAINING 3 credits
Prerequisite: 200 or 244. Principles and organization of collective bargaining, collective bargaining agreements, issues presented in labor disputes and settlements, union status and security, wage scales, technological change, production standards, etc.
434 LABOR MARKET ANALYSIS AND EVALUATION 3 credits
Prerequisites: 410, 426, 430. Applied labor market research using specialized techniques. Employment, health, education, and other current policy issues and programs analyzed and evaluated. Original research project required.
436 HEALTH ECONOMICS 3 credits
Prerequisites: 100 or 200 or 244 or permission of the instructor for 436. Economic analysis of health care. Stresses health policy issues, includes study of demand and supply of medical services and insurance, analysis of health care industries.
438 ECONOMICS OF SPORTS 3 credits
Prerequisites: 100 or 200 or 244 or permission of instructor. Sports franchises as profit maximizing firms; costs and benefits of a franchise to a city; labor markets in professional sports; the economics of college sports.
440 SPECIAL TOPICS: ECONOMICS 3 credits
Prerequisite: permission. Opportunity to study special topics and current issues in economics.
460 ECONOMICS OF DEVELOPING COUNTRIES 3 credits
Prerequisites: 200 and 201, or 244. Basic problems in economic development. Theories of development, issues of political economy and institutions. Topics include poverty, population, migration, employment, finance, international trade and environment.
461 PRINCIPLES OF INTERNATIONAL ECONOMICS 3 credits
Prerequisites: 200 and 201, or 244; or permission of the Economics department. International trade and foreign exchange, policies of free and controlled trade, international monetary problems.
475 DEVELOPMENT OF ECONOMIC THOUGHT 3 credits
Prerequisites: 200 and 201, or 244; or permission of the Economics department. Evolution of theory and method, relation of ideas of economists contemporary to conditions.
481 MONETARY AND BANKING POLICY 3 credits
Prerequisites: 380, 400 or permission of the Economics department. Control over currency and credit, policies of control by central banks and governments, United States Treasury and Federal Reserve System.
487 URBAN ECONOMICS: THEORY AND POLICY 3 credits
Prerequisite: 200 and 201 or 244 or permission of instructor. Analysis of urban issues from an economic perspective. Emphasis on urban growth, land-use patterns, housing, income distribution, poverty and urban fiscal policy.
490 INDEPENDENT STUDY IN ECONOMICS 1-3 credits
(May be repeated for a total of six credits) Prerequisite: permission of instructor. Independent study in economics under supervision and evaluation of selected faculty member.
491 WORKSHOP IN ECONOMICS 1-3 credits
(May be repeated) Prerequisite: permission of the Economics department. Group studies of special topics in economics. May not be used to meet undergraduate or graduate major requirements in economics. May be used for elective credit only.
495 INTERNSHIP IN ECONOMICS 1-3 credits
Prerequisites: 200, 201 and at least three additional courses in economics at the 300- or 400-level. Supervised placement in appropriate position in public or private sector organizations. Reports and written assignments required.
496 SENIOR PROJECT IN ECONOMICS 2 credits
Prerequisites: 400, 410, 426. Corequisites: 405 or 423 or 430 or 460 or 461 or 475 or 481 or 487. Taken concurrently with or following a 400-level field Economics course. Involves independent out-of-class work on a project designed in consultation with the designated 400-level course instructor.
497 HONORS PROJECT 1-3 credits
(May be repeated for a total of six credits) Prerequisite: senior standing in Honors College. Individual senior honors thesis on a creative project relevant to economics, approved and supervised by faculty member of the department.