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Course Catalog

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Course List

ECON 2110 Selected Topics in Economics (1-0) Topics of current interest in economics. The subject title is to be listed in the class schedule. May be repeated for credit when the topic changes. Prerequisite: ECON 2305 or ECON 2306.

ECON 2305 PRINCIPLES OF MACROECONOMICS (3-0) (ECON 2301). Elementary models of the macroeconomy. Measures of aggregate economic activity and unemployment and inflation, money and banking, monetary and fiscal policy, international trade and payments, and applications of theory to society's problems.

ECON 2306 PRINCIPLES OF MICROECONOMICS (3-0) (ECON 2302) The science of choice; develops demand, supply, and the market mechanism for allocating society's scarce resources; analyzes the impact of different industry structures in the market; applies the tools of microeconomic analysis to various topics such as price controls and international trade.

ECON 2337 ECONOMICS OF SOCIAL ISSUES (3-0) Economic consequences and solutions of current social issues. Each semester, a series of topics will be covered in line with current events and the instructor's expertise to facilitate an understanding of the economic structure. Will not serve to meet degree requirements for College of Business Administration majors. Offered as AAST 2337 and ECON 2337; credit will be granted in only one department.

ECON 3301 THE ECONOMICS OF HEALTH (3-0) Applies economic analysis to the health sector; examines issues involving health insurance and how these issues have been addressed by the market and by the government; role of market structure in health care markets such as the hospital and pharmaceutical industries; compares the U.S. health care system to health care systems in other countries. Prerequisite: ECON 2306.

ECON 3302 THE ECONOMICS OF CRIME (3-0) Economic analysis of criminal activity and its impact on the allocation of scarce resources; economic models of criminal behavior, optimum allocation of criminal justice resources, public and private sector approaches to deterrence, and current issues such as gun control and drug abuse prevention. Prerequisite: ECON 2306.

ECON 3303 MONEY AND BANKING (3-0) Monetary and banking systems of the United States, including the problems of money and prices, proper organization and functioning of commercial banking and Federal Reserve systems, problems of monetary standards, and credit control. Recent monetary and banking trends. Prerequisite: ECON 2305.

ECON 3304 PUBLIC SECTOR ECONOMICS (3-0) Examines various economic reasons that may justify government involvement in the economy with particular focus on the problems inherent in government intervention. It considers topics such as the efficiency and fairness of alternative taxing systems, the growth and effects of government debt, and public choice (how spending and taxing decisions are made). It analyzes various government programs such as Social Security, health care, expenditure programs for the poor, etc. Prerequisite: ECON 2306.

ECON 3305 LAWS AND ECONOMICS (3-0) A review of the economic effects of laws and legal institutions, including property rights, the common law of contracts and torts, regulations, and crime and punishment. Prerequisite: ECON 2306.

ECON 3306 SPORTS ECONOMICS AND BUSINESS (3-0) Basic economics principles applied to the analysis of professional and amateur sports. Topics include fan demand, advertising, team output decisions, league/conference organization, sports rules, and government regulations. The course is designed for both business and economics majors. Prerequisite: ECON 2306.

ECON 3310 MICROECONOMICS (3-0) Develops the theory of consumer behavior and firm decision-making using tools of marginal analysis and game theory. Uses these insights to develop competitive equilibrium. Explores reasons for imperfect markets including market power, externalities and information asymmetries. Prerequisite: ECON 2306 and 60 credit hours.

ECON 3312 MACROECONOMICS (3-0) Interactions among private sector behavior, government policies, central bank actions and international events, and their effects upon the resulting national living standard, employment, growth, and prices. Particular emphasis upon modeling and the macroeconomy. Prerequisite: ECON 2305, 3303, and 60 credit hours.

ECON 3313 INDUSTRIAL ORGANIZATION AND PUBLIC POLICY (3-0) Explains market structure and its relation to strategic behavior, advertising, pricing and product differentiation decisions. Further topics include the organization of the firm, takeovers, mergers and acquisitions, research and development, and the various regulatory controls placed on firms and industries. Prerequisite: ECON 2306.

ECON 3318 INTRODUCTION TO ECONOMETRICS (3-0) The application of economic theory and statistical techniques for the purpose of testing hypotheses and estimating and analyzing economic phenomena. Prerequisite: STAT 3321 or MATH 3313.

ECON 3328 PRINCIPLES OF TRANSPORTATION (3-0) The application of microeconomic and statistical tools in the analysis of the various modes of transportation. Topics for discussion include transportation as a derived demand, regulation of transportation, mass transit, and international issues in transportation. Prerequisite: ECON 2306.

ECON 3335 ECONOMICS OF PUBLIC POLICIES (3-0) Economic analysis of issues of general interest. A nontechnical application of principles of economics to current topics such as abortion, crime, deficit spending, divorce, education, energy, health care, immigration, politics, recycling, risk and safety, Social Security, sports, and tax policy. Prerequisite: ECON 2306.

ECON 3388 EUROPEAN ECONOMIC HISTORY, 1750 TO PRESENT (3-0) An economic analysis of historical events leading up to and following the Industrial Revolution, large-scale industry, early banking, commerce, Utopian movements, war, postwar economic integration and the continuing debate over economic globalization. Prerequisite: ECON 2305.

ECON 4191 STUDIES IN ECONOMICS (1-0) Advanced studies, on an individual basis, in the various fields of economics. Prerequisite: ECON 2306 and 90 credit hours and departmental permission.

ECON 4291 STUDIES IN ECONOMICS (2-0) Advanced studies, on an individual basis, in the various fields of economics. Prerequisite: ECON 2306 and 90 credit hours and departmental permission.

ECON 4302 ENVIRONMENTAL ECONOMICS (3-0) Economic forces that influence the quality of the environment; economic theory and environmental management; regulatory requirements for economic impact analysis; international issues including trade and implications for Third World economies. Prerequisite: ECON 2306.

ECON 4306 COMPARATIVE ECONOMIC SYSTEMS (3-0) Studies how differing economies are organizated with respect to market, command, and traditional institutions. Several empirical economics are evaluated and compared with respect to performance and efficiency. Each economy is placed within its unique historical and social context to explore why certain institutions work in one situation but may fail in others. Prerequisite: ECON 2306.

ECON 4311 ECONOMICS FOR MANAGERS (3-0) Applies economic analysis to decisions of managers. Topics include investment decisions, pricing, price discrimination, strategy, bargaining, uncertainty, moral hazard and advere selection, and incentive structures for employees and for units of the firm. The class is real-world oriented exploring actual decisions of firms. Prerequisite: ECON 2306 and 60 credit hours.

ECON 4319 ECONOMIC GROWTH AND DEVELOPMENT (3-0) The issues underlying vast differences in development among the nations of the world. Course covers the elements of theories of growth, the role of international trade, and issues of institutional structures related to economic progress in a nation. Prerequisite: ECON 2305 and ECON 2306.

ECON 4321 INTERNATIONAL TRADE (3-0) Explanations of why nations trade and what they trade. The economics and politics of protection of domestic industries. United States and foreign trade policies including regional trading blocs such as NAFTA (North American Free Trade Agreement) and the EU (European Union). Trade problems of developing nations. The role of the multinational firm and labor migration (international factor movements). Prerequisite: ECON 2306.

ECON 4322 INTERNATIONAL FINANCE (3-0) The nature and instruments of international payments. International financial institutions and arrangements. Exchange rate, balance of payment, and income determination theories. Prerequisite: ECON 2305.

ECON 4323 INTRODUCTION TO MATHEMATICAL ECONOMICS (3-0) Exposes students to certain basic mathematical concepts and methods and relates these techniques to various types of economic analysis. Covers the mathematical methods used in static and comparative-static analysis, optimization problems, and simple dynamic analysis. Prerequisite: MATH 1316 and ECON 3310 and ECON 3312.

ECON 4324 MONETARY AND FISCAL POLICY (3-0) The effects of money on production and national income; quantity and commodity theories of money; various theories of interest rates; instruments and policies of Federal Reserve monetary action; proposals for monetary reform. Central bank systems. Prerequisite: ECON 2306 and ECON 3303 and 60 credit hours.

ECON 4325 ECONOMIC FORECASTING (3-0) Develops measures of economic activity; focuses on business forecasting using leading indicators, trend analysis, and techniques used to estimate and project changes. Prerequisites; ECON 2305 and ECON 2306.

ECON 4330 HUMAN RESOURCE ECONOMICS (3-0) Application of economic principles to labor topics such as the demand for marriage, the demand for children, the economics of beauty, the economics of highly paid sports and entertainment stars, the effects of immigration on U.S. wages and employment, workplace discrimination, the effects of affirmative action policies, and the effects of minimum wage legislation. Prerequisite: ECON 2306.

ECON 4331 SEMINAR IN ECONOMICS (3-0) Readings and discussions of special topics in economics. Prerequisite: 60 or 90 credit hours and consent of instructor. May be repeated for credit with consent of department chair.

ECON 4391 STUDIES IN ECONOMICS (3-0) Advanced studies, on an individual basis, in the various fields of economics. Prerequisite: ECON 2306 and 90 credit hours and departmental permission.

ECON 4393 ECONOMICS INTERNSHIP (3-0) Practical training in economics. Analysis of theory applied to real life situations. May be used as an advanced business elective only; graded on a pass/fail basis. No credit will be given for previous experience or activities. May not be repeated for credit. Prerequisite: Junior standing and consent of department internship advisor.

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