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ECON Economics( Behavioral and Social Sciences) ECON200 Principles of Micro-Economics; (4 credits) Grade Method: REG/P-F/AUD. CORE Behavioral and Social Science (SB) Course.Prerequisite: MATH110 or placement in MATH113/MATH115/MATH111. It is recommended that students complete ECON200 before taking ECON201. Introduces economic models of the behavior of individual consumers and business firms, problems of international trade, the distribution of income, policies for eliminating poverty and discrimination, the problems of environmental pollution, and the impact of different market structures upon economic activity. ECON201 Principles of Macro-Economics; (4 credits) Grade Method: REG/P-F/AUD. CORE Behavioral and Social Science (SB) Course. Prerequisite: MATH110 or placement in MATH113/MATH115/MATH111. It is recommended that students complete ECON200 before taking ECON201. Credit will be granted for only one of the following: ECON201 or ECON205. An introduction to the problems of unemployment, inflation, and economic growth. Emphasis on roles of monetary and fiscal policy in the conduct of macroeconomic policy. ECON300 (PermReq) Methods and Tools for Economic Analysis; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: By permission with ECON200, ECON201, and {MATH220 or MATH140} with a grade of 'C'(2.0) or better. For ECON majors only and permission of department. Not open to students who have completed MATH240 or MATH241. Covers several mathematics techniques and demonstrates their application to a wide variety of models and problems in both microeconomic and macroeconomic analysis. Reviews concepts from algebra and elementary calculus and introduces components of multivariable calculus, linear algebra and differential equations. ECON305 Intermediate Macroeconomic Theory and Policy; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON200, ECON201, and (MATH220 or MATH140). Not open to students who have completed ECON325. ECON majors are required to take ECON325. Credit will be granted for only one of the following: ECON305 or ECON325. Analysis of the determination of national income, employment, and price levels. Discussion of consumption, investment, inflation, and government fiscal and monetary policy. ECON306 Intermediate Microeconomic Theory; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON200, ECON201, and (MATH220 or MATH140). Not open to students who have completed ECON326. ECON majors are required to take ECON326. Credit will be granted for only one of the following: ECON306 or ECON326. Analysis of the theories of consumer behavior and of the firm, market systems, distribution theory and the role of externalities. ECON315 Economic Development of Underdeveloped Areas; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: (ECON200 and ECON201) or ECON205. Credit will be granted for only one of the following: ECON315 or ECON416. Analysis of the economic and social characteristics of underdeveloped areas. Recent theories of economic development, obstacles to development, policies and planning for development. ECON321 Economic Statistics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON200, ECON201, {MATH220 or MATH140} with a grade of 'C'(2.0) or better. For ECON majors only. Not open to students who have completed BMGT230 (unless with department permission) or BMGT231. Credit will be granted for only one of the following: BMGT230, BMGT231 or ECON321. Introduction to the use of statistics in economics. Topics include: Probability, random variables and their distributions, sampling theory, estimation, hypothesis testing, analysis of variance, regression analysis and correlation. ECON325 Intermediate Macroeconomic Analysis; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON300 with a grade of 'C' (2.0) or better. For ECON majors only. Credit will be granted for only one of the following: ECON305 (not accepted for major requirements) or ECON325. Analysis of macroeconomic behavior and policy with emphasis on theoretical rigor. Topics include the determinants of economic growth, unemployment, inflation, and international economic flows. ECON326 Intermediate Microeconomic Analysis; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON300 with a grade of 'C' (2.0) or better. For ECON majors only. Credit will be granted for only one of the following: ECON306 (not accepted for major requirements) or ECON326. Analysis of economic decision-making by individual buyers and sellers, and resulting market outcomes, with emphasis on theoretical rigor. The efficient properties of perfect competition are examined, followed by consideration of market power, externalities, and asysmetric information. ECON330 Money and Banking; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON200 and ECON201. The structure of financial institutions and their role in the provision of money and near money. Analysis of the Federal Reserve System, the techniques of central banks, and the control of supply of financial assets in stabilization policy. Relationship of money and credit to economic activity and the price level. ECON340 International Economics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON200 and ECON201. Credit will be granted for only one of the following: ECON340 or ECON441. Covers economic models of international transactions, exchange rates, and balance of payments. Analysis of policies of protection, devaluation, and exchange rate stabilization and their consequences. ECON386 (PermReq) Experiential Learning; (3-6 credits) Grade Method: S-F. Individual Instruction course: contact department or instructor to obtain section number. Prerequisite: ECON200, ECON201, and cumulative GPA > 2.75; and permission of department. Junior standing. For ECON majors only. See Department Advising Office for course eligibility, course requirements, and application information. ECON399 (PermReq) Individual Reading and Research For Undergraduates; (1-3 credits) Grade Method: REG/P-F/AUD. Individual Instruction course: contact department or instructor to obtain section number. Prerequisite: six hours of upper division economics courses. ECON414 Game Theory; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON326 with a grade of 'C' or better (or ECON306 by permission of department). For ECON majors only. Not open to students who have completed GVPT399A. Credit will be granted for only one of the following: ECON414 or GVPT399A. Studies the competitive and cooperative behavior that results when several parties with conflicting interests must work together. Learn how to use game theory to analyze situations of potential conflict. Applications are drawn from economics, business, and political science. ECON416 Theory of Economic Development; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON325 (or ECON305 by permission of department) and ECON321 with a grade of 'C' (2.0) or better. For ECON majors only. Credit will be granted for only one of the following: ECON315 or ECON416. Economic theory of the developing nations; role of innovation, capital formation, resources, institutions, trade and exchange rates, and governmental policies. ECON422 Econometrics I; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON321 (or STAT400) with a grade of 'C' (2.0) or better. For ECON majors only. Emphasizes the interaction between economic problems and the assumptions employed in statistical theory. Formulation, estimation, and testing of economic models, including single variable and multiple variable regression techniques, theory of identification, and issues relating to inference. ECON435 Financial Markets and the Macroeconomy; (3 credits) Grade Method: REG/P-F/AUD. Finance majors will not receive credit for ECON435. Prerequisite: ECON326 with a grade of 'C' (2.0) or better (or ECON306 by permission of department). For ECON majors only. Not open to students who have completed BMGT343 (for credit). Credit will be granted for only one of the following: BMGT343 or ECON435. Formerly ECON398F. The different types of financial assets that exist, the markets that they trade in, and the determination of their prices and rates of return are examined. Specific topics that will be covered include the Markowitz portfolio selection model, the capital asset pricing model, the arbitrage pricing theory, the efficient markets hypothesis, the term structure of interest rates, and options. There will be almost no emphasis on issues in corporate finance. ECON454 Public Finance and Public Policy; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON326 with a grade of 'C' (2.0) or better (or ECON306 by permission of department). For ECON majors only. Credit will be granted for only one of the following: ECON350 or ECON454. Study of welfare economics and the theory of public goods, taxation, public expenditures, benefit-cost analysis, and state and local finance. Applications of theory to current policy issues. ECON456 Law and Economics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON326 with a grade of 'C' (2.0) or better (or ECON306 by permission of department). For ECON majors only. Relationship of the exchange process to the system of institutions and rules that society develops to carry out economic transactions. Topics covered include: Property rights; torts, negligence, and liability; contracts and exchanges; criminal control and enforcement; equity issues in the rule and market environment. ECON470 Theory of Labor Economics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON326 with a grade of 'C' (2.0) or better (or ECON306 by permission of department). For ECON majors only. Credit will be granted for only one of the following: ECON370 or ECON470. An analytical treatment of theories of labor markets. Marginal productivity theory of labor demand; allocation of time in household labor supply models; theory of human capital; earnings differentials; market structure and the efficiency of labor markets; the role of trade unions; discrimination; and unemployment. ECON698 Selected Topics in Economics; (3 credits) Grade Method: REG/AUD. ECON799 Master's Thesis Research; (1-6 credits) Grade Method: REG. Individual Instruction course: contact department or instructor to obtain section number. ECON898 (PermReq) Pre-Candidacy Research; (1-8 credits) Grade Method: REG. Individual Instruction course: contact department or instructor to obtain section number. ECON899 Doctoral Dissertation Research; (1-8 credits) Grade Method: REG. Individual Instruction course: contact department or instructor to obtain section number.
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