2305. PRINCIPLES OF MACROECONOMICS (3-0) 3 hours credit (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 societys problems.
2306. PRINCIPLES OF MICROECONOMICS (3-0) 3 hours credit (ECON 2302). The science of choice; develops demand, supply, and the market mechanism for allocating societys scarce resources; industry structure, antitrust regulation, the market for resources, social issues, the environment, international trade, and finance.
2337. ECONOMICS OF SOCIAL ISSUES (3-0) 3 hours credit. Economic consequences and solutions of current social issues. Each semester, a series of topics will be covered in line with current events and the instructors expertise to facilitate an understanding of the economic structure. Will not serve to meet degree requirements for College of Business majors.
3301. THE ECONOMICS OF HEALTH (3-0) 3 hours credit. Determinants of health status; impact of economic forces on the health sector; demand for and supply of health services; role of competition; new organizational entities; the changing regulatory climate. Prerequisite: ECON 2306.
3302. THE ECONOMICS OF CRIME (3-0) 3 hours credit. 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 or consent of instructor.
3303. MONEY AND BANKING (3-0) 3 hours credit. 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.
3304. PUBLIC SECTOR ECONOMICS (3-0) 3 hours credit. 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 or consent of instructor.
3305. LAW AND ECONOMICS (3-0) 3 hours credit. 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 or consent of instructor.
3306. ECONOMICS OF SPORTS (3-0) 3 hours credit. Applies basic economic principles to the analysis of professional and amateur sports. Topics covered include fan demand, advertising, team output decisions, league/conference organization, and government and sports. The course is designed to cater to both general business and economics majors. Prerequisite: ECON 2306.
3310. MICROECONOMICS (3-0) 3 hours credit. The theory of consumer behavior and the theory of the firm. The theory of production, the theory of cost and price determination, and resource allocation under competition, monopoly, and imperfect competition. Prerequisites: ECON 2306 and junior standing or consent of instructor.
3312. MACROECONOMICS (3-0) 3 hours credit. 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. Prerequisites: ECON 2305 and junior standing or consent of instructor.
3313. INDUSTRIAL ORGANIZATION AND PUBLIC POLICY (3-0) 3 hours credit. 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, R&D, and the various regulatory controls placed on firms and industries. Prerequisite: ECON 2306.
3318. INTRODUCTION TO ECONOMETRICS (3-0) 3 hours credit. The application of economic theory and statistical techniques for the purpose of testing hypotheses and estimating and analyzing economic phenomena. Prerequisite: BUSA 3321 or MATH 3313.
3328. PRINCIPLES OF TRANSPORTATION (3-0) 3 hours credit. Impact of freight and passenger transport upon individual, business, and governmental decision-making in an evolving, competitive world economy. Prerequisite: ECON 2306 or consent of instructor.
3335. ECONOMICS OF PUBLIC POLICIES (3-0) 3 hours credit. Economic analysis of issues of general interest. A non-technical application of principles of economics to current topics such as abortion, crime, deficit spending, divorce, education, health care, immigration, politics, recycling, risk and safety, Social Security, sports, and tax policy. Prerequisite: ECON 2306 or consent of instructor.
3388. EUROPEAN ECONOMIC HISTORY, 1750 TO PRESENT (3-0) 3 hours credit. The English Industrial Revolution, Europes slow transformation before 1850, and large-scale industry, banking, transportation, and commerce in the later 19th and 20th centuries. Topics for the 20th century include depression, war, post-war economic integration, and the collapse of communism. Prerequisite: ECON 2305 or consent of instructor.
4191, 4291, 4391. STUDIES IN ECONOMICS (Variable credit from 1 to 3 semester hours as arranged). Advanced studies, on an individual basis, in the various fields of economic literature. Prerequisites: ECON 2306, three hours of advanced economics, senior standing, and consent of instructor.
4302. ENVIRONMENTAL ECONOMICS (3-0) 3 hours credit. 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.
4306. COMPARATIVE ECONOMIC SYSTEMS (3-0) 3 hours credit. The differences between capitalism, liberal socialism, and communism. Evaluation of the performance and efficiency characteristics of each system. Consideration is also given to the obstacles that confront former communist societies seeking to reorganize, and to the possible forms of economic reconstruction the emerging nations may undertake. Prerequisite: ECON 2306 or consent of instructor.
4311. ECONOMICS FOR MANAGERS (3-0) 3 hours credit. This class studies the decision-making process involving the economic activities of a firm. It provides the tools that help managers choose the best solution among all possible ones to achieve the firms goal. The class is real-world oriented and examines topics such as demand, costs, production, market structure and market power, and pricing decisions. Prerequisites: ECON 2306 and junior standing or consent of instructor.
4319. ECONOMIC GROWTH AND THE MULTINATIONAL CORPORATION (3-0) 3 hours credit. The economic effects of the multinational corporations on the world economy: their effects on long-term capital flows, world production, transfer of technology, and the developing countries. Prerequisites: ECON 2305, 2306.
4321. INTERNATIONAL TRADE (3-0) 3 hours credit. Explanations of why nations trade and what they trade. The economics and politics of protection of domestic industries (tariffs, quotas). U.S. and foreign trade policies. Regional blocks (NAFTA, EEC). International factor movements (the role of the multinational firm and labor migration). Prerequisite: ECON 2306 or consent of instructor.
4322. INTERNATIONAL FINANCE (3-0) 3 hours credit. The nature and instruments of international payments. International financial institutions and arrangements. Exchange rate, balance of payment, and income determination theories. Prerequisite: ECON 2305 or consent of instructor.
4323. INTRODUCTION TO MATHEMATICAL ECONOMICS (3-0) 3 hours credit. 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. Prerequisites: MATH 1316; ECON 3310, 3312.
4324. MONETARY AND FISCAL POLICY (3-0) 3 hours credit. 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. Prerequisites: ECON 2305, 2306, and 3303 and junior standing or consent of instructor.
4325. ECONOMIC FLUCTUATIONS AND FORECASTING (3-0) 3 hours credit. Develops measures of economic activity, discusses history and competing theories of the business cycle, the role of money and interest rates; business forecasting using leading and lagging indicators, time series analysis, and econometric techniques. Prerequisites: ECON 2305, three hours of advanced economics, and junior standing or consent of instructor.
4330. LABOR ECONOMICS (3-0) 3 hours credit. 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.
4331. SEMINAR IN ECONOMICS (3-0) 3 hours credit. An integrative learning experience required of all economics majors during the senior year of study. The focus is on developing experience with theoretical models, data sets, and econometric techniques; the analysis of a variety of public policy and private sector issues. Prerequisites: ECON 3310, 3312, 3318, and senior status.
4333. TOPICS IN ECONOMICS (3-0) 3 hours credit. Offers advanced students the opportunity for advanced study in a particular topic or sequence of topics that are not offered on a regular basis. Prerequisites: ECON 2305 and 2306.
5301. MATHEMATICS FOR ECONOMISTS (3-0). Designed to upgrade mathematical skills for graduate work in economics and business. Prerequisite: college algebra or equivalent.
5305. ENVIRONMENTAL LAW & POLICY (3-0). Evolution of environmental law and policy; reviews primary environmental laws; Clean Air Act, Clean Water Act, Superfund, RCRA, and Endangered Species Act and their impact on the economy and environment.
5306. ENVIRONMENTAL ECONOMICS (3-0). This course examines economic theory and practice as it applies to environmental regulation, policy, and management. Prerequisite: ECON 5311 or equivalent.
5310. MICROECONOMIC THEORY (3-0). Theories of consumer choice and of the firm; marginal productivity and functional distribution; general equilibrium of production, consumption, and exchange. Prerequisite: ECON 3310 or equivalent or consent of instructor.
5311. ECONOMIC ANALYSIS (3-0). Provides an overview of microeconomics foundations of economic analysis with a focus on business applications. Topics include supply and demand, marginal analysis, pricing issues and theory of the firm. An overview of macroeconomics is also provided, covering monetary and fiscal policy, inflation, growth and international trade. Non-credit for MA in Economics.
5312. MACROECONOMIC THEORY (3-0). Study of the aggregate approach to the economy and the tools of analysis used for the solving of national economic problems. Prerequisite: ECON 3312 or equivalent or consent of instructor.
5313. MANAGERIAL ECONOMICS (3-0). Application of economic analysis in formulating business decisions, drawing upon the theoretical foundations of the concepts of demand, cost, production, profits, and competition, with special emphasis on case studies. Prerequisite: ECON 5311 or equivalent or consent of instructor.
5314. ECONOMICS OF ORGANIZATION AND BUSINESS STRATEGY (3-0). Economic theories of firm and industry behavior including the organization of the firm, oligopoly behavior, strategic entry deterrence, mergers and acquisitions, and technological competition. Prerequisite: ECON 5311 or equivalent.
5318. ECONOMICS OF SPORTS (3-0). Applies basic economic principles to the analysis of professional and amateur sports. Topics covered include fan demand, advertising, team output decisions, league/conference organization, and government and sports. The course is designed to cater to both general business and economics majors. Prerequisite: Consent of instructor.
5319. THE GLOBAL ECONOMY (3-0). Study of growing global economic integration. Tools are developed to undertake a critical examination of integration from both the international trade and international finance sides. Topics include the movement towards increasing free trade and free trade areas; trade and government policy harmonization; exchange rate policy; single currency areas; and positive and negative spillover effects of short- and long-run economic changes. Special attention will be paid to free trade areas such as NAFTA, economic unions such as the European economic area, and the costs inherent in increased economic integration, e.g., the Southeast Asian Crisis. Prerequisite: ECON 5311 or equivalent.
5321. INTERNATIONAL TRADE AND THE GLOBAL MARKETPLACE (3-0). Examines the theory and policy of international trade and investment. The theory part seeks to explain the causal factors that determine the size, composition, and direction of international economic transactions. Special attention is paid to the theory of economic integration and its direct application to the EEC, NAFTA, and other economic blocs. The policy part studies the role of governments in their efforts to regulate, restrict, promote, or influence the conduct of international trade and investment. Prerequisite: ECON 5311 or equivalent.
5327. INTERNATIONAL FINANCE AND OPEN ECONOMY MACROECONOMICS (3-0). Study of international money and capital markets. Determination of output, balance-of-payments and exchange rates under different monetary and exchange rate regimes. Exchange rate intervention by central banks and exchange rate systems in developing countries are also discussed. Prerequisite: ECON 5311 or equivalent.
5329. RESEARCH METHODS IN APPLIED ECONOMICS (3-0). Research problems and methods most commonly encountered by economists in industry and government; specific research projects required in applied areas such as corporate planning, utility rate analysis, manpower planning, micro and macro forecasting, etc.; emphasis on practical research methods and on the presentation of results in coherent written reports. Prerequisites: ECON 5310, 5312, and 5336.
5330. ADVANCED LABOR ECONOMICS (3-0). Economic analysis of the supply of labor, the allocation of labor among alternative uses, investment in human capital, the extent and incidence of unemployment, and the determination of wages. Prerequisite: ECON 5311 or equivalent.
5332. GOVERNMENT, TAXES AND BUSINESS STRATEGY (3-0) The interaction between government and business is broad. Effective business leadership requires the ability to analyze and respond to public policy. Economics provides a framework for understanding the incentives of consumers, businesses, bureaucrats and civil servants in different policy environments and predicting their behavior in response to policy changes. This course focuses primarily on tax policy at the federal, state and local levels, including issues in corporate taxation, personal income tax, treatment of capital gains and loses, tax incidence, work-leisure choices, fiscal competition among state and local governments, capital flight and fiscal federalism. Prerequisite: ECON 5311.
5333. ECONOMICS OF HEALTH (3-0). Employment of economic theory to analyze the health sector and consider problems such as rising prices and maldistribution of resources. Topics include: methods of policy evaluation, impact of prospective payment and managed care, productivity, determinants of health. Prerequisite: ECON 5311 or equivalent.
5336. ECONOMETRICS (3-0). Statistical methods applied to business and economic problems; topics include multiple regression, generalized linear regression, systems estimation. Prerequisites: ECON 5301, BUSA 5301, or equivalent.
5337. BUSINESS & ECONOMIC FORECASTING (3-0). Econometric model-building and forecasting with applications to business and economics. Single equation models, multiple equation models, and time-series models are covered with emphasis on practical problems in analysis and forecasting. Prerequisite: BUSA 5301 or equivalent.
5338. MODERN APPLIED TIME SERIES (3-0). Univariate and multivariate time series; analysis of economic and financial data; out-of-sample forecasting using computer software. Autoregressive-moving average models, vector autoregression, unit roots, co-integration, ARCH and GARCH. Prerequisite: ECON 5336 or equivalent or consent of instructor.
5382. INDEPENDENT STUDIES IN ECONOMICS. Extensive analysis of an economic topic. Prerequisite: consent of instructor and department chair.
5391. SPECIAL TOPICS IN ECONOMICS (3-0). In-depth study of selected topics in economics. May be repeated when topics vary. Prerequisite: consent of instructor.
5398, 5698, or 5998. THESIS. 5398 graded R/F only; 5698 and 5998 graded P/F/R. Prerequisite: permission of Graduate Advisor in economics.