Economics

Economics 1001 (formerly C050): Introduction to the Economy
3 credit hours

A discussion of what economics is all about. This course provides an overview of how a market economy operates, what it does well, what it may not do so well, and what could be done instead. The concepts of economic analysis are developed and applied to discussing some of the current economic problems the world is facing. Students planning to take 0200-level economics courses may have to take Economics 1101 or Economics 1102 in addition to Economics 1001. Look at prerequisites for a particular course to see if Economics 1101 or Economics 1102 is specified. Note, this course is designated for students who are not business or economics majors.

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Economics 1101 (formerly C051): Macroeconomic Principles
3 credit hours

An introductory course concerned primarily with the fundamentals of an economic system, including the problems of inflation, unemployment, income distribution, economic growth, and related topics. Note, Economics 1101 and Economics 1102 may be taken in either order.

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Economics 1102 (formerly C052): Microeconomic Principles
3 credit hours

An introductory course emphasizing an analysis of the functioning of the market system as one form of a modern economic society. Note, Economics 1101 and Economics 1102 may be taken in either order.

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Economics 1103 (formerly C055): Global Economic Issues
3 credit hours

An examination of the global context in which the U.S. economy functions. Basic growth, the persistence of underdevelopment, differing economic systems, and the interdependence of nations in the world economy are all looked at. Special topics that may be investigated include the debt crisis, protectionism, the role of multinational corporations, and the gap between rich and poor nations. Note, this course may not be taken by business majors as a substitute for Economics 1101, Economics 1102, Economics C053, Economics C091, or Economics C092.

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Economics 3501 (formerly 0201): Intermediate Microeconomic Analysis
3 credit hours

Prerequisite: Economics 1101 and Economics 1102 or permission of instructor

An intermediate treatment of microeconomic theory and applications. Topics include consumer behavior, production, costs, perfect competition, imperfect competition, factors, markets, public goods, and market failure.

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Economics 3502 (formerly 0202): Intermediate Macroeconomic Analysis
3 credit hours

Prerequisite: Economics 1101 and Economics 1102 or permission of instructor

An intermediate treatment of macroeconomic theory and policy. Following a discussion of the important macroeconomic sectors, static and dynamic macroeconomic models are developed. Unemployment, inflation, business cycles, monetary and fiscal policy, economic growth, and the balance of payments are then analyzed using these models.

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Economics 3506 (formerly 0255): Energy, Ecology, and Economy
3 credit hours

Prerequisite: Economics 1101 and 1102; or permission of instructor

After surveying the elements of energy and ecology, and reviewing the basics of economics, this course investigates the interaction of the three. Each of the major nonrenewable and renewable energy sources is examined in light of its "eco-feasibility". The potential of energy conservation is examined, and the need for energy/environmental/economic (3-E) policy is debated. Some speculations about future 3-E scenarios are offered, as the U.S. and the rest of the world face their energy, ecological, and economic problems.

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Economics 3531 (formerly 0217): History of Economic Theory
3 credit hours

Prerequisite: Economics 1101 and Economics 1102 or permission of instructor

A look at the development of economic analysis from the pre-classical period to the neoclassical tradition that dominates contemporary mainstream economic thinking. The emphasis is on the work of Adam Smith, Malthus, Ricardo, the Marginalists, Marx, and Marshall.

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Economics 3547 (formerly 0220): Economics of Development and Growth
3 credit hours

Prerequisite: Economics 1101 and Economics 1102 or permission of instructor

A study of the factors determining economic development and growth, of relevant theories and empirical studies, and of the role of noneconomic factors.

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Economics 3532 (formerly 0235): Economic History of the United States
3 credit hours

(Cross-Listings: American Studies 2120 & History 2213)

A survey of America's economic development from colonial times to the present. Topics include the evolution of the colonial economy under British rule, industrialization and the growth of the national economy, the economics of slavery and the Civil War, the Great Depression, and America's role in the world economy since 1945.

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Economics 3504 (formerly 0240): Mathematical Economics
3 credit hours

Prerequisite: Mathematics C075, Mathematics 1031, or Mathematics C085; Economics 1101 and Economics 1102 or Economics C053; or permission of instructor

A presentation of the elements of set theory, calculus, and matrix algebra. These elements are then used to analyze mathematical models from economic theory, econometrics, management science, and statistics.

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Economics 3503 (formerly 0241): Introduction to Econometrics
3 credit hours

Prerequisite: Statistics 2101, Statistics 2102, Economics 1101, and Economics 1102; or permission of instructor

An introduction to the theory and practice of econometrics. Topics include a review of basic statistics, simple regression, multiple regression, dummy variables, autocorrelation, heteroscedasticity, and model specification. Applications in economics are stressed. Problem sets, computer estimation of economic relationships, and a data analysis paper are required.

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Economics 3505 (formerly 0245): Monetary Theory and Policy
3 credit hours

Prerequisite: Finance 3011, Economics 3502, or permission of instructor

An examination of the role of money in open and closed economies. Topics include money demand and supply, the role of money in equilibrium macroeconomic models, and monetary policy.

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Economics 3512 (formerly 0246): Public Finance
3 credit hours

Prerequisite: Economics 1101 and Economics 1102 or permission of instructor

An overview of the economics of the public sector. Topics include public revenue, public expenditures, debt management, and tax incidence.

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Economics 3563 (formerly 0250): International Trade
3 credit hours

Prerequisite: Economics 1101 and Economics 1102 or permission of instructor

A study of the basic principles of international trade, commercial policy, and factor movements. The relationship between trade, economic growth, and development also are studied, as are the global aspects of U.S. trade policy and protectionism.

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Economics 3564 (formerly 0251): International Monetary Economics
3 credit hours

Prerequisite: Economics 1101 and Economics 1102 or permission of instructor

An analysis of the balance of payments and foreign currency markets. The course includes a look at aspects of foreign investment and debt and at the international payments system and exchange rate regimes.

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Economics 0260: Economic Decision making
3 credit hours

Prerequisite: Economics 1001 or Economics 1101

An analysis of the role of motives in individual economic decision making.

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Economics 3543 (formerly 0267): Law and Economics
3 credit hours

Prerequisite: Economics 1102 or equivalent

An introduction to the economic analysis of law. The course employs microeconomics to develop a behavioral model of response to legal rules. Topics covered include the common laws of property, contract, and tort as well as an extended discussion of intellectual property.

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Economics 3545 (formerly 0270): The Economics of Labor Markets
3 credit hours

Prerequisite: Economics 1101 and Economics 1102 or permission of instructor

An examination of the nature of labor market equilibrium. Topics include fertility and migration, the allocation of time and occupational choice, human capital, and discrimination.

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Economics 3546 (formerly 0272): Women in the Economy
3 credit hours

Prerequisite: Economics 1101 and Economics 1102 or permission of instructor

A labor economics course that compares the role of women in the Japanese economy and other industrialized economies. The course examines alternative economic theories, including those explaining the choice between paid and unpaid employment, issues of discrimination, and changes in the nature of women's work.

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Economics 3538 (formerly 0287): Managerial Economics
3 credit hours

Prerequisite: Economics 1101 and Economics 1102 or permission of instructor

An application of microeconomic principles to business planning and decision making.

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Economics 3598 (formerly W302): Economics Writing Seminar
3 credit hours

Prerequisite: Economics 3501 and Economics 3502

A course in fulfillment of the advanced writing requirement for economics majors in the College of Liberal Arts. Students are expected to demonstrate through a series of writing assignments that they can use the economic techniques learned in previous courses to analyze current economic policy issues.

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Economics 3580 (formerly 0394): Special Topics
3 credit hours

Prerequisite: Economics 1101 and 1102 or permission of instructor

A special topics in current developments course in the field of economics. Note, as long as the topic is different, Economics 3580 may be repeated for credit.

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Economics 3580 (formerly 0394): Special Topics: Japan in the World Economy
3 credit hours

(Cross-Listings: Asian Studies 3000)

Prerequisite: Economics 1101 and 1102 or permission of instructor

A survey of recent issues and developments in the Japanese economy. Topics include Japanese financial markets; Japanese labor markets; and Japan's role in the international economy, with an emphasis on trade issues. Note, as long as the topic is different, Economics 3580 may be repeated for credit.

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Economics 3580 (formerly 0394): Special Topics: The Japanese Corporation in the Global Economy
3 credit hours

(Cross-Listings: Asian Studies 2000)

Prerequisite: Economics 1101 and 1102 or permission of instructor

An introduction to the study of the Japanese corporate structure in the context of a continually globalizing world. Through an objective investigation of the Japanese structure, the student will hopefully gain a more balanced perspective of the strengths and weaknesses of the Japanese firm and, hence, of the Japanese economy. Being part of the Japan in the Global Economy series, this course centers on Japan and situates Japan in the context of the global environment. This course is to be administered on a fully on-line basis to allow students some flexibility in scheduling their studies. Note, as long as the topic is different, Economics 3580 may be repeated for credit.

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