Economics (ECON)

ECON200
Economic Essentials and Issues

Prerequisites: 12 credit hours

Letter grade only. Credit towards the degree cannot be earned in both ECON 200 and ECON 211 and/or ECON 212. This course fulfills the economics requirement for the Minor in Business Administration for non-CoB students and cannot be applied to any other degree program.

Description: Introduction to economic reasoning and methods. Consumer choice, resources, decision making under constraints, supply, demand, markets, economic welfare analysis, measurement, prices, employment, money and interest rates. Economic policy and limitations are evaluated.

This course is a prerequisite for: FINA 300; MRKT 300

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:General Economics and Theory
ACE Outcomes: ACE 8 Civic/Ethics/Stewardship ACE 6 Social Science

Credit Hours:3

ACE:ACE 8 Civic/Ethics/Stewardship ACE 6 Social Science

ECON211
Principles of Macroeconomics

Prerequisites: 12 cr hrs.

Credit toward the degree cannot be earned in both ECON 200 or ECON 210, and in ECON 211 and/or ECON 212.

Description: Introduction to the nature and methods of economics. Economic systems. Measurement and analysis of aggregate variables, such as national income, consumption, saving, investment, international payments, employment, price indices, money supply, and interest rates. Fiscal, monetary, and other policies for macroeconomic stabilization and growth are evaluated.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:General Economics and Theory
ACE Outcomes: ACE 6 Social Science

Credit Hours:3

ACE:ACE 6 Social Science

ECON211H
Honors: Principles of Macroeconomics

Prerequisites: Open only to CoB Honors Academy students in good standing or by permission

Required for College of Business Administration major and for Arts and Sciences economics major. Credit towards degree cannot be earned in both ECON 210 and in ECON 211 or ECON 211H and/or ECON 212 or ECON 212H.

Description: Introduction to the nature and methods of economics. Economic systems. Measurement and analysis of aggregate variables, such as national income, consumption, saving, investment, international payments, employment, price indices, money supply, and interest rates. Fiscal, monetary, and other policies for macroeconomic stabilization and growth are evaluated.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
ACE Outcomes: ACE 6 Social Science

Credit Hours:3

ACE:ACE 6 Social Science

ECON212
Principles of Microeconomics

Prerequisites: 12 cr hrs.

Credit toward the degree cannot be earned in both ECON 200 or ECON 210, and in ECON 211 and/or ECON 212.

Description: Continuation of an introduction to economic methods. With emphasis on analysis and evaluation of markets. Includes demand, supply, elasticity, production costs, consumption utility, monopoly, competition, monopolistic competition, oligopoly, allocative and technical efficiency, and income distribution. Analysis applied to resource markets, unions, antitrust laws, agriculture, international trade, and other economic problems and policies.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:General Economics and Theory
ACE Outcomes: ACE 6 Social Science

Credit Hours:3

ACE:ACE 6 Social Science

ECON212H
Honors: Principles of Microeconomics

Prerequisites: Open only to CoB Honors Academy students in good standing or by permission

Credit toward the degree cannot be earned in both ECON 210, and in ECON 211 or ECON 211H and/or ECON 212 or ECON 212H.

Description: Continuation of an introduction to economic methods. With emphasis on analysis and evaluation of markets. Includes demand, supply, elasticity, production costs, consumption utility, monopoly, competition, monopolistic competition, oligopoly, allocative and technical efficiency, and income distribution. Analysis applied to resource markets, unions, antitrust laws, agriculture, international trade, and other economic problems and policies.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
ACE Outcomes: ACE 6 Social Science

Credit Hours:3

ACE:ACE 6 Social Science

ECON215
Statistics

Prerequisites: Sophomore standing; MATH 104 or equivalent or MATH 106; BSAD 50; 2.5 GPA

Credit toward the degree in the College of Business Administration cannot be earned in both ECON 215, and STAT 218 or EDPS 459 or CRIM 300; or in both ECON 215 and SOCI 206. Credit towards the degree in the College of Arts and Sciences cannot be earned in both ECON 215 and STAT 218, or in both EDPS 459 and STAT 218.

Description: Introduction to the collection, analysis, and interpretation of statistical data used in economics and business. Probability analysis, sampling, hypothesis testings, analysis of trends and seasonality, correlation, and simple regressions.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Quantitative Economics
ACE Outcomes: ACE 3 Math/Stat/Reasoning

Credit Hours:3

ACE:ACE 3 Math/Stat/Reasoning

ECON215H
Honors: Statistics

Prerequisites: Open only to CoB Honors Academy students in good standing or by permission. Sophomore standing; MATH 104 or MATH 106; BSAD 50; 2.5 GPA

Credit toward the degree in the College of Business Administration cannot be earned in both ECON 215H, and STAT 218 or EDPS 459 or CRIM 300; or in both ECON 215H and SOCI 206.

Description: Introduction to the collection, analysis, and interpretation of statistical data used in economics and business. Probability analysis, sampling, hypothesis testings, analysis of trends and seasonality, correlation, and simple regressions.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Quantitative Economics
ACE Outcomes: ACE 3 Math/Stat/Reasoning

Credit Hours:3

ACE:ACE 3 Math/Stat/Reasoning

ECON303
An Introduction to Money and Banking

Prerequisites: ECON 211 and 212 or ECON 210

Description: Understanding of the nature of money, the commercial and central banking system, and the role of money and monetary policy as determinants of the aggregate levels of national spending and income, output, employment, and prices.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Monetary Economics

Credit Hours:3

ACE:

ECON311A
Intermediate Macroeconomics - Quantitative

Prerequisites: ECON 211 and 212; ECON 215 or equivalent; MATH 104 or equivalent

This course is intended for economics majors and those preferring a quantitative approach.

Description: Extensions and elaboration of theories of aggregate production, consumption, savings and investment, and international trade and finance. Detailed analyses of aggregate demand and supply and applications to inflation and unemployment. Various models of a market economy's performance, and analyses of monetary and fiscal policies for macroeconomic stabilization and growth.

This course is a prerequisite for: ECON 315

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Offered:FALL/SPR
Groups:General Economics and Theory

Credit Hours:3

ACE:

ECON311B
Intermediate Macroeconomics - Descriptive

Prerequisites: ECON 211 and 212; ECON 215 or equivalent; MATH 104 or equivalent

This course is intended for non-economics majors and those preferring a descriptive approach.

Description: Extensions and elaboration of theories of aggregate production, consumption, savings and investment, and international trade and finance. Detailed analyses of aggregate demand and supply and applications to inflation and unemployment. Various models of a market economy's performance, and analyses of monetary and fiscal policies for macroeconomic stabilization and growth.

This course is a prerequisite for: AECN 445, NREE 445; ECON 315

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Offered:FALL/SPR
Groups:General Economics and Theory

Credit Hours:3

ACE:

ECON312A
Intermediate Microeconomics - Quantitative

Prerequisites: ECON 211 and 212; ECON 215 or equivalent; MATH 104 or equivalent

This course is intended for economics majors and those preferring a quantitative approach.

Description: Extension and elaboration of the economic theories of the behavior of producers, consumers, and markets. Applications include analyses of taxation, rationing and other government policies, price discrimination, cartels, unions, and international markets.

This course is a prerequisite for: ECON 315; ECON 471

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Offered:FALL/SPR
Groups:General Economics and Theory

Credit Hours:3

ACE:

ECON312B
Intermediate Microeconomics - Descriptive

Prerequisites: ECON 211 and 212; ECON 215 or equivalent; MATH 104 or equivalent

This course is intended for non-economics majors and those preferring a descriptive approach.

Description: Extension and elaboration of the economic theories of the behavior of producers, consumers, and markets. Applications include analyses of taxation, rationing and other government policies, price discrimination, cartels, unions, and international markets.

This course is a prerequisite for: AECN 340; AECN 445, NREE 445; ECON 315; ECON 471

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Offered:FALL/SPR
Groups:General Economics and Theory

Credit Hours:3

ACE:

ECON315
Economic Data Visualization and Analysis

Prerequisites: ECON 211, ECON 212, ECON 215 or equivalents, and either ECON 311A/ECON 311B or ECON 312A/ECON 312B as a prerequisite or concurrent.

Description: Learn to collect, clean, manage, describe, and visualize economic data using modern statistical software such as R, SQL, or Excel. Develop skills to apply economic analysis to business and policy issues. Builds upon the statistical skills and economic theories learned previously but will also introduce new statistical techniques and economic ideas. Each content area will be learned through applications and projects.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Offered:FALL/SPR
Experiential Learning:Case/Project-Based Learning

Credit Hours:3

ACE:

ECON321
Introduction to International Economics

Prerequisites: ECON 211 and 212 or ECON 210

Description: Intermediate survey of international trade and factor movements; balance of payments; commercial policy; economic integration; international monetary system and institutions; exchange rates; and open economy macroeconomics.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:International Trade & Finance
ACE Outcomes: ACE 9 Global/Diversity

Credit Hours:3

ACE:ACE 9 Global/Diversity

ECON365
Financial InstitutionsCrosslisted with FINA 365

Prerequisites: FINA 361 with a grade of C or above or ACTS 440/840

Description: Various institutions which collectively constitute the US financial system and a discussion of their origin and development. Analysis of the supply and demand for funds and characteristic of the main financial markets. Emphasis on the determination of the price of credit and the term structure of interest rates.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Monetary Economics

Credit Hours:3

ACE:

ECON389
Current Economic Issues

Prerequisites: ECON 210, or both ECON 211 and ECON 212; for juniors only.

Description: Critical analysis of economic issues based upon readings of current and historical importance. (Possible topics: pollution, discrimination, poverty, energy, agribusiness, health, demographics, ideology, and crime.)

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:General Economics and Theory

Credit Hours:3

ACE:

ECON395
Professional InternshipCrosslisted with BSAD 395, ACCT 395, ACTS 395, FINA 395, MNGT 395, SCMA 395

Prerequisites: An undergraduate major in the College of Business with at least sophomore standing and departmental consent and acceptance into an approved internship. Departmental credit for course cross-listings may have additional requirements for consent.

May be repeated.

Description: Provides an opportunity to study theories, principles, practices, techniques, and strategies utilized in the business field through an internship related to the major field of study and an integral or important part of their program of study. Reflect on classroom knowledge and develop practical experience in professional business situations through an approved internship.

Course details
Credit Hours:0-3
Max credits per semester:3
Max credits per degree:6
Grading Option:Graded with Option
Experiential Learning:Internship/Co-op

Credit Hours:0-3

ACE:

ECON399
Independent Study

Prerequisites: Prior arrangement with and permission of individual faculty member and completion of proposed plan to departmental office

Description: Special research project or reading program under the direction of a staff member in the department.

Course details
Credit Hours:1-3
Max credits per semester:3
Max credits per degree:24
Grading Option:Pass No Pass

Credit Hours:1-3

ACE:

ECON399H
Honors: Independent Study

Prerequisites: Admission to the University Honors Program or by invitation.

Description: Special research project or reading program.

Course details
Credit Hours:3-6
Max credits per semester:6
Max credits per degree:6
Grading Option:Graded

Credit Hours:3-6

ACE:

ECON403
Money and the Financial SystemCrosslisted with ECON 803

Prerequisites: ECON 210, or both ECON 211 and ECON 212.

Description: Basic policy implications of monetary economics with special reference to the role of money in the determination of income, employment, and prices. Includes demand for and supply of money, commercial and central banking system, monetary policy-making, nonbank financial system, and other issues in monetary economics.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Monetary Economics

Credit Hours:3

ACE:

ECON409
Applied Public Policy AnalysisCrosslisted with ECON 809

Prerequisites: ECON 210, or both ECON 211 and ECON 212; ECON 215 or equivalent.

Description: Experience with research methods in economics. Statistical analysis to investigate economic issues and related policies; find relevant data; perform and interpret univariate and multivariate statistical analyses; and formulate and test specific hypotheses.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Quantitative Economics

Credit Hours:3

ACE:

ECON416
Statistics for Decision MakingCrosslisted with ECON 816

Prerequisites: ECON 215

Description: Decision making under conditions of uncertainty. Introduction to Bayesian methods including the main methods of traditional statistics. Both prior knowledge and consequences of decision error are explicitly taken into account in the analysis.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Quantitative Economics

Credit Hours:3

ACE:

ECON417
Introductory EconometricsCrosslisted with ECON 817

Prerequisites: ECON 210, or both ECON 211 and ECON 212; ECON 215 or equivalent.

Description: Designed to give undergraduate and master's level economics students an introduction to basic econometric methods including economic model estimation and analyses of economic data. Hypothesis formulation and testing, economic prediction and problems in analyzing economic cross-section and time series data are considered.

This course is a prerequisite for: AECN 868

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Econometrics
Experiential Learning:Research

Credit Hours:3

ACE:

ECON419
Topics in Applied ResearchCrosslisted with ECON 819

Prerequisites: ECON 311A or ECON 312B and ECON 312A or ECON 312B

Description: Selected topics involving the use of quantitative methods in applied research.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Offered:FALL
Groups:Quantitative Economics

Credit Hours:3

ACE:

ECON421
International TradeCrosslisted with ECON 821

Prerequisites: ECON 200, or both ECON 211 and ECON 212; ECON 312A or ECON 312B.

Description: Determinants of the volume, prices, and commodity composition of trade. Effects of trade, international resource movements, trade restrictions on resource allocation, income distribution, and social welfare.

This course is a prerequisite for: AECN 901D

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:International Trade & Finance

Credit Hours:3

ACE:

ECON422
International FinanceCrosslisted with ECON 822

Prerequisites: ECON 210, or both ECON 211 and ECON 212.

Description: Determinants of exchange rates, international payments, inflation, unemployment, national income, and interest rates in an open economy. International monetary system and capital and financial markets, and of the mechanisms by which a national economy and the rest of the world adjust to external disturbances.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:International Trade & Finance

Credit Hours:3

ACE:

ECON423
Economics of the Less Developed CountriesCrosslisted with ECON 823

Prerequisites: ECON 210, or both ECON 211 and ECON 212.

Description: Advanced survey of development problems and goals; roles of land, labor, capital, entrepreneurship, and technical progress in economic growth of the less developed countries. Theories and strategies relating to international trade and economic development.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded with Option
Groups:Comp Intrntnl & Reg Develpmnt

Credit Hours:3

ACE:

ECON435
Applied Game Theory

Prerequisites: ECON 212

Description: Introduction to game theory and strategic thinking, with applications drawn from economics, political science, finance, management, and other disciplines. Topics include dominance, Nash equilibrium, entry deterrence, reputation, signaling, strategic communication.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Industrial Organization&Reg

Credit Hours:3

ACE:

ECON440
Regional DevelopmentCrosslisted with ECON 840

Prerequisites: ECON 210, or both ECON 211 and ECON 212; ECON 215

Description: Advanced analysis of regional growth and development. Emphasis on the relationship between national and regional growth as well as local attributes influencing development patterns. Comparisons between developed and developing countries used to highlight similarities and differences in development patterns and policies. Empirical applicability of regional economic models stressed.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Offered:SPRING
Groups:Comp Intrntnl & Reg Develpmnt
ACE Outcomes: ACE 10 Integrated Product

Credit Hours:3

ACE:ACE 10 Integrated Product

ECON445
Gender Economics and Social ProvisioningCrosslisted with ECON 845, WMNS 445, WMNS 845

Prerequisites: ECON 211 or ECON 212

Description: Introduction to the field of feminist economics. Critiques of economic theory and methodology along with gender and household decision-making, the care economy, international migration, development, globalization, the feminization of labor markets,and macroeconomics.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded with Option
Groups:General Economics and Theory
Experiential Learning:Research

Credit Hours:3

ACE:

ECON448
Economics and Financial Management of Sports

Prerequisites: ECON 212, ECON 215 or STAT 218 or STAT 380 or EDPS 459

Description: An introduction to the economic and financial principles relevant to the intercollegiate athletic environment. Examination of the economic factors that influence the delivery of collegiate sport products. Study of the revenue streams and costs applicable to NCAA institutions.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded

Credit Hours:3

ACE:

ECON450
Economics for TeachersCrosslisted with ECON 850

Description: Structure and function of the economic system and problems in achieving goals of efficient allocation of resources, full employment, stable prices, economic growth, and security. Emphasis on teaching of economics at the pre-college level.

Course details
Credit Hours:2-6
Max credits per semester:6
Max credits per degree:6
Grading Option:Graded
Groups:Economic Education

Credit Hours:2-6

ACE:

ECON457
19th Century United States Economic HistoryCrosslisted with ECON 857, HIST 857, HIST 457

Prerequisites: ECON 210, or both ECON 211 and ECON 212.

Description: Transformation of the United States economy from an agrarian to an industrial society and the impact of that transformation on people's livelihoods. The economic of slavery, the impact of the railroads, immigration, and the collective response of business and labor to industrialization.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded

Credit Hours:3

ACE:

ECON458
20th Century United States Economic HistoryCrosslisted with ECON 858, HIST 458, HIST 858

Prerequisites: ECON 211 and ECON 212, or ECON 210.

Description: Transformation of the United States economy in the twentieth century. Attention to the continued consolidation of the business enterprise, business cycle episodes including the Great Depression of the 1930's, organized labor, and the role of government in managing and coping with this transformation in economic life.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
ACE Outcomes: ACE 10 Integrated Product

Credit Hours:3

ACE:ACE 10 Integrated Product

ECON466
Pro-seminar in International RelationsCrosslisted with POLS 466, POLS 866, AECN 467, ECON 866, HIST 479, HIST 879

Prerequisites: Senior standing and permission.

Open to students with an interest in international relations.

Description: Topic varies.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded with Option

Credit Hours:3

ACE:

ECON467
Pro-seminar in International Relations IICrosslisted with ECON 867

Prerequisites: Senior standing and permission.

Open to students with an interest in international relations.

Description: Topics vary.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded

Credit Hours:3

ACE:

ECON471
Public Finance

Prerequisites: ECON 211 and ECON 212; ECON 312A or ECON 312B.

Description: Microeconomic analysis of policy issues in public finance, emphasizing taxation. Includes public goods and externalities; analysis of tax incidence, efficiency, and equity; and fiscal federalism.

This course is a prerequisite for: ECON 971

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Experiential Learning:Fieldwork

Credit Hours:3

ACE:

ECON472
Efficiency in GovernmentCrosslisted with ECON 872

Prerequisites: ECON 210, or both ECON 211 and ECON 212.

Description: Prepares students to conduct social and economic planning, program evaluation, and budgeting. Analysis of the delivery of government goods and services consistent with values and societal goals. Includes: philosophy of government, budget theory, social indicators, social fabric matrix, cost effective analysis, technology assessment, evaluation of the natural environment, and time analysis.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Public Finance
Experiential Learning:Fieldwork

Credit Hours:3

ACE:

ECON477
Economics of the Law

Prerequisites: ECON 212

Description: Economic analysis of the law, focusing on incentives and the efficiency of the legal system. Topics the economic theory and analysis of tort, contract, property, corporate, and antitrust law. Some economic theory and analysis relevant to criminal law are also covered.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded

Credit Hours:3

ACE:

ECON481
Economics of the Labor MarketCrosslisted with ECON 881

Prerequisites: ECON 211, ECON 212 and ECON 215.

Description: Microeconomics of wages and employment; determinants of labor demand and supply; marginal productivity; bargaining theories of wages; labor mobility and allocation among employers; and the impact of unions, government policy, investment in human capital; and discrimination in labor markets.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Labor Economics
ACE Outcomes: ACE 10 Integrated Product

Credit Hours:3

ACE:ACE 10 Integrated Product

ECON482
Labor in the National EconomyCrosslisted with ECON 882

Prerequisites: ECON 211, ECON 212 and ECON 215.

Description: Macroeconomics aspects of labor economics; how the labor sector of the economy and the economy's overall performance are interrelated; analysis of the general level of wages, employment, unemployment, business cycles, and inflation.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Labor Economics
ACE Outcomes: ACE 10 Integrated Product

Credit Hours:3

ACE:ACE 10 Integrated Product

ECON485
The Regulatory Environment for Employment and LaborCrosslisted with MNGT 466, MNGT 866, ECON 885

Prerequisites: Junior standing; MNGT 361

Description: Government regulation of employment and labor relations. Includes laws and agencies relating to employment practices, pay, hours, equal employment opportunity, labor relations, safety, health, pensions, and benefits. Social and economic implications of governmental regulation considered.

Course details
Credit Hours:3
Max credits per semester:3
Max credits per degree:3
Grading Option:Graded
Groups:Labor Economics

Credit Hours:3

ACE:

ECON499H
Honors Thesis

Prerequisites: Admission to the University Honors Program or by invitation, and permission.

Description: Conduct a scholarly research project and write a University Honors Program thesis.

Course details
Credit Hours:3-6
Max credits per semester:6
Max credits per degree:6
Grading Option:Graded

Credit Hours:3-6

ACE: