311. Money and Banking. (3-0). Credit 3.
Fundamental principles of money, credit and
banking; arbitrage conditions in domestic and international
capital markets; theoretical and institutional analysis of
money markets. Prerequisite: ECON 203.
312. Poverty, Inequality and Social Policy.
(3-0). Credit 3.
Determinants of inequality in market earnings;
philosophical and economic reasons for redistributing income;
issues in measurement of inequality and poverty; examination
of major social insurance and welfare programs and how they
affect income distribution and performance of the economy.
Prerequisites: ECON 202 and 203.
319. Economic Development of the United
States. (3-0). Credit 3.
Economic development of United States from colonial
times to present. Prerequisites: ECON 202 and 203.
320. Economic Development of Europe. (3-0).
Credit 3.
Development of wage system expansion of markets,
Industrial Revolution, relation of industrial development to
political policy. Prerequisites: ECON 202 and 203.
322. Applied Microeconomic Theory. (3-0).
Credit 3.
Use of microeconomic theory in the analysis
of problems that would face decision makers, not only in business
but also in government, non-profit firms and other institutions.
Prerequisite: ECON 202. May not be counted toward a major in
economics.
323. Microeconomic Theory. (3-0). Credit
3.
Determination of prices and their role in directing
consumption, production and distribution under both competitive
and non-competitive market situations. Prerequisite: ECON 202.
324. Comparative Economic Systems. (3-0).
Credit 3.
Foundations of the market economy, market socialism,
and economic planning; comparative performance of these alternative
institutional arrangements; economies in transition. Prerequisites:
ECON 202 and 203.
330. Economic Development. (3-0). Credit
3.
A study of the less developed world; economic
problems and solutions. Prerequisites: ECON 202 and 203.
410. Macroeconomic Theory. (3-0). Credit
3.
Theory of the determination of aggregate levels
of national income, employment and prices; monetary and fiscal
policy analysis, effects of government debt and deficits. Prerequisite:
ECON 203.
412. Public Finance. (3-0). Credit 3.
Economic role of governments; the choice of
public sector output in a democracy and the effects of various
taxes on resource allocation and income distribution. Prerequisite:
ECON 322 or 323.
415. History of Economic Thought. (3-0).
Credit 3.
Survey of main strands of economic thinking
from medieval times through the 20th century; classical, socialist,
neoclassical and modern thinkers and the doctrine of the eras.
Prerequisite: ECON 322 or 323.
418. Economics of Labor. (3-0). Credit
3.
Economics of the labor market: factors affecting
the economy's demand for labor and the supply of labor; labor
market problems such as unemployment and poverty; the economics
of trade unions and collective bargaining. Prerequisite: ECON
322 or 323.
420. Law and Economics. (3-0). Credit 3.
Mutual interaction of the prevailing legal system
and economic phenomena; development of a series of testable
hypotheses concerning the effects of laws and regulations on
incentives and economic behavior, the allocation of resources
and the distribution of income. Prerequisite: ECON 322 or 323.
425. The Organization of Industry. (3-0).
Credit 3.
Relationships between structure, conduct and
performance of industries in the American economy using both
theoretical and empirical material; antitrust regulation, pricing,
product characteristics, advertising, technical change and
environmental effects; the American experience contrasted with
that of other countries; growth of international industries.
Prerequisite: ECON 322 or 323.
426. Economics of Antitrust and Regulation.
(3-0). Credit 3.
Bureaucratic and judicial impact of antitrust
laws and other regulatory means on the American economy; efficiency
gains and losses associated with price discrimination, predation,
cartelization, horizontal merger, vertical integration, resale
price maintenance; Supreme Court opinions delivered in landmark
antitrust cases. Prerequisite: ECON 322 or 323.
435. Economics of Resource Scarcity. (3-0).
Credit 3.
Natural resource management and use; problems
of renewable and non-renewable resources including scarcity
and market responses, role of property rights, externalities,
benefit-cost analysis and energy policy. Prerequisite: ECON
322 or 323.
440. Experimental Economics. (3-0). Credit
3.
Experimental techniques in economics and survey
of literature in experimental economics; credibility of experimental
data and criteria for determining reliability; application
of statistical treatment to experimental data. Prerequisite:
ECON 323.
442. Personnel Economics. (3-0). Credit
3.
Exploration of the economics of incentives and
information through the employment relationship; motivation
of workers through incentive pay, promotion tournaments and
threats; ways to avoid adverse selection in the hiring process;
attracting and retaining employees; downsizing. Prerequisite:
ECON 322 or 323.
445. Financial Economics. (3-0). Credit
3.
Economic analysis of money and financial markets;
market structures, efficiency, institutional features; international
markets; arbitrage; derivative securities; asset pricing in
complete and incomplete markets; relation to rest of economy.
Prerequisites: ECON 323; STAT 211 or 303; junior or senior
classification.
452. International Trade Theory and Policy.
(3-0). Credit 3.
Basis for trade; theory of comparative advantage;
determination of product and factor prices; gains from international
trade; commercial policy and its implications for income distribution;
concept of effective protection; market distortions, policy
generated distortions and the arguments for tariffs. Prerequisite:
ECON 322 or 323.
459. Games and Economic Behavior. (3-0).
Credit 3.
Introduction to game theory for advanced undergraduates;
definition and existence of an equilibrium point for strategic,
repeated and extensive form games; strategic and evolutionary
equilibrium refinements; equilibrium selection; applications
include auctions, bargaining, oligopoly, strategic market games,
team production, voting and behavioral game theory. Prerequisite:
MATH 142 or equivalent or approval of instructor.
465. Contemporary Economic Issues. (3-0).
Credit 3.
Application of microeconomic and macroeconomic
analyses to evaluate contemporary economic issues. Prerequisites:
ECON 323 and 410.
485. Directed Studies. Credit 1 to 6.
Research and design of specific problem areas
approved on an individual basis with the intention of promoting
independent study and to supplement existing course offerings.
Results of study presented in writing. Prerequisites: Major
or minor in economics; approval of undergraduate advisor.
489. Special Topics in... Credit 1 to 4.
Selected topics in an identified area of economics.
May be repeated for credit. Prerequisite: Approval of undergraduate
advisor.
