Undergraduate Courses

Course descriptions for economic courses beyond the core courses are available in the University Bulletin.
 
ECON 1011-12  Principles of Economics (3 credits)
Major economic principles, institutions, and problems in contemporary life. Econ 1011: Microeconomics—supply and demand, the price system and how it works, competitive and monopolistic markets. Econ 1012: Macroeconomics—national income concepts, unemployment and inflation, institutions of monetary control. Econ 1011 is prerequisite to Econ 1012. (Econ 1011 or 1012—Fall and Spring)
 
ECON 2101 Intermediate Microeconomic Theory (3 credits)
Analysis of household economic behavior, including derivation of demand functions. Analysis of firm behavior, including derivation of supply frameworks. Demand and supply interaction under various market structures and in factor markets. Prerequisite: Math 1221, 1231, 1252, or  equivalent. (Fall and Spring)
 
ECON 2102 Intermediate Macroeconomic Theory (3 credits)
Investigation of the determinants of national income, inflation, unemployment, and interest rates. Alternative business cycle theories, with emphasis on the role of imperfect information, uncertainty, and expectations. Math 1221, 1231, 1252, or  equivalent. (Fall and spring)
 
ECON 2103 Intermediate Macroeconomics Theory: A Mathematical Approach (3 credits)
Analysis of household economic behavior, including derivation of demand functions, and of firm behavior, including derivation of supply frameworks. Demand and supply interaction under various market structures and in factor markets. Reliance on constrained and  unconstrained  optimization techniques when analyzing household and firm behavior. Recommended  for students pursuing the B.S. degree. Corequisite: Math 1232 or equivalent. (Fall and Spring)
 
ECON 2104 Intermediate Macroeconomic Theory: A Mathematical Approach (3 credits)
Development and application of mathematical models of aggregate economic behavior with a focus on the intertemporal choices made by households, firms, and governments. The use of rigorous economic analysis provides a deeper understanding of the determinants of the  economy’s performance. Recommended for students pursuing the B.S. degree. Corequisite: Math 1232 or equivalent. (Fall and Spring)
 
ECON 2121 Money and Banking (3 credits)
The role of money, credit, interest rates, foreign exchange rates, and commercial banks and other financial institutions in the U.S. economy. (Fall and Spring)
 
ECON 2122 Monetary Theory and Policy (3 credits) 
Analysis of classic and modern monetary theories and their application to current economic conditions. The links between theory and policy. The altered role of money over time; the new money technology. (Spring)
 
ECON 2123 Introduction to Econometrics (3 credits)
Joint offering of the Economics and Statistics Departments. Construction and testing of economic models: regression theory, parameter estimation, and statistical techniques applicable to economic models. Prerequisite: Math 1231 or equivalent; Stat 1051, 1053, 1111 or equivalent. (Fall and Spring)


ECON 2133 Economies of the Former Soviet Union and Easter Europe (3 credits)

Analysis of the transition process in the former Soviet Union and Eastern Europe. Topics include economic models of planned economies and comparative analysis of economic development programs of the newly independent states and Eastern Europe. (Fall)
 
ECON 2135 Microeconomic Policy Analysis (3 credits)
This course has two major aims. The first is to illustrate how  microeconomics can be used to analyze a wide variety of policy issues. A microeconomic analysis framework is developed, stressing efficiency and equity aspects. The framework is then applied to a number of policy-related topics. These may include public goods, externalities, commodity taxation, and price discrimination. The second aim involves developing and practicing  writing skills in economics. Because this is a WID COURSE, there is a sizable writing component, accounting for 50% of the course grade. (Spring)
 
ECON 2136 Natural Resources and Environmental Economics (3 credits)
Analysis of market mechanisms that allocate energy and natural and environmental resources; investigation of actual and optimal resource allocation across uses and time; review of arguments for public intervention. (Spring)
 
ECON 2148 Health Economics (3 credits)
Economic analysis of the determinants of demand, supply, output, and distribution in the health care sector, with special emphasis on current policy issues of access, quality, and cost. (Spring)
 
ECON 2151 Economic Development (3 credits)
Theories and empirical studies of the economic problems of developing countries. (Fall and Spring)
 
ECON 2157 Urban and Regional Economics (3 credits) 
Analysis of the determinants of urban growth and development; firm location; the functioning of urban land and housing markets.
 
ECON 2158 Industrial Organization (3 credits)
Analysis of market structure, conduct, and performance of firms in a market economy, with emphasis on case studies of U.S. industries. (Fall)
 
ECON 2159 Government Regulation of the Economy (3 credits)
Economic analysis of antitrust and regulation in the American economy. Prerequisite: Econ 2101 or 2158. (Spring)
 
ECON 2167 Economics of Crime (3 credits)
Analysis of crime, both empirical and theoretical, that examines the links between law and economics, the economics of criminal participation, and the economics of law enforcement. (Spring)
 
ECON 2169 Introduction to the Economy of China (3 credits)
Background, organization, and operation of the economy. Appraisal of performance and analysis of problems of development. (Fall)
 
ECON 2170 Introduction to the Economy of Japan (3 credits)
Analysis of the structure and growth of the Japanese economy. (Spring)
 
ECON 2180 Survey of International Economics (3 credits)
Basic concepts of international trade and international finance, with emphasis on policy issues.
 
ECON 2181-82 International Economics (3 credits each) 
Econ 2181: International trade theory and policy. Econ 2182: International macroeconomic theory and policy. (Academic year)
 
ECON 2185 Economic History and Problems of Latin America (3 credits)
Analysis of present structures and problems of Latin American economies.
 
ECON 2195 Special Topics (3 credits)
Topics vary, depending on current issues of interest and faculty availability.
 
ECON 3105 Economic Forecasting (3 credits)
Theory and empirical analyses of economic trends and fluctuations; use of economic indicators and simple econometric models. Prerequisite: Econ 2102 or 2104; corequisite: Econ 2123. (Fall)
 
ECON 3142 Labor Economics (3 credits)
Analysis of labor supply and demand; measurement and theory of unemployment; occupational choice; wage differentials; labor market issues and policies. Prerequisite: Econ 2101 or 2103. (Fall)
 
ECON 3161 Public Finance: Expenditure Programs (3 credits)
Economic analysis of government spending and social regulation programs. Topics include public goods, externalities, income transfer and social insurance programs, and benefit–cost analysis of government programs. Prerequisite: Econ 2101 or 2103. (Fall)
 
ECON 3162 Public Finance: Taxation (3 credits)
Economic analysis of taxes. Topics include  individual and corporate income taxes, payroll taxes, sales and excise taxes, property and wealth taxes, design of tax systems, and effects of taxation on labor and capital markets. Prerequisite: Econ 2101 or 2103. (Spring)
 
ECON 3165 Economics of Human Resources (3 credits)
Economic analysis of education and training, labor market discrimination, marriage and the family, and social security. Prerequisite: Econ 2101 or 2103.
 
ECON 3190 Law and Economics (3 credits)
An introduction to the economic analysis of legal systems. How laws alter behavior and how laws might be designed to satisfy efficiency and fairness criteria. Prerequisite: Econ 2101 or 2103.
 
ECON 3191 Game Theory (3 credits)
An introduction to game theory, covering concepts such as Nash equilibrium, evolutionary games, backward induction and subgame perfection, Bayesian—Nash games of imperfect information, adverse selection, and moral hazard. Prerequisites: Econ 2101 or 2103; Math 1221, 1231, 1252, or equivalent. (Fall and Spring)
 
ECON 4198W Proseminar (3 credits)
Preparation and presentation of a research paper in any field of economics agreed upon by student and instructor. Review of selected topics in contemporary economics. Open only to economics majors in their senior year. (Fall and Spring)
 
ECON 4199 Independent Research (3 credits)
Prerequisite: Completion of 12 hours of upper-level economics courses, including Econ 2101 or 2102, with a minimum grade-point average of 3.4; and approval of an independent research project by a faculty member of the Economics Department.