Undergraduate Courses

Course descriptions for economic courses beyond the core courses are available in the University Bulletin.
 
ECON 1001. Principles of Mathematics for Economics. 3 Credits.
Prepares students for college instruction in principles of microeconomic and macroeconomic theory, as well as instruction in business, social science, and basic science courses that do not require knowledge of calculus. Restricted to students who have successfully completed high school algebra I and basic geometry prior to matriculation and who have taken the Assessment and LEarning in Knowledge Spaces (ALEKS) placement examination at GW; No minimum ALEKS score is required for this course.
 
ECON 1011. Principles of Economics I. 3 Credits.
Major economic principles, institutions, and problems in contemporary life. Microeconomics—supply and demand, the price system and how it works, competitive and monopolistic markets.
 
ECON 1012. Principles of Economics II. 3 Credits
Continuation of ECON 1011. Major economic principles, institutions, and problems in contemporary life. Topics in macroeconomics, including national income concepts, unemployment and inflation, institutions of monetary control. Prerequisite: ECON 1011 OR HONR 2043.
 
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. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 or HONR 2044; and MATH 1221 or MATH 1231 or MATH 1252.
 
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. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 or HONR 2044; and MATH 1221 or MATH 1231 or MATH 1252.
 
ECON 2103. Intermediate Microeconomic 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. Corequisite: MATH 1232. Recommended for students pursuing the BS degree in economics. Prerequisites: ECON 1011 and ECON 1012; or HONR 2043 and HONR 2044; MATH 1221 or MATH 1231 or MATH 1252.
 
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. Corequisite: MATH 1232. Recommended for students pursuing the BS degree in economics. Prerequisites: ECON 1011 and ECON 1012; or HONR 2043 and HONR 2044; and MATH 1221 or MATH 1231 or MATH 1252.
 
ECON 2121. Financial Economics. 3 Credits.
Economic analysis of key financial institutions, markets, and variables. Investigation of the performance of asset markets and the roles of money, credit, interest rates, and exchange rates. Examination of private sector institutions like equity markets and the banking system and the roles of regulators like the Federal Reserve. Credit cannot be earned for both ECON 2121 and ECON/FINA 3301. Prerequisites: ECON 1011 and ECON 1012; or HONR 2043 and HONR 2044.
 
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. Prerequisites: ECON 1011 and ECON 1012.
 
ECON 2123. Introduction to Econometrics. 3 Credits.
Construction and testing of economic models: regression theory, parameter estimation, and statistical techniques applicable to economic models. Joint offering of the Departments of Economics and Statistics. Prerequisites: ECON 1011 or HONR 2043; ECON 1012 or HONR 2044; MATH 1221 or MATH 1231 or MATH 1252; and STAT 1051 or STAT 1053 or STAT 1111;. (Same as STAT 2123).
 
ECON 2136. Environmental and Natural Resource Economics. 3 Credits.
Analysis of a variety of environmental and natural resource problems. The economic causes of these problems, their consequences, and the relative merits of alternative policies for dealing with them. Prerequisites: ECON 1011 and ECON 1012; or HONR 2043 and HONR 2044.
 
ECON 2148. Survey of 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.  Credit cannot be earned for both ECON 2148 and ECON 3148.  Prerequisites: ECON 1011 and ECON 1012.
 
ECON 2151. Economic Development. 3 Credits.
Theories and empirical studies of the economic problems of developing countries. Prerequisites: ECON 1011 or HONR 2043 and ECON 1012 or HONR 2044.
 
ECON 2151W. Economic Development. 3 Credits.
Includes a significant engagement in writing as a form of critical inquiry and scholarly expression to satisfy the WID requirement. Prerequisites: ECON 1011 and ECON 1012.
 
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. Prerequisites: ECON 1011 and ECON 1012.
 
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. Prerequisite: ECON 1011ECON 1012.
 
ECON 2159. Government Regulation of the Economy. 3 Credits.
Economic analysis of antitrust and regulation in the American economy. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 or HONR 2044; and ECON 2101 or ECON 2103 or ECON 2158.
 
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. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 or HONR 2044.
 
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. Prerequisites: ECON 1011 or HONR 2043 and ECON 1012 or HONR 2044.
 
ECON 2170. Introduction to the Economy of Japan. 3 Credits.
Analysis of the structure and growth of the Japanese economy. Prerequisites: ECON 1011 and ECON 1012.
 
ECON 2180. Survey of International Economics. 3 Credits.
Basic concepts of international trade and international finance, with emphasis on policy issues. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 or HONR 2044.
 
ECON 2181. International Trade Theory and Policy. 3 Credits.
The basis for international trade and the effect of trade on consumers, producers, and workers; causes and effects of the international movement of factors including foreign direct investment, outsourcing, and migration; and the impacts of trade policies and trade agreements. Credit may not be earned for both ECON 2181 and ECON 3181. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 or HONR 2044.
 
ECON 2182. International Macroeconomic Theory and Policy. 3 Credits.
Topics include the balance of payments, the determination of exchange rates and prices in open economies, the interaction of the exchange rate and domestic economic activity, international financial markets, and exchange rate and financial crises. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 and HONR 2044.
 
ECON 2185. Economic History and Problems of Latin America. 3 Credits.
Analysis of present structures and problems of Latin American economies. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 and HONR 2044.
 
ECON 2195W. Special Topics. 3 Credits.
Includes a significant engagement in writing as a form of critical inquiry and scholarly expression to satisfy the WID requirement.
 
ECON 2198. Special Topics in Economics - Regional. 3 Credits.
Topics cover individual countries or regions of the world and vary depending on current issues of interest and faculty availability. Prerequisites: ECON 1011 and ECON 1012.
 
ECON 2199. Special Topics in Economics. 3 Credits.
Topics vary depending on current issues of interest and faculty availability. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 or HONR 2044.
 
ECON 3105. Economic Forecasting. 3 Credits.
Theory and empirical analyses of economic trends and fluctuations; use of economic indicators and simple econometric models. Prerequisites: ECON 1011 and ECON 1012; and ECON 2102 or ECON 2104; and ECON 2123.
 
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. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 and HONR 2044; and ECON 2101 or ECON 2103.
 
ECON 3148. Health Economics. 3 Credits.
Analysis of economic theories and applications to the demand for and supply of health care. Examination of the role of government in health care, public health, and unhealthy behavior (e.g., smoking). Credit cannot be earned for both ECON 2148 and ECON 3148. Prerequisites: ECON 2101 or ECON 2103.
 
ECON 3161. Public Finance: Expenditure Programs. 3 Credits.
Economic analysis of government spending and social regulation program; public goods, externalities, income transfer and social insurance programs, and benefit-cost analysis of government programs. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 or HONR 2044; and ECON 2101 or ECON 2103.
 
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. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 and HONR 2044; and ECON 2101 or ECON 2103.
 
ECON 3165. Economics of Human Resources. 3 Credits.
Economic analysis of education and training, labor market discrimination, marriage and the family, and social security. Prerequisites: ECON 1011 and ECON 1012; and ECON 2101 or ECON 2103.
 
ECON 3181. International Trade Theory. 3 Credits.
Rigorous examination of theories of international trade that explain why countries trade and their gains from trade. Theories include comparative advantage, the factor-proportions theory of trade, and recent theoretical developments. The course also deals with the theory of trade policies, such as tariffs and quotas. Credit cannot be earned for both ECON 2181 and ECON 3181. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 or HONR 2044; and ECON 2101 or ECON 2103; and MATH 1221, MATH 1231, or MATH 1252.
 
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. Prerequisites: ECON 1011 or HONR 2043; and ECON 1012 or HONR 2044; and ECON 2101 or ECON 2103.
 
ECON 3191. Game Theory. 3 Credits.
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 1011 or HONR 2043; and ECON 1012 or HONR 2044; and ECON 2101 or ECON 2103.
 
ECON 3198. Advanced Topics in Economics - Regional. 3 Credits.
Topics cover individual countries or regions of the world and vary depending on current issues of interest and faculty availability. Prerequisites: Depending on the topic: ECON 2101 (or ECON 2103) or ECON 2102 (or ECON (2104) or ECON 2123.
 
ECON 3199. Advanced Topics in Economics. 3 Credits.
Topics vary depending on current issues of interest and faculty availability Prerequisites: Depending on the topic: ECON 2101 (or ECON 2103) or ECON 2102 (or ECON (2104) or ECON 2123.
 
ECON 4198W. Proseminar in Economics. 3 Credits.
Preparation and presentation of a research paper in any field of economics agreed upon by the student and instructor. Includes a significant engagement in writing as a form of critical inquiry and scholarly expression to satisfy the WID requirement. Restricted to seniors in the economics program. Prerequisites: ECON 2101 or ECON 2103; and ECON 2102 or ECON 2104. Recommended background: Prior or concurrent enrollment in ECON 2123 or STAT 2112 or STAT 2118.
 
ECON 4199. Independent Research - Economics. 3 Credits.
Independent research. Prerequisites: ECON 1011 and ECON 1012; and completion of 12 credits of upper-division economics courses, including ECON 2101 or ECON 2103 and ECON 2102 or ECON 2104, with a minimum grade-point average of 3.4; and approval of an independent research project by a faculty member of the economics department.