110
PRINCIPLES OF MACROECONOMICS
Macroeconomics deals with problems of the economic
system as a whole. What influences the level of national income and employment?
What is inflation and why do we have it? What is the role of government
in a modern capitalistic system? How does business organize to produce
the goods and services we demand? How are the American financial and banking
systems organized? What is the nature of American unionism? What are the
elements of government finance and fiscal policy?
111 PRINCIPLES OF MICROECONOMICS
This course focuses upon microeconomics and selected
current economic problems. It deals with the relatively small units of
the economy such as the firm and the family. Analyzes demand and supply.
Discusses how business firms decide what and how much to produce and how
goods and services are priced in different types of markets. Also considers
such problems as economic growth, international trade, poverty, discrimination,
ecology, and alternative economic systems.
220 MONEY AND BANKING
Covers business fluctuations and monetary and
fiscal policy; the financial organization of society; the banking system;
credit institutions; capital markets, and international financial relations.
Prerequisite: Econ 110.
224 URBAN PROBLEMS
The application of economic theory to the study
of significant social, political, and economic problems associated with
urbanization, including poverty, employment, education, crime, health,
housing, land use and the envir-onment, transportation, and public finance.
Analysis of solutions offered. Prerequisite:
Econ 110 or 111, or consent of instructor. Alternate years.
225 ENVIRONMENTAL ECONOMICS
A study of the relationship between environmental
decay and economic growth, with particular reference to failures of the
price and property-rights systems; application of cost/benefit analysis,
measures aimed at the creation of an ecologically-viable economy.
229 BUSINESS CYCLES AND FORECASTING
An introduction to the nature and history of
business fluctuations, the tools used in aggregate analysis, theories that
seek to explain the cycle, and techniques used in forecasting economic
activity. Prerequisite: Econ 110 or
consent of instructor. Alternate years.
230 ECONOMETRICS
Econometric models provide one of the most useful
and necessary sets of tools for decision-making. By using a variety of
modern statistical methods, econometrics helps us to estimate economic
relationships, test different economic behaviors, and forecast different
economic variables. Prerequisites: Math
103, Econ 110 and 111, or consent of instructor. Alternate years.
240 ECONOMIC GEOGRAPHY
An introduction to the theory and the practice
of economic geography with emphasis upon the historical dynamics of local,
regional, and global organization. This course considers the forces
reshaping global economic geography including the factors that determine
the competitive advantage of nations. These factors include resources
such as food, energy, materials, and changing patterns of world population.
Also included will be theoretical literature regarding locational decisions
and choice, as well as the rapidly changing global economy in the context
of trade theory and the shifting focus of international economic activities.
327 PUBLIC CHOICE
This course focuses on the application
of economics to the political process of voting and bureaucratic behavior.
A major theme will be the study of problems that can occur within the democratic
process because the incentives given to public servants do not always match
society's best interest. Policies and institutions that can improve
such problems will be explored. U.S. elections and campaigns will
provide many of the applications for the class. Prerequisite:
Econ 110 or 111, or consent of instructor. Alternate years.
330 INTERMEDIATE MICROECONOMICS
An advanced analysis of contemporary theory regarding
consumer demand, production costs and theory, profit maximization, market
structures, and the determinants of returns to the factors of production.
Prerequisite: Econ 110. Alternate
years.
331 INTERMEDIATE MACROECONOMICS
An advanced analysis of contemporary theory and
practice with regard to business fluctuation, national income accounting,
the determination of income and employment levels, and the use of monetary
and fiscal policy. Prerequisite: Econ
110. Alternate years.
332 GOVERNMENT AND THE ECONOMY
An analytical survey of government's efforts
to maintain competition through antitrust legislation to supervise acceptable
cases of private monopoly, through public utility regulation and via means
of regulatory commissions, and to encourage or restrain various types of
private economic activities. Prerequisite:
Econ 110 and 111, or consent of instructor.
335 LABOR PROBLEMS
The history of organized labor in the United
States, including the structure of unions, employers' opposition to unions,
the role of government in labor-management relations and the economic impact
of unions. Prerequisite: Econ 110or
111, or consent of instructor. Alternate years.
337 PUBLIC FINANCE
An analysis of the fiscal economics of the public
sector, including the development, concepts, and theories of public expenditures,
taxation, and debt at all levels of American government. Also includes
the use of fiscal policy as an economic control device. Prerequisite:
Econ 110 and 111, or consent of instructor. Alternate years.
343 INTERNATIONAL TRADE
A study of the principles, theories, development,
and policies concerning international economic relations, with particular
reference to the United States. Subjects covered include: U.S. commercial
policy and its development, international trade theory, tariffs and other
protectionist devices, international monetary system and its problems,
balance of payments issues. Prerequisite:
Econ 110 and 111. Alternate years.
349 MANAGEMENT PRACTICUM
An apprentice-level work experience for junior
or senior economics majors jointly sponsored by the department and a public
or private agency (or a subdivision of the college itself) designed to
better integrate classroom theory and workplace practice. In addition to
attendance at a weekly seminar, students will spend 10-12 hours per week
at the sponsoring agency per unit of credit. At least one-half of the effort
expended will consist of academic work related to agency activities.
440 HISTORY OF ECONOMIC THOUGHT
A discussion of the origins, development, and
significance of the economic ideas embodied in the works of Smith, Marx,
Schumpeter, Keynes, and others. Prerequisite:
Econ 110 or consent of instructor. Alternate years.
441 MANAGERIAL ECONOMICS
The application of economic theory and methodology
to the solution of business problems. Subjects include: optimizing techniques,
risk analysis, demand theory, production theory, cost theory, linear pro-
gramming, capital budgeting, market structures, and the theory of pricing.
Prerequisite: Econ 110 and 111.
470-479 INTERNSHIP
Typically off-campus in business, banking, or
government, supervised by assigned employee of sponsoring organization.
N80-N89 INDEPENDENT STUDY
Superior students may select independent study
in various courses, particularly in preparation for graduate school.
490-491 INDEPENDENT STUDY FOR
DEPARTMENTAL HONORS
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