Economics Course Descriptions

ECON 2001 Principles of Macroeconomics: Recitation (0 semester hours) This course is designed as a recitation or practice session for ECON 2301 Principles of Macroeconomics core curriculum course. Corequisite: ECON 2301. (1-0) S

ECON 2301 (ECON 2301) Principles of Macroeconomics (3 semester hours) An introduction to theories of the determination of national production and income, interest rates, inflation, and unemployment. Other topics include the banking system, the balance of payments, economic growth and development. (3-0) S

ECON 2302 (ECON 2302) Principles of Microeconomics (3 semester hours) An introduction to theories of the behavior of markets. Topics include the theory of demand and supply, market structure, resource markets, international interdependence in commodity markets, the role of government policy and regulation. Note: ECON 2302 may be taken prior to ECON 2301(3-0) S

ECON 3304 Basic Techniques for Economic Research (3 semester hours) An introduction to the primary methods used in economic research. Topics include information technology, computer software, mathematics and statistics for economists. This course is designed to provide a foundation for all other upper level economics and finance courses. Prerequisites: College level algebra and college level statistics [(MATH 1314 and STAT 1342) or (MATH 1314 and EPPS 3405)]. This course does not apply toward the Bachelor of Science in Economics. (3-0) Y

ECON 3310 Intermediate Microeconomic Theory (3 semester hours) The study of theories of demand, production, competition, markets, and welfare. Implications of theory for purposes of public policy prescriptions are given particular emphasis. Prerequisite: ECON 2302 and either ECON 3304, MATH 2417 or MATH 1325, or permission of instructor. (3-0) S

ECON 3311 Intermediate Macroeconomic Theory (3 semester hours) A study of the determinants of national income, employment, interest rates, and the price level, including theories and evidence regarding the influence of monetary and fiscal policies on the economy. Prerequisites: ECON 2301, ECON 2302 and (ECON 3304 or MATH 2417 or MATH 1325), or permission of instructor. (3-0) S

ECON 3312 Money and Banking (3 semester hours) The development, structure, and regulation of financial institutions and the roles of these institutions in determining the money supply and level of economic activity. (3-0) T

ECON 3315 Economics of Sports (3 semester hours) Applies principles of economic analysis to look at the nature and characteristics of professional and amateur sports industries. Examines franchising and profit-maximization, monopoly and anti-trust, public financing of sports facilities, labor markets for players, team competitive balance, discrimination and other themes. Prerequisite: ECON 2302. (3-0) T

ECON 3330 Economics of Health (3 semester hours) A study of personal and public expenditures on health care, the markets for medical personnel, the medical industry, the health insurance market, and present and proposed health care policies. This course fulfills the University’s writing requirement. Recommended Prerequisite: ECON 3310. (3-0) R

ECON 3335 Psychology and Economics (3 semester hours) A study of the ways economists use basic principles from psychology in order to test and augment economic theory. Prerequisite: ECON 2302. (3-0) R

ECON 3336 Economics of Education (3 semester hours) This course looks at education through the lens of economics. Topics include ways to finance education, various controversies in the production of human capital, public policies that are designed to improve education and the consequences of poor educational performance. Prerequisite: ECON 2302. (3-0) R

ECON 3337 Economics of Poverty and Inequality (3 semester hours) Examines the economic causes and consequences of poverty and inequality. Topics include US welfare policy and transfer programs. Prerequisite: ECON 2302. (3-0) R

ECON 3369 Political Economy of Terrorism (3 semester hours) Economic and statistical methods applied to terrorism. Topics include liberal democracy dilemma, counterterrorism, history of terrorism, international cooperation, and game theory applications. Prerequisite: ECON 2302. (3-0) R

ECON 3381 Economic History (3 semester hours) A review of the history of Western civilization, with particular emphasis on the economic influences of money, resources, production, and trade on political and social events. This course is also recommended for students who are not economics majors. (3-0) R

ECON 4301 Game Theory (3 semester hours) Rational decision-making in strategic situations where the optimal decision for one player depends upon the strategies of others. The emphasis is on non-zero sum, non-cooperative games in various frameworks: Single-period, repeated, and dynamic games with either symmetric or asymmetric information available to the players are considered. Equilibrium concepts include Nash equilibrium in pure strategies and mixed strategies, Bayesian Nash equilibrium, and refinements of Nash equilibrium such as Subgame Perfect equilibrium are considered. Games are illustrated through the use of economic examples, such as pricing and output decisions of firms, common property usage, bargaining, international trade games, and games of market entry. Prerequisite: ECON 3310. (3-0) T

ECON 4310 Managerial Economics (3 semester hours) The development of tools based on economic principles for managerial decisions about pricing, costing, market structure and strategic competition. Prerequisites: ECON 3304 or MATH 1325 or MATH 2417. (3-0) R

ECON 4320 Public Sector Economics (3 semester hours) A study of the economics of the public sector, including taxation, public expenditures, and fiscal policy. Examines the theoretical foundation for government intervention in the economy, and the incentive effects of government policies on work, investment, and the spending of income. Prerequisite: ECON 3310. (3-0) Y

ECON 4330 Law and Economics (3 semester hours) Contracts, torts, and property rights, integrating economic theory concerning efficiency and equity with actual legal cases. Topics include medical malpractice, habitability laws, zoning, crime deterrence, environmental laws, and discrimination. This course is also recommended for students who are not economics majors. (3-0) R

ECON 4332 Energy and Natural Resources Economics (3 semester hours) This course is a study in the application of economics to renewable and nonrenewable natural resources problems and to the role of the energy sector in the world economy. This course fulfills the University’s writing requirement. Prerequisite: ECON 2302. (3-0) R

ECON 4333 Environmental Economics (3 semester hours) A study of people and their environment, emphasizing the social and economic consequences of development and pollution. Alternative public policies for dealing with environmental impacts are explored. Prerequisite: ECON 2302. (3-0) T

ECON 4334 Experimental Economics (3 semester hours) This is a course in the use of laboratory methods to study behavior in economics and the social sciences. Students will study state-of-the-art methodology in experimental economics, including experimental design, laboratory technique, financial incentives, and analysis of data. Students will participate in, design, and conduct experiments in bargaining, auctions, asset markets, public goods and commons situations, and risky decision-making. Prerequisite: ECON 3310. (3-0) T

ECON 4336 Environmental Economic Theory and Policy (3 semester hours) Economic and ecology aims at understanding the workings of highly interconnected systems in which trade-offs among goals of participants and policy makers are unavoidable. This course brings them together to study the environmental implications of environmental growth and development and to utilize the tools of economic theory to analyze ecological problems and suggest practical policy solutions that are efficient as well as effective. Topics include environmental ethics, collective goods, externalities, pollution control, energy, economics and ecology, and climate change. Prerequisite: ECON 2302. (3-0) R

ECON 4340 Labor Economics and Human Resources (3 semester hours) Analyses of wage and employment determination, the role of unions and government in labor market outcomes; discussion of such issues as human capital, discrimination, occupational safety and health, and labor market segmentation. Prerequisite: ECON 3310. (3-0) T

ECON 4342 Public Policies Toward Business (3 semester hours) Analysis of the economic rationale for government intervention in markets. The course considers direct intervention in the form of price, entry, and/or product quality directives, the economic welfare foundations of public utility economics, and the theory of regulation and deregulation, including indirect regulation through antitrust laws. Topics include collusion, price discrimination, vertical restraints, and other attempts to monopolize a market. Prerequisite: ECON 3310. (3-0) R

ECON 4345 Industrial Organization (3 semester hours) Market structure, firm conduct, and social performance of industries with emphasis on firms’ strategic behavior in price and nonprice competition. Topics include oligopoly pricing, strategic entry deterrence, location strategies, product differentiation, advertising, research and development, and the effect of firms’ conduct on economic welfare and market structure. Prerequisite: ECON 3310. (3-0) T

ECON 4346 Technology, Economy, and Society (3 semester hours) This course explores the ways technology and society shape one another in an economic context. Drawing on theoretical and research contributions from several social sciences, the course devotes primary attention to the economic impacts of so-called information and communication technologies (ICT) on employment and earnings, job creation and destruction, new firm formation and failure, as well as profit and productivity. (3-0) R

ECON 4348 Business and Technology (3 semester hours) This course explores the role of technological innovation in macroeconomic performance and firm-level business activity. It highlights theoretical and research contributions from across the several social sciences, engineering, and management. Topics include reflection on how technical advances emerge from - and have their impacts shaped within - markets and broader societal organization. The roles of domestic political institutions and public policy, as well as geo-political contexts, will be used to illustrate the broader implications of the technology-business relationship. Prerequisite: ECON 2302 or permission of the instructor. (3-0) R

ECON 4351 Mathematical Economics (3 semester hours) Mathematical formulation of economic theories such as static and dynamic analysis of market behavior and macroeconomic models. Introduction to optimization techniques and linear algebra. Prerequisite: ECON 3304 or MATH 2418 or MATH 2333. (3-0) Y

ECON 4355 Econometrics (3 semester hours) The application of statistical methods to economic analysis; particular attention is given to regression analysis and hypothesis testing. Prerequisite: ECON 3304 or MATH 2418 or MATH 2333. (3-0) Y

ECON 4360 International Trade (3 semester hours) Studies international relationships among national economies with a principal focus on trade relationships. Examines theories of trade, rationale for protectionism, and the foundation of exchange markets. Prerequisite: ECON 3310. (3-0) Y

ECON 4362 Development Economics (3 semester hours) A study of development and economic growth, with a principal focus on less developed countries. Includes theories and patterns of development, the role of human resources, capital resources, agriculture, and international markets. Prerequisites: ECON 2302 and ECON 3311. (3-0) R

ECON 4381 History of Economic Ideas (3 semester hours) An investigation into the writings and ideas of economists past and present. Beginning with the ancient Greeks and ending with contemporary radical economic thought, the course places current economic issues into historical perspective. Works by Smith, Malthus, Mill, Marx, Veblen, Schumpeter, Galbraith, and others are covered. This course is also recommended for students who are not economics majors. (3-0) R

ECON 4382 International Finance (3 semester hours) Studies the international financial system, including the foreign exchange markets and the balance of payment accounts and a discussion of international monetary theory. This course fulfills the University’s writing requirement. Prerequisite: ECON 3311. (3-0) T

ECON 4384 Corporate Finance (3 semester hours) The theory and techniques of finance in business, including budgeting, cost of capital, and capital markets. Prerequisite: ECON 3304. (3-0) R

ECON 4385 Business and Economic Forecasting (3 semester hours) Techniques, statistical and otherwise, for forecasting events relevant to business and economic activities. Prerequisite: ECON 3304. (3-0) R

ECON 4396 Selected Topics in Economics (3 semester hours) Subject matter will vary from semester to semester. May be repeated for credit (9 hours maximum). (3-0) R

ECON 4V97 Independent Study in Economics (1-6 semester hours) Independent study under a faculty member’s direction. May be repeated for credit (6 hours maximum). Consent of instructor required. ([1-6]-0) S

ECON 4V98 Internship (1-6 semester hours) May repeat for credit (6 hours maximum). Consent of instructor required. This course can only be taken Credit/No Credit. ([1-6]-0) S

ECON 4V99 Senior Honors in Economics (1-6 semester hours) For students conducting independent research for honors theses or projects. May be repeated for credit (6 hours maximum). ([1-6]-0) S

Interdisciplinary Studies Courses Applicable to the Major in Economics

ISSS 3349 World Resources and Development

SOC 3336 Culture Regions