The semesters listed after course descriptions indicate when courses are expected to be offered. schedules are subject to change; students should confirm semester offerings with the department when planning degree programs. You may also jump directly to special and advanced courses.
201. Principles of Microeconomics (4) (SOCIAL SCIENCE)
General microeconomic theory, including an introduction to theories of consumer behavior, product demand, cost and supply, production, the firm and its markets, capital and pricing factors. The lives and work of selected important economists are also studied, with emphasis on the development of microeconomic ideas. (Open to freshmen; may be taken before or after Economics 202). FALL, SPRING.
202. Principles of Macroeconomics (4) (SOCIAL SCIENCE)
General macroeconomic theory and the relationship of economics to other social sciences, including principles and theories of national income determination, consumption, investment, savings, business cycles, prices and money, the banking system, monetary and fiscal policy and international trade and growth. The lives and work of selected important economists are also studied, with emphasis on the development of macroeconomic ideas. (Open to freshmen; may be taken before or after Economics 201). FALL, SPRING.
223. Economics of Developing Countries (4) (SOCIAL SCIENCE, NON-WESTERN)
Economic conditions of developing countries and causes of their slow growth, including a survey of the various theories of economic development. Topics include the relationships of developing countries with developed countries and with various international agencies such as the United Nations and the World Bank. (Open to freshmen). SPRING.
301. The Economics of Money and Banking (4)
Definition and role of money in the economy: classical, Keynesian and modern views will be covered. Brief discussion of how banking system creates money. Role and management of money in international context. (Prerequisite: ECON 202). OFFERED AS NEEDED.
302. Money and Capital Markets (4)
Money and capital markets are the mechanisms for converting people’s savings into investments. The course provides a comprehensive view of how such markets function. It analyzes all major types of financial institutions and financial instruments. The course also focuses on how public policy issues and the economic environment interact with money and capital markets. (Prerequisite: ECON 202). OFFERED AS NEEDED.
305. Political Economy (4)
Examination of government's role in the economy, including consideration of the theoretical foundations of free trade, Marxism, Keynesianism and monetarism, with emphasis on Public Choice theory, rent-seeking behavior, market distorting effects of government regulation, and economic analsis of politics. Studnets who are taking PSCI 305 may not take this course for credit. (Prerequisite: Junior standing). Cross-listed with PSCI 305. FALL.
310. Public Finance (4)
Principles of fiscal development, the countercyclical effectiveness of fiscal measures, budgeting, revenue and public expenditures, debt structure and management, and the incidence and effects of taxation. (Prerequisites: ECON 201 and 202). SPRING.
311. Topics in Economics (1-4)
Special topics including but not limited to the economics of social welfare, contemporary economic issues and the economics of ethnic groups. OFFERED OCCASIONALLY.
317. Collective Bargaining and Labor Problems (4)
Economic factors involved in labor analysis and an examination of the topics of labor unrest, labor and management organizations and recent developments in labor relations. The course begins with a history of the labor movement and concludes with a consideration of modern labor legislation. (Prerequisites: ECON 201 and 202). OFFERED AS NEEDED.
318. Industrial Organization (4)
Market structures ranging from perfect competition to monopoly and evaluation of the social benefits from each; philosophies and practices of government regulation to improve market performance. (Prerequisites: ECON 201 and 202). OFFERED AS NEEDED.
319. International Economics (4)
Topics include the balance of payments; comparative costs (including opportunity costs), general equilibrium theory, price elasticity, income absorption and combined approaches to currency revaluation and devaluation problems; and foreign exchange problems and international trade and finance policy considerations. (Prerequisites: ECON 201 and 202). SPRING.
320. Intermediate Macroeconomics (4)
Aggregate economic theory of consumption,investment savings, money, interest, the price level and economic growth and fluctuations as related to determination of national income and employment. (Prerequisites: ECON 202.) SPRING.
321. Intermediate Microeconomics (4)
Price and market analysis, allocation of resources, the theory of consumer preferences and distribution of income. (Prerequisites: ECON 201 and 202). FALL.
322. Econometrics (4)
The construction of economic models using mathematical techniques, for the purpose of testing theory empirically and forecasting economic events. (Prerequisites: ECON 320 and 321; MATH 204). OFFERED AS NEEDED.
401. Capstone: Senior Research (2)
Independent study on an economic topic approved by the department, requiring preparation of a well-researched paper, under the supervision of an economics department faculty member. For economics majors only. (Prerequisites: Completion of core courses, senior status). FALL, SPRING.
199. Exploratory Internship (1-4)
299. Experimental Course (1-4)
399. Professional Internship (1-12)
451. Independent Study (1-4)
Topics include but are not limited to intermediate economic analysis, econometrics, linear programming, dynamic systems, classical and Keynesian thought, economic systems and selected current economic problems. (Prerequisite: Departmental permission.)