The Economics Program
Catalog Course Descriptions

See the course rotation schedule to find out when specific courses are offered.

Econ 101 Introductory Microeconomics
A survey introduction to microeconomics with emphasis on the concepts of demand, supply, production, input markets, general equilibrium, and economic efficiency. Attention is given to the problems of income distribution, agriculture, spillover effects, and international trade. 3(3-0).

Econ 102 Introductory Macroeconomics
A survey introduction to macroeconomics with emphasis on the concepts of national income accounting, consumption, investment, money and banking, and income determination. Attention is given to the problems of employment, price stability, growth, and international economic policy. Prerequisite: Econ. 101. 3(3-0).

Econ 105 S/Government and the Economy
An introduction to the nature of and rationale for government intervention into the U.S. economic system. Fundamental economic and political institutions, values, and concepts are surveyed as a framework for considering governmental policy alternatives available to alleviate critical economic problems (e.g., unemployment, inflation, income distribution, international economic instability, etc.). 3(3-0). Offered when demand is sufficient.

Econ 200 Intermediate Microeconomic Theory
A study of the theories of price and production in markets for goods and factors under various market structures. Emphasis is given to indifference analysis and to strategic models of oligopoly and monopolistic competition. Prerequisites: Econ. 101 and Math. 213 (or Math. 221). 3(3-0). Offered every fall.

Econ 201 Intermediate Macroeconomic Theory
A study of the theories of social accounting; aggregate, simple, and general income and price level determination; and economic growth. Emphasis is given to techniques of national income and wealth accounting, consumption, and investment functions. Neo-Classical and Neo-Keynesian equilibrium models, the theory of employment, and aggregate growth models are also considered. Prerequisites: Econ. 102 and Math. 213 (or Math. 221). 3(3-0). Offered every spring.

Econ 202 Business and Economic Statistics
A survey of the basic statistical tools used in management decision-making and data analysis. Major topics include data organization and presentation, a review of probability concepts, sampling and sampling distributions, statistical estimation and hypothesis testing, and correlation and regression analysis. The course also emphasizes applications of statistical techniques, the use of computerized statistical packages and ethical issues in statistical analysis. (Students may not receive credit for more than one 200-level statistics course, including any of the following courses: Econ. 202, Math. 242, PlSc. 251, Psyc. 250, and Socl. 211.) Prerequisites: Math. 213 (or Math. 221). 3(2-2).

Econ 293 Honors Seminar in Economics I
This is the first in a two course sequence leading to graduation with Honors in Economics. Topics will vary based on the interests of the student and the approval of the instructor. This course focuses on research methods and the development of an appropriate research question. The student will prepare a high quality literature review covering recent developments on the selected topic. The literature review will be the foundation for independent original research on the selected topic. Additionally students will begin collecting the data necessary to undertake an original research project. Econ 301 and a 3.3 GPA in economics courses and a cumulative GPA of 3.3 overall. Permission of supervising instructor is required. 3(3-0)

Econ 301 Econometrics
A study of the application of econometrics to economic analysis. Emphasis is given to inference and estimation in the linear regression model and to the problems of heteroskedasticity and autocorrelation. Prerequisites: Econ. 200, 201, 202, and junior standing. 3(3-0). Offered every spring.

Econ 310 History of Economic Analysis
A study of the evolution of economic analysis from ancient to modern times. Emphasis is given to methods of economic theorizing and interactions of changing social conditions, problems, and theories. Prerequisites: Econ. 200, 201, and junior standing. 3(3-0). Offered every fall.

Econ 320 Comparative Economic Systems
A survey of the structure and ideology of the major forms of economic organization, including laissez-faire, guided market, and command. Attention is given to the evolution of national economies representative of these types of economic systems. Prerequisite: Econ. 102. 3(3-0). Offered when demand is sufficient.

Econ/Mgmt 322 Managerial Economics
An integrated study of the principles of economic and management science theory.  Emphasis is given to behavioral variables in decision-making, market structure, pricing under non-competitive conditions, and forecasting.  Prerequisites: Econ 102, 202, and junior standing.  3(3-0).  Offered when demand is sufficient.

Econ/Mgmt 325 Money and Financial Intermediation
A study of monetary theory and the process of financial intermediation.  Emphasis is given to the theory of money, interest rates, types of financial intermediaries, central banking, and public control of financial intermediation and markets.  Prerequisites: Econ 102 and junior standing.  3(3-0).  Offered when demand is sufficient.

Econ 330 Government Finance
A study of public revenue and expenditures at the local, state, and federal government levels. Emphasis is given to principles of taxation, tax systems, budgeting theory and procedure, intergovernmental fiscal relations, and debt management. Prerequisites: Econ. 102 and junior standing. 3(3-0). Offered when demand is sufficient.

Econ 340 Environmental Economics
A study of economic theory and public policies as applied to environmental problems. Emphasis is given to the role of market failure in explaining the existence of pollution, to alternative strategies for pollution control and environmental management, and to problems associated with growth. Prerequisite: Econ 101 and Junior Standing. 3(3-0). Offered when demand is sufficient.

Econ 345 Economics of Sports
This course applies the principles of microeconomics and statistics to the industries of professional and amateur sports. The topics include league structure, team decision-making, labor-relations, incentive structures, and stadium financing and the role of public policy. The course is designed to illuminate economic principles foremost, using sports as a convenient vehicle to represent these ideas. Econ 101, Econ 102, Econ 202, and junior standing. 3(3-0)

Econ 355 Economic Development and Growth
A study of the existing disparities between developed and less developed countries, problems faced by less developed countries, historical and modern theories regarding economic development, and an introduction to growth theory. Prerequisites: Econ. 102 and junior standing. 3(3-0). Offered when demand is sufficient.

Econ 364 International Trade and Economic Policy
A study of the theories of trade and open-economy economics, with attention to international economic policy, foreign exchange markets, balance of payments statistics, and adjustment mechanisms under different monetary systems. Prerequisite: Econ. 102 and junior standing. 3(3-0). Offered when demand is sufficient.

Econ 365 International Macroeconomics
A study of the macroeconomic and monetary aspects of international economics, with attention to international accounting systems and the balance of payments, foreign exchange markets, international monetary systems and macroeconomic adjustment, and monetary, fiscal, and exchange rate  policies in open economies.  Prerequisites: Econ. 102 and junior standing.  Credits 3(3-0).  Offered when demand is sufficient.

Econ 370 Industrial Organization
A study of the theory, organization, and operation of the structure of business enterprise. Emphasis is given to the incidence of competitive and monopolistic tendencies in various markets, economic concentration, market conduct, market performance, and regulatory policy. Prerequisites: Econ. 101 and junior standing. 3(3-0). Offered when demand is sufficient.

Econ 376 Labor Economics
A study of the economic analysis of human resources, and the policy implications of that analysis.  Emphasis is given to the theory of labor supply and demand, wage determination, human capital theory, labor market discrimination, the economic impact of unions, poverty, unemployment, and demographic trends in the labor force.  Prerequisites: Econ 102 and junior standing.  3(3-0).  Offered when demand is sufficient.

Econ 393 Honors Seminar in Economics II
This is the second in a two course sequence leading to graduation with Honors in Economics. Topics will vary based on the interests of the student and the approval of the instructor. This course focuses on applied economic research. Based on the literature review developed in Econ 293 students will collect and analyze economic data. Students will discuss and present the findings of their research. Prerequisites: A grade of B or better in Economics 293 and permission of supervising instructor. 3(3-0)

Econ 395 Internship/Seminar
A one-semester, work-study experience in an appropriate agency outside the college. In addition to the work experience, students are expected to complete a research paper, give an oral business presentation, and participate in a seminar. Interns work closely with their sponsor(s) on projects approved by the School of Business Internship Director. Prerequisites: 2.75 cumulative GPA., junior or senior standing, 24 approved semester hours in major program, and permission of the Internship Director. 4(1-10) or 6(1-15). Offered by individual arrangement.

Econ 396 Small Business Institute Seminar
Students investigate and analyze cases provided by the U.S. Small Business Administration. Confidential management assistance reports based upon field investigations are submitted to the SBA. Prerequisite: permission of the Small Business Institute Director. 3(1-8).

Econ 399 Directed Study 3(3-0)
Offered by individual arrangement.