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Description of courses from the catalog


ECON 1010 Introductory Microeconomics (3)
Staff. An introduction to theory of prices and the allocation of resources. Topics include the pricing of goods and services, the determination of wages and returns to capital, market structure, and international trade. Students cannot take both ECON 1010 and ECON 1030.

ECON 1020 Introductory Macroeconomics (3)
Staff. An introduction to theory of aggregate income, employment, and the price level. Topics include unemployment, alternative monetary and fiscal policies, and economic growth. Students cannot take both ECON 1020 and ECON 1040.

ECON 1030 Honors Introductory Microeconomics (4)
Staff. Open to students with an honors standing only. A reading-intensive introduction to microeconomics. The course satisfies the ECON 1010 requirement. Students cannot take both ECON 1010 and ECON 1030.

ECON 1040 Honors Introductory Macroeconomics (4)
Staff. Open to students with an honors standing only. A reading-intensive introduction to macroeconomics. The course satisfies the ECON 1020 requirement. Students cannot take both ECON 1020 and ECON 1040.

ECON 3010 Intermediate Microeconomics (3)
Staff. Prerequisite: ECON 1010 or ECON 1030. An exposition of modern microeconomic theory. Topics include the theory of consumer choice, firm production cost, competitive and noncompetitive market structures, input markets, welfare economics (including public goods and externalities), and general equilibrium. Students may not receive credit for both ECON 3010 and ECON 3030.

ECON 3020 Intermediate Macroeconomics (3)

Staff. Prerequisite: ECON 1020 or ECON 1040. An exposition of modern macroeconomic theory. Topics include the theory of national income, employment, and the price level and the role of monetary and fiscal policy in economic stabilization and growth.

ECON 3030 Intermediate Microeconomics with Calculus (4)

Staff. Prerequisites: ECON 1010 or ECON 1030 and MATH 1210. An exposition of modern microeconomic theory using calculus. Topics include the theory of consumer choice, firm production cost, competitive and noncompetitive market structures, input markets, welfare economics (including public goods and externalities), and general equilibrium. Students may not receive credit for both ECON 3010 and ECON 3030.

ECON 3100 Economics of Money and Banking (3)
Staff. Prerequisite: ECON 1020 or ECON 1040. Covers both the theory of monetary systems and the current structure of United States financial institutions. Topics include monetary systems, financial intermediation and resource allocation, informational value of economy-wide financialmarkets, the term structure of interest rates, United States financial institutions and their relation to the federal reserve system, regulatory issues, and current tactics in monetary control.

ECON 3230 Introduction to Econometrics (3)

Staff. Prerequisites: ECON 1010, plus one course from MATH 1110, MATH 1140, MATH 1230, MATH 3070, or PSYC 3090. An introduction to econometric theory and practice. Topics include a brief review of probability theory and descriptive and inferential statistics, followed by the theory and the application of the most commonly used tool in applied economics: linear regression, including discussion of the Gauss-Markov conditions and of special cases of linear regression. The course makes extensive use of the statistical software Stata.

ECON 3320 Urban Economics (3)
Staff. Prerequisite: ECON 1010 or ECON 1030. A review of the determinants of the location, size, growth, and form of urban areas. Topics include major issues of contemporary urban life: physical deterioration, growth of ghettos, congestion, pollution, transportation, and land use.

ECON 3330 Environmental and Resource Economics (3)
Staff. Prerequisite: ECON 1010 or ECON 1030. An introduction to the economic theory of how and why people make decisions that have consequences for the natural environment and the availability of renewable and nonrenewable natural resources. Topics include valuation of pollution damages and controls, the use of environmental valuations to determine optimal rates of extraction and utilization of natural resources, and the application of analytical results to current environmental and natural resources issues.

ECON 3340 Government in the Economy (3)
Staff. Prerequisite: ECON 1010 or ECON 1030. An analysis and description of the role of government in the economy with specific applications to the United States. Topics include sources of market failures (such as public goods, externalities, and non-competitive practices), theories of public choice, anti-trust legislation, regulation, the pricing of public sector output, and cost-benefit analysis.

ECON 3350 Law and Economics (3)

Staff. Prerequisite: ECON 1010 or ECON 1030. Economic analysis of legal rules and institutions. Topics include property law, tort law, liability rules, the Coase theorem, and accident and nuisance law.

ECON 3370 The World Economy (3)
Staff. Prerequisites: ECON 1010 and ECON 1020. A non-technical introduction to the analysis of international economic issues, using both standard economic approaches and a variety of other useful approaches from political science, sociology, and less mainstream parts of economics. Topics include protectionism, multinational firms, debt crisis, international macroeconomic policy coordination, and European integration.

ECON 3420 Economic History of the United States (3)
Staff. Prerequisite: ECON 1010, ECON 1020, ECON 1030, or ECON 1040. A description and analysis of the principal features of the American economic experience. Topics include thecolonial relationship with England, the economics of slavery, the industrialization and urbanization of America, and insights into contemporary problems that can be gained by an examination of our historical experience.

ECON 3540 Development Economics (3)
Staff. Prerequisite: ECON 1010 or ECON 1030. An analysis of the problems of generating economic growth in less developed countries. Topics include alternative strategies for promoting economic growth and the impact of the industrialized western world on the economic development of poor countries.

ECON 3580 Labor and Population in Latin America (3)
Staff. Prerequisite: ECON 1010 or ECON 1030. An examination of labor markets and demographic problems in Latin America. Topics include dual labor markets, labor union activity in Latin America, migration, fertility change, and the demographic experiences of selected Latin American countries.

ECON 3590 Economic Development of Latin America (3)

Staff. Prerequisite: ECON 1020 or ECON 1040. An introduction to economic issues that are of particular concern to Latin America. Topics include understanding the position of Latin America within the world economy by studying measures of development and poverty, discussing theoretical models of structural economic change, and examining changes in international trading relations. ECON 3590 is a survey course, and it is best taken before ECON 3580 and ECON 4660.

ECON 3610 Games and Strategic Behavior (3)
Staff. Prerequisite: ECON 1010 and (MATH 1210 & MATH 1220, or MATH 1310). An introduction to game theory – the formal study of strategic situations – and its applications. The course will cover the basic analysis of simultaneous and sequential move games with perfect and imperfect information. This material uses applications illustrating how game theory improves the understanding of strategic behavior in economic, political, and social situations. The course requires extensive use of one-dimensional calculus.

ECON 3810 The Economics of Labor (3)
Staff. Prerequisite: ECON 1020 or ECON 1040. A survey and economic analysis of some contemporary labor market issues. Topics include labor force participation and the economics of retirement, the supply and demand for labor, the demand for education and investment in human capital, unions and collective bargaining, the structure of compensation, occupational choice, job turnover and labor mobility, an introduction to theory of job search, and other theories of unemployment. The course focuses on theoretical and empirical aspects of labor economics rather than institutional, legal, or management aspects of labor markets.

ECON 3820 Economics of Education (3)

Staff. Prerequisite: ECON 1010 or ECON 1030. An examination of education from an economics viewpoint. Topics include school finance, school reform, factors that influence school outcomes, efficient school size, and the relationships between public and private schools.

ECON 3830 Economics of Gender (3)

Staff. Prerequisite: ECON 1010 or ECON 1030. The analysis of the similarities and differences between men and women from an economic perspective. Topics include theoretical and empirical analysis of the impact of gender differences on economic outcomes for the sexes and the evaluation of government and corporate policies aimed to improve the welfare of women.

ECON 3910, 3920 Independent Studies (1-3, 1-3)
Staff.

ECON 3970, 3980 Special Studies in Economics (1-3, 1-3)
Staff.

ECON 4010 Advanced Topics in Microeconomics (3)
Staff. Prerequisites: ECON 3010, MATH 1210. The exploration of advance microeconomic issues, including multivariate optimization, fundamentals of general equilibrium theory and game theory, public goods and externalities. ECON 6010 is the master's-level equivalent, open to graduate students only.

ECON 4220 Industrial Organization (3)
Staff. Prerequisite: ECON 3010. An examination of the extent of competition and monopoly in different industries. Topics include the effects of different forms of governmental regulation and control upon industrial performance, including empirical evidence pertaining to selected industries. ECON 6220 is the master's-level equivalent, open to graduate students only.

ECON 4230 Econometrics (3)
Staff. Prerequisites: ECON 3230 or MATH 3010, or MATH 1110 and MATH 1120. Building on the techniques learned in Economics 3230, the analysis of methods used to correct violations of the basic assumptions of ordinary least squares. ECON 6230 is the master's-level equivalent, open to graduate students only.

ECON 4240 Financial Decision Making in Firms (3)

Staff. Prerequisites: ECON 3010. Financial analysis, planning, and control in modern business firms. Topics include valuation, cost and allocation of capital, and capital markets. ECON 6240 is the master's-level equivalent, open to graduate students only.

ECON 4250 Decisions Under Uncertainty (3)

Staff. Prerequisites: ECON 3010. The theory and practice of decision-making under uncertain conditions. Topics include applications drawn from the realm of personal, business, medical, and environmental decision-making. ECON 6250 is the master's-level equivalent, open to graduate students only.

ECON 4330 International Trading Relations (3)

Staff. Prerequisite: ECON 3010. An examination of the principles of international trade and the international arrangements that have been established to guide international trade. Topics include comparative advantage, the effects of tariffs and quotas, and the substitution of the movement of goods for the movement of capital and labor. ECON 6330 is the master's-level equivalent, open to graduate students only.

ECON 4410 Topics in Mathematical Economics (3)
Staff. Prerequisites: ECON 3010 or 3030, plus MATH 1210 and 1220; or approval of instructor. A mathematical approach to microeconomic theory with an emphasis on static and dynamic optimization. ECON 6410 is the master's-level equivalent, open to graduate students only.

ECON 4500 Health Economics and Policy (3)
Staff. Prerequisite: ECON 3010. An overview of the field of health economics. Topics include behaviors and outcomes in health care markets, institutional features of the U.S. health care system, the demand for health care, determinants and consequences of health, medical technology, the role of health insurance, the behavior of health providers, managed care, comparative health care systems, and health policy and reforms. ECON 6500 is the master's-level equivalent, open to graduate students only.

ECON 4510 Advanced Topics in Macroeconomics (3)

Staff. Prerequisite: ECON 3020. The structure and operation of macroeconomic systems, covering both closed and open economies. ECON 6510 is the master's-level equivalent, open to graduate students only.

ECON 4520 Economics of Public Expenditures (3)
Staff. Prerequisite: ECON 3010 or 3030. An examination of the economic bases for and evaluation of government expenditure programs. Topics include the rationale for government intervention into the economy (e.g., market failure), the difficulties involved in setting appropriate levels of government policies, and the evaluation of specific public programs. ECON 6520 is the master's-level equivalent, open to graduate students only.

ECON 4530 Economics of Taxation (3)

Staff. Prerequisite: ECON 3010 or 3030. An analysis of major tax instruments used to finance government programs. Topics include the efficiency, distributional, and revenue effects of taxation, the evaluation of specific tax instruments both in the U.S. and overseas, and the pros and cons of tax reform. ECON 6530 is the master's-level equivalent, open to graduate students only.

ECON 4570 Internship Studies
Staff. An experiential learning process. The course is open only to juniors and seniors in good standing. Registration is completed in the academic department sponsoring the internship. The course cannot be counted as one of the ten economics courses required for the major. Note: SRVC 4890 is corequisite.

ECON 4600 Inequality and Poverty in Latin America (3)
Staff. Prerequisite: ECON 1010 and 1020, or instructor permission. An analysis of income inequality and poverty in Latin America, conducted through comparative and in-depth country studies and focusing on the roles of markets and the state. Topics include a review of quantitative methods to measure inequality and poverty and the theories and methods to analyze their determinants. The course is largely nontechnical and open to graduate and undergraduate students in the social sciences. ECON 6600 is the master's-level equivalent. Same as LAST 6950-03.

ECON 4610 Game Theory (3)

Staff. Prerequisites: ECON 3010 or 3030, plus MATH 1210 and 1220 (or MATH 1310); or approval of instructor. An introduction to the use of game theory in diverse areas such as modern economic research, political science, sociology, and evolutionary processes. ECON 6610 is the master's-level equivalent, open to graduate students only.

ECON 4660 Seminar on Latin American Economies (3)
Staff. Prerequisite: ECON 3010. A complement to other courses in the Latin American economics sequence, focusing on a particular country or sub-region. The course is largely nontechnical and open to graduate and undergraduate students in the social sciences. ECON 6660 is the master's-level equivalent.

ECON 4670 Writing with Data (3)
Staff. Prerequisite: ECON 3010; ECON 3230 and a working knowledge of Spanish or Portuguese are also helpful. An introduction to understanding how large databases are used in guiding economic policy-making, and to understanding how economic theory is integrated with econometric techniques and basic statistical programming, with applications to a Latin American country. Students learn how to read analytical research papers that are based on large numerical databases by writing an original research paper themselves. They also develop an elementary working knowledge of UNIX and SAS. ECON 6670 is the master’s level equivalent, open to graduate students only.

ECON H4910, H4920 Independent Studies (3, 3)
Staff. Open to outstanding juniors and seniors.

ECON 4961-01 Economics of Poverty Analysis
Staff. Prerequisites: ECON 3010 and 3020. An overview of poverty analysis and its application by multilateral organizations. Topics include measuring poverty, analyzing its economic determinants, and assessing policies to reduce poverty. ECON 6961 is the master's-level equivalent, open to graduate students only.

ECON 4970, 4980 Special Studies in Economics (1-3, 1-3)
Staff. ECON 6970 and 6980 are the master's-level equivalents, open to graduate students only.

ECON 4970-01 Topics in Economic Development
Staff. Prerequisites: ECON 3010 and 3020 or instructor permission. An analysis of the economic challenges faced by low- and middle-income countries in their quest for development. The course is divided into two parts. In the first part, the course examines what might cause some development strategies to succeed and others to fail. In the second part, the course analyzes how development strategies and government policies may result in equitable or inequitable outcomes. ECON 6970-01 is the master's level equivalent, open to graduate students only.

ECON H4990-H5000 Honors Thesis (3,4)

Staff. Prerequisites: approval of department and Honors Committee. Credit is not given for H4990 until satisfactory completion of H5000.

 

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