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Course Criteria
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3.00 Credits
3 s.h. Wage theory and policy, the labor market, collective bargaining, and the economic aspects of union policy. ( LA) Prerequisites: ECON 211, ECON 212 (latter may be taken concurrently) and JrS.
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3.00 Credits
3 s.h. An examination of the economic role played by government in contemporary society. The focus will be on the appropriate range of governmental activities experienced through the budgetary function, with emphasis placed on evaluation of the tax structure. ( LA) Prerequisites: ECON 211 and JrS.
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3.00 Credits
3 s.h. A study of money, banking, and credit within an historical and theoretical context. Special consideration will be given to problems of instability, and policies to affect stability. ( LA) Prerequisites: ECON 212 and JrS.
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3.00 Credits
3 s.h. An analytical and historical study of how monetary and fiscal policies affect macroeconomic variables, including real GDP, unemployment, inflation, interest rates, the value of the dollar, and productivity growth. "Optimal" policies and the actual policies pursued will be evaluated. Prerequisites: ECON 212 and JrS. ( LA)
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3.00 Credits
3 s.h. A study of the International Monetary System, the balance of payments accounts, foreign exchange and international financial markets, the mechanics of international economic adjustment, and macroeconomic analysis in an open economy. Topics explored include exchange rate determination, risk, foreign debt, capital flow, Third World debt problems, the international monetary system. ( LA) Prerequisites: ECON 212 and JrS.
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3.00 Credits
3 s.h. An application of economic principles and mathematical techniques to decision-making in economics and business, utilizing a problem?solving approach. ( LA) Prerequisites: MATH 173, ECON 211, ECON 212, and JrS. Economics & Business
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3.00 Credits
3 s.h. This course teaches how to: (1) use regression models to formulate and estimate quantitative relationships between economic variables; (2) test hypotheses concerning the strength of these relationships; and (3) identify and correct problems encountered in applying regression models to economic data. ( LA) Cross?listed as STAT 331. Prerequisites: STAT 101, (two of the following: STAT 201, ECON 211, ECON 212), and JrS.
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3.00 Credits
3 s.h. Structure of decision making. Decision making under certainty, risk, uncertainty, and conflict. Utility and loss functions. Minimax, maxmin, and regret strategies. Elements of game theory, two-person zero sum games, randomized strategies, two-person non-constantsum games. Introduction to n-person games. Decision making with multiple objectives. ( LA) Cross-listed as STAT 365. Prerequisites: STAT 261 or permission of instructor, and JrS.
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3.00 Credits
3 s.h. The capstone course of the Economics major and the capstone experience for the Finance concentration of the Business Economics major. The seminar emphasizes the use of economics and/or finance theory to analyze current events in economics and/or finance. Faculty participants introduce research methods and present their research efforts. Each student completes a research paper demonstrating the ability to address a research question by applying theory and presenting empirical evidence, and prepares an oral presentation of the research project. The research paper provides a writing sample that is useful for employment interviews and graduate school applications. Prerequisite: ECON 211, ECON 212, and SrS. ( LA, WS2)
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3.00 Credits
1?3 s.h. A specially-designed advanced level systematic investigation and analysis of an economics issue(s) or problem(s). ( LA) Prerequisites: ECON 211, ECON 212, and JrS.
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