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Course Criteria
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3.00 Credits
2631. Introductory Macroeconomics for Education Majors. Measurement of the national economy's performance (growth, inflation, and unemployment), the banking system, the impact of government on macroeconomic performance, and international macroeconomics. Principles of personal finance, including budgeting, the use of credit, and financial planning are also discussed. Open only to education majors. Credit will not be given for both ECON 2630 and ECON 2631. Prereq.: FOUN 1501 and ECON 2610. 3 s.h.
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3.00 Credits
3701. Money and Banking. Organization and operation of commercial banking in the United States; central banking under the Federal Reserve System; basic theory. Monetary policy as a determinant of national income. Prereq.: ECON 2630. 3 s.h.
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3.00 Credits
3702. Public Finance. The development and present status of public finance; federal, state and local expenditures and taxation; theories of tax incidence, axioms of taxation, theories in justification and government spending; tax reform. Study of the techniques of fiscal policy with emphasis on its role as a determinant of the level of national income. Prereq.: ECON 2610. 3 s.h.
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3.00 Credits
3703. Behavioral Economics. Uses insights from economics and psychology to explain why normally rational people make poor choices in their lives, be it in terms of money, health, education or long-term happiness. This introductory course explores the sources of poor economic choices and examines ways to improve them. Prereq.: ECON 2610 or PSYC 1560. 3 s.h.
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3.00 Credits
3704. Emerging Economies in Asia. Introduction to emerging economies in Asia, mainly in East Asia and India where the economies in recent decades have generally performed well compared with the rest of the world. Focus is on the development strategies and policies of the region's major economies with an aim in contrasting their experience with the industrialized nations in the West. Prereq.: ECON 1501, ECON 2610, or ASST 1550. 3 s.h.
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3.00 Credits
3705. Environmental and Resource Economics. Application of economic theory to environmental problems, analysis of policy alternatives for pollution abatement, and the conservation of exhaustible resources. Determination of efficient management of local and national pollution levels, including air, water, and toxic substances. Possible economic consequences associated with global warming. Prereq.: ECON 1501 or ECON 2610. 3 s.h.
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3.00 Credits
3710. Intermediate Microeconomic Theory. A systematic analysis of the theory of demand and the theory of the firm: production input and output choices, and some basic concepts of linear programming. An intensive analysis of the theory of the firm: competitive pricing, monopoly pricing, pricing in imperfect competition; and the theory of rent, profits, interest and wages. Prereq.: ECON 2610, and either MATH 1552, MATH 1570, or MATH 1571; For Actuarial Science minors, the prerequisite is either MATH 1571 or MATH 1572. 3 s.h.
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3.00 Credits
3712. Intermediate Macroeconomic Theory. The construction of national income and production accounts and the basic determinant of income, output, and employment. Determination of the level of employment, interest, and money through the classical versus Keynesian aggregate economics. Prereq.: ECON 2630 and either MATH 1552, MATH 1570, or MATH 1571; For Actuarial Science minors, the prerequisite is either MATH 1571 or MATH 1572. 3 s.h.
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3.00 Credits
3720. Comparative Economic Systems. An examination of the recent world-wide trend toward free market economy, giving particular attention to basic processes such as resource allocation and product distribution. Frequent references are made to the failure of Socialism in the USSR and the new approach in Russia, Eastern Europe and China toward market economies. Prereq.: ECON 1501 or ECON 2630. 3 s.h.
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3.00 Credits
3724. Public Budgeting. Study of the politics, theories, and techniques of public budgeting. Includes the process of budget preparation, adoption and execution. Topics include debt management and capital budgets. (This course is cross-listed with POL 3724.) Prereq.: POL 3720. 3 s.h.
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