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Course Criteria
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4.00 Credits
Addresses the identification and measurement of the economic gains and losses to different sectors of the economy resulting from public projects and policies. Among the projects studied are those in the area of transportation, energy, environment, and urban development. Also considered is the evaluation of the effects of government on business, as for example, consumer product and workplace safety regulation. Prerequisites/Corequisites: Prerequisite: ECON 2010. When Offered: Spring term annually. Credit Hours: 4
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4.00 Credits
Develops a critical understanding of environmental issues and policy from an interdisciplinary economics perspective. Covers the economics of environmental quality including the links between the economy and the environment, the causes of environmental problems, evaluation of environmental projects and policies, and policies to address environmental issues with an emphasis on efficiency, equity, and sustainability, and the international dimensions of environmental issues. Prerequisites/Corequisites: Prerequisite: ECON 1200 or permission of instructor, ECON 2010 recommended. When Offered: Fall term annually. Credit Hours: 4
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4.00 Credits
Addresses the allocation of natural resources through applied study of fisheries, forestry, oil, minerals, water, and biodiversity resources. Mathematical analysis will be done using Microsoft Excel with Solver. Social and policy dynamics of allocation decisions will be explored through case studies. Field trips will address ecological and physical aspects of resource management. The intent is to develop a balanced perspective and tools to address resource management decisions across their diverse economic, social, and environmental dimensions. This is a communication-intensive course. Prerequisites/Corequisites: Prerequisite: ECON 1200 or permission of instructor. When Offered: Spring term annually. Credit Hours: 4
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4.00 Credits
Ecological economics is concerned with the relationship between economic systems and the biological and physical world. It recognizes that practical solutions to pressing social and environmental problems require new interdisciplinary approaches that focus on the links between economic, social, and ecological systems. This course draws on contemporary economic thought as well as evolutionary biology, ecology, and nonequilibrium systems theory. Current problems of economic growth and the prospects for continued development in a finite world are examined in the light of new findings in these fields. Prerequisites/Corequisites: Prerequisites: ECON 1200, and either ECON 4230 or ECON 4240, or permission of instructor. When Offered: Spring term annually. Credit Hours: 4
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4.00 Credits
Introduces students to the basic analytical approaches to environmental issues and natural resource use. Emphasis is on economic valuation and public policy. Covers traditional approaches based on assumptions of economic rationality and market efficiency as well as current approaches from the fields of environmental science behavioral economics. Emphasis is on active student participation and examination of current environmental controversies. Prerequisites/Corequisites: Prerequisite: ECON 2010 or equivalent or permission of instructor. When Offered: Spring term annually. Cross Listed: (Students cannot received credit for both ECON 4260 and ECON 6260.) Credit Hours: 4
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4.00 Credits
A basic course in the theory and methods of quantitative economics; specification of mathematical models; single and simultaneous equations; least squares and other estimation methods; testing of hypotheses; identification, aggregation, time series analysis, lagged variables, etc. Application to economic problems in such areas as demand, costs, production function, technological change, innovations, etc. Prerequisites/Corequisites: Prerequisites: MATH 2010 or equivalent, ECON 2010 or equivalent, or permission of instructor. When Offered: Spring term annually. Credit Hours: 4
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2.00 - 4.00 Credits
Discussion and analysis of selected topics in economic theory and of current economic issues. This is a communication-intensive course. When Offered: Spring term annually. Credit Hours: 2 to 4
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3.00 - 4.00 Credits
Credit Hours: 3 to 4
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4.00 Credits
Selected topics in economic analysis and problems to meet the special needs of upper-division students in various curricula throughout the Institute. This allows students to pursue more in-depth work in their areas of study. Prerequisites/Corequisites: Prerequisites: ECON 1200 and permission of instructor. Credit Hours: 4
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3.00 Credits
Application of mathematical techniques to economic modeling and analysis. Construction of models to describe aspects of the economy and to analyze potential policies. Solution methods for issues including optimal choice with and without constraints, equilibria among multiple actors, marginal effects of policies, and dynamic economic models. Some mathematical maturity is assumed, and mathematical skills are taught throughout the course. When Offered: Fall term annually. Cross Listed: (Students cannot receive credit for both ECON 4120 and ECON 6120.) Credit Hours: 3
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