Economics Course Descriptions


Econ 100: Introduction to Economics - Survey of microeconomic and macroeconomic principles. Includes analysis of individual and public sector behavior in product and resource markets and surveys applied areas. Also explores the performance of the entire economy with an emphasis on economic growth, employment and inflation. Fulfills the general education requirement in Contemporary Social Institutions. Offered each semester. Chapman, Méndez-Carbajo, Seeborg, Tenerelli.

Econ 227: Statistics for Business and Economics - An introduction to the use of statistics. Topics include summary statistics, introductory probability, estimation, hypothesis testing, regression, and time series analysis. Students may not receive credit toward graduation for both this course (required for the major) and Social Statistics 227 or Statistics for the Natural Sciences 227. Offered each semester. Chizmar, Leekley, Ossella-Durbal.

Econ 230: The Economics of Gender, Race, and Immigration - Study of differences in the economic situation of women compared to men and an analysis of the economic situation of selected ethnic groups. Course focuses on the economic difficulties faced by women, and immigrant groups. Policies to deal with the economic problems faced by women, minorities, and immigrants are explored. Prerequisite: Econ 100. Fulfills the general education requirement in U.S. Diversity. Offered in May Term. Seeborg.

Econ 240: Game Theory Goes to the Movies - Game theory is the science of strategic thinking. The objective of this course is to introduce students to the basic tools of game theoretic analysis by combining illustrations from film with applications in economics and business. To accomplish this objective, students will, through films, reading, and discussion, develop an understanding of coordination problems, the role of fairness and revenge in strategy, sequential rationality, credible commitment, reputation and signaling, and the prisoners' dilemma. Prerequisite: Econ 100. Offered in May Term. Ossella-Durbal.

Econ 270: Special Topics - Specialized applications of economic theory. The following are recent examples. May be taken for credit more than once if the topics differ, but only one course numbered 230-299 may count toward an economics major or minor. Prerequisite: Econ 100. Offered in May Term.  For example --

Econ 270: Special Topic: Economics of the Arts - This course applies economic principles and theories in the analysis of arts institutions, artist behavior, and government support of the arts. The focus is on the relationship between the way the arts are financed and the nature of the arts that are produced. Examples include artistic work from medieval times to the 21st century. Both the economic history of the arts and institutions in the modern world are addressed. Attention is given to the effect of political changes in Eastern Europe on the arts institutions in these countries. Students help choose the kinds of art studied from the classic arts of painting, sculpture, music, and drama to the popular arts of rock and roll, film, and the like. Students present group reports/projects and complete an individual short paper. Students choose their own final project topics. Prerequisite: Econ 100. Offered in May Term. Owen.

Econ 301: Intermediate Microeconomics - Neoclassical analysis of the behavior of households and firms, the determination of prices, and the allocation of resources in a market economy. Prerequisite: Econ 100. Offered each semester. Leekley, Ossella-Durbal, Tenerelli.

Econ 302: Intermediate Macroeconomics - Analysis of the overall performance of an economy with emphasis on the effects of monetary and fiscal policy. Topics include unemployment, inflation, growth, and exchange rate determination. Prerequisite: Econ 100. Offered each semester. Méndez-Carbajo.

Econ 311: Money and Banking - Analysis of the pricing of bonds and financial derivatives, banking theory and operation, monetary theory, and the role of banks in the economy at the national and international level. Includes the study of public policy related to bank activity and to economic stability. Prerequisite: Econ 100. Offered each spring. Chapman.

Econ 314: Industrial Organization and Public Policy - The study of markets dominated by a few large firms. Theory of firms' competition strategies and their impacts on economic welfare. Develops the theory and precedents for public policy intervention to increase competition. Prerequisite: Econ 100. Offered in alternate years. Chapman.

Econ 324: Public Finance - The application of microeconomics to government budget policy. A variety of government spending and tax policies are analyzed for their impacts on individuals and society, and evaluated for their fairness and efficiency. Prerequisite: Econ 100. Fulfills the general education requirement in Contemporary Social Institutions. Offered in alternate years. Leekley, Tenerelli.

Econ 325: History of Economic Thought - Study of the development of mainstream and dissident economic thought from 17th century Mercantilism through Keynes. Prerequisite: Econ 100. Fulfills the general education requirement in Intellectual Traditions and carries a Writing Intensive flag. Offered in alternate years. Chapman.

Econ 328: Applied Econometrics - Methods for quantitative research in economics. Topics include the formulation of an empirical model; estimation and hypothesis testing; and violations of the classical regression model. Prerequisites: Econ 227, Econ 301, Econ 302 or consent. Offered each spring. Leekley.

Econ 329: Labor Economics - A study of economic aspects of labor markets. Topics include labor demand and supply, investments in education and training, labor market discrimination, unemployment, and labor unions. Prerequisite: Econ 100. Offered in alternate years. Seeborg, Tenerelli.

Econ 340: Environmental and Natural Resource Economics - The application of microeconomics to issues of the environment and natural resource use. Economic institutions are examined for their effects on the use of renewable and non-renewable resources. The economic causes of pollution and the available policy responses are explored. Prerequisite: Econ 100. Offered in alternate years. Leekley.

Econ 351: International Trade - The economic factors that induce countries to engage in international trade are examined, along with the various challenges facing the international trading system. Gains from trade, comparative advantage, international factor movements, and trade policy are among the principal topics addressed. International Trade and International Finance are the core courses in international economics. They can be taken in either order. Prerequisite: Econ 100. Offered every third semester. Ossella-Durbal.

Econ 352: International Finance - Examines exchange rate mechanisms, international financial markets, balance of payments accounts, and open economy macroeconomics. Current challenges facing the international financial system are explored and policy options considered. International Trade and International Finance are the core courses in international economics. They can be taken in either order. Prerequisite: Econ 100. Offered every third semester. Méndez-Carbajo.

Econ 355: Economics of Developing Countries - An introduction to economic analysis for developing countries. Major topics will include: what the process of "development" entails, growth models, the role of the agricultural sector, industrial strategies, and others. In addition, a study of the present economic situation of a developing country will be required. Prerequisite: Econ 100. Fulfills the general education requirement in Global Diversity. Offered every third semester. Ossella-Durbal.

Econ 360: Urban Economics - Theory of the growth and economic activity of cities. Includes study of problems associated with growth and decline, and analysis of public policy alternatives. Prerequisite: Econ 100. Offered in alternate years. Chapman.

Econ 370: Special Topics - Specialized applications of economic theory. May be taken for credit more than once if the topics differ. Prerequisite: Econ 100. Offered occasionally.

Econ 374: Development of the U.S. Economy - Examines post 1800 development, including the rise of manufacturing, banking, agriculture, the labor movement, and foreign trade. Prerequisite: Econ 100. Fulfills the general education requirement in Cultural and Historical Change. Offered in alternate years. Chapman.

Econ 401: Senior Project - A capstone seminar designed for senior economics majors. Requires completion of research on a topic chosen by the student with the consent of the instructor. The course gives students the opportunity to draw on tools developed in the economics program to produce a research paper, and present the results to seminar participants. Prerequisites: Senior economics major, or consent. Carries a Writing Intensive flag. Offered each fall. Seeborg.

Econ 410: Mathematical Economics - The application of mathematical tools to economic theory. Topics include optimization of multivariate functions and comparative static analysis applied to consumer and firm behavior. Prerequisites: Econ 301 and one semester of calculus. Offered occasionally. Ossella-Durbal.

Econ 450: Independent Study - Advanced individualized study. Prerequisite: consent of the instructor. Offered as needed.

Econ 490: Advanced Research Seminar - Advanced research methods. Participants complete quality undergraduate research projects under the supervision of the seminar instructor and their faculty committees, and share their work both with each other and with a broader audience. Prerequisites: Senior class standing, major or minor in economics, and acceptance into the University's Research Honors Program, or consent of the department chair. Offered as needed.