Visit the Course Catalog for each official course description and listing

ECON 101: Principles of Economics

An introduction to economics stressing the fundamental and central concepts in economics and discussing methods and topics that engage economists. Topics include supply and demand analysis, determination of prices, output and profits, distribution of income, determination of real GDP, and fiscal and monetary policy.
Offered every semester

ECON 202: Environmental Economics

This course is designed to give students a better understanding of how the environment and the economy interact and how public policy can be used to shape this interaction. The course begins by sketching out the flows of natural resources associated with economic activity and how the environmental effects produced by these flows are valued. The course then proceeds to show how market economies affect the environment. Particular emphasis is placed on the environmental damage generated by market economies and how public policy can best address this damage. Prerequisite: Econ 101

ECON 210: International Economics

This course examines the causes and consequences of international economic integration. It explores the forces that shape the pattern of international trade as well as the welfare effects of such trade. It also studies the policies that governments can use to regulate trade. Finally, it analyzes how international economic integration impacts aggregate economic performance by introducing concepts such as exchange rates and the balance of payments.
Prerequisite: Econ 101
Offered every year

ECON 218: Financial Accounting and Reporting

An introduction to the basic concepts and standards underlying the measurement and reporting of the financial effects of economic events on the business entity. Emphasis is on the theory of asset valuation and income determination and its implications for the communication function of accounting.
Offered every semester

ECON 223: Money and Banking

This course analyzes the financial and monetary systems in the United States. We will cover a variety of topics including the role of money in the financial system, the structure of financial institutions, types of financial instruments, monetary policy and the macroeconomic implications of those policies both domestically and internationally. Finally, the course explores the connections between financial markets and the Federal Reserve with economic models and current events.
J. Smith

ECON 224: Macroeconomic Data and Analysis

Understanding how to find, manipulate and interpret macroeconomic date is an important tool to comprehend the world we live in and policy decisions made by central banks and fiscal authorities. Students in this course will learn how to obtain and use macroeconomic data such as GDP, inflation and unemployment for the analysis of current economic issues and policy decisions.
Prerequisite: Econ 101
J. Smith

ECON 251: Intermediate Microeconomics (formerly 211)

A study of how individuals and organizations deal with the problem of scarcity, the role of prices in coordinating economic activity, criteria for determining desirable allocation of resources, the mix of private and public institutions, and the economic basis of public policies.
Prerequisites: Econ 101 and Mathematics 141 or 161
Offered every semester

ECON 252: Intermediate Macroeconomics (formerly 212)

An examination of aggregate economic activity focusing on the forces that determine the behavior of real GDP, interest rates, and the price level. Economic growth, fluctuations, unemployment, and inflation are analyzed along with alternative policies for dealing with them.
Prerequisites: Econ 101 and Mathematics 141 or 161
Offered every semester

ECON 253: Fundamentals of Econometrics (formerly 213)

This course focuses on building multiple regression models useful for testing economic theories and making business forecasts. Topics include simple and multiple regression, dummy variables, multicollinearity, heteroscedasticity, serial correlation, and binary dependent variable models. The coursework includes extensive use of statistical software packages and large data sets. Students who receive credit for 253 may not receive credit for 365. Similarly, students who receive credit for 365 may not receive credit for 253.
Prerequisites: Econ 251 and Mathematics 186
Offered every semester

ECON 255: Multinational Business and Corporate Social Responsibility

Strategic corporate social responsibility (CSR) is about how a company resolves the dilemmas around its core product or service, how that product is produced, and how and to whom it is marketed. In effect, multinational corporations which have a business model that uses profit to fuel constant innovation in new products, now have to include, for example, programs to reduce emissions, carbon trading, fair trade practices and differential pricing of general drugs in poor developing countries that demonstrate the potential for CSR; others illustrate the continuing limitations. The object of this course is to make students aware of international business situations that require moral reflection, judgement and decision, while revealing the complexities that often surround business choices and the formation of public policies. Learning through cases of irresponsible actions as well as responsible behavior, the course focuses attention on the study of International Business circumstances in which hard choices must be made under complex conditions of uncertainty and disagreement. Students who receive credit for 255 may not receive credit for 352. Similarly, students who receive credit for 352 may not receive credit for 255.
Prerequisite: Econ 101, Econ 218 or permission of instructor
R. Ahene

ECON 256: Evolutionary Game Theory

An introduction to the concepts, techniques, and application of evolutionary game theory. The mathematics of game theory and natural selection offer insights valuable to the study of economics, biology, psychology, anthropology, sociology, philosophy, and political science. This course is intended to serve students with interests in any of these fields learn the approach, requiring minimal mathematical background, with special attention to apparent paradoxes, such as the evolution of altruism.
Prerequisites: Math 141, 161, or 165; and one of the following: Econ 101, Biol 102, A&S 102, 103, Psych 110, Govt 101, 102, 103, 104, Phil 200, 245, 250, 260, or Neur 201
R. Root, C. Ruebeck

ECON 300: Industry, Strategy, and Policy

This course serially examines the major sectors of the global economy using the tools of economic theory. For each sector, students analyze current market conditions and trends, financial performance, critical challenges, and relevant public policies.
Prerequisite: Econ 251

ECON 303: Income Tax Topics

This course introduces students to the concepts and intricacies of federal income tax policies. Students learn to recognize the major transactions inherent in business and financial transactions.
Prerequisite: Econ 218

ECON 311: Causes if Financial Crises

Students in this course will evaluate the causes of financial crises with an emphasis on the latest financial crisis. There will be specific focus on financial leverage, financial innovation, capital imbalances, regulatory failure, and incentives (e.g., the “seven deadly sins”). Students will be asked to make suggestions for reforms to prevent or mitigate future crises. [W]
Prerequisite: Econ 251, 252 and (253 or 365), or permission of instructor
M. Kelly

ECON 319: Financial Theory and Analysis

This course takes the principles of accounting and applies them to the world of finance. The emphasis is on the theory that underlies corporate accountability for financial reporting. Selected reporting and disclosure issues, such as financial statement presentations, earnings per share (EPS), debt, equity, and investments of excess funds for strategic financial management, as well as cash flow analysis, are incorporated. Excel spreadsheets are used extensively.
Prerequisites: Econ 218
Offered every semester
R. Bukics

ECON 320: Corporate Finance

Analysis and practical application of corporate financial data as it relates to managerial decision making. Particular emphasis is placed on the corporate investment and financing decision, risk management, and the dividend decision.
Prerequisites: Econ 251, 218 and 319
Offered every semester
D. Chambers, M. Kelly

ECON 321: Investments

An examination of the portfolio theory and security analysis involved with both fixed income and equity securities. Topics include analysis, pricing, and risk management.
Prerequisites: Econ 319
D. Chambers

ECON 322: Financial Markets

This course is an introduction to Flow of Funds analysis and interest rate determination in the money and capital markets, the structure of interest rates, efficient market hypothesis, and major financial institutions in the United States.
Prerequisite: Econ 251, 252 or permission of instructor

ECON 323: Money, Financial Intermediation, and the Economy

A theoretical analysis of the role of money in determining the level of economic activity. Topics covered include the determination of interest rates and inflation, the institutional structure of financial intermediaries and the Federal Reserve, and the history of monetary policy in the United States. [W]
Prerequisite: Econ 251, 252 or permission of instructor
E. Gamber

ECON 324: Options and Futures

This course examines the practices and principal theories of major options and futures markets. Special emphasis is placed on the role of derivative securities in facilitating risk management.
Prerequisite: Econ 321
D. Chambers, M. Kelly

ECON 325: Women and the Economy

This course surveys a wide range of economic issues relating to women’s lives with special emphasis on family, work, and income. Public policy applications are stressed. [W]
Prerequisite: Econ 101, 251 & 253 or Econ 365
S. Averett

ECON 327: Applied Microeconometrics

The course introduces students to the application of econometric techniques commonly used by microeconomists. The emphasis is on specification, estimation, interpretation, and testing of microeconometric models rather than a thorough treatment of asymptotic properties of estimators. Methods considered include panel data estimators, instrumental variables estimators, difference-in-differences methods, limited dependent variable models, quantile regressions and non-parametric regressions. An emphasis will be placed on application through data-intensive assignments and a research project. [W]
Prerequisite: Econ 253 or Econ 365. Econ 365 can be taken concurrently as long as the student has completed Math 336.
D. Stifel

ECON 330: Urban Economics and Public Policy

An introduction to the economic analysis of urban areas. Theories of urban growth and of intra-metropolitan land use are explored. Topics include trends in the location of economic activity within urban areas, the urbanization of poverty, and problems of urban government.
Prerequisite: Econ 251, 252 or permission of instructor
R. Ahene

ECON 331: Industrial Organization

This course integrates microeconomic theory with economic application techniques in an investigation of various market structures, strategic firm interaction, antitrust issues, and economic regulation. Beginning with the standard Structure-Conduct-Performance paradigm and proceeding through some of the most recently developed theories in noncooperative games, the course content exposes students to an array of methods that facilitate the analysis of market structures, antitrust, and regulatory issues.
Prerequisite: Econ 251 or permission of instructor
C. Ruebeck

ECON 332: Economic Analysis of the Health Care Industry

This is a course in applied microeconomic theory that examines the health care market from the perspectives of those who supply health care. The course examines the supply of health care and the behavior of health care providers. In this section, the economic theory of the firm is the behavioral model that guides the analysis. The market for physicians and hospital services, and the pharmaceutical industry will be studied. The performance of the U.S. health care system will also be compared to models in other nations. Discussion of empirical studies, current policy debates, and the relevance and limits of the economics approach will be emphasized.
Current public policy debates about health and medical care.
Prerequisites:Econ 101, 251, 253
S. Averett

ECON 336: Experimental and Behavioral Economics

This course provides an introduction to the methods and basic results in experimental and behavioral economics. Students examine the design and execution of laboratory and field experiments, and the role of experiments in informing economic theory. We will read a broad survey of experimental results, including risk and time preferences, other-regarding preferences, behavior in markets and biases in decision making.
Prerequisite: Econ 251
J. Lafky

ECON 337: Economic Issues in the Demand for Medical Care

This course studies the health care systems and institutions, the demand for medical care and medical insurance, and the production and costs of medical care from an economic perspective. General issues in cost and benefit analysis will also be introduced. The objective of this course is to teach students to learn and apply various microeconomics tools to the  demand side of health issues and problems, and to promote a better understanding of health policies. This course differs from Econ 336 which focuses on the supply of health care.
Prerequisites: Econ 101, 251, and 253
Y. Wang

ECON 338: Economics of Sports

The application of theoretical economics to the sports industry. Professional and collegiate sports offer opportunities for both theoretical and empirical research due to the amount of data that is available. Topics include market structure and antitrust, managerial decisions for inputs and outputs, and pay and performance in labor markets. Students choose a topic area for presentation and write a paper on a contemporary sports issue.
Prerequisite: Econ 251 and either Econ 253 or Econ 365

ECON 339: Foundations of Entrepreneurship and Economic Development

This seminar explores business entrepreneurship as foundational in an economy’s transformation, growth, and development. Its analytical underlay is that entrepreneurship, whether redistributive or productive, converts ideas into economic opportunities, “assetizing” and commoditizing their intellectual properties and property rights into economic prices and tradable values through market exchange, which in turn drives and guides innovation and change and flexibility and dynamism in an economy. The focus will be on the institutional framework, environment, and analytical processes that enable business entrepreneurship.
Prerequisite: Econ 251
G. Hutchinson

ECON 341: Public Sector Economics

A study of the public sector of the economy that includes the theories of public revenues and expenditures, the tax structure of American governments including analysis of the rationale and consequences of major taxes, and major expenditure programs. Fiscal problems of state and local governments and intergovernmental fiscal relations are also examined.
Prerequisite: Econ 251, 252 or permission of instructor

ECON 342: Public Finance

This course is a study of the role of government in the economy: When should government intervene, how does it intervene, and what is the effect of interventions on economic outcomes? These issues are examined using the tools of economic theory and statistics, with emphasis on applications and analysis of policies in the U.S. and other countries.
Prerequisite: Econ 251, 253
Offered every semester
M. Crain

ECON 345: Political Economy

Political economy examines issues that lie on the boundary of political science and economics. At one level, the course uses the tools of modern economics to examine behavior in political settings: why people vote, make campaign contributions, run for political office, favor specific legislative programs, and so forth. At another level, the course seeks a rich understanding of economic policymaking by considering the role of political institutions and non-market incentives.
Prerequisite: Econ 251, 253
Offered every semester
M. Crain

ECON 346: Economic Development

An introductory survey of the economic structures and behavior of developing countries and how these factors influence their approach to the challenges of reducing poverty, improving health and education, and increasing their productive capacity and national and per capita income. The course examines the applicability of conventional economic logic and analytical tools to developing economies. Competing paradigms of development and the implications of different sets of behavioral assumptions are explored.
Prerequisite: Econ 210 or 251-252 or permission of instructor

R. Ahene, D. Stifel

ECON 347: Advanced Topics in Development Economics

This course will cover a series of topics on economic development in low-income countries. The emphasis will be on microeconomic theory as it applies to poor country settings. The topics addressed in the course are based on recent advances in economic theory related to information-based market failures and fragmentation, coordination failures, and self-reinforcing mechanisms that result in persistence of dysfunctional institutions prevalent in poor countries.
Prerequisites: Econ 251, 252
D. Stifel

ECON 351: International Monetary Systems

This course provides students with an understanding of the international monetary system. The course examines the foreign exchange market and the role that governments play in this market. A review of previous and current exchange rate systems and an analysis of international capital markets is provided.
Prerequisites: Econ 210 or 251-252 or permission of instructor, and junior/senior standing

ECON 352: International Business

This course examines the mechanics of doing business abroad and thoroughly explores the challenges that management faces today within an international environment. The greater the number of countries in which a corporation operates, the more “multinational” it is. More specifically, students are introduced to the field of global strategic management and are provided with a good understanding of the fundamental importance of cultural, economic, political, and environmental factors in the growth of global business and investment.
Prerequisites: Econ 210, or 251-252, 218
R. Bukics

ECON 353: International Trade Policy

This course examines the ways in which international trade in goods and services is regulated through trade policy. This course has several objectives: 1) to provide students with an understanding of how and why international trade is regulated, 2) to demonstrate to students how particular trade policies affect international trade and international economic welfare, and 3) to expose students to the economic and political forces that shape international trade policy.
Prerequisite: Econ 210 or 251-252 or permission of instructor
J. DeVault

ECON 354: Contemporary African Economics

Analysis of the contemporary economic environment in Africa: political sociocultural identity and economic structure, trends in public and private capital flows, African regional and international economic institutions, trade development and relations with world markets, investment concessions and risk, with case illustrations from African countries.
Prerequisite: Econ 210 or 251-252 or permission of instructor

R. Ahene

ECON 358: Corporate Governance and Ethical Responsibility in the Global Environment

The publicly owned corporation is the dominant legal form for business enterprises in the past 100 years. Corporate governance refers to the organizational structure that supports an enterprise’s efforts to utilize firm assets to produce goods and services for profit. The main focus of this course is the intersection of corporate governance principles, financial accountability, and the effective execution of ethical business decisions by both large multinational enterprises (as individual entities) and the employees that act on behalf of the firm. Thus, this course will examine the rights and responsibilities for each of the constituents who serve a key role in facilitating efficient and effective business practices, most notably the chief executive officer, the board of directors and the shareholders. Legal requirements, other regulatory financial reporting constraints, as well as the role of corporate culture throughout the globe, are also considered.
Prerequisite: Econ 319
R. Bukics

ECON 360: Marketing Science

What products do firms decide to introduce? How do they price and promote existing products? Drawing from knowledge in the areas of microeconomic theory and strategic marketing, students use analytical modeling, case study, and computer simulation methods to explore techniques as well as ethics and economic efficiency of product promotion, pricing, and differentiation in today’s diverse and evolving markets.[W]
Prerequisite: Econ 251 or permission of instructor
C. Ruebeck

ECON 361: Marketing Research

Although the pervasive assumption in microeconomics is that firms know their markets demand functions, understanding how firms actually acquire this information requires studying the well-established techniques embodied in the field of marketing research. Consumer demand features studied include preferences among existing products, new product development, competitive analysis, and customer satisfaction. Research design, data collection methods, sampling issues, and data analysis using basic and advanced statistical techniques are covered. Students apply econometrics to the task of understanding consumers’ needs.
Prerequisite: Econ 251 and 253
C. Ruebeck

ECON 365: Econometric Analysis

Econometric analysis is a blend of mathematics, statistics, and economic theory. It focuses on the development of multiple regression models useful for testing economic relationships and making business forecasts. The multiple regression model and problems encountered in its application are developed in lecture and individual applied research papers. Topics include serial correlation, heteroscedasticity, simultaneous equations, and limited dependent variable models. Special attention is given to the matrix algebra determination of estimators. Students who receive credit for 365 may not receive credit for 253.Similarly, students who receive credit for 253 may not receive credit for 365.

Prerequisites: Mathematics 272 or 300, 336, 176, 186(with permission of instructor); Econ 251, 252 (one of the preceding can be taken concurrently)
S. Averett

ECON 366: Macroeconometrics

The twin objectives of this course are: 1) to introduce students to macroeconometric theory and techniques, and 2) to provide students with practice applying those techniques. The topics covered in the course are: Solow Growth, Okun’s Law, the Phillips curve and monetary policy. Techniques covered include time series decomposition, vector autoregressions and conintegration. The course involves frequent use of econometric software to provide students with experience in applying the techniques discussed in class.
Prerequisites: Econ 365 (may be taken concurrently); Math 272
E. Gamber

ECON 367: Internship

A one-semester course that emphasizes the practical application of economics management principles. A limited number of students are placed in either community business organizations or governmental agencies. Under the direction and supervision of a designated internship sponsor, the student completes a training program and a practical work project. Internships do not count toward the elective courses required in the major. Permission of instructor required.
S. Averett

ECON 370-375: Special Topics

A seminar study of major economic issues facing the United States and world economies. Topics to be announced in advance of each semester.
Prerequisite: as stated for each special topics course

ECON 390, 391: Independent Study

An investigation and report on a subject selected by the student. Open by permission of the department. Hours to be arranged.

ECON 400: Advanced Monetary Policy

A small group of selected students work together with faculty mentors in competition with teams from other colleges and universities. Each team develops a presentation involving U.S. monetary policy and delivers this presentation to judges from the U.S. Federal Reserve System. Interested students are encouraged to take Econ 223-Money and Banking.
Prerequisites: Economics 252 and Committee Recommendation

ECON 495, 496: Thesis

For honors candidates. One course each semester. Only Econ 496 counts toward the required electives in the major; Econ 495 does not. 496