Undergraduate Economics Courses

200

Course Number	Course Name	Course Description
202	Principles of Economics (Micro)	Elementary principles of economics; the economic problem and the price system; theory of demand, theory of production and the firm, theory of supply; the interaction of demand and supply
203	Principles of Economics (Macro)	Measurement and determination of national income, employment and price; introduction to monetary and fiscal policy analysis; the effects of government deficits and debt, exchange rates and trade balances

300

Course Number	Course Name	Course Description
311	Money & Banking	Fundamental principles of money, credit and banking; arbitrage conditions in domestic and international capital markets; theoretical and institutional analysis of money markets.
312	Poverty & Inequality	Determinants of inequality in market earnings; philosophical and economic reasons for redistributing income; issues in measurement of inequality and poverty; examination of major social insurance and welfare programs and how they affect income distribution and performance of the economy.
315	Sports Economics	Application of Economic concepts to the business and practice of sports; taxpayer funding of stadiums; applications of game theory of sports; impact of imperfect information; pricing strategies; testing models of discrimination in sports markets.
318	Economics of Gender & Race	Theories and evidence on gender and race differences in labor market outcomes; labor supply and the role of family formation; the effect of human capital and discrimination on earnings; analysis of government policies; international comparisons.
320	Economic Development of Europe	Development of wage system expansion of markets, Industrial Revolution, relation of industrial development to political policy.
323	Micro-economic Theory	Determination of prices and their role in directing consumption, production and distribution under both competitive and non-competitive market situations.
324	Comparative Economic Systems	Foundations of the market economy, market socialism, and economic planning; comparative performance of these alternative institutional arrangements; economies in transition.
328	Economics of Education	Application of economic analysis to education policy; theoretical basis for private and public investment in education; returns to education; the importance of school resources, school financing, school choice, and accountability.
330	Economic Development	A study of the less developed world; economic problems and solutions.

400

Course Number	Course Name	Course Description
410	Macroeconomic Theory	Theory of the determination of aggregate levels of national income, employment and prices; monetary and fiscal policy analysis, effects of government debt and deficits.
412	Public Finance	Economic role of governments; the choice of public sector output in a democracy and the effects of various taxes on resource allocation and income distribution.
414	Health Economics	Economics of healthcare in the U.S.; role of third-party payers; supply and demand for healthcare; structure and consequences of public and private insurance; role of competition in health care markets among hospitals, insurance plans, physicians and pharmaceutical manufacturers; role of competition and regulation in medical innovation.
418	Economics of Labor	Economics of the labor market: factors affecting the economy’s demand for labor and the supply of labor; labor market problems such as unemployment and poverty; the economics of trade unions and collective bargaining.
420	Law and Economics	Mutual interaction of the prevailing legal system and economic phenomena; development of a series of testable hypotheses concerning the effects of laws and regulations on incentives and economic behavior, the allocation of resources and the distribution of income.
425	Organization of Industry	Relationships between structure, conduct and performance of industries in the American economy using both theoretical and empirical material; antitrust regulation, pricing, product characteristics, advertising, technical change and environmental effects; the American experience contrasted with that of other countries; growth of international industries.
426	Antitrust Economics	Bureaucratic and judicial impact of antitrust laws and other regulatory means on the American economy; efficiency gains and losses associated with price discrimination, predation, cartelization, horizontal merger, vertical integration, resale price maintenance; Supreme Court opinions delivered in landmark antitrust cases.
433	Energy Markets & Policy	Economics of energy markets and energy regulation with emphasis on implications for optimal energy policy; sectors include gasoline, oil, electricity, natural gas, renewables, nuclear; Economic theory integrated with empirical applications from American and international experience; new energy markets, energy trading, and interaction with environmental policy.
435	Economics of Resource Scarcity	Natural resource management and use; problems of renewable and non-renewable resources including scarcity and market responses, role of property rights, externalities, benefit-cost analysis and energy policy.
436	Environmental Economics	Economic theory and public policy as applied to environmental problems; role of market failure in explaining the existence of pollution; alternative strategies for pollution control and environmental management; global environmental issues.
440	Experimental Economics	Experimental techniques in economics and survey of literature in experimental economics; credibility of experimental data and criteria for determining reliability; application of statistical treatment to experimental data.
445	Financial Economics	Economic analysis of money and financial markets; market structures, efficiency, institutional features; international markets; arbitrage; derivative securities; asset pricing in complete and incomplete markets; relation to rest of economy.
449	Economics of Decision-Making Strategy	Introduction to principles of decision-making and analysis of strategic interaction; formal modeling of decision problems involving one or more agents, integrating preferences, risk, and uncertainty into analysis, and using principles of game theory to advise choices; applications include search, signaling, design of contracts, agendas and repeated interaction.
452	International Trade Policy	Basis for trade; theory of comparative advantage; determination of product and factor prices; gains from international trade; commercial policy and its implications for income distribution; concept of effective protection; market distortions, policy generated distortions and the arguments for tariffs.
459	Games & Economic Behavior	Introduction to game theory for advanced undergraduates; definition and existence of an equilibrium point for strategic, repeated and extensive form games; strategic and evolutionary equilibrium refinements; equilibrium selection; applications include auctions, bargaining, oligopoly, strategic market games, team production, voting and behavioral game theory.
460	Intro to Math Economics	Introduction to mathematical economics; application of the mathematical tools in economic theory; fundamental results from differential and integral calculus; duality theory in consumer and producer theory; classical optimization techniques, elementary differential equations and stability analysis.
465	Contemporary Economic Issues	Application of micro-economic and macroeconomic analyses to evaluate contemporary economic issues.
470	Program Evaluation	Economic approaches to program policy evaluation; empirical micro-economic tools; natural experiments; design experimental and quasi-experimental method.
484	Internship	Internship for credit.
485	Directed Studies	Research and design of specific problem areas approved on an individual basis with the intention of promoting independent study and to supplement existing course offerings. Results of study presented in writing.
489	Special Topics	Selected topics in an identified area of economics. May be repeated for credit.
491	Research	Research conducted under the direction of a faculty member in Economics. May be taken three times for credit.

Undergraduate Econometrics Courses

Course Number	Course Name	Course Description
461	Economic Data Analysis	Concepts of statistical description, probability theory and statistical inference as they apply to Economic analysis; data management, data handling, and data analysis; focus on Economic statistics with emphasis on regression analysis.
463	Introduction to Econometrics	Application of mathematics and statistics to interpret economic phenomena; elementary econometric models and estimation techniques useful for estimating economic relationships and theories.
475	Economic Forecasting	Econometric approach to prediction and forecasting; data mining and in-sample over fitting; exploratory data analysis; model selection; recursive techniques; structural change; nonlinear models; causality; forecast evaluation and combination; practical issues in real world prediction and forecasting.