202. Principles of Macroeconomics
An introductory course in the economic analysis of the determination of income, employment and inflation. It is recommended that Economics 201 be completed with a grade of C-minus or higher before attempting 202. (3/0/3)
 

280. Selected topics in Economics
Selected topics in Economics at the introductory or intermediate level. (1-4/0/1-4)

301. Microeconomic Theory
An intermediate-level course in the economic analysis of market processes. Prerequisites: Mathematics 160 or 181, and C-minus or higher in Economics 201. (3/0/3)

302. Macroeconomic Theory
An intermediate-level course in the economic analysis of the determination of income, employment, and inflation. Prerequisites: C-minus or higher in both Economics 201 and 202. (3/0/3)

311. Economic History of the United States
A historical treatment of the economic development of America from colonial times to the present. Prerequisites: C-minus or higher in both Economics 201 and 202. Writing intensive. (3/0/3)

322. Money and Banking
A study of the relationship between money and the level of economic activity, commercial and central banking, credit control under the Federal Reserve System, and the theory and objectives of monetary policy. Prerequisites: C-minus or higher in both Economics 201 and 202. (3/0/3)

332. Law and Economics
An economic analysis of Anglo-American legal institutions with emphasis on the economic function of the law of property, contract, and torts. Prerequisite: C-minus or higher in Economics 201. (3/0/3)

333. Environmental Economics
The application of economic principles to explain the existence of environmental problems and to evaluate proposals for improving environmental amenities. Prerequisite: C-minus or higher in Economics 201. (3/0/3)

334. Economics of Property Rights
A study of private property rights, communal property, and open access resources from both an economic and legal perspective. Writing intensive. Prerequisite: C-minus or higher in Economics 201, or permission of instructors. (3/0/3)

336. Economics of Native Americans
A study of how American Indian institutions were shaped by their culture, traditions, environment, and changes in technology. Writing intensive. Prerequisite: C-minus or higher in Economics 201. Successful completion of this course satisfies the Cultures and Peoples requirement for graduation. (3/0/3)

338. Water: Law, Economics & Policy
A study of the various political, legal and social institutions involved in mediating conflicting desires for water resources. (3/0/3)

340. Economics of Medical Care
The application of economic theory to study the delivery of medical services in a managed care environment. Transactions between patients, medical care providers and third party payers will be examined to show how profits are made, costs are covered, and contracts are written. Writing intensive. Prerequisite: C-minus or higher in Economics 201. (3/0/3)

342. Economics of Public Policy
Application of economic principles to determine the trade-offs, the direct and indirect effects, and the consequences — both intended and unintended — of public policies. (3/0/3)

344. Education & Inequality: A Socio-Economic Perspective
A study of income inequality in the United States, the economics of education, and the relationship between the education and income distribution. Writing intensive. Prerequisite: ECO 201. (3/0/3)

345. Economics of Crime
An overview of how economic theory can be applied to analyze the dynamics
of criminal activities. Students will learn how to use economics to examine the costs of crime, the behavior of criminals and potential criminals, the markets for criminal behavior and the goods and services that are produced in them, organized crime v. disorganized crime, and the public policies aimed at dealing with crime. Current issues that will be discussed include: the death penalty, gun control, and the legalization of criminal activities such as drug use, prostitution and gambling. Prerequisite: ECO 201. (3/0/3)

350. Behavioral Economics
A theoretical and empirical analysis of the connection between economics and other behavioral sciences, usually with the use of laboratory and field experiments. The course is divided into two parts: 1) Individual Decision-Making, and 2) Behavioral Game Theory. Applications range from analysis of self-controls problems to the consequences of social preferences and cognitive limitations. . Prerequisite: C-minus or higher in Economics 201. (3/0/3)

372. Business Law
A study of the contracts, uniform commercial code, and the legal environment of business. (3/0/3)

374. Due Process
A study of the legal concept of due process and how it has changed views of fairness in everyday life. Using the historical/legal background of due process the student will apply those concepts to other situations and systems. Writing intensive. Prerequisite: Economics 372 or permission of instructor. (3/0/3)

401. International Economics
Studies the impact of specialization and exchange on human well-being; evaluates the winners and losers when the U.S. raises or reduces its tariffs; examines the broader sociopolitical debate over globalization, especially the conflicting perspectives on the effects of international trade on child labor and the fabric of so-called “Third-World” cultures. Offered in the spring of odd-numbered years. Prerequisites: B or higher in Economics 301 and C or higher in Mathematics 160 or 181. (3/0/3)

402. International Macroeconomics
Survey of the forces that shape the U.S. international balance of payments. Impact of U.S. growth and U.S. inflation on domestic and foreign interest rates, imports, exports, the dollar’s value in relation to foreign currencies, and the net flow of capital between the U.S. and other countries. Offered in the spring of even- numbered years. Prerequisite: Economics 302. (3/0/3)

412. Public Finance
A theoretical and institutional analysis of government expenditure, taxation, and debt, including economic analysis of government decision making and the distributional effects of alternative tax and subsidy techniques. Writing intensive. Prerequisite: Economics 301. (3/0/3)

421. Economics of Regulation
Economic tools are used to study the formation and impact of federal, state, and local regulation, including rules on industrial structure, prices, labor, consumer products, health, and the environment. (3/0/3)

422. Game Theory
Game Theory is an analytical tool to model strategic interactions that is widely used in economics, political science, biology, sociology, and psychology. The course is intended to provide an introduction to the main concepts and techniques of the field, and use them to investigate relevant economic phenomena, such as bargaining, auctions, the “prisoner’s dilemma,” the “tragedy of the commons,” tacit collusion, competition among firms, and strategic interactions in labor, credit, and product markets. (3/0/3)

432. Managerial Economics
The application of economic analysis to the management problems of coordination, motivation, and incentives within organizations. Prerequisites: Economics 301 and Mathematics 160 or 181. (3/0/3)

439. Mathematical Economics
A thoroughly interdisciplinary approach to mathematics and economics. Measures such as logarithms, derivatives, and integrals will be employed to interpret trends of phenomena such as consumer welfare, social costs, inflation, etc. The formulation of qualitative explanations (concise and simplified) of quantitative outcomes is the overreaching objective of this course. Prerequisites: C or higher in Mathematics 160 or 181. (3/0/3)

440. History of Economic Thought
A study of the evolution of economic analysis, including a brief survey of the economic ideas of Aristotle, the scholastics, mercantilists, and physiocrats, and a more detailed study of the economic analysis of the classicists, Marxists, marginalists, and Keynesians. Prerequisites: C-minus or higher in both Economics 201 and 202. (3/0/3)

441. Comparative Economic Systems
Contrasts the nature and characteristics of a free-market economy against the centrally-orchestrated mechanisms of managed economies such as socialism/ communism, fascism, and the so-called “crony mercantilism” that prevails in most of modern-day Africa, Latin America, and the Middle East. Writing intensive. Prerequisite: C- or higher in Economics 201. Successful completion of this course satisfies the Cultures and Peoples requirement for graduation. (3/0/3)

450. Senior Seminar
A capstone course required of all students in their last year of study completing the major in Business Economics or Economics. Microeconomic and macroeconomic case studies are used to reinforce and evaluate the student’s understanding of the economic way of thinking. (4/0/4)

470. Independent Study in Advanced Economics
Study of a specific topic in economics under the direction of a departmental faculty member. The readings, program of research, and written work to be undertaken by the student will be determined in consultation with the instructor. Prerequisites: Junior or senior standing and permission of the instructor.
(Variable credit up to 3 hours)

480. Advanced Topics in Economics
Topics may vary from year to year. Prerequisites: C-minus or higher in Economics 201 or 202.