Courses
201. Principles of Microeconomics
An introduction to the economic way of thinking and a study of market processes.
202. Principles of Macroeconomics
An introduction to macroeconomics, a study of the theory of income and employment and of the policies that affect the level of income and employment. It is recommended that Economics 201 be completed with a grade of C-minus or higher before attempting 202.
301. Microeconomic Theory
An intermediate-level course in the economic analysis of market processes. Prerequisites: C-minus or higher grade in Economics 201 and Mathematics 181.
302. Macroeconomic Theory
An intermediate-level course in the economic analysis of the determination of income, employment, and inflation. Prerequisites: C-minus or higher grades in Economics 201 and 202.
311. Economic History of the United States
A historical treatment of the economic development of America from colonial times to the present. Prerequisite: C-minus or higher grade in Economics 201 and 202.
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 grades in Economics 201 and 202.
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 grade in Economics 201.
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 grade in Economics 201.
334. Economics of Property Rights
A study of private property rights, communal property, and open access resources from both an economic and legal perspective. A research paper is required. Prerequisite: C-minus or higher in Economics 201.
336. Economics of Native Americans
A study of how American Indian Institutions were shaped by their culture, traditions, environment, and changes in technology. A research paper is required. Successful completion of this course satisfies the Cultures and Peoples requirement for graduation. Prerequisite: C-minus or higher in Economics 201.
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 covered and contracts written. A research paper is required. Prerequisite: C-minus or higher in Economics 201.
372. Business Law
A study of the contracts, uniform commercial code, and the legal environment of business.
401. International Economics
A study of the theory of international specialization and exchange, the making of international payments, and the relation of international transactions to national income. Prerequisite: B-minus or higher grade in Economics 301 and C or higher grade in Mathematics 181.
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 spring of even-numbered years. Prerequisite: Economics 302.
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. A research paper is required. This course is designated as writing intensive.
432. Managerial Economics
The application of economic analysis to the management problems of coordination, motivation, and incentives within organizations. Prerequisites: Economics 301 and Mathematics 181.
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 overarching objective of this course.
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 grade in Economics 201 and 202.
441. Comparative Economics Systems
A study of the nature and characteristics of a free market economy in comparison to controlled or managed economics such as socialism, communism, fascism, and mercantilism. In particular, the purposes of evolutionary institutions (such as the role of property rights and contract in eliciting social cooperation) will be examined. Prerequisites: C-minus or higher grade in Economics 201 and 202.
450. Senior Seminar
A capstone course required of all students in their last year of study completing the major in Business Economics or Economics. Not open to other students. Microeconomic and macroeconomic case studies are used to reinforce and evaluate the student's understanding of the economic way of thinking.
480. Special Topics in Economics
Topics may vary from year to year. Prerequisite: C-minus or higher grade in Economics 201 and 202.