UIC - Department of Economics - College of Liberal Arts and Sciences

Undergraduate Economics Courses

The information below lists undergraduate courses approved in this subject area effective Spring, 2004. Not all courses will necessarily be offered this term.Please consult the Timetable for a listing of courses that are offered for a specific term.

100 Economic Decisions for Consumers and Families. 3 Hours.
Principles of consumer education. Consumer decision making and consumer responsibility throughout the life cycle.

120 Principles of Microeconomics. 3 Hours.
Credit is not given for Economics 120 if the student has credit for Economics 130. Scarcity and choice, price system, decision making by consumers, individual and market demand, optimal input decisions by firms, perfect and imperfect competition, international trade.

121 Principles of Macroeconomics. 3 Hours.
Credit is not given for Economics 121 if the student has credit for Economics 130. Determinants of the level of economic activity, inflation, unemployment, interest rates, the roles of fiscal and monetary policies, exchange rates, international trade.

130 Principles of Economics for Business. 5 Hours.
Credit is not given for Economics 130 if the student has credit for Economics 120 or 121. The price system, supply and demand, decision-making by consumers and firms, market structure, the level of economic activity, inflation, unemployment, international trade.

171 Fundamentals of Real Estate Economics. 3 Hours.
Same as Finance 171. Introduction to real estate; markets for real estate, real estate finance, basic law of real estate.

201 Honors Seminar in Economics. 1 Hour.
May be repeated for a maximum of 4 hours of credit with approval of the instructor and the Honors College. Satisfactory/unsatisfactory grade only. Selected issues in economics. Topics vary. Prerequisite: Membership in the Honors College and consent of the instructor.

210 Introduction to Third World Economies. 3 Hours.
Analysis of the interaction of cultural, social, political, and economic factors in determining the growth and development of the economies of third world countries. Prerequisite: Econ 120 or 130 or sophomore standing.

211 Topics in Economics Taught in Spanish. 3 Hours.
Applications of economic principles to analysis of selected economic issues, taught in Spanish. Specific topics to vary across semesters. Prerequisite: Econ 120 or 130, and Span 303; or consent of the instructor.

218 Microeconomics: Theory and Business Applications. 4 Hours.
Credit is not given for Economics 218 if the student has credit for Economics 220. The price system, efficient resource allocation by consumers, firms, and government; perfect and imperfect competition; government regulation; ethics and the marketplace; business applications. Prerequisites: Econ 130 or both Econ 120 and 121; and either Math 160 or 165 or 180.

220 Microeconomics: Theory and Applications. 3 Hours.
Credit is not given for Economics 220 if the student has credit for Economics 218. The price system, consumer behavior, market demand, the firm's technology and costs, perfect and imperfect competition, government regulation, general equilibrium and resource allocation, applications. Prerequisites: Econ 130 or both Econ 120 and 121; and either Math 160 or 165 or 180.

221 Macroeconomics in the World Economy: Theory and Applications. 3 Hours.
Determinants of the level of economic activity, inflation, unemployment, international economics, impact of domestic and world economy on business decisions, applications of the theory. Prerequisites: Econ 130 or both Econ 120 and 121; and either Math 160 or 165 or 180.

270 Statistics for Economics. 4 Hours.
Descriptive statistics, probability theory, discrete and continuous probability distributions, sampling distributions, estimation, hypothesis testing. Prerequisite: Math 160.

298 Internship in Economics. 1 to 3 Hours.
May be repeated for a maximum of 6 hours of credit. Satisfactory/Unsatisfactory grade only. Placement in a co-op or internship experience using skills in economics in an approved professional setting. A report must be written on the job experience. Prerequisites: Econ 130; or both Econ 120 and 121; and consent of the LAS or CBA co-op advisor, a faculty member from the Economics Department, and either the Department Head or Director of Undergraduate Studies.

320 Law and Economics. 3 Hours.
Economic analysis of law and legal processes; economic theory and applications of property law, contract law, and criminal law. Prerequisites: Econ 218 or 220; or consent of the instructor and either Econ 120 or 130 for pre-law students and criminal justice majors. .cm.

322 Managerial Economics. 3 Hours.

323 Business Conditions Analysis. 3 Hours.
Application of economic theory to analysis of changes in aggregate income and employment, quantitative economic models and their uses in the prediction of aggregate and more refined levels of business activity, stabilization theory and policy. Prerequisites: Econ 221; and either Econ 346 or IDS 371.

324 Economic History of the United States. 3 Hours.
Credit is not given for Economics 324 if the student has credit for Economics 224. Growth and structural changes in the American economy from colonial times to the present; special emphasis on contributing forces and factors. Prerequisite: Econ 218 or 220.

325 Topics in Economic History. 3 Hours.
Analysis of interaction between historical and economic factors in the evolution of economies. Specific topics to vary. Prerequisite: Econ 218 or 220 or 221.

326 History of Economic Thought. 3 Hours.
Selected topics in the evolution of positive and normative economics from the seventeenth century to the present. Prerequisite: Econ 218 or 220 or 221.

327 Comparative Economic Systems. 3 Hours.
Description and analysis of the normative and positive characteristics of alternative economic systems. Analysis of transition from centrally planned to market economies. Prerequisite: Econ 218 or 220 or 221.

328 Public Finance. 3 Hours.
The economic effects of taxes and government expenditures on the allocation of resources and income distribution, public goods and externalities, public choice, the principles and application of cost-benefit analysis; optimal taxation. Prerequisite: Econ 218 or 220.

329 Industrial Organization. 3 Hours.
Theory of the structure of markets, measures of industrial concentration, monopoly power, mergers and takeovers, price discrimination, product differentiation, advertising, research and development. Prerequisite: Econ 218 or 220.

330 Government and Business. 3 Hours.
Theory and survey of U.S. market structure, antitrust policy and monopoly power, economic regulation including price and quality regulation, social regulation. Prerequisite: Econ 218 or 220.

331 Labor Economics. 3 Hours.
Applies economic theory to labor markets and related economic phenomena; earnings, employment, unemployment, worker mobility, migration, discrimination. Prerequisite: Econ 218 or 220.

332 Urban Economics. 3 Hours.
Survey of economic problems of cities, demand for and supply of housing and urban land, residential segregation, suburbanization, impact of government programs. Prerequisite: Econ 218 or 220.

333 International Economics. 3 Hours.
The balance of payments; fixed, flexible, and multiple exchange rates; capital flows; comparative advantage; tariffs and subsidies; the factor price equalization theorem. Prerequisite: Econ 218 or 220 or 221.

334 Economic Development. 3 Hours.
Characteristics of poor countries, past experience and its relevance, analytical approaches, the role of exposure to foreign factors, planning and other policies. Prerequisite: Econ 218 or 220 or 221.

339 Monetary Theory. 3 Hours.
Modern money supply and demand theory, the role of money in domestic and international financial markets and in determining economic growth and inflation. Prerequisite: Econ 221.

342 Regional Economics. 3 Hours.
Location of economic activity, systems of cities, economic base theory, regional input-output analysis, neo-classical models of factor mobility, and local area economic development. Prerequisite: Econ 218 or 220 or 221.

345 Introduction to Mathematical Microeconomics. 3 Hours.
Mathematical analysis of microeconomic theory: mathematical treatment of price theory and the behavior of consumers and firms. Prerequisites: Math 160 and Econ 220.

346 Econometrics. 3 Hours.
Specification of economic models, measurement of variables, estimation of economic relationships and testing of economic hypotheses, ordinary least squares regression and extensions. Prerequisites: Econ 120 or 121 or 130; and IDS 270.

351 Economics of Education. 3 Hours.
Treatment of educational sector as an industry; demand and supply of education; issues in educational finance; implications of educational outcomes for economic structure and growth. Prerequisites: Econ 218 or 220; or consent of the instructor and either Econ 120 or 130 for students enrolled in the College of Education.

353 Economic Demography. 3 Hours.
Same as Women's Studies 353. Analysis of family decision making focusing on the economics of time allocation, marriage, divorce, fertility, and mortality; relationship between population growth and economic development. Prerequisite: Econ 218 or 220 or consent of the instructor.

354 Health Economics. 3 Hours.
Supply and demand for health services, the role of insurance in the health care industry, public policy issues, cost and quality regulation. Prerequisites: Econ 218 or 220; or consent of the instructor and either Econ 120 or 130 for students enrolled in a health sciences college.

370 Environmental Economics. 3 Hours.
Analysis of major environmental problems as market and policy failures. Benefit-cost methods evaluated. Equity and efficiency aspects of market-based approaches to environmental policy evaluated. Prerequisite: Econ 218 or 220.

371 Introduction to Urban Real Estate. 3 Hours.
Same as Finance 371. Introductory survey of urban real estate; business, legal.

economic and financial perspectives. Prerequisite: Econ 218 or 220.

390 Special Topics in Economics. 3 Hours.
Exploration of an area not covered in existing course offerings,or study in greater depth of a subject covered in an existing course. Prerequisite:Consent of the instructor.

395 Research and Writing in Economics. 0 Hours.
Satisfactory/Unsatisfactory grade only. May be repeated. Students may register for more than one section per term. This course is used to identify the "Writing in the Disciplines" requirement. Development of analytical and writing skills in economics. Prerequisite: Concurrent registration in a designated 300- or 400-level economics course.

399 Independent Study in Economics. 1 to 3 Hours.
May be repeated once for credit. Independent study in an area not covered by existing courses or exploration in greater depth of issues covered in a previously taken course. Prerequisites: 9 hours of economics courses at the 300-level or above and consent of a faculty member and the head of the department.

436 Mathematical Economics. 3 Hours.
Application of mathematics to theories of consumer and producer behavior, determination of prices in markets, growth and stability features of macroeconomic models. Prerequisites: Econ 218 or 220; and either Math 165 or 180.

450 Business Forecasting Using Time Series Methods. 3 Hours.
Same as Information and Decision Sciences 476. Autoregressive, moving average, and seasonal models for time series analysis and business forecasting. Forecasting using multivariable transfer function models is also included. Prerequisites: IDS 371 or Econ 445 or consent of the instructor.

472 Real Estate Finance. 3 Hours.
Same as Finance 472. Finance principles applied to real estate; financing of residential and income-producing real estate; real estate development finance; secondary mortgage market; taxation and real estate finance. Prerequisite: Fin 300.

495 Competitive Strategy. 4 Hours.
Multidisciplinary analysis of organizational strategy and policy, using case method and/or business simulation. Assignments involve extensive library research and oral and written reports. Prerequisites: Senior standing in the College of Business Administration and completion of all other CBA core courses, or consent of the instructor.

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Posted: 26 Feb 99
Information provided by the Office of Academic Affairs, Academic Programs.

This listing is for informational purposes only and does not constitute a contract. Every attempt is made to provide the most current and correct information. Courses listed here are subject to change without advance notice.

Courses are not necessarily offered every term or year. Individual departments or units should be consulted for information regarding frequency of course offerings.

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