Economics (ECON)

Subject Number Title Hours Catalog Description General Education Category
ECON 100 Economic Decisions for Consumers and Families 3 hours. Principles of consumer education. Consumer decision making and consumer responsibility throughout the life-cycle. 
ECON 110 Economics of Gender 3 hours. The role of gender in the economy; comparisons between men and women in time allocation patterns, education, and earnings; economic implications of diverse family structures. Same as GWS 110.  
ECON 120 Principles of Microeconomics 3 hours. Scarcity and choice, price system, decision making by consumers, individual and market demand, optimal input decisions by firms, perfect and imperfect competition, international trade. Credit is not given for ECON 120 if the student has credit for ECON 130.  Individual and Society, and US Society course.
ECON 121 Principles of Macroeconomics 3 hours. Determinants of the level of economic activity, inflation, unemployment, interest rates, the roles of fiscal and monetary policies, exchange rates, international trade. Credit is not given for ECON 121 if the student has credit for ECON 130.  Individual and Society, and US Society course.
ECON 130 Principles of Economics for Business 5 hours. The price system, supply and demand, decision-making by consumers and firms, market structure, the level of economic activity, inflation, unemployment, international trade. Credit is not given for ECON 130 if the student has credit for ECON 120 or ECON 121.  Individual and Society, and US Society course.
ECON 201 Honors Seminar in Economics 1 hour. Selected issues in economics. Topics vary. Satisfactory/Unsatisfactory grading only. May be repeated to a maximum of 4 hours with approval. Students may register in more than one section per term. Approval to repeat course granted by the instructor and the Honors College. Prerequisite(s): Membership in the Honors College and consent of the instructor.  Honors course.
ECON 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(s): ECON 120 or ECON 130; and SPAN 303; or consent of the instructor. 
ECON 218 Microeconomics: Theory and Business Applications 4 hours. The price system, efficient resource allocation by consumers, firms, and government; perfect and imperfect competition; government regulation; ethics and the marketplace; business applications. Credit is not given for ECON 218 if the student has credit for ECON 220. Prerequisite(s): ECON 130, or both ECON 120 and ECON 121; and MATH 160.
ECON 220 Microeconomics: Theory and Applications 3 hours. 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. Credit is not given for ECON 220 if the student has credit for ECON 218. Prerequisite(s): ECON 130 or ECON 120; and MATH 160.
ECON 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. Same as INST 221. Prerequisite(s): ECON 130, or both ECON 120 and ECON 121; and MATH 160.
ECON 270 Statistics for Economics 4 hours. Descriptive statistics, probability theory, discrete and continuous probability distributions, sampling distributions, estimation, hypothesis testing.  Credit is not given for ECON 270 if the student has credit for IDS 270.   Prerequisite(s): MATH 160.  
ECON 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. Prerequisite(s): ECON 218 or ECON 220; or consent of the instructor and either ECON 120 or ECON 130 for pre-law students and criminal justice majors. 
ECON 322 Managerial Economics 3 hours. Application of economic theory to decision making by business firms; demand and cost analysis, including demand forecasts; pricing policies; capital budgeting; production analysis; uses of operations research methods. Prerequisite(s): ECON 218 or ECON 220; and IDS 270 or ECON 270.
ECON 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. Prerequisite(s): ECON 221, and either ECON 346 or IDS 371. 
ECON 324 Economic History of the United States 3 hours. Growth and structural changes in the American economy from colonial times to the present; special emphasis on contributing forces and factors. Prerequisite(s): ECON 218 or ECON 220. 
ECON 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(s): ECON 218 or ECON 220 or ECON 221. 
ECON 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(s):  ECON 218 or ECON 220 or ECON 221. 
ECON 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(s): ECON 218 or ECON 220. 
ECON 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(s): ECON 218 or ECON 220. 
ECON 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(s):  ECON 218 or ECON 220. 
ECON 331 Labor Economics 3 hours. Application of economic theory to labor markets and related economic phenomena; earnings, employment, unemployment, worker mobility, migration, discrimination. Prerequisite(s): ECON 218 or ECON 220.
ECON 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(s):  ECON 218 or ECON 220. 
ECON 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. Same as INST 333. Prerequisite(s):  ECON 218 or ECON 220 or ECON 221 or INST 221.
ECON 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. Same as INST 334. Prerequisite(s):  ECON 218 or ECON 220 or ECON 221 or INST 221.
ECON 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(s): ECON 221 or FIN 300. 
ECON 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(s): ECON 218 or ECON 220 or ECON 221. 
ECON 345 Introduction to Mathematical Microeconomics 3 hours. Mathematical analysis of microeconomic theory: mathematical treatment of price theory and the behavior of consumers and firms. Credit is not given for ECON 345 if the student has credit for MATH 180. Prerequisite(s): MATH 160 and ECON 120.
ECON 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. Prerequisite(s): ECON 120 or ECON 121 or ECON 130; and either ECON 270 or IDS 270. 
ECON 350 Economics of Sports and Entertainment 3 hours. Analysis of economic issues in the sports and entertainment  industries--industrial organization, financing, pricing, labor, and regulatory issues.   Prerequisite(s):  ECON 218 or ECON 220.
ECON 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. Prerequisite(s): ECON 218 or ECON 220; or consent of the instructor and either ECON 120 or ECON 130 for students enrolled in the College of Education.
ECON 353 Economic Demography 3 hours. 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(s): ECON 218 or ECON 220. 
ECON 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. Prerequisite(s): ECON 218 or ECON 220; or consent of the instructor and either ECON 120  or ECON 130 for students enrolled in a health sciences college. 
ECON 365 Economics of Risk and Insurance 3 hours. Uncertainty, risk aversion, risk pooling; moral hazard and adverse selection; the economics of self-insurance, social insurance, and the private insurance industry. Prerequisite(s): ECON 218 or ECON 220. 
ECON 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(s): ECON 218 or ECON 220. 
ECON 371 Introduction to Urban Real Estate 3 hours. Introductory survey of urban real estate; business, legal, economic and financial perspectives. Same as FIN 371. Prerequisite(s): ECON 218 or ECON 220. 
ECON 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(s): Consent of the instructor. 
ECON 395 Research and Writing in Economics 0 hours. This course is used to identify the "Writing in the Disciplines" requirement. Development of analytical and writing skills in economics. Satisfactory/Unsatisfactory grading only. May be repeated. Students may register in more than one section per term. Prerequisite(s): Concurrent registration in a designated 300- or 400-level economics course. 
ECON 399 Independent Study in Economics 1 TO 3 hours. Independent study in an area not covered by existing courses or exploration in greater depth of issues covered in a previously taken course. May be repeated up to 1 time(s). Prerequisite(s): 9 hours of economics courses at the 300-level or above, an overall GPA of at least 3.25/4.00, and consent of a faculty member and the director of undergraduate studies. 
ECON 436 Mathematical Economics 3 OR 4 hours. Application of mathematics to theories of consumer and producer behavior, determination of prices in markets, growth and stability features of macroeconomic models. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ECON 218 or ECON 220; and either ECON 345 or MATH 165 or MATH 180. 
ECON 441 Teaching Methods in Economics 3 OR 4 hours. Develops skills in preparing and giving lectures and examinations, computer usage and other aspects of teaching economics and consumer economics at secondary/higher education levels. 3 undergraduate hours. 4 graduate hours. Credit earned in ECON 441 may not be used to satisfy Economics credit requirements for the BA, BS, MA or PhD degrees awarded by the Department of Economics. Credit earned in ECON 441 may be applied toward the degree as an elective. Prerequisite(s): For undergraduate students, two 300- or 400-level electives in economics; for graduate students in economics, one course in graduate-level microeconomics or macroeconomics. 
ECON 442 Topics in Economic Education 1 TO 4 hours. Topics vary. Course content is announced prior to each term in which it is given.   May be repeated for credit. Students may register for more than one section per term. Credit for this course may not be used to satisfy the minimum number of Econonics credit hours needed for the BA, BS, MA or PhD in Economics.  It may be used as general elective credit for these degree programs or as the Economic Education course requirement for the Certificate in the Teaching of Economics.   Prerequisite(s):  Consent of the instructor.  Prerequisites may vary according to topic.
ECON 450 Business Forecasting Using Time Series Methods 3 OR 4 hours. Autoregressive, moving average, and seasonal models for time series analysis and business forecasting. Forecasting using multi-variable transfer function models. Same as IDS 476. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): IDS 371 or ECON 346 or consent of the instructor.
ECON 472 Real Estate Finance 3 OR 4 hours. 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. Same as FIN 472. 3 undergraduate hours. 4 graduate hours.  May not be used to satisfy the Economics credit requirement for the MA in Economics and PhD in Economics.  Elective credit only will be applied toward these degrees.  Prerequisite(s): ECON 218 or ECON 220.
ECON 475 Real Estate Markets and Valuation 3 OR 4 hours. Real estate market analysis. Sales comparison, cost, and income approaches to estimating residential and commercial property values. Statistical procedures for real estate analysis. 3 undergraduate hours. 4 graduate hours. Course may not be applied toward the minimum required courses in Economics for the MA or PhD in Economics. Prerequisite(s): ECON 218 or ECON 220; and ECON 270 or IDS 270; or consent of the instructor.
ECON 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. Prerequisite(s): Senior standing in the College of Business Administration and completion of all other CBA core courses, or consent of the instructor. 
ECON 499 Independent Study in Economics 1 TO 3 hours. Independent study of a topic not covered in a graduate-level course. Prerequisite(s): Graduate standing and consent of the director of graduate studies and the instructor.