Individual courses taken for credit under their former numbers may not be repeated for credit under their present numbers. A grade of C or better in ECON 103 and 104 is prerequisite to upper-division economics courses.
100 Economics for the Citizen (3:3:0) Not available to economics majors. Broad introduction to economic concepts and how they can contribute to a better understanding of the world around us. Applies and develops concepts to current economic and social problems and issues. Less formal modeling than in the 103–104 sequence.
103 Contemporary Microeconomic Principles (3:3:0) Introduces microeconomics in the context of current problems. Explores how market mechanism allocates scarce resources among competing uses; uses supply, demand, production, and distribution theory to analyze problems.
104 Contemporary Macroeconomic Principles (3:3:0) Prerequisite: ECON 103. Introduces macroeconomics in the context of current problems. National income analysis, money and banking, economic growth and stability, unemployment, inflation, and role of government.
110 Introduction to Economic Science (2:2:0) Registration is controlled; contact instructor for guidelines. Introduces economics as an observational science, covering personal vs. impersonal exchange, strategic interdependence and game theory, group decision making, and market design.
111 Laboratory Methods in Economics (1:0:3) Registration is controlled; contact instructor for guidelines. Enables participation in experimental economics research by recruiting subjects, writing experiment instructions, and monitoring sessions.
306 Intermediate Microeconomics (3:3:0) Prerequisites: ECON 103 and 104, and MATH 108 or 113. Basic factors of price and distribution theory: analysis of demand, costs of production and supply relationships, and price and output determination under various market structures.
309 Economic Problems and Public Policies (3:3:0) Prerequisites: completion or concurrent enrollment in all other general education courses, and ECON 103 and 104; or permission of instructor. Economic problems in light of current and proposed public policies. Topics include environmental issues, international trade policies, and regulatory issues and their historical roots.
310 Money and Banking (3:3:0) Prerequisites: ECON 103 and 104, or permission of instructor. Monetary, commercial, and central banking systems, with particular emphasis on their relationship with American government programs, fiscal policies, and controls.
311 Intermediate Macroeconomics (3:3:0) Prerequisites: ECON 103 and 104, or permission of instructor. Aggregate economic accounts, including measuring national income; determinants of levels of income and output; and causes and solutions for problems of unemployment, inflation, and economic growth.
316 Economic Growth and Business Cycle (3:3:0) Prerequisite: ECON 310 or 311, or permission of instructor. Covers factors contributing to sustained economic growth, emphasizing business fluctuations and their measurement.
320 Labor Problems (3:3:0) Prerequisites: ECON 103 and 104, or permission of instructor. Explores American labor unions and their effect on society, including causes of and proposed solutions to selected problems.
321 Economics of Labor (3:3:0) Prerequisite: ECON 306. Defines factors that determine levels of wages and employment, and economic consequences. Emphasizes recent developments in unionism, collective bargaining, and industrial technology.
330 Public Finance (3:3:0) Prerequisite: ECON 306 or permission of instructor. Covers intergovernmental financial relationships; types, incidences, and consequences of taxation; other sources of governmental income; governmental expenditures and their effect; public economic enterprises; public borrowing; and debt management and its economic effect.
335 Environmental Economics (3:3:0) Prerequisites: ECON 103 and 104. Microeconomic analysis of environmental problems. Topics include externalities and market failure, alternative solutions and policies, problems in monitoring and enforcement, economic analysis of development of legislation and regulation, and applications to current policy issues.
340 Introduction to Mathematical Economics (3:3:0) Prerequisites: ECON 306 and 311, and MATH 113; or permission of instructor. Mathematical treatment of theory of firm and household behavior, stabilization policy, growth theory, input-output analysis, and linear programming.
345 Introduction to Econometrics (3:3:0) Prerequisites: ECON 306 and 311, and OM 210 or STAT 250. Modern statistical techniques in estimating economic relations.
350 Regional and Urban Economics (3:3:0) Prerequisite: ECON 306 or permission of instructor. Regional development and metropolitan growth, including locational decisions of households and firms, and problems associated with high-density urban economic activity.
360 Economics of Developing Areas (3:3:0) Prerequisites: ECON 103 and 104, or permission of instructor. Economic growth characteristic of developing countries. Economic development, obstacles to development, policies, and
planning.
361 Economic Development of Latin America (3:3:0) Prerequisites: ECON 103 and 104, or permission of instructor. For non-Western credit. Economic development, institutions, and problems of Latin America.
362 African Economic Development (3:3:0) Prerequisites: ECON 103 and 104. Issues of economic development as applied to Africa. Includes overview of early economic history in Africa and post-independence development, and contemporary development problems.
365 Topics in Economic History (3:3:0) Prerequisites: ECON 103 and 104. Subject matter varies. Possible topics include ancient, medieval, modern European, and American economic history, using econometric analysis as necessary. May be repeated once for credit with permission of instructor.
370 Economics of Industrial Organization (3:3:0) Prerequisite: ECON 306, or permission of instructor. Factors influencing industrial structure, and industrial conduct and performance.
372 Economics of E-Commerce (3:3:0) Prerequisites: ECON 103 or permission of instructor. Examines how institutional rules, transaction costs, and behavior of agents affect performance of electronic marketplaces.
375 Introduction to the Economics of Religion (3:3:0) Prerequisite: ECON 103. Examines the theory of religious markets as they relate to effects, mainstream religion, new religious movements, religious extremism, and religious trends.
380 Economies in Transition (3:3:0) Prerequisites: ECON 103 and 104, or permission of instructor. Examines problems and achievements of formerly communist and socialist countries including China, Eastern European countries, and Russia and other countries of the former Soviet Union as they transition to more market-oriented economies. Includes market economics and central planning.
385 International Economic Policy (3:3:0) May not be taken for credit by students who have completed ECON 390. Introduces economic way of thinking on trade and international finance. Presents historical and current information on consequences of trade and protectionism.
390 International Economics (3:3:0) Prerequisites: ECON 306 and 311, or permission of instructor. Foreign exchange market, balance of payment, foreign trade policies, and theories of international trade.
403 Austrian Economics (3:3:0) Prerequisites: ECON 306 and 311. Microeconomic and macroeconomic models and misallocation of resources. Alternative economic tools from noted Austrian economists.
410 Public Choice (3:3:0) Prerequisite: ECON 306. Applies economic theory, methodology to study nonmarket decision making.
412 Game Theory and Economics of Institutions (3:3:0) Prerequisite: ECON 306 or permission of instructor. Introduces game theory and its relevance for analyzing framework of rules and institutions within which economic processes occur. Applies game theoretical concepts to comparative analysis of causes and effects of alternative institutional arrangements.
415 Law and Economics (3:3:0) Prerequisite: ECON 306 or permission of instructor. Economic analysis of the law. Topics include introduction to legal institutions and legal analysis; application of economic concepts to the law of property, contracts and torts, criminal and constitutional law; economic efficiency of common law; and public choice perspective on the evolution of the law.
420 International Money and Finance (3:3:0) Prerequisite: ECON 306 and 311, or permission of instructor. Examines models of balance of payments, exchange rate behavior, and open economy macroeconomics. Includes international financial system and issues such as globalization and international financial instability.
440 Economic Systems Design: Principles and Experiments (3:3:0) Prerequisite: MATH 213. Introduces design principles to develop systems to allocate resources. Students must participate in experiment demonstrations of different allocation mechanisms. They also are exposed to experimental methods in economics and market design.
441 Economic Systems Design: Case Studies and Analysis (3:3:0) Prerequisite: ECON 440. Requires students to design and develop mechanism to specific allocation problem. Students develop analytical and working engineering models of their mechanism.
442 Economic Systems Design: Implementation (3:3:0) Prerequisite: ECON 441. Involves students in developing experimental design to test proposed allocation solution. Design process includes construction of experimental parameters, treatments, and initial test in laboratory setting.
445 Design and Analysis of Experiments (3:3:0) Prerequisites: STAT 250, 344; and MATH 351 or IT 250; or permission of the instructor. Topics include comparing two or more treatments, and computing and interpreting analysis of variance. Discusses randomized block, Latin square, and factorial designs; and applications to economics experiments.
481 The Development of Economic Thought (3:3:0) Prerequisites: ECON 306 and 311, or permission of instructor. Developments in economic thought from 1500 to the present. Emphasizes historical origins, impact on contemporary economics, and theoretical validity.
490 Senior Seminar on Problems in Economics (3:3:0) Prerequisites: ECON 306 and 311, OM 210, and 90 credits; economics majors only. Applies economic tools to investigate problems in economics.
496 Special Topics in Economics (3:3:0) Prerequisite: varies with topic. Subject matter varies. May be repeated for credit with permission of department.
498 Internship (1-3:0:0) Prerequisites: 6 upper-level credits of economics, junior standing, and permission of instructor. Students find economics-related internship with assistance from Career Services. Pre-internship proposal and final reflections paper required.
499 Independent Study (1–3:0:0) Prerequisites: economics majors with 90 credits, and permission of both department and instructor. Individual study of selected area of economics. Directed research paper required. May be taken for a maximum of 6 credits.
ECON 306 and 311, or equivalent, are prerequisites to all graduate courses except ECON 600 and 602. Undergraduates require special permission to enroll in 600-level courses.
535 Survey of Applied Econometrics (3:3:0) Prerequisites: OM 210, and ECON 306 and 311, or permission of instructor. Applied introduction to estimating economic relationships. Includes simple equation and simultaneous equation system estimation. Students who take ECON 535 may not take ECON 637 for credit.
611 Microeconomic Theory (3:3:0) Prerequisites: admission to doctoral or master’s program, or ECON 306 and 311, and MATH 113; or permission of graduate coordinator. Covers theory of behavior of consumers, firms, and resource suppliers; theories of choice under risk and uncertainty; partial equilibrium analysis of competitive and noncompetitive markets; general equilibrium analysis; and welfare economics. Introduces capital theory.
612 Microeconomic Theory II (3:3:0) Prerequisite: ECON 611. Nature of the firm; theory of supply; and production functions, factor pricing, and supplies. Introduces microeconomic foundations of theories of public finance and public choice.
615 Macroeconomic Theory (3:3:0) Prerequisite: admission to master’s program in economics, or ECON 306 and 311, and MATH 108; or permission of graduate coordinator. Survey course covering monetary theory, theories of consumption and saving, budget deficits, economic growth, international finance, and monetary and fiscal policies.
623 American Economic History (3:3:0) Prerequisites: ECON 611 and 615, taken concurrently, or permission of instructor. ECON 637 recommended. Explores development of American economy, and evolution of economic institutions.
630 Mathematical Economics I (3:3:0) Prerequisite: admission to doctoral or master’s program, or ECON 306 and 311, and MATH 113; or permission of instructor. Includes set theory, function, differential calculus, integration, series, and matrix algebra, with special emphasis on economic applications.
632 Economic Systems Design Principles and Experiments (3:3:0) Prerequisites: courses in linear and nonlinear optimization, and linear algebra. Introduces analytical and engineering principles to develop exchange systems. Students must become familiar with literature on applied mechanism design; and understand behavioral aspects of auction systems, matching, assignment and transportation problems, and information markets. Also introduces methods for testbedding systems using experimental economics and statistical design.
633 Economic Systems Design Case Studies and Analysis (3:3:0) Prerequisite: ECON 632. Students begin process of doing research in design economic exchange system. Design process includes electronic instructions, and design of information structures. Students responsible for research into economic issues, and practical design issues.
634 Economic Systems Design Implementation (3:3:0) Prerequisite: ECON 633. Students do original research in economic systems design by constructing engineering model of solution to allocation problem. Research includes experimental and statistical design, and complete description of hypothesis related to construction of experimental parameters and treatments to test mechanism. Requires initial test of mechanism in laboratory setting.
637 Econometrics I (3:3:0) Prerequisite: acceptance to PhD program, OM 210, or permission of instructor. Techniques of estimating relationships between economic variables. Introduces multiple regression and problems associated with single equation model-autocorrelation, multicollinearity, and heteroscedasticity.
675 Economics of Religion I (3:3:0) Prerequisite: ECON 611, 612, 615, 630, 637. Explores the application of economics methods and insights to the exploration of the relationship between religious and socioeconomic behavior, beliefs, and institutions.
676 Comparative Economic Systems (3:3:0) Capitalism, socialism, and corporatism historical perspective. Includes examination of economies of representative contemporary countries.
715 Macroeconomic Theory I (3:3:0) Prerequisite: admission to doctoral program, or permission of graduate coordinator. Covers classical, neoclassical, Keynesian, and post-Keynesian theories of income and employment determination; theories of inflation and growth; and demand for money and implications for effectiveness of monetary vs. fiscal policy.
811 Microeconomic Theory I (3:3:0) Prerequisite: admission to doctoral program, or permission of graduate coordinator. Theory and applications of behavior of consumers, firms, and resource suppliers. Partial equilibrium analysis of various market structures and introduction to intertemporal choice and capital theory. Review and analysis of classic works in microeconomic theory.
812 Microeconomic Theory II (3:3:0) Prerequisite: ECON 811. Examines nature of firm; theory of supply; and production functions, factor pricing, and supplies. Introduces microeconomic foundations of theories of public finance and public choice.
816 Macroeconomic Theory II (3:3:0) Prerequisites: ECON 611 and 715, or permission of instructor. Aggregate economic activity and price levels with emphasis on dynamic models. Topics vary.
817 Monetary Theory and Policy (3:3:0) Prerequisites: ECON 615 and 637, or permission of instructor. Theory of mechanisms through which central banking affects economic activity and prices. Analyzes demand for money and its relationship to economic activity. Develops monetary theory with emphasis on current theories and controversies in the field.
820 History of Economic Thought (3:3:0) Explores major figures in history of economic thought and tools of analysis they created. Emphasizes classical, neoclassical, and Keynesian theories.
821 History of Economic Thought II (3:3:0) Covers development of economic analysis from marginal revolution of 1877 to present. Emphasizes development of neoclassical economic theory.
823 Topics in Economic History (3:3:0) Prerequisites: ECON 611 and 615. Offers economic analysis of various historical epochs including Industrial Revolution, evolution of political reform, rise of unions, and growth of government.
825 Political Economy and Public Policy I (3:3:0) Prerequisite: ECON 611, or permission of instructor. Covers economic process of public policy formulation and implementation; and economic behavior of principals in policy making and execution.
826 Political Economy and Public Policy II (3:3:0) Prerequisites: ECON 611, 615, and 825; or permission of instructor. Specific issues related to political economy of public policy, including privatization, political economy of deficit spending, regulation and deregulation, and economics of rent seeking.
827 Economic Philosophy (3:3:0) Prerequisite: ECON 611, or permission of instructor. Analyzes philosophical organization, including interrelations between economics and legal and political institutions; philosophical presuppositions of capitalist economy under constitutional democracy; alternative presuppositions for noncapitalist economies; and critical evaluation of history of ideas in social and moral philosophy.
828 Constitutional Economics (3:3:0) Prerequisite: ECON 611, or permission of instructor. Analyzes existing and proposed elements of economic constitution. Emphasizes fiscal, monetary, transfer, and regulatory powers of government and constitutional limits on such powers, especially in the United States. Includes analysis of proposed changes in limits.
829 Economics of Institutions (3:3:0) Prerequisite: ECON 611, or permission of instructor. Analyzes framework of rules and institutions for economic activities and transactions. Includes emergence and working properties of different institutions, and classical and contemporary approaches to economic theory of institutions.
831 Mathematical Economics II (3:3:0) Prerequisite: ECON 630 or permission of instructor. Covers mathematical treatment of economic theories. Includes static and dynamic analysis of macromodels; input-output analysis; and optimization techniques such as Lagrangian multipliers, linear programming, nonlinear programming, and game theory.
838 Econometrics II (3:3:0) Prerequisite: ECON 637 or permission of instructor. Explores econometric models and simultaneous equation systems. Includes identifying parameters and least squares bias, alternative estimation methods, and block recursive systems.
840 Law and Economics I (3:3:0) Prerequisites ECON 611, 630, 637. Uses economics to analyze U.S. common-law system, evaluating efficiency and logic of evolution. No prior knowledge of law required.
841 Law and Economics II (3:3:0) Prerequisite: ECON 840. Explores empirical analyses of law of property, torts, crime, and family. Also looks at law’s effects on freedom and economic growth.
842 Labor Economics (3:3:0) Prerequisites: ECON 611 and 615, or permission of instructor. ECON 637 recommended. Formal models of labor demand, supply, utilization, and wage determination; determination of factor shares in open economy; theory of collective bargaining, and impact of trade unions on wage rates and resource allocation; measurement, types, and causes of unemployment; and benefit-cost analysis of labor training and development projects.
844 Industrial Organization and Public Policy I (3:3:0) Prerequisite: ECON 611 or permission of instructor. Structure of American industry and underlying determinants. Includes structure and conduct on industrial performance in light of theory and empirical evidence; and rational antitrust policy and analysis of impact on structure and performance.
846 Industrial Organization and Public Policy II (3:3:0) Prerequisites: ECON 611 and 844. Covers relationship of law, economics, and theories of social control of property rights. Includes theories of market structure and industrial performance.
849 Public Finance (3:3:0) Prerequisite: ECON 611 or permission of instructor. Theoretical and institutional analysis of government expenditure, taxation, debt management, and intergovernmental fiscal relations. Includes allocative and distributional effects of alternative tax and subsidy techniques, principles of benefit cost, and cost-effectiveness analysis for government decisions.
852 Public Choice I (3:3:0) Prerequisite: ECON 611 or permission of instructor. Applies economic theory and methodology to study of nonmarket decision-making.
854 Public Choice II (3:3:0) Prerequisite: ECON 611 or permission of instructor. Applies public choice approach to study such topics as causes and consequences of governmental growth, behavior of public bureaucracies, and economic reasoning behind constitutional limitations on size and growth of government.
856 Urban and Regional Economics (3:3:0) Prerequisite: ECON 611 or permission of instructor. Regional development and metropolitan growth economics including locational decisions of households and firms, and problems associated with high-density urban economic activity.
861 Economics of the Environment (3:3:0) Analyzes economic models of ecosystems and pollutant discharges into environment. Includes methods of improving economic efficiency, and review of public policies.
866 Economic Development (3:3:0) Prerequisites: ECON 611 and 615, or permission of instructor. Explores forces contributing to or retarding economic progress in developing countries. Includes role of foreign trade, economic integration, foreign investment, multinational corporations, and technological transfers.
869 International Trade and Policy (3:3:0) Prerequisite: ECON 611 or permission of instructor. Studies classical, neoclassical, and modern theories of international trade; theory and practice of world trade models such as project LINK; foreign investment and economic growth, tariffs and nontariff barriers, and economic integration; and recent developments, with emphasis on natural resources.
871 International Monetary Economics (3:3:0) Prerequisite: ECON 615 or permission of instructor. Examines international adjustment mechanism, price and income effects, controls, and monetarist approach; development of international monetary system; demand for international reserves; capital movements; and role of International Monetary Fund.
875 Economics of Religion (3:3:0) Prerequisites: ECON 611, 630, 637, 812. Studies the relationship between religion and economies as it addresses a wide range of empirical questions concerning the causes and consequences of religious commitment. Issues addressed include the relationship between religious and political conservatism, correlates of socioeconomic factors and religious outcomes, and the contributions of religion to development, political liberty, and civil rights.
880 Austrian Theory of the Market Process I (3:3:0) Prerequisite: ECON 611. Examines theory developed by Menger, Mises, Hayek, and others of the Austrian School; and compares with other popular theories.
881 Austrian Theory of Market Process II (3:3:0) Prerequisites: ECON 611 and 615; ECON 880 recommended. Continuation of ECON 880. Topics vary and include market-process approach to analyzing capital accumulation and growth; money and credit institutions; inflation and unemployment; and industrial fluctuations.
885 Experimental Economics (3:3:0) Prerequisites: ECON 611 or permission of instructor. Designed for graduate students to learn how experimental methods can be used to inform economic research and practice. Students expected to have working understanding of basic economic concepts and multivariate calculus.
886 Experimental Economics II (3:3:0) Prerequisites: ECON 885 or permission of instructor. Research in experimental design. Topics represent basic tools to build, test, and implement exchange mechanisms in an applied setting.
895 Special Topics in Economics (3:3:0) Topics vary according to interests of instructor. Emphasizes new areas of discipline. May be repeated for credit as topics vary.
896 Directed Reading and Research (3:0:0) Independent reading and research paper on a topic agreed on by student and faculty member.
918 Seminar in Monetary Theory and Policy (3:3:0) Prerequisite: ECON 817. Selected topics of current interest.
950 Seminar in Public Finance (3:3:0) Prerequisites: ECON 611 and 849. Important public finance issues treated in seminar format.
975 Workshop in Religion and Economics (3:3:0) Prerequisites: ECON 675, 875. Topics vary according to interests of instructor. Emphasizes new areas of discipline. May be repeated for credit as topics vary.
985 Workshop in Experimental Economics (3:3:0) Prerequisites: ECON 885, 886. Designed for graduate students who have taken Experimental Economics and Economic Systems Design and are applying experimental methods to their own or collaborative research projects.
998 Doctoral Dissertation Proposal Research. Research on prospective dissertation topic. For students who have completed course work but have not yet advanced to candidacy. Graded S/NC.
999 Doctoral Dissertation Research (variable credit) Prerequisites: admission to PhD economics program, and permission of dissertation advisor. Research on approved dissertation topic under direction of dissertation committee. May be repeated; 24 credits may be applied to doctoral degree requirement. Graded S/NC.