Department of Economics

Economics Courses

Here you will find information on the courses offered by the Department of Economics, including course prerequisites and when they are offered.

Econ 1100 - Economic Issues (3 credits)

Introduction to current economic issues and how they affect individuals and society. Inflation, unemployment, government spending, taxes, wages, discrimination, retirement, welfare, education, profits, poverty, pollution, quality of life, and other issues will be discussed. This course may not be taken if both Econ 2201 and Econ 2202 have been taken.

Econ 2201 - Principles of Macroeconomics (3 credits)

Introduction to the U.S. economy. Includes analysis of demand and supply as well as the topics of national output, unemployment and inflation. Examines the roles of governmental spending and taxation and monetary policy conducted by the Federal Reserve.

Econ 2202 - Principles of Microeconomics (3 credits)

Introduction to demand and supply with applications to elasticity, consumer behavior, the cost structure of firms, the behavior of firms in industries that range from having monopoly power to being competitive, and the role of government in a market economy.

Econ 3301 - Macroeconomic Theory (3 credits)

Examines and analyzes aggregate economic activity as measured by the unemployment rate, inflation rate, and total output. Monetary and fiscal policy are explored and evaluated for stabilization purposes; economic growth is explained.

Econ 3302 - Microeconomic Theory (3 credits)

Examines and analyzes how rational buyers make optimal choices given their budgetary constraints and preferences. Examines and analyzes how sellers make profit maximizing decisions under different market structures. Explains how these individual choices are coordinated into outcomes which result in an efficient allocation of limited resources.

Econ 3303 - Economics of Health Care (3 credits)

Introduction to the economics of health and health care. Explores the health care sector and health policy issues from an economic perspective, and discusses how economic principles can be used to analyze health care issues and explain the behavior of patients, medical care providers, third-party payers, and employers in health care markets. Examines the nature and causes of the problems of medical care spending, access, and outcomes, as well as past and potential future actions to solve them.

Econ 3306 - History of Economic Doctrines (3 credits)

Overview of the academic and philosophical development of economic thought since its inception to modern times. Readings will come from original sources including Aristotle, Aquinas, Smith, Malthus, Ricardo, Marx, Mill, Marshall, Veblen, and Keynes.

Econ 3323 - Economic History (3 credits)

Qualitative and quantitative analysis of how society has dealt with the ever-changing landscape of structural change and economic growth. How institutions evolve in response to the conflict of perpetuating the status quo and anticipating new technology reveals insights attainable only with an economics perspective.

Econ 3331 - Money and Banking (3 credits)

The study of financial instruments, money, interest rates, the banking industry, and the structure and monetary policies of the Federal Reserve Bank. An examination of past and present monetary policy.

Econ 3334 - International Economics (3 credits)

Study of the principles and practices of international trade including the historical and economic background of foreign trade tariffs, foreign exchange, international finance, international balance of payments, and contemporary problems and policies in the field of foreign trade.

Econ 3338 - Public Finance (3 credits)

Study of government revenues, expenditures, and debt management, including an analysis of the effects of these governmental activities on the American economy.

Econ 3341 - Contemporary Labor Economics (3 credits)

Apply economic theories to issues affecting workers in the 21st century. These include labor's supply and demand, wages, human capital, unemployment, collective bargaining, fringe benefits, and government legislation.

Econ 3352 - Environmental Economics (3 credits)

Analysis of the interaction between the natural environment and the economy, including how our decisions, values and institutions affect the quality of the environment. Examine the conditions required for a market allocation to be efficient, the reasons why a market economy could fail to provide an efficient allocation of environmental resources, how this market failure results in environmental degradation, and the economics of various environmental policies.

Econ 3362 - Theory of Interest (3 credits)

Interest rate concepts applied to solving time value of money problems such as: valuation of bonds and annuities (level, arithmetic increasing/decreasing, geometric increasing/decreasing), loan amortization, capital budgeting, portfolio returns (dollar-weighted and time-weighted) and portfolio management (immunization). Introduction to financial instruments, including derivatives, and the no-arbitrage concept. Suitable for students pursuing a career in actuary, insurance or risk management.

Econ 3384 - Mathematics for Economics (3 credits)

Introductory study of mathematical methods that are frequently used in economics. Includes their application to basic economic theory.

Econ 4404 - Games, Conflicts, Cooperation and Strategy (3 credits)

Use game theory to model conflicts, cooperation and strategy, with applications in economics, business, political science, psychology, sociology, anthropology and biology. Equilibrium concepts, information structures, static and multi-period games will be discussed.

Econ 4409 - Industrial Organization (3 credits)

Industrial organization extends the theory of the firm to examine firms' strategic behavior, including methods to differentiate products and aggressive pricing schemes, and the government's response to these activities.

Econ 4411 - Political Economy (3 credits)

A critical introduction to the relationship between economic institutions and social analysis. The social implications of different views on economic concepts, such as the division of labor, capital, and value, are investigated from a classical, neoclassical and an institutional perspective.

Econ 4433 - Economic Development (3 credits)

A study primarily focused on differences between affluent areas of the world and developing nations and how this knowledge can be used to improve economic performance globally. In addition, a portion of the course will examine regional economic development models.

Econ 4439 - State and Local Finance (3 credits)

Study of taxation, borrowing and spending by state, city, county and other local governments. Taxing and spending patterns are evaluated and compared by states.

Econ 4474 - Senior Seminar (3 credits)

Discussion-driven capstone class that integrates selected topics in economics. Students will be required to do economic research, and write on and discuss current economic issues.

Econ 4481 - Independent Studies (1-3 credits)

Individuals will be assigned independent problems for research under the supervision of a departmental faculty member. May be repeated for up to 6 credits.

Econ 4482 - Internship (1-9 credits)

Directed student internship in economic organizations and businesses involving supervised work experience. The internship must be approved by the chair of the department. May be repeated for up to 9 credits.

Econ 4485 - Econometrics (3 credits)

Overview of the practice of econometrics, which combines economic theory, analytical reasoning and statistical techniques to better understand and interpret economic, social science and experimental data. The primary purposes of econometrics are the estimation of equation coefficients, hypothesis testing, and forecasting.

Econ 4491 - Seminar (1-3 credits)

Econ 4492 - Seminar (1-3 credits)

Econ 4497 - Workshop (1-2 credits)

Workshops aimed at the development and improvement of skills. Does not satisfy requirements for a major or a minor. May be repeated. Graded S/U.

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