Economics

Econ 170S Current Economic Issues (4-0) 4
Explores current economic issues in society by developing a set of basic tools of economic analysis and then applying those tools to contemporary economic questions. Issues to be covered will include topics such as inflation, unemployment, the farm problem, U.S. economic leadership, poverty, environmental standards, our financial system and worldwide economic growth. Recommended for NON-BUSINESS MAJORS who are interested in taking only one course in economics. Fall and winter terms.

Econ 201 Personal Finance (3-0) 3
Managing personal finances including budgeting, insurance, taxes, home ownership, investments, retirement and estate planning. This course is designed for majors outside the School of Business Administration. Offered on demand primarily in summer.

Econ 262 Principles of Economics – Micro (2-0) 2
An introductory course in price theory. Topics include opportunity cost, demand, supply, markets, elasticities and the organization of markets. This is a half semester course for which credit is earned by completing the first half of Econ 266S. For transfer students who have only had macro. Consent of instructor.

Econ 266S Principles of Economics (4-0) 4
An introductory course covering microeconomics and macroeconomics. The micro section includes opportunity cost, demand and supply analysis, elasticities, market behavior, market structures and international trade theory. The macro section includes national income theory, income flows, macroeconomic equilibrium and how these concepts are applied to examine economic growth, inflation, unemployment, monetary and fiscal policy, deficits and the national debt and the balance of payments. Fall, winter and summer terms.

Econ 272 Principles of Economics – Macro (2-0) 2
An introductory course on national income analysis. Included are income flows, macro-economic equilibrium, monetary and fiscal policy and balance of payments. This is a half semester course for which credit is earned by completing the second half of Econ 266S. For transfer students who have only had micro. Consent of instructor.

Econ 305 Economic Geography (4-0) 4
A course that uses Microeconomic and Macroeconomic analyses to offer theoretical and empirical evidence for the location of economic activity at specific places, how that economic activity leads to relationships within places, how and why movement of resources occurs and what factors can be used to define regions. On demand.

Econ 310 Economic History of the United States (4-0) 4
A study of the origin and development of the economic institutions of the United States from Colonial times to the present. U.S. economic development is considered in relation to theories of economic growth and development. Fall term.

Econ 330 Economics of Agribusiness (4-0) 4
An application of economic principles to problems in agriculture and the analysis of the agricultural enterprise as a business. Topics include supply and demand analysis, an analysis of agricultural production, industrial organization as it applies to agriculture, the use of management tools and decision making processes in farm and ranch management. Fall term of odd-numbered years.
Prerequisites: Econ 266S.

Econ 335 Environmental Economics (4-0) 4
This course presents the application of economic theory and analytical tools to a variety of environmental and resource problems. Economic reasoning is used to gain insights into the causes of, consequences of, and ways of dealing with environmental problems. The economic tools of cost/benefit analysis are developed and applied to environmental costs and benefits associated with a variety of private and public projects/policies. The ethical implications of these tools is also considered. Students will be expected to conduct an economic analysis of some proposed project/policy. Fall term.

Econ 356 Microeconomics Theory (4-0) 4
This course deals with the price system as it directs resources to more efficient use. It deals with pricing under the various degrees of competition and stresses demand analysis. The principles of production economics are explored. Fall term.
Prerequisites: Econ 266.

Econ 361 Managerial Economics (4-0) 4
A course designed to connect economic theory with business decision-making. The course deals with the application of economic models to business decisions, quantitative methods for decision-making, cost-benefit and cost-effectiveness analysis. Fall and winter terms.
Prerequisites: BA 253 and Econ 266S.

Econ 364W Macroeconomics Theory (4-0) 4
A course that examines the economy as a whole. Included are an analysis of national income accounting, consumption, investment, government spending, the level of employment, monetary theory, monetary and fiscal policy, and international economic policy. Winter term.
Prerequisites: Econ 266 and BA 221.

Econ 369 Public Finance (4-0) 4
An analysis of the financing of federal, state and local units of government. Emphasis given to problems of taxation, expenditures and debt management. Winter term of even-numbered years.
Prerequisites: Econ 266.

Econ 370 Topics in International Economics 1-6
An examination of selected topics in the area of international economics. Students may take this course one or more times for credit provided the subject is different on each occasion.
Prerequisites: Econ 266S or concurrent enrollment, or permission of instructor.

Econ 371 International Economics (4-0) 4
Classical, neoclassical and modern trade theory. Comparative analysis of marketing functions, institutions and structures in different national environments. Exchange rates, import/export monopolies, quotas, tariffs and other foreign fiscal policies. Winter term.
Prerequisites: Econ 266.

Econ 381 Economics of the Health Care Industry (4-0) 4
A survey of the issues in the field of health care economics. Health insurance, health care costs, and the financing and delivery of personal medical services are studied as is the role of government in the provision of health and medical care. This course is intended for students interested in issues concerning the health care industry. Prior knowledge of economics is not required. Fall term of odd-numbered years.
Prerequisites: Junior standing or consent of instructor.

Econ 382 Financial Institutions (4-0) 4
This course is the same as BA 382. See BA 382 for description. Credit cannot be awarded for both BA 382 and Econ 382.

Econ 407 Evolution of Economic Thought (4-0) 4
Traces the evolution of economic thought from the 1600s to the present. Each major school of thought, e.g., Mercantilist, Classical, Marxist, Keynesian, etc., will be analyzed to see how it met the conditions of its time, which concepts were only relevant to that period, and which have had enduring relevance. Winter term of odd-numbered years.
Prerequisites: Junior standing or consent of instructor.

Econ 410 Economics, a Radical Perspective (4-0) 4
A course that examines the process of resource allocation from the perspective that draws its analysis from Neoclassical Economic theory, Institutional Economics and Marxian Economics. Topics that are examined are power as it arises from the ownership of resources and how power is then transformed into control of institutions, class as a natural consequence of the capitalist system, sexism and racism as they arise from the existence of power and class. Also included are topics that address worker dislocation due to structural change in the economy and work issues related to the post-industrial society.
Prerequisites: Junior standing or consent of instructor.

BA 499 Independent Study 1-4
Individual research is conducted under the supervision of a faculty member. Fall and winter terms.
Prerequisites: Approval of School of Business Administration Dean.

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