Economics Courses:

ECON 101 Introduction to Economics (3)
This course covers the history of the development of present- day economic society, as well as consider issues and problems facing the economy, including policies directed at affecting inflation, unemployment and recession, and international trade. Students who have completed ECON 201 or ECON 202 may not subsequently receive credit for ECON 101. However, students may receive credit for ECON 101 before taking ECON 201 and ECON 202. This course satisfies three hours of the social science requirement. F

ECON 201 Principles of Macroeconomics (3)
The foundation of aggregate economic analysis is presented, including identification of basic social goals, money and credit systems, and theories of national income, employment and economic growth, and international interdependence. F, S, Su.

ECON 202 Principles of Microeconomics (3)
The structure of the market is presented, including product and factor pricing, allocation of resources and distribution of income, market equilibrium analysis, and analysis of domestic and international problems and policies. A prerequisite for courses at the 300 level and higher. F, S, Su. Prerequisite: ECON 201.
HONS 211 Honors Macroeconomics (3) HONS 212 Honors Microeconomics (3) Macroeconomics and microeconomic courses introduce the principles of economics and the history of the development of that theory. Calculus is a prerequisite for both courses and HONS 211 or its equivalent is a prerequisite for HONS 212. (Satisfies the general education requirement in the social sciences and the principles of economics requirement for students majoring in economics or business.)

ECON 260 Special Topics in Economics (3)
This course is intended for those students who are not business, international business, accounting, or economics majors and who have minimal training in economics. The course is designed for second-semester freshmen and sophomores and will focus on various areas in economics and political economy. This course will not count towards fulfilling the requirements for a business, international business, accounting, or economics degree. In the School of Business and Economics, it will count as a general education elective.

NOTES: ECON 201 and 202 and junior standing are prerequisites for all 300- and 400- level economics courses. All 300- and 400- level economics courses assume the student is computer literate.

ECON 303 Economics of Transportation and Geography (3)
This is a combination of two traditional course offerings intended to provide the economic theory, conceptual foundations and practical understanding of economics as applied to both transportation and geography. S. Prerequisites: Junior standing; ECON 201 and 202.

ECON 304 Labor Economics (3)
This course examines the workings and outcomes of the market for labor. It is primarily concerned with the behavior of employers and employees in response to the general incentives of wages, prices, profits, and non-pecuniary aspects of the employment relationship. Topics include the supply and demand for labor, investments in human capital, unions, and collective bargaining, and governmental policies affecting labor.
Prerequisites: Junior standing; ECON 201, 202; and MATH 105 or 120; or permission of instructor. DSCI 232 recommended.

ECON 305 Money and Financial Institutions (3)
An introduction to the operations, mechanics, and structure of the U.S. financial system, with emphasis on its institutions, markets, and instruments, as well as the Federal Reserve System and monetary policy and the effects of policy on the economy and on financial institutions. F. Prerequisites: Junior standing; ECON 201, 202; and MATH 105 or 120; or permission of instructor.

ECON 306 Monetary Policy and Theory (3)
A detailed discussion of Federal Reserve policy tools, controversies in monetary policy, proposed reforms, and a comprehensive overview of monetary theory. Prerequisites: Junior standing; ECON 201, 202; MATH 105 or 120 or permission of instructor.

ECON 307 Urban Economics (3)
An examination of the economics of spatial organization focusing on the location of economic activity and the growth of cities and regions. This course will provide a theoretical and empirical basis for analyzing contemporary urban issues. S. Prerequisites: Junior standing; ECON 201, 202; MATH 105 or 120 or permission of instructor.

ECON 308 Evolution of Economic Doctrines (3)
A study of the principle contributions to economic theory and method and the relationship of these contributions to their time and to each other. S. Prerequisites: Junior standing; ECON 201, 202; MATH 105 or 120 or permission of instructor.

ECON 310 International Economics (3)
An approach to the problems of international economic interdependence with special attention given to trade, protectionism, trade policy for developing countries, international investment, the balance of payments, foreign exchange, exchange rate systems, and international economic policy. S. Prerequisites: Junior standing; ECON 201, 202; MATH 105 or 120 or permission of the instructor.

ECON 311 Environmental Economics (3)
This course deals with the institution of property rights and how the absence of property rights may hinder the proper allocation of society's scarce resources and thereby affect economic efficiency. The course also examines how resources held in the public domain are allocated and ways how this allocation might be made more efficient. S. Prerequisite: Junior standing; ECON 201, 202; MATH 105 or 120; or permission of instructor.

ECON 316 Evolution of the United States Economy
The growth and development of the U.S. economy from the Colonial period to the present is analyzed, with emphasis on the reliance of the changing cultural context to the process of economic development and with emphasis on the institutional framework of economic development. Prerequisites: Junior standing; ECON 201, 202 or permission of instructor.

ECON 317 Microeconomic Analysis (3)
A study of the analytical techniques used in investigating the determination of product and factor prices under different market structures to include analysis consumer behavior, production theory, and market structures and factor pricing. F. Prerequisites: Junior standing; ECON 201, 202; MATH 105 or 120.

ECON 318 Macroeconomic Analysis (3)
A study of classical, Keynesian, and post-Keynesian economics involving the issues of consumption, monetary and fiscal policy, growth, interest, and liquidity. S. Prerequisites: Junior standing; ECON 201, 202; MATH 105 or 120.

ECON 320 Managerial Economics (3)
The application of economic principles relating to cost, revenue, profit, and competition that aid business decision making and policy formulation. Prerequisites: Junior standing; ECON 201, 202, 317; DSCI 232; MATH 104 or 250; MATH 105 or 120 or permission of the instructor.

ECON 325 Economics for Development (3)
An analysis of international poverty and inequality, dualistic development, the employment problem, mobilization of domestic resources, mobilization of foreign resources, human-resource development, agricultural strategy, industrialization strategy, trade strategy, development planning, and policy making. Prerequisites: Junior standing; Econ 201, 202; Math 105 or 120 or permission of instructor.

ECON 330 Comparative Economic Systems (3)
An analysis and appraisal of the theories and practices underlying economic systems. Consideration given to capitalist, socialist, and communist models and economies.
Prerequisites: Junior standing; ECON 201, 202; MATH 105 or 120 or permission of instructor.

ECON 350 Financial Markets in the U.S. Economy (3)
An introduction to the operation of financial markets in the U.S. economy, emphasizing market instruments and the use of these instruments by various financial institutions and market participants. The final week of the course is spent attending seminars at various money-center financial institutions and markets. Prerequisites: ECON 201, 202; ECON 305 is recommended. Permission of instructor is required.

ECON 360 Special Topics in Economics (3)
An in-depth treatment of a current area of special concern within the field of economics.
Prerequisites: Junior standing; ECON 201, 202; MATH 105 or 120 or permission of instructor.

ECON 399 Tutorial (3, repeatable up to 12)
Individual instruction given by a tutor in regularly scheduled meetings (usually once a week). Prerequisites: Junior standing, plus permission of the tutor and the chair.

ECON 400 Senior Seminar in Economics (3)
A seminar on particular problems or questions in economic policy. Topics will vary. S.
Prerequisites: Senior standing and the successful completion of an entrance examination administered by the economics faculty; ECON 201, 202, 305, 317, 318; DSCI 232; MATH 104 or 250; MATH 105 or 120; or permission of instructor. Designed to be a capstone course, this seminar is required of all economics majors. The tools of economic analysis developed in the prerequisite courses will be used to analyze particular economic problems.

ECON 419 Introduction to Econometrics and Forecasting (3)
An introductory survey of the use of statistical and mathematical methods in economic analysis.
Prerequisites: Junior standing; BADM 232; ECON 201, 202, 317; MATH 231, and 105 or 120; or permission of instructor.

ECON 420 Independent Study (1-3)
The student will select a reading or research project in consultation with a faculty member, who will guide the work and determine the hours of credit to be allowed.
Prerequisite: Junior standing; written agreement of the instructor and permission of the chair.

ECON 460 Special Topics in Economics (3)
An indepth study of selected current issues, policies, and events within the area of economics. This course is intended for second semester juniors and seniors. The degree of analysis and level of rigor will be greater than that for ECON 360 (Special Topics).

ECON 499 Bachelor's Essay (6)
A year-long research and writing project completed during the senior year under the close supervision of a tutor from the school. The student must take the initiative in seeking a tutor to help in both the design and the supervision of the project. A project proposal must be submitted in writing and approved by the department prior to registration for the course.
Prerequisites: Senior standing.

Finance Courses

FINC 120 Personal Finance (3)
An introductory course analyzing the characteristics and relative importance of common and preferred stocks, mutual funds, municipal and corporate bonds. Treasury obligations, U.S. Government agency issues, and real estate. Special topics including portfolio management, insurance, and interest rates will also be covered. This course will not be applied toward the GPA in business, international business, economics, or accounting. F,S,Su.

FINC 260 Special Topics in Finance (3)
This course is intended for those students who are not business, international business, accounting, or economics majors and who have minimal training in finance. This course is designed for the second-year student and will focus on various areas of personal and corporate finance. This course will not count toward fulfilling the requirements for a business, international business, accounting or economics degree. In the School of Business and Economics, it will count as a general elective.

FINC 303 Business Finance (3)
This course presents the fundamental concepts of corporate finance. Special attention will be given to the financial administrator's role in the area of working capital, capital budgeting, and financing decisions, including international investment and financial considerations. F, S, Su. Prerequisites: Junior standing; ACCT 203 and 204; ECON 201 and 202; MATH 104 or 250; DSCI 232 suggested.

FINC 313 Management of Financial Institutions (3)
The theory and practice of bank management is developed. The fundamental principles underlying the management of bank assets are emphasized. Attention is devoted to the allocation of funds among various classes of investments and banking operating costs and to changing bank practices. S. Prerequisites: Junior standing; ACCT 203, 204; FINC 303; ECON 201, 202; and MATH l04 or 250.

FINC 315 Intermediate Business Finance (3)
This course provides students interested in the study of financial management the opportunity to apply the concepts of financial management to business problems. Personal computers are used as a tool in solving problems in areas such as financial analysis, cash management, financial forecasting and planning, cash budgeting, and capital structure decisions. Software utilized will include standard spreadsheet and financial decision-making packages. F, S. Prerequisites: Junior standing; ACCT 203, 204; FINC 303; ECON 201, 202; and MATH 104 or 250.

FINC 360 Special Topics in Finance (3)
An in-depth treatment of a current area of special concern or interest within the field of finance. Prerequisites: Junior standing, FINC 303, or permission of instructor.

FINC 375 Principles of Real Estate (3)
A basic course designed to cover the legal, financial, economic, and marketing concepts related to real estate. Topics include property rights (contracts, deeds, mortgages, leases, liens); property ownership (titles, closing of settlement, insurance, taxes); financing (interest rates and mortgage types); brokerage; and property evaluation. F. Prerequisite: Junior standing.

FINC 380 Real Estate Financing and Investing (3)
Theoretic and pragmatic methods of analyzing real estate investments are considered. Real estate investment opportunities are evaluated in the context of personal and business investment objectives. Topics include closing statements, appraisal techniques, tax implications, mortgage options, and the calculation of investment yield, APR, and the effective rate of interest charged. S. Prerequisites: Junior standing; ACCT 203, 204; FINC 303; ECON 201, 202: MATH 104 or 250.

FINC 382 International Financial Markets (3)
An introduction to the operation of international financial markets emphasizing the determination of exchange rates, foreign exchange markets and instruments. F. Prerequisites: Junior standing; ECON 201, 202.

FINC 385 Principles of Risk Management and Insurance (3)
This course is designed to generate an awareness of risk, its effects on individual and business decisions, and the importance of insurance as a risk financing technique. The relationship between risk management and the functional areas of business is examined. Course content includes property and liability insurance, life and health insurance, workers' compensation and employee benefits. F. Prerequisite: Junior standing.

FINC 386 Risk Management (3)
A study of the risk management process, the steps it involves, and the administrative aspects undertaking the risk management process. Focus is on the exposures to accidental losses facing organizations and the relationship between risk management and the functional areas of business. S. Prerequisites: Junior Standing; ACCT 203, 204; FINC 303; ECON 201, 202; MATH 104 or 250.

FINC 399 Tutorial (3, repeatable up to six hours)
Individual instruction given by a tutor in regularly scheduled meetings (usually once a week). Prerequisites: Junior Standing; FINC 303, plus permission of the instructor and the chair of the department.

FINC 400 Investment Analysis (3)
Basic investment theory with emphasis given to the analysis of securities, portfolio management, and the operation of the securities market. F. Prerequisites: Junior standing; ACCT 203, 204; DSCI 232; FINC 303; ECON 201, 202; and MATH 104 or 250.

FINC 410 Seminar in Finance (3)
Case analysis in financial problems of the firm emphasizing: analysis of the demand for funds, external and internal sources of funds and their cost to the firm, problems of the multinational firm, and other techniques of financial management such as capital budgeting, cash budgeting, and optimal capital structure. S. Prerequisites: Junior standing; ACCT 203, 204; FINC 303; Economics 201, 202; and MATH 104 or 250.

FINC 420 Independent Studies (1-3)
The student will select a reading or research project in consultation with a faculty member, who will guide the work and determine the hours of credit to be allowed. Prerequisites: Junior standing; written agreement of the instructor and permission of the department chair.

FINC 499 Bachelor's Essay (6)
A year-long research and writing project completed during the senior year under the close supervision of a tutor from the finance faculty. The student must take the initiative in seeking a tutor to help in both the design and the supervision of the project. A project proposal must be submitted in writing and approved by the Department of Economics and Finance prior to registration for the course. Prerequisites: Senior standing and department approval.

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updated 3-12-2002