Courses

The Economics Department offers three curriculum options: B.A. or B.S. within the College of Arts and Sciences, and B.S.B.A. within the College of Business Administration. Students should consult an economics faculty advisor to select the appropriate program.


B.A. Program Requirements

Major Subject

ECON 2013 Macroeconomics                     3
ECON 2023 Microeconomics                      3
ECON 3023 Macroeconomic Theory            3
ECON 3033 Microeconomic Theory             3
ECON 4053 History of Economic Theory      3
MATH 1103Business   Calculus *               3
STAT 2013 Introduction to Statistics
                 or
SOC  2023 Statistics of Social Sciences     3
ENGL 3003 Writing for the Professions        3

Economics electives
At least 9 hours at the 3000-4000 level    12

TOTAL HOURS: 36

Minor Field
The minor field consists of 12 hours with at least 6 hours at 3000 or 4000 level.

B.S. Program Requirements

Major Subject
ECON 2013 Macroeconomics                              3
ECON 2023 Microeconomics                               3
ECON 3023 Macroeconomic Theory                     3
ECON 3033, Microeconomic Theory                     3
ECON 4053 History of Economic Theory               3
STAT 3813 Introduction to Statistical Methods     3

Economics electives
At least 9 hours at the 3000-4000 level             12
                                        
TOTAL HOURS:

Minor Field
The minor field consists of 12 hours with at least 6 hours at 3000 or 4000 level

*Some courses in the core and general curricula may be restricted. See the Arts and Sciences Office of Advising for a detailed description of degree requirements.


Course Descriptions

1013 (3 hours)
Economics of Social Issues

An introduction to the application of economic thinking to current social issues. This course is intended for students who have never had a course in economics.

1023 (3 hours)
Issues in Environmental Policy

A multi-disciplinary introduction to the analysis of major environmental issues. The approach draws on an array of social and natural sciences.

2013 (3 hours)
Macroeconomics

Introduction to macroeconomic theory and policy with attention to employment, inflation, the balance of payments, and economic growth. Additional topics include an introduction to the history of economic thought and issues in economic development.

2023 (3 hours)
Microeconomics

Introduction to microeconomics: the theory of market systems with attention to the theory of consumer behavior, the behavior of firms, and factor markets. Additional topics include the economics of ecology and the distribution of income.

3013 (3 hours)
Monetary Economics

Monetary systems and their operation, the role of central banks, monetary theory, and monetary policy. Prerequisite: Econ 2013.

3023 (3 hours)
Macroeconomic Theory

The determination of income, employment, and the price level in an open economy and the roles of monetary and fiscal policies. Prerequisite: Econ 2013.

3033 (3 hours)
Microeconomic Theory

Price determination, consumer behavior, theory of the firm, market structures, and resource allocation. Prerequisite: Econ 2023.

3063 (3 hours)
Labor Economics

Analytical, empirical, and policy approach to micro- and macroeconomic aspects of labor market behavior. Prerequisite: Econ 2013 or 2023.

3083 (3 hours)
International Economics

The theory of international trade and payments with attention to trade policy and the interaction of trade and development. Prerequisite: Econ 2013 or 2023.

3113 (3 hours)
Economic Development

Explores economic problems encountered by developing countries and alternative theories of development. Emphasis on industrialization, urbanization, international trade and finance, the public sector, multinational institutions, and technology. Sustainable development, environmental quality, and poverty reduction are crucial. Prerequisite: Econ 2013, 2023.

3123 (3 hours)
Environmental Economics

The historical and theoretical study of the resource base and development. Prerequisite: Econ 2013, Econ 2023.

3143 (3 hours)
Comparative Theories of Economic Growth
Explores the phenomenon of economic growth from the perspective of comparative theoretical approaches.  Classical, Neoclassical, and (Post) Keynesian models of economic growth will be introduced and developed.  Empirical efficacy of each theory will also be explored.  Concepts covered will be macroeconomic measurement and accounting; models of production, labor markets, and consumption and saving; growth-distribution schedules; functional income distribution; comparative model building of growth and technical change.  Prerequisites: Econ 2023, 2013

3153  (3 hours)
Health Economics

An application of basic economic principles to the study of the choices and actions of consumers, physicians, hospitals, insurance companies, state government and the federal government in America’s health care sector. This course also takes time to review and contrast America’s system with the universal coverage systems of other developed countries.     Prerequisites: Microeconomics 2023

3991-3 (1-3 hours)
Independent Study

For students majoring or minoring in economics. Prerequisites: Junior standing and permission of instructor.

4053 (3 hours)
History of Economic Thought

Survey and analysis of the evaluation of economic theory from the 1700s to the present. Prerequisites: Six hours of economics.

4073 (3 hours)
Applied Economic Analysis

The application of the tools of economic theory and statistical methods in estimating and forecasting such things as demand, production, environmental impact, and cost/benefit ratios. Prerequisites: Six hours of economics.

4163 (3 hours)
Policy Analysis

Provides analytic concepts and tools for understanding public policy and for analyzing specific public policies. Comprehensively treats rationales for public policy-describing limitations to effective public policy and generic policy solutions, and treating the issue of the appropriate match between policy tools and particular market failures.

4973 (3 hours)
Senior Project

The College of Arts and Sciences requires a Senior Project of all students. Economics majors will engage in directed independent research projects with selected faculty.

4991-3 (1-3 hours)
Independent Study

For students majoring or minoring in economics. Prerequisites: Senior standing and permission of instructor.

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