Undergraduate Bulletin - Loyola Marymount University

ECON 371
Economic Development of Minority Communities
3 Semester Hours
Historical study of minority groups in the American
economy. Emphasis upon institutions, ideas, and
individuals.
Prerequisite: ECON 110.
ECON 410
Intermediate Microeconomics II
3 Semester Hours
Microeconomic theory applied to the public sector.
General equilibrium theory for exchange and production
economies, First Theorem of Welfare Economics, public
goods, Samuelson condition, externalities and policy
remedies, information theory and social insurance,
intertemporal choice, uncertainty, cost-benefit analysis,
welfare economics and income redistribution.
Prerequisite: ECON 310.
ECON 450
Industrial Organization
3 Semester Hours
Analysis of firm behavior. Classical models of perfect
competition, monopoly and oligopoly. Game theory
including dominant strategy, Nash and subgame perfect
equilibrium. Price discrimination, antitrust policy and
regulation.
Prerequisite: ECON 310.
ECON 454
Public Choice
3 Semester Hours
The study of political decision making using economic
theories and methods. Theory of voting rules, the theory
of regulation, taxation, interest groups, the growth of
government, and the design of constitutions.
Prerequisite: ECON 310.
ECON 470
International Trade
3 Semester Hours
Analysis of classical and modern theories of international
trade and their relation to internal and external equilibria.
Income and monetary factors, commercial policies
affecting international trade. Resource movements,
regional economic integration.
Prerequisite: ECON 110.
ECON 471
International Finance Theory
3 Semester Hours
ECONOMICS
/ 125
Introduction to foreign exchange markets and the
determination of exchange rates. Understanding balance
of payments accounts, enacting policies to affect the
current account, and examining balance of payments
crises. Overview of international policy coordination and
the international monetary system. Application of theory
to current international issues.
Prerequisite: ECON 120.
ECON 474
Economic Development
3 Semester Hours
Study of the nature and characteristics of developing
countries. Economic development theories applied to
selected nations. Analysis of special problems of different
parts of the world and obstacles to development.
Prerequisites: ECON 310 and 320, or ECON 110 and
120 with consent of instructor.
ECON 530
Mathematical Economics
3 Semester Hours
Absolutely necessary for those continuing to graduate
school and required for those pursuing the B.S. degree in
economics. Review of fundamental mathematical
concepts and logic. Treatment of linear algebra, univariate
and multivariate calculus, real analysis, and
unconstrained and constrained optimization. Applications
of mathematical techniques to typical problems in
microeconomics and macroeconomics.
Prerequisites: ECON 310 and MATH 131 (or 112), or
ECON 110 with consent of instructor. Recommended:
ECON 320.
ECON 532
Econometrics
3 Semester Hours
This branch of economics uses mathematical and
statistical tools to analyze economic phenomena.
Mathematical formulation, establishment of hypotheses,
model construction, data collection, and statistical
estimation and inference. Required for the B.S. degree in
Economics.
Prerequisite: ECON 230.