Radford University Undergraduate Catalog, 2011-2012

This course deals with the application of statistical
methods to business and economic data.
The reading and interpretation of statistics will
be stressed in ECON 442.
ECON 442. International Trade Theory
and Policy. (3)
Three hours lecture.
Prerequisite: ECON 105, 106 and junior or
senior standing.
An examination of classical and modern theories of
international trade, and the consequences of tariffs,
quotas, customs unions and other trade policies for
the domestic and international economy.
ECON 443. International Monetary
Theory and Policy. (3)
Three hours lecture.
Prerequisite: ECON 105, 106, and junior or senior
standing.
An examination of the determinants of a nation’s
balance of payments, exchange rate determination,
implications of various exchange rate
regimes for domestic stabilization policies and
the international coordination of monetary and
stabilization policy.
ECON 455. Principles of Managerial
Economics. (3)
Three hours lecture.
Prerequisites: ECON 106; STAT 200; and junior
or senior standing.
Demonstrates the use of microeconomic theory
and quantitative methods in the formulation
of business plans and the solution of business
problems.
ECON 461. Industrial Organization. (3)
Three hours lecture.
Prerequisite: ECON 106 and junior or senior
standing.
Investigates the relationships among market structures,
market conduct and market performance.
Examines the rationale for government intervention
into or regulation of different industries.
ECON 480. Labor Economics. (3)
Three hours lecture.
Prerequisite: ECON 106 and junior or senior
standing.
Covers history of the labor movement, unionmanagement
relations, the nonunionized worker,
wage theory and unemployment in context of
the application of economic theory to problems
of labor.
ECON 482. Industrial Relations. (3)
Three hours lecture.
Prerequisite: ECON 106, 480, and junior or senior
standing.
Study of the industrial relations system as a subsystem
of the social system and its linkages with
the economic and political subsystems. Covers
the collective bargaining system, its history and
development, structural problems in industrial
relations, public policy framework for collective
bargaining, contract negotiations and administration,
arbitration and related issues.
ECON 488. Final Honors Project. (3)
Prerequisite: Completion of economics requirements,
enrollment in the Honors Academy, senior
standing, a minimum 3.5 GPA in all courses
and in economics.
To earn a bachelor’s degree with honors in economics,
a student may conduct research and write
a thesis or prepare for and take a comprehensive
examination. In order to receive honors credit, a
student must earn a grade of “A” or “B” for the
final project. Course may not be repeated.
ECON 490. Economics Internship. (1-3)
Prerequisite: Junior or senior economics major
and permission of the instructor.
A one- or two-semester program of work and
study in the student’s major area and/or career
interest. The number of hours of work, credit
hours and grade for the work performed determined
by the faculty member or members sponsoring
the student. Students may take up to a
total of six credit hours – no more than three
credit hours per internship site.
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