Courses—A through G and course numbers and symbols key

Econ 3101. Intermediate Microeconomics. (4 cr.§3105, §3111. Prereq–1101, 1102 or equiv, Math 1271or equiv)Behavior of households, firms, and industries undercompetitive and monopolistic conditions; factorsinfluencing production, price, and other decisions ofthe firm; applications of the theory. Economicefficiency and distribution of well-being.Econ 3101H. Honors Course: IntermediateMicroeconomics. (4 cr. §3101, §3105. Prereq–1101,1102 or equiv, Math 1271 or equiv)Behavior of households, firms, and industries undercompetitive and monopolistic conditions; factorsinfluencing production, price, and other decisions ofthe firm; applications of the theory. Economicefficiency and distribution of well-being.Econ 3102. Intermediate Macroeconomics. (4 cr.§3112. Prereq–3101 or equiv)Determinants of national income, employment, andprice level; effects of monetary and fiscal policies;emphasis on a general equilibrium approach.Applications of the theory, especially to currentmacroeconomic policy issues.Econ 3102H. Honors Course: IntermediateMacroeconomics. (4 cr. §3102. Prereq–3101 or equiv)Determinants of national income, employment, andprice level; effects of monetary and fiscal policies;emphasis on a general equilibrium approach.Applications of economic efficiency and distributionof well-being.Econ 3105. Managerial Economics. (4 cr. §3101,§3111. Prereq–1101, [1102 or equiv], [Math 1271 orequiv]; not open to Econ majors)Theory of the firm. Managerial decision problems.Demand theory. Production technology and costconcepts. Pricing/output decisions under differentmarket structures. Investment behavior. Governmentregulation.Econ 3501. Labor Economics. (3 cr. §4531.Prereq–1101, 1102 or equiv; not open to Econ majors)Role of labor in economy; labor as factor ofproduction, population, and labor force; economicsof labor markets; labor market institutions; theoriesof wages and employment; unions and collectivebargaining; public policy.Econ 3601. Industrial Organization and AntitrustPolicy. (3 cr. §4631, §4639. Prereq–1101, 1102 or equiv;not open to econ majors)Industrial organization and market structures.Relations between market structure, economicefficiency, and welfare. Purposes and effects ofantitrust and related legislation. Industrial policy.Econ 3611. Environmental Economics. (3 cr.Prereq–1101, 1102, or equiv; not open to Econ majors)Dependence of the economy on the environment;alternative visions of the future and issues on whichactual outcome will depend, particular attention toglobal warming; future generations andsustainability; economic incentives for environmentalprotection and degradation; economic aspects ofenvironmental policies.Econ 3701. Money and Banking. (3 cr. §4721, §4729.Prereq–1101, 1102 or equiv; not open to Econ majors)Historical development, present characteristics, andeconomic role of financial institutions. Commercialbanking, the Federal Reserve System, and monetarypolicy.Econ 3801. Elements of Public Economics. (3 cr.§4821, §5821. Prereq–1101, [1102 or equiv]; not opento Econ majors)Competing views on proper role of government ineconomy. Effects of tax/spending policies. Privateagents’ response to government actions. Optimalpolicies. Applications primarily to U.S. federalgovernment.Econ 3951. Major Project Seminar. (2 cr. Prereq–3101,3102 or equiv, EngC 3027)Students produce a significant piece of written workin economics. Project should demonstrate criticalthinking, collection and analysis of data, problemsolving, effective interpretation of findings. Studentsshould attain understanding and proficiency in modesof inquiry in economics.Econ 3960. Topics in Economics. (3 cr [max 6 cr].Prereq–1101, 1102 or equiv [others may be stated inClass Schedule])Topics specified in Class Schedule.Econ 3991. Independent Study. (1-3 cr; A-F only.Prereq–[1101, 1102] or #)Students confirm topic of study with facultysupervisor or with director of undergraduate studiesbefore beginning (otherwise no credit).Econ 3993. Directed Studies. (1-3 cr; A-F only.Prereq–1101, 1102 or equiv, #)Guided individual reading or study in areas notavailable in regular course offerings.Econ 4021. Economics, Ethics, and EconomicPhilosophy. (3-4 cr [max 8 cr]. Prereq–1101, 1102 orequiv)Types of economics, ethics and its economicapplications, and bases of different economicphilosophies. Topics vary by semester. Examplesinclude relationships between freedoms andresponsibilities; economics and ethics of thestakeholder concept; different concepts of propertyrights or justice.Econ 4022. Survey of Economic Ideas. (3 cr. §3021.Prereq–3101, 3102 or equiv)Historical and analytical view of how importanteconomic ideas developed and their relationship toprevailing economic conditions and politics.Economic ideas from Adam Smith to the present.Econ 4031. American Economic Problems. (3 cr.§3031. Prereq–3101, 3102 or equiv)Discussion of American economic problems andrelationships. Relevance of simple economicprinciples to economic problems in the UnitedStates.Econ 4033. Current Economic Issues. (3 cr [max 6 cr].§3033. Prereq–3101, 3102 or equiv)Current controversies over economic policies useddeal with some economic problems. Students focusin part on a specific issue. Different economic issuesare discussed every time the course is offered (everythree years).Econ 4041. The Prospective World Economy. (3 cr.§3041. Prereq–3102 or equiv)Considers what the economic future holds, what canbe done now to deal with global issues, and how toimprove economic prospects of countries.Econ 4100W. Undergraduate Writing in Economics.(1-2 cr [max 2 cr]; A-F only. Prereq–3101, [4831 or4xxx], #)Research essay.Econ 4109H. Honors Course: Game Theory andApplications. (4 cr. Prereq–3101, 3102 or equiv, Math1271-1272 or equiv)Games; normal form and extensive form; wars ofattrition; games of timing; bargaining applications inindustrial organization, macroeconomics, andinternational economics.Econ 4113. Introduction to MathematicalEconomics. (4 cr. Prereq–3101, 3102 or equiv, Math1271-1272-2243 or equiv)Development of selected models of economicbehavior in mathematical terms. Topics selected toillustrate the advantages of a mathematicalformulation.Econ 4161. Microeconomic Analysis. (2 cr.Prereq–3101 or 5151 or equiv, Math 2243, Math 2263)Theories of consumer demand, producer supply, andmarket equilibrium; general equilibrium and welfare.May include topics such as externalities, economicsof information and uncertainty. This 7-week coursemeets with 8001.Econ 4162. Microeconomic Analysis. (2 cr.Prereq–4161)Theories of consumer demand, producer supply, andmarket equilibrium; general equilibrium and welfare.May include topics such as externalities, economicsof information and uncertainty, and game theory.This 7-week course meets with 8002.For definitions of course numbers, symbols, and abbreviations, see page 296.Course DescriptionsEcon 4163. Microeconomic Analysis. (2 cr.Prereq–4162)Theories of consumer demand, producer supply, andmarket equilibrium; general equilibrium and welfare.May include topics such as externalities, economicsof information and uncertainty, and game theory.This seven-week course meets with 8003.Econ 4164. Microeconomic Analysis. (2 cr.Prereq–4163)Theories of consumer demand, producer supply, andmarket equilibrium; general equilibrium and welfare.May include topics such as externalities, economicsof information and uncertainty, and game theory.This seven-week course meets with 8004.Econ 4165. Macroeconomic Theory. (2 cr.Prereq–3102, Math 2243, Math 2263 or equiv or #)Dynamic general equilibrium models: solving forpaths of interest rates, consumption, investment, andprices. This seven-week course meets with 8105.Econ 4166. Macroeconomic Theory. (2 cr.Prereq–4165)Dynamic general equilibrium models: solving forpaths of interest rates, consumption, investment, andprices. This seven-week course meets with 8106.Econ 4167. Macroeconomic Theory. (2 cr.Prereq–4166)General equilibrium models with uncertainty, search,matching, indivisibilities, private information, etc.Implications of theory for measurement and datareporting. Overlapping generations and dynastymodels with money and government. Variational andrecursive methods. This seven-week course meetswith 8107.Econ 4168. Macroeconomic Theory. (2 cr.Prereq–4167)General equilibrium models with uncertainty, search,matching, indivisibilities, private information, etc.Implications of theory for measurement and datareporting. Overlapping generations and dynastymodels with money and government. Variational andrecursive methods. This seven-week course meetswith 8108.Econ 4171. History of Economic Thought. (3 cr.Prereq–3101, 3102 or equiv)Primarily a critical reading course. Topics includeSmith, Ricardo, Malthus, and Marx; neoclassicists,Keynes, the mercantilist and physiocratic doctrines;and modern theory.Econ 4211. Principles of Econometrics. (4 cr. Prereq–[[1101, 1102] or equiv], Math 2243 [or equiv], [[Stat3021, Stat 3022] or equiv], familiarity with computers)Data analysis/quantitative methods in economics.Violation of classical regression model assumptions,modified estimation procedures that retain desirableproperties. Multi-equation models. Computerapplications/interpretation of empirical results.Econ 4261. Introduction to Econometrics. (4 cr; A-Fonly. Prereq–[3101 or equiv], [[Math 1271, Math 1272]or equiv], Math 2243, Math 2263, [[Stat 4101, Stat 4102]or [Stat 5101, Stat 5102]]; Math 4242 stronglyrecommended)Review of basic linear regression model, its variants.Time series/simultaneous equation models. Materialmay include panel data, censored/truncatedregressions, discrete choice models.Econ 4262. Introduction to Econometrics. (4 cr;A-F only. Prereq–4261)Review of basic linear regression model, its variants.Time series/simultaneous equation models. Materialmay include panel data, censored/truncatedregressions, discrete choice models.Econ 4301. Economic Development. (3 cr. §4301W,§4331, §4331W. Prereq–[[1101, 1102] or equiv], noneconmajor)Economic growth in low income countries. Theoryof aggregate and per capita income growth.Population growth, productivity increases, capitalformation. Allocation of resources betweenconsumption and investment and among sectors.International assistance and trade.Course Descriptions349