economic fluctuations and foster economic growth. Prerequisites: MATH QL1050 with a "C" or higher grade (or CR if taken on a CR/ NC basis), ECON SS2010. ECON 2899. Economics Foundations and Admission Assessment (0) Completion of ECON 2899 is required of all students pursuing any major, minor, emphasis or certificate awarded by the John B. Goddard School of Business & Economics. The course objectives are: 1) assessment of Business Foundation knowledge, and 2) admittance to the Goddard School. Students should register for this course concurrent with (same semester as) their last required Business Foundation course (ECON 2010, ECON 2020 and QUAN 2600) or after the required Business Foundation courses have been completed. Students must have a minimum grade of "C-" in each required Business Foundation course, and an overall GPA of 2.5 or higher for the three Foundation courses. Pre/Co-requisite: ECON 2010, ECON 2020, QUAN 2600. ECON 2920. Short Courses, Workshops, Institutes, and Special Programs (1-3) Consult the semester class schedule for the current offering under this number. The specific title and credit authorized will appear on the student transcript. See John B. Goddard School of Business & Economics Registration Restrictions before registering for courses numbered 3000 and above. ECON 3030. Managerial Economics (3) F, 5 This course uses the tools of differential calculus and regression theory to analyze the managerial decisions of individual firms. Prerequisites: MATH QL1050, QUAN SI2600, QUAN SI3610. ECON 3090. History of Economic Thought (3) 5 This course covers the major concepts and contributions of the scholars of the past in economic doctrine and interpretations. Prerequisites: ECON SS2010, SS2020. ECON 3110. International Trade (3) F, 5 An introduction to the pure theory of trade, international trade agreements and negotiations (e.g., GATT, EU and NAFTA) and the institutions designed to encourage trade. Emphasis on the benefits of free trade as well as the reasons for the existence of trade barriers such as tariffs and quotas. Special topics include trade in agricultural products and international labor migration. Prerequisites: ECON SS2010, SS2020. ECON 3120. International Finance and Monetary Systems (3) 5 Applications of the principle of economics to the international monetary system. Special emphasis on the way in which international monetary institutions can facilitate trade. Macroeconomic models of an open economy are used to examine the effect that international trade and financial ties have on the domestic economy. Special topics include institutions such as the World Bank and the IMF, along with regional monetary unification in Europe. Prerequisites: ECON SS2010, SS2020. ECON 3150. Business Studies Abroad - International Finance (3) This course studies the globalization of financial markets and the environment in which international finance takes place, e.g., the international monetary system. With this background, a global financial strategy design for corporations will be discussed. This course is taught at Fachhochschule Hof, Germany during each fall semester. Students enrolled in this course have to participate in the Study Abroad Program (Contact: Doris Geide-Stevenson, ext. 7634, dgsteven@weber. edu). 209 ECON 3200. Money and Banking (3) 5 This course presents a detailed description and economic analysis of the U.S. financial system which includes the banking industry, bond and stock markets, and the Federal Reserve system. This course serves as an extension to the material covered in an introductory macroeconomics course. The enhanced understanding of the workings of the financial system, including the determination of interest rates, will be used to trace out the channels of monetary policy as conducted by the Federal Reserve and the effect of monetary policy on financial markets, such as the stock market. Prerequisite: ECON SS2020. ECON 3400. Labor Economics (3) F The study of labor economics explores choices made by the two sides of the labor market, employers and workers and how these choices interact in determining wage and employment levels. Hence, an important part of the course consists of a detailed analysis of labor demand and supply. This analysis is followed by a discussion of why the labor market often does not clear, i.e., why we observe unemployment. The analysis focuses on special features of the labor market such as minimum wage, labor unions and efficiency wages. Other topics include the effect of education and training on earnings, the optimal incentive structure of an employment contract and determinants of income inequality. Prerequisite: ECONSS2010. ECON 3410. Women in the World Economy (3) Applications of the principles of economics to the analysis of the economic status of women in the U.S. and elsewhere. The focus is on labor markets, income differentials, the tax system and household work. Special consideration is given to women in developing economies. Prerequisite: ECON SS2010. ECON 4010. Intermediate Microeconomic Theory (3) F The application of economic concepts to individual and firm behavior, consumer behavior, demand analysis, economics of the firm, and price theory. Prerequisites: ECON SS2010, SS2020 and BSAD 2899 or ECON 2899. ECON 4020. Intermediate Macroeconomic Theory (3) 5 The building of standard models to test theories of long-run economic performance and short-term fluctuations in closed and open economies. Emphasis is placed on how fiscal and monetary policies encourage long-run growth while mitigating the negative effects of short-term fluctuations. Prerequisites: ECON SS2010, ECON SS2020, QUAN 2400 or ECON 3030, and BSAD 2899 or ECON 2899. ECON 4170. Economic Development (3) F The application of economic principles to the challenging problems of third world and developing nations including Africa, Asia, Latin America and the newly independent states of the Former Soviet Union and Eastern Europe. Prerequisites: ECON SS2010, SS2020. ECON 4320. Industrial Organization (3) The theory and performance of firms and industries in the context of substantial market power and market regulation. Emphasis on oligopoly, game theory, and theory of markets within the context of global market competition. Prerequisites: QUAN SI2400 or ECON 3030, ECON SS2010. ECON 4520. Public Finance (3) This course covers the aspects of economic policy that arise in the operations of a public budget. Topics addressed include economic theories of bureaucracy, public expenditures, and taxation. Prerequisites: ECON SS2010, SS2020. General PROFILE ENROLLMENT STUDENT AFFAIRS ACADEMIC INFO DEGREE REQ GENED Engaged Learning 8 Interdisciplinary OUR/CBL HNRS BIS LIBS INTRD MINORS Applied Science 8 Technology AUSV/ATTC CEET CS MFET/ETM MET CMT DGET ENGR IDT SST TBE Arts 8 Humanities MENG COMM ENGL FL DANC MUSC THEA ART/ARTH Business & Econ MBA MACC/ACTG BSAD FIN MGMT MKTG SCM ECON/QUAN 1ST Education MSAT/MED CHF AT/HLTH NUTR/PEP/REC HPHP COURSES ATHL/PE EDUC Heaifh Professions MHA/MSN MSRS CLS DENT PAR HTHS HAS/HIM NRSG RADT DMS/NUCM RATH REST Science BTNY CHEM GEO MATH/MTHE MICR PHYS/ASTR ZOOL Social 8 Behavioral Sciences MCJ/CJ ECON GEOG HIST POLS/PHIL PSY SW/GERT SOC/ANTH MILS NAVS Continuing Ed Davis Campus Weber State University 2010-2011 Catalog