Business and Economics Economics Composite Teaching Major in Business Education (Economics)(See Composite and Interdepartmental Programs.) Social Science Composite Teaching Major(See Composite and Interdepartmental Programs.) Program: Economics Minor for Business and Non-Business Majors I. General Requirements: A. A grade of C or better in minor courses. II. Specific Requirements: A. Minimum of 23 credit hours in Economics courses. B. Non-business majorsA baccalaureate degree candidate who is not seeking a major in the School of Business and Economics may obtain a minor in Economics by completing the following requirements: 1. Economics courses required (twelve credit hours): Economics 101 (5), 102 (3); 301 (4) and/or 302 (4). 2. Courses to elect from (eleven credit hours): Economics 250 (4), 251 (4), 274 (5), 292 (1-6), 301 (4), 302 (4), 309 (4), 311 (3), 312 (3), 320 (4), 330 (3), 340 (5), 350 (4), 351 (3), 361 (3), 364 (3), 375 (3), 386 (3), 417 (4), 419 (3), 430 (4), 432 (4)-, 455 (4), 480 (1-5), 492 (1-6). C. School of Business and Economics majorsA student majoring in the School of Business and Economics may obtain a minor by completing a minimum of 15 additional credits in Economics beyond those required in the core of the School of Business and Economics and/or in their selected major. Program: Economics Teaching Minor I. General Requirements: A. A grade of C or better in minor courses. II. Specific Requirements: A. Minimum of 24 credit hours in Economics courses. B. Economics courses required (thirteen credit hours): Economics 101 (5), 102 (3), 274 (5). C. Elect eleven credit hours of approved Economics courses. Asian Studies MinorThe Department of Economics participates in the Asian Studies Minor Program. A student who wishes to participate should indicate his desire to do so with the departmental Asian Studies representative who will help the student work out a proper combination of courses to fit his particular needs. (See Composite and Interdepartmental Programs.) Latin American Studies MinorThe Department of Economics participates in the Latin American Studies Program. A student who wishes to participate should indicate his desire to do so with the departmental Latin American Studies representative who will help the student work out a proper combination of courses to fit his particular needs. (See Composite and Interdepartmental Programs.) Emphasis in Urban and Regional PlanningThis program provides a special emphasis in Urban and Regional Planning for majors in Botany, Economics, Engineering, Geography, Geology, Microbiology, Political Science, Sociology, Zoology, and related fields. (See Composite and Interdepartmental Programs.) Center for Economic EducationThe Department has established a Center for Economic Education. Its basic function is to help educators in secondary and elementary schools improve their understanding and knowledge of economics. This will assist them in providing their students with the fundamental economic tools needed to evaluate complex national and international events that are a part of their daily existence. 102 Business and Economics Economics ECONOMICS COURSES SS101. Principles of Economics (5) Basic institutions of the economy, production of goods, standards of living, the exchange economy, introduction to macro-economics, national income, and levels of employment. A W S 102. Principles of Economics (3) Introduction to micro-economics. Value and price of goods under varied degrees of competition, and the distribution of income to wages, interest, rent, and profits. A W S 250. Quantitative Analysis and Probability (4) Statements and logic, set theory, functions, probability distributions with economic and business applications. Prerequisite: Mathematics 105 or a score of 28 or above on the mathematics placement test. A W S 251. Statistical Inference (4) Sampling estimation, hypothesis testing, and regression analysis as preparation for empirical research in business and economics. Prerequisite: Economics 250 or equivalent. A W S SS274. Economic History of the United States (5) A critical study of the growth and development of American society and its institutions. A W S 292. Short Courses, Workshops, Institutes and Special Programs (1-6) In order to provide flexibility and to meet many different needs, a number of specific offerings are possible using this catalog number. When the number is used it will be accompanied by a brief and specific descriptive title. The specific title with the credit authorized for the particular offering will appear on the student transcript. A W S Su 301. Intermediate Theory: Macro-Economics (4) Theory of general economic equilibrium, aggregate employment, inflation, depression. Prerequisites: Economics 101 and 102. A W S 302. Intermediate Theory: Micro-Economics (4) Consumer behavior, economics of the firm, and price theory. Prerequisites: Economics 101 and 102. A W S 309. History of Economic Thought (4) The major concepts and contributions of the scholars of the past in economic doctrine and interpretations. S 311. International Economics (3) Concepts designed to acquaint students with economic relationships among nations. Areas of study will include pure theory of trade, common market associations, and trade problems facing underdeveloped countries. A 312. International Monetary Systems (3) Concepts dealing with international money and monetary systems, foreign exchange, and some of the regional monetary arrangements, such as: IMF, dollar problem IBRD. W 320. Money and Banking (4) The history of money and credit, the evolution of banking, the Federal Reserve System, and other banking problems and functions. Prerequisites: Accounting 201 and Economics 101. W S 330. The Structure and Performance of U.S. Industry (3) The physical and competitive structure of U.S. industries, and its theoretical and empirical relationship to industry conduct and performance. Emphasis on oligopoly, mergers and market power. Prerequisite: Economics 102. (Offered odd-numbered years.) S SS 340. Labor Economics (5) Historical development and growth of unionism and labor legislation. Analysis of wages, wage theory, collective bargaining and labor-management relations. A 350. Applied Matrix Algebra and Linear Programming (4) Matrices, vectors, linear programming, stochastic processes, multiple regression and input-output analysis. A W S 351. Business Applications of Calculus (3) Elements of calculus as related to business and economics. Highly desirable for business and economics majors including those intending graduate study. Prerequisite: Economics 350. S 361. Urban and Regional Economic Problems (3) Theory, analysis, diagnosis, and prescriptions for curbing urban blight, poverty in both urban and rural areas, and the "metropolitan enigma." (Offered even-numbered years.) W 364. Natural Resource Economics (3) Analysis of public and private approaches to resource allocation and the management of the nations resources with special emphasis on public goods, i.e., forests, wilderness areas, minerals, watercourses. (Offered odd-numbered years.) W 375. Economic History of Europe (3) European economic history with emphasis on the emergence of capitalism and the Industrial Revolution. (Offered even-numbered years.) S SS386. Current Economic Problems (3) The application of economic principles to challenging problems, including population, natural resources, poverty, government policy. Prerequisite: Approval of instructor. (Offered odd-numbered years.) A 417. Comparative Economics Systems (4) Capitalism, Socialism, Communism. S 419. Economic Development (3) Concepts dealing with the problems of industrializing the developing nations of the world with particular emphasis on Asia and Latin America. S 430. Free Enterprise and Public Policy (4) Causal forces in the growth of large-scale business, government laws, intervention, regulation. W 432. Taxation and Public Finance (4) Principles of taxation main revenues and expenditures of federal, state, and local governments: federal fiscal and monetary policies. A 455. Introduction to Mathematical Economics and Econometrics (4) Introduction to the mathematics formulation and derivation of economic theory and empirical implementation of economic models. Prerequisites : Economics 101, 102, and 251. (Offered even-numbered years.) W 480. Independent Study (1-5) Individual work or work in small groups, by arrangement, in special topics not included in the announced course offerings. Prerequisite: Approval of instructor. (Limited to 2 credit hours per quarter.) A W S 492. Short Courses, Workshops, Institutes and Special Programs (1-6) In order to provide flexibility and to meet many different needs, a number of specific offerings are possible using this catalog number. When the number is used it will be accompanied by a brief and specific descriptive title. The specific title with the credit authorized for the particular offering will appear on the student transcript. A W S Su 103