Economics PROGRAM: ECONOMICS MINOR FOR NON-BUSINESS MAJORS General Requirements: • A grade of 2.0 or better in minor courses. Specific Requirements: (minimum of 20 credit hours): • Required courses (8 credit hours): Econ 202 (4), SS203 (4). • Elective courses (12 credit hours): Econ SS274 (5), 292 (1- 6), 301 (4), 302 (4), 303 (4), 309 (4), 311 (4), 320 (4), 340 (4), 430 (4), 455 (4), 480 (1-6), 492 (1-6), and 532 (4). ECONOMICS COURSES-ECON W SS101. Principles of Economics (5) Su, A, W, S Introduction to basic economic institutions and principles of economics for non-business and economics majors. Topics include scarcity, supply and demand and the exchange economy for goods and services, standards of living and income distribution, national income, aggregate demand, aggregate supply, the price level and inflation, employment, international trade, and comparative economic systems. Students wishing to fulfill the College of Business and Economics Advanced Standing requirements with Econ SSlOl or its equivalent must complete Econ 202 and either Econ 301, 302 or 303. 202. Microeconomic Analysis (4) Su, A, W, S The application of economic concepts to private sector problems. Topic coverage includes choice theory, the theory of the firm, introduction to general equilibrium analysis, and the theory of market structures. Prerequisites: Math 105 or 107. SS203. Macroeconomic Analysis (4) Su, A, W, S Introduction to principles of macroeconomics for business and economics majors. The course focuses upon the analysis of economic instability, inflation, stagflation, and fiscal and monetary policy. Topics include standards of living and income distribution, national income, aggregate demand, aggregate supply, the price level and inflation, employment, international trade. The determination of national income is stressed. Prerequisites: Math 105 and Econ 202. SS274. Economic History of the United States (5) A, W, S A critical study of the growth and development of American society and its institutions. 292. Short Courses, Workshops, Institutes, and Special Programs (1-6) Consult the quarterly class schedule for the current offering under this number. The specific title and credit authorized will appear on the student transcript. See College of Business and Economics Resgistration Restrictions before registering for courses numbered 301 and above. 301. Intermediate Theory: Macroeconomics (4) A, W, S Theory of general economic equilibrium, aggregate employment, inflation, and depression. Prerequisites: Advanced Standing; or Econ SS203 or both Econ SSlOl and Econ 202; EconQt 240 and 260. 302. Intermediate Theory: Microeconomics (4) A, W, S Consumer behavior, demand analysis, economics of the firm, and price theory. Prerequisites: Econ 202; EconQt 240 and 261. 303. Managerial Economics (4) The course utilizes microeconomic theory to analyze the managerial decisions of individual business firms. Optimization, demand, production, cost, and pricing theories are examined. Emphasis is placed upon problem solving including the use of computer software to forecast and simulate. The course is recommended for business students. Prerequisites: Econ 202; EconQt 240, 260 and 261. 309. History of Economic Thought (4) S The major concepts and contributions of the scholars of the past in economic doctrine and interpretations. Prerequisites: Econ 301, 302. 311. International Economics (4) A, W, S 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. Prerequisites: Advanced Standing; or Econ 202 and SS203. 320. Money and Banking (4) F The history of money and credit, the evolution of banking, the Federal Reserve System, and other banking problems and functions. Prerequisite: Econ SS203. 340. Labor Economics (4) A Historical development and growth of unionism and labor legislation. Analysis of wages, wage theory, collective bargaining, and labor-management relations. Prerequisite: Econ 202. 430. Free Enterprise and Public Policy (4) Causal forces in the growth of large-scale business, government laws, intervention, and regulation. Prerequisite: Econ 202. 455. Introduction to Econometrics (4) 5 Advanced regression analysis. Topics include dummy variables, residual analysis, binomial dependent variables, simultaneous equations, and forecasting techniques. Computers will be used extensively although programming skills are not necessary. Prerequisites: Econ 202, SS203; EconQt 261. 480. Independent Study (1-6) A, W, S Individual work or work in small groups, by arrangement, in special topics not included in the announced course offerings. Prerequisites: EconQt 261 and instructor approval (limited to 2 credit hours per quarter). Economics General Information 146 492. Short Courses, Workshops, Institutes, and Special Programs (1-6) Consult the quarterly class schedule for the current offering under this number. The specific title and credit authorized will appear on the student transcript. 532. Public Finance (4) This course explores the basic taxation and spending policies of the public sector. The role of the public sector, cost-benefit analysis, tax incidence, and the efficiency effects of taxation are stressed. Prerequisites: EconQt 240, 261; Econ 302. ECON/QUANTITATIVE COURSES-ECONQT The following are service courses which are designed for major and minor programs in the College of Business and Economics. 240. Quantitative Analysis for Business and Economics (4) Su, A, W, S Emphasis on applications of quantitative tools to problems in business. Topics include profit maximization, cost functions, demand analysis, and output maximization with budget constraints and resource allocation. Prerequisite: Math 107 or equivalent as determined by the Math Department. 260. Statistical Analysis I (4) Su, A, W, S Introduction to concepts and applications of statistics in business and economics. Topics include summary statistics, probability distributions of random variables, sampling, and estimation. Class will include use of computers. Prerequisite: Math 107 or equivalent as determined by the Math Department. 261. Statistical Analysis II (4) Su, A, W, S Continuation of EconQt 260. Topics include test of hypotheses, correlation, time series, and multiple regression analysis. Computers will be used extensively in regression analysis. Prerequisite: EconQt 260. CENTER FOR ECONOMIC EDUCATION The 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. PROGRAM: ECONOMICS TEACHING MINOR General Requirements: • A grade of 2.5 or better in minor courses. Specific Requirements: (minimum of 30 credit hours): • Required courses (14 credit hours): Econ SSlOl (5), 202 (4), SS274 (5). • Elective courses (10 credit hours): Courses must be approved by department chair prior to taking the courses. • Support courses required (6 credit hours): Commun HU 102 (3) or its equivalent and Educ 450 (3). ECONOMICS COURSES FOR TEACHERS The following courses are designed for teachers and teaching minors. 501. National Income Analysis (4) National income analysis and selected topics in the theory of income determination. (Designed for teachers.) 502. The Theory of the Firm (4) The pricing process under various market structures within the framework of an enterprise system of economic organization. (Designed for teachers.) 511. International Trade and Business (4) A survey of international economic relations, problems, and policies. (Designed for teachers.) 520. The U. S. Monetary System (4) A survey of the monetary and banking system of the United States. (Designed for teachers.) 535. Government and the Free Enterprise System (4) A survey course that examines the role and impact of governmental institutions and policies upon the private sector of the economy. (Designed for teachers.) 574. Economic Approach to U. S. History (4) The impact of economic factors upon the growth and development of the United States. (Designed for teachers.) Student Services Interdisc. Programs Applied Science & Technology Arts& Humanities Business & Economics Education Health Professions Science Social & Behavioral Sciences 147 Continuing Education