Business and Economics Department of Economics Dr. David B. Timmins, Chairman Associate Professors, 0. Morrell Clark, Kiyotoshi Iwamoto, Elden E. Liechty, David B. Timmins; Assistant Professors, Franklin A. Badger, Dix W. Cloward. Economics Major—In addition to the core requirements for all students in the School of Business and Economics, requirements for a major in Economics include Economics 10, 110, 112, 170, 171 and 199; plus at least 3 additional approved courses in Economics; plus at least 4 additional approved quarter hours in other upper division business courses. (At least a "C" average is required.) Economics Minor—A baccalaureate degree candidate may obtain a minor in Economics by completing Economics 5, 6 170 and/or 171, plus additional approved courses in Economics to total 23 quarter hours, excluding statistics. (At least a "C" average is required.) Teaching Minor in Economics—A baccalaureate degree candidate may obtain a teaching minor in Economics by completing Economics 5, 6 and 10 plus additional approved electives in Economics to total 24 hours. Suggested electives might include Economics 110, 124, 140 and 186, and Banking & Finance 1. Composite Teaching Major in Business Education. (Economics)—See Business Education Composite Teaching Major, School of Education, page 232. Social Science Composite Teaching Major—Economics 5, 6, 10 and/or 124 plus additional economics courses to total 20 quarter hours may be used as part of a Social Science Composite Teaching Major. Courses of Instruction 2. Principles of Economics—Continuation of Economics 1. The exchange economy; introduction to macro-economics; national income, and levels of employment. Prerequisite: Economics LAW (3) (Discontinued after winter quarter.) Staff 5. Principles of Economics (formerly Economics 1 and 2) —Basic institutions of our economy, production of goods, standards of living, the exchange economy, introduction to macro-economics, national income and levels of employment. A W S (5)" Staff -This course partially fulfills the social-science group requirements. 210 Business and Economics 6. Principles of Economics (formerly Economics 3)—Continuation of Economics 5. An 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. Prerequisite: Economics 5. A W S (3) Staff 10. Economic History of the United States—Development of resources, commerce, agriculture, manufacturing, labor organizations, finance. A W S (5)** Clark 49. Elementary Statistics—Mathematical concepts of logarithms, decimals, and algebra as applied to business problems. Prerequisite: Mathematics 14 or satisfactory performance on the mathematics placement test. A W (3) Staff 50. Elementary Statistics—Continuation of Economics 49. The concepts of probability applied to the collection and interpretation of data used in business decisions. Prerequisite: Economics 49. A W S (3) Staff 51. Elementary Statistics—Continuation of Economics 50. The concepts of hypothesis testing, regression analysis, index numbers, and time series oriented toward decision making in the business world. Prerequisite: Economics 50. A W S (3) Badger, Liechty 110. Money and Banking—The history of money and credit, the evolution of banking, the Federal Reserve System, and other banking problems and functions. Prerequisites: Accounting 3 and Economics 5 (Same as Banking and Finance 110.) A W S (4) Hawkins, Liechty 112. History of Economic Thought—The major concepts and contributions of the scholars of the past in economic doctrine and interpretations. Prerequisite: Economics 6. S (4) Iwamoto, Liechty 120. Comparative Economic Systems—Capitalism, Socialism, Communism. Prerequisite: Economics 6 W (4) Clark 124. Economic Geography—Resources, production, commerce, economic problems of major areas of the earth. S (5) (See Geography 124.) Staff 130. Business and Government—Causal forces in the growth of large-scale business, government laws, intervention, regulation. A S (5)** Clark **This course fills the Senate Bill Requirement. x'"This course fills the Senate Bill Requirement. 211