220 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) Sp 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 2400 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. ECON 4550. Introduction to Econometrics (3) F Advanced Regression Analysis. Topics include ordinary least squares, generalized least squares, nonlinear regression, dummy variables, autocorrelation, heteroskedasticity, and serial correlation. Computers used extensively. Prerequisites: ECON SS2010, ECON SS2020, QUAN 2400 or ECON 3030, QUAN 3610. ECON 4560. Mathematical Economics (3) Sp Advanced application of mathematical modeling techniques to selected economic issues. Prerequisites: ECON 4010, ECON 4020, QUAN 3610, QUAN 2400 or ECON 3030. ECON 4800. Independent Research (1-3) F, Sp Individual work or work in small groups, by arrangement, in special topics not included in the announced course offerings. Prerequisites: QUAN 3610 and approval of instructor. ECON 4810. Experimental Courses (1-3) Experimental or one-time courses designed to fill a need in the community or investigate interesting and unusual topics. Prerequisites: ECON SS2010, ECON SS2020. ECON 4920. 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. ECON 4980. Research Methods (3) A course designed for senior economics majors which requires the completion of an extensive thesis project. This course will focus on the formulation of hypotheses, review of relevant literature, and either theoretical or empirical analysis. Prerequisites: Senior standing and department approval. ECON/QUANTITATIVE COURSES - QUAN The following are service courses which are designed for major and minor programs in the John B. Goddard School of Business & Economics. Note: MATH QL1050 is a prerequisite for all of these courses. QUAN 2400. Business Calculus (3) F, Sp 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 QL1050 with a "C" or higher grade (or CR if taken on a CR/NC basis) or equivalent as determined by the Math Department. QUAN 2600. Business Statistics I (3) F, Sp 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 QL1050 with a "C" or higher grade (or CR if taken on a CR/NC basis) or equivalent as determined by the Math Department. QUAN 3610. Business Statistics II (3) F, Sp Continuation of QUAN 2600. Topics include test of hypotheses, correlation, time series, and multiple regression analysis with specific application to problems in business and economics. Computers will be used extensively in regression analysis. Prerequisite: QUAN 2600. Weber State University 2011 - 2012 Catalog