368 John B. Goddard School of Business & Economics ECON 3030 - Managerial Economics Credits: (3) This course uses the tools of differential calculus and regression theory to analyze the managerial decisions of individual firms. Prerequisite: MATH 1050 , QUAN 2600 , QUAN 3610. ECON 3090 - History of Economic Thought Credits: (3) This course covers the major concepts and contributions of the scholars of the past in economic doctrine and interpretations. Prerequisite: ECON 2010 , ECON 2020 . ECON 3110 - International Trade Credits: (3) Typically taught: Spring [Full Sem] 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. Prerequisite: ECON 2010 , ECON 2020 . ECON 3120 - International Finance and Monetary Systems Credits: (3) Typically taught: Fall [Full Sem] 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. Prerequisite: ECON 2010 , ECON 2020 . ECON 3150 - Business Studies Abroad-International Finance Credits: (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). ECON 3200 - Money and Banking Credits: (3) Typically taught: Spring [Full Sem] 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 2020 . ECON 3400 - Labor Economics Credits: (3) 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: ECON 2010 . ECON 3410 - Women in the World Economy Credits: (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 2010 . ECON 4010 - Intermediate Microeconomic Theory Credits: (3) Typically taught: Fall [Full Sem] Spring [Full Sem] The application of economic concepts to individual and firm behavior, consumer behavior, demand analysis, economics of the firm, and price theory. Prerequisite: ECON 2010 , ECON 2020 and BSAD 2899 or ECON 2899 . ECON 4020 - Intermediate Macroeconomic Theory Credits: (3) Typically taught: Fall [Full Sem] Spring [Full Sem] 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. Prerequisite: ECON 2010 , ECON 2020 , QUAN 2400 or ECON 3030 , and BSAD 2899 or ECON 2899 . ECON 4170 - Economic Development Credits: (3) Typically taught: Fall [Full Sem] The application of economic principles to the challenging problems of third world and developing nations including Weber State University 2014-2015 Catalog