Economics Logistics • See College of Business and Economics Registration 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 for students majoring in the College of Business and Economics; or Econ SS203 or both Econ SSI01 and Econ 202; Quant 240 and 260 for others eligible to take upper divsion courses in the College. 302. Intermediate Theory: Microeconomics (4) A, W, S Consumer behavior, demand analysis, economics of the firm, and price theory. Prerequisites: Econ 202; Quant 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; Quant 240, 260 and 261. 309. History of Economic Thought (4) 5 The major concepts and contributions of the scholars of the past in economic doctrine and interpretations. Prerequisites: Econ 301,302. 311. International Trade (4) A, W, S Introduction to the pure theory of trade, international trade agreements and negotiations (e.g., GATT, NAFTA), and the institutions designed to enhance world wide trade. Emphasis is placed on the benefits of free trade and open market macroeconomics as well as the pros and cons of erecting barriers to trade (e.g., tariffs and quotas). Prerequisites: Econ 202, SS203. 312. International Finance and Monetary Systems (4) Applications of the principles of economics to the money and banking institutions prevalent in the international economy. Emphasis on monetary systems, foreign exchange mechanisms, and regional monetary arrangements such as the World Bank, the IMF, and unification of European currencies. Prerequisites: Econ 202, SS203. 320. Money and Banking (4) A 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. 341. Women in the World Economy (4) Application of the principles of economics to the analysis of problems and issues confronting women in the modem global economy, with special emphasis on labor markets, income differentials, and problems faced by women in developing economies. Prerequisites: Econ 202 , SS203. 364. Environmental Economics (4) Analysis of public and private approaches to resource allocation and the management of the nation's environmental resources with special emphasis on public goods, i.e., forests, wilderness areas, minerals, watercourses. Prerequisites: Econ 202, SS203. 417. Economic Development (4) 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 202, SS203. 432. Industrial Organization (4) 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. Prerequisite: Econ 302. 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; Quant 261. 456. Mathematical Economics (4) Advanced application of mathematical modelling techniques to selected economic issues. Prerequisites: Quant 240, 260, 261; Econ 301, 302. 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: Quant 261 and instructor approval (limited to 2 credit hours per quarter). 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. The Structure and Performance of U.S. Industry (4) Industrial organization, performance, and behavior in high-tech industries. Emphasis on the application of economic principles to understanding the special issues surrounding management of technology. Prerequisite: Econ 202, SS203. ECON/QUANTITATIVE COURSES-QUANT 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 with a C or higher grade or equivalent as determined by the Math Department. 260. Statistical Analysis I (4) 5a, 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 with a C or higher grade or equivalent as determined by the Math Department. 261. Statistical Analysis II (4) Su, A, W, S Continuation of Quant 260. Topics include test of hypotheses, correlation, time series, and multiple regression analysis. Computers will be used extensively in regression analysis. Prerequisite: Quant 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 SS101 (5), 202 (4), SB274 (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 HU102 (3) or its equivalent and Educ 450 (3). tt> 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.) DEPARTMENT OF LOGISTICS Location: Wattis Building, Room 216 Telephone Contact: Kimberly Webb 626-6068 Associate Professor: Bruce P. Christensen; Assistant Professors: Robert E. Bateman, Stephen H. Russell; Adjunct Professor: James M or kin. Description Logistics involves the efficient flow of materials and products into, through, and out of the firm. The logistics Science 152 153