ECONOMICS COURSES ECON Econ SS1010. Economics as a Social Science (3) F, S An introduction to basic economic institutions and principles of economics for non-business and non-economics majors. The primary objective of the course is to provide a framework of economic approaches useful in the analysis of social problems. Topics include poverty, economic systems, crime, pollution, health, discrimination, unemployment, inflation, and the role of government in the economy. Econ SSI 100. Environmental Issues and Economic Policy (3) F, S An analysis of policies which affect environmental resources. Emphasis on economic analysis of renewable and nonrenewable resources and public policy. Applications include land use, such as forests and wilderness areas, and pollution control, such as hazardous waste and air/water quality. This course encourages students to study the management of local natural resources. Econ All740. Economic History of the United States (3) F, S A critical study of the growth and development of American Society and its institutions. Econ SS2010. Principles of Microeconomics (3) F, S The application of economic concepts to the analysis of scarcity of individual, firm, and organizational behavior. Topic coverage includes the theories of how consumers and firms make choices, and how various rules guide their respective decisions. The course also explores the theory of market structures, such as perfect and imperfect competition, as well as monopoly. Prerequisites: Math QL1050 with a C- or higher grade (or CR if taken on a CR/NC basis). Econ SS2020. Principles of Macroeconomics (3) F, S The application of economic concepts to the analysis of national income and employment, economic fluctuations, inflation, fiscal and monetary policies, economic growth, and the global economy. This course analyzes various economic policies, and how they affect economic fluctuations and foster economic growth. Prerequisites: Math QL1050 with a C- or higher grade (or CR if taken on a CR/NC basis), Econ SS2010. Econ 2920. 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. See John B. Goddard School of Business and Economics Registration Restrictions before registering for courses numbered 3000 and above. Econ 3030. Managerial Economics (3) F, S This course uses the tools of differential calculus and regression theory to analyze the managerial decisions of individual firms. Prerequisites: Math QL1050, Quant SI2600, Quant SI3610. Econ 3090. History of Economic Thought (3) S This course covers the major concepts and contributions of the scholars of the past in economic doctrine and interpretations. Prerequisites: EconSS2010, SS2020. Econ 3110. International Trade (3) F, S 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 179 such as tariffs and quotas. Special topics include trade in agricultural products and international labor migration. Prerequisites: EconSS2010, SS2020. Econ 3120. International Finance and Monetary Systems (3) S 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. Prerequisites: Econ SS2010, SS2020. Econ 3150. Business Studies Abroad - International Finance (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 (3) S 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 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: Econ SS2010. 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. Econ 4020. Intermediate Macroeconomic Theory (3) 5 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 General PROFILE ENROLLMENT STUDENT AFFAIRS ACADEMIC INFO DEGREE REQ GENED Jnterdisciplinary FYE HNRS BIS LIBSCI INTRD MINORS Applied Science & Technology CEET CS MFET/MET CMT CDGT ENGR AUTOSV/AUTOTC IDT SST TBE Arts & Humanities COMM ENGL FORLNG DANCE MUSIC THEATR ART Business & Econ MBA MPACC/ACCTNG BUSADM FIN LOM MGMT MKTG ECON/QUANT- IS&T Education MEDUC CHFAM ATHL/AT HEALTH/NUTRI PE/REC EDUC Health Professions CLS DENSCI PARAMD HTHSCI HAS/HIM NURSNG RADTEC DMS NUCMED RADTHR RESTHY Science BOTANY CHEM GEOSCI MATH/MATHED MICRO PHSX ZOOL Social & Behavioral Sciences MCJ/CJ ECON GEOGR HIST POLSC PHILO PSYCH SOCLWK GERONT SOCLGY ANTHRO AEROSP MILSCI NAVSCI Continuing Ed Davis Campus WEBER State Univ 2003-2004 CATALOG E R S I T Y