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Show Department of Economics Associate Professor O. Morrell Clark, Head; Assistant Professors Dale R. Hawkins, Elden E. Liechty. Economics MajorIn addition to the general requirements for all students in the Division, requirements for a major in Economics include Economics 10, 110, 112, 170, 171 and at least three additional quarter hours in Economics. Economics MinorA baccalaureate degree candidate may obtain a minor in Economics by completing Economics 1, 2, 3, 50, 51, and 170 or 171, plus 4 hours of additional upper division credit in Economics. Social Science Group RequirementsEconomics 1, 2, or 10 are accepted in fulfilling the Social Science area requirements. Economics 1, 2, 3 and 10 or 20, plus four hours of upper division economics may serve as part of a Social Science Composite Teaching Major. Courses of Instruction 1. Principles of Economics Basic institutions of our economy, production of goods, capital and labor in production, standards of living. AWS (3). Clark, Hawkins, Liechty 2. Principles of EconomicsContinuation of Economics 1. The exchange economy, transportation, markets, money, government; introduction to macro-economics; national income, and levels of employment. Prerequisite: Economics 1. AWS (3). Clark, Hawkins, Liechty 3. Principles of EconomicsContinuation of Economics 2. Value and price of goods on the market under varied conditions of competition, monopoly, oligopoly; introduction to micro-economics, distribution of income, wages, interest, economic rent, profits. Prerequisite: Economics 2. AWS (3). Clark, Hawkins, Liechty 10. Economic History of the United StatesDevelopment of resources, commerce, agriculture, manufacturing, labor organizations, finance. AS (5). Clark 20. Economic Geography Resources, production, commerce, economic problems of major areas of the earth. W (5). Clark 31. Agricultural Economics(See course under Agriculture Department.) 32. Agricultural Economics(See course under Agriculture Department.) 76 33. Agricultural Economics(See course under Agriculture Department.) 50. Elementary StatisticsProblems of collection, presentation, analysis, and interpretation of numerical data as applied to business and industry. Prerequisite: Accounting 9. A W (3). Liechty 51. Elementary StatisticsContinuation of Economics 50. Prerequisite: Economics 50. W S (3). Liechty 110. Money and Banking(Same as Banking & Finance 110 under Business Administration.) Hawkins 112. History of Economic ThoughtThe major concepts and contributions of the scholars of the past in economic doctrine and interpretations. W (4). Clark, Liechty, Hawkins 120. Comparative Economic SystemsCapitalism, Socialism, Communism. Prerequisite: Economics 3. W (4). Clark 130. Business and Government Causal forces in the growth of large-scale business; government laws, intervention, regulation. Prerequisite: Economics 2. A (5). Clark 132. Taxation and Public FinancePrinciples of taxation; main revenues and expenditures of federal, state, and local governments; federal, fiscal, and monetary policies. Prerequisite: Economics 2. S (5). Clark 140. Labor EconomicsWages, development of labor unions, collective bargaining, labor-management relations, government intervention. Prerequisite: Economics 3. S (5). Liechty 150. Business Fluctuations and Forecasting Patterns and determinants of fluctuations in our economy over the years, and methods used in forecasting the level of economic activity. Prerequisite: Economics 50. W (3). Liechty, Hawkins 170. Intermediate Theory: Macro-EconomicsTheory of general economic equilibrium, aggregate employment, inflation, depression. Prerequisite: Economics 2. A (4). Liechty 171. Intermediate Theory: Micro-Economics Equilibrium and price theory, economics of the firm. Prerequisite: Economics 3. S (4). Liechty 77 |
