Business and Economics 170, 171 and 199; plus at least 3 additional approved courses in Economics; plus at least 4 additional approved quarter hours in other upper division business courses. (At least a "C" average is required.) Economics Minor—A baccalaureate degree candidate may obtain a minor in Economies by completing Economics 1, 2, 3, 170 and/or 171, plus additional approved courses in Economics to total 23 quarter hours, excluding statistics. (At least a "C" average is required.) Composite Teaching Major in Business Education. (Economics)—See Business Education Composite Teaching Major, School of Education, page 251. Social Science Composite Teaching Major—Economics 1, 2, 3, 10 and/or 124 plus additional economics courses, if needed, to total 20 quarter hours, may be used 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. A W S (3) Staff 2. Principles of Economics—Continuation of Economics 1. The exchange economy; introduction to macro-economics; national income, and levels of employment. Prerequisite: Economics LAWS (3) Staff 3. Principles of Economics—Continuation of Economics 2. Value and price of goods on the market under varied conditions of competition: monopoly, oligopoly, monopolistic competition, and perfect competition. An introduction to micro-economics. The distribution of income: wages, interest, economic rent, and profits. Prerequisite: Economics 2. A W S (3) Staff 10. Economic History of the United States—Development of resources, commerce, agriculture, manufacturing, labor organizations, finance. A W S (5) Clark 49. Elementary Statistics—Mathematical concepts of logarithms, decimals, and algebra as applied to business problems. Prerequisites: Mathematics 001 and Mathematics 007 or satisfactory performance on placement tests. A W S (3) Staff 50. Elementary Statistics—Continuation of Economics 49. The concepts of probability applied to the collection and interpretation of data used in business decisions. Prerequisite: Economics 49. A W S (3) Badger, Liechty 230 Business and Economics 51. Elementary Statistics—Continuation of Economics 50. The concepts of hypothesis testing, regression analysis, index numbers, and time series oriented toward decision making in the business world. Prerequisite: Economics 50. A W S (3) Badger, Liechty 110. Money and Banking—The history of money and credit, the evolution of banking, the Federal Reserve System, and other banking problems and functions. Prerequisites: Accounting 3 and Economics 2. (Same as Banking and Finance 110.) A W S (4) Hawkins, Liechty 112. History of Economic Thought—The major concepts and contributions of the scholars of the past in economic doctrine and interpretations. Prerequisite: Economics 3. A (4) Badger, Liechty 120. Comparative Economic Systems—Capitalism, Socialism, Communism. Prerequisite: Economics 3. W (4) Clark 124. Economic Geography—Resources, production, commerce, economic problems of major areas of the earth. S (5) Clark 130. Business and Government—Causal forces in the growth of large-scale business, government laws, intervention, regulation. Prerequisite: Economics 3. A (5) Clark 132. Taxation and Public Finance—Principles of taxation; main revenues and expenditures of federal, state, and local governments; federal, fiscal, and monetary policies. Prerequisite: Economics 3. (Same as Banking and Finance 132.) W (4) Badger 140. Labor Economics—Historical development and eclectic growth of Unionism. Analysis of wages, wage theories, collective bargaining and labor-management relations. Prerequisite: Economics 3 A (3) Staff 141. Labor Law—Labor economics with special emphasis on the role of government in labor-management relations. Prerequisite: Economics 3. W (3) Staff 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. Prerequisites: Economics 3 and 51. (Same as Banking and Finance 150.) W (3) Hawkins, Liechty 151 Intermediate Statistics—Probability, sampling, and decision-making in the face of uncertainty. Prerequisites: Economics 50 and 51. S (3) Badger 231