Business and Economics Business and Economics Department of Economics Dr. David B. Timmins, Chairman Professors, Kiyotoshi Iwamoto, David B. Timmins; Associate Professors, 0. Morrell Clark, Elden E. Liechty; Assistant Professors, Richard M. Alston, Franklin A. Badger, Dix W. Cloward. Economics Major—In addition to the core requirements for all students in the School of Business and Economics, requirements for a major in Economics include Economics 10, 110, 112, 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 Economics by completing Economics 5, 6 170 and/or 171, plus additional approved courses in Economics to total 23 quarter hours, excluding statistics. (At least a "C" average is required.) Teaching Minor in Economics—A baccalaureate degree candidate may obtain a teaching minor in Economics by completing Economics 5, 6 and 10 plus additional approved electives in Economics to total 24 hours. Suggested electives might include Economics 110, 124, 140 and 186, and Banking and Finance 1. Composite Teaching Major in Business Education. (Economics)—See Business Education Composite Teaching Major, School of Education, page 246. Social Science Composite Teaching Major—Economics 5, 6, 10 and/or 124 plus additional economics courses to total 20 quarter hours may be used as part of a Social Science Composite Teaching Major. Courses of Instruction +5. Principles of Economics (formerly Economics 1 and 2) —Basic institutions of our economy, production of goods, standards of living, the exchange economy, introduction to macro-economics, national income, and levels of employment. A W S (5) Staff 6. Principles of Economics (formerly Economics 3)—Continuation of Economics 5. An introduction to micro-economics. Value and price of goods under varied degrees of competition, and the distribution of income to wages, interest, rent, and profits. Prerequisite: Economics 5. 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—Introduction to Statistics: Business and economic applications of selected mathematical and statistical concepts. Prerequisite: Mathematics 14 or satisfactory performance on the mathematics placement test. 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) Staff 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) Staff 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 5. (Same as Banking and Finance 110.) A W S (4) Hawkins, Timmins 112. History of Economic Thought—The major concepts and contributions of the scholars of the past in economic doctrine and interpretations. Prerequisite: Economics 6. S (4) Iwamoto, Liechty 120. Comparative Economic Systems—Capitalism, Socialism, Communism. Prerequisite: Economics 6. W (4) Clark 124. Economic Geography—Resources, production, commerce, economic problems of major areas of the earth. S (5) (See Geography 124.) Staff 130. Business and Government—Causal forces in the growth of large-scale business, government laws, intervention, regulation. A S (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 6 (Same as Banking and Finance 132.) W (4) Iwamoto 140. Labor Economics—Historical development and eclectic growth of Unionism. Analysis of wages, wage theories, collective bargaining and labor-management relations. Prerequisite: Economics 6. W (3) Cloward, Liechty 224 225