116 Economics Composite Teaching Major in Business Education (Economics) (See Composite and Interdepartmental Programs). Social Science Composite Teaching Major-(See Composite and Interdepartmental Programs). Program: Economics Minor for Business and Non-business Majors Non-business Majors (minimum of 23 credit hours): Required courses (12 credit hours): Econ SS101 (5), 102 (3), 301 (4), or 302 (4). Elective courses (11 credit hours): Elective courses must be approved by the department prior to taking the courses. School of Business and Economics Majors: A student majoring in the School of Business and Economics may obtain a minor by completing a minimum of 15 additional credits in Economics beyond those required in the core of the School of Business and Economics and/or in their selected major. Program: Economics Teaching Minor General Requirements: A grade of C or better is required in minor courses. The Advanced Standing requirement does not apply. Specific Requirements: (minimum of 30 credit hours): Required courses (13 credit hours): Econ SS101 (5), 102 (3), 274 (5). Economics Courses Advanced Standing prerequisites indicated on course descriptions apply to non-business students. Business majors must have Advanced Standing before taking upper division courses. Prerequisites other than Advanced Standing Courses must be taken by all students. SS101. Principles of Economics (5) Basic institutions of the economy, production of goods, standards of living, the exchange economy, introduction to macroeconomics, national income, and levels of employment. 102. Principles of Economics (3) Introduction to microeconomics. Value and price of goods under varied degrees of competition, and the distribution of income to wages, interest, rent, and profits. 160. Quantitative Analysis for Business and Economics (3) Analysis of quantitative relations and models in business and economics. Topics include differentiation, maximization, marginal analysis, constrained optimization and integration. Computers will be utilized. Prerequisite: Math 107 or equivalent as determined by the Math Department. 260. Statistical Analysis I (4) Introduction to concepts and applications of statistics in business and economics. Topics include summary statistics, probability distribution of random variables, sampling and estimation. Computers will be utilized. Prerequisite: Math 107 or equivalent as determined by the Math Department. 261. Statistical Analysis II (4) Continuation of Econ 260. Topics include test of hypothesis, correlation, time series and multiple regression analysis. Computers will be used extensively in regression analysis. Prerequisite: Econ 260. SS274. Economic History of the United States (5) A critical study of the growth and development of American society and its institutions. 292. Short Courses, Workshops, Institutes and Special Program (1-6) To provide flexibility and to meet many different needs, a number of specific offerings are possible using this catalog number. When the number is used it will be accompanied by a brief and specific descriptive title. The specific title with the credit authorized for the particular offering will appear on the student transcript. Elective courses (11 credit hours): Courses must be approved by department chairman prior to taking the courses. Support courses required (6 credit hours): Commun 102 (3) or its equivalent and Educ 450 (3). Asian Studies Minor The Department of Economics participates in the Asian Studies Minor Program. Students who wish to participate should indicate their desire to do so with the departmental Asian Studies representative who will help them work out a proper combination of courses to fit their particular needs. (See Composite and Interdeparmental Programs.) Latin American Studies Minor The Department of Economics participates in the Latin American Studies Program. Students who wish to participate should indicate their desire to do so with the departmental Latin American Studies representative who will help them work out a proper combination of courses to fit their particular needs. (See Composite and Interdepartmental Programs.) Emphasis in Urban and Regional Planning This program provides a special emphasis in Urban and Regional Planning for majors in Botany, Economics, Engineering, Geography, Geology, Microbiology, Political Science, Sociology, Zoology, and related fields. (See Composite and Interdepartmental Programs.) 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. 117 Economics 301. Intermediate Theory: Macro-Economics (4) Theory of general economic equilibrium, aggregate employment, inflation, depression. Prerequisites: Econ 101 and 102. 302. Intermediate Theory: Microeconomics (4) Consumer behavior, economics of the firm and price theory. Prerequisites: Econ 101 and 102. 303. Managerial Economics (4) This 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 on problem solving, including the use of computer software to forecast and simulate. The course is recommended for business students. Prerequisites: Econ 101, 102, and 160 or equivalent. 309. History of Economic Thought (4) The major concepts and contributions of the scholars of the past in economic doctrine and interpretations. 311. International Economics (3) Concepts designed to acquaint students with economic relationships among nations. Areas of study will include pure theory of trade, common market associations, and trade problems facing underdeveloped countries. 312. International Monetary Systems (3) Concepts dealing with international money and monetary systems, foreign exchange, and some of the regional monetary arrangements, such as: IMF, dollar problem, IBRD. 320. Money and Banking (4) The history of money and credit, the evolution of banking, the Federal Reserve System, and other banking problems and functions. Prerequisites: Econ 101, 102. 330. The Structure and Performance of U.S. Industry (3) The physical and competitive structure of U.S. industries, and its theoretical and empirical relationship to industry conduct and performance. Emphasis on oligopoly, mergers, and market power. Prerequisites: Acctng 201, Econ 102. SS340. Labor Economics (5) Historical development and growth of unionism and labor legislation. Analysis of wages, wage theory, collective bargaining and labor-management relations. 361. Urban and Regional Economics (3) Theory and analysis of the economic structure of regions with application to the growth of urban centers and decay of rural areas through computer simulation. SS386. Current Economic Problems (3) The application of economic principles to challenging problems, including population, natural resources, poverty, government policy. Prerequisite: Approval of instructor. 417. Comparative Economics Systems (4) Capitalism, Socialism, Communism. 419. Economic Development (3) Theory and comparative review of the application of economic policies by Third World Countries to the problems of economic development. 430. Free Enterprise and Public Policy (4) Causal forces in the growth of large-scale business, government laws, intervention, regulation. 432. Taxation and Public Finance (4) Principles of taxation main revenues and expenditures of federal, state, and local governments; federal fiscal and monetary policies. 455. Introduction to Econometrics (4) Advanced regression analysis. Topics include dummy variables, residual analysis, binomial dependent variables, simultaneous equations, forecasting techniques. Computers will be used extensively although programming skills are not necessary. Prerequisite: Econ 261 or equivalent. 480. Independent Study (15) Individual work or work in small groups, by arrangement, in special topics not included in the announced course offerings. Prerequisite: Approval of instructor. (Limited to 2 credit hours per quarter.) Prerequisites: Econ 101, 102, and 261. 492. Short Courses, Workshops, Institutes and Special Programs (1-6) To provide flexibility and to meet many different needs, a number of specific offerings are possible using this catalog number. When the number is used it will be accompanied by a brief and specific descriptive title. The specific title with the credit authorized for the particular offering will appear on the student transcript. The following courses are specifically designed for Elementary and Secondary Teachers: 401. National Income Analysis (4) National income analysis and selected topics in the theory of income determination. (Designed for teachers). 402. 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.) 411. International Trade and Business (4) A survey of international economic relations, problems and policies. (Designed for teachers.) 420. The U.S. Monetary System (4) A survey of the monetary and banking system of the United States. (Designed for teachers.) 435. Government and the Free Enterprise System (4) A survey course that examines the role and impact of governmental insitutions and policies upon the private sector of the economy. (Designed for teachers.) 474. Economic Approach to U.S. History (4) The impact of economic factors upon the growth and development of the United States. (Designed for teachers.)