ECONOMICS
Professor Fleming; Associate Professors Lowry, Stauffer; Part-time
Lecturer Ballantyne
Students majoring in Economics are required to complete a
minimum of ten units in Economics, including 121, 122, 232,
321, 322, and 461.They must also take Business
Administration 258. Business Administration 125 and 225 are
recommended for those students whose career plans might
include an accounting component. Although students may
take Economics 121 and 122 in either order, the
recommended sequence is 121 followed by 122. Note that
Statistics 101 and Mathematics 111 or 112 are prerequisites
for Economics 321 and 322.
Admission to the BA program in Economics requires the
approval of the department chairperson. An application should
be submitted as soon as a student becomes interested in the
major and shows evidence of possessing the quantitative and
analytical skills required to satisfactorily complete this major.
Economics 120 cannot be used for the Economics or
Business Administration majors. Economics 120 can serve as a
prerequisite for Economics 227, 237, 244, 257, and for
Business Administration 233, for non-majors only.
120 Introduction to Economics
A survey designed to develop an understanding of the role
of economic principles in domestic and world affairs. (Not
open to anyone majoring in business administration or economics, or
anyone having completed both Economics 121 and 122.) (1)
Lecture: 3 hrs/wk.
121 Principles, Micro
Analytical concepts and principles as they relate to the
functioning of a mixed-market economy, emphasizing costs,
markets, and prices. (1
Lecture: 3 hrs/wk.
122 Principles, Macro
Analytical concepts and principles as they relate to the
functioning of a mixed-market economy, dealing with
aggregate concepts and problems, such as unemployment,
inflation, growth, and international trade. (1)
Lecture: 3 hrs/wk.
227 Health Care Economics
A course to provide students with tools to evaluate current
issues in health care, and to analyze the effects of public
policies in the financing and delivery of health care. (1)
Lecture: 3 hrs/wk.
Prerequisite: Economics 120 or 121.
232 Money and Banking
Money, credit, and the banking system with special emphasis
on the role of money as a determinant of economic activity.
Attention is also given to international monetary markets. (1)
Lecture: 3 hrs/wk.
Prerequisites: Economics 121 and 122.
237 Comparative Economic Systems
The ideological, theoretical, and institutional basis for planned
and market economies with examples drawn from various
countries. (1)
Lecture: 3 hrs/wk.
Prerequisite: Economics 120 or 121.
242 Public Finance
The effects of taxation and government expenditure on
economic allocation, distribution, stability, and growth are
covered. Attention is given to the fiscal institutions and
policies of state and local government. (1)
Lecture: 3 hrs/wk.
Prerequisites: Economics 121 and 122.
244 Industrial Relations and Collective Bargaining
Evolution of unions; organizations and role of labor and
management in collective bargaining; labor legislation; and
contract administration. (1)
Lecture: 3 hrs/wk.
Prerequisite: Economics 120 or 121.
(Cross-listed as Business Administration 244.)
247 Global Trade and Finance
The theory of trade; barriers and controls; balance of
payments; international monetary systems. (1)
Lecture: 3 hrs/wk.
Prerequisites: Economics 121 and 122.
257 Competition, Monopoly, and Public Policy
This course considers business organization and
operation with emphasis on public policy designed to
promote competition and prevent monopoly. (1)
Lecture: 3 hrs/wk.
Prerequisite: Economics 120 or 121.
261 Topics in Economics
Selected topics involving problems and controversies
of a social and political nature. (1)
Lecture: 3 hrs/wk.
321 Intermediate Theory: Microeconomics
The determination of prices and the allocation of
resources under different market structures; problems,
questions of policy, and managerial decisions. (1)
Lecture: 3 hrs/wk.
Prerequisites: Economics 121; Statistics 101; and
Mathematics 111 or 112.
322 Intermediate Theory: Macroeconomics
The measurement, analysis, and control of aggregate
economic activity; problems and questions of policy. (1)
Lecture: 3 hrs/wk.
Prerequisites: Economics 232; Statistics 101; and
Mathematics 111 or 112.
395, 396 Henry H. Fowler Public Policy Seminar
A seminar taught with a scholar-statesperson that deals
with a policy issue of public significance. (Made possible by the
Henry H. Fowler Endowment. Open to selected students with
department permission.) (1, 1 / 2 )
405, 406, 407 Independent Study
A program of intensive study in economics carried out under
the direction of a member of the departmental staff. (Open to
majors with the permission of the department.) ( 1 / 2 , 1, 1 / 2 )
416 Internship
Work experience in private or public sector, utilizing
analytical tools, and including a student project.
(Admission by permission of department. May not be counted
toward major credit.) (1)
461 Economics Seminar
An in-depth investigation of topical issues in economics
at the advanced theory level. (1)
Lecture: 3 hrs/wk.
Prerequisite: Senior standing in Economics or permission.
495, 496, 497 Honors Project
A program of independent study culminating in a paper,
artistic creation, or performance.
Prerequisite:To qualify for consideration to receive honors in the
major, a student in his/her senior year or in the Summer prior to the
senior year, must work under the guidance of his/her committee.A
written proposal and application must be approved by the committee
and department.A minimum GPA of 3.4 in the major is required.
495 Honors Project is prerequisite for 497 Honors Project. ( 1 / 2 , 1, 1 / 2 )