ECONOMICS

Professor Fleming; Associate Professors Lowry, Stauffer; Assistant Professor Kassens

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 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 International 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)