ECONOMIC 5210 3 credits History of Economic Thought
Economic theory from medieval to contemporary times. Economic thought in the Medieval Middle East; economic theory of scholasticism, growth of commerce, and mercantilist theory. The physiocratic and classical traditions of political economy. Marxian political economy. Neoclassical economics and critiques of the neoclassical theories of value and distribution.
ECONOMIC 5220 3 credits Introduction to Managerial Economics
Survey of the principal applications of the theory and analytical techniques of economics to the problems of business management. P: ECONOMIC 2230, ECONOMIC 2410.
ECONOMIC 5330 3 credits Intermediate Microeconomic Analysis
A critical survey of the principal concepts of modern neoclassical micro-economics and alternatives to it. Methods of economic science; measures of elasticity; theory of consumer behavior; production and cost theory; industrial structure and conducts markets; input markets; theory of choice with incomplete information. Recommended: ECONOMIC 2230.
ECONOMIC 5340 3 credits Intermediate Macroeconomic Analysis
General economic theory of the determination of national income and output, employment, price level, and economic growth; prefaced by a survey of national income accounting. Keynesian, monetarist, post-Keynesian, rational expectations, and real business cycle theory. Macroeconomics of open economy. Macroeconomic theory is applied to the current U.S. economic situation. P: ECONOMIC 2130, ECONOMIC 2230.
ECONOMIC 5420 3 credits Consumer Economics
Focus is on how the consumer functions in the marketplace with an emphasis on consumer choice, consumer sovereignty, and the economic forces that shape consumer demand. The fundamental rights of the consumer are examined and stress is placed on how an individual may become a better educated consumer as well as what government can do and is doing in the field of consumer protection.
ECONOMIC 5430 3 credits Labor Economics and Labor Relations
A beginning course in labor and industrial relations with emphasis on how wages are determined in various types of labor markets; broad social aspects of employer-employee relations; history, organization, and structure of U.S. labor unions; problems, policies, and procedures in contemporary collective bargaining; and special issues involving unemployment, productivity, worker alienation, automation, and investment in human capital.
ECONOMIC 5630 3 credits Comparative Economic Systems
Concepts of free market capitalism, market socialism, participatory management economies, and centralized planning. A comparative study of the market socialism of France; the participatory management economy of Japan; planning experiences of Sweden, China, and India; and the various forms of free-market capitalism of Germany, the United States, and others. Recommended: ECONOMIC 2130, ECONOMIC 2230.
ECONOMIC 5730 3 credits Money and Banking
A survey of the monetary and banking systems of the United States as part of the nationís overall financial system. Major topics include organization and functioning of financial intermediaries the key economic roles of lending institutions and the Federal Reserve System; contemporary monetary theories; and alternative money policies. Recommended: ECONOMIC 2130, ECONOMIC 2230.
ECONOMIC 5830 3 credits Public Finance
Beginning course in government finance. Topics include government expenditures, programs and public services; principles and processes for collective decision making; sources, principles, and effects of taxes and other government revenues; and deficits, debts, and budgeting in the public sector. P: ECONOMIC 2130, ECONOMIC 2230.
ECONOMIC 6110 3 credits Management Science
An introduction to quantitative methods used in business. Introduction to decision theory; in-depth treatment of linear programming and its applications; network and scheduling models; use of computer software in these applications is emphasized. P: Completion of university math requirement and ECONOMIC 2410.
ECONOMIC 6330 3 credits International Economics
A study of the major aspects of international trade, finance, and commercial policy under changing world conditions. Subject studied include various theories of international trade; Hecksher-Ohlin theory of commodity composition of trade; effects of tariffs and quotas; exchange rate determination; balance of payments analysis and policy; international monetary systems, international economic institutions, and current problems. P: ECONOMIC 2130, ECONOMIC 2330.
ECONOMIC 6930 3 credits Senior Seminar
Critical examination of select economic policy issues with active participation by students, faculty, and other invited guests. Recommended: ECONOMIC 2130, ECONOMIC 2230.
ECONOMIC 6940 1-4 credits Special Problems
Supervised reading on selected economic problems.