Department of EconomicsInterim Chair: John Ifediora (1999-2000)
Interim Chair: Terrence L. Liska (2000-2001)
Interim Chair: Brian Peckham (2002-2003)
EconomicsProfessors: Kahtan A. Al Yasiri, Farhad Dehghan, Terrence L. Liska, John C. Simonson, Abdollah S. Soofi Associate Professors: John Ifediora, Brian W. Peckham
The economics program at UW-Platteville is designed to bridge the gap between liberal and vocational education. In fulfilling requirements for the economics major, the student will master the analytical core of economics as well as functional areas of business and behavioral sciences and the analytical approach to problem solving. Economics is the social science of production, distribution and consumption of goods and services. The study of economics, in part, concentrates on the study of factors of production, i.e. natural resources, capital, labor, and entrepreneurship. Economic ideas confront us every day, whether we are exchanging our labor for money or our money for goods and services, borrowing or saving, or electing officials to represent us. We face many complex problems directly related to the economy, including inflation, unemployment, pollution, energy shortages and government deficits. The study of economics helps us to understand the nature and causes of such problems and enables us to develop policies, programs and strategies for dealing with them. A background in economics has cultural, ethical and political value and enables an individual to be a more effective decision maker as a producer, consumer, and citizen. The department offers a 36-credit major and a 24-credit minor in economics, a 60-credit comprehensive business and economics major (with concentrations available in computer science or in vocational business studies, if desired), and an economics concentration in the social science teaching major. For more information about the teaching major contact the director of the School of Education.
Requirements for Bachelor of Science Degree
Total for Graduation 120 credits General Education 44-58 credits Major Studies 36 or 60 credits
Economics Major (nonteaching) (36 credits)
ECON 2130 Principles of Microeconomics 3 ECON 2230 Principles of Macroeconomics 3 ECON 2250 Economics and Western History I 3 ECON 2260 Economics and Western History II 3 ECON 2410 Interpretation of Bus. & Econ. Data 3 ECON 3330 Intermediate Microeconomics 3 ECON 3340 Intermediate Macroeconomics 3 ECON 4930 Senior Seminar 3
Choose any six additional courses from the following: (12 credits of which must be taken in economics courses numbered 3000 or above)
ECON 2930 Political Economy of Race, Gender and Ethnicity 3 ECON 3100 Compensation Management 3 ECON 3210 History of Econ. Thought 3 ECON 3220 Introduction to Managerial Economics 3 ECON 3420 Consumer Economics 3 ECON 3430 Labor Economics and Labor Relations 3 ECON 3530 Economic History of the United States 3 ECON 3630 Comp. Economic Systems 3 ECON 3730 Money and Banking 3 ECON 3830 Public Finance 3 ECON 4010 Consumer & Econ. Ed. 3 ECON 4110 Management Science 3 ECON 4330 International Economics 3 ECON 4940 Special Problems 1-4 ECON 4990 Internship 1-8 Students anticipating graduate study in economics are strongly encouraged to complete MATH 2640, 2740, 3230, 4230 and 4420.
Comprehensive Business and Economics (60 credits)
Required Courses BSAD 2330 Organization and Management 3 BSAD 2630 Introduction to Marketing 3 BSAD 3620 Financial Management 3 ECON 2130, 2230 Principles of Economics 6 ECON 2410 Interpretation of Bus. & Economic Data 3 ECON 3330 Intermediate Microeconomics 3 ECON 3340 Intermediate Macroeconomics 3 ACCT 2010, 2020 Elem. Accounting 6 ACCT 3000 Managerial Accounting 3 ECON 4930 Senior Seminar 3
Students majoring in business can get a double major in business and in comprehensive business and economics by completing three courses in addition to those required for the business major. Note: The balance of the 60-credit program consists of elective courses chosen from business, economics and selected computer science courses. See the chairperson of the Department of Economics for further information.
Comprehensive Business and Economics with Computer Science ConcentrationAvailable by taking the following computer science requirements in addition to the above 60-credit program.
Required Courses COSC 1430 Intro to Computer Science with C++ P: CS 1130 or Math level 20 COSC 2230 Computer Program for Business Systems P: CS 1430 COSC 3130 System Analysis and Design P: CS 2230 Choose any three courses from the following: COSC 1130 Intro to Computer Science COSC 1830 Microcomputer Applications COSC 2330 Programming in Visual Basic P: CS 1430 COSC 2530 Programming in RPG P: CS 1430 COSC 2830 Advanced Microcomputer Applications P: CS 1830 COSC 2930 Object Oriented Programming in Cobol P: CS 2230 COSC 3530 System Development and Implementation P: CS 3130 COSC 3630 Data Base Design and Implementation P: CS 2930 COSC 3640 Client/Server Programming P: CS 3630 COSC 3930 CICS Application Programming P: CS 2930 COSC 4230 Applications in Information Systems P: CS 3530 For a stronger concentration in Computer Science, a student should take the required course above plus one of the following options: Option 1: COSC 3530, COSC 3630 or COSC 3930, COSC 4230 Option 2: COSC 2930, COSC 3630, COSC 3640
Business and Economics with Vocational Business Studies ConcentrationStudents from vocational-technical adult education schools and from unaccredited institutions who have done course work in a business program may transfer to UW-Platteville. They can combine their previous work with liberal and professional studies at this university to earn the baccalaureate degree. To graduate with a bachelor of science degree in business and economics, students must (1) complete all general university requirements, (2) complete the 60-credit program specified above for the comprehensive major, and (3) earn in residence a minimum of 34 credits in the major area and 31 credits in liberal arts courses. The student, in consultation with the advisor, may pursue in-depth work in accounting, business administration, or economics. The vocational-technical background of each student will be evaluated on a course-by-course basis. Waivers and credits will be granted by the appropriate faculty, based upon transcripts, tests or other criteria. As a general policy, credits will not be granted for courses numbered 3000 and above, nor for grades below "C." However, up to 24 credits of the business and economics core and up to 15 credits of the general university requirements may be accepted. Comprehensive Social Sciences with a Concentration in Economics-Economics Education (teaching)The College of Liberal Arts and Education offers a major for certification of social science teachers with an area concentration in economics. Students with a major in comprehensive social sciences with a concentration in economics-economic education will receive a B.A. degree. For more information see the social sciences comprehensive major. Economics Minor (24 credits) ECON 2130 Principles of Microeconomics 3 ECON 2230 Principles of Macroeconomics 3 ECON 3330 Intermediate Microeconomics 3 ECON 3340 Intermediate Macroeconomics 3
Students in all economics programs are encouraged to take advantage of foreign study opportunities, including the cooperative programs with the University of the Americas in Puebla, Mexico; Ealing College of Higher Education in London, England; and the Spanish-American Institute in Seville, Spain.
Courses OfferedEconomics
ECON 2130 3 credits Principles of MacroeconomicsAn introduction to basic economic principles with applications to current problems. Demand, supply, and the role of prices in the U.S. economy are briefly surveyed followed by in-depth study of the national (or macro) economy. Topics include unemployment, inflation and economic growth; theories of economic recession and prosperity; the role of money and banking in the economy; government taxing and spending policies to stabilize the economy; and the U.S. as part of the international economy. F S SU GE: SS
ECON 2230 3 credits Principles of MicroeconomicsAn introduction to basic economic principles with applications to current economic problems. Emphasis is on understanding how households and business firms make decisions in the U.S. economy. Topics include how prices are determined and how they help solve the economic problem of scarcity, the distribution of income and wealth, problems of monopoly power, labor unions and labor problems, environmental and energy concerns, and agricultural economics. F S SU GE: SS ECON 2250 3 credits Economics and Western History IMultidisciplinary survey of the evolution of economic institutions and thought in the West from ancient Greece to 1870; study of principal ideologies and economic problems that have affected Western history; informal presentations of relevant economic theory; course intended for students not planning to do advanced work in economics. F S GE: SS
ECON 2260 3 credits Economics and Western History IIA sequel to Economics 2250 that provides a study of the main trends in Western economic history and thought from 1870 to the present; course intended for students not planning to do advanced work in economics. P: ECON 2250 recommended. F S GE: SS
ECON 2410 3 credits Interpretation of Business and Economic DataThe nature of statistical data in business and economics; the use of tabular, graphical and numerical analysis; probability, estimation and hypothesis testing; correlation and regression; index numbers; time series; and forecasting. P: 5 credits in mathematics or permission of the department chairperson. F S SU GE: SS
ECON 2930 3 credits Political Economy of Race, Gender, and EthnicityThis course uses economics principles to analyze salient issues involving people of color, women, and ethnic minorities. The focus is interdisciplinary, drawing from the fields of business and political science, among others. Analysis will occur within the contextual framework provided by guest presenters having expertise in areas of race and ethnic studies and of women's studies. Pertinent principles and concepts will be used to analyze the causes and effects of the changing composition of U.S. families, to examine the nature and extent of discrimination within the U.S. economy, and to understand why issues involving race, ethnicity and gender are of concern to all. F S GE: SS E
ECON 3100 3 credits Compensation ManagementSee BSAD 3100. ECON 3210 3 credits History of Economic ThoughtEconomic 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. Offered Various Semesters GE: SS, HP (second course only)
ECON 3220 3 credits Introduction to Managerial EconomicsSurvey of the principal applications of the theory and analytical techniques of economics to the problems of business management. P: sophomore standing. Recommended: ECON 2230 and 2410. S GE: SS
ECON 3330 3 credits Intermediate Microeconomic AnalysisA critical survey of the principal concepts of modern neoclassical microeconomics and alternatives to it. Methods of economic science; measures of elasticity; theory of consumer behavior; production and cost theory; industrial structure and conduct; input markets; market power and its determinants; introduction to Marxist, post-Keynesian, and behaviorist research programs in economics. P: sophomore standing. Recommended: ECON 2230. S GE: SS
ECON 3340 3 credits Intermediate Macroeconomic AnalysisGeneral 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 economies. Macroeconomic theory is applied to the current U.S. economic situation. P: ECON 2130, ECON 2230 and junior standing. F GE: SS
ECON 3420 3 credits Consumer EconomicsFocus 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. Offered Various Semesters GE: SS
ECON 3430 3 credits Labor Economics and Labor RelationsA 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. P: sophomore standing. Recommended: ECON 2130 and ECON 2230. Offered Various Semesters GE: SS
ECON 3530 3 credits Economic History of the United States: The First Three Hundred YearsAn introductory survey of the evolution of the market economy of the United States up to World War I and of American thought concerned with the problems arising from such changes. P: HIST 1330 and/or HIST 1430. GE: HP
ECON 3630 3 credits Comparative Economic SystemsConcepts 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, U.S.A. and others. Offered Various Semesters GE: SS, IE
ECON 3730 3 credits Money and BankingA survey of the monetary and banking systems of the United States as part of the nation's 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, international financial structures. P: sophomore standing. Recommended: ECON 2130 and ECON 2230. F S Su GE: SS ECON 3830 3 credits Public FinanceBeginning 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: ECON 2130 and ECON 2230. F GE: SS
ECON 4010 1-8 credits Consumer and Economic EducationThe structure and functioning of the American economic system, a review of the issues involved in current economic problems, a discussion of the problems and needs of consumer and economic education, and a review of the latest innovations and methods of teaching economics at the elementary and high school levels. Offered Various Semesters
ECON 4110 3 credits Management Science(Cross offered under Business Administration 4110) See BSAD 4110.
ECON 4330 3 credits International EconomicsA study of the major aspects of international trade, finance and commerical policy under changing world conditions. Subjects studied include various theories of international trade, HecksherOhlin 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: ECON 2130, ECON 2230 and junior standing. Offered Various Semesters GE: SS
ECON 4930 3 credits Senior SeminarCritical examination of select economic policy issues with active participation by Department of Economics faculty and other invited guests. P: junior standing. Recommended: ECON 2130 and ECON 2230. S GE: SS ECON 4940 1-4 credits Special ProblemsSupervised reading on selected economic problems. P: ECON 2130 and 2230, junior standing and approval of the department chairperson. Students may register for job orientation under this title. Appropriate forms must be filled out by students with approval of the instructor and the department chairperson. Offered Various Semesters GE: SS
ECON 4990 1-8 credits InternshipThe practical application of marketing, finance, management and economics through on-the-job training. May be repeated for credit up to a total of 8 credits. P: major in economics or business-economics comprehensive, junior standing and permission of the internship coordinator. Students may not enroll for more than 4 credits without permission of the dean of the college. Offered Various Semesters
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