## Economics

- ECON 1000Economics in Everyday LifeThis course is an introduction to economic concepts, analysis, and issues for non-majors. ECON 1000 does not substitute for ECON 1001 or ECON 1002. Students who have already completed ECON 1001 or ECON 1002 may not take ECON 1000 for credit.
- ECON 1001Prin of MicroeconomicsPrerequisite: MATH 1030. Introduction to the determinants of household demand, production and cost, and market prices. Applies the principles of individual decision-making behavior to understanding goods, services and resource markets.
- ECON 1002Prin of MacroeconomicsPrerequisite: MATH 1030 and ECON 1001. Introduction to the determination of levels of and changes in aggregate income, output, employment and prices. Applies economic principles of choice to the formulation and achievement of public policies that affect national employment, income distribution, and economic growth.
- ECON 3001Intermediate MicroeconomicsPrerequisite: MATH 1030 and ECON 1001. Analysis of prices in terms of equilibrium of the business firm and consumer demand in markets of varying degrees of competition.
- ECON 3100Economic Data and StatisticsPrerequisite: MATH 1030, ECON 1001, and ECON 1002. This course is an introduction to economic data sources, data interpretation, and statistical inference as used in economic analysis. It emphasizes the testing of economic hypotheses and the development and estimation of economic models. Students will be introduced to statistical software used in economics.
- ECON 3300Intrntl Economic AnalysPrerequisite: ECON 1001. Introduction to the theories of international trade and factor movements including determinants of trade, the effects of trade on sectors and on overall economic performance, trade restrictions, and balance of payments and exchange rates. Discussion of current institutions and economic developments in the global economy.
- ECON 4100Intro to EconometricsPrerequisites: ECON 1001 and ECON 1002; ECON 3100 or MATH 1320 or SCMA 3300; MATH 1800 or MATH 1100. An introduction to quantitative analysis of economic behavior. The ordinary least squares technique and the assumptions underlying it are developed. Methods designed to detect and correct for the violations of these assumptions are examined. Special emphasis is given to the practical application of the procedures discussed through the use of computer exercises.
- ECON 4130Bus and Econ ForecastingPrerequisites: ECON 4100 or equivalent. Alternative forcasting methodologies for economic time series will be analyzed and discussed. The focus of the course will be: (1) the development of time-series (ARIMA) models and their application to forcasting; (2) the use of standard econometric models for forecasting; and (3) evaluation and comparison of these methods and the conditions under which each is the appropriate methodology. This course includes laboratory work in quantitative economic analysis.
- ECON 4150Mathematical EconPrerequisites: MATH 1800 or MATH 1100, ECON 3001. This course uses calculus and other mathematical tools to analyze economic phenomena. In addition to exploring techniques used to solve unconstrained and constrained optimization problems, the course also examines how matrix algebra is used in economic modeling. This course allows students to mathematically analyze economic models which receive graphical treatment in lower level courses. Students may not receive credit for both ECON 4150 and ECON 5150.
- ECON 4200Monetary Theory and PolicyPrerequisites: ECON 3001. This course examines how monetary policy has affected the economy in the past and how it can improve economic performance in the future. Topics include the definition of inflation, inflation policy, inflation rate targeting, the Bretton Woods gold standard, monetary regimes with metallic standards, the effect of money on oil and gold prices, the Phillips curve and its use in monetary and macroeconomics, and the origin of central banks and bank insurance policy. Students may not receive credit for both ECON 4200 and ECON 5200.
- ECON 4990Internship in Appl EconPrerequisites: ECON 3001, junior standing and consent of instructor. This course is an independent study involving work with an appropriate private firm or public agency. A maximum of six hours may be earned, only three of which may be applied to the Economics major.
- ECON 5130Adv Top Bus & Ec ForecasPrerequisites: ECON 3001 or BUS AD 5001; ECON 3002 or BUS AD 5002; ECON 4150; ECON 4100 or SCMA 5300. This course develops the alternative techniques which are used to forecast economic time series. Each forecasting technique will be evaluated in terms of its theoretical soundness and predictive track record. Students will also learn to use these techniques to differentiate among competing economic models.
- ECON 5150Math Methods for EconomicsPrerequisites: MATH 1100 or MATH 1800, ECON 3001. This course presents the mathematics used in economics at an advanced level. Subjects covered include multivariate calculus, linear algebra, comparative statics, and unconstrained and constrained optimization. Emphasis is placed on the interpretation of mathematical results in economic terms. Students may not receive credit for both ECON 4150 and ECON 5150. This course may not be used by Economics students to meet M.A. degree requirements.
- ECON 5200Adv Monetary Theory & PolicyPrerequisites: ECON 3001.This course examines how monetary policy has affected the economy in the past and how it can improve economic performance in the future. Topics include the definition of inflation, inflation policy, inflation rate targeting, the Bretton Woods gold standard, monetary regimes with metallic standards, the effect of money on oil and gold prices, the Phillips curve and its use in monetary and macroeconomics, and the origin of central banks and bank insurance policy. Students may not receive credit for both ECON 4200 and ECON 5200.