ECONOMICS COURSES

ECON 2307. Principles of Macroeconomics - Analysis of overall economic behavior pertaining to national income, employment, and the level of prices; money, banking, and monetary policy; government spending, taxation, and fiscal policy. Credit will not be awarded for ECON 2307 and ECON 4346.

ECON 2308. Principles of Microeconomics - Study of the economics of the firm, the industry, and the household; allocation of resources through the price system under varying degrees of competition; examination of the effect of wages, rent, interest, and profit. Applications to current economic problems. Credit will not be awarded for ECON 2308 and ECON 4346. Prerequisite: ECON 2307.

ECON 3307. Intermediate Macroeconomics - This course is a study of aggregate economic analysis from the perspective of different schools of thought. Consideration is also given to the effects of monetary and fiscal policy on such aggregate economic variables as income, prices, and economic growth. Prerequisites: ECON 2307 and ECON 2308, or equivalent, and junior standing.

ECON 3308. Intermediate Microeconomics - This course is an intermediate course in microeconomic theory. Particular emphasis is placed upon the theory of the consumer and firm. Market equilibrium conditions under perfect and imperfect competition are discussed. Prerequisites: ECON 2307 and ECON 2308, or equivalent, and junior standing.

ECON 5310. Managerial Economics - basic economic concepts and their application to
managerial decision-making; demand and cost analysis, forecasting, pricing decisions, capital budgeting and capital management, and decision-making under conditions of risk and uncertainty. Prerequisites: BUAD 5302.

ECON 3327. Economic Development - A survey of the theories of economic growth and
development including case studies of various countries. Prerequisites: ECON 2307.

ECON 3329. Labor Economics
- The attitudes and problems of the worker in economic society as they find expression in such forms of behavior as strikes, boycotts, and lockouts and various remedies such as benevolent employers, collective bargaining, government ownership of industry, political organization, and direct action. Prerequisites: ECON 2307 and ECON 2308, or equivalent, and junior standing.

ECON 3331. Environmental Economics - theories of externalities and public goods applied to pollution and environmental policy. Trade-off between production and environmental amenities. Assessing nonmarket value of environmental amenities. Remediation and clean-up policies, associated costs, and socially responsible practices. Environmental quality and economic development. Biodiversity management. Prerequisites: ECON 2307.

ECON 3343. International Economics - The causes and consequences of the international movement of goods and services. Comparative advantage, terms of trade, welfare effects, factor price and resource mobility implications are considered. The economics of tariffs, quotas and other artificial barriers to trade are considered. A consideration of international financial arrangements and the adequacy of international reserves and system of payments. Prerequisites: ECON 2307 and ECON 2308.

ECON 4343. History of Economic Thought - An examination of the evolution of economic
thought and theory from feudalism to mercantilism and physiocracy, to classical economics, to socialism and Marxism, to marginal and neoclassical economics. The influence of the times on economists and their theories will also be studied. Prerequisites: ECON 2307 and ECON 2308.

ECON 4344. Industrial Organization - A theoretical and empirical study of the structure,
conduct and performance of manufacturing firms and industries. Topics examined include economic concentration, scale economies, entry barriers, and collusive oligopoly practices. These topics will be used to evaluate how well American industrial performance meets societal goals. Prerequisites: ECON 2307 and ECON 2308.

ECON 4345. Public Finance - This course extends economic theory to the public sector of
the economy. In particular, it develops an economic theory of public expenditures and taxation at the federal, state, and local levels. Prerequisites: ECON 2307 and ECON 2308.

ECON 4346. Survey of Economics - A one-semester survey course covering macroeconomics and microeconomics. Credit will not be awarded for ECON 2307 or ECON 2308 and ECON 4346.

ECON 5310. Managerial Economics (MGMT 5310) - This course includes the development of basic economic concepts and their application to managerial decision-making. Major topics to be covered will include demand and cost analysis, forecasting, pricing decisions, capital budgeting and capital management, and decision-making under conditions of risk and uncertainty. Prerequisites: ECON 2307 and 2308, or ECON 4346; and BUAD 4335.