Economics

ECON 1203          Principles of Microeconomics                                                                        3 cr.
Offered each semester. Prerequisites: MATH 1115 or higher and placement in ENGL 1157 or higher. Credit will not be given for both ECON 1203 and 2200. An introduction to the principles of economics; the economics of the firm, including market demand and the costs of production; the market structures of American capitalism; the pricing of products and employment of resources including the determinants of wages, interest, rents, and profits.

ECON 1204          Principles of Macroeconomics                                                                       3 cr.
Offered each semester. Prerequisite: prior or concurrent enrollment in ECON 1203. Credit will not be given for both ECON 1204 and 2200. An introduction to the theory of aggregate income, employment, and the price level; economic stabilization policies; economic growth and development; and international economics.

ECON 2000          Engineering Economics                                                                                  3 cr.
Offered each semester. (Not for credit toward a degree in business administration) Planning economic studies for decision making including considerations of rate of return, cost and yield studies, depreciation and tax relationships, increment costs, replacement, and introduction to multivariate alternative studies.

ECON 2221          Money and Banking                                                                                         3 cr.
Offered each semester. Prerequisite: ECON 1203, 1204, or 2200. A survey of money, commercial banking, financial institutions, the Federal Reserve System, and the formulation and execution of monetary and economic stabilization policy.

ECON 3000          Managerial Economics                                                                                    3 cr.
Prerequisite: ECON 1203. Particular concepts and corresponding analysis underlie managerial decisions and shape business strategies. This course deals with concepts rooted in economics and used in practical decisions made by business executives. In this way, the language and reasoning of executive decision making are developed. Emphasis is placed on language, concepts, and analysis embedded in current methods and techniques of executive and managerial decision making.

ECON 3292          Internship in Business and Economics                                                        3 cr.
Prerequisites: BA 2780 or equivalent, QMBE 2786 or equivalent, or consent of department. Student intern is engaged ten hours per week at the site of an assigned participating organization which directs the intern in a specific research project. Students wishing to take this course should apply a semester in advance since enrollment is limited by internships available.

ECON 3999          Special Topics in Economics                                                                         3 cr.
Prerequisite: Consent of Department. Topic will vary from semester to semester. (May be repeated once for credit.) The course content and materials will vary depending upon the professor and course title. Enrollment as well as when it is to be offered will be contingent upon same.

ECON 4250          Health Care Economics                                                                                   3 cr.
An overview of the major economic considerations in the health care industry. Emphasis on economic theory and empirical analysis with applications to health care markets, health care institutions, physicians, health insurance, and government health care programs and regulations.

ECON 4261          International Trade Theory                                                                             3 cr.
Prerequisite: ECON 1203 or 2200. An introduction to the classical and modern theories of international trade, international payments, and adjustment of international disequilibrium.

ECON 4291          Undergraduate Directed Individual Study                                                     3 cr.
(ECON 4291 and FIN 3391 are cross-listed)  Offered each semester. Prerequisites: Approval of the directed individual study by the department chair and the supervising professor is required prior to registration. The student should refer to the College of Business Administration Policy On Undergraduate Directed Individual Study available in the Department of Economics and Finance. This course is arranged individually in order to provide latitude for specialized study and research under the direction of a faculty member. Progress reports, readings, conferences, and a research paper are required. May be repeated.

ECON 4306          International Finance                                                                                      3 cr.
(ECON 4306 and FIN 4306 are cross-listed)  Prerequisite: ECON 1203 and 1204 or ECON 4400 and FIN 4400 or 3300. This course examines the financial operations of the firm from an international point of view. It draws upon topics such as exchange rate determination, foreign exchange exposures (risks) for the multinational firm and techniques to hedge such exposures, international bond, equity and currency markets, trade documentation, and international capital budgeting. This course will cover the following Candidate Body of Knowledge (CBOK) sections from the Chartered Financial Analyst CFA Program: CBOK Section III, J. International Finance. Students may not receive graduate credit for both ECON 4306, and FIN 6309.

ECON 4400          Economic Foundations for Managers                                                           3 cr.
Economic foundation needed for managerial decision making. Prepares students for graduate study in Business Administration. It deals with problems of scarcity and how choices made by individuals, businesses, and governments serve to address allocation questions that arise form scarcity. Not open to College of Business undergraduate majors or Liberal Arts economics majors. May not be taken for graduate credit. Students may not receive credit for both ECON 1203 and ECON 1204 and this course.

ECON 5261          International Trade Theory                                                                             3 cr.
Prerequisite: ECON 1203 or 2200. An introduction to the classical and modern theories of international trade, international payments, and adjustment of international disequilibrium.

ECON 5306          International Finance                                                                                      3 cr.
(ECON 4306 and FIN 4306 are cross-listed)  Prerequisite: ECON 1203 and 1204 or ECON 4400 and FIN 4400 or 3300. This course examines the financial operations of the firm from an international point of view. It draws upon topics such as exchange rate determination, foreign exchange exposures (risks) for the multinational firm and techniques to hedge such exposures, international bond, equity and currency markets, trade documentation, and international capital budgeting. This course will cover the following Candidate Body of Knowledge (CBOK) sections from the Chartered Financial Analyst CFA Program: CBOK Section III, J. International Finance. Students may not receive graduate credit for both ECON 4306, and FIN 6309.

ECON 6200          Managerial Economics                                                                                    3 cr.
Prerequisite: Economics 4400 or ECON 1203.  Economic concepts and analysis that underlie managerial decisions and shape business strategies.  Topics include basic economic concepts of demand, supply, production, cost and profit along with applications to strategies dealing with productivity, cost and profit improvement; price determination; vertical and horizontal boundaries of businesses; competitive analysis; and competitive advantage.

ECON 6203          Microeconomic Theory                                                                                   3 cr.
Prerequisite: QMBE 6280, or consent of department. Analysis of pricing and distribution under perfect and imperfect market structures, social welfare concepts, and other current microeconomic topics.

ECON 6204          Macroeconomic Theory                                                                                  3 cr.
Prerequisite: QMBE 6280 or consent of department. Analysis of Keynesian and classical models with comparative statics. Permanent and transitory shocks. New classical macroeconomic issues including signal extraction, policy ineffectiveness, observational equivalence, and Lucas's critique. Overlapping generations models and multiple equilibria. Growth theory with comparative dynamics.

ECON 6207          Seminar in Microeconomics                                                                           3 cr.
Prerequisite: ECON 6203. The course will use the models and concepts developed in ECON 6203 to examine the properties of general equilibrium in a market economy. Also the course will introduce state preference models and expose students to selected topics in production theory the economics of information and game theory.

ECON 6209          Economics of Risk and Uncertainty                                                              3 cr.
Prerequisites: ECON 6203. Methods used to introduce risk and uncertainty into various economic and financial models; analysis of behavior in individuals, firms and markets in risky situations.

ECON 6250          Health Care Economics                                                                                   3 cr.
An overview of the major economic considerations in the health care industry. Emphasis on economic theory and empirical analysis with applications to health care markets, health care institutions, physicians, health insurance, and government health care programs and regulations.

ECON 6292          Directed Individual Studies                                                                            3 cr.
Prerequisite: consent of department. This tutorial is arranged individually in order to provide latitude for specialized study and research. May be repeated for credit.

ECON 6294          Internship in Economics                                                                                 3 cr.
Prerequisite:  15 hours of MBA courses with at least a 3.0 GPA and consent of the department.  The student will work a minimum of 150 hours during the semester at the site of a participating organization that directs the intern in a specific economic project.  Students must in addition engage in extensive outside research in the subject area related to their internship and submit a substantial report on this research reflecting a graduate level of learning.  Enrollment is limited.  May not be repeated for credit.

ECON 6295          Special Topics in Economics                                                            1 min. cr. - 4 max. cr.
An intensive study of selected special topics in Economics. Topics will vary based on contemporary needs as dictated by the discipline as well as the interests of the students and the instructor. Section number will correspond with the number of credits to be earned. Course may be repeated up to 3 times as long as course content for each is different.

ECON 7040          Examination or Thesis Only                                                                            0 cr.
No credit. Open to students in a thesis program who have only (other than application for degree) the final typing and acceptance by the Graduate School of their thesis or dissertation or to students in a non-thesis program who have only (other than application for degree) to pass the final examination to complete graduation requirements.

ECON 7050          Dissertation Research                                                                        1 min. cr. - 9 max. cr.
(ECON 7050 and FIN 7050 are cross-listed)Preparation of dissertation by Ph.D. candidate under direction of major professor and dissertation committee. Section number will correspond with credit to be earned. To be repeated for credit until dissertation is accepted.

ECON 7051          Dissertation Workshop                                                                                    1 cr.
(ECON 7051 and FIN 7051 are cross-listed) Prerequisite: Consent of the department. This is a required course for all third year Ph. D. Students in Financial Economics. Students will present progress reports on their dissertation research for critique by faculty and other graduate students. Course may be repeated up to 5 times.