Economics Econ 200 Principles of Microeconomics Prerequisite, none. Decision making with scarce resources, supply and demand concepts, pricing in competitive and non-competitive markets, capital theory, resource pricing, public choice, environmental economics, international trade, and comparative economic systems. (Offered every semester.) 3 credits. Econ 201 Principles of Macroeconomics Prerequisite, none. Theory of national income equilibrium and fluctuations, money and banking, monetary and fiscal policy, international trade, and foreign exchange rates. (Offered every semester.) 3 credits. Econ 314 United States Business and Economic History Prerequisite, general knowledge of American history, normally satisfied by American high school courses or a college survey course. The changing roles of entrepreneurs, business, the financial structure, and government in the United States from Colonial times to the present, with an emphasis on the 20th century. Focus of the course is on individuals who substantially changed the way Americans lived by creating new products, new technology or changed methods of operating. The course is suitable for business majors interested in entrepreneurship or economics, history majors, or general education social science requirements. (Offered spring semester, alternate years.) 3 credits. Econ 350 Intermediate Microeconomics Theory Prerequisites, Econ 200, 201, Mgsc 208. An intermediate course in microeconomics theory. Theory of demand derived from indifference curves and revealed preference. Supply analysis derived from cost and production functions. Product and resource pricing for both price seeking and price taking firms. Other topics covered include externality theory, game theory, and public choice. (Offered spring semester.) 3 credits. Econ 351 Intermediate Macroeconomic Theory Prerequisites, Econ 200, 201. Aggregate supply and demand curves, IS-LM and algebraic models are used to analyze classical, Keynesian, and modern theories of the economy, and the national and international implications of policy decisions. (Offered fall semester.) 3 credits. Econ 411 International Economics Prerequisites, Econ 200, 201. International trade policy, including effects of tariffs, quotas, subsidies, exchange control, and other trade restrictions upon a nation’s economy. Analysis of balance of payments. Causes and methods of correction of disequilibrium in the balance of payments. (Offered fall semester, alternate years.) 3 credits. Econ 441 Economic Development Prerequisites, Econ 200, 201. Theories of economic growth, interaction of culture and development, and obstacles to development. Geography and its relation to development. Problems of capital formation and technological transfers. Public and private sources of investment. Policies and programs to accelerate growth in underdeveloped areas. (Offered fall semester, alternate years.) 3 credits. Econ 448 Managerial Economics Prerequisites, Actg 210; Econ 200, 201; Mgsc 208, 309. Use and application of economic theory and statistics in the decision-making process. Cases and lectures. (Offered fall semester.) 3 credits. Econ 452 Econometrics Prerequisites, Econ 200, 201; Mgsc 208, 309. Mathematical and statistical tools to measure economic phenomena. This will involve mathematical formulation of economic theories and statistical inference relating economic theory to empirical analysis. (Offered spring semester.) 3 credits. Econ 460 Environmental and Natural Resources Economics Prerequisites, Econ 200, 201. Theories of environmental and natural resource economics will be examined both for allocative efficiency and for impacts on growth. The theory of public choice and the theory of market failure will be studied. Theory will be applied to renewable and nonrenewable resources and to pollution of air, water, and land. (Offered spring semester, alternate years.) 3 credits. Econ 496 Special Topics in Economics In-depth study of a specific area; content of course changes every semester. May be repeated once. 3 credits. Econ 499 Independent Study Prerequisite, approval of petition. For students who wish to pursue a special area of study not included in the curriculum. (Offered every semester.) 1-3 credits. Maximum 6 credits. Graduate Courses Econ 601 Economic Analysis for Business Decisions Emba 620 Economic Analysis and Policy Emba 621 Business and Public Policy Econ 696 Special Topics in Economics