Undergraduates: Economics Elective Courses
The following classes may be taken to fulfill the economics elective requirement of the Economics major or Business Economics major.
Please note: Check each quarter's schedule for availability of a class. Not every class will be offered every quarter. Check with the instructor for pre-requisities or permission to waive pre-requisites. Check the University catalog for more complete information.
ECON 201 Introduction to Game Theory
Analysis of strategic interactions where the actions of the players affect each others' payoffs. Topics include repeated games, games of incomplete and asymmetric information, games where players use strategic moves (commitments, threats and promises), the collective action problem that arises in many-player games.
ECON 213 Current Economic Problems
Application of economic theory to current economic problems with emphasis on public policy implications. Topics vary.
ECON 240 Introduction to International Economics
Absolute and comparative advantage, trade policies, exchange rates and other topics.
ECON 302 Introduction to Behavioral Economics
Applies scientific research on human and social cognitive and emotional patterns to better understand economic decisions and how they affect market prices, returns and the allocation of resources. The fields are primarily concerned with the rationality, or lack thereof, of economic agents.
ECON 313 Economics of the Environment
Economic analysis of such environmental matters as air, water, and noise pollution, population growth, and land use. Emphasis placed on use of economic theory and empirical research in evaluating environmental policies.
ECON 314 Natural Resource Economics
Explores the economic aspects involved in the extraction and utilization of both renewable and nonrenewable natural resources. Topics include the economics of oil and mineral extraction, groundwater use, agricultural practices, forestry, and fisheries. Allocation of property rights and economic benefits and costs of natural resource use are also examined.
ECON 315 Economics of Health Care
Demand for medical care, supply behavior of profit and nonprofit agencies, market structure, adverse selection, public and private health insurance. Additional topics, which may vary.
ECON 316 Economics and the Law
Major topics are property, contracts, and torts. Class time is divided between economic analysis of these topics in the abstract and actual legal cases that involve these topics.
ECON 320 Labor Economics
Demand for labor, supply of labor, household production, compensating wage differentials, education and training, discrimination, unions, and unemployment.
ECON 322 Economics of Human Resources
Investigation of the decisions individuals and families make regarding education, marriage, fertility, labor supply, and child care, as well as the effects of public policy on these decisions.
ECON 332 Industrial Organization
Market structures, market conduct, and social performance of industries. Emphasis upon firms' strategic behavior in price and nonprice competition. Topics include oligopolistic pricing, strategic entry deterrence, location strategies, product quality, advertising, and research and development. Economic welfare implications of firms' behavior examined.
ECON 334 Economics of Antitrust Law
Introduction to the behavior of firms that operate in imperfectly competitive markets and the antitrust laws that regulate this behavior.
ECON 335 Economics of Energy
Applies economic theory to analyzing public policy issues regarding energy production and use--including such topics as price controls, import dependency, conservation, supply outlook, and industry concentration.
ECON 337 Government Regulation of Business
Why does the government regulate business? Reasons include the inefficiencies of market power, considerations of fairness, excessive competition, natural monopoly, externalities, and reducing transactions costs.
ECON 340 International Trade
International trade patterns, theories of absolute and comparative advantage, classical and modern trade theory, tariffs, quotas, nontariff barriers, preferential trading arrangements.
ECON 341 International Monetary Systems
How exchange rates are determined, fixed vs. flexible rates, government intervention, fiscal and monetary policy in open economy, transmission of inflation and unemployment among nations, international capital movements, covered interest arbitrage, forward exchange, Eurocurrency markets.
ECON 342 International Economic Policy
Current economic developments of foreign and U.S. economic policy. Commercial treaties and tariff policy; exchange rate instability; balance of payments problems including LDC debt situation; international liquidity issues; trade relations among industrial, underdeveloped, and Soviet-bloc countries; multinational corporations; roles of institutions such as the World Bank, International Monetary Fund, and GATT.
ECON 343 Financial Economics
In a free economy, income earners' savings flow directly and through intermediaries to investors who use the proceeds to increase capital, the engine of growth. Intermediaries such as banks, brokers, and exchanges, create instruments such as equities, bonds, mutual fund shares, and their derivatives, which trade in secondary markets. This course examines the interrelationships between institutions, instruments, participants, strategies, and markets.
ECON 350 Economic Development
This course examines classic and modern theories of economic development and growth focusing on applications to the developing world. Special topics may include debt, trade, reform, foreign investment, education, health, the role of the state, and international aid.
ECON 351 Agricultural Development
Patterns of agricultural development: technological and demographic changes in agriculture; socioeconomic problems; marketing arrangements; case studies of specific agricultural development projects.
ECON 352 Economic History of the United States
Economic factors in development of U.S., including historical growth of economic institutions such as banking, manufacturing, labor unions, and agriculture, from colonial times to present.
ECON 353 European Economic History
Economic growth of developed countries. Focus on industrial revolutions in Great Britain, France, Germany, and the former Soviet Union. Historical experience of these countries related to various theories of economic change.
ECON 354 Latin American Economic History
Economics of Latin American countries, including emergence of free markets, development of agriculture and tourism, and other topics.
ECON 360 Money and Banking
Role of money and banking system in determination of national income and output. Monetary theory and policy emphasized.
ECON 370 Comparative Economic Systems
Theoretical and institutional characteristics of capitalism and socialism with specific emphasis on prevailing economic systems in U.S., Great Britain, and the former Soviet Union.
ECON 371 Economics of Project Planning
Application of cost-benefit analysis, including pricing of non-market costs and benefits. Applications to developing countries, the environment and other project evaluation.
ECON 372 Economics of the Former Soviet Union
Introduction to the economics of the former Soviet Union, including privatization, oligopolies and the energy industry.
ECON 382 Economic Analysis with Statistical Packages
Uses real-life small and large data sets and applys software procedures to conduct statistical and finacial analysis of economic and business data. Interpretation of statistical output of estimated functions and written reports for rational decision-making by using business and economic analysis. Statistical packages used may vary.
ECON 406 Monetary Theory and Policy
Emphasis on monetary economics. Money demand and supply theory and policies for minimizing cyclical fluctuations in economic activity.
ECON 415 Regional Economic Analysis
Regional economics is concerned with analytical approaches to problems that are specifically urban, rural, or regional. Topics in regional science include, but are not limited to location theory or spatial economics, location modeling, transportation, migration analysis, land use and urban development, interindustry analysis, environmental and ecological analysis, resource management, urban and regional policy analysis, geographical information systems, and spatial data analysis.
ECON 425 Public Policy Economics
Survey of economic approach to analyzing public policy issues. Uses concepts of welfare economics, public choice economics, and cost-benefit analysis, as applied to sample of policy subjects.
ECON 430 Public Finance
Role played by government as user of economic resources and redistributor of incomes. Some questions explored: need for government's entry into economy, optimal size of government, selection of tax and expenditures schemes, and effects of government economic activity on private sector.
ECON 431 Economics of Transportation
Economics of transport pricing; regulations of transport and national transport policy.
ECON 444 Futures Markets
Contracts, trading, institutions, and strategies, including hedging and speculation.
ECON 455 African Economic Development
Economic characteristics of African societies as traditional economies and in process of modernization.
ECON 474 Economics of Latin America
Economics of Latin American countries, prospects for economic development of the region, nature and origin of institutional obstacles to economic change. Economic heritage of colonial period and subsequent evolution of economic institutions, resources of the area and utilization, and trends in economic activity and policy in post-WWII period.
ECON 475 The Chinese Economy
Introduction to the economics of the modern Chinese economy.
ECON 476 Economics of Korea, Japan and SouthEast Asia
Economics of Korea, Japan and SouthEast Asia, including trade, exchange rates and industrial policies.
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