Economics (ECON)

Business Core Courses

ECON B100 Principles of Microeconomics 3 crs.

This course is an introduction to economic analysis: efficiency and equity; production and exchange; costs, supply, and demand; markets, organizations, and government; competition, cooperation, and coercion; and international trade.

Co- / prerequisite: College math (proficiency level), or 690 SAT Math, or 29 ACT Math

ECON B101 Principles of Macroeconomics 3 crs.

This course is an introduction to various theories of inflation and unemployment; economic growth; money, banking, and financial intermediation; interest rates; business cycles; exchange rates, trade balances, and the balance of payments; deficits and the national debt; monetary, fiscal, exchange rate, income, and regulatory policies; and national income, product, and international payments accounting.

Prerequisites: ECON B100

Major + Minor Courses

Economics majors and minors must earn a grade of C or above in the relevant prerequisite courses to fulfill the prerequisite requirements marked * below.

ECON B205 Intermediate Microeconomics 3 crs.

This course is an analysis of market and firm coordination; the theory of consumer behavior and demand; the theory of supply; competition; the pricing of goods and resources; and government policies.

Prerequisites: MATH A116 or A257, ECON B100*, ECON B101*, sophomore standing

ECON B206 Intermediate Macroeconomics 3 crs.

This course considers various theories concerning the functioning of the macroeconomy: Classical and PreKeynesian, Keynesian and the Neoclassical Synthesis, Monetarism, Supply-Side, Fisher's Debt-Deflation Theory, Post Keynesian including Minsky's Financial Instability Hypothesis, and Austrian. Also covered briefly are Rational Expectations, Real Business Cycles, New Keynesianism, and Dynamic Stochastic General Equilibrium theories.

Prerequisites: MATH A116 or A257, ECON B205*, sophomore standing

ECON B305 International Economics 3 crs.

This course considers exchange rate systems; international monetary arrangements; adjustments in international disequilibrium situations; relationships among rates of exchange, inflation, interest, and unemployment; and domestic and international economic policies. It also considers various theories of competitive advantage in international trade, the nature and effects of commercial policies, and international economic integration.

Prerequisites: ECON B205*, ECON B206*; junior standing

Cross-listing: INTB B305

ECON B325 The Market Process 3 crs.

This course serves as an introduction to subjectivist economics. Primary emphasis is on the Austrian School. Topics covered include history and methodology; the market process and intervention; capital and interest; money, credit, and the financial system; and business cycles.

Prerequisites: ECON B205*, ECON B206*; junior standing

ECON B330 Law + Economics 3 crs.

This course is an economic analysis used to consider the effects of legal rules upon people’s actions. Alternative rules are considered, with particular attention paid to the differing effects each is likely to have on the structure of incentives, and thus on human actions.

Prerequisites: ECON B205*, ECON B206*; junior standing

ECON B335 Economic Development 3 crs.

This course considers the disparity of material well-being among the masses of people in different countries. Topics include causes of poverty and wealth; nature of economic growth; the roles of the state, markets, and social and cultural institutions in economic development.

Prerequisites: ECON B205*, ECON B206*; junior standing

Cross-listing: INTB B335

ECON B340 History of Economic Thought 3 crs.

This course discusses the origins and evolution of the history of economic ideas and theories. Topics may include ancient and medieval thought, Roman and early Christian thought, the mercantilists, the physiocrats, Adam Smith and the Classical economists, Karl Marx, the marginal revolution, the Keynesian revolution, and contemporary economics.

Prerequisites: ECON B205*, ECON B206*; junior standing

ECON B345 Labor Economics 3 crs.

This course is an overview of diverse topics in economics which deal specifically with labor market issues. Topics include the supply and demand of labor; human capital theory; migration and mobility; the job search process; employment and unemployment; unions; compensation issues; discrimination; and earnings and income distribution.

Prerequisites: ECON B205*, ECON B206*; junior standing

ECON B350 Industrial Organization + Public Policy 3 crs.

This class investigates the nature of firms and industries: why firms exist and why firms have diverse organizational structures; why industry structures differ; competition and monopoly; firm behavior; transaction cost theory; and the effects of antitrust policy.

Prerequisites: ECON B205*, ECON B206*; junior standing

ECON B360 Econometrics 3 crs.

This is an intermediate level statistics course. After a brief overview of statistics, the course covers least squares estimation, inference, diagnostic methods, forecasting and forecast evaluation, and simultaneous equations estimation. The course focuses more on applied work than on its theoretical underpinnings. Students are actively involved with computer exercises in this course, using the STATA software program. 

Prerequisites: DECS B205, ECON B205*, ECON B206*; junior standing

ECON B493 Special Topics in Economics 3 crs.

Prerequisites: ECON B205*, ECON B206*; junior standing

ECON B499 Independent Study in Economics 3 crs.

Prerequisites: ECON B205*, ECON B206*; junior standing, overall GPA of 2.0

See description in College of Business overview

University Honors Courses

ECON H295 Honors Topics in Economics 3 crs.