102-Households and Markets. Investigates how women's and men's roles in western and non-western society have changed over the last 150 years. Focuses on how much of that change is attributable to market impact on the way households order their lives and how much of that change is attributable to the impact of changing household dynamics on the way markets function. Examines non-market phenomena such as marriage, fertility, education of children, and the allocation of time. Looks at the family as a governance structure for economic activity by discussing family farms and family-managed firms. Compares the family as a governance structure to social constructs that allocate and distribute resources, including the market and government.(Also listed as Women's Studies 202.) (Meets the Alternative Perspectives: B requirement.) Intended for non-majors. No credit if taken after 150, 151, 152, or 160 and may not be counted towards either the economics or political economy majors. Taught in Chicago, ACM Newberry Program 1999-2000. 1 unit - Redmount.
104-Sustainable Development. Investigates the concept of sustainable development and, through a week of fieldwork, its regional application to appropriate management of a region within the American West. May involve additional expense. This course is intended for non-majors. No credit if taken after 150, 151, 152, or 160 and may not be counted towards either the economics or the political economy majors. (Not offered 1999-2000). 1 unit - Hecox
106-Intergenerational Equity: Budgets, Debt and Youth. Investigates the intergenerational issues of fairness, compassion and discipline that permeate the debate in the U.S. and other industrial countries about discretionary vs. mandatory entitlement expenditures and their impact on national debt that may become a burden on future generations. Reviews the expectations of people various ages have about the future of their economy and what government will do for them vs. what they must do for themselves. Explores the political economy of the government budget/national debt debate from the perspective of how retirees, baby boomers, and youth view the problem and its possible solutions. Intended for non-majors. No credit if taken after 150, 151, 152 or 160 and may not be counted towards either the economics or political economy majors. 1 unit - Hecox.
108-Water Resource Management. This course will examine current problems in water resource management at various scales-from local to international (transboundary) supply and quality issues. Aims to demonstrate on an introductory level the value of economic analysis in the context of other approaches for thinking about water resource issues. Intended ofr non-majors. No credit if taken after 150, 151, 152, or 160 and may not be counted towards either the economics or political economy majors. (January half-block.) 1/2 unit - Smith.
110-Topics in Economics and Business. Selected introductory topics in economics and business. Specific content and emphasis to be determined by the instructor. The purpose is to expose students to problems and trends in society which can be illuminated through application of basic tools and concepts drawn from economics and business fields. May be taught with emphasis on writing and speaking. Intended for non-majors. No credit if taken after 150, 151, 152, or 160 and may not be counted towards either the economics or political economy majors. 1 unit - Department.
151-Principles of Microeconomics. An introduction to the principles of microeconomics with emphasis on decision-making by households and firms, the way in which individual markets work, the distribution of income, and governmental impact on specific markets. 1 unit - Department.
152-Principles of Macroeconomics. An introduction to the principles of macroeconomics with emphasis on the behavior of economic aggregates such as total output, total employment, the price level, and the rate of economic growth; and government policies which affect them. 1 unit - Department.
160-Principles of Financial Accounting. An introduction to the fundamentals of the financial statements of corporations, including statement interpretation and analysis. Exposes students to economic decisions and their consequences as they relate to business activities, including operating, investing, and financial activities. 1 unit - Laux, Stimpert.
200-Methods I: Statistics. An introduction to descriptive and
inferential statistics including basic probability theory, distinctions
between population and sampling distributions, estimation of population
parameters, hypothesis testing and an introduction to nonparametric statistics.
Examples, problems, and labs are chosen to expose students to the kinds
of problems faced in Economics and Business. (No credit if taken
after Biology 220 or Mathematics 117.) Prerequisite: EC 150
(or 151 and 152). 1 unit - Department.
207-Intermediate Microeconomic Theory. A general theory of pricing for both the product and factor markets within the different market structures of pure competition, monopolistic competition, oligopoly and monopoly; the economic behavior of: (1) the individual or the household; (2) the firm; (3) the industry; and (4) the economy as a whole. The relationship between economic theory and public policy. May be offered with emphasis on calculus. Prerequisite: 150 (or 151 and 152) and Mathematics 125 or 126. 1 unit -Department.
209-Intermediate Macroeconomic Theory. Economic aggregates as they relate to the determination of income and employment, saving, investment and the rate of interest, wages, and prices. The Keynesian model and its implications for macroeconomic policies, especially monetary and fiscal policies, as a means of coping with problems of unemployment, inflation and economic growth. Some comparisons with the classical macro model and some extensions to recent growth theories. Prerequisite: 150 (or 151 and 152). 1 unit - Department.
301-Intermediate Accounting. Presentation and critical review of the elements of financial statements with concentration on accounting theory and interpretation by users. Addresses problems with income determination. Prerequisite: 160. (Offered in alternate years). 2 units - Laux.
303-Methods II: Research Methods. Examination of methods of analysis commonly used in economics and business. Emphasis on non-experimental and quasi-experimental designs necessitating the use of models. Topics include small sample and large sample methods, case studies, surveys, regression, and forecasting. Prerequisite: 150 (or 151 and 152); 160; 200 (or Mathematics 117 or Biology 220). 1/2 unit - Department.
304-The Legal Environment of Business. The effects of law on production and trade. Emphasis on Anglo-American laws of property, contract and agency. The Constitution as an economic document, the employment contract and individual rights, the legal responsibilities of managers and corporate directors, the legal protection of consumers, and property and the environment. 1 unit - Samelson.
306-Industrial Organization. Problems of competition and coordination among firms in the market at large, including the dynamics of monopoly, oligopoly, monopolistic competition and such practices as price discrimination, tying and bundling, product differentiation. Examination of the rationales behind antitrust legislation and regulation. May include field trip. Prerequisite: 150 (or 151 and 152). 1 unit - Redmount.
307-Managerial Accounting. Principles and problems of assembling, recording, and interpreting cost data for manufacturing and service firms. Introduces various costing systems, including activity based and standard costing systems, with emphasis on the economic decisions managers make using this accounting data and the potential impact on employee behavior. Prerequisite: 160. 1 unit - Laux.
311-Monetary Theory and Policy. The analysis of money and monetary systems, with an emphasis on history, theory and central banking policy. Prerequisite: 150 (or 151 and 152). 1 unit - Paich.
314-The Economics of Organization. Internal organization of the firm, how incentive structures and problems in contracting and coordination affect patterns of ownership, financial structure, vertical and horizontal integration and internal labor markets. Prerequisite: 150 (or 151 and 152); 160. 1 unit Paich, Redmount.
316-Theory of Business Finance. The need for sources and effective utilization of funds by business enterprises. Prerequisite: 150 (or 151 and 152) and 211. 1 unit - Laux.
317-Investments. Elements of sound investment; comparison of types of investments; tests of investment quality. Relation of investment to the business cycle. Marketability; effects of government regulation. Analysis of securities; investment forecasting. Prerequisite: 160. 1 unit - Paich.
320-Entrepreneurship. How, why, and by whom firms are brought into being, the role that production, information, and transactions costs and risk and uncertainty play in the process of firm entry and exit. May include field trip. Prerequisite: 150 (or 151 and 152); 160. 1 unit - Frum.
324-Business and Society. An examination of the institutions, operations, and philosophical foundations of business and the social, political and natural environment in which it grew. Emphasis is on the interrelationships of historical foundations of contemporary problems. Prerequisite: 150 (or 151 and 152). (Not offered 1999-2000). 1 unit - Laux, Stimpert.
330-Public Finance. The economic aspects of public revenues, expenditures and debt; the different types of taxes; the interrelationship between the activity of the private and public economy. Prerequisite: 150 (or 151 and 152). 1 unit - Griffiths.
331-Business Organization and Management. Analysis of underlying principles of sound organization and management in contemporary business enterprises. Management problems; principles and methods of planning and developing the organization; departmental functions in production, sales, finance and personnel; control methods; personnel policies and practices. Prerequisite: 160. 1 unit - Paich, Stimpert.
333 - History of Economic Thought. Survey of the major theories and theorists in the history of economic thought. Focuses on the perceived principal problems of a particular period, as well as the proposed policy solutions to it. Examines the development of analysis as well as of analytical tools and the evolution of economics from political economy. Prerequisite: EC 150 (or 151 and 152). 1 unit - Kapuria-Foreman.
334-Comparative Economic Systems. Comparison of the nature and operation of modern economic systems, emphasizing structural and policy differences and similarities as well as differences of economic ideology. Emphasis given to contemporary capitalist economies, as well as economies in transition from central planning. Prerequisite: 150 (or 151 and 152). 1 unit - Rittenberg.
335-Environmental Economics. The relation between economic organization and environmental quality. Factors inherent in economic systems which generate environmental debasement and which limit the success of internally generated corrective measures. Required field trip third week. Prerequisite: 150 (or 151 and 152). 1 unit - Smith (with Klassen).
336-Economics of Labor. Problems of employment of labor from the standpoint of employees, employers and society including the following: economic analysis of trade unions; union types, theories, policies, methods and weapons; company and union public relations. Prerequisite: 150 (or 151 and 152), Junior standing. (Not offered 1999-2000) 1 unit - Redmount.
337-Economic Development. Examines various attempts by Third World countries to achieve higher standards of living; emphasizes the theoretical and policy approaches adopted in both the domestic and international spheres. (Meets the Alternative Perspectives B: requirement.) Prerequisite: 150 (or 151 and 152). 1 unit - Kapuria-Foreman.
342-Economics of International Trade. Historical and economic analysis of foreign trade; theories of international trade; commercial policies and economic integration; changing patterns of trade; regional and world trade organizations. Prerequisite: 150 (or 151 and 152). 1 unit - Hecox.
344-Economics of International Finance. Historical and economic analysis of international financial arrangements; theories of foreign exchange, balance of payments and adjustment mechanisms; alternative world monetary systems in theory and practice; proposals for monetary reform; regional and world financial organization. Prerequisite: 150 (or 151 and 152). 1 unit - Hecox.
350-The Regional Economics of Western America. A study of regional economic input-output models, theories of regional and community development, export base diversity, resource-based economies, basic and non-basic industries, and regional definition with an emphasis on the unique problems and situations faced by Western America. Prerequisite: 150 (or 151 and 152). (Not offered 1999-2000). 1 unit - Weida.
370-Contemporary Issues. A half-unit topics course intended to explore issues of current public or professional interest generating widespread debate, May be taught extended format or as a half block course. Prerequisite: 150 (or 151 and 152) or consent of instructor. No credits as an Economics elective if taken before 150 (or 151 and 152). (Not offered 1999-2000). 1/2 unit - Department.
375 - Introduction to International Political Economy. Examination of classic and modern conceptions of political economy. Emphasis on understanding theory and applying it to explain political and economic outcomes within states and among states in the international arena. Open to International Political Economy majors and to others with consent of instructor. Prerequisite: EC 150 (or 151 and 152) and PS 103 or 201 or Consent of Instructor. (Also listed as Political Science 375.) 1 unit - Rittenberg, Cook.
380-Directed readings in Economics and Business. Student readings of works selected by faculty member around a common problem or focus important to the discipline which is not covered directly by regular courses. Intensive research, writing, discussion, and oral reporting of ideas related to the assigned readings. Independent student work and initiative. Prerequisite: 150 (or 151 and 152), junior standing, major in Economics or Political Economy or consent of instructor. May be taught as an extended year-long course. (Not offered 1999-2000). 1 unit - Department.
390-Advanced Topics in Economics. Selected topics in the study of economics. Specific content and emphasis are developed by the instructor. (Topics and emphasis will relate to economic development, labor economics, macro theory, environmental economics, governmental regulation of business and similar aspects of economics.) Prerequisite: 150 (or 151 and 152) and consent of instructor. Preference to economics majors.
404-Natural Resource Economics. The study of the economic principles guiding the use of natural resources; i.e., availability, exploitation, conservation, preservation, and management. Specific attention to issues of renewable versus non-renewable resources, energy, common property problems, irreversible decisions, preservation of habitat (biodiversity) and sustainability. required field trip third week. Prerequisite: 200 or 335. 1 unit - Smith (with Howe).
405-Business Policy & Strategy. The role of general managers in creating and sustaining competitive advantage. Applies microeconomic principles and organization theory to study how managers position their firms in ever-changing competitive arenas, marshal scarce resources to develop competencies, and design structures that promote learning and efficient flows of knowledge and information. Prerequisite: 150 (or 151 and 152); 160. 1 unit - Stimpert (with Skilling).
408-Econometrics. The use of statistical and mathematical techniques in the analysis of economic models. Macro and micro economic applications. Prerequisite: 150 (or 151 and 152). 1 unit - Kapuria-Foreman, Weida.
413-Economic Analysis of Law. The application of economic theory in the analysis of legal doctrines and institutions. An examination of effects on the allocation of resources of common law rules having to do with property, contract and torts. The Constitution as an economic document. The economics of market regulation, law enforcement and crime control. Prerequisite: 150 (or 151 and 152). 1 unit - Griffiths.
420-Joint Faculty/Student Research in Economics and Business. Cooperation between advanced students and faculty on an individual basis to pursue jointly research on a selected topic. The student will be responsible for a share of the research, discussion of the findings and significance, and preparation of a paper reflecting the procedures and findings of the investigation. Prerequisite: Senior standing, major in Economics or Political Economy, and consent of instructor. May be taught as an extended year-long course. 1 unit - Department.
440-Independent Study in Economics and Business. A project normally organized around preparation of a substantial paper or project. Proposed and carried out at student initiative, under supervision of a department faculty member, in an area in which the student has already completed basic course work and which extends the student's knowledge beyond regularly offered courses. Prerequisite: Junior or senior major in Economics or Political Economy, and consent of instructor. May be taught as an extended year-long course. 1 unit - Department.
470-Seminar in International Political Economy. An examination, by means of selected problems and concepts, of the relation between politics and economics to the end of clarifying the object of study in the field of political economy and its relation to the fields of political science and economics. Open to political economy majors, and to others with consent of instructor. (Also listed as Political Science 470.) 1 unit - Lee and Rittenberg.
485-Field Seminar. A travel and research opportunity on selected economics, business or political economy topics intended to provide a learning experience in an off campus setting. Open to junior or senior majors in Economics or political economy having completed Principles of Economics, an intermediate theory course (micro or macroeconomics), statistics, and additional prerequisites determined by the instructor relevant to the selected topic. Admission to the course by petition to the department and consent of the instructor. Majors from other departments will also be considered with strong interest and preparation in the topic area. Offered alternate years. May involve extra expense. The Hilliard-Paich Fund will provide a stipend for travel expenses to all students. For those needing assistance in covering the extra expenses, financial aid will also be available from this fund. Enrollment limit based on resources available for the selected topic. Prerequisite: consent of instructor. (Not offered 1999-2000). 1/2 or 1 unit - Department.
497-Senior Thesis in American political Economy. Thesis in American Political Economy on approved topic. Optional for majors in American political Economy, upon application to, and approval of, the departments of Political Science and Economics and Business. (Also listed as Political Science 490). Prerequisites: American Political Economy major; senior standing and consent of department. 2 units (one in each of the two departments) - Department.
498 - Senior Thesis in International Political Economy. Thesis in international political economy on approved topic. Prerequisites: 200 (or Mathematics 117 or Biology 220), 207 or 209, 375, major in International Political Economy. 2 units - Department.
499-Senior Thesis. Thesis on approved subject of student's choice based on elective taken at 300 or 400 level. No classes but periodic conferences between student and supervisor. Prerequisite: 207, 209, 303, plus one elective at 300 or 400 level; Economics major and Departmental consent. 2 units - Department.