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Maxwell School
Maxwell / Department of Economics

Undergraduate Program

Course Descriptions

Fall Class Schedule

Spring Class Schedule 

Summer Class Schedule

ECN 101 Introductory Microeconomics 3 IR
Introduction to microeconomics. Consumer demand, theory of production, markets and prices, social welfare, and related topics. Credit is given for either ECN 101, 102 or ECN 203.  

ECN 102 Introductory Macroeconomics 3 IR
Introduction to concepts and methods of economic analysis. Emphasis on such macroeconomic topics as gross domestic product, unemployment, money, and theory of national income. Credit is given for either ECN 101,102 or ECN 203.  

ECN 203 Economic Ideas and Issues 3 S
Foundation of modern Western economic thought. The model economists have built on this foundation as applied to current issues facing individuals and society. Credit is given for either ECN 203 or ECN 101, 102.  

ECN 270 Experience Credit 1-6 S
Participation in a discipline- or subject-related experience. Students must be evaluated by written or oral reports or an examination. Limited to those in good academic standing.

ECN 290 Independent Study 1-6 S
In-depth exploration of a problem or problems.  Individual independent study upon a plan submitted by the student. Admission by consent of supervising instructor or instructors and the department. 

ECN 300 Selected Topics 1-3 IR
Exploration of a topic (to be determined) not covered by the standard curriculum but of interest to faculty and students in a particular semester.
PREREQ: (ECN 101 AND 102) OR 203.

ECN 301 Intermediate Microeconomics 3 S
Concepts and tools for the analysis of the behavior of consumers and firms, consumption decisions, market structures, and general equilibrium. Pricing, production, purchasing, and employment policies. Both ECN 301 and 311 cannot be counted toward the major/minor. Credit cannot be given for ECN 301 after completing ECN 311. Quantitative skills requirements of liberal arts core recommended.
PREREQ: (ECN 101 AND 102) OR 203. 

ECN 302 Intermediate Macroeconomics 3 S
National product and income concepts, measurements, and relationships; interrelationships of the major segments of the national economy; forces affecting the general level of economic activity. Quantitative skills requirements of liberal arts core recommended.
PREREQ: (ECN 101 AND 102) OR 203.  

ECN 304 The Economics of Social Issues 3 Y
Application of tools developed in introductory economics to current issues facing society including, but not limited to: crime, education, farm policy, alcohol/tobacco/drugs, the environment, health care, poverty/inequality, immigration and discrimination.
PREREQ: (ECN 101 AND 102) OR 203.  

ECN 305 Economics of Personal Finance 3 Y
This introductory course applies fundamental economic and financial concepts qualitatively to cover aspects of consumer personal finance, including record keeping, banking, saving, borrowing, using credit, investing, insurance, doing taxes, retirement, and end-of-life considerations. Students may not receive credit for both ECN 305 and FIN 378.
PREREQ: ECN 203. 

ECN 310 Special Topics In Economics 3 IR
Various special topics of economic issues offered as available.
PREREQ: (ECN 101 AND 102) OR 203.

ECN 311 Intermediate Mathematical Microeconomics 3 Y
Covers the same topics as covered in ECN 301, but the presentation is more mathematical than ECN 301. Both ECN 301 and 311 cannot be counted towards the major/minor. Credit cannot be given for ECN 301 after completing ECN 311.
PREREQ: ((ECN 101 AND 102) OR ECN 203) AND (MAT 295 OR MAT 296).  

ECN 365 The World Economy 3 S
Non-technical introduction to analysis of international economic issues. Protectionism, the multinational firm, the debt crisis, international macroeconomic policy coordination, and European integration. May not be used to satisfy the economics major upper-division elective requirement.
PREREQ: (ECN 101 AND 102) OR 203.  

ECN 367 Economics of Globalization 3 Y
Globalization history; trends; trade pattern determinants; gains from trade; protectionism; trade’s impact on labor, poverty, environment etc.; foreign direct investment; offshoring; trade policy formulation; trade agreements; fair trade; immigration; arguments for and against “leaner” globalization. 
PREREQ: ECN 203 OR (ECN 101 AND ECN 102 )

ECN 390 Independent Study 1-6
Exploration of a problem, or problems, in depth. Individual independent study upon a plan submitted by the student. Admission by consent of supervising instructor(s) and the department.
PREREQ: (ECN 101 AND 102) OR 203.

ECN 400 Selected Topics 1-3 IR
Exploration of a topic (to be determined) not covered by the standard curriculum but of interest to faculty and students in a particular semester.

ECN 410 Topics in Economic Applications 3 IR
Various topics in economic policy and applications.
PREREQ: (ECN 301 OR 311) AND 302.

ECN 421 Game Theory and Economic Strategy 3 Y
A choice by one economic agent typically affects other economic agents. This course teaches concepts useful in predicting how agents behave in such strategic situations. The focus is on applications in economics and other areas.
PREREQ: (ECN 301 OR 311) AND (MAT 284 OR 285 OR 295 OR 296).

ECN 422 Introduction to Statistics and Econometrics 3 Y
Basic theory and application of probability, statistical inference, and regression analysis for economics majors. Designed to expose the student to the statistical techniques economists use in estimating, testing, and forecasting economic relationships. 
PREREQ: (ECN 301 OR 311) AND ECN 302.

ECN 431 Public Economics 3 Y
Theory of the public sector. Government expenditures, revenue, and debt. Intergovernmental fiscal relations. Government contributions to stabilization and growth. Interaction of public and private sectors.
PREREQ: ECN 301 OR 311.  

ECN 437 Environmental and Resource Economics 3 Y
Optimal use of exhaustible and renewable resources and pollution. Examines energy sources, environmental amenities and water. Pollution control policies examined include emissions taxes, tradable permits, direct regulation, subsidies, and negotiation. Valuing environmental quality and other non-marketed goods; risk assessment, hedonic pricing and contingent valuation.
PREREQ: ECN 301 OR 311.  

ECN 441 Urban Economics 3 Y
Theoretical and empirical analyses of growth, structure, and resource allocation in urban regions. Selected urban problems: housing and housing finance; poverty; transportational neighborhood degradation; and financing local public services.
PREREQ: ECN 301 OR 311.  

ECN 443 Real Estate Economics and Finance 3 Y
Analysis of real estate markets & real estate finance. Consideration of land and mortgage markets; public policies; house price movements. Analysis of mortgage instruments; payment streams, mortgage contracts and risk between lenders and borrowers.
PREREQ: ECN 301 OR 311.  

ECN 451 Labor Economics 3 Y
Contemporary theories and issues of public policy concerning labor supply and demand, wage determination, disincentive effects of public transfer payments (e.g. welfare), unemployment, human capital, and unions.
PREREQ: ECN 301 OR 311.  

ECN 465 International Trade Theory and Policy 3 Y
Economic causes and consequences of international trade. Models of trade, gains from trade, tariffs and other controls on trade, and international institutions guiding the trading systems.
PREREQ: ECN 301 OR 311.  

ECN 470 Experience Credit 1-6 S
Participation in a discipline- or subject-related experience. Students must be evaluated by written or oral reports or an examination. Limited to those in good academic standing. May not be used to fulfill any economics major or minor requirements.

ECN 481 Introduction to Money & Banking 3 Y
Financial instruments and structure: commercial banking organization, operation and control of the banking system. Federal Reserve System. Monetary policy and economic stability.
PREREQ: ECN 302.  

ECN 487 Economic Growth 3 Y
The study of economic growth: models, their applications, and empirical evidence across different countries. Emphasis placed on understanding recent advances in the area: particularly, those pertaining to the nexus between growth and labor market.
PREREQ: ECN 301 OR 311.  

ECN 490 Independent Study 1-6 S
In-depth exploration of a problem or problems.  Individual independent study upon a plan submitted by the student. Admission by consent of supervising instructor or instructors and the department.

ECN 495 Distinction Thesis Seminar in Economics I   3 Y
First semester in a year-long course for economics undergraduate thesis students who are oriented to professional economics research and guided as they define their thesis projects. Senior economic students only. Permission from Instructor.  

ECN 496 Distinction Thesis Seminar in Economics II   3 Y
Second semester in a year-long course for economics undergraduate thesis students who will present ongoing research, constructively engage the work of other thesis writers, and work in cooperation with a faculty mentor to complete research. Senior economic students only. Permission from Instructor.  

ECN 499 Honors Capstone Project   1-3 SI
Completion of an Honors Capstone Project under the supervision of a faculty member.  3 credits maximum  

ECN 500 Selected Topics 1-3 IR
Exploration of a topic (to be determined) not covered by the standard curriculum but of interest to faculty and students in a particular semester. 

ECN 505 Mathematical Economics  3 Y
Introduction to use of basic mathematical techniques in economic analysis.
PREREQ: (ECN 301 OR 311) AND (MAT 295 AND MAT 296).  

ECN 510 Special Topics in Economics 3 IR
Various special topics of economics issues offered as available.
PREREQ: ECN 301 OR 311. Repeatable 5 time(s), 18 credits maximum  

ECN 521 Economic Statistics 3 S
Statistical methods applied to economics. Conventional descriptive statistics, conceptual and measurement problems peculiar to economics. Analytical statistics, including time-series analysis, elementary theory of probability and statistical inference, correlation and regression analysis. Nonparametric methods. This course is not suitable for students who have taken six credits of statistics to fulfill their quantitative skills requirement. Quantitative skill requirements of liberal arts core is recommended.
PREREQ: ((ECN 101 AND 102) OR 203) AND MAT 295 AND MAT 296.

ECN 522 Econometric Methods 3 Y
Statistical procedures. Problems of estimating parameters in regression models of economic behavior.
PREREQ: ECN 302 AND ECN 521 AND (ECN 301 OR 311).  

ECN 566 International Macroeconomics and Finance 3 Y
Monetary, fiscal, and regulatory consequences of mushrooming international financial markets including equities, bonds and other securities, commodity and options contracts, and bank deposits and loans.
PREREQ: ECN 302.  

ECN 580 International Course 1-12 SI
Offered through SUAbroad by educational institution outside the United States. Student registers for the course at the foreign institution and is graded according to that institution's practice. SUAbroad works with the S.U. academic department to assign the appropriate course level, title, and grade for the student's transcript. 

 

3- Refers to the number of academic hours the course carries.
Y- indicates that the course is offered at least once every academic year (fall and spring, not summer).
S- indicates that the course is offered every semester.
IR- Indicates that the course is offered on an irregular basis.