Undergraduate Program


Course Descriptions


PRINCIPLES CLASSES

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

ECN 102 Introductory Macroeconomics
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 102 or ECN 203. 

ECN 203 Economic Ideas and Issues (No longer offered)
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 102. 

 

INTERMEDIATE THEORY CLASSES

ECN 301 Intermediate Microeconomics (For the BA Major)
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 ECN 102) OR (ECN 101 and ECN 203) AND (MAT 284 or MAT 285 or MAT 295)  

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

ECN 302 Intermediate Macroeconomics
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 ECN 102) OR (ECN 101 and ECN 203) AND (MAT 284 or MAT 285 or MAT 295


ECONOMIC MATH AND STATISTICS CLASSES

ECN 422 Introduction to Statistics and Econometrics (Required for the BA Major)
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 ECN 311) AND ECN 302

ECN 505 Mathematical Economics (Required for the BS Major)  
Introduction to use of basic mathematical techniques in economic analysis.
PREREQ: (ECN 301 or 311) AND (MAT 295 and MAT 296) 

ECN 521 Economic Statistics (Required for the BS Major)
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 ECN 102) OR (ECN 101 and ECN 203) AND (MAT 295 and MAT 296)

ECN 522 Econometric Methods (Required for the BS Major)
Statistical procedures. Problems of estimating parameters in regression models of economic behavior.
PREREQ: (ECN 302 and ECN 521) AND (ECN 301 or ECN 311) 

 

300-LEVEL ELECTIVE CLASSES

NOTE: ALL ECN 310 Classes require ECN 101 OR ECN 203 as a sufficient prerequisite. This differs from what is presently in MySlice and the course catalog for which the prerequisite is listed as (ECN 101 and ECN 102) OR ECN 203. If you have only taken ECN 101 and would like to take an ECN 310 class, contact the economics department staff and they will issue you a permission number so that you can register.

ECN 304 The Economics of Social Issues
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 OR ECN 203 

ECN 305 Economics of Personal Finance
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 101 OR ECN 203

ECN 310 Cities in Developing Countries
This course covers several topics related to urbanization in the developing world, including: urbanization and growth, rural to urban migration, slums and tenure insecurity, sprawl, traffic congestion, sanitation, and environmental sustainability.
PREREQ: (ECN 101 and 102) OR ECN 203

ECN 310 Economics of Education
This course considers the economics of education from both a theoretical and empirical perspective.  It analyzes factors that contribute to better educational outcomes in addition to the impact of education on opportunity.  Topics covered include human capital versus signaling models of education, the education production function, public school finance, teacher quality, high-stakes testing, and school choice.
PREREQ: (ECN 101 and 102) OR ECN 203

ECN 310 The Chinese Economy
An overview of China’s transition from a planned to market economy.  Specific focus on the impact of China’s growth on Chinese poverty, inequality, and social welfare as well as its effect on the global economy.
PREREQ: (ECN 101 and 102) OR ECN 203

ECN 310 Economic Development of Africa
The course provides in-depth analyses of the economic challenges facing Africa. It uses standard growth theory to consider the role of human and physical   capital, geography, culture, institutions, and history as possible explanations for the economic performance in the region. Particular attention will be given to the policy implications of the topics discussed.   
PREREQ: (ECN 101 and 102) OR ECN 203

ECN 310 Economics of Emerging Markets
What allows citizens in Western Europe and North America to earn incomes 10 times or more greater than Sub-Saharan Africa or South Asia? The economics textbooks for introductory courses generally describe how markets work in areas like Western Europe and North America, while this course will dive into the issues facing economies of the developing world. We will seek to explain differences in living standards through formal (political, legal, fiscal) and informal (culture, corruption, conflict) institutions.
PREREQ: (ECN 101 and 102) OR ECN 203

ECN 310 Indian Economy
Challenges and opportunities for the economy of India.
PREREQ: (ECN 101 and 102) OR ECN 203

ECN 367 Economics of Globalization
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 101 OR ECN 203

 

400-LEVEL ELECTIVE CLASSES

ECN 410 Economics of Family Decisions
This is a course in population economics.  In this course you will gain an understanding of global and national demographic trends and the theories of demographic change underlying these trends.  Much of the course will focus on the economics of the family.  We will analyze marriage, fertility, mortality, and migration at the level of the individual and the household.
PREREQ: (ECN 301 or ECN 311) AND ECN 302

ECN 410 Topics in Health Economics
The production and demand for health capital and health care, the efficiency of markets for health care and insurance, and the role of government in promoting health and social welfare.
PREREQ: (ECN 301 or ECN 311) AND ECN 302

ECN 410 Financial Economics
This course examines financial markets.  The aim is to understand various topics in asset management and asset pricing.  Topics include market efficiency, delegated money management, stock return predictability, bubbles and crashes, mutual fund performance, security analysts and investor relations, and social interaction and investor behavior.
PREREQ: (ECN 301 or ECN 311) AND ECN 302

ECN 410 Open Economy Macro & International Finance
This course will explore current issues, models, and debates in the international finance and open-economy macroeconomics literature. Topics to be covered include international financial transactions and the determination of the current account balance, models of exchange-rate determination, monetary and fiscal policy in open economies, optimal currency areas, currency crises, and the international financial architecture.
PREREQ: (ECN 301 or ECN 311) AND ECN 302

ECN 421 Game Theory and Economic Strategy
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 ECN 311) AND (MAT 284 or MAT 285 or MAT 295 or MAT 296)

ECN 431 Public Economics
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 ECN 311

ECN 437 Environmental and Resource Economics
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 ECN 311 

ECN 441 Urban Economics
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 ECN 311

ECN 443 Real Estate Economics and Finance
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 ECN 311

ECN 451 Labor Economics
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 ECN 311

ECN 465 International Trade Theory and Policy
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 ECN 311

ECN 481 Introduction to Money and Banking
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
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 ECN 311

ECN 495 Distinction Thesis Seminar in Economics I  
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  
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.