First semester. Three credits. Not open for credit to students who have passed ECON 111, 112, or 113. Carstensen

Economic questions vital to our individual lives and national welfare today and in the future. Tools for evaluating current events and
political claims about the workings of our economic system.

Either semester. Three credits. May be taken before or after ECON 112. Not open for credit to students who have passed ECON 113. May not be taken concurrently with ECON 113.

The organization and function of the economic system as a total unit. Economic decisions, institutions, and policies that determine levels and rates of growth of production, employment, and prices. Topical subjects (e.g., government budget deficits and current interest-rate policy).

Either semester. Three credits. May be taken before or after ECON 111. Not open for credit to students who have passed ECON 113. May not be taken concurrently with ECON 113.

How the invisible hand of the market functions through the economic decisions of firms and individuals. How prices, wages and profits are determined,
resources are allocated and income is distributed. Topical subjects (e.g., energy policy and health care).

Either semester. Four credits. Four class periods. Not open for credit to students who have passed ECON 111 or 112. May not be taken concurrently
with ECON 111 or 112. Wright

Same core of principles as ECON 111 or 112. One-half macroeconomics and one-half microeconomics. More demanding than ECON 111 or 112,
substitutes for ECON 111 and 112 as a Prerequisite for all Upper Division economics courses. May or may not substitute for ECON 111 and 112 outside economics; check Catalog.

Second semester. Three credits. Required preparation: Either ECON 111 and 112, or 113. (112 may be taken concurrently). Open to sophomores. Cosgel, Langlois

Economic evolution of Europe from feudal times to the present, emphasizing the modern period: the rise of commerce, industry, and banking; the growth of
population and the labor force; the changing position of agriculture; business fluctuations; and forms of economic organization.

Open to sophomores.

Either semester. Three credits. Prerequisite: ECON 111 and 112, or 113, or consent of the instructor. May be repeated for credit, with change of topic. Carstensen, Cosgel, Langlois, Minkler, Sazama

Special topics in economic history, the history of economic thought, the philosophy and methodology of economics, or alternative economic theories.

Issues in American economic development, including the political economy of the Constitution, the economics of slavery, the rise of modern corporations and the causes of the Great Depression.

Either semester. Three credits. Required preparation: Either ECON 111 and 112, or 113. (ECON 112 may be taken concurrently). Open to sophomores. Cosgel

Economic history of the Middle East, including the organization of rural and urban activity, relationship with Western Europe, and the roles of international trade, foreign capital, petroleum, and institutional structure in economic development.

First semester. Three credits. Required preparation: ECON 111 and 112, or 113. Cosgel, Cunningham, Langlois

The evolution of economic ideas significant to their own times and to the state of current theory. Mainly nineteenth and twentieth century thinkers.

(Also offered as Philosophy 245.) Either semester. Three credits. Required preparation: ECON 112 or 113.

An examination of the normative assumptions and implications of modern economics (for example, the connections between Classical Utilitarianism and Welfare Economics). Attention to methodological controversies in contemporary economic theory.

Either semester. Three credits. Required preparation: ECON 112 or 113. Minkler

A contrast to the assumptions, values, methodology, and philosophical underpinnings of mainstream economic analysis. Altruism, role of social
norms and culture, importance of work, moral assessment of economic systems, feminist and ecological economics.

Either semester. Three credits. Recommended preparation: ECON 111 or 112, or 113. Sazama

Application of socialist economic theory to structural issues of capitalist societies: distribution of power; causes of poverty and discrimination; military spending; stagnation and growth.

Either semester. Three credits. Two class periods and one 2-hour laboratory period. Required preparation: ECON 111 and 112, or 113; MATH 106Q or 110Q or 113Q or 115Q or 118Q; and STAT 100V. Open to sophomores. A course advised for all major students in economics. Couch, Lott, Ray

Introduction to the empirical testing of economic theories. Student projects testing simple economic models.

Second semester. Three credits. Prerequisite: ECON 212V. Lott, Ray

Analysis of economic time series, estimation of single- and simultaneous-equation economic models, and statistical decision theory.

Either semester. Three credits. Required preparation: ECON 111 and 112, or 113; MATH 106Q or 110Q or 113Q or 115Q or
118Q. Heffley, Lott, Ray, Segerson

Application of mathematical techniques to economic problems. Methods studied: set theory, linear algebra, equilibrium analysis, unconstrained and constrained optimization, comparative statics, and linear programming.

First semester. Three credits. Two 75-minute classes per week. Seven of the classes will be held at the computer lab. Required
preparation: ECON 111 and 112 or 113. Sacks

Extensive use of computer spreadsheets to find efficient solutions to problems faced by managers in both the public and private sectors. Optimization of input and output mixes, of delivery routes, and communication networks.

Either semester. Three credits. Prerequisite: ECON 112 or 113. Recommended preparation: ECON 111. Open to sophomores. ECON 218 or 218Q is required of all economics majors. Cosgel, Heffley, Kimenyi, Lott, Miceli, Minkler, Randolph, Ray, Sacks, Segerson

Intermediate microeconomic theory, covering demand and supply,exchange and production, pricing, and welfare economics.

Prerequisite: ECON 112 or 113. Required preparation: MATH 106Qor 110Q or 113Q or 115Q or 118Q. Recommended preparation: ECON 111. Open to sophomores. ECON 218 or 218Q is required for all economics majors. Randolph, Segerson

Applies mathematical techniques to intermediate microeconomic theory.

Either semester. Three credits. Prerequisite: ECON 111 or 113. Recommended preparation: ECON 112. Open to sophomores. ECON 219 or 219Q is required of all economics majors. Not open for credit to students who have passed ECON 229 or
219Q. Ahking, Allen, Cunningham, Morand

Intermediate macroeconomic theory, covering national income accounting; the determination of aggregate output, employment
and price levels; elements of business cycles and economic growth.

Prerequisite: ECON 111 or 113. Required preparation: MATH 106Q or 110Q or 113Q or 115Q or 118Q. Recommended preparation: ECON 112. Open to sophomores. ECON 219 or 219Q is required for all economics majors. Ahking, Cunningham, Morand

Applies mathematical techniques to macro-economic theory.

Either semester. Three credits. Required preparation: ECON 111 and 112, or 113. (112 may be taken concurrently.) Open to sophomores. Ahking, Cunningham, Lott, Miller

The nature of money, the origins of monetary standards and systems, the development and operation of commercial banking, the Federal Reserve System, and international monetary agencies.

Emphasis on public policy: commercial bank regulations; the relation of liquidity to economic fluctuations; government lending
agencies; and central bank policies and credit control.

Either semester. Three credits. Required preparation: ECON 112 or 113. Recommended preparation: ECON 111 and 218. Allen, Chisik

Economic basis of international trade, trade policies, and international economic organizations.

Either semester. Three credits. Required preparation: ECON 111 or 113. Recommended preparation: ECON 112 and 219. Ahking, Allen, Miller

Payments and financing of international trade: foreign exchange markets,the balance of payments, capital flows, and international monetary arrangements.

Either semester. Three credits. Required preparation: ECON 111 and 112, or 113. Allen

Economic transition of these formerly socialist economies into capitalist, market economies. Comparison of centrally planned and market economies. Problems of macroeconomic imbalance, economic distortions, shortages and repressed inflation. Means and timing of price liberalization, privatization, restructuring, currency convertibility, and building legal and financial institutions.

First semester. Three credits. Required preparation: ECON 111 and 112, or 113. Randolph, Sazama

Economics of problems facing developing nations: theories of development, and strategies and policies to promote economic development

Either semester. Three credits. Required preparation: ECON 112 or 113. Recommended preparation: ECON 111. Kimenyi, McEachern, Miceli, Sacks,
Sazama, Segerson

Government expenditures and tax policies: theories of public choice, size and mix of government budgets, alternative tax systems, and tax reform.

First semester. Three credits. Required preparation: ECON 111 and 112, or 113. Kimenyi

Analysis of poverty and income maintenance programs: theories of income distribution and comparison of public policies in the U.S. and other countries.

Either semester. Three credits. Required preparation: ECON 218 and 219 (one of which may be taken concurrently). Wright

Current issues of government economic policy, primarily microeconomic: energy, income maintenance, labor markets for minorities and women, government regulation, health care, and others.

(Also offered as Urban Studies 259.) Second semester. Three credits. Required preparation: ECON 112 or 113. Recommended preparation: ECON 111. Not open for credit to students who have passed URBN 259. Heffley, Miceli

Economic problems of cities and regions: urban markets for land, labor, and housing; location decisions of businesses and households; metropolitan transportation
problems; urban/suburban fiscal relations; urban and regional environmental quality; and the economics of crime.

Either semester. Three credits. Required preparation: ECON 112 or 113. Heffley

Economic analysis of the health sector: organization and performance of health care delivery systems; economic behavior of patients and providers; markets for health services; health-care finance and insurance; health-care policy; and cost-benefit analysis of health-care programs.

Second semester. Three credits. Required preparation: ECON 112 or 113. Langlois, Sacks

Relations between government and business. Public policies enforcing, supplementing, or replacing competition in particular markets, studies of selected industries and legal cases.

First semester. Three credits. Required preparation: ECON 112 or 113. Recommended preparation: ECON 218. Langlois, Minkler

The nature of competition and economic organization. Competitive effects of business practices, and their influence on price, production, and technological change.

Second semester. Three credits. Required preparation: ECON 112 or 113. Recommended preparation: ECON 111 and 218. Langlois, Miceli

The law as an economic institution. Primary focus on the Common Law, property, tort, and contract. Applications to pollution control, land-use, hazardous wastes, product liability, and worker safety. Ethical as well as economic approaches to the law.

Either semester. Three credits. Required preparation: ECON 112 or 113. Barth

Economics of labor: human capital theory, discrimination, unemployment, manpower policy, and trade unions.

Either semester. Three credits. Required preparation: ECON 112 or 113. Recommended preparation: ECON 218. Barth, Couch, Kimenyi

Theoretical analysis of labor markets: labor supply and demand; wage differentials; human capital; and the inflation-unemployment tradeoff.

Second semester. Three credits. Required preparation: ECON 112 or 113. Barth

Legal status of labor, unorganized and organized, in legislation and court decisions. Emphasis on the labor contract, bargaining procedures, and union
and employer tactics. Also, legislation dealing with wages, hours, child labor, old-age benefits, and accident and unemployment compensation.

Either semester. Three credits. Required preparation: ECON 111 and 112, or 113. Kimenyi, Randolph

Issues and problems confronting women and minorities in the workplace, using economic theory, institutional analysis, and empirical investigation. Historical background, allocation of time, discrimination, earnings determination, occupational structure, labor unions, and public policy.

Second semester. Three credits. Consent of instructor required, with preference given to Honors and Distinction students and Economics Scholars. Required preparation: ECON 218 and 219 or 308 and 309 (one may be concurrent). Segerson, Wright

Preparation for (1) senior thesis, or for (2) Distinction comprehensive exam. 50%: 5-6 presentations of faculty research, with short papers by students. 50%: (a) major term project (Honors or Economics Scholars), or ( b) extensive annotated bibliography for comprehensive exam (Distinction). Intensive drill on expository writing, especially organization, clarity, and accuracy.

Either semester. Three credits. Hours by arrangement. Open only with consent of instructor. Required preparation: ECON 286W or consent of the Department Honors Advisor.

The student should define a general subject area for the thesis before choosing a thesis advisor and seeking consent at the time of registration. The student should
then submit a written proposal for the senior thesis to the advisor by the end of the semester preceding enrollment for thesis credit.

Either or both semesters. Credits and hours by arrangement. May be repeated for credit. Consent of Department Head required, prior to the student's departure. May count toward the major with consent of the advisor.

Special topics taken in a foreign study program.

Either semester. Two credits. Hours by arrangement. Required preparation: nine credits of 200-level economics courses (six of which may be concurrent). Consent of  instructor is required. Students must be at least 6th-semester and have a minimum TGPA of 2.25 or a minimum of 2.5 in 200-level economic courses. Students must secure a satisfactory intern position before the end of the second week of the semester enrolled in the course. They should begin consultation with the instructor several months in advance. Grade of S (satisfactory) or U (unsatisfactory). Does not count toward the economic major. Must be taken concurrently with ECON 295; no credit will be given for one course without the other. Sazama

Supervised field work, of six-eight hours per week, relevant to some area of economics, with a business firm, government agency or non-profit organization. Evaluation by the field supervisor and by the instructor (based on a detailed written report submitted by the student).

Either semester. One credit. Hours by arrangement. Required
preparation: nine credits of 200-level economic courses (six of
which may be concurrent). Consent of instructor is required.
Students must be at least 6th-semester and have a minimum
TGPA of 2.25 or a minimum of 2.5 in 200-level ECON courses.
Must be taken concurrently with ECON 294; no credit will be
given for one course without the other. Sazama

Research paper of 3,000-4,000 words on approved topic
related to the internship field study.

Either semester. Three credits. With a change in topic, may be repeated for credit. Prerequisites, required preparation, and recommended preparation vary.

Either semester. Creditsand hours by arrangement. With a change in topic, this course may be repeated for credit. Prerequisites, required preparation, recommended preparation vary.

Either or both semesters. Credits and hours by arrangement. Open only to seniors with consent of instructor. A student may receive credit for no more than 6 credits of ECON 299.

Tutorial course to enable qualified students to round out their training in economics. Independent reading conferences and short research papers.