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Subject Area: Economics
Department: Economics & Human Resources
College: Williams College of Business

ECON200 MICROECONOMIC PRINCIPLES (3.00) Principles governing the efficient allocation of the nation's scarce resources. Economic behavior of consumers, producers, and resource owners.

ECON201 MACROECONOMIC PRINCIPLES (3.00) Economic activity of the economy as a whole. The role of public policy in relation to issues of full employment, price stability, economic growth, government finance, and international trade. Prerequisite: ECON 200

ECON209 ECONOMICS AND PUBLIC ISSUES (3.00) Analysis of a series of public issues from economic and ethical perspectives. ECON 209 does not count as either an economics elective or a business elective, but does count as an E/RS Focus elective. Prerequisite: PHIL 100 THEO 111 Corequisite: PHIL 100 THEO 111

ECON300 INT'L TRADE & BUS ENVIRONMENT (3.00) An analysis of International Trade and Finance; the behavior of the multinational enterprise; the impact of the global economy on traditional busisness strategies. Prerequisite: ECON 201

ECON303 CO-OP EDUCATION/ECONOMICS: JR (3.00-6.00) An elective cooperative experience where students earn academic credit while performing approved economic-related work experience. Prerequisite: MGMT 301 55 credit hours completed, 2.750 GPA, departmental approval

ECON305 MICROECONOMIC ANALYSIS (3.00) An in-depth study of consumer behavior, production costs, the firm, market structure, factor markets, and general equilibrium analysis. Prerequisite: ECON 201

ECON306 MACROECONOMIC ANALYSIS (3.00) Theoretical foundations of understanding GDP, inflation, unemployment, and economic growth. Controversies in modern macro theory. Prerequisite: ECON 201

ECON315 HISTORY OF ECONOMIC THOUGHT (3.00) Ideas and theories of major contributors to economic thought, including, Smith, Mill, Marx, and Keynes. Primary sources will be used. Fulfills the E/RS focus elective. Prerequisite: ECON 201 PHIL 100 THEO 111

ECON316 GLOBALIZATION (3.00) Over the last decade globalization has been the cause of much hope and promise; at the same time it has been the cause of the student, worker and environmentalist protests all over the world. The course will be an interdisciplinary examination of the political, cultural, economic, theological, and ethical dimensions of globalization. It will be team-taught by faculty from economics, political science, theology and the E/RS program. There will also be a number of invited experts from the US and abroad who will meet with the class. Cross-listed Courses: POLI316 THEO316

ECON320 NATURAL RESOURCE ECONOMICS (3.00) Economic analysis of managing the environment and allocating natural resources. Historical roots and ethical consequences of existing problems and policies are explored. Fulfills the E/RS Focus elective. Prerequisite: ECON 200 PHIL 100 THEO 111 Corequisite: PHIL 100 THEO 111

ECON323 INTRO TO MATHEMATICAL ECONOMICS (3.00) Synthesis of mathematical techniques and economic theory. A mathematical review of economic models, static equilibrium, comparative statics, optimization, dynamic analysis, and mathematical programming. Prerequisite: ECON 201 MATH 150

ECON330 COMPARATIVE ECON SYSTEMS (3.00) Study of systemic properties of alternative capitalist, socialist, traditional, and utopian economies. Prerequisite: ECON 201

ECON340 U.S. ECONOMIC HISTORY (3.00) Economic evolution of the U.S. from colonial times to the present. Cross-listed Courses: HIST320 Prerequisite: ECON 201

ECON341 ECON OF DEVELOPING COUNTRIES (3.00) Analysis of the main problems of developing countries, methods of generating growth and development, and consideration of the international distribution of wealth. Prerequisite: ECON 201

ECON390 TOPICS IN ECONOMICS (3.00) Selected problems. Examples include: energy, natural resource, environmental and urban economics. May be taken for credit more than once. Prerequisite: ECON 201

ECON398 SEM: ENVIRONMENTAL STUDIES (3.00) A practicum which provides experience in measuring environmental damage and performing cost benifit analysis of alternative solutions. A local environment issue is selected and each student is responsible for investigating a facet of the problem, analyzing and interpreting data, and exploring the economic, ecological and ethical consequences of alternative problem resolutions. Cross-listed Courses: BIOL398 Prerequisite: BIOL 250 ECON 320

ECON403 CO-OP EDUCATION/ECONOMICS: SR (3.00-6.00) An elective cooperative experience where students earn academic credit while performing approved economic-related work experience. Prerequisite: MGMT 301 55 credit hours completed, 2.75 GPA, departmental approval required

ECON406 ADVANCED MACROECONOMICS (3.00) Detailed study of varying topics in macroeconomic analysis. Prerequisite: ECON 306

ECON410 APPLIED ECONOMETRICS (3.00) The construction and testing of economic models. Emphasis given to linear regression techniques, special problems in estimating economic relationships, and interpretation of results. Prerequisite: ECON 305 or ECON 306 STAT 200

ECON430 INDUSTRIAL ORGANIZATION (3.00) Basic conditions, market structures, conduct and performance of American industry. Public policy related to the problems of monopoly and business conduct. Prerequisite: ECON 305

ECON440 PUBLIC FINANCE (3.00) Role of government in the economy. An analysis of the principles of government expenditure and taxation. Prerequisite: ECON 305

ECON450 INTERNATIONAL ECONOMICS (3.00) Basis for trade between nations. Barriers to trade. Balance of payments. Exchange rate determination. Monetary and fiscal policies in an open economy. Prerequisite: ECON 305 ECON 306 Corequisite: ECON 306

ECON460 LABOR ECONOMICS (3.00) Analysis of labor market behavior. Issues of compensation, human capital investment, unionization, discrimination, and the influence of the labor market on the macro economy. Prerequisite: ECON 305

ECON495 MANAGERIAL ECONOMICS (3.00) Applied microeconomic analysis for decision-making within the business firm. Emphasis on forecasting, demand and cost estimation, pricing techniques, project and risk evaluation. Prerequisite: ECON 305 STAT 200

ECON499 TUTORIAL COURSE (2.00-3.00) Special reading and study for advanced students. Approval of department chair and dean required.

ECON705 APPLIED ECONOMIC ANALYSIS (4.00) Students analyze the economic behavior of the consumer and producer and combine economic theory and applications in order to understand and evaluate the national and international environment. Classical and contemporary economic models provide the framework for analysis and real world application. Current economic issues and the impact of monetary and fiscal policies are considered. Prerequisite: Admission to the Executive MBA program

ECON801 MACROECONOMIC ANALYSIS (2.00) Introduction to the economic way of thinking: scarcity, choice, opportunity cost, comparative advantage, and supply and demand analysis. Basic macroeconomic terminology. The aggregate demand explanation of economic fluctuations. Introduction to monetary and fiscal policy.

ECON802 MICROECONOMIC ANALYSIS (2.00) Implications of rational decision-making for consumer and business behavior. Allocation of resources in market economies; concepts of economic efficiency and market failure. Impact of market structure on performance and behavior of firms. Prerequisite: ECON 801 or equivalent

ECON901 GLOBAL ECONOMIC ENVIRONMENT (3.00) Description and analysis of macroeconomics policies in a global environment, with emphasis on how international trade and capital flows affect the impact of monetary, fiscal, and supply-side policies on traditional macroeconomic variables. Prerequisite: ECON 801 ECON 802 or equivalent

ECON902 MANAGERIAL ECONOMICS (3.00) Economic analysis as applied to practical business operations. Topics include demand analysis, forecasting, cost analysis, and pricing techniques. Prerequisite: ECON 901

ECON927 INTERNATIONAL ECON & BUSINESS (3.00) Growth and direction of trade, internationalization of business, role of governments. Mechanics of financing foreign trade and investsment. Prerequisite: ECON 801

ECON932 BUSINESS FORECASTING (3.00) Development and application of statistical techniques used in short-term forecasting. Prerequisite: STAT 801 ECON 901

ECON935 BUSINESS & PUBLIC POLICY (3.00) Analysis of the role and impact of public policy in a market environment including an analysis of the causes and consequences of market failure, antitrust legislation and enforcement issues, and social regulation such as consumer and environmental protection legislation. Prerequisite: ECON 901

ECON990 SEM: CURRENT ECON PROBLEMS (3.00) Topics selected from current significant theory and policy issues. Prerequisite: ECON 901

ECON995 INDIVIDUAL READINGS & RESEARCH (2.00-3.00) Open to especially qualified students with the consent of the department chair and dean.

 

 

 
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