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Economics - Spring 2014

ECON 190S – Principles of Economics
4 semester hours
Ankrom, Jeffrey, Frost, Marcia, Tiffany, Frederick, Wishart, David

Prerequisites:  Students must have attained the math placement level 22 to enroll.
An introduction to basic principles of economics.  Topics covered include supply and demand, marginal analysis, competition, profit maximization, aggregate demand, and supply, the level of employment, inflation, fiscal policy, monetary policy, and international trade.  Lecture/discussion format.


ECON 205 - Macroeconomic Stabilization Policy
2 semester hours
Gwinn, Lawrence

Prerequisite:  Economics 190S
Macroeconomic Stabilization Policy is a two-semester hour course building on the fundamentals learned in Economics 190.  The course is intended to elevate the understanding of students to a level that allows them to understand the macroeconomic environment in which institutions operate and to easily transition to upper level economics courses that employ macroeconomic analysis.  Economics 205 also covers the relationship between foreign exchange rate systems and the domestic economy.  The course will be of interest to any student desiring further study of how central banks and governments use monetary and fiscal policy in response to the problems of inflation and unemployment. 


ECON 220 – Economics of Developing Areas
4 semester hours
Frost, Marcia
Prerequisites: ECON 190S.                                                                                            Introduction to the concepts, measures, theories, and strategies of modern economic growth and development relevant to the low-income nations of Asia, Africa, and Latin America. The course builds on the theories and models introduced in Economics 190, explores the inter-relationships between human development and economic growth, and allows each student to investigate the development experience of a particular nation.


ECON 260 - East Asian Economies
4 semester hours
Frost, Marcia

Prerequisite: ECON 190
This course is designed to introduce students to some of the most important and pressing current issues facing the Northeastern Asian economies of China, Mongolia and North Korea; to new economic concepts, theories and models; and to many sub-fields of the discipline, including economic history, environmental economics, political economy, comparative economics, institutional economics and economies in transition.  It is also multidisciplinary, integrating economics with political science, geography, geology, sociology, environmental science, history, and business.  Cross-listed with East Asian Studies and International Studies; CLAC option.


ECON 280 – Managerial Economics
4 Semester hours
Tiffany, Frederick

Prerequisites:  MATH 120Q or Math Placement level 25 and ECON 190S
In this course, students will extend their understanding of microeconomic theory and its use in managerial decision-making.  Topics will include the theories of supply and demand, production, cost and market structure.  Game theory will be employed in the analysis of oligopolistic markets.

The course will have a lecture/discussion format.  Students will be evaluated on the basis of two or three midterm examinations, a final examination, and frequent homework assignments.  Note:  A student cannot receive credit for both ECON 280 and ECON 310.


ECON 301 – Financial Markets and Institutions
4 semester hours
Ankrom, Jeff

Prerequisites:  ECON 190, MATH 120, and any statistics course.
The course is meant to impart a basic understanding of money and financial institutions and their impact on the working of the economy.  This will be accomplished by examining the following topics.

  1. The role and functions of financial intermediaries.
  2. The role of government in financial markets.
  3. Central banks, monetary policy, and the creation of money.
  4. Pricing of financial assets, and risk/return models.
  5. Models of interest rate determination and theories of the term structure of interest rates.
  6. Mortgage and securitized asset markets.
  7. Options and futures markets.

The course will have a lecture/discussion format and will involve regular reading of the Wall Street Journal.  Exams, quizzes, and class discussion form the basis for the course grade.


ECON 311 – Intermediate Macroeconomic Theory
4 semester hours
Gwinn, Lawrence

Prerequisites:  ECON 190, Econ 205, and MATH 120 or its equivalent.
This course builds on the ideas presented in ECON 190 and develops in greater detail   models that analyze the national economy, with an emphasis on the distinction between short-run and long-run equilibrium, and on the various schools of thought.  We discuss problems inherent in fiscal and monetary stabilization policy and their relationship to unemployment, inflation, and economic growth.  A good understanding of algebra is necessary.


ECON 400 – Senior Seminar in Economics
4 semester hours
Gwinn, Lawrence
Prerequisites: ECON 280 or 310, ECON 301 or 311, ECON 300, MATH 131 or 201, and senior standing. 

This capstone course for both the Economics and Financial Economics majors requires students to synthesize their knowledge of economics by applying economic theory and use econometrics to examine contemporary policy issues or historical questions of interest.  Depending on instructor and student preferences, the course may take different forms:  A series of short papers and student presentations based on current issues in economics and political economy, a semester-long research project culminating in a thesis, or the course could combine shorter papers and a major project.  The course will typically include some group work.  Seminar format.  Writing intensive.


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