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Academic Programs

Economics Courses

ECON 1004 Introduction to Economics
Introduction to microeconomic and macroeconomic concepts and theories. Includes an overview of the microeconomic theories of consumer behavior, decision-making by the business firm, market structures and resource markets; and the macroeconomic theories of national income determination, employment, inflation, money and the banking system, and the world economy. II Social Science

ECON 2024 Principles of Microeconomics
A study of the microeconomic analysis of the individual firm and consumer, price determination, and market structures. II Social Science or IV

ECON 2034 Prin of Macroeconomics
A study of the macroeconomic analysis of the economy and its banking system, income determination and its fluctuation, and monetary and fiscal policies. II Social Science or IV

ECON 2104 Economics & Business Statistics
Applications of statistical models and techniques to analyze data with specific relevance to economic and business problems. Topics will include probability, estimation, hypothesis testing, correlation, analysis of variance, and regression. Prerequisites: MATH 1034 or 1304. IV

ECON 3034 Money and Banking
A study of the economics of money, banking, financial markets, and the role of U.S. monetary policy in macroeconomic stabilization and economic growth. Topics include financial markets and institutions, central banking system, monetary theory and policy. Emphasizes the role of the Federal Reserve System and its policies in maintaining economic growth and stability. Prerequisite: ECON 2034. IV

ECON 3054 Microeconomics - Theory and Applications
Development of the microeconomic theory of decision-making by households and business firms. Special emphasis on applications of the theory of the firm to business situations. Prerequisites: ECON 2024. IV

ECON 3074 Macroeconomic Theory and Policy
Study of macroeconomic theories, monetary and fiscal policy. Analysis of the factors that determine the economy’s aggregate output, employment, interest rates, and general price level. Topics include unemployment, inflation, business cycles, and economic growth. Current issues and controversies in macroeconomics, including issues in macroeconomic stabilization policies and international macroeconomics. Prerequisites: ECON 2034. IV

ECON 3094 Econometrics
This course is designed to teach students how to use introductory econometric models and techniques, providing them with the basic tools of econometric analysis so students can apply these tools for estimation, inference, and forecasting in the context of real world economic problems. Topics include regression analysis, model specification, multicollinearity, heteroskedasticity, autocorrelation, maximum likelihood, and simultaneous equations models. The emphasis of the course is on the practical applications of econometric methods to economic analysis. (Taught in alternate winter terms) Prerequisites: ECON 2024, 2034, and 2104.

ECON 3114 Special Topics in Economics
The study of a school of thought, issue, policy application, or an individual not fully treated in other courses. Topics change from term to term and are announced in advance. May be repeated for credit provided different topics are covered. Prerequisites: ECON 2024 and 2034 or permission of instructor. IV

ECON 3134 Public Finance
Examines the economic justification for government participation in a market economy and evaluates government activities from the standpoint of economic efficiency. Topics include public goods, externalities, market failure, public choice analysis, expenditure programs, transfer programs, taxation, and regulation. Prerequisite: ECON 2024. IV

ECON 3144 International Trade and Finance
A study of theory and policy of international economic relations. Topics include international trade theory, international trade policy, and international monetary economics. Analysis of trade models, regional economic integration, the balance of payments, international capital flows, exchange rate theories, the evolution of the international financial system, open economy macroeconomic policy, and contemporary issues in the global economy. Prerequisite: ECON 2024. IV

ECON 4004 Independent Study
Designed to provide advanced undergraduates with experience in independent, self-directed study in which they initiate, plan, and direct their own research activities under the supervision and guidance of a member of the economics program faculty. A proposal for study must be submitted before the beginning of the term during which it is to take place, and it must be approved by both the supervising faculty member and the economics program director. Prerequisites: ECON 2024, 2034, and 5 units in economics or a related discipline.

ECON 4044 History of Economic Thought
A study of the origins of modern economic thought. Explores the historical development of economic theories from ancient to modern times, with emphasis on how these theories evolved into our present understanding of economics. Critical analysis of the evolution of key economic ideas by examining main contributions of the most outstanding economists in each period of economic thought. Topics include classical, Marxian, neoclassical, institutional, and Keynesian economics. Prerequisites: ECON 2024 and 2034. III B or IV; V

ECON 4204 Internship
A program offering students supervised practical experience in applied economics. Each internship is jointly supervised by an economics faculty member and a professional in a business or government organization. Research on a topic chosen in consultation with the faculty member will be required. (1 course unit.) CR/NC grading. Prerequisites: Junior or senior standing and permission of instructor.

ECON 4208 Internship
A program offering students supervised practical experience in applied economics. Each internship is jointly supervised by an economics faculty member and a professional in a business or government organization. Research on a topic chosen in consultation with the faculty member will be required. (2 course units.) CR/NC grading. Prerequisites: Junior or senior standing and permission of instructor.

ECON 4884 Seminar in Economics
The capstone course for economics majors. Research and analysis of major issues in the field of economics. This seminar will address questions of philosophical approach, scientific methodology, and interaction with other disciplines. Prerequisites: ECON 3054 or permission of instructor. IV; V

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