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Economics

 

Information

 

Benjamin Artz, Chair

Department Office: Sage Hall 2472
Department Telephone: (920) 424-7155

ECON

 

Faculty

See the College of Business.

 

Degrees

  • Undergraduate: A major in Economics can lead to the degree(s): Bachelor of Arts; Bachelor of Science; Bachelor of Science in Education, or Bachelor of Business Administration.
  • Graduate: The Department does not offer a graduate program. However, students who complete a major in our Department may wish to consider advanced study at the University of Wisconsin-Oshkosh in these programs: Master’s of Business Administration, Master’s of Public Administration. Or may participate in the pathway partnership program with Marquette University. For specifics, please see the University of Wisconsin Oshkosh Graduate Bulletin.
 

Summary of Fields of Study

  1. Goal(s)
  • See the College of Business for a listing of their goal(s).
  • The Major(s)
  • The Economics Department offers a choice of three emphases in the Bachelor of Science and Bachelor of Arts degree programs. These are the Quantitative Emphasis, International Emphasis and the General Emphasis. The College of Business also offers an Economics Major.
  • The Minor(s)
    • The Economics Department offers one minor: Business Economics.

Comment: The program of study in Economics is designed to prepare students for any of a variety of careers in the fields of economics, business, government and higher education. Also, a major in Economics provides excellent preparation for post-graduate study in Economics, Public Policy, Business, and Law.

The Department of Public Instruction will license secondary education teacher candidates to teach Economics when such candidates have completed a major or minor in Economics, in addition to all requirements for the Professional Education Program and a major or minor in another subject area.

 

Admission/Graduation Requirements

  • To be eligible for graduation, students must meet all requirements for the degree being sought, in addition to earning a minimum grade point average of 2.00 in all courses required for the Economics major or minor. Refer to the following Sections V. and VI. for complete major/minor course requirements.
  • Students must obtain at least a 2.0 grade point average in all 200+ level ECON prefix classes that are taken by the student at UWO. Non- ECON classes will not count toward the calculation of the 2.0 GPA Economics BBA graduation requirement.
  • Those students seeking Wisconsin teacher certification must earn a minimum grade point average of 3.00 in all courses required for their majors and minors in order to meet the requirements of the College of Education and Human Services.
 

Required Core Courses

 

Economics (15 credits)

  • Economics 201 Principles of Macroeconomics 3 cr. OR
  • Economics 209 Honors: Principles of Macroeconomics (Macro) 3 cr.
  • Economics 202 Principles of Microeconomics 3 cr. OR
  • Economics 208 Honors: Principles of Microeconomics (Micro) 3 cr.
  • Economics 210 Economic and Business Statistics 3 cr.
  • Economics 329 Intermediate Microeconomic Theory 3 cr.
  • Economics 331 Intermediate Macroeconomic Theory 3 cr.

 

Mathematics

  • Mathematics 171 Calculus I 4 cr. OR Mathematics 206 Mathematics for Business Analysis 4 cr.
 

The Major(s), with Emphases and/or Options

 

1. Economics Major

 

A. Quantitative Emphasis in the Bachelor of Science or Bachelor of Arts Degree

This program is recommended for students who wish to undertake postgraduate study in Economics or to pursue any career involving quantitative, problem-solving, critical thinking or analytical skills

  • Required Credits: 36 credits in Economics minimum, plus completion of the Mathematics requirement.
  • Required Courses: In addition to the 15 credits of Core Courses:
    • Requirement A: Two of the following four: Economics 471 (with instructor consent), 472, 473, 475;
    • Requirement B: An additional two courses from any 400 level Economics courses not previously taken.
    • Requirement C: The student must complete an additional nine (9) credits in Economics, at the 300 or 400 level, in addition to the required courses, to complete the major.

 

B. General Emphasis in the Bachelor of Science or Bachelor of Arts Degree

This program is recommended for students who seek a broad knowledge of the field of economics but do not need the technical training necessary for quantitative analysis.

  • Required Credits: 33 credits in Economics minimum, plus completion of the Mathematics requirement.
  • Required Courses: In addition to the 15 credits of Core Courses:
  • Electives: The student must complete an additional 12 credits in Economics, at the 300 or 400 level, in addition to the required courses, to complete the major. At least three of those credits must be at the 400 level.

 

C. International Emphasis

This program is recommended for students who seek an International Emphasis for the Economics Major in the Bachelor of Science and Bachelor of Arts degrees.

  • Required Credits: 36 credits in Economics minimum, plus completion of the Mathematics requirement.
  • Required Courses: In addition to the 15 credits of Core Courses
    • Requirement A: Economics 420
    • Requirement B: Complete two of the following options:
      • Economics 319
      • Economics 320
      • Economics 336
      • Economics 386
      • Economics 387
      • Economics 388
      • Economics 410
      • Finance 340, 440, 441 or 442
      • An approved International Experience, usually arranged by the Office of International Education at UW Oshkosh.
    • Requirement C: The student must complete an additional 12 credits in Economics at the 300 or 400 level. At least three of those credits must be at the 400 level.

 

D. Economics Major in the Bachelor of Business Administration

The Economics major is offered by the Economics Department through the College of Business.

  • Required Credits:  21 minimum
    • Required Courses: In addition to the College of Business Pre-Core and Core Courses:
      • Economics: Economics 329, 331, 472, 473 or 475, and at least 6 additional credits from Economics at the 300 and 400 level.
    • Electives: Sufficient to meet the minimum requirement by completing 6 upper-level division credits from the COB Department offerings.
 

The Minor(s)

 

1. Business Economics Minor

This program is recommended for students majoring in other fields such as Biology, Political Science, Psychology, History or a Foreign Language, for instance.  This minor is suitable for students who wish to enhance their major with a valuable and flexible program featuring courses in Business and Economics.

  • Required Credits: 21 credits in Business or Economics minimum, plus completion of the Mathematics Requirement.
    • Requirement A (3 courses):
      • Econ 201 Principles of Macroeconomics (3 crs.)
      • Econ 202 Principles of Microeconomics (3 crs.)
      • Econ 210 Economic and Business Statistics (3 crs.)
    • Requirement B (4 courses):
      • Choose two of any 400 level Economics courses (6 crs.)
      • Choose two of any 300 or 400 level Economics or College of Business courses (6 crs.)
  • Comments: 
    • Students in the Business Economics Minor may substitute ECON 210 with Math 301 with a C, Psych 203 with a B or Soc 281 with a B.
    • Education students pursuing a Business Economics Minor are required by their College to complete at least 22 credits in Economics.

 

Course Offerings

Economics    101 3 (crs.)
General Economics (XS)
Analysis of some of the major current issues in the American economy undertaken after a historical survey of the emergence of modern economic institutions. Not open to students with either Economics 204, 206, 208 or 209. Special fees may apply.
 
 
Economics    110Q1 3 (crs.)
Economics in Wisconsin (XS)
This course introduces students to the fundamental concepts in both micro and macroeconomics. Students then apply those concepts to explain economic current events and policies affecting Wisconsinites and the state of Wisconsin and discuss logical ideas for improving economic well-being.
 
 
Economics    201 3 (crs.)
Principles of Macroeconomics (XS)
Economic role of the government sector; government expenditures and taxation; national income analysis; economic fluctuations; money and banking; economic growth; international economics. Prerequisite: Completion of (or concurrent enrollment in) either Math 104, 106, 108, or 204, or qualified to enroll in Math 106, or Math 206 or Math 171 via UW Placement Exam. Not open to students who have completed Economics 319-499. Special fees may apply.
 
 
Economics    202 3 (crs.)
Principles of Microeconomics (XS)
Features of the American economy; demand, supply and the price system; consumer theory, theory of the firm, market structure; distribution of income; environmental and energy problems; comparative economic systems. Prerequisite: Completion of (or concurrent enrollment in) either Math 104, 106, 108, or 204, or qualified to enroll in Math 106, or Math 206 or Math 171 via UW Placement Exam. Not open to students who have completed Economics 319-499. Special fees may apply.
 
 
Economics    208 3 (crs.)
Honors: Principles of Microeconomics (XS)
Study of the system of production and distribution of goods and services in the American Economy. Topics include analysis of the operation of markets, consumer theory, production decisions, market structure, and the distribution of income. Emphasis is on study of economic policy and institutions. Prerequisite: Enrolled in good standing with The Honors College; prior or concurrent enrollment in Honors 175. Also concurrent enrollment in (or completion of) Math 104, 106, 108, or 204, or qualified to enroll in Math 171 via UW Placement Exam. Not open to students who have completed Economics 319-499. Special fees may apply.
 
 
Economics    209 3 (crs.)
Honors: Principles of Macroeconomics (XS)
Analysis of the factors that influence the level of employment, the rate of inflation, and the rate of growth of Gross Domestic Product. Topics include aggregate demand, aggregate supply, economic fluctuations, the role of money, fiscal and monetary policy, international trade, and productivity. Prerequisite: Enrolled in good standing with The Honors College; prior to concurrent enrollment in Honors 175. Also concurrent enrollment in (or completion of) Math 104, 106, 108, or 204, or qualified to enroll in Math 171 via UW Placement Exam. Not open to students who have completed Economics 319-499. Special fees may apply.
 
 
Economics    210 3 (crs.)
Economic and Business Statistics (XM)(MA)
Descriptive methods; probability and inference; regression and correlation. Prerequisite: Math 104 or 106 or 108 or 204 or 206 or 171 with a grade of C or better, or qualification for enrollment in Math 106 or 171 via Math Placement exam. Not open to students who have completed Economics 472 or 473.. Enrollment may be restricted to Economics and Business/Pre-Business majors.
 
 
Economics    307 3 (crs.)
Discrimination, Gender, and the Economy
Analysis of the experiences of women and ethnic minorities in the economy, extending the traditional interpretations of economic issues to the unique experiences of these groups. Economic tools will be developed, and then applied to such topics as Comparable Worth, Wage Determination, Occupational Choice and Segregation, Poverty, and the Criminal Justice System. Cross-listed: Economics 307/Women’s and Gender Studies/Social Justice 307. Students may receive credit for only one of the three cross-listed courses. Prerequisites: (ECON 101, 201, 202, 208 or 209) AND EITHER (Admitted to the College of Business; Admitted Econ Bus majors; Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    312 3 (crs.)
History of Economic Thought
Development of economic ideas from early mercantilistic thought through the twentieth century.  Prerequisites: (Economics 106 or 201 or 202 or 208 or 209 with a grade of C or better) AND EITHER (Admitted to the College of Business; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    319 3 (crs.)
Economics of Less Developed Countries (GS)
Economic and institutional conditions of less developed countries; ideas and performance records of promoting socio-economic development. Prerequisites: (ECON 201 or 209 and ECON 202 or 208 with a grade of C or better in both courses) AND EITHER (Admitted to the College of Business; Admitted Econ Bus majors, Econ COLS majors & minors) OR (60 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    320 3 (crs.)
Economics of the Caribbean through Service Learning (GS)
This course introduces the student to the social and economic characteristics of the Caribbean. In addition to lectures on the UWO campus, students will be actively involved in a community service project in a Caribbean country that addresses the development needs of this region. Prerequisites: (Econ 101, 201, 202, 208, or 209) AND EITHER (Admitted to the College of Business) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    329 3 (crs.)
Intermediate Microeconomic Theory
Theory of demand; pricing and output; allocation of resources; income distribution. Prerequisite: (MATH 171 or 206, and a grade of C or better in ECON 201 or 209 and ECON 202 or 208) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    331 3 (crs.)
Intermediate Macroeconomic Theory
Fundamentals of national income and product accounting; theory of the determination of income, output, employment, interest rate and price level; survey of economic growth models; application of fiscal and monetary policy. Prerequisites: (MATH 171 or 206, and a grade of C or better in ECON 201 or 209 and ECON 202 or 208) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    336 3 (crs.)
Comparative Economic Systems
An evaluation of existing and experimental economic systems in Europe, United States of America, transition economics, China and the Third World for their potential to meet anticipated future economic problems.  Prerequisites: (ECON 202 or 208 and ECON 201 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR ( 44 credits completed with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    339 3 (crs.)
Urban and Regional Economics and Policy
Location theory of economic activities; economics of urban sites and regions; analysis of urban-regional problems and policies. Prerequisites: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    340 3 (crs.)
Economics of Sports
The purpose of this class is to familiarize students with basic economic concepts as they pertain to the economics of sports.  Students will explore selected aspects of the sports business and be able to evaluate analytical arguments based on economic models as they pertain to sports issues.  An emphasis will be placed on such topics as demand, cost, franchising, stadium attendance/finance, and labor markets.  Prerequisites: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    360 3 (crs.)
Environmental Economics and Policy
A study of environmental problems and their causes in a free market context. Economic policy alternatives are evaluated for solving pollution and other environmental problems. Prerequisites: (ECON 202 or 208, with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minor) OR (60 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    363 3 (crs.)
Growth and Development of the U.S. Economy
Development of the United States economy, from its English origins to present time. Prerequisite: (ECON 204 or 209 AND ECON 206 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA). Special fees may apply.
 
 
Economics    368 3 (crs.)
Health Care Economics
A study of the economic structure of the health care industry and health care problems in the United States. Emphasis on the delivery and pricing of health care as well as alternative public policies dealing with cost and distribution problems. Prerequisites: (ECON 201 or 209 AND ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    386 3 (crs.)
Economics of Latin America
This course analyzes the economic issues surrounding the economic policies and economic development of Latin American countries.  We will examine the persistent barriers to economic development in Latin America, as well as the occasional success stories.  Economic principles will be used to understand the root balance of payments difficulties, exchange rate and debt crises, hyperinflation, dollarization, and geographical and income inequalities throughout the region.  Also, the course will evaluate Latin American development policies ranging from the import-substituting industrialization policies of the 1950’s to 1970’s to the market-oriented reforms of the 1980’s to the present.  Aid policies and international monetary institution advice and plans will be examined.  Prerequisites:  (ECON 202 or 208 AND ECON 201 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    387 3 (crs.)
Economic & Social Development of Great Britain
This course analyzes the economic issues surrounding the economic and social development of Great Britain, focusing mainly on the areas England and Scotland.  We will examine the historic perspectives of development and how those processes still affect current day economic life in the region. Our analysis will intertwine the history of both the social and economic, using economic principles to understand the current standard of living.  We will begin our study with the ancient peoples of the area, from earliest times through the Roman occupation, the middle ages, the industrial revolution, and onward to the modern day. Prerequisites: (ECON 101 or 201 or 202 or 208 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    388 3 (crs.)
Economics of European Integration & Growth
This course covers the evolution of modern economic growth and development in Europe, emphasizing institutional change.  Topics will be chosen to illustrate how theoretical frameworks are essential for understanding and evaluating both the past and the past’s connections to the present and future.  Prerequisites:  (ECON 202 or 208 and ECON 201 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    390 3 (crs.)
Transportation Economics
Analysis of organizational structures, operational characteristics, and managerial policies of railroads, motor carriers, domestic barge lines, airlines, and pipe lines. Emphasis on rates, services and public regulation. Prerequisites: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    399 3 (crs.)
Special Topics in Economics
The study of a current topic of Economic interest, not normally covered in our curriculum. Course details will be available in the department office.
 
 
Economics    403 3 (crs.)
Public Sector Economics
Economics of federal, state and local governments; analysis of the effects of expenditures, taxes and subsidies; intergovernmental fiscal relations; efficiency and decision making in the public sector.  Prerequisites: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    405 3 (crs.)
Money and Banking
Monetary systems and monetary policy; emphasis on the American banking system and the Federal Reserve System.  Prerequisites: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & Minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses All other students can take up to 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    410 3 (crs.)
International Capital Markets
This course analyzes the economic issues and impacts of capital movements among nations.  These issues include: open macroeconomic theory and policy, capital account imbalances, financial crises, exchange rate volatility, foreign direct investment, capital controls, monetary standards, emerging country impacts of capital mobility, monetary unions, and international regulatory regimes.  Prerequisites:  (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    415 3 (crs.)
Causes and Consequences of Economic Growth
This is a course in macroeconomics, and more specifically it represents an examination of macroeconomic theories and approaches to our society’s most pressing contemporary issues. Insofar as societies measure success via increased standards of living, however one chooses to define this, economic growth represents the fundamental economic issue. Moreover, while some countries have experienced exponential growth in the past 150 years, an examination of the data indicates frequent deviations along the way. These deviations are referred to as Business Cycles. This course seeks to examine not only the sources of economic growth, but also the consequences. In addition to developing an understanding of economic growth and business cycles, we will examine the issues of climate change (a consequence of economic growth) and financial crises (a cause of business cycles and a consequence of economic growth). Prerequisites: Econ 201 (or 209), 202 (or 208) AND EITHER AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA). Special fees may apply.
 
 
Economics    420 3 (crs.)
International Trade (GS)
Analysis of international trade, including the theory of free trade, the impact of trade barriers, and international trade organizations. Analysis of the international finance system, including the balance of payments, exchange markets, and exchange rate determination. Prerequisites: (ECON 202 or 208 and ECON 201 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA)Special fees may apply.
 
 
Economics    421 3 (crs.)
Honors: International Trade and Finance
Analysis of international trade, including the theory of free trade, the impact of trade barriers, and international organizations.  Analysis of international finance system, including the balance of payments, exchange markets, and macroeconomic policy in an open economy. Prerequisites: (ECON 201 or 209 and ECON 202 or 208 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA). In addition, students are expected to be familiar with high school algebra and geometry because graphical analysis is very important in presenting and understanding the subject matter involved. Special fees may apply.
 
 
Economics    431 3 (crs.)
Labor Economics
Analysis of the economy’s labor resource. Major topics include labor markets, workforce programs, economic security arrangements, the labor movement, and collective bargaining. Prerequisites: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    433 3 (crs.)
Managerial Economics
This course draws heavily on marginal economic analysis, quantitative optimization techniques, and statistical procedures to help management achieve established objectives. Management objectives are studied in a framework of short run profit maximization as well as in a long run framework. This long run theory of behavior encompasses a time dimension where the primary goal of a manager becomes wealth maximization rather than short run profit maximization.  Finally, an important element in the class is the relationship between the firm and society. Managerial Economics clarifies the role firms play in society and identifies means of increasing their benefits to society.  Prerequisites: (ECON 201 or 209 and ECON 202 or 208; and ECON 210 or MATH 301 with a grade of C or better in each class) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA)
 
 
Economics    437 1.5 (crs.)
Applied Monetary Policy and Practice
Students will learn how to forecast macroeconomic conditions. In doing so, students will examine how consumer and business practices affect, and are in turn affected by, the current conditions and outlook for the U.S. economy. Basic statistical skills necessary to forecast macroeconomic conditions will be taught. Students will analyze how the government’s monetary policy practices and government decision-making is based on such macroeconomic forecasts. As a team, the students will present a recommended macroeconomic policy to a board of economists at the Chicago Federal Reserve Bank. Prerequisites: (ECON 201 or 209 and ECON 202 or 208; and ECON 305 or 331 and ECON 210 or MATH 301 with a grade of C or better in each class) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    446 0 – 3 (crs.)
Independent Study
See Independent Study under Course and Academic Advisement Policies information for general course description, general prerequisites, and proper contract form requirements. Prerequisites: (ECON 201 or 209 and ECON 202 or 208 with a grade of C or better) AND EITHER (Admitted Business majors; All Econ majors) OR (44 credits wih no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA and consent of department chair) Special fees may apply.
 
 
Economics    456 1 – 3 (crs.)
Related Readings
See Related Readings under Course and Academic Advisement Policies information for general course description, general prerequisites, and proper contract form requirements. Prerequisites: (ECON 201 or 209 and ECON 202 or 208 with a grade of C or better) AND EITHER (Admitted Business majors; All Econ majors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA and consent of department chair) Special fees may apply.
 
 
Economics    459 3 (crs.)
Behavioral Economics
This course reviews recent findings in the fields of economics and psychology regarding errors in human judgment, and discusses their importance in an economic marketplace. It will increase awareness of the common flaws inherent in all humans’ decision-making, but explore how “choice architects” can use this information to improve social and economic outcomes in a variety of settings. Prerequisites: (ECON 202 or 208 AND ECON 210 or MATH 301 with a grade of C or better in each class OR Psychology 203 or Math 201 with a grade of B or better in each class) AND EITHER AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA). Special fees may apply.
 
 
Economics    460 3 (crs.)
Natural Resource Economics
An application of microeconomic principles to optimum use of land, water, energy, and other more specific resources. Alternative public policies are evaluated for the solution of resource allocation problems. Prerequisites: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses, and completion of either Math 171, or both Math 204 and Math 206) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    466 3 (crs.)
Industrial Organization
Regulatory and promotional policies and programs of the Federal Government affecting the operation of the market system. Prerequisites: (ECON 202 or 208 and ECON 201 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    471 3 (crs.)
Introduction to Mathematical Economics
The application of mathematical tools to economics with emphasis on the description and use of the tools; mathematical models of decision making and optimization. Prerequisites: (ECON 201 or 209 and ECON 202 or 208, and ECON 329 and 331, with a grade of B or better in each class, and completion of the mathematics requirement for economics majors) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA and permission of instructor) Special fees may apply.
 
 
Economics    472 3 (crs.)
Time Series Analysis and Forecasting
This class introduces a variety of methods to analyze time-series data and generate statistical forecasts. Analytical techniques such as seasonal and weighted averaging, exponential smoothing and auto-regressive moving averages will be studied. Students will work with computer software applications of real world economic and business problems to aid in development of decision-making skills. Prerequisites: (ECON 210 or Math 301, with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    473 3 (crs.)
Econometric Methods
An introduction to the statistical regression techniques widely used by researchers in Economics and Business Finance. Prerequisites: (ECON 210 or Math 301 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
 
 
Economics    474 3 – 6 (crs.)
Honors Thesis
Honors thesis projects include any advanced independent endeavor in the student’s major field of study e.g. a written thesis, scientific experiment or research project, or creative arts exhibit or production. Proposals (attached to Independent Study contract) must show clear promise of honors level work and be approved by a faculty sponsor. Course title for transcript will be ‘Honors Thesis.’ Completed projects will be announced and presented to interested students and faculty.  Prerequisites: In good standing with The Honors College, prior enrollment in HNRS 175 and HNRS 275, and senior standing.
 
 
Economics    475 3 (crs.)
Predictive Analytics
An introduction to the basic methods used in predictive analytics. The supervised learning methods covered in class may include decision trees, the native Bayes model, nearest neighbor methods, neural networks, Markov chains, multiple and logistic regression, and others. The course will provide students the ability to identify when to use each method, how to execute the methods learned, and how to interpret and apply the results. The methods require students to employ computer software when applying the course material to real world applications. Prerequisites: (ECON 210 or Math 301, with a grade of C or better) AND EITHER (Admitted COB majors or Econ COLS majors and minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business Courses and 2.5 GPA) Special fees may apply.
 
 
Economics    499 3 (crs.)
Senior Seminar in Economics
A seminar in applied economics which focuses on selected current economic problems. Prerequisites: (ECON 201 or 209 and ECON 202 or 208 with a grade of C or better, ECON 329 and ECON 331) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.