Search
MyUMUC
ECON201 Principles of Macroeconomics (3 cr.)
An introduction to the problems of unemployment, inflation, and economic growth. Emphasis is on the roles of monetary policy and fiscal policy in determining macroeconomic policy. The efficacy of controlling wages and prices is analyzed. Students may receive credit for only one of the following courses: ECON 201 or ECON 205.
ECON203 Principles of Microeconomics (3 cr.)
Analysis of the principles underlying the behavior of individual consumers and business firms. Topics include problems of international trade and finance, distribution of income, policies for eliminating poverty and discrimination, problems of environmental pollution, and effects of various market structures on economic activity.
ECON301 Current Issues in American Economic Policy (3 cr.)
Prerequisites: ECON 201 and ECON 203. Analysis of current economic problems and public policies. Topics include market power, federal budget and tax policy, governmental regulation, inflation, unemployment, poverty and distribution of income, and environmental issues.
ECON305 Intermediate Macroeconomic Theory and Policy (3 cr.)
Prerequisite: ECON 201. Analysis of forces that determine a nation's income, employment, and price levels. Topics include consumption, investment, inflation, and governmental fiscal and monetary policy. Students may receive credit for only one of the following courses: ECON 305, ECON 403, or ECON 405.
ECON306 Intermediate Microeconomic Theory (3 cr.)
Prerequisite: ECON 203. Analysis of the principles underlying the behavior of individual consumers and business firms. Theories of marketing systems, distribution, and the roles of externalities are covered. Students may receive credit for only one of the following courses: ECON 306 or ECON 403.
ECON307 Development of Economic Ideas: Social & Political (3 cr.)
Prerequisite: ECON 201. A study of the development of economic ideas as they relate to underlying philosophies, views of the prospects of humanity, the role of values, methods of analysis, social history, and contemporary politico-economic problems. Theories advanced by Marx, Marshall, Veblen, Schumpeter, Samuelson, Friedman, Keynes, Galbraith, Myrdal, Robinson, and others are discussed.
ECON311 American Economic Development (3 cr.)
Prerequisites: ECON 201 and ECON 203. An analysis of the major issues in the growth and development of the American economy. Basic economic theory is considered as it affected and was affected by such institutions and events as agriculture, banking, industrialization, slavery, transportation, and the Great Depression of the 1930s.
ECON315 Economic Development of Underdeveloped Areas (3 cr.)
Prerequisites: ECON 201 and ECON 203. Analysis of the economic and social characteristics of underdeveloped areas. Recent theories about economic development, obstacles to development, and policies and planning for development are discussed. Students may receive credit for only one of the following courses: ECON 315 or ECON 416.
ECON370 Labor Markets, Human Resources, and Trade Unions (3 cr.)
Prerequisites: ECON 201 and ECON 203. A survey of labor markets and the American labor movement. Topics include the growth and composition of the labor force, theories of determining wages, the wage/price spiral, collective bargaining, problems of unemployment and labor-market operations, and governmental regulation of employment and labor relations. Students may receive credit for only one of the following courses: ECON 370 or ECON 470.
ECON380 Comparative Economic Systems (3 cr.)
Prerequisites: ECON 201 and ECON 203. A comparative analysis of the theory and practice of various types of economic systems, especially the economic systems of the United States, the former Soviet Union, the People's Republic of China, Western and Eastern Europe, and less-developed countries.
ECON381 Environmental Economics (3 cr.)
Prerequisite: ECON 201. Application of economic theory to problems of environmental quality and management. The theory behind common-property resources, economic externalities, alternative pollution-control measures, and limits to economic growth is discussed.
ECON385 Economics of Natural Resources (3 cr.)
Prerequisite: ECON 203 or ECON 205. Economic analysis of problems with natural resources, emphasizing the usage rate of exhaustible resources and the obstacles to growth that such consumption creates.
ECON398B Business Economics (3 cr.)
An examination of economic theory as applied to decisions made by business, using a case study approach. Topics include production, size of firm, location decisions, and the range of basic microeconomic theories applied to the firm. The impact of the business cycle on general economic activity, social cost of production, and consumption decisions made by households are also covered. The goal is to understand how basic economic theory applies to everyday management decisions made by small and large businesses.
ECON398D Economics and Everyday Life (1 cr.)
(For those with no background who would like to acquire a basic economic literacy to read newspapers and understand policy debates.) An examination of the basic dynamics of the U.S economy. Topics include demystifying economics; politicians and economics; the American standard of living; income inequality; economical effects on gender and race; personal effects of the national debt, budget deficits, the stock market, unemployment, inflation, and the Federal Reserve; and disagreements on economic policy.
ECON399 Individual Reading & Research for Undergraduates (6 cr.)
Prerequisite: 6 semester hours of upper-level economics coursework. Directed independent study of topics of special interest not covered by regularly scheduled courses in economics. Interested students must find a faculty member to act as supervisor. May be repeated to a maximum of 6 credits when topics differ.
ECON422 Quantitative Methods in Economics I (3 cr.)
Prerequisites: ECON 201, ECON 203, and STAT 230. A study of the interaction between problems of economics and the assumptions of statistical theory. Formulation, estimation, and testing of economic models (including theory of identification, techniques of single-variable and multiple-variable regression, and issues of inference) are explained. Assignments include independent work relating the material in the course to an economic problem chosen by the student.
ECON425 Mathematical Economics (3 cr.)
Prerequisites: ECON 201, ECON 203, and MATH 220. An explanation of the simpler aspects of mathematical economics. The types of calculus and algebra that are required for economic analysis are presented.
ECON430 Money and Banking (3 cr.)
Prerequisites: ECON 201 and ECON 203. An examination of the structure of financial institutions and their role in providing money and near-money. Institutions, processes, and correlations analyzed include the functions of the Federal Reserve System, the techniques of central banks, the control of the supply of financial assets as a mechanism of stabilization policy, and the relationship of money and credit to economic activity and prices. Students may receive credit for only one of the following courses: ECON 430 or ECON 431.
ECON440 International Economics (3 cr.)
Prerequisites: ECON 201 and ECON 203. A description of international trade and an analysis of international transactions, exchange rates, and balance of payments. Policies of protection, devaluation, and exchange-rate stabilization and their consequences are also analyzed. Students may receive credit for only one of the following courses: BEHS 440, ECON 440, or ECON 441.
ECON450 Introduction to Public-Sector Economics (3 cr.)
Prerequisites: ECON 201 and ECON 203. A study of public finance that examines the roles of federal, state, and local governments in meeting the demands of the public. Analysis covers theories of taxation, public expenditures, governmental budgeting, benefit/cost analysis, and redistribution of income, as well as their applications in public policy. Students may receive credit for only one of the following courses: ECON 450 or ECON 454.
ECON484 The Economy of China (3 cr.)
Prerequisites: ECON 201 and ECON 203. An inquiry into policies of the Chinese economy and how it has performed since 1949. A survey of the economic history of the People's Republic stresses the strategies and institutional innovations that the mainland Chinese have adopted to overcome problems in their economic development. Some economic controversies raised during the Cultural Revolution are covered in reviewing the problems and prospects of the current Chinese economy.
ECON486A Internship in Economics Through Co-op (3 cr.)
Prerequisite: Formal admission to the Co-op program (program requirements are listed on p. 00). An opportunity to combine academic theory with new, career-related experience in economics. At least 12 hours per week must be devoted to new tasks for a minimum of 180 hours during the Co-op session; four new tasks must be delineated in the Learning Proposal; and the course requirements must be completed. May be repeated upon approval of a new Learning Proposal that demonstrates new tasks and objectives related to economics and that continues to advance application of academic theory in the workplace. Students may earn up to 15 semester hours in all internship coursework through Co-op toward a first bachelor's degree and up to 9 semester hours toward a second bachelor's degree. Co-op credits may not be used for general education requirements and, unless otherwise specified, no more than 6 Co-op credits may be used in the academic major and minor (combined).
ECON486B Internship in Economics Through Co-op (6 cr.)
Prerequisite: Formal admission to the Co-op program (program requirements are listed on p. 00). An opportunity to combine academic theory with new, career-related experience in economics. At least 20 hours per week must be devoted to new tasks for a total of 300 hours during the Co-op session; five to eight new tasks must be delineated in the Learning Proposal; and the course requirements must be completed. May be repeated upon approval of a new Learning Proposal that demonstrates new tasks and objectives related to economics and that continues to advance application of academic theory in the workplace. Students may earn up to 15 semester hours in all internship coursework through Co-op toward a first bachelor's degree and up to 9 semester hours toward a second bachelor's degree. Co-op credits may not be used for general education requirements and, unless otherwise specified, no more than 6 Co-op credits may be used in the academic major and minor (combined).
ECON490 Survey of Urban Economic Problems and Policies (3 cr.)
Prerequisites: ECON 201 and ECON 203. An introduction to the study of urban economics by means of examining issues in current policy. Topics may include urban renewal, economic development in ghettos, problems concerning transportation, the development of new towns, and problems concerning provision of services (such as education and police protection).