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Economics Course Descriptions

ECON 100 General Education Economics (5)

[Satisfies the GECR for social sciences, list 1, economics and government.]

General consideration of economic reasoning and methodology through examination of fundamental concepts in micro- and macroeconomics and through extension and applications of economic theory.

ECON 200 Introduction to Microeconomics (5)

[completion of the sequence ECON 200 and 201 satisfies the GECR for social sciences, list 1, economics and government; counts as one course.]

Prerequisite: MATH 104 completed.

Examines the general functioning of a price system using fundamentals of supply and demand. Explores the variety of market forms, theory of factor incomes and the effects of government intervention to promote efficiency and equity.

ECON 201 Introduction to Macroeconomics (5)

[completion of the sequence ECON 200 and 201 satisfies the GECR for social sciences, list 1, economics and government; counts as one course requirement.]

Prerequisite: MATH 104 completed.

Reviews national income accounts and the determinants of national income and employment for an economy. Explores the impact of monetary and fiscal policy on aggregate performance and considers specific problems such as full employment, inflation, economic growth and international economic relations.

ECON 300 Microeconomics (5)

Prerequisite: MATH 104 completed.

Accelerated introduction to microeconomics for students in professional programs; substitutes for ECON 200.

ECON 301 Macroeconomics (5)

Prerequisite: MATH 104 completed.

Accelerated introduction to macroeconomics for students in professional programs; substitutes for ECON 201.

ECON 399 Special Studies (3-5)

Prerequisites: ECON 200 and 201 or permission of the instructor, department chair and college dean.

Subjects studied vary according to faculty and student interest.

ECON 404 Intermediate Microeconomic Theory (5)

Prerequisites: ECON 200 and 201 or instructor permission.

Theoretical basis of exchange, production, private markets and their forms, income distribution, the public sector, resource allocation, welfare economics and application of economic theory to public and private decision making.

ECON 405 Intermediate Macroeconomic Theory (5)

Prerequisites: ECON 200 and 201 or instructor permission.

With references to recent experiences, a theoretical framework is developed to explain the determination of output, employment, price level, interest rate and economic growth of an aggregate economy. Using case studies, policy implications and alternatives are explored.

ECON 412 Economic History of the United States (5)

Prerequisite: junior standing.

Economic development of the United States from the early colonial period to the present: explorations, westward movement, labor, rise of great industries, world trade and post-war economic problems. (Cross-listed HIST 487)

ECON 415 History of Economic Thought (5)

Prerequisite: junior standing.

Economic thought to the early 20th century; special attention to selected writers including Aristotle, the Mercantilists, the Physiocrats, Hume, Smith, Malthus, Ricardo, Marx, the Marginalists and Marshall.

ECON 417 Political Economy (5)

Prerequisite: junior standing.

How public decisions can be made more rational, more productive of welfare, or more in the general interest. Selected literature from economics, political science and related disciplines provides an analytical framework for the discussion of a number of social problems.

ECON 421 Labor Economics (5)

Prerequisite: ECON 200 or instructor permission.

Supply and demand for labor and important institutions in the labor market, especially the upgrading of labor via education and vocational training, the mobility of labor, the influence of trade unions on wages, the effects of race and sex discrimination on wages and labor's inflation unemployment problems.

ECON 424 Economics of Poverty and Discrimination (5)

Prerequisite: junior standing.

[Satisfies cultural and gender diversity university graduation requirement.]

Causes of poverty and evaluation of anti-poverty programs. Examines economic theories of discrimination from different perspectives with a particular focus on issues of gender and race. (Cross-listed AAST 424, WMST 426)

ECON 427 The Economics of Women and Work (5)

Prerequisite: junior standing.

[Satisfies cultural and gender diversity university graduation requirement.]

Economic impact of the increasing participation of women in the paid labor force of the United States. Economic theories of labor force participation, discrimination and occupational segregation. Current issues such as comparable worth, affirmative action, nontraditional careers, corporate policies, sexual harassment, child care and social welfare programs. (Cross-listed WMST 427)

ECON 429 Women and Men in the U.S. Economy (1)

In the course we examine the economic activity and labor force participation of women and men in the United States. Employment issues, such as labor market discrimination, affirmative action and comparable worth will be discussed. Other topics include income distribution, poverty, welfare programs and the tax system. (Cross-listed WMST 402)

ECON 430 Mathematical Economics (5)

Prerequisites: ECON 200 or instructor permission.

Mathematical methods and techniques applied to economic problems.

ECON 437 Econometrics (5)

Prerequisites: ECON 200 and 201 and DSCI 245 or MATH 380 or MATH 385 or instructor permission.

Using appropriate statistical software packages for data analysis, examines applications of linear regression and hypothesis testing to provide information for economic and business decision-making.

ECON 438 Econometrics II (5)

Prerequisites: ECON 437 or instructor permission.

This course extends the modeling, estimation, inference and forecasting tools to include moment-based estimation, simultaneous equations models, non-stationary data and cointegration, VAR and ARCH models.

ECON 444 Money and Banking (5)

Prerequisite: ECON 200 and 201 or instructor permission.

Reviews contemporary U.S. banking practices and regulations; surveys theories of interest rates and bank behavior; surveys monetary policies and determinants and effects of Federal Reserve policies.

ECON 445 Insurance and Risk (5)

Prerequisite: ECON 200 or instructor permission.

This course examines the principles of insurance and ways of managing risk. It includes discussion of the development and forms of private and social insurance programs. (Cross-listed FINC 432)

ECON 450 Public Finance and Public Policy (5)

Prerequisite: ECON 200 or instructor permission.

Examines the causes and consequences of government in the U.S. economy and impact of government expenditure and revenue-raising activities.

ECON 452 Health Economics (5)

Prerequisite: ECON 200 or instructor permission.

Examines economic aspects of health care, including factors influencing the demand and supply of health services and the roles of insurance and government in health care markets.

ECON 454 Sports Economics (5)

Prerequisite: ECON 200 or instructor permission.

This course uses microeconomic principles to examine the behavior of individuals, teams, leagues, unions and government in the production and consumption of sports entertainment. Topics covered include: competitive balance, salary caps, stadium financing and collective bargaining.

ECON 457 Natural Resource Economics (5)

Prerequisite: ECON 200 or instructor permission.

Uses microeconomic reasoning and models to examine the allocation and management of non-renewable and renewable resources such as land, water, fossil fuels and mineral resources, fisheries and forests.

ECON 458 Regional Economics (5)

Prerequisite: ECON 200 or instructor permission.

Economic analysis of sub-national regional economies. Topics covered: spatial economic theory; regional economic growth and stability, land use, urban problems and policies, transportation issues, local government public finance and methods of regional analysis. Emphasis on the Pacific Northwest.

ECON 470 International Economics (5)

Prerequisite: ECON 200 and 201 or instructor permission.

[Satisfies international studies university graduation requirement.]

Interaction of national economics and the problems arising there from, particularly trade and payments problems and the development of regional and international economic institutions.

ECON 474 International Finance (5)

Prerequisites: ECON 200 and 201, FINC 335 or instructor permission.

The material in this course develops a general framework to analyze international financial markets, exchange rates, exchange rate derivatives and open macroeconomic economies.(Cross-listed FINC 474, IBUS 474)

ECON 475 Economic Development (5)

Prerequisite: ECON 200 and 201 or instructor permission.

[Satisfies international studies university graduation requirement.]

Development prospects of present-day underdeveloped countries. Historical development of industrial countries by analogy. Attention given to both economic and non-economic factors in the development process and to population problems and human resource development.

ECON 490 Senior Capstone: The Job Market (5)

Prerequisites: 10 credits 400 level ECON courses or instructor permission.

[Satisfies senior capstone university graduation requirement.]

Course has four components: (1) reviews modern theories of employment, job search and wage determination (2) empirical review of the regional job market (3) portfolio preparation (4) program assessment.

ECON 495 Internship (3-5)

Prerequisites: permission of the instructor, department chair and college dean.

ECON 497 Workshops, Short Courses, Conferences (1-5)

ECON 498 Seminar (3-5)

ECON 499 Directed Study (1-5)

Prerequisites: permission of the instructor, department chair and college dean. and ECON 200 and 201 and at least five credits of prior 400 level ECON courses.

Independent study projects in selected fields of economics. Limited to senior and graduate students.

ECON 500 Economic Analysis (4)

Prerequisites: not open to those who have completed ECON 200 and ECON 201.

This is an accelerated course in micro- and macroeconomic principles, including these topics: functioning of a price system, supply and demand, forms of markets, theory of factor income, market interventions by government, macroeconomic measurements, determinants of national income and output, effects of monetary and fiscal policy and long-term growth.

ECON 515 Economics for Managers (4)

Prerequisites: permission of the MBA Director, or both of the following: admission to the MBA Program and completion of BADM 520.

This course is a study of economic theory and its specific applications to the manager's decision-making.

ECON 598 Graduate Seminar (1-4)

Prerequisites: permission of the instructor.

Variable topics.

ECON 599 Independent Study (1-4)

Prerequisites: permission of the instructor, department chair and college dean.

ECON 696 College Teaching Internship (1-4)

Teaching a lower-division college course under supervision of a regular faculty member. Includes course planning, arranging bibliographical and other instructional aids, conferences with students, experience in classroom instruction and student course evaluation.

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