Introduction to the analysis of current national issues, including international business issues and business ethics, using the economic approach. Not open to students with prior credit in both Economics 2001 and 2002. F, Sp

Focuses on the overall economic issues of unemployment, inflation, the level and distribution of national income, growth and international trade. Competing macroeconomic models are analyzed along with the tools of government fiscal and monetary policy. F, Sp, Sum

LCCN: CECN 2213

Focuses on such concepts as demand, supply, elasticity, production and cost. Analyzes market models of perfect competition, monopoly and imperfect competition. Includes discussion of international trade issues and government interventions. F, Sp, Su

LCCN: CECN 2223

The nature and function of money, credit and banking in the economic system. Modern monetary theory and problems; the course of financial development; international monetary relations; fiscal and monetary policies. Prerequisites: 2001, 2002. F, Sp

LCCN: CECN 3113

General characteristics of business cycles and theories as to their cause. Fluctuations in economic activity, their importance, principal explanations suggested, and proposed remedies. Methods of estimating the probable degree and direction of business and economic change with a view to reducing business risk and uncertainty. Prerequisite: 201, 202.

The historic setting, conditions of employment, wages, organization and conflicts, public interest, and regulation. Prerequisite: 2002. F

Current position of public regulation in labor relations; economic analysis of legislative, executive, and judicial actions to determine rights, duties, and responsibilities of labor unions and employers. Prerequisite: 202.

Theory and behavior of consumers, analysis of production and costs, optimal decision making by the firm in competitive, monopolistic and imperfectly competitive markets, optimal resource allocation. Prerequisite: 201, 2002.

Determinants of national income and employment. The role of consumption spending, business investment, government spending, and taxing and monetary policies in determining the level of economic activity. Prerequisites: 2001, 2002.

The theory of international trade from Mercantilism and the Classical world to modern Neo-classical theories; the impacts of trade policies; economic integration. Prerequisites: 2001, 2002.

Determination of optimal prices, output and input utilization. Estimation of demand and cost. Decision making in the presence and absence of market power. Prerequisites: 2002, QMDS 2010. F

Application of microeconomic principles to problems involving exhaustible resources, renewable resources, and environmental services. Pollution, resource depletion, and the role of government in the market are discussed. Effects of policy tools such as taxation, ceiling prices, and emission standards are analyzed. Prerequisite: 2001, 2002. (Formerly Resource Economics.)

Current problems of economic life and possible solutions; analysis of present policies of government and industry as such policies are influenced by foreign economic organization and cooperation. Prerequisite: 201, 202.

Theory and practice of local, state, and federal government expenditures and revenues; shifting and incidence of the various forms of taxation; consideration of the integrating of revenues and expenditures into fiscal policy and reform. Prerequisite: 201, 202.

Decision theory, monetary value of information, game theory, information problems associated with insurance markets such as adverse selection and moral hazard, and the economics of bargaining. Prerequisite: 202 and junior standing.

Economic principles as applied to government regulation of business. The impact of legislation and commission regulation on public policies. The regulatory effect of tax laws. Prerequisite 201, 202.

An examination of issues related to the economic status of persons as they grow older. Attention will be given to problems and policies which relate to income maintenance planned and unplanned expenditures, inflation, reduced income, post-retirement employment, public and private pensions, health insurance, pre-retirement counseling and legislative reforms. Prerequisite: 201 or SOCL 101 or permission of instructor. (Formerly 510) F

Econometric theory and modeling stressing time series forecasting of macroeconomic variables. Applied analysis using regression techniques with some cross- section estimation. Prerequisite: 3005 or 3012, QMDS 2010.

Individual study of selected economics topics under the direction of a senior faculty member. Prerequisite: Approval of Department Head. F, Sp, Sum

Selected current problems in economics; coordinated individual studies will be pursued, with group analysis and discussion at regular class meetings. Prerequisites: 2001, 2002 or the permission of the graduate coordinator.

Fundamental theories of macro- and micro- economics and their application in the development of economic policies to achieve public and private economics goals. (Not applicable as an elective for MBA students.)

Analysis of the health care industry and markets. Incentives of market participants; patients, physicians, hospitals, and third-party payers as well as market outcomes are discussed.

Individual study of topics in advanced economics under the direction of a senior faculty member. Prerequisites: Twelve semester hours of BMBA courses and a minimum graduate GPA of 3.5.