Course Descriptions

[For descriptions of the Mathematics courses required for the Mathematical Economics major click  here.]


150. Introduction to Economics. (3h)
A survey of micro and macroeconomic principles. Introduction to basic concepts, characteristic data and trends, and some analytic techniques. Preference in enrollment will be given to students with sophomore or upper class standing.
205. Intermediate Microeconomics I. (3h)
Development of demand and supply analysis, neoclassical theory of household and firm behavior, and alternative market structures. P–ECN 150 and MTH 111 or 112.


206. Intermediate Microeconomics II. (3h)
More advanced theory of maximizing behavior of economic agents with discussion of risk, uncertainty, and economic dynamics. Theory employed in assessment of policy issues. P–ECN 205.


207. Intermediate Macroeconomics (3h)

Development of macroeconomic concepts of national income, circular flow, income determination, causes of unemployment, IS-LM analysis, inflation and growth.  Emphasizes contributions of Keynes and the Keynesian tradition.  P–ECN 150 and MTH 111 or 112.


209.  Applied Econometrics.  (3h)
An introduction to regression analysis methods used to estimate and test relationships among economic variables.  Selected applications from microeconomics and macroeconomics are studied.  Emphasis is on examining economic data, identifying when particular methods are appropriate, and interpreting statistical results.  P-ECN 150 and MTH 109 (or similar course, including ANT 380; BIO 380; BEM 201; HES 262; MTH 358; or SOC 271).

210.  Optimization Techniques in Economics. (1.5h)

Development of formal models of consumer behavior, choice under risk, the firm, and demand and supply. Static and dynamic properties of the models are explored. P–ECN 205 and C–MTH 113 and 121.


211. Macroeconomic Dynamics. (1.5h)
Development of formal Keynesian, post-Keynesian, monetarist, and new classical macro models. Static and dynamic properties of the models are explored. P–ECN 207 and C–MTH 113 and 121.


215. Econometric Theory & Methods. (3h)
Estimation and inference in relation to quantitative economic models.  Methods covered include Ordinary Lease Squares, Generalized Least Squares and Maximum Likelihood.  P–ECN 150 and MTH 109, MTH 113 and MTH 121.  


216. Game Theory. (3h)
Introduction to mathematical models of social and strategic interactions. P—ECN 205 and MTH 109.


218. Advanced Topics in Mathematical Economics. (3h)

Advanced mathematical techniques such as dynamic programming or lattice theory, and the application of these techniques to optimization and equilibrium problems in various fields of economics; such as, growth theory, search theory, and auction theory.  P–ECN 205, ECN 207 and MTH 111 and MTH 112.

221. Public Finance. (3h)
Examines the economic behavior of government. Includes principles of taxation, spending, borrowing, and debt management. P—ECN 205 and ECN 209.


222. Monetary Theory and Policy. (3h)
An investigation of the nature of money, the macroeconomic significance of money, financial markets, and monetary policy. P–ECN 207.


223. Financial Markets. (3h)
A study of the functions, structure, and performance of financial markets. P–ECN 205 and ECN 207.


224. Law and Economics. (3h)
An economic analysis of property, contracts, torts, criminal behavior, due process, and law enforcement. P–ECN 205.


225. Public Choice. (3h)
Traditional tools of economic analysis are employed to explore such topics in political science as political organization, elections, coalition formation, the optimal provision of public goods, and the scope of government. P—ECN 205 and ECN 209.


226. Theory of Social Choice (3h)
Development of Constitutional Economics in establishing rules for governmental and group decision-making by democratic means. Implications for various voting rules are considered in terms of both positive and normative criteria. P–ECN 205


231. Economics of Industry. (3h)

Analysis of the link between market structure and market performance in U.S. industries from theoretical and empirical viewpoints. Examines the efficiency of mergers, cartels, and other firm behaviors  Case studies include automobiles, steel, agriculture, computers, sports, and telecommunications. P–ECN 205.


232. Antitrust Economics. (1.5h,3h)
Analysis of the logic and effectiveness of public policies designed to promote competition in the United States.
P–ECN 150 and ECN 205. 


235.  Economics of Labor Markets.  (3h)
A theoretical and empirical survey of labor markets. Topics include: the demand and supply of labor, compensating wage differentials, education and training, discrimination, unions, public sector employment, earnings inequality, and unemployment. P–ECN 205 and ECN 209.


236. Economics of Higher Education (3h)
Applies economic theory and data analysis in an investigation of important current issues in higher education.  Issues of prestige, admissions, financial aid, access, student and faculty quality, alumni giving and endowments, and externalities will be addressed.  P-ECN 205 and ECN 209.


240. Economics of Health and Medicine (3h)
Applications of the methods of economic analysis to the study of the health care industry. P-ECN 150 and P- or  C— an applied statistics class such as (choose one): ANT 380, BIO 380, BEM 201, ECN 209, ECN 215, HES 262, MTH 256, MTH 358, or SOC 371, or POI


241. Natural Resource Economics (3h)
Develops the economic theory of natural resource markets and explores public policy issues in natural resources and the environment. P—ECN 150.


251. International Trade. (3h)
Development of the theory of international trade patterns and prices and the effects of trade restrictions such as tariffs and quotas. P–ECN 205.


252. International Finance. (3h)
The study of the open macro economy, with a particular focus on the foreign exchange market and the history of the international monetary system. P–ECN 205 and ECN 207.
258. Economic Growth and Development. (3h)
A study of the problems of economic growth, with particular attention to the less developed countries of the world. P–ECN 205 or POI.
261. American Economic Development. (3h)
The application of economic theory to historical problems and issues in the American economy. P–ECN 150.


262. History of Economic Thought. (3h)
A historical survey of the main developments in economic thought from the Biblical period to the twentieth century. P–ECN 205 and ECN 207.


265. Economic Philosophers. (1.5h,3h)
An in-depth study of the doctrines and influence of up to three major figures in economics, such as Smith, Marx, and Keynes. P–ECN 205 and ECN 207.


266. Economics of Entrepreneurship. (3h)
An examination of the economic constraints and opportunities facing entrepreneurs and their impacts on the economy. Blends economic theory with an empirical investigation of the lives and actions of entrepreneurs in the past and the present. P–ECN 150. Also listed as ESE 371.
270. Current Economic Issues. (1.5h,3h)
Examines current economic issues using economic theory and empirical evidence. Topics may include recent macroeconomic trends, the distribution of income, minimum wages, immigration, Social Security, war, global climate change, trade, regulation and deregulation, antitrust policy, health care, labor unions, tax reform, educational reform, and others.
P–ECN 150. 
271. Selected Areas in Economics. (1h,1.5h,3h)
Survey of an important area in economics not included in the regular course offerings. The economics of housing, education, or technology are examples. Students should consult the instructor to ascertain topic before enrolling. P–ECN 150.


272. Selected Areas in Economics. (1h,1.5h,3h)
Surveys an important area in economics not included in the regular course offerings. The economics of housing, education or technology are examples. Students should consult the instructor to ascertain topic before enrolling. P–ECN 205 and 207.
274. Topics in Macroeconomics. (3h)
Considers significant issues and debates in macroeconomic theory and policy. Examples might include a New Classical-New Keynesian debate, currency crises, conversion of federal deficit to surplus, competing models of economic growth, alternative monetary and fiscal policy targets. P–ECN 207.


290. Individual Study. (1.5h,3h)
Directed readings in a specialized area of economics. P–Permission of instructor.


298. Economic Research. (3h)
Development and presentation of a senior research project. Required of candidates for departmental honors. P–ECN 209 or ECN 215 (and permission of department.)

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