University of Wisconsin-Whitewater2002-2004 Undergraduate Catalog

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DEPARTMENT OF ECONOMICS


E-Mail: economics@uww.edu

Faculty: Jeffrey Anstine, Ashok Bhargava (Chairperson), William Blankenau, John Dominguez, Joseph Domitrz, Stuart Glosser, Jeffrey Heinrich, Kirk Kim , Jerome Laurent, L. Denton Marks, Susan Parks, Thomas Schweigert, Mark Skidmore, Sandra Snow.
 
 

Economics occupies a unique position in the academic curriculum. It is a social science concerned with choices made by individuals and society regarding resource allocation. At the same time, economics is essential to understanding the business world and provides the foundation for applications in accounting, finance, management and marketing.
 
 

There are a variety of ways to include economics in an undergraduate degree. Students can major in economics within the College of Letters and Sciences or within the College of Business and Economics. Students from the College of Letters and Sciences can combine a major in economics with a professional minor in business studies. Students from the College of Business and Economics or the College of Letters and Sciences who are not economics majors can obtain a minor in economics. Students in the College of Education can obtain a BSE with a major in economics.
 
 

Economics is divided into economic theory, quantitative methods and a variety of applied subfields. The department offers courses in Comparative Economics, Economic Development, Economics of Health Care, Industrial Organization, International Economics, Labor, Managerial Economics, Monetary Economics, Natural and Environmental Resource Economics, Public Economics, and Urban and Regional Economics. Economic theory and quantitative methods provide students with analytical skills and with the tools of empirical investigation.
 
 

An economics education opens up opportunities for career paths in business, government, nongovernmental and nonprofit organizations, journalism and education. Economics is valuable as a major or minor for those planning to pursue further professional or graduate training: MBA, law, public policy and administration, industrial and labor relations, and international relations. Students who are considering graduate work in economics or related business disciplines should consider a minor in mathematics or a double major in economics and mathematics.
 
 

MAJORS/EMPHASES

The department offers the following three emphases. All students pursuing an emphasis must take Economics 211, 212, 301, 302 and 402 (for BA or BS) or 345 (for BBA).
 
 

These are particularly useful for those interested in policy-related careers. Economics provides intellectual tools fundamental to the origination, development, and critique of policy in the business, nonprofit, and public sectors.
 
 

International Emphasis: This emphasis is of value to students seeking a career in business, government or non-governmental organizations involved with the increasing globalization of the world economy. It provides students with a comprehensive background in: international trade and trade policy; international finance and exchange rates; multinational enterprise and foreign investment; economic growth and development in developing and transition economies; comparative economic systems.
 
 

Courses:

 ECON 360 Growth and Development in the World Economy

 ECON 401 International Economics

 ECON 406 International Finance and Banking

 ECON 431 Economics of Globalization

 ECON 451 Economies of Asia

 ECON 459 Comparative Economic Systems
 
 

Economies and Business Policy Emphasis: This emphasis is of value for careers involving strategic and tactical planning in the private sector. It develops skills in issue/problem identification and definition, formulation of hypotheses, model-building and model-testing. Business policy involves some or all of the core business areas such as marketing, finance, and accounting, but takes a broader view of the overall role of the firm and the industry in which it operates. Courses of particular interest include:
 
 

ECON 301/501 Intermediate Microeconomic Analysis

 ECON 302/502 Intermediate Macroeconomic Analysis

 ECON 341 Government and Business

 ECON 345 Business Statistics II

 ECON 353 Labor Markets and Labor Policies

 ECON 354 Money and Banking

 ECON 401 International Economies

 ECON 402 Business Cycles

 ECON 406 International Finance and Banking

 ECON 437 Managerial Economics

 ECON 441/641 Industrial Organization and Competitive Strategies
 
 

Students completing this emphasis will be well prepared for direct entry into a business career path or for further graduate or professional study (e.g., a general or specialized MBA).
 
 

Economics and Public Policy Emphasis: This emphasis is for those seeking a career in government: in the civil service; as an elected official. Also careers involving formulation of public policy through organizations as diverse as trade associations and nonprofit organizations. Courses of particular interest include:
 
 

ECON 301/501 Intermediate Microeconomic Analysis

 ECON 302/502 Intermediate Macroeconomic Analysis

 ECON 324 Cooperatives

 ECON 353 Economics of Labor Markets and Labor Policies

 ECON 356 Public Finance

 ECON 360 Growth and Development in the World Economy

 ECON 401 International Economics

 ECON 406 International Finance and Banking

 ECON 438/638 Urban, Regional, and Transport Economies

 ECON 445 Economics of Health Care

 ECON 459/659 Comparative Economic Systems

 ECON 471 Natural Resource and Environmental Economics
 
 

Students completing this emphasis will be prepared either for direct entry into careers in public policy analysis in the public or private sector or for further graduate or professional study in areas such as Public Policy Analysis or Public Administration. The curriculum relevant to those particularly interested in public policy toward business (e.g., business regulation, trade policy) are referred to the discussion of the Economics and Business Policy Emphasis.
 
 

ECONOMICS (BBA)
 
 

MAJOR - 21 UNITS

 1. ECON 345, ECON 301 AND ECON 302

 2. SELECT 12 UNITS (COURSE LEVEL 300 OR 400)

 FROM ECONOMICS DEPARTMENT
 
 

ECONOMICS - BUSINESS POLICY EMPHASIS (BBA)
 
 

MAJOR - 27 UNITS

 1. ECON 301, ECON 302, ECON 345

 2. SELECT 12 ELECTIVE UNITS FROM THE FOLLOWING:

 ECON 341, ECON 353, ECON 354, ECON 402, ECON 437, ECON 441, OR ECON 493

 3. SELECT 6 UNITS FROM

 MARKETNG 321, MARKETNG 479, MANGEMNT 471, OR MANGEMNT 484
 
 

ECONOMICS - INTERNATIONAL ECONOMICS EMPHASIS (BBA)
 
 

MAJOR - 27 UNITS

 1. ECON 301, ECON 302, ECON 345

 2. SELECT 12 UNITS IN THE FOLLOWING:

 ECON 301, ECON 360, ECON 401, ECON 406, ECON 431, ECON 451, OR ECON 459

 3. SELECT 6 UNITS FROM:

 SPEECH 424, FNBSLW 410, MANGEMNT 410, MARKETNG 361, POLISCI 350, POLISCI 351, OR GEOGRPY 332

ECONOMICS - PUBLIC POLICY EMPHASIS (BBA)
 
 

MAJOR - 27 UNITS

 1. ECON 301, ECON 302, ECON 345

 2. SELECT 12 UNITS FROM THE FOLLOWING:

 ECON 324, ECON 341, ECON 345, ECON 353, ECON 356, ECON 438, ECON 445, ECON 471, OR ECON 493

 3. SELECT 6 UNITS FROM:

 POLISCI 330, POLISCI 344, GEOGRPY 340, GEOGRPY 350, GEOGRPY 440
 
 

ECONOMICS (BA/BS)
 
 

Students in the College of Letters and Sciences are required to have:

 1. a minimum overall GPA of 2.0.

 2. a minimum grade point of 2.0 in their major.
 
 

MAJOR - 27 UNITS & 2.00 GPA

 1. ECON 201 (GS)2, ECON 245, ECON 404, ECON 301 AND ECON 302

 2. SELECT 12 ELECTIVE UNITS (300 AND 400) IN

 ECONOMICS
 
 

UNIQUE MAJOR AND WRITING REQ. - 9-11 UNITS

 1. ECON 202 (GS) AND BSEDCNA 353 RLS

 2. MATH 243 (GM) OR MATH 250 (GM) RLS

 AN APPROVED MINOR IS REQUIRED FOR THIS MAJOR
 
 

ECONOMICS - INTERNATIONAL ECONOMICS EMPHASIS (BA/BS)
 
 

MAJOR - 33 UNITS

 1. ECON 201 (GS), ECON 245, ECON 301, ECON 302 AND ECON 404

 2. SELECT 12 ELECTIVE UNITS FROM:

 ECON 301, ECON 360, ECON 401, ECON 406, ECON 431, ECON 451, OR ECON 459

 3. SELECT 6 UNITS FROM

 SPEECH 424, FNBSLW 410, MANGEMNT 410, MARKETNG 361, POLISCI 350, POLISCI 351, GEOGRPY 332

 UNIQUE MAJOR AND WRITING REQUIREMENT - 9-11 UNITS

A. ECON 202 (GS) AND BSEDCNA 353

 B. MATH 342 OR MATH 250

ECONOMICS - PUBLIC POLICY EMPHASIS (BA/BS)
 
 

MAJOR - 33 UNITS
 
 

1. ECON 201 (GS), ECON 245, ECON 301, ECON 302, ECON 404

 2. SELECT 12 UNITS FROM THE FOLLOWING:

 ECON 324, ECON 341, ECON 345, ECON 353, ECON 356, ECON 438, ECON 445, ECON 471, OR ECON 492

 3. SELECT 6 UNITS FROM THE FOLLOWING:

 POLISCI 330, POLISCI 344, GEOGRPY 340, GEOGRPY 350 OR GEOGRPY 440

 UNIQUE MAJOR AND WRITING REQUIREMENT - 9-11 UNITS

 A. ECON 202 (GS) AND BSEDCNA 353

 B. MATH 243 OR MATH 250
 
 

ECONOMICS (BSE)
 
 

LICENSURE - 37-38 UNITS

 1. C&I SECNDED 466

 2. EDFOUND 243 OR EDFOUND 445

 3. SELECT 2 UNITS FROM C&I CIFLD 210

 4. STUDENT TEACHING

 a. SELECT 2 OR 12 UNITS FROM C&I CIFLD 412

 b. SELECT 2 OR 12 UNITS FROM C&I CIFLD 414

 5. C&I SECNDED 430

 6. GEOGRPY 252 (GS) OR BIOLOGY 214 (GM) RLS

 7. ECON 213 OR ECON 324 RLS

 8. EDFOUND 212 AND EDFOUND 425

 9. SELECT 3 UNITS FROM COURSE SPECED 205
 
 

MAJOR - 34 UNITS

 1. ECON 245, ECON 404, ECON 301, ECON 302 AND ECON 459

 2. ECON 201 (GS) OR ECON 213

 3. SELECT 16 UNITS (COURSE LEVEL 300 OR 400)

 FROM ECONOMICS DEPT
 
 

WRITING - 3 UNITS

 1. BSEDCNA 353 RLS

 AN APPROVED MINOR IS REQUIRED FOR THIS MAJOR
 
 

SOCIAL STUDIES BROADFIELD - ECONOMICS I EMPHASIS (BSE)
 
 

LICENSURE - 42-43 UNITS

 1. C&I SECNDED 466

 2. EDFD 420-243 OR 420-445

 3. SELECT 2 UNITS FROM C&I CIFLD 210

 4. STUDENT TEACHING

 a. SELECT 2 OR 12 UNITS FROM C&I CIFLD 412

 b. SELECT 2 OR 12 UNITS FROM C&I CIFLD 414

 5. C&I SECNDED 430

 6. GEOG 722-252 (GS) OR BIOLOGY 214 (GM) RLS

 7. ECON 213 OR ECON 324 RLS

 8. EDFOUND 212 AND EDFOUND 425

 9. SELECT 3 UNITS FROM COURSE C&I CIFLD 492

 10. SELECT 3 UNITS FROM SPECED 205
 
 

MAJOR - 54 UNITS

 1. ECON 245, ECON 404, ECON 301, ECON 302 AND ECON 459

 2. ECON 201(GS) OR ECON 213

 3. SELECT 16 UNITS FROM ECONOMICS COURSES

 AT THE 300 OR 400 LEVEL

 4. SELECT 20 UNITS FROM AT LEAST 2 OF THE SOCIAL SCIENCE AREAS EXCLUDING CORE COURSES
 
 

WRITING - 3 UNITS

 1. BSEDCNA 353 RLS
 
 

SOCIAL STUDIES BROADFIELD - ECONOMICS II EMPHASIS (BSE)
 
 

LICENSURE - 42-43 UNITS

 1. C&I SECNDED 466

 2. EDFOUND 243 OR EDFOUND 445

 3. SELECT 2 UNITS FROM C&I CIFLD 210

 4. STUDENT TEACHING

 a. SELECT 2 OR 12 UNITS FROM C&I CIFLD 412

 b. SELECT 2 OR 12 UNITS FROM C&I CIFLD 414

 5. C&I SECNDED 430

 6. GEOGRPY 252 (GS) OR BIOLOGY 214 (GM) RLS

 7. ECON 213 OR ECON 324 RLS

 8. EDFOUND 212 AND EDFOUND 425

 9. SELECT 3 UNITS FROM COURSE C&I CIFLD 492

 10. SELECT 3 UNITS FROM SPECED 205
 
 

MAJOR - 54 UNITS

 1. ECON 245, ECON 404, ECON 301 AND ECON 302

 2. ECON 201 (GS) OR ECON 213

 3. SELECT 7 ELECTIVE UNITS FROM ECONOMICS

 COURSE LEVEL 300 OR 400

 4. SELECT 32 UNITS FROM AT LEAST 3 OF THE

 SOCIAL SCIENCE AREAS EXCLUDING CORE COURSES
 
 

WRITING - 3 UNITS

 1. BSEDCNA 353 RLS
 
 

MINOR/EMPHASES
 
 

ECONOMICS - L&S EMPHASIS
 
 

MINOR - 21 UNITS

 1. ECON 201(GS) AND ECON 202 (GS)

 2. SELECT 15 UNITS FROM ECONOMICS NUMBERED

 ECON 240 OR HIGHER. IF YOU ARE A BBA

 STUDENT, THE ECON COURSES APPLIED TO YOUR DEGREE REQUIREMENTS WILL NOT BE LISTED HERE BUT THEY CAN BE APPLIED TO THE MINOR; CHECK WITH THE ECON DEPT FOR INFORMATION.
 
 

ECONOMICS EDUCATION EMPHASIS
 
 

MINOR - 22 UNITS

 1. ECON 201 (GS), ECON 202 (GS) AND ECON 459

 2. SELECT 13 UNITS FROM ECONOMICS NUMBERED

 ECON 240 OR HIGHER
 
 

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