Undergraduate Bulletin

COURSE DESCRIPTIONS

230-105 GLOBAL PERSPECTIVES - ECONOMICS

GS - 3 cr

This course exposes students to core ideas and key social science concepts essential to a basic understanding of international trends and problems and issues of regional and global importance. It focuses primarily on a set of economic concepts students can use to make better personal decisions and to think more logically and critically about a wide range of social phenomena.
May not be taken on an S/NC grade basis.
Unreq: 722-105, 820-105.

230-211 ECONOMIC PRINCIPLES, PROBLEMS AND POLICIES
GS - 3 cr

An introduction to economic resources and the institutions and processes of a market economy, including supply and demand, money, the level of income and employment and the economic role of government. Conventional grade basis only if course is required in the College of Business for major.

230-212 ECONOMIC PRINCIPLES, PROBLEMS AND POLICIES
GS - 3 cr

Continuation of 230-211 with emphasis on the price-determining process, market structures, the distribution of income, economic growth and development and international economic relations. Conventional grade basis only if course is required in the College of Business for major.
Prereq: 230-211 or cons dept chp. Unreq: 230-213.

230-213 ECONOMIC PRINCIPLES FOR TEACHERS - 3 cr

Price-determination, income-distribution, and resource allocation in the market economy, including profit-making and cooperative business organizations. International trade, economic growth, and the role of government are examined. Satisfies the state teacher certification requirements of instruction in cooperatives.
Prereq: Soph st. Unreq: 230-212.

230-245 BUSINESS STATISTICS I - 3 cr

An introduction to descriptive statistics, probability and expectations, theoretical distributions, sampling distributions, hypothesis testing, correlation and regression analysis. The course emphasis is on the use, application and interpretation of statistical techniques.
Prereq: 760-143

230-245A BUSINESS STATISTICS I - COMPUTER APPLICATIONS - 1 cr

This is a laboratory course on how to use the computer to conduct statistical analysis of data. Topics to be covered are data organization and input, data display using graphic and tabular techniques, descriptive statistics, and data analysis procedures. The course is designed to complement and illustrate applications of the procedures covered in 230-245 Business Statistics I.
Prereq: 760-243, 760-250 or 760-253, concurrent registration with 230-245.

230-324 COOPERATIVES - 2 cr

A study of production, marketing, consumer and service cooperatives. Also covers history, principles, theory of co-operation, legislation, financing, taxation, etc. Students should develop an understanding of how cooperatives fit into our social and economic life.

230-341 GOVERNMENT AND BUSINESS - 3 cr

Development of public policies toward business. Constitutional powers and limitations of the federal government. Laws and key Supreme Court cases dealing with monopoly, business practices and public utility regulation. River valley development, oil and natural gas policy and problems of public ownership.
Prereq: 230-211 and 230-212.

230-345/545 BUSINESS STATISTICS II - 3 cr

Development of probability theory and distributions, frequency and sampling distributions, inferential statistics including estimation, hypothesis testing and Bayesian techniques, decision theory under uncertainty, multiple correlation and regression, time series analysis, analysis of variance, and statistical use of computers. Applications oriented to business and economics.
Prereq: 230-245.

230-353 ECONOMICS OF LABOR MARKETS AND LABOR POLICIES - 3 cr

A study of the demand for and supply of labor and the behavior of the labor market with particular emphasis upon economic models of the market and the intended and unintended effects of public policy.
Prereq: 230-212.

230-354 MONEY AND BANKING - 3 cr

The nature of money, types, monetary standards. Survey of monetary and banking history. Structure and functions of commercial and central banks and other financial institutions. Monetary theories. Analysis of instruments of credit control.
Prereq: 230-211.

230-356 PUBLIC FINANCE - 3 cr

Economic analysis of public sector issues in relation to the overall economy including the role of the public sector, and the effects of government expenditures, taxation and borrowing on the allocation and distribution of resources and stability of the U.S. economic system.
Prereq: 230-211, 230-212.

230-357 ECONOMICS OF TRANSPORTATION - 3 cr

A study of the relationship between transportation and economic and cultural development. Evolution of technological improvements in transportation; development of water, railroad, highway and air transportation in the United States. Transportation economics and rate making, legislative and regulatory provisions and analysis of current transportation problems and trends.
Prereq: 230-211.

230-360 ECONOMIC DEVELOPMENT - 3 cr

A study of the economic growth and development of nations, models and determinants of economic growth and development. The economic growth of some advanced and some underdeveloped countries. Comparative rates of progress in different countries.
Prereq: 230-212 or cons instr.

230-401 INTERNATIONAL ECONOMICS - 3 cr

The scope, nature and economic basis of international trade. Analysis of foreign exchange, balance of payments, foreign investment. Trade barriers and international cooperation.
Prereq: 230-211.

230-402 BUSINESS CYCLES AND FORECASTING - 3 cr

History of economic fluctuations, description of phases of the cycle, theories as to causes, control measures.
Prereq: 230-212.

230-404/604 HISTORY OF ECONOMIC THOUGHT - 3 cr

A study of the development of economic ideas, with emphasis on classical, neo-classical, socialist, Keynesian and institutional schools of thought.
Prereq: 230-212.

230-406 INTERNATIONAL FINANCE AND BANKING - 3 cr

Describes and analyzes the institutions of international finance, explains their operations and functions; outlines the nature, use and significance of the procedures and instruments, and presents the theoretical aspects of the subject in relation to practice.
Prereq: 230-212; 230-354 and 230-401 highly recommended.

230-411/611 INTERMEDIATE MICROECONOMIC ANALYSIS - 3 cr

Price and modern microeconomic theory, pricing of products and factors of production under different market structures; modern approaches to theories of consumption and production; general equilibrium theory.
Prereq: 230-212.

230-412/612 INTERMEDIATE MACROECONOMIC ANALYSIS - 3 cr

Income and modern macroeconomic theory; general aggregative systems; national income determination theory; composition and measurement of the national income; analysis of income generation; government policy.
Prereq: 230-212.

230-413 ADVANCED ECONOMIC ANALYSIS - 3 cr

A survey of fundamental micro and macro economic theory that can be presented as mathematical models. The course emphasizes the use of models in positive economic analysis of areas such as consumer behavior, production, financial markets; and their role in facilitating rigorous analysis and developing testable predictions.
Prereq: 230-212 and 760-243 or 760-250 or 760-253 or permission of the instructor.

230-431 ECONOMICS OF MULTINATIONAL ENTERPRISE - 3 cr

The course examines the development of multinational enterprise. The tools of economic analysis are used to assess the impact of multinational enterprises on trade, investment, and development of individual nations, as well as the world economy.
Prereq: 230-212.

230-437 MANAGERIAL ECONOMICS - 3 cr

The course uses the tools and techniques of economic analysis to solve managerial problems. The emphasis is on practical applications. Topics: optimization techniques; analysis and estimation of demand and costs of production; market structures and pricing practice.
Prereq: 230-212 and 230-245.

230-438/638 URBAN ECONOMICS - 3 cr

Focuses on the important aspects of urban economics; the theory of housing, location, property values and race, slums and urban renewal, public policy and the urban environment. Practical aspects of proposed solutions.
Prereq: 230-211 or equiv.

230-441/641 INDUSTRIAL ORGANIZATION AND COMPETITIVE STRATEGIES - 3 cr

Application of economic theory and analysis to case studies in American industry in terms of market structure, market conduct, and industry performance. Analysis of the ways business firms and markets are organized and interact, assessment of the outcomes of various types of firm behavior and the performance of markets, and evaluation of the causes and types of market failures.
Prereq: 230-212 or cons instr.

230-445 ECONOMICS OF HEALTH CARE - 3 cr

Economics of Health Care is concerned with allocation of resources within the health care sector of the U.S. economy. Major topics include production of health care and its distribution across the population. In addition, various measures will be used to establish the relationship between the health care sector and national policy concerns.
Prereq: 230-211 and 230-212 or consent of instructor

230-451/651 THE ECONOMIES OF ASIA - 3 cr

A comparative study of the economic structures, institutions and processes of the nations of Asia with relevant historical perspective. Emphasis on current economic policies and business climate. Students may study specific countries in detail.
Prereq: 230-211 and 230-212.

230-459/659 COMPARATIVE ECONOMIC SYSTEMS - 3 cr

Study of the modern theories of capitalism and socialism and their variants. Examination of the origin, organization, operation and performance of alternative economic systems. Contemporary economies considered are those of United States, Russia, China, Japan and selected economies from Eastern and Western Europe. Emphasis is on reform efforts in these economies.
Prereq: 230-212.

230-461 FORECASTING METHODS IN BUSINESS AND ECONOMICS - 3 cr

Approaches and techniques for forecasting business and economic time series will be developed and evaluated. The techniques covered include regression, smoothing, decomposition, and Box-Jenkins time series models. Applications and use of the computer to analyze data and generate forecasts will be emphasized.
Prereq: 230-245.

230-471 NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS - 3 cr

The first part of the course covers the economics of renewable and non-renewable resource use. This includes supply, demand, pricing and factor rewards under competitive and non-competitive market structures for things such as land, water, fisheries, forests, petroleum and minerals. The final part of the course deals with pollution and environmental protection.
Prereq: 230-211 and 230-212; 230-411 recommended.

230-490/690 WORKSHOP - 1-3 cr

Repeatable

230-494 SEMINAR IN ECONOMICS - 1-3 cr

Repeatable. Prereq: Sr st with at least 12 credit hours in economics or consent of instructor.

230-496/696 SPECIAL STUDIES - 1-3 cr

Repeatable for a maximum of 3 credits in the major or 6 credits in the degree.

230-498 INDEPENDENT STUDY - 1-3 cr

Repeatable. Prereq: Junior or senior standing and consent of instructor and department chairperson.

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