COURSE DESCRIPTIONS

230-211 ECONOMIC PRINCIPLES, PROBLEMS AND POLICIES GS 3 cr
The economic problem: allocating scarce resources among alternative uses. The role of the market: supply and demand. The aggregate economy: output, income, employment and inflation. The nature and role of money. The effect of government expenditure and taxation on the economy. 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. Consumer and firm behavior. Market supply and demand and the price system. Monopoly and imperfectly competitive market structures. The pricing of factors of production and the distribution of income. Additional topics may include: poverty, growth and development; international trade. Conventional grade basis only if course is required in the College of Business for major.
Prereq: 230-211 or consent of department chairperson. 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: Sophomore standing. Unreq: 230-212.

230-245 BUSINESS STATISTICS I 3 cr
An introduction to descriptive statistics, probability theory and statistical inference. Graphical and numerical methods of summarizing data. Probability concepts and theoretical probability distributions. Sampling and sampling distributions. Estimation, confidence intervals and hypothesis testing. Correlation and regression analysis. The course emphasizes the application and interpretation of statistical techniques.
Prereq: 760-143.

230-301/501 INTERMEDIATE MICROECONOMIC ANALYSIS 3 cr
Consumer and firm behavior. Theories of consumption and production. Pricing of products and factors of production under different market structures. General equilibrium. Market failure, externalities and public goods.
Prereq: 230-212.

230-302/502 INTERMEDIATE MACROECONOMIC ANALYSIS 3 cr
Measuring the aggregate economy: national income and product accounting, inflation and unemployment. The nature and role of money and interest rates in the macroeconomy. The effects of monetary and fiscal policies on output, employment and inflation in the short and long run. Economic fluctuations and growth.
Prereq: 230-212.

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
The second course in statistics is a course in applied regression analysis. It begins with a review and extension of descriptive statistics, probability and statistical inference as presented in a first course before going on to a detailed treatment of simple and multiple regression.
Prereq: 230-245.

230-353 ECONOMICS OF LABOR MARKETS AND 3 cr

LABOR POLICIES
A study of the demand for and supply of labor with particular emphasis upon: the behavior of labor markets; economic theories of wage determination; labor institutions and their historical evolution; labor-management relations; the effects of public policy.
Prereq: 230-212.

230-354 MONEY AND BANKING 3 cr
The demand for and supply of money in historical perspective including the role of the banking system in the credit creation process. Financial markets, interest rates and economic activity. The Federal Reserve System, monetary policy and the macroeconomy.
Prereq: 230-211.

230-356 PUBLIC FINANCE 3 cr
Economic analysis of public sector issues in relation to the overall economy including: market failure and the role of the public sector; the effects of government expenditures, taxation and borrowing on the allocation and distribution of resources; stability of the U.S. economic system.
Prereq: 230-211, 230-212.

230-360 GROWTH AND DEVELOPMENT IN THE 3 cr
WORLD ECONOMY
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 3 cr
An historical overview and theoretical interpretations of U.S. business cycle experience. U.S. business cycles in a global context, business cycle theories and stabilization policy.
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.

230-413 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 REGIONAL AND TRANSPORT 3 cr
ECONOMICS
The economics of location. Zoning and land use planning. Urban sprawl and the urban/rural periphery. Real estate economics. The urban crisis in the US. The role of the automobile and the highway system. Public policy and the urban environment.
Prereq: 230-211 or equivalent.

230-441/641 INDUSTRIAL ORGANIZATION AND 3 cr
COMPETITIVE STRATEGIES
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 GS 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: 230-105 or 722-105 or 820-105 or 230-211.

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/transition efforts in these economies.
Prereq: 230-212.

230-471 NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS 3 cr
Markets and the efficient allocation of resources over time. Market failure - property rights, externalities, public goods. Valuation of environmental benefits and costs. Economics of renewable and non-renewable natural resources - land, water, fisheries, forests, energy, minerals. Pollution abatement and environmental protection. Global issues - population, climate change, tropical deforestation, the oceans and atmosphere as global "commons".
Prereq: 230-211 and 230-212; 230-411 recommended.

230-490/690 WORKSHOP Repeatable 1-3 cr

230-493 INTERNSHIP IN ECONOMICS 1-3 cr
This is an opportunity for an economics student to gain practical experience in a
business, bank, government, non-profit organization before graduation. The
experience will supplement the students' academic work in preparation for a career.
Prereq: Economics major or minor, junior or senior standing, and consent of the
department.

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.