- Program
- Degrees Offered in Economics
- Courses
- Internships
PROGRAM
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4 Year Planning Sheets (BBA)
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4 Year Planning Sheets (BA/BS)
About the Economics Program at UW-Whitewater
The Economics Department in the UW-Whitewater College of Business and 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. Economics students learn economic theory and quantitative methods that provide them with analytical skills and tools of empirical investigation.
The Economics Department offers three degree programs, a bachelor's of business administration (BBA), a bachelor of art or science (BA/BS) from the College of Letters and Sciences or a bachelor of science in education (BSE) from the College of Education. Economics majors can choose an emphasis in government and business, international economics, health economics, labor economics, money and banking, environmental economics, urban and public finance or managerial economics.
Graduate Program
The Economics department also offers a number of different courses for graduate students looking to continue their education in pursuit of a master's degree. The course offerings and descriptions can be viewed in the Graduate Bulletin or under our course listings.
Degrees Offered by the Department of Economics
The Economics Department offers three degree programs:
- A bachelor's of business administration (BBA),
- A bachelor's of art or science (BA/BS) from the College of Letters and Sciences
- A bachelor's of science in education (BSE) from the College of Education.
Economics majors can choose an emphasis in international economics, business policy, public policy, or education. Please select one of the links above to see the specific requirements for the degree. In addition we offer a:
through the College of Letters and Science and through the College of Education. In addition, BBA students can have their econ courses applied towards a minor. You may find the 4 Year Planning Sheets for majoring in economics here:
4 Year Planning Sheets for BBA
4 Year Planning Sheets for BA/BS
BBA: Bachelors of Business Administration
All students obtaining a BBA in Economics are required to take: ECON 301, ECON 302 and ECON 345
Economics (BBA)
MAJOR - 24 units
- ECON 301, ECON 302 and ECON 345
- Select 15 units (Courses Level 300 or 400) from Economics Department
UNIQUE REQUIREMENT:
- Math 243 or Math 250 or Math 253
Economics - Business Policy Emphasis (BBA)
MAJOR - 27 units
- ECON 301, ECON 302 and ECON 345
- Select 12 elective units from the following courses:
- SELECT 6 UNITS FROM
- MARKETNG 321, MARKETNG 479, MANGEMNT 471, OR MANGEMNT 484
UNIQUE REQUIREMENT:
- MATH 243 OR MATH 250 OR MATH 253
Economics - International Economics Emphasis (BBA)
MAJOR - 27 UNITS
- ECON 301, ECON 302 and ECON 345
- SELECT 12 UNITS IN THE FOLLOWING:
- SELECT 6 UNITS FROM:
- SPEECH 424, FNBSLW 410, MANGEMNT 410, MARKETNG 361, POLISCI 350, POLISCI 351, OR GEOGRPY 332
UNIQUE REQUIREMENT:
- MATH 243 OR MATH 250 OR MATH 253
Economics - Public Policy Emphasis (BBA)
MAJOR - 27 UNITS
- ECON 301, ECON 302 and ECON 345
- SELECT 12 UNITS FROM THE FOLLOWING:
- SELECT 6 UNITS FROM:
- POLISCI 330, POLISCI 344, GEOGRPY 340, GEOGRPY 350, GEOGRPY 440
UNIQUE REQUIREMENT:
- MATH 243 OR MATH 250 OR MATH 253
BA or BS: Bachelors of Arts or Science
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.
Economics (BA/BS)
MAJOR - 27 UNITS & 2.00 GPA
- ECON 201 (GS), ECON 245, ECON 301, ECON302 AND ECON 404
- SELECT 12 ELECTIVE UNITS (Courses Level 300 or 400) IN ECONOMICS
UNIQUE MAJOR AND WRITING REQ. - 9-11 UNITS
- ECON 202 (GS) AND ITBE 353 RLS
- 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
- ECON 201 (GS), ECON 245, ECON 301, ECON302 AND ECON 404
- SELECT 12 ELECTIVE UNITS FROM:
- 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 ITBE 353
B. MATH 342 OR MATH 250
Economics - Public Policy Emphasis (BA/BS)
MAJOR - 33 UNITS
- ECON 201 (GS), ECON 245, ECON 301, ECON302 AND ECON 404
- SELECT 12 UNITS FROM THE FOLLOWING:
- 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 ITBE 353
B. MATH 243 OR MATH 250
BSE: Bachelors of Science in Education
Economics (BSE)
LICENSURE - 37-38 UNITS
- SECNDED 466
- EDFOUND 243 OR EDFOUND 445
- SELECT 2 UNITS FROM CIFLD 210
- STUDENT TEACHING:
- SELECT 2 UNITS FROM CIFLD 402 AND 12 UNITS FROM CIFLD 414 OR
- SELECT 2 UNITS FROM CIFLD 404 AND 12 UNITS FROM CIFLD 412
- SECNDED 430
- GEOGRPY 252 (GS) OR BIOLOGY 214 (GM) RLS
- ECON 213 RLS
- EDFOUND 212 AND EDFOUND 425
- SELECT 3 UNITS FROM COURSE SPECED 205
MAJOR - 34 UNITS
- ECON 245, ECON 404, ECON 301, ECON 302 AND ECON 359
- ECON 201 (GS) OR ECON 213
- SELECT 16 UNITS (Courses Level 300 or 400) FROM ECONOMICS DEPT
WRITING - 3 UNITS
1. ITBE 353 RLS
AN APPROVED MINOR IS REQUIRED FOR THIS MAJOR
Social Studies Broadfield - Economics I Emphasis (BSE)
LICENSURE - 42-43 UNITS
- SECNDED 466
- EDFOUND 243 OR 445
- SELECT 2 UNITS FROM CIFLD 210
- STUDENT TEACHING
- SELECT 2 UNITS FROM CIFLD 402 AND 12 UNITS FROM CIFLD 414 OR
- SELECT 2 UNITS FROM CIFLD 404 AND 12 UNITS FROM CIFLD 412
- SECNDED 430
- GEOGRPY 252 (GS) OR BIOLOGY 214 (GM) RLS
- ECON 213 RLS
- EDFOUND 212 AND EDFOUND 425
- SELECT 3 UNITS FROM COURSE CIFLD 492
- SELECT 3 UNITS FROM SPECED 205
MAJOR - 54 UNITS
- ECON 245, ECON 404, ECON 301, ECON 302 AND ECON 359
- ECON 201 (GS) OR ECON 213
- SELECT 16 UNITS (Courses Level 300 or 400) FROM ECONOMICS DEPT
- SELECT 20 UNITS FROM AT LEAST 2 OF THE SOCIAL SCIENCE AREAS EXCLUDING CORE COURSES
WRITING - 3 UNITS
1. ITBE 353 RLS
Social Studies Broadfield - Economics II Emphasis (BSE)
LICENSURE - 42-43 UNITS
- SECNDED 466
- EDFOUND 243 OR 445
- SELECT 2 UNITS FROM CIFLD 210
- STUDENT TEACHING
- SELECT 2 UNITS FROM CIFLD 402 AND 12 UNITS FROM CIFLD 414 OR
- SELECT 2 UNITS FROM CIFLD 404 AND 12 UNITS FROM CIFLD 412
- SECNDED 430
- GEOGRPY 252 (GS) OR BIOLOGY 214 (GM) RLS
- ECON 213 RLS
- EDFOUND 212 AND EDFOUND 425
- SELECT 3 UNITS FROM COURSE CIFLD 492
- SELECT 3 UNITS FROM SPECED 205
MAJOR - 54 UNITS
- ECON 245, ECON 404, ECON 301, ECON 302 AND ECON 359
- ECON 201 (GS) OR ECON 213
- SELECT 7 ELECTIVE UNITS FROM ECONOMICS Department (Courses Level 300 or 400)
- SELECT 32 UNITS FROM AT LEAST 3 OF THE SOCIAL SCIENCE AREAS EXCLUDING CORE COURSES
WRITING - 3 UNITS
1. ITBE 353 RLS
MINOR/EMPHASES
Economics - L&S Emphasis
MINOR - 21 UNITS
- ECON 201 (GS) AND ECON 202 (GS)
- 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
- ECON 201(GS) , ECON 202 (GS) AND ECON 359
- SELECT 13 UNITS FROM ECONOMICS NUMBERED ECON 240 OR HIGHER
Course Descriptions
Please find a full course listing of the courses currently offered by the department below:
- Undergraduate Courses
- Graduate Courses
- 4 Year Planning Sheets for undergraduates
- Course Listing by number:
Undergraduate Courses
When is the right time to take these ECON 200 Level Courses? Click here to find out!
ECON 201
PRINCIPLES OF MICROECONOMICS - GS 3 u
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: Waiver of or a grade of C or better in Math 141
ECON 202
PRINCIPLES OF MACROECONOMICS - GS 3 u
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.
Prereq: ECON 201
ECON 213
ECONOMIC PRINCIPLES FOR TEACHERS 3 u
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: ECON 201 or ECON 212.
ECON 245
BUSINESS STATISTICS I 3 u
An introduction to descriptive statistics, probability theory and statisticalinference. 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: MATH 143 or MATH 243 or MATH 250 or MATH 253.
ECON 301
INTERMEDIATE MICROECONOMIC ANALYSIS 3 u
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: ECON 201 and MATH 243 or MATH 250 or MATH 253
ECON 302
INTERMEDIATE MACROECONOMIC ANALYSIS 3 u
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: ECON 202 and MATH 243 or MATH 250 or MATH 253
ECON 341
GOVERNMENT AND BUSINESS 3 u
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: ECON 201.
ECON 345
BUSINESS STATISTICS II (ECONOMETRICS) 3 u
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: ECON 245 and MATH 243 or MATH 250 or MATH 253
ECON 353
ECONOMICS OF LABOR MARKETS AND LABOR POLICIES 3 u
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: ECON 201
ECON 354
MONEY AND BANKING 3 u
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: ECON 201.
ECON 356
PUBLIC FINANCE 3 u
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: ECON 201
ECON 359
COMPARATIVE ECONOMIC SYSTEMS 3 u
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: ECON 202
ECON 360
GROWTH AND DEVELOPMENT IN THE WORLD ECONOMY 3 u
The historical growth experience of industrialized economies; the challenge of development in Asia, Africa and Latin America; problems of transition in formerly centrally planned economies. Economic growth and structural change; income distribution and poverty; population growth and human resources; international trade, foreign investment and development assistance.
Prereq: ECON 202
ECON 401
INTERNATIONAL ECONOMICS 3 u
The nature, extent and growth of international trade. Comparative advantage as the basis for trade. Distribution of the gains from trade between and within countries. International capital and labor mobility. Growth, technological progress and trade. Tariffs, quotas, subsidies, economic integration. Exchange rates and the balance of payments.
Prereq: ECON 201.
ECON 402
BUSINESS CYCLES 3 u
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: ECON 202 and MATH 243 or MATH 250 or MATH 253
ECON 404
HISTORY OF ECONOMIC THOUGHT 3 u
A study of the development of economic ideas, with emphasis on classical, neo-classical, socialist, Keynesian and institutional schools of thought.
Prereq: ECON 202.
ECON 406
INTERNATIONAL FINANCE AND BANKING 3 u
The monetary dimension of international economics. Balance of payments accounting; exchange rates, prices and interest rates; spot and forward foreign exchange; international financial markets and international banking; exchange rate systems and the role of central banks; open-economy macroeconomics; the international monetary system and current policy issues.
Prereq: ECON 202.
ECON 413
ADVANCED ECONOMIC ANALYSIS 3 u
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: ECON 201 and MATH 243 or MATH 250 or MATH 253 or consent of instructor.
ECON 431
ECONOMICS OF GLOBALIZATION 3 u
The course treats the political economy of trade, foreign investment and multinational corporations; the economic and social consequences of globalization; governments, markets, and the instruments of international economic and industrial policy; the World Trade Organization and recent issues--environmental and labor standards; intellectual property; services trade; the developing nations.
Prereq: ECON 201.
ECON 437
MANAGERIAL ECONOMICS 3 u
The course uses the tools and techniques of economic analysis to solve managerial problems. The emphasis is on practical applications. Topics: techniques; analysis and estimation of demand and costs of production; market structures and pricing practice.
Prereq: ECON 201 and ECON 245.
ECON 438
URBAN REGIONAL AND TRANSPORT ECONOMICS 3 u
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: ECON 201
ECON 441
INDUSTRIAL ORGANIZATION AND COMPETITIVE STRATEGIES 3 u
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: ECON 201 or ECON 212
ECON 445
ECONOMICS OF HEALTH CARE 3 u
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: ECON 201 or ECON 212
ECON 471
NATURAL RESOURCE AND ENVIRONMENTAL ECONOMICS 3 u
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: ECON 201 or ECON 212
ECON 490
WORKSHOP Repeatable 1-3 u
ECON 491
TRAVEL STUDY Repeatable 3 u
ECON 493
INTERNSHIP IN ECONOMICS 1-3 u
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.
ECON 494
SEMINAR IN ECONOMICS 1-3 u
Repeatable. Prereq: Sr st with at least 12 credit hours in economics or consent of instructor.
ECON 496
SPECIAL STUDIES 1-3 u
Repeatable for a maximum of 3 units in the major or 6 units in the degree.
ECON 497
EXCHANGE STUDY Repeatable 1-12 u
ECON 498
INDEPENDENT STUDY 1-3 u
Repeatable. Prereq: Junior or senior standing and consent of instructor and department chairperson.
Graduate Courses
ECON 690
Workshop 1-3 u
ECON 694
Seminar 1-3 u
ECON 696
Special Studies 1-3 u
ECON 703
Statistics Foundations 3 u
Introduction to descriptive statistics and basic statistical methods as applied to scientific problem solving and decision making. Topics covered include: descriptive statistics, elementary probability theory, theoretical distributions, sampling distributions, estimation, tests of hypothesis, simple linear regression and correlation analysis, and index numbers.
ECON 704
Economic Foundations 2 u
A study of micro and macro economic tools of analysis. The functioning of a market economy in product and factor markets under alternative market structures. National income, fiscal policy, and the role of the money supply.
ECON 736
Business Conditions Analysis 2 u
A study of the macroeconomic structure and operations of the economic system. Analysis of fluctuations in national income, output, employment, prices and exchange rates and the implication of such changes for business decisions. Evaluation of the influence of monetary policy, fiscal policies, and other macroeconomic events on economic activity. Assessment of the various approaches and methodologies available for forecasting business conditions.
Prereq: ECON 704 or ECON 202 or equivalent.
ECON 737
Managerial Economics 2 u
Applications of micro-economic theory to problems of formulating managerial decisions. Emphasis on economics as a science that facilitates decision making. Topics considered include optimization techniques, risk analysis and estimation of demand and costs of production, market structures and pricing practice, and antitrust economics. Integrates theory and practice.
Prereq: ECON 703 or ECON 245 or equivalent and ECON 704, or ECON 201 or equivalent.
ECON 745
Economics Of Health Care 3 u
Economics of Health Care is concerned with the provision and distribution of health care across the country and the allocation of resources within the health care sector of the economy. Various measures will be examined to establish the impact of health care on individual, national, and
international economic policy concerns.
Prereq: Graduate standing or the consent of the instructor.
ECON 751
Economics Of Regulation 3 u
The rationale for government regulation and intervention in different situations. Antitrust policy. Several different models of regulation. The economic effects of regulation on public utilities, transportation, pollution control, and protection of consumers.
Prereq: ECON 704 or ECON 201 or equivalent.
ECON 758
Advanced International Economics 3 u
A study of international trade and finance issues; multinational enterprises, international investments, currency problems, and balance of payments issues. Analyzes the structure and scope of world trade and international financial markets in developed and developing countries.
Prereq: ECON 704 or ECON 202 and ECON 201 or equivalent.
ECON 761
Business And Economic Forecasting 3 u
Techniques for operational business forecasting with emphasis on time-series methods. Topics covered include single and multi-equation regression models; trend analysis; smoothing techniques, decomposition methods; Box-Jenkins time series methods; evaluation of forecasts; and the integration of forecasting in the decision making process.
Prereq: ECON 703 or ECON 245 or equivalent.
ECON 789
Readings And Research In Economics 3 u
Directed readings in current research and literature selected to apply to a contemporary economic field, problem or issue.
Prereq: Graduate standing and consent of instructor.
ECON 798
Individual Studies 1-3 u
ECON 799
Thesis Research 1-6 u
Students must complete a Thesis Proposal Form in the Graduate Studies Office before registering for this course.
Prereq: Graduate standing and 28 credits in undergraduate and graduate economics courses. Some of these may be taken concurrently with approval of adviser.
Internship Opportunities
Economics students may take internships in addition to their regular course work. Students may be involved with internships part time during the school year or full time during the summer. Internships can be conducted with firms in the private sector or in public sector agencies. Internship opportunities are available at the department's Fiscal and Economic Research Center.
If you would like more information about Economics internships, contact Professor Russ Kashian, Economics Internship Director, at kashianr@uww.edu or (262) 472-5584.