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Economics (ECO)

2000 Sophomore  Level 3000 Junior Level4000 Senior Level

5000 Graduate Level6000 Graduate Level7000 Research Level 8000 Doctoral Level

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2000 Level Courses

2301. [ECON 2302] Principles of Economics I (3). Emphasis on theories of the firm, value and price determination, and functional distribution, with the application of these theories to the problems of particular firms, industries, and markets. Fulfills core Social and Behavioral Sciences requirement.

2302. [ECON 2301] Principles of Economics II (3). An introduction to modern economic society and theories of production and exchange. Emphasis upon monetary and fiscal policy and macroeconomics. Fulfills core Social and Behavioral Sciences requirement.

2305. Principles of Economics (3). An abridged course for students not majoring in economics or business. Covers the most significant portions of ECO 2301 and 2302, with emphasis upon monetary and fiscal policy. Credit will not be given for both ECO 2305 and 2302. Fulfills core Social and Behavioral Sciences requirement.Back to Top


3000 Level Courses

3305. Game Theory (3). Analysis of strategic interaction. Strategies of rational choice will be derived and analyzed in economics and other environments.

3311. Intermediate Macroeconomics (3). Prerequisite: ECO 2302. Analysis of the determinants of aggregate demand and supply with special emphasis on macroeconomic problems such as unemployment and inflation and on techniques used to forecast macroeconomic variables.

3312. Intermediate Economic Theory (3). Prerequisite: ECO 2301. Intermediate price theory and introduction to welfare theory. Includes theory of demand, theory of the firm, and welfare theory.

3320. Managerial Economics (3). Prerequisite: ECO 2301. The application of economic theory to problems of business enterprise.

3323. Principles of Money, Banking, and Credit (3). Prerequisites: ECO 2301 and 2302. A basic course which deals with the commercial banking system, the Federal Reserve System, and other matters associated with money, prices, and credit control.

3324. Taxation and Public Expenditure (3). Explores the justification for and effects of the entrance of government into the U.S. marketplace.

3325. Special Topics in Applied Economics (3). Prerequisites: ECO 2301 and 2302 or consent of instructor. Analysis of selected economic issues, theories, and policies in microeconomics or macroeconomics. May be repeated once for credit when topics vary.

3326. Industrial Organization, Antitrust, and Regulation (3). Prerequisite: ECO 2301. Combines the latest theories with empirical evidence about the organization of firms and industries. Particular attention is paid to antitrust and regulation issues.

3333. International Economics (3). Prerequisites: ECO 2301 and 2302 or consent of instructor. Principles of international trade, balance of payments, trade policies, and agreements.

3336. Environmental Economics (3). Prerequisites: ECO 2301 and 2302 or consent of instructor. Applies economic models to current local and global environmental issues with an emphasis on evaluating policies.Back to Top


4000 Level Courses

4300. Economic Research (3). Prerequisites: ECO 3311 and 3312 and consent of instructor and the director of undergraduate studies or the department chairperson. Directed undergraduate student research in selected areas under the supervision of selected departmental faculty. (Writing Intensive)

4305. Introduction to Econometrics (3). Prerequisites: ECO 2301, 2302, 3311, and MATH 2345 or equivalent, or consent of instructor. Application of linear regression analysis including simple statistics, probability, distributions, hypothesis testing, and linear regression. (Writing Intensive)

4314. Development of Economic Doctrines (3). Prerequisites: ECO 2301 and 2302. The basis, nature, and effects of economic doctrines from ancient times through the 19th century. (Writing Intensive)

4322. The Economics of Labor Markets (3). Prerequisite: ECO 3312 or ECO 3320. Labor as a factor of production, labor market participation and hours worked, compensating wage differentials, human capital investment, income inequality, migration, and discrimination. (Writing Intensive)

4323. Monetary Theory (3). Prerequisite: ECO 3311. Analysis of money supply, money demand, interest rates, income and price level determination, and transmission mechanisms. Emphases include monetary policies in an open economy context. (Writing Intensive)

4331. Economics of Multinational Enterprise (3). Prerequisite: ECO 2301 or consent of instructor. Examination of the economics of international enterprise and associations with the major dimensions of the international economy and international political economy. (Writing Intensive)

4332. International Finance (3). Prerequisite: ECO 3323 or 3333 or consent of instructor. Analysis of international monetary system theory, policy, and institutions. Includes attention to foreign exchange markets and roles of international banking and international managerial finance. (Writing Intensive)Back to Top


5000 Level Courses

5310. Price and Income Theory (3). Designed for graduate students who need intensive study of intermediate economic price and income theory.

5311. Macroeconomic Theory and Policy (3). Prerequisite: ECO 3311 or consent of instructor. Market clearing and non-market clearing business cycle models and their policy implications. Emphases include inflation, real growth, unemployment, and balance of payments and their interactions.

5312. Microeconomic Analysis (3). Prerequisite: Consent of instructor. Theory of household and firm choice, duality, commodity, and factor market structures, general equilibrium and welfare economics. Emphasis on theory and policy applications.

5313. Mathematical Economics I (3). Prerequisite: Consent of instructor. The application of mathematical techniques to economic model-building.

5314. Econometrics I (3). Prerequisite: Consent of instructor. Topics chosen from the following: problems in single and multiple regressions, qualitative choice models, specification tests, estimation of rational expectations models, and fixed-effects models.

5315. Mathematical Economics II (3). Prerequisite: ECO 5313 or consent of instructor. Advanced topics in the application of mathematics to economic model-building including dynamic models and programming techniques.

5316. Time Series Econometrics (3). Prerequisite: ECO 5314. Contemporary issues in time series econometrics. Topics include dynamic models, ARMA models, stationarity, causality and exogeneity, unit root tests, integration and error correction.

5317. Natural Resource and Environmental Economics (3). Prerequisite: ECO 5312 or consent of instructor. Covers theory and policy in natural resource and environmental economics. Optimal rules for renewable and nonrenewable patterns of use, public policy. Intensive study of one sector (energy, water, forestry).

5318. History of Economics (3). Examines various historical episodes and their influence on the development of economic theories.

5319. Advanced Topics in Environmental Economics (3). Prerequisite: ECO 5317 or consent of instructor. Students will use economic models to consider current environmental issues from both a theoretical and an empirical perspective.

5321. Labor Markets Theory and Policy (3). Prerequisites: ECO 5312 and 5314. Theory and econometric techniques to analyze the operation of the labor market, including labor supply and demand, unemployment, job search, human capital, and migration.

5322. The Economics of Wages and Income (3). Prerequisite: ECO 5321. Examines the factors that determine wage differentials among workers, including job turnover, wage dynamics, compensating wage differentials, discrimination, contract theory, unions, and collective bargaining.

5323. Monetary Theory I (3). Prerequisite: ECO 3323 or 5310. Introduction to monetary theories and their policy implications. Partial and general equilibrium models of price levels, inflation rates, income flows, and interest rates are developed in an open economy context.

5324. Seminar in Public Finance (3). Prerequisite: Consent of instructor. Analysis of economic effects of taxation, governmental expenditures, debt management, and budgetary planning and administration.

5325. Seminar in Economic Policy (3). Prerequisite: Consent of instructor. Analysis of major economic issues, theories, or policies. May be repeated for credit.

5328. Monetary Theory II (3). Prerequisite: ECO 5323 or consent of instructor. Recent developments and controversies in monetary theory and policy. Emphasis on leading edge issues and literature and on development of research skills in monetary economics.

5329. Current Problems in Public Finance (3). Prerequisite: Consent of instructor. Research in and analysis of public goods, public choice, public budgeting, cost-benefit analysis, and intergovernmental fiscal relations.

5332. Advanced International Finance (3). Prerequisite: Advanced graduate standing and consent of instructor. Advanced study of theory, problems, and policies associated with the international monetary system. (FIN 5332).

5333. Advanced International Economics (3). Prerequisite: ECO 3333 or consent of instructor. Advanced study of theory, problems, and policies in international economics.

5337. Health Care Economics (3). Prerequisite: ECO 5300 or equivalent. The application of economic principles to the analysis of problems and the formulation of policies in the healthcare sector of the economy.

5346. Game Theory (3). Introduction to game theory with an emphasis on economic applications.

5347. Industrial Organization Theory (3). Prerequisites: ECO 5312 and 5346 or consent of instructor. Course focuses on theories of the “new industrial organization” applied to imperfect competition, from monopoly to the strategic analysis of oligopolistic markets.

5348. Seminar in Empirical Industrial Organization (3). Prerequisite: ECO 5347 or consent of instructor. Focuses on recent developments in empirical industrial organization, public utility, and regulation literature.

5381. Empirical Studies in Macroeconomics (3). Prerequisite: ECO 5311 or consent of instructor. Contemporary theoretical and empirical macroeconomic issues. Use of empirical studies to evaluate competing hypotheses. Student conducted empirical studies.

5382. Advanced Microeconomics (3). Prerequisite: ECO 5312 or consent of instructor. Topics include investment and capital theory, uncertainty, general equilibrium, and welfare.Back to Top


6000 Level Course

6000. Master's Thesis (V1-6).Back to Top


7000 Level Course

7000. Research (V1-12). Back to Top


8000 Level Course

8000. Doctor's Dissertation (V1-12).Back to Top