Schedule of Classes

Nature, scope, and methods of economics; current economic institutions, problems, and policies. Students who have already completed ECO 221 and/or 222 will not receive credit for this course. Not open to College of Business majors.

Institutions, problems, and policies of the market system and alternative systems: allocation of resources and distribution of income. Not open to students with ECO 100.

Process and determinants of overall economic activity and growth. National income accounting; determination of aggregate income, employment, and the price level; money and banking; government monetary and fiscal policies; international economics.

Real and financial sectors of the economy. Emphasis on structure and process of financial intermediation and related policy issues.

Theories of the labor movement; labor legislation and its effect on labor management and society's goals; theories of collective bargaining; impact of government economic policies on labor management relations; wage theory.

Techniques and procedures of application of statistical tools to economic research problems; selected methods for investigating the empirical validity of economic theory.

Origins, economic structure, and functions of urban centers; selected economic problems and policies.

Optimizing behavior and market processes. Emphasizes proficiency in numerous microeconomic tools of analysis. Encourages thought about these tools and the real world they are designed to illuminate.

Continuation of Economics 300, with more difficult and challenging readings.

Individual readings for qualified students under the guidance of a member of the economics staff.

Topics in economics selected, studied, and discussed by students as a group under faculty guidance. Each student begins to explore an area of economic thought in which he or she has a particular interest and plans to write a senior thesis. Required for all economics majors. Pass/Fail.

Analysis of domestic and international markets, resource allocation, market structure, impacts on business decision making and on society, role of government regulation in business, pricing strategies.

The application of economic analysis to explain fluctuations in Gross Domestic Product (GDP), employment, and inflation in our contemporary open economy; evaluation of alternative economic stabilization policies; uses and applications for managerial decision making.