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Undergraduate Catalog 2013

Economics

ECON 101 (3.00)

Principles of Microeconomics

Basic economic principles and their policy applications: value and price for the firm and industry in different competitive situations, public policy toward the firm, income distribution, elements of international economics and comparative economic systems.
   Course ID: 053297
   Consent: No Special Consent Required
   Components: Lecture
   Course Equivalents: ECON 101H, ECON 101Y
   Attributes: Social Sciences (GEP), Social Sciences (GFR)

ECON 101H (3.00)

Principles of Microeconomics - Honors

   Course ID: 053298
   Consent: No Special Consent Required
   Components: Lecture
   Course Equivalents: ECON 101, ECON 101Y
   Attributes: Social Sciences (GEP), Social Sciences (GFR)
   Requirement Group: You must be admitted to the Honors College.

ECON 101Y (4.00)

Principles of Microeconomics

Basic economic principles and their policy applications: value and price for the firm and industry in different competitive situations, public policy toward the firm, income distribution, elements of international economics and comparative economic systems.
   Course ID: 100500
   Consent: No Special Consent Required
   Components: Discussion, Lecture
   Course Equivalents: ECON 101, ECON 101H
   Attributes: Social Sciences (GEP), Social Sciences (GFR)

ECON 102 (3.00)

Principles of Macroeconomics

Basic economic principles and their policy applications: economic methods and institutions, measurement of aggregate economic activity, national income determination, business cycles and economic growth, and elements of aggregate economic policies such as monetary and fiscal policy.
   Course ID: 053299
   Consent: No Special Consent Required
   Components: Lecture
   Course Equivalents: ECON 102H
   Attributes: Social Sciences (GEP), Social Sciences (GFR)

ECON 102H (3.00)

Principles of Macroeconomics - Honors

   Course ID: 053300
   Consent: No Special Consent Required
   Components: Lecture
   Course Equivalents: ECON 102
   Attributes: Social Sciences (GEP), Social Sciences (GFR)

ECON 121 (3.00)

Principles of Accounting I

The principles of financial accounting for individuals and business entities, including the use of accounting data in making business decisions and public policy.
   Course ID: 053304
   Consent: No Special Consent Required
   Components: Lecture

ECON 122 (3.00)

Principles of Accounting II

Continuation of ECON 121.
   Course ID: 053305
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON121 with a grade of C or better to take this course.

ECON 250 (3.00)

Gender Roles in Economic Life

This course will investigate the influence of gender roles in paid and unpaid work. Topics to be covered include gender in the labor market (job segregation, pay equity, affirmative action), the economics of housework and family care, women in poverty and the role of government. Recommended Preparation: An introductory course in economics, sociology or gender and women's studies.
   Course ID: 050063
   Consent: No Special Consent Required
   Components: Lecture
   Same as Offering: GWST 250

ECON 263 (3.00)

Sports Economics

This course covers a broad number of issues in the economics of sports. Issues studied relate to monopoly structure of professional sports, labor relations between owners and players, and public subsidies to professional sports franchises. Should time allow, the class also will discuss the economics of intercollegiate sports.
   Course ID: 053311
   Consent: No Special Consent Required
   Components: Lecture
   Attributes: Social Sciences (GEP), Social Sciences (GFR)
   Requirement Group: You must have completed ECON101 or ECON101H with a grade of "C" or better to take this class.

ECON 280 (3.00)

The International Economy

An introduction to international economic problems and issues. Topics will include the growing importance of international economic relations, comparative advantage as a basis for gains from trade, impact of various types of trade restrictions,arguments for protection, regional trading arrangements, international investment and migration, balance of payments problems, determination of exchange rates under alternative international monetary systems and special problems of developing countries.
   Course ID: 053312
   Consent: No Special Consent Required
   Components: Lecture
   Attributes: Social Sciences (GEP), Social Sciences (GFR)
   Requirement Group: You must have completed ECON 101 and ECON 102 with a grade of "C" or better to take this class.

ECON 301 (3.00)

Intermediate Accounting I

A comprehensive treatment of the theory underlying accounting principles.
   Course ID: 053315
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 122 with a "C' or better to take this class.

ECON 302 (3.00)

Intermediate Accounting II

A continuation of ECON 301.
   Course ID: 053316
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 301 with a grade of "C" or better to take this class.

ECON 309 (3.00)

Survey of Economic and Finance For Scientists and Engineers

This course is designed to provide science and engineering students with the concepts and tools of economic analysis. It will provide students with an understanding of the broad issues that arise in evaluation of public and private-sector decision-making. Students will learn various concepts of costs and benefits, including social costs and benefits that are needed to evaluate the economic feasibility of private and public-sector projects. Topics include: ways of evaluating costs, including social costs, time values of money, general accounting concepts, economic efficiency criteria, methods to evaluate projects, and ways to incorporate risk and uncertainty into project analysis. This course is repeatable for credit.
   Course ID: 053317
   Consent: No Special Consent Required
   Components: Lecture
   Topics: Econ/Financial Analysis, Econ&Finscientists& Engr, Sur Of Econ/Fin, Survey Of Econ/Fin, Econ & Fin Analysis
   Attributes: Social Sciences (GEP), Social Sciences (GFR)
   Requirement Group: You must have completed ECON101 and either MATH 140 or MATH151 or MATH151H or MATH155 with a grade of C or better before taking this class.

ECON 311 (3.00)

Intermediate Microeconomic Analysis

Economic theory of consumer behavior, production and costs, the firm, price, distribution, general equilibrium and welfare.
   Course ID: 053318
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON101 or ECON101H and MATH 151 or MATH151H or MATH 155 with a grade of C or better before taking this class.

ECON 312 (3.00)

Intermediate Macroeconomic Analysis

Systematic study of the theory of aggregate economics, including the level and growth of national income and employment, the degree of utilization of productive capacity and the general level of prices.
   Course ID: 053319
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON101 or ECON101H and ECON 102 or ECON 102H and either MATH151 or MATH151H or MATH 155 all with a C or better before taking this class.

ECON 313 (1.00 - 3.00)

Economics Internship

Students can earn academic credit for internships related to economics. The internship site is usually off-campus. Students must sign up for and pass Shriver Center practicum. This course can be taken Pass/Fail only and cannot be used to meet Economic major or minor requirements. Recommended Preparation: ECON 311 and ECON 312 with a grade of "C" or better. Variable credit course repeatable a maximum of 6 credits.
   Course ID: 053320
   Consent: No Special Consent Required
   Components: Field Studies

ECON 320 (3.00)

Elements of Quantitative Methods for Management

This course is designed to teach selected topics in mathematics, statistics and models of decision-making to economics and administrative sciences students interested in improving their ability to learn the techniques of modern management.
   Course ID: 053322
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON101 and STAT 121 with a grade of "C" or better before taking this class.

ECON 352 (3.00)

Industrial Relations

This course focuses on trade unions and collective bargaining. Although considerable emphasis is placed on studying the economic effects of unions - for example, the impact of collective bargaining on wages and productivity - unions also will be analyzed as institutions. Topics covered in this course include union history, union growth, collective bargaining procedures, collective bargaining in other countries, union impacts on the economy and on union members, union democracy and public policy concerning unions.
   Course ID: 053323
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 101 and ECON 102 with a grade of "C" or better to take this class.

ECON 374 (3.00)

Fundamentals of Financial Management

Fundamentals of financial management, including financial and working-capital analysis and forecasting, asset pricing theory, capital budgeting, capital structure and cost of capital, dividend policy and special topics in financial management.
   Course ID: 053325
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 101 and ECON102 and ECON121 and ECON 122 and either STAT350 or STAT351 or STAT355 with a grade of "C" or better before taking this class.

ECON 382 (3.00)

Asian Economic History

A historical survey of the development of the economies of Asia.
   Course ID: 053327
   Consent: No Special Consent Required
   Components: Lecture
   Attributes: Culture (GEP), Writing Intensive, Culture (GFR)
   Requirement Group: You must have completed ECON 101 and ECON 102 with a grade of "C" or better to take this class.

ECON 385 (3.00)

Economic Development

A survey of the principles and problems of the economies of less-developed countries. Includes dimensions of poverty, patterns of development, sources of growth, role of trade and industrial development, planning, the agricultural sector and the new international economic order. Case studies from Asia, Africa and South America.
   Course ID: 053328
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 101 and ECON 102 with a grade of "C" or better to take this class.

ECON 387 (3.00)

Economic Development of Latin America

A study of the economic history and current important economic issues of the countries of Latin America. Topics covered in this course include the economics of colonial Latin America, dependency theory, strategies of import substitution, industrialization and the debt crisis. The experiences of several specific countries will be analyzed in detail.
   Course ID: 053330
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 101 and ECON 102 with a grade of "C" or better to take this class.

ECON 403 (3.00)

Economic Growth and Cycles

A study of the theories, problems and policies related to economic growth and business cycles.
   Course ID: 053332
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 312 and STAT 351 (or its equivalent) with a grade of "C" or better before taking this class.

ECON 405 (3.00)

Benefit-Cost Evaluation

This course develops the basic conceptual framework used in benefit-cost analysis and illustrates how the framework can be used to evaluate specific public-sector programs and policies. The course demonstrates how many of the tools of economics can be applied to practical problems.
   Course ID: 053333
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 408 (3.00)

Managerial Economics

Application of economic analysis to resource allocation within the firm. Problems associated with production scheduling, inventory management, product promotion and distribution are analyzed.
   Course ID: 053334
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311and ECON 320 with a grade of "C" or better before taking this class.

ECON 410 (3.00)

Selected Topics in Financial Economics

Study of a particular topic in financial economics. Each semester this course is offered, the specific topic to be covered will be announced before registration. Students should refer to the course description published in the schedule of classes. This course is repeatable for credit.
   Course ID: 053335
   Consent: No Special Consent Required
   Components: Lecture
   Topics: Topics In Fin Econ, Global Aging/Soc. Insur., Economics Of Risk Mgmt, Personal Financial Econ, Monetary Theory/Policy, Health Care Financing, Risk Mngmt Financial Ins, Global Aging, Venture Capital, Venture Capt Market Impe, Global Aging And Soc.Ins, Market Power and Strategic Beh, Household Finance Over the Lif
   Requirement Group: You must have completed ECON 374 with a grade of "C" or better before taking this class.

ECON 411 (3.00)

Topics in Microeconomics

Study of a particular topic in microeconomics. Each semester this course is offered, the specific topic to be covered will be announced before registration. Students should refer to the course description published in the Schedule of Classes. This course is repeatable a maximum of 6 credits.
   Course ID: 053336
   Consent: No Special Consent Required
   Components: Lecture
   Topics: Economics Of Tech & Inno, Real Estate Econ&Finance, Econ Hist/American Fam, Econ Tech & Innovation, Eco Hist Since Civil War, Market Power and Strategic Beh, Sports Economics
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 412 (3.00)

Topics in Macroeconomics

Study of a particular topic in macroeconomics. Each semester this course is offered, the specific topic to be covered will be announced before registration. Students should refer to the course description published in the Schedule of Classes. This course is repeatable a maximum of 12 credits.
   Course ID: 053337
   Consent: No Special Consent Required
   Components: Lecture
   Topics: Global Aging And Soc Ins, Global Aging, Topics In Macroeconomics
   Requirement Group: You must have completed ECON 312 with a grade of "C" or better before taking this class.

ECON 413 (3.00)

Industrial Organization

A study of the structure and performance of American industry.
   Course ID: 053338
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 414 (3.00)

Economics of Antitrust and Regulation

Analysis of policies on antitrust, patents and technology, economic regulation of natural monopoly and social regulation (such as environmental and occupational safety regulations).
   Course ID: 053339
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 415 (3.00)

Organizations, Incentives and Behavior: Theory and Policy

This course applies economic analysis of corporations to alternative organizations, including nonprofit and public-sector organizations, and markets and economies as forms of organizations. Topics include transactions costs and property rights; contracting, information and incentives; and implications for policy analysis.
   Course ID: 053340
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 416 (3.00)

The Economics of Law

Assessment of the role of economics in jurisprudence. Applications of economic theory to analyze and evaluate the doctrines of the main types of common law - property, liability, contract and criminal law - as means to promote efficiency. Other topics may include copyright and First Amendment issues.
   Course ID: 053341
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 417 (3.00)

The Economics of Strategic Interaction

Economists have adapted and developed numerous analytical techniques to study settings where strategic interaction between a few agents - competitors or cooperators - is important. These techniques help us understand how imperfect information can affect bargaining, threats, contracting, market entry, vertical integration and the performance of oligopolies. This course surveys these techniques, defining and analyzing games with symmetric and asymmetric information, examining communication-related issues, including adverse selection, moral hazard, signaling, bargaining, auctions and issues in industrial organization. This course is especially recommended for students planning to go on to graduate school in business or economics.
   Course ID: 053342
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 418 (3.00)

Economics of Innovation and Technology

This course examines the economic determinants and consequences of innovation, creative activity, and technological advance. It surveys both theoretical models and empirical studies of the determinants of creative and inventive activity. It considers classic statements of the role of the entrepreneur in economic life including those of Frank Knight, Joseph Schumpeter, and Israel Kirzner. It reviews estimates of private and social returns to investments in research and development. Policy issues involving patents, intellectual property, and public subsidies to research will also be considered. Students will be asked to develop case studies of both successful and unsuccessful business and technological innovations.
   Course ID: 053343
   Consent: No Special Consent Required
   Components: Lecture
   Attributes: Writing Intensive
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 421 (3.00)

Introduction to Econometrics

Fundamentals of regression methods applied to empirical analysis of economic phenomena. Topics include single-equation regression models with classical assumptions, special econometric techniques for non-classical regression models and simultaneous-equations models.
   Course ID: 053344
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 and ECON 312 and STAT 351 with a grade of "C" or better before taking this class.

ECON 422 (3.00)

Topics in Econometrics

Selected advanced topics in econometrics.
   Course ID: 053345
   Consent: No Special Consent Required
   Components: Lecture
   Topics: Introduction to Financial Econ
   Requirement Group: You must complete ECON 421 with a grade of "C" or better before taking this class.

ECON 423 (3.00)

Economic Forecasting

Study of the application of economic statistics to forecasting problems. Topics covered include analysis of cross-section and time-series data, use of published economic indicator series and forecasting methodology.
   Course ID: 053346
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 312 and STAT 351 (or its equivalent) with a grade of "C" or better before taking this class.

ECON 433 (3.00)

Urban Economics

Analysis of the economic aspects of urban problems and of alternative public policy of local, state and federal government. Topics are government expenditure, location, tax theory and borrowing policy, employment, income, poverty and welfare, housing and urban renewal, environmental quality, transportation and public overhead capital, and public services.
   Course ID: 053348
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 434 (3.00)

Regional Economics

Economic analysis of the location of economic activity. Topics covered include theories of location choice, transportation costs, migration, land use, regional development and government policies affecting regional development.
   Course ID: 053349
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 437 (3.00)

The Economics of Natural Resources

Economic theory of the use of renewable and non-renewable resources. Economic theory is used to determine optimal pricing and use of natural resources, both in the current period and over time. Actual markets and institutions for selected resources, such as energy resources, are studied in some detail.
   Course ID: 053351
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 439 (3.00)

Environmental Economics

Economic analysis of the causes, effects and alternative solutions of the problems of air pollution, water pollution and toxic wastes. Economic theory is applied to define environmental quality goals and to analyze alternative policies for achieving these goals.
   Course ID: 053352
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 441 (3.00)

American Economic History

A survey of the growth and development of the American economy from colonial times to the present.
   Course ID: 053353
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 or ECON 312 with a grade of "C" or better before taking this class.

ECON 442 (3.00)

European Economic History

A survey of European economic history from prehistoric times to the present.
   Course ID: 053354
   Consent: No Special Consent Required
   Components: Lecture
   Attributes: Writing Intensive
   Requirement Group: You must take ECON 311 and ECON 312 with a grade of "C" or better before taking this class.

ECON 443 (3.00)

History of Economic Thought I

Survey and analysis of major developments in economic thought from ancient times through the middle of the 19th century. Mercantilism, physiocracy, the classical economics of Adam Smith and David Ricardo, and the economic ideas of Karl Marx.
   Course ID: 053355
   Consent: No Special Consent Required
   Components: Lecture
   Attributes: Writing Intensive
   Requirement Group: You must take ECON 311 and ECON 312 with a grade of "C" or better before taking this class.

ECON 444 (3.00)

History of Economic Thought II

Survey and analysis of major developments in economic theory from mid-19th century through mid-20th century. The breakdown of classical economics, marginalism, the theory of production and income distribution, Alfred Marshall's neoclassical economics, the development of welfare economics and macroeconomic analysis.
   Course ID: 053356
   Consent: No Special Consent Required
   Components: Lecture
   Attributes: Writing Intensive
   Requirement Group: You must take ECON 311 and ECON 312 with a grade of "C" or better before taking this class.

ECON 451 (3.00)

Labor Economics

This course focuses on theoretical and policy issues that relate to the operation of labor markets. Topics include labor supply, labor demand, labor mobility, unemployment and the effect of various government policies on labor markets. A wide range of government policies on labor markets, including minimum-wage legislation, income transfer programs, and employment and training programs are examined.
   Course ID: 053358
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 453 (3.00)

Household Economics

Systematic and integrative treatment of a range of household decisions that utilizes and extends intermediate consumer theory. Topics include household production, marriage and fertility, life-cycle models of consumption, learning and the allocation of time.
   Course ID: 053360
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 454 (3.00)

Economics of Education and Human Capital

This course deals with theoretical and policy issues relating to the development of human resources. Topics to be covered include: the theory and importance of investment in education and training; measuring the rate of return to education; racial and sexual discrimination; poverty and the distribution of income; analyzing the effectiveness of the American educational system; recent innovations in the organization of education; and issues in the financing of primary, secondary and higher education.
   Course ID: 053361
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 455 (3.00)

Comparative Economic Systems

A comparative survey of alternative economic systems. Topics include the theoretical foundations of economic systems, analysis of the structure and performance of important national economies, and the economics of transition from planned to market economies.
   Course ID: 053362
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 457 (3.00)

The Economy of Russia and the Soviet Union

An economic analysis of the history, development and operation of the Russian and Soviet economies from feudal Russia to the demise of the Soviet Union. Analysis of the institutional structure and performance of pre-1917 Russian agriculture and industry. Analysis of war, communism, the new economic policy, the Stalinist model, post-Stalin reforms and the end of the Soviet economic system.
   Course ID: 053363
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 463 (3.00)

Theory of Public Finance

Economic theory of government finance. Social goals and economic criteria for tax,expenditure, transfer, regulatory, debt and stabilization policy.
   Course ID: 053364
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 464 (3.00)

State and Local Public Finance

Analysis of state and local government economics. Application of social norms and economic criteria for evaluation of receipts (taxation, borrowing, user charges and transfers), outlays (education, transportation, law and justice, utilities, welfare, fire protection, health and others), and regulation and control (land use, environmental quality, utilities, transportation and others).
   Course ID: 053365
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 465 (3.00)

The Economics of Discrimination

This course examines economic theories, empirical evidence and economic policies that relate to discrimination in economic life. Discrimination will be examined in a range of economic markets, including labor, education, housing, mortgages, other loans and insurance. Discrimination by government also will be examined. The types of discrimination covered are based on ethnicity, gender, race and religion. However, the focus is on African Americans and women. The course emphasizes critical analysis of empirical evidence and economic models.
   Course ID: 053366
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON101 or ECON101H with a grade of "C" or better to take this class.

ECON 466 (3.00)

Global Aging and the Future of Social Insurance

This course examines the demographic causes for and the multiple social and economic effects of the unprecedented demographic trend of aging in the population of the U.S. and of countries throughout the world. This course prepares students to understand and to join the debates about social insurance programs (e.g. Social Secuirty and Medicare) into the 21st century in the U.S., the developed countries and third world nations. Specific topics include a visualization of the planet at mid-century and beyond, challenges from the unfunded liability of these programs, and the technique of generational accounting. Policy options to address the multifaceted dilemmas will be explored, including an overview of policies being implemented in other developed nations. Finally, personal strategies to address the expected trends are explored.
   Course ID: 052107
   Consent: Department Consent Required
   Components: Lecture
   Same as Offering: AGNG 454

ECON 467 (3.00)

Health Economics

The course deals with the factors underlying the demand and supply of health and medical care services. Included are the market, voluntary nonprofit and governmental sectors of the industry. Special topics are the regional coordination of hospital facilities and programs, the consumer price index, and the measurement of benefits and costs of control programs.
   Course ID: 053367
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON101 or ECON101H with a grade of "C" or better to take this class.

ECON 471 (3.00)

Money and Capital Markets

Analysis of portfolio theory and the role of finance in the economy. Survey of sources and uses of funds of the major financial institutions in the contemporary American economy. Analysis of sources of funds, organizational structure, yields, and the impact on the macroeconomy of major money markets (federal funds, commercial paper, Treasury bills, etc.) and capital markets (state and local government securities, mortgages, bonds and stocks). Major international financial markets (foreign exchange, Euro-dollars) are discussed briefly.
   Course ID: 053368
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have taken ECON 374 and ECON 311 and received a grade of "C" or better before taking this class.

ECON 472 (3.00)

Monetary Theory and Policy

A study of theories of monetary economics from the classical quantity theory to the contemporary monetarist view. Analysis of contemporary theory and empirical evidence on money supply and demand and the impact of money on the economy. Evaluation of monetary policy in a historical-analytical framework.
   Course ID: 053369
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 312 with a grade of "C" or better before taking this class.

ECON 474 (3.00)

Cases in Corporate Finance

Economic analysis of the problems of financing modern corporations. A theoretical and applied treatment of asset pricing, capital budgeting, capital structure and the cost of capital, as well as an analysis of specific debt and equity instruments. Students are required to analyze and present cases on a regular basis.
   Course ID: 053371
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have taken ECON 374 and ECON 311 and received a grade of "C" or better before taking this class.

ECON 475 (3.00)

Financial Investment Analysis

An examination of financial assets, financial markets and investment portfolio decisions. Stocks, bonds and derivative securities and their risk and return characteristics are examined.
   Course ID: 053372
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have taken ECON 374 and ECON 311 and received a grade of "C" or better before taking this class.

ECON 476 (3.00)

Portfolio Analysis and Management

Application of economic analysis to the process of portfolio management, including objectives and risk preferences, portfolio constraints and optimization techniques (such as linear programming), scenario forecasting, asset allocation and individual asset selection.
   Course ID: 053373
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have taken ECON 374 and ECON 311 and received a grade of "C" or better before taking this class.

ECON 477 (3.00)

Analysis of Derivative Securities

A survey of the nature of major financial derivative securities, including options, futures and swaps. Study of the theoretical models of derivative securities including the binomial options model and the Black-Scholes model. Evaluation of the role of options in hedging and arbitrage.
   Course ID: 053374
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have taken ECON 374 and ECON 311 and received a grade of "C" or better before taking this class.

ECON 478 (3.00)

Real Estate Economics and Finance

This course focuses on the analysis and valuation of residential and commercial property. Topics include the financing or purchase of properties, factors that determine valuation and methods to evaluate investment in projects. This course is repeatable for credit.
   Course ID: 053375
   Consent: No Special Consent Required
   Components: Lecture
   Topics: Real Estate Econ And Fin
   Requirement Group: You must have taken ECON 374 and ECON 311 and received a grade of "C" or better before taking this class.

ECON 479 (3.00)

Venture Capital and Capital Market Imperfections

Study of asymmetric information makes raising financing in traditional capital markets difficult for some types of firms, and how venture capital overcomes these difficulties. Topics include theoretical models of asymmetric in capital markets, empirical analyses of how venture capitalists structure and monitor their investments, the performance of firms backed by venture capital, and how venture capitalists exit their investments.
   Course ID: 100019
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must take ECON 374 and receive a grade of "C" or better before taking this class.

ECON 481 (3.00)

International Trade Theory

A survey of the major theories of international trade. An analysis of why countries trade, what determines the commodity composition of international trade and the gains from trade. The theory of trade restrictions and the formulation of trade policy. Other topics include customs unions, international factor movements, cartels and commodity agreements, and trade policies for developing countries.
   Course ID: 053376
   Consent: No Special Consent Required
   Components: Lecture
   Course Equivalents: ECON 481H
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 481H (3.00)

International Trade Theory

A survey of the major theories of international trade. An analysis of why countries trade, what determines the commodity composition of international trade and the gains from trade. The theory of trade restrictions and the formulation of trade policy. Other topics include customs unions, international factor movements, cartels and commodity agreements, and trade policies for developing countries.
   Course ID: 100143
   Consent: No Special Consent Required
   Components: Lecture
   Course Equivalents: ECON 481
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 482 (3.00)

International Finance

Introduction to international monetary relations. A study of exchange rate determination, balance of payments phenomena and international monetary systems.
   Course ID: 053377
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 312 with a grade of "C" or better before taking this class.

ECON 486 (3.00)

Topics in Economic Development

Application of economic analysis to a study of some of the major issues in the economics of development, including project appraisal (cost-benefit analysis), planning, sources of capital, the role of population growth and labor markets, and macroeconomic stabilization. This course is repeatable a maximum of 12 credits.
   Course ID: 053379
   Consent: No Special Consent Required
   Components: Lecture
   Topics: Top:Food Pol/Industrlztn, Topics In Economic Devel
   Requirement Group: You must complete ECON 311 and ECON 312 and ECON 385 or ECON 387 with a C or better.

ECON 490 (3.00)

Analytic Methods in Economics

Study of linear algebra, derivatives, differentials and optimization. Each topic is followed by economic applications.
   Course ID: 053382
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON 311 with a grade of "C" or better before taking this class.

ECON 493 (3.00)

Individual Research in Economics

Open to economics majors with 3.2 grade point average or better in economics. Recommended Preparation: At least one 400-level course in the field in which the student proposes the research and the consent of instructor in the relevant field.
   Course ID: 053383
   Consent: No Special Consent Required
   Components: Research

Admin Sciences Acctng

ECAC 121 (1.00)

Principles of Accounting I Practice Set

This course reviews the accounting principle applications covered in ECON 121 using computerized practice sets. The course is an excellent review for transfer students and those students who wish to review accounting concepts and procedures before taking additional coursework in this area.
   Course ID: 053264
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON121 with a grade of C or better to take this course.

ECAC 122 (1.00)

Principles of Accounting II Practice Set

This course reviews accounting principle applications covered in ECON 122 using computerized practice sets. The course is an excellent review for transfer students and those students who wish to review accounting concepts and procedures before taking intermediate-level coursework.
   Course ID: 053266
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON122 with a grade of C or better to take this course.

ECAC 200 (3.00)

Survey of Accounting for Entrepreneurs

The course is designed to meet the needs of non-accountants who want a basic understanding of financial statements and who want to learn how to use accounting information in the decision-making process. Topics will include organizational structure, financial reporting with an overview of the accounting cycle, cost management and management control. This survey course is designed for students who have not had previous accounting instruction.
   Course ID: 053268
   Consent: No Special Consent Required
   Components: Lecture

ECAC 300 (3.00)

Special Topics in Accounting

The study of a particular topic in the field of accounting. Each semester this course is offered, the specific topic to be covered will be announced before registration. Students should refer to the course description, including any additional prerequisites, published in the schedule of classes. This course is repeatable for credit.
   Course ID: 100100
   Consent: No Special Consent Required
   Components: Lecture
   Topics: Taxation of Business Entities
   Requirement Group: You must have completed ECON121 with a grade of C or better to take this course.

ECAC 317 (3.00)

Accounting Information Systems

This course examines accounting systems concepts and technologies, transaction processing systems and the control of accounting information. The roles and uses of technology will be explored in regard to accounting systems design, financial and processing controls, performance evaluation and information security.
   Course ID: 050061
   Consent: No Special Consent Required
   Components: Lecture
   Same as Offering: IS 317
   Requirement Group: You must have completed ECON122 with a grade of C or better to take this course.

ECAC 321 (3.00)

Auditing Theory and Practice

A study of the principles and problems of auditing: preparation of working papers and reports, control systems and certification.
   Course ID: 053269
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: Must have completed ECON302 with a grade of "C" or better to take this course.

ECAC 329 (3.00)

Cost Accounting

Analysis of manufacturing costs and costs of services. The application of these costs to such problems as job order and process costs, standard costs, direct costs, and budgetary and break-even analysis.
   Course ID: 053271
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: Must have completed ECON121 and ECON122 with a grade of "C" or better to take this course.

ECAC 330 (3.00)

Principles of Taxation

A study of federal taxation related to individuals and corporations. Emphasis will be on practical applications of tax law and preparation of tax returns.
   Course ID: 053272
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECON121 with a grade of C or better to take this course.

ECAC 351 (3.00)

Advanced Cost Accounting

Continuation of ECAC 329, with emphasis on divisional performance measurement, transfer pricing and use of statistical decision models in cost analysis.
   Course ID: 053275
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: You must have completed ECAC329 with a grade of "C" or better before you can take this course.

ECAC 399 (3.00)

Accounting Internship

This internship provides students an opportunity to receive experience in positions related to accounting. Although many students have some sort of job during their college career, this internship is designed to offer a more progressive experience coupled with relevant academic requirements. This internship includes on-the-job experience and directed reading. Recommended Preparation: ECON121 and ECON122 This course is repeatable for credit.
   Course ID: 053276
   Consent: No Special Consent Required
   Components: Field Studies

ECAC 401 (3.00)

Advanced Accounting

Advanced accounting theory, including specialized problems in partnerships, ventures, consignments, installment sales, insurance statement of affairs, receivers' accounts, realization and liquidation reports, and consolidation of parent or subsidiary accounts.
   Course ID: 053277
   Consent: No Special Consent Required
   Components: Lecture
   Requirement Group: Must have completed ECON302 with a grade of "C" or better to take this course.

ECAC 420 (3.00)

Information Systems for Auditors

Information Systems Auditing involves the examination of controls within an organization's IT infrastructure. Formerly known as an EDP Audit, the IS Audit involves collecting and evaluating evidence about an organization's systems, practices and operations. This course covers methods and outcomes of those procedures as well as the impact and implications involving controls mandated by governmental agencies.
   Course ID: 050062
   Consent: No Special Consent Required
   Components: Lecture
   Same as Offering: IS 417
   Requirement Group: You must have completed ECAC 321 and IS 300 both with a grade of C or better.