• Courses

    1099, 2099, 3099, 4099 (1-4 hours credit) Special Topics Designed to meet special needs of economics students. May be repeated when topic varies.

    2330 Introduction to Economics (3-3-0) [#] A survey of economic principles. Basic principles, such as the nature of economics, voluntary exchange, markets, supply, demand, and supply-demand applications will be studied in depth. After a thorough grounding in the basics, the remainder of the course will introduce in very general terms the major subject-matter areas of microeconomics. Fall, Spring

    2332 Principles of Microeconomics (3-3-0) [#] A study of the principles involved in the production, cost, exchange, and distribution of goods and services in a market economy. Analysis includes the role of consumers; the theory of the firm; the determination of prices under differing degrees of competition; productive inputs and their earnings; and the economics of international trade. Prerequisite: ECON 2330. Fall, Spring

    2333 Principles of Macroeconomics (3-3-0) [#] A study of the theory and application of economic principles relating to the behavior of aggregate economic activity and the price level. Topics include aggregative economic variables and their measurement, economic growth, economic fluctuations, inflation, unemployment, government deficits, monetary policy, fiscal policy, and international finance. Prerequisite: ECON 2332. Fall, Spring

    3301 Intermediate Microeconomic Theory (3-3-0) Intermediate price theory and introduction to welfare theory. Includes the theory of demand, theory of production, examination of costs, the theory of the firm, and the competitive structure of industries. Prerequisite: ECON 2332. Spring

    3302 Intermediate Macroeconomics Theory (3-3-0) Analysis of the economy with special emphasis on the measurement of income and prices, aggregate demand and supply, output, employment, price determination, inflation, business fluctuations, fiscal and monetary policies and growth. Prerequisite: ECON 2333. Fall

    3332 International Trade (3-3-0) Deals with international trade theory and policy. Topics include the reasons for international trade and factor movements, the instruments of trade policy, the political economy of trade policy, and trade policy in developing and advanced countries. Prerequisite: ECON 2333.

    3333 International Finance (3-3-0) (Also see FINA 3333) Deals with such international financial matters as the balance of payments, the foreign exchange markets, the macroeconomics of open economies, and the international monetary system. Prerequisite: ECON 2333.

    3334 Economic History of the United States (3-3-0) A study of the major economic events and issues in U.S. History utilizing the tools of both micro and macro economic analysis. Prerequisites: ECON 2333; HIST 1301 and 1302 (HIST 1302 may be taken concurrently). The U.S. History prerequisite can also be satisfied by passing standardized tests in the subject matter of HIST 1301 and 1302.

    3335 Law and Economics (3-3-0) Economics provides a scientific theory of behavior as well as a method of evaluating laws’ effects on important social goals. This course applies economic principles to numerous concrete legal questions, especially those arising in the broad areas of common law: property, tort, contract, and crime. Prerequisites: ECON 2332 and BSAD 3303.

    3337 Economic Geography (3-3-0) An overview of regional differences. Topics include: the theory of industrial and agricultural location and human migration; the economic basis for land use patterns, central places, urban form, regional and urban structure, and growth; and an analysis and examination of urban problems. Prerequisite: ECON 2333.

    3338 History of Economic Thought (3-3-0) Development of economic thought and economic methodology from antiquity to the advent of precapitalism to the formation of current schools of economics. The course will focus on the evolution of economics as a body of thought, the historical and cultural circumstances affecting this development, and the movement from classical economics to neoclassical economics as a foundation for modern economic theory. Prerequisite: ECON 2330.

    3344 Money and Banking (3-3-0) (See FINA 3344 for course description.) Prerequisite: ECON 2333 Fall, Spring

    4332 Monetary and Fiscal Policy Since 1960 (3-3-0) A review and analysis of monetary and fiscal policy from 1960 to the present time in order (1) to understand the issues which confronted macroeconomic policy-makers during the period, and (2) to glean from their successes and failures the lessons which we need to learn in order to do a better job in the future of formulating and implementing macroeconomic policy. Prerequisites: ECON 2333 and FINA 3344.

    4333 Capitalism and Christianity (3-3-0) This course addresses the questions of whether or not the basic tenants of Christianity and capitalism are mutually consistent. Can one espouse Christianity and, with intellectual honesty, also endorse a system of economic organization in which free markets determine the allocation of scarce resources to alternative uses and simultaneously determine the distribution of income? On the other hand, can one espouse free markets and, with logical consistency, also espouse Christianity; or must he base his preference for free markets on libertarian philosophy? Prerequisites: BIBL 1301, 1302, and ECON 2332.

    4336 Environmental Economics (3-3-0) (Also see ENVM 5336) An economic analysis of environmental policy and the allocation of resources. Examines the benefits and costs of development of natural resources and the impacts of growth on the environment. Prerequisite: ECON 2333.

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