Course Descriptions


ECONOMICS (ECON)


Undergraduate

ECON 1090. Topics in Economics. (1-3) Consideration of topics from the areas of economic theory, economic development, consumer economics, welfare economics and current economic problems. May be repeated for credit as topics vary. (On demand)

ECON 1101. Economics for Non-Majors. (3) Economic issues without emphasis on theoretical models. Contemporary economic issues such as pollution control, consumer protection and the energy crisis. May not be taken for credit if credit has already been received for either ECON 2101 or 2102. (On demand)

ECON 2101. Principles of Economics-Macro. (C) (3) Prerequisite: sophomore standing. Scope and methodology of economics as a social science, the measurement of national income, the theory of national income determination, money and banking, monetary and fiscal policy, and international economics. (Fall, Spring, Summer) (Evenings)

ECON 2102. Principles of Economics-Micro. (C) (3) Prerequisite: sophomore standing. Pricing mechanism of a market economy, the industrial organization of the U.S. economy, problems of economic concentration, the theory of income distribution, and comparative economic systems. (Fall, Spring, Summer) (Evenings)

ECON 2105. Consumer Economics. (3) Economic analysis of consumer issues with emphasis on economic decision making. Topics include consumer protection and government regulation, determination of family income, advertising, health care, inflation, taxation, and investment decisions. May not be taken for upper-level credit in business or economics, but may be taken for general University credit. (On demand)

ECON 3090. Topics in Economics. (3) Prerequisite: consent of the Department. Topics from the areas of economic theory, economic development, consumer economics, welfare economics and current economic problems. May be repeated for credit. (On demand)

ECON 3105. Industrial Relations. (3) Prerequisite: introductory course in economics or consent of instructor. Systematic analysis of the sociological, economic and legal forces affecting the work environment. Emphasis on labor unions and employment law. (Fall, Spring)

ECON 3106. Labor Economics. (3) Prerequisites: ECON 2101 and 2102. Economics of labor markets with emphasis on wage and employment theory, collective bargaining, and human capital theory. Historical and legal forces affecting labor markets. (Spring)

ECON 3107. Employment Law. (3) Legal principles and legislation which control employment decisions in union and nonunion settings. Topics include fair employment practices, anti-discrimination law, representation elections, unfair labor practices and dispute settlement processes. (Same as BUSN 3151.) (On demand)

ECON 3112. Econometrics. (3) Prerequisites: ECON 2101 and 2102, MATH 1120 or 1141, STAT 1220 and INFO 2130. Econometric techniques including simple and multiple least squares regression with problems and analyses. (Fall, Summer)

ECON 3114. Research Methods. (3) Prerequisites: STAT 1220, INFO 2130, and ECON 3112 or 3117. Introduction to research in economics including major sources of data and information and application of elementary research methods to economic problems. (On demand)

ECON 3115. Money and Banking. (3) Prerequisite: ECON 2101. The characteristics and functions of money in the modern economy, monetary theory and policy, and financial institutions. (Fall, Spring, Summer)

ECON 3122. Microeconomic Analysis. (3) Prerequisites: ECON 2101 and 2102 and MATH 1120 or 1141. Microeconomic analysis with emphasis on consumer theory and the theory of production. Resource allocation and the determination of optimum output and pricing by a firm operating under various market structures. Distribution and welfare theories. (Fall)

ECON 3123. Macroeconomic Analysis. (3) Prerequisites: ECON 2101 and 2102 and MATH 1120 or 1141. Analysis of economic aggregates with inflation, unemployment, and income determination. Keynesian, Classical, Monetarist, and supply side models. (Spring)

ECON 3125. Economics of the Firm. (3) Prerequisites: ECON 2102, MATH 1120 or 1141, and STAT 1220. Economic decisions of particular interest to business firms, e.g., demand theory and forecasting; cost analysis and pricing policies. (Fall, Spring, Summer) (Evenings)

ECON 3131. Economic History of the United States. (3) Prerequisite: ECON 1101 or 2101 or 2102. Use of economic models to further understanding of the growth and development of the U.S. economy from colonial times to the Great Depression. Emphasis on the sources and consequences of American growth, with particular emphasis on technological, demographic, and institutional changes. (On demand)

ECON 3133. Economic History of Europe. (3) Prerequisite: ECON 1101 or 2101 or 2102. Use of economic models to understand economic development of Europe from the early modern period to the present. Emphasis on the demographic, institutional, and technological changes underlying economic growth and the impact of European economic growth on the rest of the world through international trade, investment, and migration. (On demand)

ECON 3171. International Economics for Non-Majors. (3) Prerequisite: ECON 2101 and 2102. Survey of international trade and international monetary theory including determination of international trade patterns, welfare implications of international trade and trade restrictions, economic integration, exchange rate determination, and the balance of payments. (Not an economics elective for economics majors or minors.) Credit will not be given for ECON 3171 where credit has already been given for ECON 4171 or 4172. (On demand)

ECON 3175. Comparative Economic Systems. (3) Prerequisite: ECON 2102. Compares and contrasts capitalism, socialism, and communism both in theory and practice. (Fall)

ECON 3200. Foundations in Economics (3) Overview of microeconomic and macroeconomic concepts. Microeconomics: scarcity, opportunity costs, marginal analysis, demand, supply and market structures. Macroeconomics: present values, national income accounting, interest rates, real values versus nominal values, monetary and fiscal policy, balance of payments, and economic growth. (Economics preparation to enter MBA program. Cannot be taken for credit toward any undergraduate degree within the Belk College of Business Administration or used as equivalent credit for ECON 2101 - 2102. Credit will not be given for ECON 3200 where credit has been given for ECON 2101 or ECON 2102.) (Formerly ECON 2103.) (Fall, Spring)

ECON 3500. Cooperative Education Experience. (0) Enrollment in this course is required for the Department's Cooperative Education students during each semester they are working in a Co-op position. Restricted to majors in the Department of Economics. Course evaluation is Satisfactory/Unsatisfactory. (Fall, Spring, Summer)

ECON 3895. Directed Individual Study. (1-3) Prerequisites: permission of the instructor and the Department. Independent study of a theoretical and/or a policy problem in a special area of economics. Students may pursue a particular program in depth. Topics of the investigation may originate from the student or from the faculty member supervising the study. May be repeated for credit. (Fall, Spring, Summer) (Evenings)


Undergraduate/Available for Graduate Credit
Additional work required for graduate credit.

ECON 4100. Mathematical Economics. (3) (3G) Prerequisites: ECON 2101 and 2102 and MATH 1120 or 1141. Both microeconomic and macroeconomic problems are analyzed with quantitative techniques. Emphasis is given to the study of methods for mathematically formulating economic relationships including the tools used for finding maximums, minimums and limits to single, recursive and simultaneous economic relationships. Not available for credit in the M.S. program in Economics. (Alternate years)

ECON 4102. Economics for School Teachers. (3) (3G) Prerequisite: permission of the instructor for students not majoring in education. Emphasis on economic concepts and issues that lend themselves to grades K-12 classroom presentation. Includes the development, meaning and functioning of institutions that characterize the U.S. economy. Not accepted for graduate credit in the M.B.A. program or M.S. in Economics program. (Fall, Spring)

ECON 4105. Negotiations and Bargaining Strategy. (3) (3G) Prerequisites: ECON 2102 and 3105. Theories of negotiation strategy. Emphasis on the negotiation of collective bargaining contracts. Topics include the use of arbitration, mediation, conciliation and fact-finding boards to resolve disputes. (On demand)

ECON 4112. Econometrics II. (3) (3G) Prerequisite: ECON 3112 or consent of instructor. Tools of analysis are more extensive and of a greater depth than those studied in ECON 3112. Regression and correlation techniques are applied to economic and business problems derived from government and business environments. Not available for credit in the M.S. program in Economics. (Alternate years)

ECON 4116. Public Sector Economics. (3) (3G) Prerequisite: ECON 3122. Revenue and expenditure problems of governmental units, intergovernmental financial relationships and the impact of federal fiscal policy upon the American economy. (On demand)

ECON 4117. Business and Economic Forecasting. (3) (3G) Prerequisite: ECON 3112. Analysis of fluctuations in economic activity, including production, employment, prices and industry sales. Topics include forecasting methods, business cycle theories, historical record, industry and sales forecasting. Not available for credit in the M.S. program in Economics. (On demand)

ECON 4135. Economics of Development. (3) (3G) Prerequisite: ECON 2102. Theories of economic growth and development applied to varying economic and social systems. Current theoretical models and their relevance to efficient allocation of resources to both the developed and the developing nations. (On demand)

ECON 4150. Urban and Regional Economics. (3) (3G) Prerequisite: ECON 2102. Spatial and economic organization of cities and regional areas and their special economic problems. Topics include economic growth, urban location and land use, poverty, housing, public finance and urban transportation. (On demand)

ECON 4160. Economics of Transportation. (3) (3G) Prerequisite: ECON 2102. Analysis of transportation systems. Topics include the historical development of various modes, costs and rate-making, regulation and national transportation policy. (On demand)

ECON 4171. Economics of International Trade. (3) (3G) Prerequisite: ECON 3122. Theory of international trade including determination of international trade patterns, welfare implications of international trade, economic integration, and effects of tariffs and quotas. (Fall)

ECON 4172. Economics of International Finance. (3) (3G) Prerequisite: ECON 3123. Survey of international monetary theory. Topics include exchange rate determination, balance of payments and adjustment, international liquidity, capital movements, international financial organizations and monetary reform proposals. (Spring)

ECON 4177. History of Economic Thought. (W) (3) (3G) Prerequisites: ECON 2101 and 2102. History of economics as a science and the evolution of theories of value, distribution and employment. Review of the works of Adam Smith, Thomas Malthus, David Ricardo, Karl Marx, Alfred Marshall, Thorstein Veblen, and John Maynard Keynes. (Spring)

ECON 4180. Industrial Organization and Public Policy. (3) (3G) Prerequisite: ECON 3122. An examination of monopolistic competition, oligopoly, and monopoly and questions of public policy in dealing with problems created by industrial concentration. (Fall, Summer)

ECON 4181. Energy and Environmental Economics. (3) (3G) Prerequisite: ECON 2102. Economic issues of both energy and environment. Energy issues include the historical development of energy resources, supply and demand considerations and projections of the future energy balance. Environmental issues are externalities, common property resources and government regulation. Policy considerations include environmental standards, pollution charges and property rights. Cost-benefit analysis and microeconomic theory are applied. (On demand)

ECON 4182. Public Utilities. (3) (3G) Prerequisite: ECON 2102. Economic issues of public utilities, with emphasis on the theory and methods of ratemaking and regulation. (On demand)

ECON 4449. Work-Study Program in Economics. (3-6 or 3-6G hours credit, by determination of Department of Economics.) Prerequisites: ECON 2101 and 2102 and permission of the Department of Economics. Prior to enrollment, plans for the student's work assignments in this course must be completed. Assignments in government, utilities, banking and other paid employment must utilize the techniques and principles learned in core requirements in economics. Work assignments require faculty contact with the student and employer to insure satisfactory performance by the student. A maximum of three hours can be used to meet upper-level economics elective requirements. Not available for credit in the M.S. program in Economics. (Fall, Spring, Summer) (Evenings)


Graduate Only (Permission of Economics Graduate Coordinator Required)

ECON 6001. Advanced Topics in Macroeconomics. (3G) Prerequisites: ECON 6112, 6201 and 6202. Advanced treatment of selected issues in macroeconomics. (On demand)

ECON 6002. Advanced Topics in Microeconomics. (3G) Prerequisites: ECON 6112, 6201 and 6202. Advanced treatment of selected issues in microeconomics. (On demand)

ECON 6090. Topics in Economics. (1-3G) Prerequisite: consent of the department. Topics from various areas of economics. Credit hours will vary with the topic offered. May be repeated for credit as topics vary. (On demand)

ECON 6100. Graduate Mathematical Economics. (3G) Economic problems are analyzed with quantitative techniques. Topics covered include the study of economic growth models, utility maximization, homogeneous functions, dynamic systems, applications of linear programming, and constrained optimization. (On demand)

ECON 6112. Graduate Econometrics. (3G) Advanced study of the theory and application of statistics as it relates to economic problems. Topics include: identification and estimation of simultaneous systems of equations, seasonal adjustment, autocorrelated disturbances, maximum likelihood estimation. (Fall)

ECON 6120. Economics of Futures and Options Markets. (3) (3G) Prerequisites: ECON 6112, 6202. Analysis of futures and options markets. Topics include: theory and application of rational expectations to commodity futures and options, theory and application of economics under uncertainty, statistical behavior of commodity futures and options prices, hedging, regulation of commodity futures markets, and analysis of the success and failure of commodity futures contracts. (On demand)

ECON 6201. Advanced Macroeconomic Theory. (3G) Prerequisites: Admission to graduate program. Theories of aggregate income determination, inflation, unemployment, interest rates and economic growth; macro-economic consumption and investment behavior; the business cycle. (Fall)

ECON 6202. Advanced Microeconomic Theory. (3G) Prerequisite: admission to graduate program. Theories of the firm, of the consumer, and of resource owners; determination of prices under different market structures; general equilibrium analysis and welfare economics. (Fall)

ECON 6218. Advanced Business and Economic Forecasting. (3G) Prerequisite: ECON 6112. Develops forecasting techniques used in business decision making and techniques used in forecasting macroeconomic variables. Topics include: estimation, identification and prediction using ARMAX, state space and Box-Jenkins models; spectral analysis; linear filtering. (Spring)

ECON 6235. Monetary and Financial Theory. (3G) Prerequisites: ECON 6112, and either ECON 6201 or 6202. Theory and empirical tests of money supply, money demand, and financial markets; portfolio theory with special attention to portfolio choices of banks; term structure of interest rates; dynamic models of money and economic activity. (Spring, Summer)

ECON 6240. Economics of International Finance. (3G) Prerequisites: ECON 6112, 6201 and 6202. Open economy macroeconomics, international transmission of inflation and unemployment, internal and external balance; balance of payments and international payments mechanisms; determination of exchange rates and effects of hedging and speculation. (Spring, Summer)

ECON 6241. Economics of International Trade. (3G) Prerequisites: ECON 6112, 6201 and 6202. Examines the causes and consequences of trade using Ricardian and neoclassical models. Considers extensions, modifications and empirical tests of these models. Analysis of tariffs, quotas and other trade restrictions, export subsidies and trends in current trade policy. (On demand)

ECON 6250. Advanced Urban and Regional Economics. (3G) Prerequisite: admission to graduate program. Applications of microeconomic theory to problems of cities, metropolitan areas and regions; methods in regional analysis, location theory, land-use planning, measurement of economic activity; transportation, housing, poverty, and growth issues. (On demand)

ECON 6260. Managerial Decision Making. (3G) Prerequisites: ECON 6112, 6201 and 6202. Decision making by firms; demand and production functions, relation between cost and production functions; risk analysis. (Spring, Summer)

ECON 6800. Directed Study in Economics. (1-3G) Prerequisites: Admission to M.S. program in Economics. Independent study of a theoretical and/or a policy problem in a special area of economics. Topics of the investigation may originate from the student or from the faculty member supervising the study. May be repeated for up to 6 hours of credit with the approval of the Graduate Coordinator. (On demand)

ECON 6901. Research Methods for Economists I. (3G) Prerequisites: ECON 6112, 6201 and 6202. Research programs in economics; problem identification; interpretation of statistical results, bibliographic search, data sources and collection, selection of statistical technique, preparation of reports and proposals. (Spring)

ECON 6902. Research Methods for Economists II. (3G) Prerequisites: ECON 6112, 6201, 6202 and 6901. Critique of economic research and reports, presentation of econometric results and reports. The student will develop a research project, perform statistical tests, and present the results orally and in a major research paper. (Summer)

ECON 6999. Graduate Thesis Research. (0-6G) Individual investigation culminating in the preparation and presentation of a thesis. May be repeated for credit. (On demand)


[Course Descriptions]
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