Economics

All courses, arranged by program, are listed in the catalog. Courses designated as “active” have been offered in the past three years. Courses designated as “inactive” have not been offered in the past three years and indicate the semester in which the course was last offered. If you cannot locate a specific course, try our advanced search link. Current class schedules, with posted days and times, may be found on the Registrar's Office website or by logging directly into iSiS.

49.201 Economics I (Microeconomics) Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5897
Status Active

Studies the principles of production and exchange. An introduction to demand, supply, pricing, and output under alternative market structures. Derived demand and resource markets are introduced.

49.202 Economics II (Macroeconomics) Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5898
Status Active

Studies the principles governing the level of national income and employment. Also examines the commercial banking system, monetary and fiscal policy, the international economy, and alternative economic systems.

49.211 Statistics for Business and Economics I Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5901
Status Active

Presents descriptive statistics, sophisticated counting techniques and other components of probability, simple random variables and their distribution, bivariate functions, sampling theory properties of estimators.

Pre/Co-Requisites: Pre-Req: 92.121 Management Precalculus or 92.128 Calculus IA, or a grade of CR in NC.MGTPRE or NC.MGTCAL.

49.212 Statistics for Business and Economics II Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5902
Status Active

Discusses interval estimation, hypothesis testing, analysis of variance, applied regression theory, correlation analysis, and other selected topics.

Pre/Co-Requisites: Pre-Req: 49.211 Statistics I or 92.183 Intro to Statistics or 92.283 Introduction to Statistics.

49.302 Labor Economics Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5904
Status Active

An introduction to the economic analysis of behaviors and institutions in the labor market: labor supply and participation, labor demand by firms, wage determination under different institutional settings, and gender, race or ethnicity as determinants of different labor market outcomes. The course presents microeconomic models, empirical findings and their public policy implications on topics such as minimum wage, affirmative action, social insurance prorams, workplace safety, and subsidized day care. Prerequisites: 49.201 or instructor's approval.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.303 Microeconomic Theory Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5905
Status Active

Provides an advanced examination of price and production theory and the theory of the consumer and the firm.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.304 Macroeconomic Theory Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5906
Status Active

An analysis of Keynesian and post-Keynesian theory. National income accounts, monetary and fiscal policy, and econometric models.

Pre/Co-Requisites: Pre-Req: 49.202 Economics II (Macroeconomics).

49.306 Urban Economics Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5908
Status Active

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.312 Managerial Economics Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5911
Status Active

Applies the economic theory and statistical methods to business decision making. Estimation of demand, production, cost functions and accompanying elasticity estimates, pricing and output decisions, value maximization problems, and capital budgeting.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.315 Introduction to Environmental Economics Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5913
Status Active

This is a renumbering of an existing course, 49.315. The renumbering to the 400 level is to allow Masters students in programs with environmental content to take this course for credit with their advisor's approval. This course introduces students to the economic and policy aspects of environmental quality and natural resource issues. Simple and complex models are used to blend economic theory with environmental facts. Students will learn to derive policy insights from theoretical constructs. The primary objective is to show how the basic principles in economics can play a valuable role in analyzing and evaluating critical environmental issues and help in determining policy guidelines. Standard benefit cost or efficiency criteria will be applied to a wide variety of environmental issues.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.316 Investments: Instruments and Strategies Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 36846
Status Active

In this course we will look at different types of investments, from stocks, bonds and real estate top mutual funds, hedge funds and derivatives exploring how and when to use them. Students will create a diversified investment portfolio using an online trading program that incorporates products covered in class. In addition we will look at how different exchanges operate and the role of financial investments in real capital accumulation and rising living standards.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.317 Capital Markets Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5914
Status Active

A study of the principles of portfolio theory and the pricing of financial instruments in capital markets. Use of derivative markets to implement arbitrages, hedging and risk management strategies. Extensive background institutional detail on stock, bond, mortgage-backed, currency, futures and options markets.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.318 Financial Markets and Monetary Policy Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5915
Status Active

The economics of financial intermediation and central bank monetary policy. Evaluation of global financial markets, financial deregulation, bank failures and financial stability, determinants of the level and term structure of interest rates, and the impacts of monetary policy changes on overall levels of output, employment and prices are topics analyzed in this course.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics) and 49.202 Economics II (Macroeconomics).

49.319 Public Finance Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5916
Status Active

The economics of the public sector. Principles of public expenditure, taxation, and the public debt applied to federal, state, and local governments.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.325 United States Economic History Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5921
Status Active

The evolution of institutions and their functions, and sources of economic development. The contributions of railroads, agricultural population growth, immigration, capital formation and technological progress to economic development. Other areas addressed: rapid industrialization and antitrust laws; evolution of financial institutions, the creation of the Federal Reserve System, crash of 1929, the depression of the 1930s, the New Deal and various banking acts, the labor movement, the growth of international trade.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics) or 49.202 Economics II (Macroeconomics).

49.345 Health Economics Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5926
Status Active

An introduction to the economic analysis of health care market The course presents microeconomic models, empirical findings and public policies referring to the following topics: the production and demand for health (the investment/consumption aspects of health and the relationship between socio economic status and health status), the issues of moral hazard and adverse selection in the insurance market, the role of information in the physician-patient relationship, the different regulation and payment systems for providers, the Medicare and Medicaid prorams, and the comparisons between the US system and the health systems of other western economies and developing countries. This class aims to help students becoming more informed future citizens and consumers or producers of healthcare. Prerequisites: 49.201 or instructor's approval.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.401 Special Topics in Economics Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 33036
Status Active

Special Topics in Economics is a course for advanced undergraduates in Economics. The content will vary from semester to semester depending on the research interests of the Faculty member teaching the course.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.403 International Trade Theory Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5928
Status Active

The classical and modern theories. International payments, exchange and trade controls, and international trade policy determinants. Prerequisites: 49.201, 49.202.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics) or 49.202 Economics II (Macroeconomics).

49.407 Econometrics Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5931
Status Active

Pre/Co-Requisites: Pre-Req: 49.212 Statistics II.

49.410 Economic Growth and Development Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 33657
Status Active

In this course, we try to solve the puzzles of why some countries are so rich and some are so poor and why some countries grow so quickly and some grow so slowly. After introducing the basic analytical framework, we will investigate various possible reasons in explaining the oserved country differences. Those possible explanations include differences in countries' investment rates, population growth rates, human capital accumulation rates, production technologies, openness to international trade, and government policies. Issues of income inequality and their effect on economic growth will also be addressed. This course is designed for Economics majors or minors who have fulfilled the following prerequisites, and master level students from other departments, such as the Regional Economic and Social Development Department. Pre-req: 49.201 Economics I (Microeconomics) 49.202 Economics II (Macroeconomics)

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics) and 49.202 Economics II (Macroeconomics).

49.415 Introduction to Environmental Economics Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5913
Status Active

This is a renumbering of an existing course, 49.315. The renumbering to the 400 level is to allow Masters students in programs with environmental content to take this course for credit with their advisor's approval. This course introduces students to the economic and policy aspects of environmental quality and natural resource issues. Simple and complex models are used to blend economic theory with environmental facts. Students will learn to derive policy insights from theoretical constructs. The primary objective is to show how the basic principles in economics can play a valuable role in analyzing and evaluating critical environmental issues and help in determining policy guidelines. Standard benefit cost or efficiency criteria will be applied to a wide variety of environmental issues.

Pre/Co-Requisites: Pre-Req: 49.201 Economics I (Microeconomics).

49.485 Internship in Economics Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5938
Status Active

Pre/Co-Requisites: Pre-Reqs: 49.202 Economics II (Macroeconomics) and 49.201 Economics I (Microeconomics).

49.499 Independent Studies Credits: 3

Course Details
Min Credits 3
Max Credits 3
Course ID 5940
Status Active

A course to permit the advanced student to do research in topics of special interest in economics under faculty supervision. This course also may be utilized to offer topics to individual students where there are insufficient number of registrants for a regular class. Restricted to Economics majors.

Pre/Co-Requisites: Pre-Req: 49.212 Statistics II, 49.303 Microeconomic Theory, and 49.304 Macroeconomic Theory.