Courses

EC 280S: Introductory Microeconomics of the Environment
Price theory, operation of market system, competitive and monopoly structures, externalities, public goods, common property resources. Applications analyze environmental policy issues and decisions. Credit will be given for only one of EC 280S or EC 281S.

EC 281S: Principles of Microeconomics
Price theory, operation of market system. Industrial structure and pricing under different competitive structures. Credit will be given for only one of EC 280S or EC 281S.

EC 282S: Principles of Macroeconomics
Main sectors of the economy (consumers, business and government) focusing on policy. Monetary and fiscal policy, inflation, recession, balance of payments. Required for all students majoring in economics.

EC 301: Leadership: The Human Side of Economics
Experiential exercises, readings, and class discussion designed to investigate and challenge behavioral assumptions of contemporary economics paradigm. Leadership theories will be explored to facilitate a broader understanding of human organizational behavior and optimal decision making. Prerequisite: EC 280S or EC 281S.

EC 368: Climate Change, Trade, Economic Development
Analyze potential climate change solutions, promoting international development, energy security, poverty alleviation. Environment: human right (climate litigation), global public good (global carbon tax).

EC 371: Economics of Labor Markets
The role of labor in the economic system. Division of labor, job segregation, wage theory, relationship among work, family, household production. Prerequisite: EC 280S or EC 281S.

EC 373: Natural Resource Economics
Role of economic theory in analyzing and evaluating natural resource policy issues and sustainable development. Developing models of optimal use of resources: energy, fisheries, water, forests, agriculture, biodiversity. Prerequisite: one of EC 201S, 280S, or 281S.

EC 374: Environmental Economics
Application of microeconomic principles to contemporary environmental policy issues such as air and water pollution, global climate change, and toxic waste. Exploration of cost benefit analysis and methods to value environmental amenities. Prerequisite: one of EC 201S, EC 280S, or EC 281S.

EC 381: Intermediate Microeconomic Theory
Continuation of EC 281S. Theoretical basis for consumer demand, firm production and costs, pricing and output decisions of firms within market structures. Algebraic and graphical models. Explore empirical techniques for estimating demand. Prerequisite: EC 280S or EC 281S.

EC 382: Intermediate Macroeconomics
Continuation of EC 282S. Determinants of aggregate demand and supply, using dynamic and static models of analysis. How to use an understanding of economic analysis to achieve policy objectives and understand trade-offs. Prerequisites: EC 282S and MN 260M.

EC 384: Managerial Economics
Applied economic theory, mathematics, game theory and statistics in business decision making. Optimization techniques under conditions of uncertainty. Selecting the "best" solutions to business problems. Prerequisites: EC 280S (or EC 281S).

EC 386: Money, Banking, and Financial Institutions
History and development of monetary system and financial structure. Money creation and influence on macroeconomic activity. Monetary policy implications of regulatory agencies with specific emphasis on the Federal Reserve. Prerequisite: EC 282S.

EC 388: International Economic Development
Factors shaping development, underdevelopment of Africa, Asia, Latin America. Also social, political aspects of economic development. Land reform, nature management, appropriate technologies, industrialization, rural-urban migration, foreign investment, aid, trade. Prerequisites: one of EC 201S, EC 280S, EC 281S, or EC 282S.

EC 460: Econometrics
Introduction to applied econometrics including analysis of dummy variables, violations of classical assumptions. Prerequisite: MN 260M.

EC 480: International Economics: Foreign Exchange
Theory, currency markets, balance of payments, government macrostabilization policies and exchange rate systems. Bretton Woods, European Monetary System, G5 negotiations, LDC debt, Mexican/Asian crises, international monetary reform. Prerequisites: EC 282S.

EC 481: International Economics: Trade
Theory, government policies, free trade, protectionism, U.S. commercial policy, GATT and WTO talks, US-Japan-EEC trade issues, developing countries, solutions for international trade problems. Prerequisite: one of EC 280S, EC 281S, or EC 282S.

EC 491: Managerial Economics

EC 498: Comprehensive Examination

EC 499: Senior Thesis