2023-2024 Undergraduate General Catalog


300

ECON 301 Money, Banking, and Financial Institutions (W)

Development of the monetary and financial system: nature and functions of money, organization and operation of commercial banks and the Federal Reserve System and an introduction to monetary theory and policy.

Credits

3

Prerequisites

ECON 120; ECON 121; MATH Course

ECON 320 Intermediate Microeconomics

Intermediate Microeconomics applies economic analysis to the process of managerial decision making. Topics include consumer theory, production theory, supply and demand, elasticity, and managerial decision making under various market structures. Additional topics may include regression analysis, alternative explanations of wage rate determination, income inequality, and discrimination.

Credits

3

Prerequisites

ECON 121; ECON 270

ECON 321 Intermediate Macroeconomics

An analysis of aggregate production, employment, income, and price level from different theoretical perspectives.

Credits

3

Prerequisites

ECON 121; ECON 270; MATH Course

ECON 325 Game Theory and Math Economics

This course offers an introduction to mathematical models of economic behavior. Part I focuses on basic concepts in game theory, including best response analysis, Nash equilibria in pure and mixed strategies, simultaneous and sequential games, repeated games, and games with incomplete information. These concepts will be used to analyze various forms of economic competition. Part II applies the techniques of linear algebra, calculus, and optimal control theory to a wide range of micro and macroeconomic settings. Topics include comparative statics, multivariable and constrained optimization, and economic dynamics.

Credits

3

Prerequisites

MATH 151

Corequisites

ECON 320 (preferable as a prerequisite; may be a co-requisite)

Notes

this course is proposed to support the new Quantitive Economics major

ECON 333 International Political Economy

Analysis of the historical and theoretical basis for international trade and the politico-economic institutions that facilitate and impede it. Critical survey of themes associated with economic "globalism".

Credits

3

Prerequisites

ECON 121

ECON 337 History of Economic Thought and Methodology

The study of economic concepts and doctrines within the social context of the past and their impact on the development of economic theory and methodology.

Credits

3

Prerequisites

ECON 121

Cross Listed Courses

HIST 337

ECON 373 Econometrics (C)

Ordinary least squares regression, including underlying assumptions and interference in both simple and multiple regression models is discussed, as are dummy variables, model structure, and functional form. Methods designed to detect and correct for the violations of the standard assumptions are examined. The effects of individual observations and of correlation among independent variables are also discussed. Additional topics include simultaneous equations, time series, limited dependent variable, and panel data models.

Credits

3

Prerequisites

ECON 120; ECON 121; ECON 270 or MATH 315

ECON 397 Topics:

Special Topics course. Repeatable if different topic. Description found at augie.edu/registrar

Credits

3