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Economics (ECON)

 

235 Economics in Society (3) General introductory course highlighting economic and social issues facing society. In addition to covering traditional issues such as markets and prices, government economic management and international trade, it introduces economic content into the analysis of problems such as poverty and discrimination, pollution control, and provision of government services. Primarily oriented toward students outside business and economics, including social work, sociology, history, political science, education and the natural sciences. Meets the General Education contemporary society requirement. F06, S07, F07, S08.

 

250 Principles of Microeconomics (3) The role of households, firms and industries in the use of resources. Survey of consumption, production, markets, price determination, and industrial organization including competition, monopoly, monopolistic competition, and oligopoly. Policy issues. Meets the General Education contemporary society requirement. F06, S07, F07, S08.

 

251 Principles of Macroeconomics (3) Fundamentals of social organization and issues in the allocation of resources to goods and services. Survey of national income accounts, employment theory, economic growth, fiscal and monetary policy, money and banking, and international trade payments. Policy issues. Meets the General Education contemporary society requirement. F06, S07, F07, S08.

 

330 Money and Banking (3) History, development and role of money and the banking system and their relationship to employment, prices, economic growth, foreign trade and payment balances. Emphasis on the Federal Reserve System. Prerequisites: ECON 250 and 251, or ECON 235. F06, F07.

 

333 Transportation Economics (3) Introductory course incorporates both applied and theoretical approaches to transportation. Focuses on domestic transportation, but an international dimension is included. Covers basic modes of transportation, their economic and organizational characteristics, role and function in the economy, regulatory and Policy issues, rate setting, principles of logistics, shipper and carrier management, and intermodalism. Prerequisites: ECON 250 and 251, or ECON 235. S07, S08.

 

350 Microeconomic Analysis (3) Economic theory in the analysis of household, firm and industry behavior. Includes demand, supply, production functions, price theory, industrial organization, factor markets, general equilibrium and welfare economics; policy issues. Prerequisites: ECON 250 and 251, or ECON 235. F06, F07.

 

351 Macroeconomic Analysis (3) Economic theory in the analysis of aggregate economic behavior and policy issues. Includes national income and product accounts, employment theory, price levels, and interest rates; IS and LM analysis; Keynesian and Monetarist viewpoints. Prerequisites: ECON 250 and 251, or ECON 235. S07, S08.

 

362 Public Finance (3) Theoretical foundation and institutional role of government in the economy. Includes theory of social goods and public decisions, the budgeting process, and the impact of taxation and expenditure on the allocation of resources, distribution of income and economic stability. Prerequisites: ECON 250 and ECON 251, or ECON 235. S07, S08.

 

400 Economics Internship (2-7) Opportunity for students to earn academic credit by extending classroom learning to real-world settings.  Students obtain the cooperation of an employer and prepare a learning contract. Prerequisites: ECON 350, 351; consent of cooperating instructor and department chair. Pass-Fail only. F06, S07, F07, S08.

 

430 International Economics (3) The rationale for international trade, comparative advantage. Includes trade and tariff theory and mechanisms; the history and status of trade restrictions; international institutions and agreements to promote trade. Prerequisites: ECON 250 and 251, or ECON 235. F06, F07.

 

432 International Monetary Relations (3) International payments and the international monetary system in which they take place. Focuses on foreign exchange markets, exchange rate regimes and corresponding balance-of-payments adjustment processes and policies, major international financial institutions, international monetary policies and policy coordination. Prerequisites: ECON 250 and 251, or ECON 235.

 

435 Economic Development (3) Nature and process of economic development from local to national levels within historical and international perspectives. Includes alternative theories and strategies of economic development; recent changes and trends in world, U.S., and Wisconsin economies, and implications for local and regional development; selected case studies and applications. Prerequisites: ECON 250 and 251, or ECON 235. S07.

 

438 Comparative Economic Systems (3) Analysis and development of various forms of economic organization and decision mechanisms at the societal level. Emphasis on modern centralized, decentralized, and mixed economies; evaluation of economic performance. Prerequisites: ECON 250 and 251, or ECON 235. S07.

 

470 Economic Forecasting Methods (3) Capstone course examines methods of forecasting microeconomic and macroeconomic activity. Topics include forecasts of sales, stock prices, interest rates, business fluctuations and national income data. Methods include time series decomposition and regression, hypothesis testing and indexation. Prerequisites: BUS 270 or MATH 130 or equivalent; CIS 108; ECON 350, ECON 351; or by consent of instructor. S07.

 

481 Seminar in Economic Issues (3) In-depth discussion of current economic issues. While the focus will be on the economic aspects, social as well as political elements will be included. Various policy options will be developed, discussed, and analyzed. Prerequisites: ECON 235; or ECON 250, 251; or consent of instructor.

 

488 Independent Study in Economics (1-3) Concentrated study of various economics issues. Prerequisites: ECON 250 and 251, or ECON 235, consent of cooperating instructor and department chair.