2007-2009 Catalog
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Economics Banner

Introduction | B.A. in Business Administration
B.A. in Economics | Minor in Economics
Master of Business Administration | M.A. in Economics
Economics Courses
Dept Homepage


DEPARTMENT CHAIR
James Dietz

DEPARTMENT OFFICE
Steven G. Mihaylo Hall 3313

DEPARTMENT WEBSITE
http://www.business.fullerton.edu/economics

DIRECTOR, CENTER FOR ECONOMIC EDUCATION
Chiara Gratton-Lavoie

CENTER FOR ECONOMIC EDUCATION
Langsdorf Hall 530

PROGRAMS OFFERED
Bachelor of Arts in Business Administration
   Concentration in Business Economics
Bachelor of Arts in Economics
Minor in Economics
Master of Arts in Economics
Master of Business Administration
   Concentration in Business Economics


FACULTY
Naoko Akashi, Radha Bhattacharya, Victor Brajer, Nek Buzdar, Jannet Chang, Xiujian Chen, James Dietz, Vincent Dropsy, Emira Farka, Reza Fazeli, Adrian Fleissig, Andrew Gill, Chiara Gratton-Lavoie, Jane Hall, Sherif Khalifa, Emmanuel Lartey, Davina Ling, Robert Mead, Evelina Mengova, Robert Michaels, Howard Naish, Dennis Pollard, Dipankar Purkayastha, Morteza Rahmatian, Ousmane Seck, Denise Stanley, Grigor Sukiassyan, Elwin Tobing, David Wong, Feng Xiao

INTRODUCTION
A recent Wall Street Journal article titled “The Hot Major for Undergrads is Economics” stated, “In a global economy filled with uncertainty, many students see economics as the best vehicle for promising good pay and security.”

As a scholarly discipline, economics is over two centuries old. The nature of economic analysis has been described by John Maynard Keynes as “. . . a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessors to draw correct conclusions.”
Economic issues are powerful enough to shape the world. Slowly but surely, economic issues make their way to your pocketbooks. Many pressing social issues have their roots in economics. Microeconomic principles set the foundation for business. Macroeconomic policies shape the destinies of nations. Keynes put it a little more eloquently when he said, “The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else.”

Economics is a fascinating major that helps you develop analytical skills that are applicable to a wide range of jobs. Economists work in Wall Street; banking, finance and insurance, all aspects of business; multinational corporations; real estate; utility companies; non-profits; regulation, city, state and federal government agencies; international agencies like the International Monetary Fund and the World Bank; sports, health and aging; and in academia.

According to the National Association of Business Economists (NABE), “The key skills of the economic analyst compared to other business analysts is the ability to link industry/market developments to the overall economy, i.e., to see the forest as well as the trees. The broad training of economists provides a flexibility that allows them to turn their hand to a broad range of analytical problems – a critical attribute in a company experiencing a redirection of industry interests.”

Students pursuing graduate degrees in many other fields, such as the social sciences, business, public administration, public health, environmental studies, urban studies, law, and journalism find that economics is their best choice for an undergraduate major or minor, given the extensive economic content of these programs. Several studies have shown that lawyers with undergraduate degrees in business economics earn more than other lawyers. 1, 2

The Department of Economics offers both graduate and undergraduate degrees:

  • Bachelor of Arts in Business Administration, Concentration in Business Economics
  • Bachelor of Arts in Economics
  • Minor in Economics
  • Master of Arts in Economics
  • Master of Business Administration, Concentration in Economics

Advisers
The Business Advising Center, Langsdorf Hall 731, provides information on admission, curriculum and graduation requirements; registration and grading procedures; residence and
similar academic matters. In addition, all economics majors should see a faculty adviser in the Department of Economics for information on career opportunities and advanced study. Undergraduates should consult the undergraduate adviser, Dr. Radha Bhattacharya. Graduate students should consult the graduate adviser, Dr. Dipankar Purkayastha.


_______________________________

1 Black, D., S. Seth, and L. Taylor. “The Economic Reward for Studying Economics.” Economic
Inquiry, V41, n3, July 2003, 365-77
2 Craft R.K., and J.G. Baker. “Do Economists Make Better Lawyers? Undergraduate Degree
Field and Lawyer Earnings.” Journal of Economics Education, Summer 2003, 263-281.
S


Credential Information
For students interested in a teaching credential, the Department of Economics offers courses which may be included in Subject Matter Preparation Programs and Supplementary Authorization Programs for elementary and secondary teaching.

Further information on the requirements for teaching credentials is found in the Teaching Credential Programs section of this catalog and is also available from the Department Office for Elementary and Bilingual Education and the Department Office for Secondary Education. Students interested in exploring careers in teaching at the elementary or secondary school levels should contact the Office of Admission to Teacher Education, Education Classroom 182.

Awards in Economics
Economics Outstanding Graduate Student Award
Economics Outstanding Senior Award
Economics Wall Street Journal Student Award
Formuzis-Pickersgill-Hunt Student Paper Award
Murray Wolfson Memorial Scholarship
Economics Faculty Student Achievement Award
Norman Townshend-Zellner Award
Levern Graves Award
The Emeriti Faculty and Staff Award
Stewart Long Graduate Student Study Award
Stewart Long Award for Outstanding New Graduate Student
Klein Family Awards

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Econ class

BACHELOR OF ARTS IN ECONOMICS
Admission to the Economics major involves two steps. Students who apply to the major are initially classified as Pre-economics. After completing the lower-division core requirements with grades of at least “C” (2.0), students may apply to the Economics major. Pre-economics students may take lower-division business and economics courses, but most upper-division courses are not open to Pre-economics students.

The Bachelor of Arts in Economics requires a minimum of 120 units which includes courses for the major, General Education, all university requirements, and free electives. All of the following requirements must be met for the degree. Students must earn a grade of at least “C” (2.0) in each course listed below. However, a “C” (2.0) average will be acceptable in the upper-division economics electives. For assistance in interpreting these requirements, contact the Business Advising Center, Langsdorf Hall 731. Students should also contact their faculty adviser in the Economics Department prior to or during their first semester.

Required Lower-Division Courses
Accounting 201A Financial Accounting (3)
Accounting 201B Managerial Accounting (3)
   OR Math 150B Analytic Geometry and Calculus (4)
Business Admin 201 Business Writing (3)
Econ 201 Principles of Microeconomics (3)
Econ 202 Principles of Macroeconomics (3)
InfoSys/DecSci 265 Introduction to Information Systems and Applications (3)
Math 135 Business Calculus (3)
   OR Math 130 Short Course in Calculus (4)
   OR Math 150A Calculus (4)

Required Upper-Division Courses
Business Admin 301 Advanced Business Communication (3)
Econ 310 Intermediate Microeconomic Analysis (3)
Econ 320 Intermediate Macroeconomic Analysis (3)
Econ 340 Economic Research Methods (3)
InfoSys/DecSci 361A Quantitative Business Analysis: Probability & Statistics (3)


Economics Electives
15 units of upper-division economics electives (6 units of which must be 400 level)
No more than 3 units of independent study may be used to meet the 400-level electives requirement.


Other Requirements, Grades and Residence
Other Requirements. Students must complete all university requirements for the bachelor’s degree. A student who majors in economics can take a certain number of free electives toward the university requirements. The undergraduate adviser will guide the student in selecting courses which match a student’s specific interests and career goals. These courses can be in any field of the student’s interest such as (but not limited to) finance, insurance, business, public administration, urban studies, geography, statistics and mathematics. Students planning to do graduate work in economics are advised to take Math 150A,B; Econ 440 and Econ 441.

Grade-Point Average (GPA). Attain at least a 2.0 GPA (“C” average) in all university courses and in the upper-division economics electives. Earn at least a “C” (2.0) grade in each course required for the major (other than the upper-division economics electives where a “C” (2.0) average is required).

Grade Option. Take all required courses in economics, accounting and information systems/decision sciences for a letter grade (A,B,C,D,F). The credit/no credit grading option may not be used for these courses, and a grade of “CR” (credit) will not satisfy the requirements for the degree. Exception: a course in calculus may be taken under the credit/no credit grading option; however, if it is also taken to meet general education requirements, then it must be taken for a letter grade.

Residence. At least 15 units of courses must be taken in residence at the College of Business and Economics at Cal State Fullerton. Also, students must fulfill University residence requirements.

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BACHELOR OF ARTS IN BUSINESS ADMINISTRATION
See "Business Administration, Business Economics Concentration."

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MINOR IN ECONOMICS
The economics minor covers the basics in the discipline of economics and gives students the opportunity to explore personal interests through electives. Note that a course in calculus (Math 135 or equivalent) is prerequisite to Econ 310, 315 and 320. Students must earn a grade of at least “C” (2.0) in each course listed below.

Required Lower-Division Courses
Econ 201 Principles of Microeconomics (3)
Econ 202 Principles of Macroeconomics (3)
Required Upper-Division Courses
Business Admin 301 Advanced Business Communications (3)
   OR equivalent
Econ 310 Intermediate Microeconomics Analysis (3)
   OR Econ 315 Intermediate Business Microeconomics (3)
Econ 320 Intermediate Macroeconomics Analysis (3)
and 9 units of upper-division economics electives

Required Courses for Business Administration Majors
Students with a major in business administration and a concentration other than business economics who wish to minor in economics, must take Econ 201, 202, and 310 (or 315) as part of their major.

For such students, these requirements in the minor will be waived and the minor will consist of Econ 320 and nine units of upper-division economics electives.

Students with a major in business administration and a concentration in business economics may not also minor in economics.

MASTER OF BUSINESS ADMINISTRATION
See "Business Administration, MBA Specialist Plan."

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MASTER OF ARTS IN ECONOMICS
This program provides preparation for professional careers in private industry and government and provides a foundation for further graduate work at the doctoral level. Full-time and part-time students can be accommodated. Most of the courses are scheduled in the evening.

The curriculum is designed for students with an undergraduate degree in business administration or economics and consists of 10-11 courses (30-33 units). Provided that all prerequisites have been satisfied, the program may be completed in three semesters (full time) or in six semesters (part time).

The required courses progress from economic theory through economic model building and estimation to the seminar course on current research, where students are exposed to the latest research in various areas of economics. The graduate curriculum includes four to six courses (12-18 units) of electives. Students have the option of writing a thesis (the thesis track is 30 units) or taking a comprehensive exam (the comprehensive exam track is 33 units) to earn their degrees.

Most graduate courses in the College of Business and Economics require classified “CBE status” and are open only to students with classified standing in the M.A. in Economics, M.B.A., M.S. in Accountancy, M.S. in Information Systems, or M.S. in Taxation programs.

Admission
Minimum requirements for admission to the MA program are the following:

  1. A baccalaureate from an accredited institution.
  2. Good standing at the last college attended.
  3. Minimum grade point average of 2.5 in the last 60 semester units (or 90 quarter units) attempted.
  4. A GPA of at least 3.0 in the following courses or their equivalents (corresponding CSUF courses are in parenthesis): Business Calculus (Math 135), Principles of Microeconomics (Econ 201), Principles of Macroeconomics (Econ 202), Intermediate Microeconomics (Econ 310 or Econ 315), Intermediate Macroeconomics (Econ 320), Probability and Statistics (InfoSys/DecSci 361A), and one advanced undergraduate elective in economics.
  5. For international students, a score of 570 on the paper exam or 230 on the computer-based TOEFL is required.
  6. 1000 points in verbal and quantitative sections in the Graduate Record Examination (GRE).
  7. Three confidential letters of recommendation, a résumé and a Statement of Purpose from the applicant sent directly to the Graduate Adviser in Economics. Persons who have known the candidate professionally should write the letters of recommendation. There are no forms. The letters should be written with official letterheads, and the letters should discuss both the strengths and the weaknesses of the applicant. The statement of purpose should not exceed 750 words.
An applicant who does not meet one or more of the requirements above (including international students who score between 550 and 570 on TOEFL), may still be considered for admission, depending on the evaluation of the entire application file (the students must, however, have a GPA of 2.5 in the last 60 semester units at the time of admission). If admitted, an applicant with one or more deficiencies may be asked to take specified deficiency courses and exams. Students admitted with deficiencies are called “conditionally classified” students. Conditionally classified students can take a limited number of courses at the graduate level, subject to the approval of the graduate adviser of the department. Students are expected to advance promptly to classified standing. Classified students are eligible to take graduate courses for which they are qualified.

Application Deadlines
The deadlines for completing online applications are March 1st for the fall semester and October 1st for the spring semester (see http://www.csumentor.edu). Mailed applications need to be postmarked by the same deadlines. However, deadlines may be changed based upon enrollment projections. Check the university graduate studies website for current information at http://www.fullerton.edu/graduate.

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M.A. CURRICULUM
Within one semester of admission, the students are advised to prepare a study plan. A study plan reflects a selection of approved courses that have been taken or will be taken by the student to earn the graduate degree.

Students are urged to meet as soon as possible with the graduate adviser in the Department of Economics to file a study plan and advance to classified standing.

Any study plan course in which a “C minus” (1.7) or below is received must be repeated with at least a “C” (2.0) grade, regardless of the overall grade-point average of the students. A minimum 3.0 GPA is required for graduation. Students are also required to graduate in a timely manner.

Required Courses (15 units)
Econ 441 Introduction to Mathematical Economics (3)
Econ 502 Advanced Microeconomic Analysis (3)
Econ 503 Advanced Macroeconomic Analysis (3)
Econ 504 Econometric Analysis (3)
Econ 595 Current Research in Economics (3)
   OR approved 500-level substitute

Note: Econ 440, Introduction to Econometrics, is a prerequisite to Econ 504.

Area and Electives Courses (12 – 18 units)
Students may choose to focus on one of the following elective tracks:

  1. Financial and monetary economics
  2. Health, aging and labor economics
  3. Public economics, law and industrial organization
  4. International, environmental and development economics

    In addition to Econ 441, only two more 400-level courses are allowed on the Study Plan.

Terminal Evaluation (0 – 3 units)
Econ 598 Thesis Research (3)
   OR Comprehensive Examinations

These examinations are given at the end of each semester.

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ECONOMICS COURSES

Courses are designated as ECON in the class schedule.

ECON 100    The Economic Environment

Description: The application of economics to the problems of unemployment and inflation, the distribution of income, competition and monopoly, the role of government in the economy, other policy issues. Not open to pre-business, business administration majors or minors, economics majors or minors or international business majors.
Units: (3)

ECON 201    Principles of Microeconomics

Description: Principles of individual consumer and producer decision-making in various market structures, the price system, market performance and government policy.
Units: (3)

ECON 202    Principles of Macroeconomics

Description: Prerequisite: Econ 201. Principles of macroeconomic analysis and policy, unemployment and inflation, financial institutions, international trade, economic growth, comparative systems.
Units: (3)

ECON 310    Intermediate Microeconomic Analysis

Description: Prerequisites: Econ 202 and Math 135. Corequisites: Business Admin 301 and InfoSys/DecSci 361A or equivalent. Rational decision-making behavior of consumers and firms, price and output determination in markets. Primarily for economics majors, but open to all students who qualify.
Units: (3)

ECON 315    Intermediate Business Microeconomics

Description: Prerequisites: Econ 202 and Math 135. Corequisites: Business Admin 301 and InfoSys/DecSci 361A or equivalent. Analysis of business decisions in alternative market structures with special emphasis on problem solving in a business context using economic concepts and methods. Not open to economics majors. Students may not receive credit for both Economics 310 and 315.
Units: (3)

ECON 320    Intermediate Macroeconomic Analysis

Description: Prerequisites: Econ 202 and Math 135. Corequisites: Business Admin 301, InfoSys/DecSci 361A or equivalent. The determinants of the level of national income, employment and prices, and monetary and fiscal policies.
Units: (3)

ECON 330    Comparative Economic Systems

Description: Prerequisite: Econ 100 or 201. Alternative economic systems; their theoretical foundations, actual economic institutions, and achievements and failures. Contrast between socialist and capitalist systems.
Units: (3)

ECON 331    Economies in Transition

Description: Prerequisite: Econ 100 or 201. The transformation from centrally-planned to market-oriented economies in Russia and Eastern Europe. Focuses on the economic, social and political costs and benefits involved in the restructuring of economic systems.
Units: (3)

ECON 332    Economies of the Pacific Rim

Description: Prerequisite: Econ 100 or 201. Dimensions of industrialization, agriculture, investment, human resources, and trade in economies of the Far East (including Japan and China), India, and related nations of the Pacific Rim.
Units: (3)

ECON 333    Economic Development: Analysis and Case Studies

Description: Prerequisite: Econ 100 or 201.  The processes of economic growth with references to developing areas. Capital formation, resource allocation, relation to the world economy, economic planning and institutional factors, with case studies.
Units: (3)

ECON 334    Economics of Latin America and the Caribbean

Description: Prerequisite: Econ 100 or 201. Corequisite: Business Admin 301. Examines regional economic problems within an international context: dependence, industrialization and the international corporation; agriculture; regional cooperation; inflation; trade and debt problems.
Units: (3)

ECON 335    The International Economy

Description: Prerequisite: Econ 100 or 201. The theory, practice and institutions of the international economy. International trade and investment, balance of payments, foreign exchange rates, multi-national enterprise, international economic policy. Current trade issues: European Community, trade with developing countries, Eastern Europe, and the states of the former Soviet Union; General Agreement on Tariffs and Trade (GATT) and other major trade agreements.
Units: (3)

ECON 336    Economies of the Middle East

Description: Prerequisite: Econ 100 or 201. Covers economic circumstances and challenges in the Middle East. Topics include population and education, dependence on oil exports, state control of the economy, and the potential for economics growth and stability in the region.
Units: (3)

ECON 340    Economic Research Methods

Description: Prerequisites: Econ 202, InfoSys/DecSci 361A or equivalent. This course will introduce the student to the basics of applied economic research. Students will learn how to access existing economic knowledge, locate and compile economic data, and analyze economic problems using theory and quantitative methods.
Units: (3)

ECON 350    American Economic History

Description: Prerequisite: Econ 100 or 201. The development of American economic institutions; economic problems, economic growth and economic welfare.
Units: (3)

ECON 351    European Economic History

Description: Prerequisite: Econ 100 or 201. The evolution of European economic institutions and their relation to the development of industry, commerce, transportation and finance in the principal European countries.
Units: (3)

ECON 355    Economics of Gender and Work

Description: Prerequisites: Completion of General Education category III.C.1 and upper division standing. An economic analysis of demographic trends and changing gender roles and experiences in paid and unpaid work, education, earnings, and market discrimination using economic theory. International comparisons. (Same as Women’s Studies 355.)
Units: (3)

ECON 361    Urban Economics

Description: Prerequisite: Econ 100 or 201. Theory and analysis of the urban economy, urban economic problems and policy.
Units: (3)

ECON 362    Environmental Economics

Description: Prerequisite: Economics 100 or 201. Economic analysis of environmental problems and related issues: externalities, property rights, social costs and benefits, user cost, rent and decision making under uncertainty.
Units: (3)

ECON 410    Industrial Organization

Description: Prerequisites: Business Admin 301, Econ 310 or equivalent. Business organization, conduct and performance; the rationale and impact of public policy on business and business activities, including the regulated industries, sick industries and antitrust policy.
Units: (3)

ECON 411    International Trade

Description: Prerequisites: Business Admin 301, Econ 310 or 315 or equivalent. Theories of international trade. Gains from trade, effects of tariff and non-tariff barriers, and conduct of commercial policy. The balance of payments, the theories of exchange rate determination, and other international economic issues.
Units: (3)

ECON 412    Labor Economics

Description: Prerequisites: Business Admin 301, Econ 310 or equivalent. Labor supply and demand, labor force participation, employment, unemployment, human capital, wage differentials, disadvantaged labor market groups, discrimination and wage-related income transfers.
Units: (3)

ECON 413    Law and Economics

Description: Prerequisites: Business Admin 301; Econ 310 or 315. An economic analysis of the common law – property, contract, and tort – focusing on the use of microeconomic theory to study the economic efficiency characteristics and effects of these laws. An emphasis will be placed on the analysis of specific legal cases.
Units: (3)

ECON 415    Economics of Health

Description: Prerequisites: Satisfied upper-division baccalaureate writing requirement, Econ 340 or the equivalent, or consent of the instructor. Application of economic reasoning to the analyses of health-related issues, markets, practice, education, research, and policy within social and political contexts.
Units: (3)

ECON 416    Benefit Cost and Microeconomic Policy Analysis

Description: Prerequisites: Business Admin 301; Econ 310 or equivalent. Application of microeconomic models and welfare economics to public policy. Concepts of economic efficiency, economic surplus and equity. Measurement of policy effects, including benefit-cost analysis, with applications to selected policy areas such as education and environmental programs.
Units: (3)

ECON 417    Public Finance

Description: Prerequisites: Business Admin 301, Econ 310 or equivalent. Government finance at the federal, state, and local levels; the impact of taxation and spending on resource allocation, income distribution, stabilization and growth.
Units: (3)

ECON 420    Money and Banking

Description: Prerequisites: Business Admin 301, Econ 320 or equivalent. The money supply process and the impact of monetary policy on economic activity.
Units: (3)

ECON 421    Monetary and Fiscal Policy

Description: Prerequisites: Business Admin 301, Econ 320 or equivalent. The techniques of monetary and fiscal policy and their relative roles in promoting economic stability and growth.
Units: (3)

ECON 431    International Macroeconomics and Growth

Description: Prerequisites: Business Admin 301 and Econ 320. Macro-economic analysis of the open economy: the impact of stabilization policies in a global economy, the role of the balance of payments, the international monetary system and growth in less developed countries.
Units: (3)

ECON 433    The Less Developed Countries and the World Economy

Description: Prerequisites: Econ 310, 315, or 515 and Econ 320 or 521. In-depth analytical study of development and underdevelopment in the poorer countries in the context of a changing international economic order. Both the neo-classical and the political economy approaches will be discussed. Includes case studies from Asia, Africa, and Latin America.
Units: (3)

ECON 440    Introduction to Econometrics

Description: Prerequisites: Business Admin 301, Econ 340, InfoSys/DecSci 361A or equivalent. Economic measurement: specification and estimation of econometric models; statistical methods in economic research.
Units: (3)

ECON 441    Introduction to Mathematical Economics

Description: Prerequisites: Business Admin 301, Econ 202 and Math 135 or equivalent. Economic theory from microeconomics and macroeconomics. Content varies; constrained optimization problems and rational decision-making.
Units: (3)

ECON 450    History of Economic Thought

Description: Prerequisites: Business Admin 301 and Econ 310 or 320. Major schools of thought and of leading individual economists as they influenced economic thought and policy.
Units: (3)

ECON 461    Ecological Economics

Description: Prerequisites: Business Admin 301 and Econ 310 or 315 or equivalent. The application of economic concepts and methods to understanding the ways in which human economic behavior contributes to environmental and ecosystem degradation; the use of economic approaches to evaluate and manage these impacts; the design of sustainable economic policies.
Units: (3)

ECON 462    Natural Resource Economics

Description: Prerequisites: Business Admin 301 and Econ 310 or 315 or equivalent. Concepts and principles in the application of economics to issues in natural resource economics. Issues will include uncertainty and risk in investment, depletion over time, cartelization, the role of technological innovation and government intervention related to fuels, water, land, etc.
Units: (3)

ECON 495    Internship

Description: Prerequisites: Economics major with Business Admin 301, InfoSys/DecSci 361A, Econ 310 or 320 or the equivalents; or international business major with Econ 202 and 335, InfoSys/DecSci 361A or the equivalents; consent of the department internship adviser; at least junior standing; 2.5 GPA and one semester in residence at the university. Planned and supervised work experience. May be repeated for a total of six units’ credit. Credit/No Credit grading only.
Units: (1-3)

ECON 499    Independent Study

Description: Prerequisites: Economics major or concentration, Business Admin 301, Econ 310 and 320 or the equivalents, senior standing, and consent of department chair. Directed independent inquiry. May be repeated for credit. Not open to students on academic probation.
Units: (1-3)

ECON 502    Advanced Microeconomic Analysis

Description: Prerequisite: Econ 441. An advanced treatment of rational decision-making behavior of consumers and firms, the price system, and resource allocation in partial and general equilibrium settings. Topics include preference theory, welfare economics, gains from trade, monopoly power, external costs and benefits, public goods, factor markets, intertemporal decisions, risk and uncertainty.
Units: (3)

ECON 503    Advanced Macroeconomic Analysis

Description: Prerequisites: Econ 320 or equivalent and classified graduate status in Economics. The determination of employment, fluctuations of real and money income, and the forces underlying economic growth.
Units: (3)

ECON 504    Econometric Analysis

Description: Prerequisites: Econ 440 or equivalent and classified graduate status in economics. Contemporary methods used in econometric research with a focus or methods used in regression analysis, cross-section and panel data methods, and advanced topics of non-linear models, simulations and limited dependent variables.
Units: (3)

ECON 505    Economic Models and Forecasting

Description: Prerequisites: Econ 440 and classified graduate status in economics. Statistical methods of econometric estimation and forecasting. Practical solutions to problems in model specification, estimation by regression, time series analysis and forecasting.
Units: (3)

ECON 506    Economics of Aging

Description: (Same as Gerontology 506)
Units: (3)

ECON 515    Microeconomic Perspective for Managers

Description: Prerequisites: Classified CBE status and Math 135 or the equivalent. Individual economic agents – demand side consumers and supply side producers. Investigation of market structures ranging from perfect competition to monopoly. Emphasis on features of organizational architecture: the assignment of decision rights within organizations; the reward system; and the performance-evaluation system. (Not open to M.A. Economics candidates.)
Units: (3)

ECON 516    Economics and Benefit-Cost Analysis

Description: Prerequisites: Econ 201 and classified graduate status in Economics, or Environmental Studies or Public Administration. Economics and benefit-cost analysis of public projects. Consumer demand and the estimation of benefits; the nature of cost in a market economy; price controls, unemployment and inflation; and criteria for choice, for multi-year projects. For elective credit in the M.S. Environmental Studies or Master of Public Administration.
Units: (3)

ECON 521    Macroeconomic Perspective for Managers

Description: Prerequisites: Econ 310 or 515 or equivalent and classified CBE status. Managerial use of local, national and global macroeconomic trends and data to make decisions.
Units: (3)

ECON 528    Financial Economics

Description: (Same as Finance 528)
Units: (3)

ECON 531    International Economics

Description: Prerequisites: Econ 310 or 315 or 515 or equivalent and classified CBE status, and Econ 320 or 521. Analysis of theories and current issues in international trade, finance, macroeconomics and growth, with an emphasis on business applications.
Units: (3)

ECON 590    Topics in Economic Analysis and Policy

Description: Prerequisites: Econ 310 and 320 or equivalent; classified graduate status in economics. Contemporary research in areas such as: resource economics; history of economic thought; international monetary systems; forecasting; economics of planning; trade and development; human resource economics. May be repeated for credit.
Units: (3)

ECON 595    Current Research in Economics

Description: Prerequisites: classified graduate status in economics or Econ 440 and permission of the instructor. Students attend the departmental research seminars where faculty and outside speakers present papers dealing with recent and ongoing research. Students read material relevant to presentations and write analytical reports covering selected seminar meetings.
Units: (3)

ECON 598    Thesis Research

Description: Prerequisites: Econ 502, 503 and classified graduate status in economics. Corequisite: Econ 505. Selection and approval of topic; outline; methodology; literature survey; data collection and analysis; presentation of results. Award of the grade is contingent upon the completion and acceptance of the thesis.
Units: (3)

ECON 599    Independent Graduate Research

Description: Prerequisites: Econ 440, 502 and 503; classified graduate status; and consent of instructor and Department Chair (or designee). Directed advanced independent inquiry. May be repeated for credit. Not open to students on academic probation.
Units: (1-3)

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