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Economics Course Descriptions


ECON100   The Economic Environment ( 3 units)
Prerequisite:  None

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.



ECON201   Principles of Microeconomics ( 3 units)
Prerequisite:  None

Principles of individual consumer and producer decision-making in various market structures, the price system, market performance and government policy.


ECON202   Principles of Macroeconomics ( 3 units)
Prerequisite:  ECON 201.

Principles of macroeconomic analysis and policy, unemployment and inflation, financial institutions, international trade, economic growth, comparative systems. One or more sections offered online.



ECON310   Intermediate Microeconomic Analysis ( 3 units)
Prerequisite:  ECON 202, MATH 135. Corequisites: BUAD 301, ISDS 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.


ECON315   Intermediate Business Microeconomics ( 3 units)
Prerequisite:  ECON 202, MATH 135. Corequisites: BUAD 301, ISDS 361A or equivalent.

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 ECON 310 and 315. One or more sections offered online.


ECON320   Intermediate Macroeconomic Analysis ( 3 units)
Prerequisite:  ECON 202, MATH 135. Corequisites: BUAD 301, ISDS 361A or equivalent.

Determinants of the level of national income, employment and prices, and monetary and fiscal policies.


ECON330   Comparative Economic Systems ( 3 units)
Prerequisite:  ECON 100 or 201.

Alternative economic systems; their theoretical foundations, actual economic institutions, and achievements and failures. Contrast between socialist and capitalist systems.


ECON332   Economies of the Pacific Rim ( 3 units)
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.


ECON333   Economic Development: Analysis and Case Studies ( 3 units)
Prerequisite:  ECON 100 or 201.

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. One or more sections offered online.


ECON334   Economics of Latin America and the Caribbean ( 3 units)
Prerequisite:  ECON 100 or 201. Corequisite: BUAD 301.

Regional economic problems within an international context: dependence, industrialization and the international corporation; agriculture; regional cooperation; inflation; trade and debt problems.


ECON335   The International Economy ( 3 units)
Prerequisite:  ECON 100 or 201.

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.


ECON336   Economies of the Middle East ( 3 units)
Prerequisite:  ECON 100 or 201.

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 economic growth and stability in the region.


ECON340   Economic Research Methods ( 3 units)
Prerequisite:  ECON 202, ISDS 361A or equivalent.

Basics of applied economic research. How to access existing economic knowledge, locate and compile economic data, and analyze economic problems using theory and quantitative methods.


ECON350   American Economic History ( 3 units)
Prerequisite:  ECON 100 or 201.

Development of American economic institutions; economic problems, economic growth and economic welfare.


ECON351   European Economic History ( 3 units)
Prerequisite:  ECON 201.

Evolution of European economic institutions and development of industry, commerce and finance, from the fall of the Roman Empire to the Industrial Revolution. Traces historical path that culminated in European economic hegemony.


ECON355   Economics of Gender and Work ( 3 units)
Prerequisite:  Completion of General Education Category D.1 and junior or senior standing.

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 WMST 355.)


ECON361   Urban Economics ( 3 units)
Prerequisite:  ECON 100 or 201.

Theory and analysis of the urban economy, urban economic problems and policy.


ECON362   Environmental Economics ( 3 units)
Prerequisite:  ECON 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.



ECON410   Industrial Organization ( 3 units)
Prerequisite:  BUAD 301, ECON 310 or equivalent.

Business organization, conduct and performance; rationale and impact of public policy on business and business activities, including the regulated industries, sick industries and antitrust policy.


ECON411   International Trade ( 3 units)
Prerequisite:  BUAD 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. Balance of payments, theories of exchange rate determination and other international economic issues.


ECON412   Labor Economics ( 3 units)
Prerequisite:  BUAD 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.


ECON413   Law and Economics ( 3 units)
Prerequisite:  BUAD 301; ECON 310 or 315.

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. Analysis of specific legal cases.


ECON415   Economics of Health ( 3 units)
Prerequisite:  ECON 340 or equivalent.

Application of economic reasoning to the analyses of health-related issues, markets, practice, education, research, and policy within social and political contexts.


ECON416   Benefit Cost and Microeconomic Policy Analysis ( 3 units)
Prerequisite:  BUAD 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.


ECON417   Public Finance ( 3 units)
Prerequisite:  BUAD 301; ECON 310 or equivalent.

Government finance at the federal, state and local levels; impact of taxation and spending on resource allocation, income distribution, stabilization and growth.


ECON418   Behavioral Economics ( 3 units)
Prerequisite:  ECON 310 or 315

Integrates insights from psychology into economic models. Review evidence of violations of standard economic assumptions, learn theories that can explain those violations and apply them to real-world examples.


ECON420   Money And Banking ( 3 units)
Prerequisite:  BUAD 301; ECON 320 or equivalent.

Money supply process and impact of monetary policy on economic activity.


ECON421   Monetary and Fiscal Policy ( 3 units)
Prerequisite:  BUAD 301; ECON 320 or equivalent.

Techniques of monetary and fiscal policy and their relative roles in promoting economic stability and growth.


ECON431   International Macroeconomics and Growth ( 3 units)
Prerequisite:  BUAD 301 and ECON 320.

Macro-economic analysis of the open economy: impact of stabilization policies in a global economy, role of the balance of payments, international monetary system and growth in less developed countries.


ECON433   The Less Developed Countries and the World Economy ( 3 units)
Prerequisite:  ECON 310, 315 or 515, and ECON 320 or 521.

Development and underdevelopment in the poorer countries in the context of a changing international economic order. Neo-classical and political economy approaches. Includes case studies from Asia, Africa and Latin America.


ECON440   Introduction to Econometrics ( 3 units)
Prerequisite:  BUAD 301, ECON 340, ISDS 361A or equivalent.

Economic measurement: specification and estimation of econometric models; statistical methods in economic research.


ECON441   Introduction to Mathematical Economics ( 3 units)
Prerequisite:  BUAD 301, ECON 202 and MATH 135 or equivalent.

Economic theory from microeconomics and macro-economics. Content varies; constrained optimization problems and rational decision-making.


ECON450   History of Economic Thought ( 3 units)
Prerequisite:  BUAD 301; ECON 310 or 320.

Major schools of thought and of leading individual economists as they influenced economic thought and policy.


ECON461   Ecological Economics ( 3 units)
Prerequisite:  BUAD 301 and ECON 310 or 315 or equivalent.

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.


ECON462   Natural Resource Economics ( 3 units)
Prerequisite:  BUAD 301 and ECON 310 or 315 or equivalent.

Concepts and principles in the application of economics to issues in natural resource economics. Issues include uncertainty and risk in investment, depletion over time, cartelization, the role of technological innovation and government intervention related to fuels, water, land, etc.


ECON490   Economics Capstone ( 3 units)
Prerequisite:  ECON 310, 320, 340.

Capstone experience for Economics majors. Students demonstrate facility with economic theory and quantitative methods by presenting teaching topics, summarizing news reports and scholarly journal articles, writing policy briefs on selected economic topics and replicating empirical findings from economics literature.


ECON495   Internship ( 3 units)
Prerequisite:  Economics major, BUAD 301, ISDS 361A, ECON 310 or 320; international business major, ECON 202 and 335, ISDS 361A; 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 of credit. Credit/No Credit grading only.


ECON499   Independent Study ( 3 units)
Prerequisite:  Economics major or concentration, BUAD 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.



ECON502   Advanced Microeconomic Analysis ( 3 units)
Prerequisite:  ECON 441.

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.


ECON503   Advanced Macroeconomic Analysis ( 3 units)
Prerequisite:  ECON 320 or equivalent and classified graduate status in Economics.

Determination of employment, fluctuations of real and money income, and the forces underlying economic growth.


ECON504   Econometric Analysis ( 3 units)
Prerequisite:  ECON 440 or equivalent and classified graduate status in economics.

Contemporary methods for analyzing microeconomic data, focusing on instrumental variables estimation, probit, logit and tobit models, models of sample selection and panel data methods.


ECON505   Economic Models and Forecasting ( 3 units)
Prerequisite:  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.


ECON506   Economics of Aging ( 3 units)
Prerequisite:  GERO 501 or ECON 340.

Economic consequences of population aging and the economic status of the aged. Income adequacy in old age: dependency, work income, retirement planning, social security, employer-sponsored pensions and financing health care. Economic security today and tomorrow. International comparisons. (Same as GERO 506)


ECON515   Microeconomic Perspective for Managers ( 3 units)
Prerequisite:  Classified MCBE status and MATH 135 or the equivalent.

Individual economic agents – demand side consumers and supply side producers. Market structures ranging from perfect competition to monopoly. 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.)


ECON516   Economics and Benefit-Cost Analysis ( 3 units)
Prerequisite:  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.


ECON521   Macroeconomic Perspective for Managers ( 3 units)
Prerequisite:  ECON 310 or 515 or equivalent and classified MCBE status.

Managerial use of local, national and global macroeconomic trends and data to make decisions. Impact that changes in taxes, government spending and Federal Reserve Bank monetary policy have on business, real estate and financial markets. (Not open to M.A. Economics candidates or students with credit for ECON 320.)


ECON528   Financial Economics ( 3 units)
Prerequisite:  FIN 517.

Valuation or corporate liabilities and other securities. Economic decision-making under uncertainty and asset pricing theories are analyzed rigorously. Other topics may include optimal capital structure, the market for corporate control, or macroeconomic aspects of finance. (Same as FIN 528)


ECON531   International Economics ( 3 units)
Prerequisite:  ECON 310, 315, 515 or equivalent, and classified MCBE status, and ECON 320 or 521.

Theories and current issues in international trade, finance, macroeconomics and growth, with an emphasis on business applications.


ECON590   Topics in Economic Analysis and Policy ( 3 units)
Prerequisite:  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.


ECON595   Current Research in Economics ( 3 units)
Prerequisite:  ECON 502, 503; 504 or 505.

Students read, present and replicate scholarly research published in peer-reviewed journals covering a variety of topics in economics. They receive guidance as to research methodology, composition of a research paper and professional presentation. Attendance at departmental research seminars required.


ECON598   Thesis Research ( 3 units)
Prerequisite:  ECON 502, 503, 504 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.


ECON599   Independent Grad Research ( 3 units)
Prerequisite:  ECON 440, 502, 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.


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