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Economics
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Economics Undergraduate Courses

Textbook List for Undergrad Econ Courses - Fall 2013

ECON 10000 - Economics Lectures
Credit Hours: 1.00. An orientation to the undergraduate program in economics, to the library and computing facilities used by economics undergraduates, and to the advising and placement services available. Not offered every year.

ECON 21000 - Principles Of Economics
Credit Hours: 3.00. Economics is the study of decision making under conditions of scarcity. This course looks at the behavior of the individual consumer and firm and their interaction with the government. The second half of the course studies the macroeconomy and focuses on the causes of inflation, unemployment, and interest rate changes. The international economy also will be studied. No credit for management students. Typically offered Fall Spring Summer.

ECON 21100 - Contemporary Economic Problems
Credit Hours: 3.00. The course assists students in analyzing current economic issues such as inflation, and unemployment, the energy crisis, environmental protection, poverty, and income distribution, urban blight, health care, and education. All students are required to give presentations and prepare papers on one of these topics. Not offered every year.

ECON 21700 - Economics
Credit Hours: 3.00. National economic problems such as unemployment, recessions, inflation, taxation, bank interest rates, the growth of government, monetary systems, and a rising national debt are discussed along with the principles, policies and institutions for solving these macroeconomic problems. Not offered every year.

ECON 21900 - Economics For Future Elementary Teachers
Credit Hours: 3.00. A principles of economics course designed for future elementary and social studies teachers. The purpose of this course is to: 1) introduce the future teacher to basic economic concepts required by the Indiana Academic Standards for Social Studies, K-6, 2) learn methods for teaching these concepts in the K-6 curriculum, and 3) develop a catalog of curriculum materials appropriate for teaching economics in grades K-6. No credit for management students. Typically offered Fall, Spring.

ECON 21910 - Economics For Future Secondary Teachers
Credit Hours: 3.00. Upon completion of this course students will be able to analyze economic events in order to make more intelligent choices as consumers, workers, and voting citizens; identify and understand the basic concepts and principles of economics in order to meet standards at the secondary school level; identify supplemental materials and programs from variety of sources used in your teaching major, minor, or as supplements in your classrooms; and review and organize lessons that teach economic concepts. No credit for management students. The course content is principles-level economics and is designed for social studies education students who are beginning their sequence of required economics courses. The course is designed to be taken before upper-division economic content courses. Typically offered Fall Spring.

ECON 25100 - Microeconomics
Credit Hours: 3.00. Microeconomics studies the choices individuals make and the incentives that influence those choices. Emphasis is on the incentives that determine market prices and resource allocation. The role of public policy in influencing incentives and efficiency is also addressed. Typically offered Fall Spring Summer.

ECON 25200 - Macroeconomics
Credit Hours: 3.00. Introduction to macroeconomic theory. The course develops a theoretical framework permitting an analysis of the forces affecting national income, employment, interest rates, and the rate of inflation. Emphasis is placed upon the role of government fiscal and monetary policy in promoting economic growth and stable prices. Typically offered Fall Spring Summer.

ECON 28000 - Mathematics For Economists
Credit Hours: 3.00. The course is designed to provide familiarity with some of the basic mathematical tools used extensively in economics. Topics to be covered include constrained optimization and comparative statistics along with economic applications. Not offered every year.

ECON 29000 - Sophomore Level Problems In Economics
Credit Hours: 1.00 to 4.00. Arrange with instructor before enrolling. Investigation in a specific economics field. Typically offered Summer Fall Spring.

ECON 34000 - Intermediate Microeconomic Theory
Credit Hours: 3.00. Topics from consumer behavior and demand, decisions under uncertainty, production and cost, factor demand, market structure, general equilibrium and welfare. Emphasis on the tools used to analyze the behavior of individual economic units. Typically offered Fall Spring.

ECON 35200 - Intermediate Macroeconomics
Credit Hours: 3.00. Continuation of ECON 25200. A more rigorous, general equilibrium treatment of macroeconomic theory with emphasis on the components of the model: determinants of consumption, investment, net exports and foreign exchange rates, the level of unemployment, inflation and the long-run rate of economic growth. Typically offered Fall Spring.

ECON 35500 - Comparative Analysis Of Economic Systems
Credit Hours: 3.00. This course describes the general economic problem and how it is solved by alternative forms of economic organization. Market, centrally planned, social democratic, and mercantilist systems are contrasted in terms of their assignment of property rights, their mechanisms for transmitting information, their incentive structure, and the degree to which they meet efficiency and equity criteria. Worldwide contemporary trends are analyzed. Not offered every year.

ECON 36000 - Econometrics
Credit Hours: 3.00. This course examines the statistical techniques used to analyze economic data, estimate causal effects, make predictions, and test economic theory. Students learn empirical skills used in analytical consulting, financial modeling, economic research, and by analysts in the private and public sectors. Emphasis is placed on estimating a single equation (e.g., a demand function) and the problems associated with such estimation. As part of the course, students will estimate equations using statistical software available in the Krannert computer labs. Typically offered Fall.

ECON 36100 - Antitrust And Regulation
Credit Hours: 3.00. The course studies the influence of laws and regulations on the behavior of firms, focusing on two types of government intervention in the market: antitrust law and economic regulation. Antitrust laws define the rules by which firms must compete. Economic regulation more tightly constrains the actions of firms, requiring that they obtain approval to set prices and/or enter new markets. The focus is on current topics in both areas, including comparison of U.S. practice with that of the European Union and elsewhere. Typically offered Fall Spring.

ECON 365 - History of Economic Thought
Credit Hours: 3.00. The course traces the development of theories of value and economic growth from the seventeenth century to Karl Marx. Among the authors studied are the mercantilists, Hume, Smith, Ricardo, and Marx. Excerpts from the original works are read and evaluated in light of modern theory. Not offered every year.

ECON 36800 - Economics and Values
Credit Hours: 3.00. Explores some specific critiques of stereotypical neoclassical economics; utilizes notions of knowledge, learning, rationality, logic, science, and scholarship that tend to complement those found in many conventional economics courses; raises questions about the roles of values in both individual decision-making and in economic thinking, as well as about the interrelation of economic concepts and issues of ethics, justice, and care at both the individual and the social level; embodies interactive, reflective learning. Not offered every year.

ECON 37000 - International Trade
Credit Hours: 3.00. Develops an understanding of the economics of globalization, including the movement of goods, people, capital, and ideas across countries. Using the tools of intermediate economic theory, we discuss the benefits and costs of globalization, the implications of globalization for wages, earnings and national welfare, and their intersection with government policies. Typically offered Fall Spring.

ECON 37100 - International Monetary Problems
Credit Hours: 3.00. A mixture of lectures and case discussions covering historical changes in the world's monetary system, problems with balance of payments adjustments, exchange rates and foreign exchange markets, international capital markets and financial flows, the international transmission of business fluctuations, monetary and fiscal policy in an interdependent world, and crises in developing countries. Not offered every year.

ECON 37500 - United States Economic History
Credit Hours: 3.00. Application of economic analysis to illuminate such historical questions as the economic effects of British colonial administration, the rise of banking institutions, the financing of the railroads, the economics of slavery, the rise of big business, and the sources of government regulation of business. Not offered every year.

ECON 38000 - Money And Banking
Credit Hours: 3.00. The course analyzes the economics of money, monetary systems, investments, and financial intermediaries in modern industrial economies. Topics considered include the origin of money and the banking industry, financial asset markets, the role of central banks, and the effects of various monetary policies. The theory will be presented side by side with current economic and financial news, and the students will learn how to track financial and economic data via The Wall Street Journal. Typically offered Fall Spring.

ECON 38500 - Labor Economics
Credit Hours: 3.00. The purpose of this course is to introduce important topics, theories, institutions, and policy issues relating to the functioning of labor markets. Topics to be considered include labor supply decisions, investments in human capital, compensating wage differentials, labor contract theory, unions, compensation programs, signaling in labor markets, the economics of unemployment, and government employment, retirement, and workplace safety. Typically offered Fall Spring.

ECON 39000 - Junior Level Problems In Economics
Credit Hours: 1.00 to 4.00. Investigation into a specific topic area of economics. Permission of instructor required. Typically offered Fall Spring Summer.

ECON 41500 - Contemporary Economic Problems And Policies
Credit Hours: 3.00. An application of the principles of economics developed in ECON 25100 and 25200 to contemporary controversies in public policy. Half of the semester is devoted to microeconomics issues and half to controversies in macroeconomics policy. Not offered every year.

ECON 41900 - Managerial Economics
Credit Hours: 3.00. The application of economic analysis and common nonmathematical models to managerial decisions. Topics include decisions involving time and uncertainty in both competitive and noncompetitive markets. Pricing decisions are emphasized. Typically offered Fall Spring.

ECON 42200 - Public Finance And Taxation
Credit Hours: 3.00. This course examines the role of government in market economies. The aim of the course is to provide an understanding of the reasons for government intervention in the economy and how individuals and firms respond to taxation and other government actions. For example, what effects do taxes have on incentives to work, save, and invest? Emphasis is placed on current U.S. policy issues including Social Security, health care, education, environmental regulation, welfare programs, and tax reform. Typically offered Spring Fall.

ECON 45100 - Game Theory
Credit Hours: 3.00. In the course, economic, political, and social interactions are represented as games, in which strategies and resulting outcomes can be analyzed. The analysis of these interactions is then used to demonstrate how one can make optimal decisions under uncertainty. Typically offered Fall Spring.

ECON 45600 - Urban Economics
Credit Hours: 3.00. Examines the market forces that lead to the development, growth, and size of cities. In addition, this course covers the theory of location and land use, principles of local public finance, policy problems in the areas of urban housing, transportation, crime, and pollution. Not offered every year.

ECON 46000 - Econometrics
Credit Hours: 3.00. This course examines the statistical techniques used in testing economic theory. Emphasis is placed on estimating a single equation (e.g., a demand function) and the problems associated with such estimation. As part of the course, students will estimate equations on the University's computational facility. Not offered every year.

ECON 46100 - Industrial Organization
Credit Hours: 3.00. This course examines the determinants of firm and market structure and the resulting market performance in imperfectly-competitive markets. Advanced topics include advertising, research and development, imperfectly competitive international markets, and market integration. Emphasis is placed on using theoretical models of firm and industry behavior to explain and analyze real-world examples of firm behavior. Typically offered Fall.

ECON 46600 - International Economics
Credit Hours: 3.00. Analyzes topics in international economics, using more advantage techniques and more detailed treatment than in ECON 370 or 371. While coverage varies somewhat with instructor, some topics could include: economic growth, innovation and technology transfer, and the role of multinational corporations. Typically offered Fall Spring.

ECON 47000 - Transportation Economics
Credit Hours: 3.00. Building upon basic economic principles, this course introduces the student to mainstream areas in transportation economics including market demand and supply, market structure, transportation investment, marginal cost pricing, cost-benefit analysis, land use and transportation, transportation safety, and government intervention. Blending theory with application, the course takes a case study approach in drawing upon a wealth of empirical work on highways, railroads, motor carriers, airlines, and water carriage. Not offered every year.

ECON 47100 - Behavioral Economics
Credit Hours: 3.00. Students learn about human behavior in economic environments, with a strong emphasis on classroom laboratory exercises. Topics considered include behavior in a variety of markets - for example, markets with price controls, markets for financial assets and auction markets -- and behavior in social dilemmas that arise when people try to provide public goods voluntarily or when sellers try to conspire to fix prices. Students will also learn how people bargain with, trust each other, and show social preferences towards others. Decision-making and anomalies for risky and uncertain choices will also be covered. Typically offered Fall, Spring.

ECON 49000 - Problems In Economics
Credit Hours: 1.00 to 4.00. Arrange with instructor before enrolling. Supervised reading and reports in various subjects. Open only to a limited number of seniors with superior records in previous courses. Permission of instructor required. Typically offered Fall Spring Summer.

ECON 49900 - Senior Honors Thesis
Credit Hours: 3.00. Execution by economics honors students of a senior honors thesis under the direction and supervision of the faculty. In addition to a paper, completion of the research project may involve the presentation of the findings in a seminar or workshop setting. Typically offered Spring.

ECON 51100 - Intermediate Economics I
Credit Hours: 3.00. Consumer behavior and demand, production and cost, factor demand, market structure, general equilibrium and welfare. Emphasis on the tools used to analyze the behavior of individual economic units. Permission of department required. Not open to students with credit in ECON 34000. Typically offered Fall Summer.

ECON 51200 - Intermediate Economics II
Credit Hours: 3.00. Course content includes money and banking, national income and aggregative economics; the analysis of the determination of national income, employment, the price level, and the balance of payments. Consideration of both theory and economic policy. Permission of department required. Not open to students with credit in ECON 35200. Typically offered Spring.

ECON 53400 - International Trade Theory
Credit Hours: 3.00. Problems of the international economy addressed in the light of economic theory. Emphasis is on real, as opposed to monetary, topics. Topics may include trade barriers, multinational corporations, technology transfer, the European economic community, economic constraints on the sovereignty of nation-states. Typically offered Fall.

ECON 56200 - Econometrics I
Credit Hours: 3.00. This course in econometrics covers the tools that will enable students to conduct empirical analysis using economics data. The course examines the statistical techniques used in testing economic theories, estimating casual effects, and making predictions. Emphasis is placed on estimating a single equation (e.g., a demand function) and the problems associated with such estimation. As part of the course, students will estimate equations using STATA, a statistical software package. Permission of department required. Not open to students with credit in ECON 36000. This course can serve as a replacement for ECON 360. Typically offered in the Fall.