Course Offering(s)

Economics    106

3 (crs.)

General Economics (SS)(XS)

Analysis of some of the major current issues in the American economy undertaken after a historical survey of the emergence of modern economic institutions. Not open to students with either Economics 206, 207, 208 or 209.

 

 

Economics    110

3 (crs.)

Economics in Wisconsin (SS)(XS)

This course introduces students to the fundamental concepts in both micro and macroeconomics. Students then apply those concepts to explain economic current events and policies affecting Wisconsinites and the state of Wisconsin and discuss logical ideas for improving economic well-being.

 

 

Economics    204

3 (crs.)

Principles of Macroeconomics (SS)(XS)

Economic role of the government sector; government expenditures and taxation; national income analysis; economic fluctuations; money and banking; economic growth; international economics. Prerequisite: Concurrent enrollment in (or completion of) Math 104, 106, 108, or 204, or qualified to enroll in Math 171 via UW Placement Exam. Not open to students who have completed Economics 319-499.

 

 

Economics    206

3 (crs.)

Principles of Microeconomics (SS)(XS)

Features of the American economy; demand, supply and the price system; consumer theory, theory of the firm, market structure; distribution of income; environmental and energy problems; comparative economic systems. Prerequisites: Concurrent enrollment in (or completion of) Math 104, 106, 108, or 204, or qualified to enroll in Math 171 via UW Placement Exam. Not open to students who have completed Economics 319-499.

 

 

Economics    208

3 (crs.)

Honors: Principles of Microeconomics (SS)(XS)

Study of the system of production and distribution of goods and services in the American Economy. Topics include analysis of the operation of markets, consumer theory, production decisions, market structure, and the distribution of income. Emphasis is on study of economic policy and institutions. Prerequisite: Enrolled in good standing with The Honors College; prior or concurrent enrollment in Honors 175. Also concurrent enrollment in (or completion of) Math 104, 106, 108, or 204, or qualified to enroll in Math 171 via UW Placement Exam. Not open to students who have completed Economics 319-499.

 

 

Economics    209

3 (crs.)

Honors: Principles of Macroeconomics  (SS)(XS)

Analysis of the factors that influence the level of employment, the rate of inflation, and the rate of growth of Gross Domestic Product. Topics include aggregate demand, aggregate supply, economic fluctuations, the role of money, fiscal and monetary policy, international trade, and productivity. Prerequisite: Enrolled in good standing with The Honors College; prior to concurrent enrollment in Honors 175. Also concurrent enrollment in (or completion of) Math 104, 106, 108, or 204, or qualified to enroll in Math 171 via UW Placement Exam. Not open to students who have completed Economics 319-499.

 

 

Economics    210

3 (crs.)

Economic and Business Statistics (XM)(MA)

Descriptive methods; probability and inference; regression and correlation. Prerequisite: Mathematics 204 or 206 or 171 with a grade of C or better, or qualification for enrollment in Mathematics 171 via Math Placement exam. Not open to students who have completed Economics 472 or 473. Enrollment may be restricted to Economics and Business/Pre-Business majors.

 

 

Economics    307

3 (crs.)

Discrimination, Gender, and the Economy

Analysis of the experiences of women and ethnic minorities in the economy, extending the traditional interpretations of economic issues to the unique experiences of these groups. Economic tools will be developed, and then applied to such topics as Comparable Worth, Wage Determination, Occupational Choice and Segregation, Poverty, and the Criminal Justice System. Cross-listed: Economics 307/Women's and Gender Studies/Social Justice 307. Students may receive credit for only one of the three cross-listed courses. Prerequisites: Economics 106, 204, 206, 208 or 209. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300 and 400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    312

3 (crs.)

History of Economic Thought (SS)

Development of economic ideas from early mercantilistic thought through the twentieth century.  Prerequisites: Economics 106 or 204 or 206 or 208 or 209 with a grade of C or better. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    319

3 (crs.)

Economics of Less Developed Countries (NW) (GS)

Economic and institutional conditions of less developed countries; ideas and performance records of promoting socio-economic development. Prerequisites: Economics 204 or 209 and Economics 206 or 208, with a grade of C or better in both courses. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300 and 400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    320

3 (crs.)

Economics of the Caribbean through Service Learning (GS)

This course introduces the student to the social and economic characteristics of the Caribbean. In addition to lectures on the UWO campus, students will be actively involved in a community service project in a Caribbean country that addresses the development needs of this region. Prerequisites: Econ 106, 204, 206, 208, or 209.

 

 

Economics    329

3 (crs.)

Intermediate Microeconomic Theory (SS)

Theory of demand; pricing and output; allocation of resources; income distribution. Prerequisite: Mathematics 171 or both Mathematics 204 and 206, and a grade of C or better in Economics 204 or 209 and Economics 206 or 208. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    331

3 (crs.)

Intermediate Macroeconomic Theory (SS)

Fundamentals of national income and product accounting; theory of the determination of income, output, employment, interest rate and price level; survey of economic growth models; application of fiscal and monetary policy. Prerequisites: Mathematics 171 or Mathematics 204 and 206, and a grade of C or better in Economics 204 or 209 and Economics 206 or 208. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    336

3 (crs.)

Comparative Economic Systems (SS)

An evaluation of existing and experimental economic systems in Europe, United States of America, transition economics, China and the Third World for their potential to meet anticipated future economic problems.  Prerequisites: Economics 206 or 208 and Economics 204 or 209 with a grade of C or better. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    339

3 (crs.)

Urban and Regional Economics and Policy (SS)

Location theory of economic activities; economics of urban sites and regions; analysis of urban-regional problems and policies. Prerequisites: Economics 204 or 209 and Economics 206 or 208, with a grade of C or better in both courses. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5. 339/539

 

 

Economics    340

3 (crs.)

Economics of Sports (SS)

The purpose of this class is to familiarize students with basic economic concepts as they pertain to the economics of sports.  Students will explore selected aspects of the sports business and be able to evaluate analytical arguments based on economic models as they pertain to sports issues.  An emphasis will be placed on such topics as demand, cost, franchising, stadium attendance/finance, and labor markets.  Prerequisites: Economics 204 or 209 and Economics 206 or 208, with a grade of C or better both courses. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    360

3 (crs.)

Environmental Economics and Policy (SS)

A study of environmental problems and their causes in a free market context. Economic policy alternatives are evaluated for solving pollution and other environmental problems. Prerequisites: Economics 206 or 208, with a grade of C or better. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    363

3 (crs.)

Growth and Development of the U.S. Economy (SS)

Development of the United States economy, from its English origins to present time. Prerequisite: Economics 204 or 209 and Economics 206 or 208, with a grade of C or better in both courses. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    368

3 (crs.)

Health Care Economics (SS)

A study of the economic structure of the health care industry and health care problems in the United States. Emphasis on the delivery and pricing of health care as well as alternative public policies dealing with cost and distribution problems. Prerequisites: Economics 204 or 209 and Economics 206 or 208, with a grade of C or better in both courses. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5. 368/568

 

 

Economics    386

3 (crs.)

Economics of Latin America (SS)

This course analyzes the economic issues surrounding the economic policies and economic development of Latin American countries.  We will examine the persistent barriers to economic development in Latin America, as well as the occasional success stories.  Economic principles will be used to understand the root balance of payments difficulties, exchange rate and debt crises, hyperinflation, dollarization, and geographical and income inequalities throughout the region.  Also, the course will evaluate Latin American development policies ranging from the import-substituting industrialization policies of the 1950's to 1970's to the market-oriented reforms of the 1980's to the present.  Aid policies and international monetary institution advice and plans will be examined.  Prerequisites:  Economics 206 or 208 and Economics 204 or 209 with a grade of C or better. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    387

3 (crs.)

Economic & Social Development of Great Britain

This course analyzes the economic issues surrounding the economic and social development of Great Britain, focusing mainly on the areas England and Scotland.  We will examine the historic perspectives of development and how those processes still affect current day economic life in the region. Our analysis will intertwine the history of both the social and economic, using economic principles to understand the current standard of living.  We will begin our study with the ancient peoples of the area, from earliest times through the Roman occupation, the middle ages, the industrial revolution, and onward to the modern day. Prerequisites: Economics 106 or 204 or 206 or 208 or 209 with a grade of C or better. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    388

3 (crs.)

Economics of European Integration & Growth

This course covers the evolution of modern economic growth and development in Europe, emphasizing institutional change.  Topics will be chosen to illustrate how theoretical frameworks are essential for understanding and evaluating both the past and the past's connections to the present and future.  Prerequisites:  Economics 206 or 208 and Economics 204 or 209 with a grade of C or better. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    390

3 (crs.)

Transportation Economics (SS)

Analysis of organizational structures, operational characteristics, and managerial policies of railroads, motor carriers, domestic barge lines, airlines, and pipe lines. Emphasis on rates, services and public regulation. Prerequisites: Economics 204 or 209 and Economics 206 or 208, with a grade of C or better in both courses. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    399

3 (crs.)

Special Topics in Economics (SS)

The study of a current topic of Economic interest, not normally covered in our curriculum. Course details will be available in the department office.

 

 

Economics    403

3 (crs.)

Public Sector Economics (SS)

Economics of federal, state and local governments; analysis of the effects of expenditures, taxes and subsidies; intergovernmental fiscal relations; efficiency and decision making in the public sector.  Prerequisites: Economics 204 or 209 and Economics 206 or 208, with a grade of C or better in both courses. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5. 403/603

 

 

Economics    405

3 (crs.)

Money and Banking (SS)

Monetary systems and monetary policy; emphasis on the American banking system and the Federal Reserve System.  Prerequisites: Economics 204 or 209 and Economics 206 or 208, with a grade of C or better in both courses. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & Minors. All other students can take up to 21 credits of 300/400 level College of Business dept courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    410

3 (crs.)

International Capital Markets (SS)

This course analyzes the economic issues and impacts of capital movements among nations.  These issues include: open macroeconomic theory and policy, capital account imbalances, financial crises, exchange rate volatility, foreign direct investment, capital controls, monetary standards, emerging country impacts of capital mobility, monetary unions, and international regulatory regimes.  Prerequisites:  Economics 204 or 209 and Economics 206 or 208, with a grade of C or better in both courses. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    420

3 (crs.)

International Trade (SS) (GS)

Analysis of international trade, including the theory of free trade, the impact of trade barriers, and international trade organizations. Analysis of the international finance system, including the balance of payments, exchange markets, and exchange rate determination. Prerequisites: Economics 206 or 208 and Economics 204 or 209 with a grade of C or better. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    421

3 (crs.)

Honors: International Trade and Finance (SS)

Analysis of international trade, including the theory of free trade, the impact of trade barriers, and international organizations.  Analysis of international finance system, including the balance of payments, exchange markets, and macroeconomic policy in an open economy. Prerequisites: Economics 204 or 209 and Economics 206 or 208 with a grade of C or better. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5. In addition, students are expected to be familiar with high school algebra and geometry because graphical analysis is very important in presenting and understanding the subject matter involved.

 

 

Economics    431

3 (crs.)

Labor Economics (SS)

Analysis of the economy's labor resource. Major topics include labor markets, workforce programs, economic security arrangements, the labor movement, and collective bargaining. Prerequisites: Economics 204 or 209 and Economics 206 or 208, with a grade of C or better in both courses. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    433

3 (crs.)

Managerial Economics (SS)

This course draws heavily on marginal economic analysis, quantitative optimization techniques, and statistical procedures to help management achieve established objectives. Management objectives are studied in a framework of short run profit maximization as well as in a long run framework. This long run theory of behavior encompasses a time dimension where the primary goal of a manager becomes wealth maximization rather than short run profit maximization.  Finally, an important element in the class is the relationship between the firm and society. Managerial Economics clarifies the role firms play in society and identifies means of increasing their benefits to society.  Prerequisites: Economics 204 or 209 and Economics 206 or 208; and Economics 210 or Math 301 with a grade of C or better in each class. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    437

1.5 (crs.)

Applied Monetary Policy and Practice

Students will learn how to forecast macroeconomic conditions. In doing so, students will examine how consumer and business practices affect, and are in turn affected by, the current conditions and outlook for the U.S. economy. Basic statistical skills necessary to forecast macroeconomic conditions will be taught. Students will analyze how the government's monetary policy practices and government decision-making is based on such macroeconomic forecasts. As a team, the students will present a recommended macroeconomic policy to a board of economists at the Chicago Federal Reserve Bank. Prerequisites: Economics 204 or 209 and Economics 206 or 208; and Economics 305 or 331 and Economics 210 or Math 301 with a grade of C or better in each class Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5 or instructor consent.

 

 

Economics    446

0 - 3 (crs.)

Independent Study (SS)

See Independent Study under Course and Academic Advisement Policies information for general course description, general prerequisites, and proper contract form requirements. Prerequisites: Economics 204 or 209 and Economics 206 or 208 with a grade of C or better, Business majors; All Econ majors, who have been admitted to the COB. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5 and consent of department chair.

 

 

Economics    456

1 - 3 (crs.)

Related Readings (SS)

See Related Readings under Course and Academic Advisement Policies information for general course description, general prerequisites, and proper contract form requirements. Prerequisites: Economics 204 or 209 and Economics 206 or 208 with a grade of C or better Business majors; All Econ majors, who have been admitted to the COB. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5 and consent of department chair.

 

 

Economics    459

3 (crs.)

Behavioral Economics (SS)

This course reviews recent findings in the fields of economics and psychology regarding errors in human judgment, and discusses their importance in an economic marketplace. It will increase awareness of the common flaws inherent in all humans' decision-making, but explore how "choice architects" can use this information to improve social and economic outcomes in a variety of settings. Prerequisites: Economics 206 or 208 AND Economics 210 or Math 301 with a grade of C or better in each class OR Psychology 203 or Math 201 with a grade of B or better in each class.

 

 

Economics    460

3 (crs.)

Natural Resource Economics (SS)

An application of microeconomic principles to optimum use of land, water, energy, and other more specific resources. Alternative public policies are evaluated for the solution of resource allocation problems. Prerequisites: Economics 204 or 209 and Economics 206 or 208, with a grade of C or better in both courses, and completion of either Math 171, or both Math 204 and Math 206. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    466

3 (crs.)

Industrial Organization (SS)

Regulatory and promotional policies and programs of the Federal Government affecting the operation of the market system. Prerequisites: Economics 206 or 208 and Economics 204 or 209 with a grade of C or better. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    471

3 (crs.)

Introduction to Mathematical Economics (SS)

The application of mathematical tools to economics with emphasis on the description and use of the tools; mathematical models of decision making and optimization. Prerequisites: Economics 204 or 209 and Economics 206 or 208, and Economics 329 and 331, with a grade of B or better in each class, and completion of the mathematics requirement for economics majors Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5. and permission of instructor. 471/671

 

 

Economics    472

3 (crs.)

Time Series Analysis and Forecasting

This class introduces a variety of methods to analyze time-series data and generate statistical forecasts. Analytical techniques such as seasonal and weighted averaging, exponential smoothing and auto-regressive moving averages will be studied. Students will work with computer software applications of real world economic and business problems to aid in development of decision-making skills. Prerequisites: Economics 210 or Math 301, with a grade of C or better. Business majors; Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

 

 

Economics    473

3 (crs.)

Econometric Methods (SS)

An introduction to the statistical regression techniques widely used by researchers in Economics and Business Finance. Single and multiple regression of time-series and cross sectional data. Prerequisites: Economics 204 or 209 and Economics 206 or 208; and Economics 210 or Math 301 with a grade of C or better in each class. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5. 473/673

 

 

Economics    474

1 - 6 (crs.)

Honors: Honors Thesis (SS)

Honors thesis projects include any advanced independent endeavor in the student's major field of study e.g. a written thesis, scientific experiment or research project, or creative arts exhibit or production. Proposals (attached to Independent Study contract) must show clear promise of honors level work and be approved by a faculty sponsor. Course title for transcript will be 'Honors Thesis.' Completed projects will be announced and presented to interested students and faculty.  Prerequisites: The Honors College and junior standing.  Economics 206 or 208 and Economics 204 or 209 with a grade of C or better. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5. Maximum of 6 units (crs.).

 

 

Economics    499

3 (crs.)

Senior Seminar in Economics (SS)

A seminar in applied economics which focuses on selected current economic problems. Prerequisites: Econ 204 or 209 and Econ 206 or 208 with a grade of C or better, Econ 329 and Econ 331. Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors. All other students can take up to 21 credits of 300/400 level College of Business department courses, provided they have completed 60 credits with a combined GPA of 2.5.

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