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Home » 2025-2027 Undergraduate Bulletin » Programs » Economics

Economics

 

Information

Discipline Coordinator: Bryan Engelhardt 
ECON

 

Faculty

 Artz
Engelhardt
Fuller
Haley
Johnson
Kovzik
Siemers

 

Degrees

  • Undergraduate: A major in Economics can lead to the degree(s): Bachelor of Science or Bachelor of Business Administration.
  • Graduate: Economics does not offer a graduate program. However, students who complete a major in Economics may wish to consider advanced study at the University of Wisconsin-Oshkosh in these programs: Master’s of Business Administration, Master’s of Public Administration. Or may participate in the pathway partnership program with Marquette University. For specifics, please see the University of Wisconsin Oshkosh Graduate Bulletin.
 

Summary of Fields of Study

  • Goal(s)
    • See the School of Business for a listing of their goal(s).
  • The Major(s)
    • The Economics Program offers a choice of four emphases in the Bachelor of Science degree program. These are the Quantitative Emphasis, International Emphasis, General Emphasis, and Applied Social Sciences Emphasis. The Economics Program offers a Business Emphasis in the Bachelor of Business Administration degree program.
  • The Minor(s)
    • The Economics Program offers one minor: Business Economics.
  • The Certificate(s)
    • The Economics Program offers four certificates: These are the Business Analytics Certificate, the Business Economics Certificate, the International Economics Certificate, and the Sports Analysis Certificate.

Comment: The program of study in Economics is designed to prepare students for any of a variety of careers in the fields of economics, business, government and higher education. Also, a major in Economics provides excellent preparation for post-graduate study in Economics, Public Policy, Business, and Law.

Admission/Graduation Requirements

  • To be eligible for graduation, students must meet all requirements for the degree being sought, in addition to earning a minimum grade point average of 2.00 in all courses required for the Economics major, minor, or certificate. Refer to the following sections for complete major/minor/certificate course requirements.
  • Students must obtain at least a 2.0 grade point average in all 200+ level ECON prefix classes that are taken by the student at UWO. Non- ECON classes will not count toward the calculation of the 2.0 GPA Economics BBA graduation requirement.
 

Required Core Courses

  • Economics:
    • Economics 201 or 209
    • Economics 202 or 208
    • Economics 210
    • Economics 329
    • Economics 331
      • Note: Students with a declared Quantitative Emphasis and a declared double major in Mathematics, Computer Science, or Software Technology may complete Mathematics 201 with a grade of “C” or better or Mathematics 301 in place of Economics 210.
      • Note: Students with a declared Applied Social Sciences Emphasis and a declared double major in Anthropology, Criminal Justice, Environmental Studies, Geography, History, Journalism, Political Science, Psychology or Sociology may complete Criminal Justice 281, Psychology 203, Sociology 281, or Mathematics 201 with a grade of “C” or better or Mathematics 301 in place of Economics 210.
  • Mathematics:
    • Mathematics 171 or 206 (does not count toward credits required for the major/emphasis/minor)

The Major(s), with Emphases and/or Options

 

1. Economics Major

A. Quantitative Emphasis 

This program is recommended for students who wish to undertake postgraduate study in Economics or to pursue any career involving quantitative, problem-solving, critical thinking or analytical skills. This emphasis is only available to students seeking an Economics Major with a Bachelor of Science or Bachelor of Arts degree.

  • Required Credits: 36 credits minimum, plus completion of the Core Mathematics requirement.
  • Required Courses: In addition to the Core Courses:
    • Requirement A: Complete two of the following courses: Economics 471 (with instructor consent), 472, 473, 475, 476
    • Requirement B: Complete six credits from any 400 level Economics courses not previously taken.
    • Requirement C: Complete an additional nine credits in Economics, at the 300 or 400 level, in addition to the required courses, to complete the major.
      • Note: One course from Finance 340, 440, 441, or 442 may count towards Requirement C.
      • Note: Students with a double major in Mathematics, Computer Science, or Software Technology may count Information Systems 315, 316, 318, 432 toward Requirement C.

B. General Emphasis 

This program is recommended for students who seek a broad knowledge of the field of economics but do not need the technical training necessary for quantitative analysis. This emphasis is only available to students seeking an Economics Major with a Bachelor of Science or Bachelor of Arts degree.

  • Required Credits: 33 credits in Economics minimum, plus completion of the Core Mathematics requirement.
  • Required Courses: In addition to the Core Courses:
  • Electives: The student must complete an additional 18 credits in Economics, at the 300 or 400 level, in addition to the required courses, to complete the major. At least six of those credits must be at the 400 level in Economics.
    • Note: One course from Finance 340, 440, 441, or 442 may count as an elective.

C. International Emphasis

This program is recommended for students who seek an International Emphasis for the Economics Major in the Bachelor of Science and Bachelor of Arts degrees.

  • Required Credits: 36 credits minimum, plus completion of the Core Mathematics requirement.
  • Required Courses: In addition to the Core Courses:
    • Requirement A: Economics 420 or 421
    • Requirement B: Complete two of the following courses: Economics 319, 320, 336, 386, 387, 388, 410
      • An approved International Experience, usually arranged by the Office of International Education at UW Oshkosh.
    • Requirement C: The student must complete an additional 12 credits in Economics at the 300 or 400 level. At least three of those credits must be at the 400 level in Economics.
      • Note: One course from Finance 340, 440, 441, or 442 may count towards Requirement C.
      • Note: Students with a double major in International Studies may count 300 and 400 level International Studies offerings toward Requirement C.

D. Business Emphasis

The Economics major is offered by the School of Business (see the appropriate section for additional details).

  • Required Credits: 18 minimum
    • Required Courses: In addition to the School of Business Pre-Core and Core Courses:
      • Economics: Economics 329, 331 and at least 6 additional credits from Economics at the 300 and 400 level (minimum 3 credits at the 400 level)
      • One course from the following: Economics 472 or 473 or 475 or 476
    • Electives: Sufficient to meet the minimum requirement by completing 3 upper-level division credits from the School of Business offerings.

E. Applied Social Sciences Emphasis

This program is only available for Economics majors with a second major in Anthropology, Criminal Justice, Environmental Studies, Geography, History, Journalism, Political Science, Psychology or Sociology. Additionally, this emphasis is only available to students seeking an Economics Major with a Bachelor of Science or Bachelor of Arts degree. Graduates of the Applied Social Sciences Emphasis will: 1) gain exposer to a broader array of skills, experiences and knowledge in another social science discipline; 2) be able to identify and leverage skill similarities between Economics and another social science discipline in order to understand and solve common problems inherent to both disciplines; 3) incorporate learned experiences from another social science discipline to inform and cultivate relevant applications in Economics coursework; 4) make germane connections between the accumulated knowledge from another social science discipline and Economics concepts; 5) identify how another social science discipline incorporates Economic principles into its learning outcomes.

 

  • Required Credits: 36 credits minimum, plus completion of the Core Mathematics requirement.
  • Required Courses: In addition to the Core Courses:
    • Requirement A: The student must complete an additional 12 credits in Economics at the 300 or 400 level. At least six of those credits must be at the 400 level in Economics.
    • Requirement B: Complete an additional nine credits in Economics, at the 300 or 400 level, or approved social science courses from the following, to complete the major:
      • African American Studies: AF AM STDS 311
      • Anthropology: Anthropology 325, 336, 344, 348, 356, 368, 380, 381, 382
      • Criminal Justice: Criminal Justice 312, 334, 340, 351, 352
      • Environmental Studies: 305, 306, 313, 315, 323, 326, 357, 364, 368, 377, 380, 381, 386, 388
      • Geography: Geography 306, 313, 318, 331, 340, 341, 364, 377, 441
      • Geology: Geology 323
      • History: History 301, 318, 327, 338, 356, 357, 368, 394
      • International Studies: International Studies 318, 331, 377
      • Journalism: Journalism 315, 319, 340, 351, 353, 429, 440, 452
      • Political Science: Political Science 301, 303, 304, 308, 315, 317, 321, 322, 329, 335, 342, 355, 357, 378, 386, 388, 394
      • Psychology: Psychology 305, 338, 341, 363, 411, 473
      • Social Justice: Social Justice 303, 304, 331, 334, 355, 378, 386
      • Sociology: Sociology 311, 313, 315, 321, 331, 337, 347, 381, 388, 389
      • Women’s and Gender Studies: WG STDS 303, 342, 344
 
 
 

The Minor(s)

1. Business Economics Minor

Recommended for students who are majoring in other fields such as Biology, Political Science, or Foreign Language and who wish to enhance their major with a valuable related minor in Business Economics.  This minor is not available to students with a BBA major in the School of Business or any Economics major. 

  • Required Credits: 21 minimum
  • Required Courses:
    • Economics 201 or 209
    • Economics 202 or 208
    • Economics 210
    • Elective Courses:
      • Any two additional Economics courses at the 400-level.
      • Additional two courses offered in any School of Business program at the 300/400-level.

     

    The Certificate(s)

    1. Business Analytics Certificate

    With the increasing demand in the business world for employees with strong statistical skills, this certificate will give students the necessary data analysis and research skills.

    • Required Credits: 12 crs.
    • Required Courses:
      • Economics: Econ 210 *Non-Business majors may substitute Psych 203 with B, Soc 281 with B or Math 301 with C, or better.
      • Select two: Economics 472, 473, 475
    •  Electives: Complete one course from the following list:
      • Economics: Economics 472, 473, 475, 476 (if not taken above)
      • Information Systems: IS 201, 315
      • MHR: MHR 381*
      • Marketing: Marketing 374, 418, 428
      • Supply Chain Management: SCM 342, 445

    *Only available to non-BBA majors

    2. Business Economics Certificate

    The Business Economics Certificate is open to all non-business and non-economics majors and minors. It serves as a smaller and more achievable version of the Business Economics minor for students who want to complete a general business and economics program but are unable to complete a full minor degree with their desired credit load.

    • Required Credits: 12 crs.
    • Required Courses:
      • Economics: Economics 201, 202
      • Economics: Economics 210 or any 300/400 level economics course
    • Electives: Any 300/400 level course offered by Economics or any other School of Business subject area

    3. International Economics Certificate

    The International Economics Certificate is open to all students except for BS Economics Majors. The courses in this certificate program are centered on increasing students’ knowledge of international economic systems and trade and capital markets. The certificate also highlights economic systems in other regions of the world, and includes a study abroad experience as an elective. 

    • Required Credits: 15 crs.
    • Required Courses:
      • Economics 201, 202, 410, 420
    • Electives: Complete one of the following: 
      • Economics 319, 320, 336, 386, 387, 388
      • An approved international Experience

    4. Sports Analysis Certificate

    This certificate is open to all students.

    • Required Credits: 12 crs.
      • Required Courses:
        • Economics: Economics 202, 210*, 340, 476

    *Criminal Justice 281 with C or better, Psychology 203 with C or better, Sociology 281 with C or better, Mathematics 201 with B or better, or Mathematics 301 can substitute for Economics 210.

    Course Offerings

    Economics    101 3 (crs.)
    General Economics (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 201, 202, 208 or 209. Special fees may apply.
     
     
    Economics    110Q1 3 (crs.)
    Economics in Wisconsin (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    201 3 (crs.)
    Principles of Macroeconomics (XS)
    Macroeconomics involves measuring the health of the economy and studying its inner workings. Specifically, the course covers the interconnections between economic growth, unemployment, investment, inflation, wages, and the cost of capital. We will study these phenomena by making simplifying assumptions about our complicated world. From the assumptions, we will be able to explain our surroundings and predict economic outcomes – an important skill for business leaders setting strategies, politicians determining policies, investors picking stocks, and workers bargaining for higher wages. Not open to students who have completed Economics 319-499. Special fees may apply.
     
     
    Economics    202 3 (crs.)
    Principles of Microeconomics (XS)
    Microeconomics is the study of markets at both the industry and consumer levels. The course examines competition and cooperation between individual firms in their pursuit of profit and covers such related topics as elasticity, efficiency, supply, demand, taxes and market structures. In addition to firms’ choices about what to produce and what price to charge, the course also studies the behavior of consumers and explains the role of governments in preserving natural resources and providing public goods to society Not open to students who have completed Economics 319-499. Special fees may apply.
     
     
    Economics    208 3 (crs.)
    Honors: Principles of Microeconomics (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. Not open to students who have completed Economics 319-499. Special fees may apply.
     
     
    Economics    209 3 (crs.)
    Honors: Principles of Macroeconomics (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. Not open to students who have completed Economics 319-499. Special fees may apply.
     
     
    Economics    210 3 (crs.)
    Economic and Business Statistics (XM)(MA)
    This course introduces economic statistics, business analytics, and data science by exploring real-world applications, data management, presentation tactics, and the increasingly central role analytics plays in data-driven decision-making. The course content emphasizes learning about descriptive analytics, basic probability, confidence intervals, hypothesis testing, and linear regression. Prerequisite: Math 104 or 106 or 108 or 204 or 206 or 171 with a grade of C or better, or qualification for enrollment in Math 106 or 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.)
    The Economics of Sex, Race, and Love
    This course will employ economic theories to understand differences in economic outcomes by gender, sexual orientation, race, and other personal characteristics. Empirical work testing economic theories and policies aimed at alleviating group-level differences will be discussed. We will apply economic perspectives to the choices made with respect to love and sex, such as who we choose to date and marry. 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: (ECON 201 or 209 and ECON 202 or 208 w/a grade of C or better in both courses) AND EITHER (Admitted to the COB; Admitted Econ Bus majors; Econ COLS majors & minors) OR (30 cr w/no more than 21 cr of 300/400 level COB courses and 2.5 GPA). Special fees may apply.
     
     
    Economics    312 3 (crs.)
    History of Economic Thought
    Development of economic ideas from early mercantilistic thought through the twentieth century.  Prerequisites: (Economics 106 or 201 or 202 or 208 or 209 with a grade of C or better) AND EITHER (Admitted to the College of Business; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    315 3 (crs.)
    Economics, Entrepreneurship and Innovation
    This course will prepare entrepreneurs to recognize and implement important economic concepts when innovating. The concepts may include the employment of a variety of market structures, achieving different types of market power, playing strategic games such as those of a principal and agent, and taking advantage of public goods or government incentives. The concepts will be applied to innovative and entrepreneurial environments. Prerequisites: ECON 202 or instructor consent AND EITHER (Admitted to the COB; Admitted Econ Bus majors; Econ COLS majors & minors) OR (30 cr with no more than 21 cr of 300/400 level COB courses and 2.5 GPA).
     
     
    Economics    319 3 (crs.)
    Emerging Economies (GS)
    This course provides a theoretical economic framework to understand the key features of economic growth, development processes, and business environment of emerging economies. Prerequisites: (ECON 201 or 209 and ECON 202 or 208 with a grade of C or better in both courses) AND EITHER (Admitted to the College of Business; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    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 101, 201, 202, 208, or 209) AND EITHER (Admitted to the College of Business) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    329 3 (crs.)
    Intermediate Microeconomic Theory
    Theory of demand; pricing and output; allocation of resources; income distribution. Prerequisite: (MATH 171 or 206, and a grade of C or better in ECON 201 or 209 and ECON 202 or 208) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    331 3 (crs.)
    Intermediate Macroeconomic Theory
    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: (MATH 171 or 206, and a grade of C or better in ECON 201 or 209 and ECON 202 or 208) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    336 3 (crs.)
    Comparative Economic Systems
    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: (ECON 202 or 208 and ECON 201 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits completed with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    339 3 (crs.)
    Urban and Regional Economics and Policy
    Location theory of economic activities; economics of urban sites and regions; analysis of urban-regional problems and policies. Prerequisites: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    340 3 (crs.)
    Economics of Sports
    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: (ECON 202 or 208 with a grade of C or better in both courses) AND EITHER (Admitted to the COB; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 cr with no more than 21 cr of 300/400 level COB courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    360 3 (crs.)
    Environmental Economics and Policy
    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: (ECON 202 or 208, with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minor) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    363 3 (crs.)
    Growth and Development of the U.S. Economy
    Development of the United States economy, from its English origins to present time. Prerequisite: (ECON 204 or 209 AND ECON 206 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA). Special fees may apply.
     
     
    Economics    368 3 (crs.)
    Health Care Economics
    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: (ECON 201 or 209 AND ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    386 3 (crs.)
    Economics of Latin America
    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:  (ECON 202 or 208 AND ECON 201 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    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: (ECON 101 or 201 or 202 or 208 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    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:  (ECON 202 or 208 and ECON 201 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    390 3 (crs.)
    Transportation Economics
    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: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    399 3 (crs.)
    Special Topics in Economics
    The study of a current topic of Economic interest, not normally covered in our curriculum. Course details will be available in the department office. Special course fees may apply.
     
     
    Economics    403 3 (crs.)
    Public Sector Economics
    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: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    405 3 (crs.)
    Money and Banking
    Monetary systems and monetary policy; emphasis on the American banking system and the Federal Reserve System.  Prerequisites: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & Minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses All other students can take up to 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    410 3 (crs.)
    International Capital Markets
    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:  (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    415 3 (crs.)
    Causes and Consequences of Economic Growth
    This is a course in macroeconomics, and more specifically it represents an examination of macroeconomic theories and approaches to our society’s most pressing contemporary issues. Insofar as societies measure success via increased standards of living, however one chooses to define this, economic growth represents the fundamental economic issue. Moreover, while some countries have experienced exponential growth in the past 150 years, an examination of the data indicates frequent deviations along the way. These deviations are referred to as Business Cycles. This course seeks to examine not only the sources of economic growth, but also the consequences. In addition to developing an understanding of economic growth and business cycles, we will examine the issues of climate change (a consequence of economic growth) and financial crises (a cause of business cycles and a consequence of economic growth). Prerequisites: Econ 201 (or 209), 202 (or 208) AND EITHER (Admitted to the College of Business) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses 2.5 GPA. Special fees may apply.
     
     
    Economics    420 3 (crs.)
    International Trade (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: (ECON 202 or 208 and ECON 201 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA)Special fees may apply.
     
     
    Economics    421 3 (crs.)
    Honors: International Trade and Finance
    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: (ECON 201 or 209 and ECON 202 or 208 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA). 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. Special fees may apply.
     
     
    Economics    431 3 (crs.)
    Labor Economics
    Analysis of the economy’s labor resource. Major topics include labor markets, workforce programs, economic security arrangements, the labor movement, and collective bargaining. Prerequisites: (ECON 201 or 209 and ECON 202 or 208, with a grade of C or better in both courses) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    433 3 (crs.)
    Managerial Economics
    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: (ECON 201 or 209 and ECON 202 or 208; and ECON 210 or MATH 301 with a grade of C or better in each class) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special course fees may apply.
     
     
    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: (ECON 201 or 209 and ECON 202 or 208; and ECON 305 or 331 and ECON 210 or MATH 301 with a grade of C or better in each class) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    446 0 – 3 (crs.)
    Independent Study
    See Independent Study under Course and Academic Advisement Policies information for general course description, general prerequisites, and proper contract form requirements. Prerequisites: (ECON 201 or 209 and ECON 202 or 208 with a grade of C or better) AND EITHER (Admitted Business majors; All Econ majors) OR (44 credits wih no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA and consent of department chair) Special fees may apply.
     
     
    Economics    456 1 – 3 (crs.)
    Related Readings
    See Related Readings under Course and Academic Advisement Policies information for general course description, general prerequisites, and proper contract form requirements. Prerequisites: (ECON 201 or 209 and ECON 202 or 208 with a grade of C or better) AND EITHER (Admitted Business majors; All Econ majors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA and consent of department chair) Special fees may apply.
     
     
    Economics    459 3 (crs.)
    Behavioral Economics
    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: (ECON 202 or 208 AND ECON 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) AND EITHER (Admitted to the College of Business) OR (30 crs with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    460 3 (crs.)
    Natural Resource Economics
    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: (ECON 201 or 209 and ECON 202 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) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    466 3 (crs.)
    Industrial Organization
    Regulatory and promotional policies and programs of the Federal Government affecting the operation of the market system. Prerequisites: (ECON 202 or 208 and ECON 201 or 209 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    471 3 (crs.)
    Introduction to Mathematical Economics
    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: (ECON 201 or 209 and ECON 202 or 208, and ECON 329 and 331, with a grade of B or better in each class, and completion of the mathematics requirement for economics majors) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA and permission of instructor) Special fees may apply.
     
     
    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: (ECON 210 or Math 301, with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    473 3 (crs.)
    Econometric Methods
    An introduction to the statistical regression techniques widely used by researchers in Economics and Business Finance. Prerequisites: (ECON 210 or Math 301 with a grade of C or better) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    474 3 – 6 (crs.)
    Honors Thesis
    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: In good standing with The Honors College, prior enrollment in HNRS 175 and HNRS 275, and senior standing.
     
     
    Economics    475 3 (crs.)
    Predictive Analytics
    An introduction to the basic methods used in predictive analytics. The supervised learning methods covered in class may include decision trees, the native Bayes model, nearest neighbor methods, neural networks, Markov chains, multiple and logistic regression, and others. The course will provide students the ability to identify when to use each method, how to execute the methods learned, and how to interpret and apply the results. The methods require students to employ computer software when applying the course material to real world applications. Prerequisites:  (IS 301 or IS 318 or CS 221 or CS 262 or instructor consent) AND (ECON 210 or Math 301, with a grade of C or better) AND EITHER (Admitted COB majors or Econ COLS majors and minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business Courses and 2.5 GPA) Special fees may apply.
     
     
    Economics    476 3 (crs.)
    Sports Analytics
    This course prepares students to gain an appreciate and knowledge of sport analytics today, while analyzing the strategies and concepts that are apparent within today’s industry. Specifically students will interpret and analyze important characteristics within the sport analytic industry including, among other aspects, player data and tracking. The course includes discussion and analysis regarding differences of data in today’s sport analytics, and students will gain understanding in the aspects and strategies towards players, coaches and organizations. Prerequisites: (ECON 210 with a C or Math 301 with a grade of C) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (30 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA).
     
     
    Economics    499 3 (crs.)
    Senior Seminar in Economics
    A seminar in applied economics which focuses on selected current economic problems. Prerequisites: (ECON 201 or 209 and ECON 202 or 208 with a grade of C or better, ECON 329 and ECON 331) AND EITHER (Admitted Business majors; Admitted Econ Bus majors, Econ COLS majors & minors) OR (44 credits with no more than 21 credits of 300/400 level College of Business courses and 2.5 GPA) Special fees may apply.