Courses and Syllabi
The University Catalog is the authoritative source for information on courses. The Schedule of Classes is the authoritative source for information on classes scheduled for this semester. See the Schedule for the most up-to-date information and see Patriot web to register for classes.
Economics Fall 2019
Undergraduate
100-Level Courses in ECON
Not available to economics majors. Broad introduction to economic concepts and how they can contribute to a better understanding of the world around us. Applies and develops concepts to current economic and social problems and issues. Less formal modeling than in the 103-104 sequence. Limited to three attempts.
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1 Section Currently Scheduled
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Section 001
— 09:00 AM to 10:15 AM MW —
Art & Design Building 2026
Introduces microeconomics in the context of current problems. Explores how market mechanism allocates scarce resources among competing uses; uses supply, demand, production, and distribution theory to analyze problems. Limited to three attempts.
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7 Sections Currently Scheduled »
Introduces macroeconomics in the context of current problems. National income analysis, money and banking, economic growth and stability, unemployment, inflation, and role of government. Limited to three attempts.
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3 Sections Currently Scheduled
Introduction to economic concepts and how they can be applied to environmental policy issues such as air and water pollution, climate change, natural resource use, and sustainability. Focus is on concepts, policy, and case studies rather than formal modeling exercises. Limited to three attempts.
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1 Section Currently Scheduled
300-Level Courses in ECON
Basic factors of price and distribution theory: analysis of demand, costs of production and supply relationships, and price and output determination under various market structures. Limited to three attempts.
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4 Sections Currently Scheduled »
Analysis of major strategic business situations including pricing strategy, incentives and contracts, game theory, and vertical and horizontal integration. Limited to three attempts.
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1 Section Currently Scheduled
Economic problems in light of current and proposed public policies. Topics include environmental issues, international trade policies, and regulatory issues and their historical roots. Limited to three attempts.
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3 Sections Currently Scheduled
Monetary, commercial, and central banking systems, with particular emphasis on their relationship with American government programs, fiscal policies, and controls. Limited to three attempts.
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3 Sections Currently Scheduled
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Section 007
— 10:30 AM to 11:45 AM TR —
Innovation Hall 215G
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Section 006
— 07:20 PM to 10:00 PM M —
Innovation Hall 206
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Section 002
— 09:00 AM to 10:15 AM TR —
Music Theater Building (formerly Fine Arts Building) 1007
Aggregate economic accounts, including measuring national income; determinants of levels of income and output; and causes and solutions for problems of unemployment, inflation, and economic growth. Limited to three attempts.
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3 Sections Currently Scheduled
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Section 001
— 12:00 PM to 01:15 PM TR —
Buchanan Hall (formerly Mason Hall) D001
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Section 003
— 07:20 PM to 10:00 PM R —
Robinson B222
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Section 004
— 09:30 AM to 10:20 AM MWF —
Music Theater Building (formerly Fine Arts Building) 1005
Defines factors that determine levels of wages and employment, and economic consequences. Emphasizes recent developments in unionism, collective bargaining, and industrial technology. Limited to three attempts.
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1 Section Currently Scheduled
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Section 001
— Bryan D Caplan — 09:30 AM to 10:20 AM MWF —
Nguyen Engineering Building 1109
Covers intergovernmental financial relationships; types, incidences, and consequences of taxation; other sources of governmental income; governmental expenditures and their effect; public economic enterprises; public borrowing; and debt management and its economic effect. Limited to three attempts.
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1 Section Currently Scheduled
Microeconomic analysis of environmental problems. Topics include externalities and market failure, alternative solutions and policies, problems in monitoring and enforcement, economic analysis of development of legislation and regulation, and applications to current policy issues. Limited to three attempts.
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2 Sections Currently Scheduled
Mathematical treatment of theory of firm and household behavior, stabilization policy, growth theory, input-output analysis, and linear programming. Limited to three attempts.
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1 Section Currently Scheduled
Modern statistical techniques in estimating economic relations. Limited to three attempts.
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2 Sections Currently Scheduled
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Section 001
— 12:00 PM to 01:15 PM TR —
Buchanan Hall (formerly Mason Hall) D003
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Section 002
— 07:20 PM to 10:00 PM W —
Innovation Hall 131
Economic growth characteristic of developing countries. Economic development, obstacles to development, policies, and planning. Limited to three attempts.
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3 Sections Currently Scheduled
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Section 001
— Jason Dunick — 10:30 AM to 11:45 AM TR —
Robinson B220
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Section 003
— 03:00 PM to 04:15 PM TR —
Nguyen Engineering Building 1110
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Section 002
— 04:30 PM to 07:10 PM T —
Robinson B111
Possible topics include ancient, medieval, modern European, and American economic history, using econometric analysis as necessary. Notes: May be repeated when topic is different. May be repeated within the term for a maximum 6 credits.
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2 Sections Currently Scheduled
Applies basic economic concepts and principles to issues facing the U.S. and global economies. Topics include productivity and economic growth, taxes, healthcare, globalization, income distribution and financial crises, with an emphasis on market structure, social institutions and the not-always rational behavior of investors and consumers. Equivalent to GOVT 367.
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1 Section Currently Scheduled
Introduces economic way of thinking on trade and international finance. Presents historical and current information on consequences of trade and protectionism. Notes: May not be applied toward the elective course requirement needed for a major or minor in economics. Limited to three attempts.
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3 Sections Currently Scheduled
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Section 001
— 11:30 AM to 12:20 PM MWF —
Planetary Hall (formerly Science & Tech I) 224
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Section 002
— 03:00 PM to 04:15 PM TR —
Planetary Hall (formerly Science & Tech I) 224
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Section 003
— Donald J Boudreaux — 07:20 PM to 10:00 PM W —
Robinson B113
Foreign exchange market, balance of payment, foreign trade policies, and theories of international trade. Limited to three attempts.
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1 Section Currently Scheduled
400-Level Courses in ECON
Applies economic theory, methodology to study nonmarket decision making. Limited to three attempts.
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1 Section Currently Scheduled
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Section 001
— Thomas C Rustici — 01:30 PM to 02:45 PM MW —
Nguyen Engineering Building 1109
Introduces game theory and its relevance for analyzing framework of rules and institutions within which economic processes occur. Applies game theoretical concepts to comparative analysis of causes and effects of alternative institutional arrangements. Limited to three attempts.
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2 Sections Currently Scheduled
Economic analysis of the law. Topics include introduction to legal institutions and legal analysis; application of economic concepts to the law of property, contracts and torts, criminal and constitutional law; economic efficiency of common law; and public choice perspective on the evolution of the law. Limited to three attempts.
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1 Section Currently Scheduled
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Section 002
— 09:00 AM to 10:15 AM TR —
Buchanan Hall (formerly Mason Hall) D180
Examines models of balance of payments, exchange rate behavior, and open economy macroeconomics. Includes international financial system and issues such as globalization and international financial instability. Limited to three attempts.
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1 Section Currently Scheduled
Topics include comparing two or more treatments, and computing and interpreting analysis of variance. Discusses randomized block, Latin square, and factorial designs; and applications to economics experiments. Limited to three attempts.
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1 Section Currently Scheduled
Examines various issues surrounding concepts of regulation using tools from microeconomic theory and public choice. Topics include antitrust, rate regulation, policy rationales for regulation, and issues of current interest. Limited to three attempts.
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2 Sections Currently Scheduled
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Section 002
— 07:20 PM to 10:00 PM M —
Robinson B111
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Section 001
— Michael J Webb — 07:20 PM to 10:00 PM W —
Buchanan Hall (formerly Mason Hall) D003
Studies the thought of Adam Smith. As the first in a two-course sequence, course focuses on The Theory of Moral Sentiments. Limited to three attempts.
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1 Section Currently Scheduled
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Section 001
— Daniel B Klein — 04:30 PM to 07:10 PM W —
Buchanan Hall (formerly Mason Hall) D180
Honors-level research on a self-selected topic in economics culminating in a substantial research paper and an oral presentation. Notes: Requirements for departmental honors in the major are in addition to the coursework required for the major. ECON 495 credit may not be applied toward the elective course requirement needed for a major or minor in economics. May be repeated within the degree for a maximum 6 credits.
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1 Section Currently Scheduled
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Section 001
— Jason Dunick — 10:30 AM to 01:10 PM F —
Buchanan Hall (formerly Mason Hall) D180
Subject matter varies. Notes: May be repeated when topic is different. May be repeated within the term for a maximum 24 credits.
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4 Sections Currently Scheduled »
Students find economics-related internship with assistance from Career Services. Pre-internship proposal and final reflections paper required. Limited to three attempts.
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2 Sections Currently Scheduled
Individual study of selected area of economics. Notes: Directed research paper required. May be repeated within the term for a maximum 9 credits.
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1 Section Currently Scheduled
Topics in ECON
Possible topics include ancient, medieval, modern European, and American economic history, using econometric analysis as necessary. Notes: May be repeated when topic is different. May be repeated within the term for a maximum 6 credits.
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2 Sections Currently Scheduled
Subject matter varies. Notes: May be repeated when topic is different. May be repeated within the term for a maximum 24 credits.
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4 Sections Currently Scheduled »
Graduate
600-Level Courses in ECON
Covers theory of behavior of consumers, firms, and resource suppliers; theories of choice under risk and uncertainty; partial equilibrium analysis of competitive and noncompetitive markets; general equilibrium analysis; and welfare economics. Introduces capital theory. Notes: Non-Degree students are permitted to enroll based on space availability determined one week before the first day of classes AND on meeting the prerequisites AND with permission of instructor. May not be repeated for credit.
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1 Section Currently Scheduled
Explores development of American economy and evolution of economic institutions. Notes: ECON 637 recommended. May not be repeated for credit.
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1 Section Currently Scheduled
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Section 001
— Noel D Johnson — 04:30 PM to 07:10 PM W —
Carow Hall 01
Topics covered include: constrained maximization, differential calculus, integral calculus, linear algebra, matrix algebra, probability, and set theory. Emphasis is placed on economic applications.
Notes: Non-Degree students are permitted to enroll depending on space availability determined one week before the first day of classes AND on meeting the prerequisites AND with permission of instructor. May not be repeated for credit.
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1 Section Currently Scheduled
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Section 001
— 07:20 PM to 10:00 PM R —
Van Metre Hall (formerly Founders Hall) 111
Topics vary according to interests of instructor. Emphasizes new areas of discipline. Notes: May be repeated when topic is different. May be repeated within the term.
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3 Sections Currently Scheduled
700-Level Courses in ECON
Covers classical, neoclassical, Keynesian, and post-Keynesian theories of income and employment determination; theories of inflation and growth; and demand for money and implications for effectiveness of monetary vs. fiscal policy. Notes: Non-Degree students are permitted to enroll based on space availability determined one week before the first day of classes AND on meeting the prerequisites AND with permission of instructor. May not be repeated for credit.
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1 Section Currently Scheduled
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Section 001
— Carlos D Ramirez — 07:20 PM to 10:00 PM M —
Planetary Hall (formerly Science & Tech I) 224
Research on approved thesis topic under direction of thesis committee. Notes: Students must register for a minimum of three credit hours in their first semester of 799 and maintain continuous enrollment in 799 while writing and submitting a thesis. A maximum of 6 credits of 799 may be applied to the degree. May be repeated within the degree.
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1 Section Currently Scheduled
800-Level Courses in ECON
Theory and applications of behavior of consumers, firms, and resource suppliers. Partial equilibrium analysis of various market structures and introduction to intertemporal choice and capital theory. Review and analysis of classic works in microeconomic theory. Notes: Non-Degree students are permitted to enroll based on space availability determined one week before the first day of classes AND on meeting the prerequisites AND with permission of instructor. May not be repeated for credit.
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1 Section Currently Scheduled
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Section 001
— Walter E Williams — 07:20 PM to 10:00 PM T —
Van Metre Hall (formerly Founders Hall) 118
Covers development of economic analysis from marginal revolution of 1877 to present. Emphasizes development of neoclassical economic theory. May not be repeated for credit.
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1 Section Currently Scheduled
Analyzes framework of rules and institutions for economic activities and transactions. Includes emergence and working properties of different institutions, and classical and contemporary approaches to economic theory of institutions. May not be repeated for credit.
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1 Section Currently Scheduled
Includes algebra and multivariate calculus applied to advanced economic problems. Also covers unconstrained and constrained optimization, formal models of market equilibrium, and models of economic dynamics in continuous and/or discrete time. Notes: Non-degree students are permitted to enroll on space availability determined one week before the first day of classes AND on meeting the prerequisites AND with permission of instructor. May not be repeated for credit.
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1 Section Currently Scheduled
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Section 001
— 07:20 PM to 10:00 PM R —
Enterprise Hall 274
Develops the foundations of choice, price, and general equilibrium theory. Topics include choice, preference and utility; consumer demand; competitive firms; general equilibrium; and social choice and welfare. Special attention is paid to uncertainty and dynamic choice. May not be repeated for credit.
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1 Section Currently Scheduled
Explores econometric models and simultaneous equation systems. Includes identifying parameters and least squares bias, alternative estimation methods, and block recursive systems. May not be repeated for credit.
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1 Section Currently Scheduled
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Section 001
— Daniel E Houser — 04:30 PM to 07:10 PM R —
Buchanan Hall (formerly Mason Hall) D180
Explores empirical analyses of law of property, torts, crime, and family. Also looks at law's effects on freedom and economic growth. May not be repeated for credit.
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1 Section Currently Scheduled
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Section 001
— Alex T Tabarrok — 07:20 PM to 10:00 PM M —
Carow Hall 01
Explores the moral philosophy of Adam Smith, with a focus on The Theory of Moral Sentiments, which is studed cover-to-cover in "Great Books" fashion. May not be repeated for credit.
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1 Section Currently Scheduled
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Section 001
— Daniel B Klein — 04:30 PM to 07:10 PM W —
Buchanan Hall (formerly Mason Hall) D180
Structure of American industry and underlying determinants. Includes structure and conduct on industrial performance in light of theory and empirical evidence; and rational antitrust policy and analysis of impact on structure and performance. May not be repeated for credit.
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1 Section Currently Scheduled
Applies economic theory and methodology to study of nonmarket decision making. May not be repeated for credit.
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1 Section Currently Scheduled
Explores forces contributing to or retarding economic progress in developing countries. Includes role of foreign trade, economic integration, foreign investment, multinational corporations, and technological transfers. May not be repeated for credit.
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1 Section Currently Scheduled
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Section 001
— Peter T. Leeson — 04:30 PM to 07:10 PM R —
Buchanan Hall (formerly Mason Hall) D100
Examines theory developed by Menger, Mises, Hayek, and others of the Austrian School; and compares with other popular theories. May not be repeated for credit.
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1 Section Currently Scheduled
Topics vary according to interests of instructor. Emphasizes new areas of discipline. May be repeated within the term.
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13 Sections Currently Scheduled »
900-Level Courses in ECON
Research on prospective dissertation topic. Notes: For students who have completed course work but have not yet advanced to candidacy. May be repeated within the degree.
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1 Section Currently Scheduled
Research on approved dissertation topic under direction of dissertation committee. Notes: 24 credits may be applied to doctoral degree requirement. May be repeated within the degree.
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1 Section Currently Scheduled
Topics in ECON
Topics vary according to interests of instructor. Emphasizes new areas of discipline. Notes: May be repeated when topic is different. May be repeated within the term.
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3 Sections Currently Scheduled
Topics vary according to interests of instructor. Emphasizes new areas of discipline. May be repeated within the term.
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13 Sections Currently Scheduled »
