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Economics

Courses - ECON - Upper Division

General Education Category A must be completed prior to taking any upper division course except upper division language courses where students meet formal prerequisites and/or competency equivalent for advanced study.

300. Fundamentals of Economics (3)

Prerequisites: GE Foundation requirements.
Designed for non‑majors. Presents basic training in economics for social studies teachers or citizens who wish to exercise a reasoned judgment about economic issues in public affairs. Content generally same as ECON 100, 101, in condensed form.
Not open for credit to students with credit in ECON 100 or 101 except by consent of the Economics Department.

306I. Environmental Issues of the World Economy (3)

Prerequisites: G.E. Foundation and the Category B requirement, and ECON 101.
Interdisciplinary analysis of human impact on the atmosphere and biological diversity; consideration of policies to foster sustainable development with emphasis on the economic perspective.
Open only to nonmajors.

310. Microeconomic Theory (3)

Prerequisites: ECON 100, 101 and MATH 115 or 122.
Analysis of economic concepts and their applications to business situations. Emphasis on supply and demand analysis, costs of production, variations of competition and monopoly, revenues, prices, profits and losses, and other aspects of the operations of the business enterprise.
Any prerequisite course in which a grade lower than "C" is received must be retaken and successfully completed prior to enrolling in ECON 310.

311. Macroeconomic Theory (3)

Prerequisites: ECON 100, 101 and either MATH 115 or 122.
Determinants of levels of income, employment, and prices; of secular and cyclical changes in economic activity; and of the effects of public policies upon aggregative economic experience.
Any prerequisite course in which a grade lower than "C" is received must be retaken and successfully completed prior to enrolling in ECON 311.

313. History of Economic Thought (3)

Prerequisites: ECON 100 and 101, or 300.
Evolution of economics as a science. Doctrines of the different schools of economic thought. Study of the contributions of outstanding economists.

320. Money and Banking (3)

Prerequisites: ECON 100, 101 and either MATH 115 or 122.
Nature and functions of money and its relation to prices; the monetary system of the United States; the functions of banks, bank credit, foreign exchange and monetary control.

330. Game Theory (3)

Prerequisites: ECON 101 or 300.
A formal study of conflict and cooperation, and their application to modeling and analyzing an interactive situation, especially in the context of microeconomics.

333. Managerial Economics (3)

Prerequisites: ECON 100, 101 and either MATH 115 or 122.
The tools of marginal analysis and their application to managerial decisions and planning. Emphasis upon calculating solutions to operational problems. Topics include demand analysis, production and cost, pricing, and output decisions. Product and factor markets will be analyzed.

340. Economics in Movies (3)

Prerequisites: ECON 101 or 300
Application of economic concepts to real-world situations as depicted in movies. Economic analyses of incentives, trade-offs, supply and demand, insurance, the used car market, crime, pollution, and other topics.

355. Law and Economics (3)

Prerequisites: ECON 100 and 101, or 300.
Analysis of economic concepts and their application to law and legal institutions. Emphasis on property law, contract law, accident law, crime control and judicial administration.

366. Introduction to Development Economics (3)

Prerequisites: ECON 100 and 101 or ECON 300.
Economic and social aspects of economic development. General analysis of all aspects of economies in developing countries. Application of concepts to current situation in developing countries from different parts of the world.
Open only to nonmajors.

372. International Economics (3)

Prerequisites: ECON 100 and 101, or 300.
International trade and exchange rate theory. Types of trade control: tariffs, quotas, exchange manipulation, monopolies. Basic U.S. and European commercial policies since 1930.
Not open for credit to students with credit in ECON 470 or 471.

380. Economic Statistics (4)

Prerequisites: ECON 100, 101 and either MATH 115 or 122.
Use of descriptive and inferential statistical concepts for the analysis of economic data. Topics include measures of central tendency and dispersion, probability theory, discrete and continuous probability distributions, hypothesis testing, regression and correlation analysis.
Any prerequisite course in which a grade lower than "C" is received must be retaken and successfully completed prior to enrolling in ECON 380.
(Lecture 3 hours, activity 2 hours)

403./503. Mathematical Economics (3)

Prerequisites: ECON 310, 311, and consent of instructor.
Applications of calculus, linear algebra and other mathematical tools in formulating and solving economic problems. Designed for exceptional undergraduate students who intend to pursue a graduate degree in economics. Letter grade only (A-F).

410./510. Advanced Microeconomics (3)

Prerequisites: ECON 310 and 311.
Applications of microeconomic theory. Examination and analysis of particular markets and contemporary issues. Specific emphasis on policy analysis for government and business decisions. This course is designed for exceptional undergraduate students who intend to pursue a graduate degree in economics.
Letter grade only (A-F). Not open for credit to students with credit in ECON 410H.

411./511. Advanced Macroeconomics (3)

Prerequisites: ECON 310 and 311.
Applications of macroeconomics, monetary and forecasting theory to operational management and planning decisions of government and business. This course is designed for exceptional undergraduate students who intend to pursue a graduate degree in economics.
Letter grade only (A-F). Not open for credit to students with credit in ECON 411H.

420. Forecasting (4)

Prerequisites: ECON 380 and either ECON 311 or 320.
Principles and methods of forecasting. Evaluation of the reliability of existing forecasting techniques. Also covers use of the macroeconomic model as a basis for forecasting and the role of forecasts in the formulation of national economic policy.
(Lecture 3 hours, activity 2 hours.)

430. Industrial Organization (3)

Prerequisites: ECON 310 or 333.
The structure, behavior and performance of firms and industries. Implications of separation of ownership and control, Corporate social responsibility and the profit motive. The dilemma of size versus competition.

434. Economics of Regulation (3)

Prerequisites: ECON 310 or 333.
A comprehensive survey of the past, present and future of the political regulation of economic and business activity. Consideration of the rationale for regulation and deregulation and the creation, design and removal of regulatory practices.

437./537. Urban Economics (3)

Prerequisite: ECON 310.
Economic analyses of city formation and size, business and residential location decisions, land use. Application of microeconomic theory to urban transportation issues, residential segregation, urban poverty and crime, and housing markets. Introduction to local public finance and provision of local public goods.

438./538. Regional Economics (3)

Prerequisites: ECON 310 and 311.
Economic evolution and growth of cities, states and countries. Roles of geography, demography, location of industries, and factors determining regional growth and development will be considered. Special attention will be paid to the economic integration of U.S. states and European nations.

441. Labor Economics (3)

Prerequisites: ECON 310 and 380.
Manpower resources and their utilization, with particular reference to labor unions, collective bargaining and related public policies. Effects of these institutions on production, employment, prices and patterns of income distribution.

450. Public Sector Economics (3)

Prerequisites: ECON 310 and 311.
Analysis of the theory of public goods. Criteria for efficient allocation of resources between private and public sectors. Possible responses of government externalities, such as environmental degradation. Emphasis on the allocation and distribution effects of government expenditures and taxation.

455./555. Transportation Economics (3)

Prerequisites: ECON 310 and 380.
Economic analysis of intercity transportation, cost measurement, applications of pricing principles, project evaluation, and economic regulation. Policies towards railroads, air transportation, and intercity highways.
Letter grade only (A-F).

462./562. Environmental Economics (3)

Prerequisite: ECON 310.
Economic analysis of environmental problems and policy. Market failures due to externalities, public goods, and common property resources will be examined. Private (market) and public (governmental) solutions to environmental problems are examined.

463./563. Energy Economics (3)

Prerequisite: ECON 310.
Application of economic analysis to energy problems and policies. Representative topics include macroeconomic effects of energy price shocks, international financial fragility, OPEC pricing strategies, determinants of demand and supply, industrial organization and finance, investor and publicly owned utilities, domestic and international policies.

464./564. Natural Resource Economics (3)

Prerequisite: ECON 310.
Microeconomic and capital theory applied to problems of conserving and managing natural resources. Analysis of public policies affecting renewable and nonrenewable resources including price controls, taxation and leasing. Representative topics include: forestry, fishery, energy, water, and mineral economics.

465./565. Economic Development (3)

Prerequisite: ECON 310 and 311.
Economic and social factors underlying economic development. Analysis of problems associated with economic growth of less developed countries. Evaluation of development policies.

470./570. International Trade (3)

Prerequisites: ECON 310.
Examines theories of trade, welfare implications of different trade policies, the political economy of trade policies, and global trading arrangements.

471./571. International Finance (3)

Prerequisites: ECON 311 and 380.
Covers topics in international finance in both an applied and theoretical framework, such as the balance of payments, the foreign exchange market, income, trade, capital flows, asset market adjustment mechanisms, and exchange rate regimes.

485./585. Econometrics I (4)

Prerequisites: ECON 310, 311, and 380.
First course in a two-semester sequence introducing students to basic techniques in econometrics. Basic statistics and the classical linear regression model are covered. Emphasis is given to computing estimators using simulated and actual data sets.
(Lecture 3 hours, activity 2 hours)

486./586. Econometrics II (4)

Prerequisites: ECON 485.
The second in a two-semester sequence introducing students to basic techniques in econometrics: advanced regression, including time-series and panel data analysis. Critical evaluation of selected examples of empirical economic research, and exercises in applied econometrics.
(Lecture 3 hours, activity 2 hours.)

490. Selected Topics in Economics (3)

Prerequisite: Consent of instructor.
Topics of current interest in economics selected for intensive development.
May be repeated to a maximum of 6 units. Topics announced in the Schedule of Classes.

491H. Senior Honors Seminar in Economics (3)

Prerequisites: Senior standing, ECON 485 or 486, and consent of instructor.
Provides opportunity for students to integrate their knowledge of economics, statistics‑econometrics and computer studies. Designed as a seminar in research where students will be expected to write a paper and present their research results orally. Research topics must be approved by instructor.

495. Field Studies Practicum (3)

Prerequisites: ECON 310 or 333 and consent of instructor.
Observation and practical experience, at a managerial level, in an appropriate business or government enterprise.
Applications for permission to enroll must be filed with the Economics Department at least six weeks prior to beginning of the semester involved.
May be repeated to a maximum of 6 units.

499. Directed Study (1‑3)

Prerequisite: Consent of instructor.
Independent study under the supervision of a faculty member.
May be repeated to a maximum of 6 units.