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Past Course Descriptions

Course Listings - Spring 2009

Economics Department
Spring 2009
Course Descriptions

Economics
Spring 2009 Course Descriptions

ECON 190S – Principles of Economics
4 semester hours
Frost, Marcia, Staff and Wishart, David

Prerequisites:  Students must have attained the math placement level 22 to enroll.
An introduction to basic principles of economics.  Topics covered include supply and demand, marginal analysis, competition, profit maximization, aggregate demand and supply, the level of employment, inflation, fiscal policy, monetary policy, and international trade.  Lecture/discussion format.

ECON 110- African American Economic History
4 semester hours
Wishart, David

Prerequisites:  Students must have attained the math placement level 22 to enroll.
African American Economic History introduces students to the complex history of African Americans in the North American colonies and the United States from an economic perspective.  The course examines African American economic history the from the beginning of the trans-Atlantic slave trade in the 16th century through the “Great Migration” of blacks from the rural South to northern cities during the 20th century from an economic perspective.  Economic theory and statistical analysis will be used as tools to examine the economic circumstances of African Americans over time.  To paraphrase Robert Fogel and Stanley Engerman writing in their classic work on the economics of slavery, Time on the Cross:  The Economics of American Negro Slavery, the primary goal of this course will be to “reveal” to students “that part of American history which” represents “the record of black achievement under adversity” (Fogel and Engerman, p. 264). 

ECON 240 – American Economic History
4 semester hours
Frost, Marcia

Prerequisites: ECON 190.
This course is primarily an exploration of the economic development of what is now the United States from pre-history into the 20th century. We will survey the “new economic history” that has been researched and written over the past four decades. Among the topics and issues we will examine are: economic growth in the long run and over the business cycle, including the pace, composition and proximate cause; human inputs and outcomes, including population growth, immigration, labor force and per capita income; and institutions, including money, government regulation & provision of goods and services, business and slavery. Lecture/discussion format.

ECON 300 – Econometrics
4 semester hours
Gwinn, Lawrence

Prerequisites:  ECON 190 and MGT 210 or its equivalent.
Econometrics revolves around constructing and statistically testing economic models.  The lectures will focus on discussing methodology in economics and learning the fundamentals of regression analysis.  In addition, a large portion of the course will be devoted to research projects in which students use a computer regression package to test economic theory against empirical evidence, analyze economic policies, and forecast economic variables.  Writing Intensive.

ECON 301 – Financial Markets and Institutions
4 semester hours
Ankrom, Jeff

Prerequisites:  ECON 190 and MATH 120.
The course is meant to impart a basic understanding of money and financial institutions and their impact on the working of the economy.  This will be accomplished by examining the following topics.

  1. The role and functions of financial intermediaries.
  2. The role of government in financial markets.
  3. Central banks, monetary policy and the creation of money.
  4. Pricing of financial assets, and risk/return models.
  5. Models of interest rate determination and theories of the term structure of interest rates.
  6. Mortgage and securitized asset markets.
  7. Options and futures markets.

The course will have a lecture/discussion format and will involve regular reading of the Wall Street Journal.  Exams, quizzes, and class discussion form the basis for the course grade.

ECON 311 – Intermediate Macroeconomic Theory
4 semester hours
Gwinn, Lawrence

Prerequisites:  ECON 190 and MATH 120 or its equivalent.
This course builds on the ideas presented in ECON 190 and develops in greater detail   models that analyze the national economy, with an emphasis on the distinction between short-run and long-run equilibrium, and on the various schools of thought.  We discuss problems inherent in fiscal and monetary stabilization policy and their relationship to unemployment, inflation, and economic growth.  A good understanding of algebra is necessary.

 ECON 330 – International Trade and Finance
4 semester hours
Gwinn, Lawrence

Prerequisites:  ECON 190 and MATH 120 (or Math Placement Level 25)
International Trade and Finance is a study of the principles governing the effect of international trade on nations’ welfare as well as on domestic income, unemployment, and prices. Topics include the pattern of exports and imports, the process by which countries gain from international trade and how those gains result in a redistribution of welfare within countries, and the pitfalls associated with tariffs and other trade restrictions. The effect of exchange rate systems on national economics and on the international market for assets receives particular attention.

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