School of Liberal Arts: Economics
2008-2009 Academic Year
319
ECON 423 Econometrics (3)
Staff. Prerequisites: ECON 323 or MATH 301, or MATH 111 and 112. Building
on the statistical techniques learned in Economics 323, the course concentrates on
the principal methods used to correct violations of the basic assumptions of
ordinary least squares.
ECON 424 Financial Decision Making in Firms (3)
Staff. Prerequisite: ECON 101, 301, 323, or equivalent. Financial analysis,
planning and control in modern business firms includes valuation, cost and
allocation of capital, and capital markets.
ECON 433 International Trading Relations (3)
Staff. Prerequisite: ECON 301. An examination of the principles of international
trade and the international arrangements that have been established to guide
international trade. Specific topics include comparative advantage, the effects of
tariffs and quotas, and the substitution of the movement of goods for the
movement of capital and labor.
ECON 434 International Monetary Relations (3)
Staff. Prerequisite: ECON 302. An examination of macroeconomic models and
policy in the open economy. Topics include the Keynesian approach, purchasing
power parity, the monetarist model of the balance of payments, the Mundell-
Flemming model, international interdependence and policy coordination, and the
exchange rate determination.
ECON 441 Topics in Mathematical Economics (3)
Staff. Prerequisites: ECON 301, MATH 121 and 122, or approval of instructor. A
mathematical approach to microeconomic theory with an emphasis on static and
dynamic optimization.
ECON 450 Health Economics (3)
Staff. Prerequisite: ECON 301
ECON 451 Advanced Topics in Macroeconomics (3)
Staff. Prerequisite: ECON 302. Structure and operation of macroeconomic
system, covering both closed and open economies.
ECON 452 Economics of Public Expenditures (3)
Staff. Prerequisite: ECON 301. An examination of the economic bases for and
evaluation of government expenditure programs. Topics include the rationale for
government intervention into the economy, difficulties involved in setting
appropriate levels of government activity, and how particular programs should be
evaluated and financed.
ECON 453 Economics of Taxation (3)
Staff. Prerequisite: ECON 301. An analysis of major tax structures used in or
proposed for the U.S. Economy. Each tax and the system as a whole will be
judged according to the criteria of economic efficiency and tax equity. While
emphasis will be national taxes, the local property tax will also be considered.
Major alternatives to the present structure will be evaluated.