UNDERGRADUATE COURSE OFFERINGS

ECON 103 Introduction to Economics 3.0; 3 cr.
An introductory survey of the principles of microeconomics and macroeconomics, designed primarily for freshman students. Annually.

ECON 203 Survey of Economics 3.0; 3 cr.
Elementary principles of microeconomics and macroeconomics and applications. No credit is given for students majoring in economics. Students cannot receive credit for both ECON 203 and ECON 211–ECON 212. Annually.

ECON 211 Elementary Microeconomic Theory 3.0; 3 cr.
General principles of microeconomics; includes elements of supply and demand, consumer behavior, costs, market structures, and income distribution. Students cannot receive credit for both ECON 203 and ECON 211. Prerequisite: ENGL 102. Annually.

ECON 212 Elementary Macroeconomic Theory 3.0; 3 cr.
General principles of macroeconomics; aggregate supply and demand framework is used to analyze overall movements in prices and national output, inflation and unemployment, and monetary and fiscal policies. Students cannot receive credit for both ECON 203 and ECON 212. Prerequisite: ENGL 102. Annually.

ECON 213 Economic Statistics I 3.0; 3 cr.
Measures of dispersion; elements of probability theory; sampling, sampling distribution, estimation and hypothesis testing and simple regression. Students cannot receive credit for more than one of the following: ECON 213, MATH 207, or EDUC 227. Prerequisite: MATH 203 for business and MATH 102 for economics. Annually.

ECON 214 Economic Statistics and Econometrics 3.0; 3 cr.
Classical linear regression model and the multiple regression model in matrix form; the criteria for estimators; multicollinearity, serial correlation, heteroskedasticity; identification and estimation of simultaneous equation models and applications. Prerequisite: 70 or more in ECON 211, ECON 212, ECON 213; MATH 201. Annually.

ECON 215 Applied Econometrics 3.0; 3 cr.
A comprehensive treatment of econometric techniques applied in time series models, stationary time series models, modeling economic time series; multi-equation time series models; cointegration; and applications. Prerequisite: ECON 214. Annually.

ECON 217 Intermediate Price Theory 3.0; 3 cr.
Theory of allocation of resources; consumers’ choice and classical demand theory, exchange and welfare; theory of production and cost; price and output determination under alternative market structures; game theory and applications to oligopoly. Prerequisites: 70 or more in ECON 211 and ECON 212; MATH 201. Annually.

ECON 218 Income Distribution and Welfare Economics 3.0; 3 cr.
Factor markets and theories of income distribution, general equilibrium and input-output analysis, welfare economics. Prerequisite: 70 or more in ECON 217. Annually.

ECON 221 History of Economic Doctrines 3.0; 3 cr.
A survey of the history of economic thought, both theory and policy, with an emphasis on contemporary economic thought. Prerequisites: 70 or more in ECON 217 and ECON 227 or consent of instructor. Annually.

ECON 222 Labor Economics 3.0; 3 cr.
A survey of the demand for and supply of labor, investment in human capital, market structure and efficiency of labor markets, collective bargaining, income distribution, and unemployment. Prerequisite: 70 or more in ECON 217. Annually.

ECON 223/224 Economics of the Middle East 3.0; 3 cr.
A study of the resource endowment of the Arab Middle Eastern economies;
their development experience and the general outlook for growth and development. Prerequisites: 70 or more in ECON 211 and 212. Annually.

ECON 226 Intermediate Public Finance 3.0; 3 cr.
A study of public expenditures, public revenues, and public debts, principles of equity in the distribution of the tax burden. Prerequisite: 70 or more in ECON 217. Annually.

ECON 227 Intermediate Macroeconomics 3.0; 3 cr.
A study of the aggregate approach to economics, including the determination of output, employment, the rise of interest and the price level. Inflation and stabilization policies, budget deficits and the national debt, business cycles, theories of consumption, and investment behavior. Prerequisites: 70 or more in ECON 211 and 212; MATH 201 and 202. Annually.

ECON 228 Intermediate Monetary Economics 3.0; 3 cr.
Central banking and instruments of monetary management, alternative theories of the demand for money, the balance of payments and the processes of its adjustment. Prerequisite: 70 or more in ECON 227. Annually.

ECON 230 Economic History 3.0; 3 cr.
Economic development of Europe and other areas up to 1914, with special emphasis on a number of distinct problems in different countries and historical periods. Prerequisites: 70 or more in ECON 211 and ECON 212. Annually.

ECON 232 Economic Policy in Developing Countries 3.0; 3 cr.
Economic policy in developing countries in the context of globalization, policy challenges facing developing countries, impact of regional blocs, and requirements for successful integration in the world economy. Prerequisite: 70 or more in ECON 227. Annually.

ECON 235 Intermediate International Trade Theory 3.0; 3 cr.
Classical trade model, the Heckscher-Ohlin theorem and subsequent theoretical developments, tariffs, domestic distortions, customs union, trade, and economic growth. Prerequisite: 70 or more in ECON 217. Annually.

ECON 236 Intermediate International Economic Policy 3.0; 3 cr.
Systematic analysis of policies in an open economy, the balance of
payments, foreign exchange markets and adjustment under different exchange rate standards; basic policy issues in trade and development. Prerequisites: 70 or more in ECON 217 and ECON 227. Annually.

ECON 237 Economic Development I 3.0; 3 cr.
Introduction to development economics; topical issues in development, market-oriented reforms, impact of globalization, urbanization and agricultural development; recent experiences in developing countries. Prerequisite: ECON 217 or 227. Annually.

ECON 239 Introduction to Mathematical Economics 3.0; 3 cr.
Optimization problems, dynamic analysis, difference and differential equations, linear and non-linear programming; dynamic programming and game theory with economic applications. Prerequisites: 70 or more in ECON 217; MATH 201. Annually.

ECON 240 Economic Development II 3.0; 3 cr.
Models of economic development and growth; macro-economic planning; policy formulation and implementation in developing countries. Prerequisite: ECON 227. Annually.

ECON 241 Industrial Organization and Public Policy 3.0; 3 cr.
Application of microeconomics; analysis of factors affecting market structure, conduct and firm behavior in imperfectly competitive industries; survey of theories relating to intensity of competition and maintenance of market dominance; rationale for antitrust laws. Prerequisite: 70 or more in ECON 217. Annually.

ECON 242 The Economics of Petroleum 3.0; 3 cr.
An analysis of the factors determining the production and pricing of oil with reference to the Arab oil countries, the world oil market, and the role of OPEC. Prerequisites: ECON 211, ECON 212, and ECON 217. Annually.

ECON 243 Introduction to Game Theory and Economic Behavior 3.0; 3 cr.
Basic concepts and methods of game theory with applications to economic problems, Nash equilibrium, mixed strategies, zero sum games, repeated games. Prerequisites: ECON 217 and MATH 201.Annually.

ECON 295/296 Senior Seminars in Economics 3.0; 3 cr.

ECON 297 Senior Research Seminar 3.0; 3 cr.