UNDERGRADUATE COURSE OFFERINGS
ECON 101 Introduction to Microeconomics 3.0; 3 cr.
An introductory survey of the principles of microeconomics, designed primarily for freshman students. Annually.
ECON 102 Introduction to Macroeconomics 3.0; 3 cr.
An introductory survey of the principles of 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 who take ECON 203 may not receive credit for either ECON 211 or ECON 212. Every semester.
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 211 and AGSC 212; however, the courses will not be treated as equivalent. Students cannot receive credit for both ECON 203 and ECON 211. Every semester.
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. Every semester.
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 can receive credit for only one of ECON 213, STAT 201, STAT 210, STAT 230, BUSS 200 or EDUC 227. Every semester.
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: ECON 211, ECON 212, ECON 213 or STAT 201, STAT 210, STAT 230, BUSS 200, EDUC 227, and MATH 201. Every semester.
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: ECON 211 and MATH 201. Every semester.
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: ECON 217. Annually.
ECON 219 Economics 0f Financial Markets 3.0; 3 cr.
A survey of capital markets and asset pricing models; determination of the links between financial markets, monetary policy, and economic growth. Prerequisites: ECON 214 and ECON 227. 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: 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: ECON 217. Annually.
ECON 223 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: ECON 211 and 212. Occasionally.
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: 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, interest rates, and the price level. Inflation and stabilization policies, budget deficits and the national debt, business cycles, theories of consumption, and investment behavior. Prerequisites: ECON 211 and 212, and MATH 201; corequisite: MATH 202. Every semester.
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: 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: ECON 211 and ECON 212. Occasionally.
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 into the world economy. Prerequisite: ECON 227. Occasionally.
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: 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: 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: ECON 217. Annually.
ECON 240 Economic Development II 3.0; 3 cr.
Models of economic development and growth; macroeconomic 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: 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 217. Occasionally.
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. Annually.
ECON 295 Senior Seminars in Economics 3.0; 3 cr.