Economics Course Listing

ECON111. Cntmpry Econ Issues & Soc Plcy

Course addresses fundamental economic principles and the economic way thinking as they apply to social issues. Material is addressed in a manner that illustrates the importance of understanding economic issues that affect you as a consumer, citizen, and taxpayer. Topics include social security, health care, education reform, international trade, financial planning /investing, the macroeconomy, central planning vs capitalism, environmental economics, drug legalization, etc. 3 credits. *Fulfills General Education Goal 8.

ECON115. Economics for Educators

An examination and exploration of economic concepts and principles as well as instructional approaches aimed at incorporating these concepts into the elementary school curriculum. This course is designed especially for students preparing for careers as elementary school educators and will focus on preparing students to be able to implement the economics strand in the Virginia Social Studies Standards of Learning adopted in 1995. This course may not be taken for credit by business or economics majors. Prerequisite: Must be admitted to the Teacher's Program. 3 credits.

ECON217. Prncpl of Econ(Micro Emphasis)

Overview of economic theory and real world applications. For example, how are prices in the economy determined? How do economic markets operate? How do economic events such as technological advances, increases in input prices, and government policy changes affect market prices and the consumer? Some time will be spent on discussion of market structures such as competitive markets versus monopoly. Real world applications will be used to illustrate economic theories. 3 credits.

ECON218. Prncpl Econ(Macro Emphasis)

Study of the economy as a whole. Topics include the determination of a general price level for the economy, determinants of inflation, unemployment, interest rates, and Gross Domestic Product. For example, this course addresses how the Federal Reserve uses monetary policy to manipulate economic activity, inflation, and interest rates. 3 credits.

ECON295. Special Topics

Selected topics in economics. The topics may vary from semester to semester. May be repeated for credit when topics change. 1-3 credits.

ECON300. StuAbroad:Intro Southeast Asia

This class is offered in conjunction with study abroad to destinations in Southeast Asia. The goal is to provide students with an overview of this region while also focusing on specific countries where travel will take place. Content addresses general economics, environmental economics, trade, economic development, geography, politics, history, and culture. Prerequisite: None. Permission of Instructor required. 3 credits.

ECON301. Econ Dvlpmt Tour Sustn Costa R

This class is offered in conjunction with study abroad to Costa Rica. The goal is to provide students with an overview of Latin America with a specific focus on the particular country. Students will understand that Costa Rica is model for sustainable development, despite the fact that there are many challenges. Topics will include: introduction to sustainable development, economics of Central America, eco-tourism as a way to promote development, the importance of trade and the impact on the country/region, importance of the coffee, sugar, and banana industries (and associated trade concerns), alternatives to GDP as measures of economic progress, rainforest destruction/protection, and economic/social issues including squatting, prostitution, and drugs. 3 credits.

ECON302. Law for Economists

Students will evaluate the law based on economic principles and will form connections to public policy. Specifically, students will examine the effects of current law on behavior and predict the effects of future laws on society. Topics include economics of crime and punishment, economic theory of property and property liability, and medical malpractice. Students will apply legal and economic concepts to recent cases. Prerequisite: ECON 217. 3 credits.

ECON303. Economics of Sports

A study of how economic theories apply to the markets for professional and amateur sports. Topics will include competition within the industry, wage determination, labor market functions, regulation and market failure. Class will be discussion oriented. Prerequisite: ECON 217. 3 credits.

ECON305. Economics of European Union

The purpose of this course is to study evolution of the European Union from the early post-war years all the way to the recent largest expansion in the EU's history. While covering historical, geographic and cultural aspects of the process of European integration, we will focus primarily on the economic analysis of the present and future challenges in the EU. The scope of this class includes two areas - first, the effects of EU on major world markets; and second, the policy issues and challenges for private enterprises and government policymakers in EU. Prerequisite courses: ECON 217 and ECON 218. 3 credits.

ECON307. Econ Dvlpmt Trans to Free Mkt

This course represents a unified approach to issues that have been traditionally partitioned into two separate subjects, the Economics of Development and Economics Systems. The events of 1989 in Eastern and Southeastern Europe brought political and economic changes, which highlight the fact that the countries undergoing transition from a centrally planned economy to free markets face challenges that are similar to those of the developing countries. That is why we examine the processes of transition together with economics development in a unified context with common basis in methods of analysis and measurement. Prerequisite: ECON 217 and 218. 3 credits.

ECON308. Money and Banking

The function of money as legal tender and the relation of money and credit to prices. Emphasis will be placed on monetary policy, interest rates, and the Federal Reserve System, international applications, and problems of currency exchange. Prerequisites: ECON 217 and 218. 3 credits.

ECON309. Managerial Economics

This course applies to economics to business decision-making. Applied regression analysis, an important empirical tool that is widely used in business and government, will be used to study managerial insights that can be gained from business data. Additional topics include linear programming, forecasting, and business strategies for firms in competitive and monopolistic markets. Prerequisites: ECON 217 and MATH 301. 3 credits.

ECON310. Economic History of the World

This course deals with the international economic history. Main emphasis is on the economic and technical development in the world starting with the industrialization in Europe and the U.S. economic history since the 1770's. The center of interest is the special, rather short, period of world history when in a limited part of the world a development takes place from static, stationary societies to growing economies which gradually have raised GDP per capita far above the traditional subsistence level. Together with the analysis of the main factors of economic growth, the analysis will result in a deep understanding of the role of U.S. as a leader in the world economy. Prerequisites: ECON 217 and ECON 218. 3 credits.

ECON311. Studies Abroad

Primarily intended for transfer of credit earned abroad in courses in economics. 1-18 credits.

ECON312. Studies Abroad

Primarily intended for transfer of credit earned abroad in courses in economics. 1-18 credits.

ECON313. Public Economics

This course addresses the role of government in a market economy. The economic rationale for government intervention in correcting market failures is analyzed, along with regulation and redistribution issues. Emphasis is placed on the evaluation of government policies and programs, as well as potential reforms; for example, health care, drug prohibition, education reform, and farm subsidy programs. Contrast is made between bureaucratic and market solutions. Prerequisites: ECON 217. 3 credits.

ECON314. Envrmtl and Resrc Economics

This course analyzes environmental concerns and the economics of resource use. Specifically, a contrast will be made between governmental solutions to environmental issues and market-based environmental reforms. Issues addressed include: animal extinction and common ownership problems, pollution, water management, global warming/global cooling, and land management. The underlying theme of the course is the ability to use economic theory to develop appropriate incentive structures for the use of economic resources. Prerequisite: ECON 217. 3 credits.

ECON317. Intermediate Microeconomics

Advanced topics in microeconomics supplemented by applications of microeconomic theory to policy and business issues. Theory of the consumer and production will be emphasized. Prerequisite: ECON 217. 3 credits.

ECON318. Intermediate Macroeconomics

Advanced coverage of monetary and fiscal theory and policy with emphasis on money supply and interest rates, national income determination, unemployment, inflation, and international issues. Prerequisites: ECON 217 and 218. 3 credits.

ECON319. International Economics

Analytical approach to gains derived from trade, treatment of various theories of international trade (classical and current). Includes analysis of economic and political influences on exports and imports, foreign exchange rates, concept of elasticity as applied to international trade, balance of payments, significance of foreign trade and investment. Prerequisites: ECON 217 and 218. 3 credits.

ECON401. Econ High Schl Classroom

Teachers will learn basic economic concepts and how to apply them to topics including domestic and global issues such as the environment, international trade, economic reform in Russia, macroeconomic policy, welfare reform, and drug legalization. Classroom activities and social studies SOL's will be addressed. Course taught through the Longwood Center of Economic Education. Not for credit toward the economics major, minor, or concentration. 3 credits.

ECON411. Econ of Labor & Discrmntn

Economic analysis of labor markets, including issues of labor supply and demand, wage determination, unemployment, job search, education, and other human capital investments. Emphasis will be placed on the analysis of data on labor market outcomes relative to ethnicity and gender. Theories of discrimination will be addressed. Policy issues and programs such as minimum wage, comparable worth pay programs, and affirmative action will be discussed. Prerequisite: ECON 217. 3 credits.

ECON413. Intrntl Financial Markets

This course will analyze the key financial markets and instruments that facilitate trade and investment activity on a global scale. The scope of this class includes two area: first, the economics determinants of prices, price changes, and price relationships in the major financial markets; and second, the policy issues that result for private enterprises and government policymakers. Prerequisite: ECON 308 or FINA 350. 3 credits.

ECON414. Econometrics and Forecasting

Introduction to the basic concepts used in economic data analysis. Emphasis is on applications of linear regression techniques to analyze common empirical problems in economics, business, and government. Forecasting techniques that are commonly used by economists will be covered. Students will receive hands-on experience in data collection, computer software, and project design. Prerequisites: ECON 217, 218, and MATH 301; and senior status; or permission of instructor. 3 credits. WR and SP.

ECON416. Thinking Strategically: Game T

Thinking Strategically: Applied Game Theory- This course examines decision-making in an interdependent environment. Often choices are difficult to make because there are other active decision makers whose choices interact with each other. Such situations are known as "games" and this course explores the science behind these games. Knowledge of game theory will give students an advantage in such strategic settings. The course will cover simultaneous and sequential games, games of perfect and incomplete information, and one period and multi-period games. Prerequisite: ECON 217. 3 credits.

ECON417. Econ Growth,Devlpmt,Publ Polic

Patterns of economic growth across countries and over time will be analyzed, and the stylized facts of growth uncovered. Both exogenous and endogenous growth models will be introduced and carefully analyzed, with their public policy implications highlighted. Traditional and current policy issues such as population growth, financial markets, education, technological change & innovation, and trade will be emphasized. This course emphasizes the applicability of growth theories to real world issues. Prerequisites: ECON 217, ECON 218 and MATH 301. 3 credits.

ECON461. Senior Seminar

This course is designed as a seminar for senior level economics students and centers around the development of a semester-long original econometrics project. Technical writing and oral presentations are emphasized. The Senior Exit Examination is administered as part of this course. 3 credits. Prerequisites: Cumulative and Major GPA of 2.33 or greater; ECON 317, 318, 319; a C- or better in ECON 414, and ENGL 319. (ECON 318 and 319 may be taken concurrently with ECON 461.) WR. SP.

ECON490. Independent Study:Economics

This is an individually designed course that allows the student to pursue advanced topics in specific areas of economics. Prerequisites: Senior standing and permission of instructor. 1-3 credits

ECON492. Internship: Economics

An on-the-job learning experience designed to give students an opportunity to apply their technical and professional skills and to observe organizations in action. Prerequisites: Cumulative GPA of 2.33 or greater, 60 credits, declared business or economics major, a declared concentration, MANG 391, and permission of internship director. 2-3 credits per internship placement; limited to a maximum of 6 credits. Fulfills General Education Goal 14.

ECON495. Special Topics

Selected topics in economics. The topics may vary from semester to semester. May be repeated for credit when topics change. 1-3 credits.

ECON498. Honors Research Economics

Students conduct research in economics under the direction of a faculty member and the Senior Honors Research Committee. 3 credits.

ECON499. Honors Research in Economics

Students conduct research in economics under the direction of a faculty member and the Senior Honors Research Committee. 3 credits.