Elements of Economics (ECON105)
Survey of Economic principles for students planning no further formal study of Economics. Analysis of factors influencing aggregate levels of output, employment, and prices; introduction to U.S. monetary system; price determination and resource allocation under competitive and monopolistic conditions. Review of selected contemporary economic issues. ( no credit if economics 201-202, principles of microeconomics and macroeconomics, have been completed or audited. Not available to students in the college of business and public administration.)
Principles of Microeconomics (ECON201)
Open to freshmen. Nature, method, and scope of Economic analysis: economic scarcity, resources, specialization and division of labor, supply and demand, production and cost, technology, product and resource market structures, distribution of income, and international trade.
Prereqs: Math 103 or Math 104 or equivalent
Coreqs: Math 103 or Math 104 or equivalent
Principles of Macroeconomics (ECON202)
Nature, method, and scope of economic analysis: aggregate levels of income and employment, inflation, monetary and fiscal policy, the role of the U.S. economy as part of a world economic system.
Prereqs: Econ 201
Survey of Economic Principles: Micro-Macro (ECON206)
Accelerated course in economic principles intended for students pursuing the MBA graduate degree. This course considers both micro and macro topics. Micro topics include: Economics and Economic Reasoning; The Economic Organization of Society; Supply-Demand Analysis; Elasticity; Individual Choice; Production and Cost Analysis; and Market Structures. Macro topics include: National Income Accounting; Economic Growth, Business Cycles and Inflation; Fiscal Policy; Monetary Economics; Monetary Policy; and the World Economy. On Demand.
Prereqs: consent of instructor
Introduction to Business and Economic Statistics (ECON210)
Descriptive statistics; probability distributions; sampling distributions; statistical inference for means and proportions; hypothesis testing; simple regression and correlation; non-parametric statistics.
Prereqs: Math 103 or 104 or equivalent
Mathematics and Statistics for MBA Students (ECON216)
To provide knowledge in mathematics and statistics needed for students in the MBA program. Topics include, among others, linear and quadratic functions, logarithmic and exponential functions, matrix algebra, limits, derivatives, linear and nonlinear programming, descriptive statistics, data collection, sampling, probability, estimation, hypothesis testing, statistical inference, and linear regression.
Prereqs: approval of MBA director
Money and Banking (ECON303)
Nature of our current Monetary system; functional analysis of commercial bank operations; limits to credit expansion; alternative theories of the value of money; monetary and fiscal policies for control of the business cycle; powers of the Federal Reserve System and the Treasury; mechanics of international payment; balance-of-payments and other problems.
Prereqs: Econ 201 and 202
Principles of Banking (ECON305)
This course introduces the students to basic principles of banking governing loans, investments, deposits, liabilities, and capital. Consideration is given to the areas of liquidity, profitability, and capital adequacy as they relate to regulatory standards. Additional topics include bank organization, performance, and scope of services. Fall
Prereqs: Econ 303
Intermediate Microeconomic Theory (ECON308)
Theory of demand, production and cost; price determination under alternative market structures; general equilibrium and economic welfare; analysis of market failure; applications to public policy. (core requirement for students planning advanced study in Economics) Fall
Prereqs: Econ 201 and 202
Intermediate Macroeconomic Theory and Policy (ECON309)
A framework for studying national income, employment, and the general price level is developed. Theoretical perspectives on the National Income and Product accounts, expenditures in the public and private sectors of the economy, and supply and demand for money, labor and other resources are surveyed. Macroeconomic Theory is then applied to a study of monetary, fiscal, incomes, and other policies intended to influence unemployment, inflation, balance of international financial payments, and economic growth. (Core requirement for students planning advanced study in Economics.) Spring
Prereqs: Econ 201 and Econ 202
Public Finance (ECON324)
Growth and effects of the public sector of the economy emphasizing effects of taxation and spending or borrowing and debt management on efficiency and use of economic resources.
Prereqs: Econ 201 and Econ 202
Business and Economic History (ECON330)
An analysis of the growth and development of the American economy since its colonial origins. The framework of economic analysis applied to the patterns and trends. Specific topics include industrialization, capital accumulations, financial innovation, technological change, banking, the Great Depression and effects of entrepreneurial and government decisions. Fall
Prereqs: Econ 105 or 201 or 202.
International Economics (ECON338)
Economic basis for gain in international trade; capital and population movements; international disequilibrium and the process of balance-of-payments adjustments; tariffs, underdeveloped countries.
Prereqs: Econ 201 and 202.
Labor Economics and Labor Relations (ECON341)
A survey of the nature and causes of the economic problems of the American wage and salary earner and of the attempts of wage earners and society, through organizations and legislation, to alleviate these problems. The course comparatively surveys the history and systematic theories of labor movements and the market and institutional influences on wages and employment. Particular emphasis will be placed on the law of industrial relations, employment and income access, and the djustment of labor disputes. Fall
Prereqs: Econ 202 and 202.
Government Regulation of Business (ECON355)
An exploration of the many ways that federal and state governments regulate business activity. Government regulation falls into three broad ares: economic regulation; social regulation; antitrust laws. The historical development of regulation, from both a legal and economic perspective, will be discussed. Particular attention will be paid to the current trend toward deregulation of previously regulated industries such as airlines, telecommunications, and trucking. Fall
Prereqs: Econ 201 and 202
Global Economic Development (ECON380)
This course focuses on economic development issues at the global level. It covers both developing countries in the conventional sense and economics in transition from socialization to a market economy. In this context development is broadly defined as the transition from one stage of development to another. Selected topics common among these countries (such as determinants of growth, modernization, technology, price liberalization, privatization, macro stabilization, trade policies, legal structure, organized crime, inequality, poverty, human capital, and global sustainability) are discussed to better understand the forces that shape the wealth and well being of nations and people in the world around us. On demand. Arranged
Prereqs: Econ 201 and 202
Special Topics in Economics (ECON395)
Specific topic will vary from year to year; some years an important development in economic theory, other years, a significant issue in economic policy. On demand. Arranged
Prereqs: Econ 201 and 202
Cooperative Education (ECON397)
A practical work experience with an employer closely associated with the student's academic area. Repeatable to 6 credits. S-U grading only.
Prereqs: Permission of departmental Cooperative Education Coodinator to enroll
History of Economic Thought (ECON400)
Broad overview of the major schools of thought including Mercantilist, Physiocrat, Classical, Marxian, Socialist, Historical, Austrian, Neoclassical, Institutional, Keynesian, and Monetarist. The coverage includes value theory, income/expenditure theory, growth/development theory, scientific method, scope and public policy. Spring
Prereqs: Econ 105, Econ 201, Econ 202
Bank Regulation (ECON405)
The regulations imposed upon the banking industry are examined at several levels: state, federal, and global. Both the historical development of banking regulation as well as current issues/controversies are discussed. In addition, the banker's perspective of regulatory compliance is explored. Spring
Prereqs: Econ 303
Current Issues in Macroeconomic Policy (ECON409)
This course focuses on the conduct of macroeconomic policy, especially as it pertains to the operations and functions of the nation's financial system. The two basic tools of macroeconomic policy-monetary policy and fiscal policy-are studied from historical, contemporary, and theoretical perspectives. Emphasis is placed on recent developments in the theory and practice of macroeconomic policy; special emphasis is placed on the role of monetary policy as it affects the operations of financial markets and financial institutions. Spring
Prereqs: Econ 303
Empirical Methods in Economics I (ECON410)
This course is an introduction to econometrics, the joint area of economics and statistics dealing with the application of statistics to economic problems. The course objectives are to acquire a basic understanding of the theory and methods of econometrics and to gain practical experience in utilizing these methods. The students will use the tools developed in the course in homework and written assignments so that they can develop an insight to theory and its application. Fall
Prereqs: Econ 201, 202 and 210
Empirical Methods in Economics II (ECON411)
A continuation of ECON 410, but with a major emphasis on business and economic forecasting. As with ECON 410, there is a heavy emphasis on solving practical problems of the major types common in the economic profession. Spring
Prereqs: Econ 410
Managerial Economics (ECON414)
A synthesis relating economic theory, statistics, and mathematics to pricing, output and resource allocation decisions by business firms. Spring
Prereqs: Econ 210 and 308; Math 146 or equivalent;ISys 217 or equivalent
Mathematics for Economists (ECON416)
Study of mathematical methods in the areas of introductory calculus and linear algebra, and their application to economic analysis. Mathematical analysis of static and dynamic equilibriam models, distribution, production functions, cycles, activity analysis, mathematical programming, and model building. On demand. Arranged
Prereqs: Econ 308 and 309, math 146 or 165
Economic Education (ECON420)
Designed for students planning to teach secondary social studies. Curriculum materials and methods of teaching economics; techniques for integrating economics into social studies curriculum. On demand. Arranged
Prereqs: Econ 105 or equivalent
International Money and Finance (ECON438)
Identification of key international financial concepts and analysis of their relationships in the international money and capital markets; determination of the balance of payments and exchange rates; and examination of alternative organizations of the international monetary system. Fall
Prereqs: Econ 303
Internship (ECON485)
An interniship is designed to provide the student with an opportunity for participating in a supervised work experience directly related to the field of training. Student will work closely with faculty advisor in planning the internship with an approved
Prereqs: Permission of department Committee on Interniships
Senior Honors Thesis (ECON489)
Supervised independent study culminating in a thesis.
Prereqs: Hon 401
Readings in Economics (ECON495)
Extensive reading in the student's field of specialization, conference arranged with the instructor, written reports to be submitted.
Research in Economics (ECON496)
Research work and use of original documents; collecting of material and preparing of special topics and bibliographies; familiarizing the student with government publications and other material available for study of economic problems.
Internship (ECON497)
An internship is designed to provide the student with an opportunity for participating in a supervised work experience directly related to the field of training. Student will work closely with faculty adviser in planning the internship with an approved cooperating institution. S/U grading only.
Prereqs: Permission of Department Committee on Internships.
Advanced Price Theory (ECON504)
Economic theory and methodology; theory of consumer behavior and demand; theory of production and distribution; equilibrium in commodity and factor markets; general equilibrium and welfare; behavior of economic agents in imperfect competition. Particular attention is given to efficiency and equity ramifications of perfectly competitive economic systems. Arranged
Prereqs: Econ 308, Econ 416
Advanced Macroeconomic Theory (ECON505)
Advanced study of macroeconomic theoretical models with particular attention to the analysis of business cycles, income growth, and evaluation of public policies concerned with inflation and unemployment. Arranged
Prereqs: Econ 309, Econ 416
Macroeconomic Decision Making (ECON509)
Examination and utilization of theory and empirical evidence on macroeconomics in the business decision making process will be stressed. Particular emphasis will be placed on inflation, interest rate changes, business taxation and exchange rate movements. Arranged
Prereqs: ECON 202
Applied Econometrics (ECON510)
Matrix methods. Testing of linear hypotheses. Prediction. Collinearity. Diagnostics. Generalized Least Squares. Simultaneous models. Maximum liklihood estimation. Nonlinear models. Quantal response models. Applications of the above topics will be explored with computer-based algorithms. Arranged
Prereqs: Economics 310
Advanced Business and Economic Forecasting (ECON511)
Various time series and regression approaches as well as special topics are covered in conjunction with computer-based assignments. Specification, estimation, and diagnostic techniques are emphasixed for both forecasting and simulation. Arranged
Prereqs: Economics 310
Advanced Managerial Economics (ECON516)
Microeconomic analysis applied to business decision-making. Topics include: the nature and scope of the firm, strategic decisions concerning product line, pricing, entry or exit from specific markets, the internal organization of the firm. Case studies are utilized as a main method of analysis. Arranged
Prereqs: Economics 201, ISys 217 and Math 146, or permission of the instructor.
Applied Economic Analysis I (ECON524)
Studies of economic impact, with emphasis on defined area employment, income, tax base, infrastructure, and business feasibility. Students will be expected to design and complete studies of professional quality using the tools of economic theory and econometrics, including input-output analysis, and gravity/entropy models. Arranged
Prereqs: Econ 410, Econ 411, Econ 416, Econ 505
Coreqs: Econ 505
Seminar in Internation Economics (ECON530)
Topics to be discussed include: Advanced Theory Underlying International Trade, Balance of Payments, International Monetary System. Detailed examination of disequilibria, adjustments and coordination of external and internal monetary and fiscal policies in those areas. Multinational corporations, world trade, New International Economic Order (NEO) and trade. Arranged
Prereqs: Econ 309 and Econ 338 or consent of instructor
Applied Economic Analysis II (ECON534)
Economic theory and econometric methods are applied to typical business problems. Examples include cost estimation, product demand, learning models, scale and size economies, quality change, wage determination and discrimination, investment expenditure, public utility demand, advertising, factor requirements and optimization of factor mix. Spring
Prereqs: Econ 410, Econ 411, Econ 416, Econ 504
Coreqs: Econ 504
Seminar on the Economics of Regulation (ECON550)
Journal articles in regulatory economics will be discussed in a seminar format Key components of the course include: the foundation for utility regulation; determining the cost of capital; the importance of cost and demand fctors in rate design; energy conservation; and alternatives to rate-of-return regulation. Arranged
Prereqs: Econ 308 or Econ 514 or Econ 504, or permission of the instructor.
Advanced Special Topics (ECON575)
Specific area varies from year to year; some years an important aspect of economic theory; other years, a significant issue in economic policy. Arranged
Economic Development: Global, National, and Regional Issues (ECON580)
The first part of this course focuses on growth theories, globalization, economic development and sustainable growth among less developed, developing, and more developed countries as well as countries in transition to market economies. The second part of the course specifically examines economic development for advanced nations, incorporating rural, urban and regional economic analysis. Issues such as rural technology, employment, poverty, housing, transportation, location problems, industrialization, urbanization and sustainable growth in North Dakota and North Central Region are explored. Arranged
Prereqs: Econ 504, Econ 505
Economic Research Internship (ECON597)
MSAE students are required to participate in a research internship unless they have chosen the thesis option. Interns may be assigned to governmental agencies, businesses, community organizations, or partnered with faculty members engaged in research. Arranged
Independent Study (ECON997)
The independent study requires the student to investigate a topic in applied economics and to prepare a formal report satisfactory to the MSAE Program Director. Arranged
Thesis (ECON998)
The thesis is an original research project completed under the supervision of a thesis committee. Arranged
|
