ECON 1113
(S)The Economics of Social Issues.
Issues-oriented approach. Basic economic principles introduced and developed through study of important social issues: for example, inflation, unemployment, poverty, discrimination, crime, population growth and environmental quality. Develops the economist's approach to social problems, and evaluates the contribution of economics to their solution. No credit for students with prior credit in 2103 or 2203. No general education credit for students also taking 2103 or AGEC 1114.
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ECON 2103
(S)Introduction to Microeconomics.
Prerequisite: 15 credit hours. Goals, incentives and outcomes of economic behavior with applications and illustrations from current social issues: operation of markets for goods, services and factors of production; the behavior of firms and industries in different types of competition; income distribution; and international exchange. No general education credit for students also taking 1113 or AGEC 1114.
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ECON 2203
Introduction to Macroeconomics.
Prerequisite: 2103 or AGEC 1114. The functioning and current problems of the aggregate economy: determination and analysis of national income, employment, inflation and stabilization; monetary and fiscal policy; and aspects of international interdependence.
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ECON 3010
Special Topics in Economics. 1-3 credits, maximum 9.
Prerequisites: 2203, prior approval of instructor. Analysis of a contemporary topic in economics. Course content will vary to reflect changing social issues and trends in applied economics.
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ECON 3023
Managerial Economics.
Prerequisite: 2103. Application of economic theory and methodology to decision problems of private industry, nonprofit institutions and government agencies; demand and cost analysis, forecasting, pricing and investment.
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ECON 3113
Intermediate Microeconomics.
Prerequisite: 2103. How the market system organizes economic activity and an evaluation of its performance. Principles of price theory developed and applied to the interactions of consumers, producers and resource owners in markets characterized by different degrees of competition.
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ECON 3123
Intermediate Macroeconomics.
Prerequisite: 2203. Development of a theoretical framework for studying the determinants of national income, employment and general price level. National income accounting, consumption, investment, government spending and taxation, the supply of and demand for money. Monetary, fiscal and incomes policies considered with regard to unemployment, inflation and economic growth.
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ECON 3213
Game Theory and Experimental Economics.
Prerequisite: three credit hours in economics. The fundamentals of strategic actions presented in a game theory context and the validation of these ideas with economic experiments.
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ECON 3313
Money and Banking.
Prerequisite: 2203. The economics of money and banking. Operations of commercial banks and structure and competition of the banking industry. Organization and operation of the Federal Reserve System and its effects on interest rates, employment and prices. An introduction to monetary economics and international banking concludes the course.
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ECON 3423
(S)Public Finance.
Prerequisite: 3 credit hours in economics. The economics of the government sector. Scope of government activity, efficiency in government expenditures, federal budget, fiscal and debt management policy. Principles of taxation. Major tax sources, tax distribution, tax issues. Current public finance problems such as revenue sharing, negative income tax, urban transport systems and national health insurance.
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ECON 3513
(S)Labor Economics and Labor Problems.
Prerequisite: 3 credit hours in economics. Economic analysis of contemporary labor market problems and survey of US unionism. The labor force, education and training. discrimination, inflation and unemployment theories of the labor movement, economic impact of unions and public policy toward labor.
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ECON 3523
(S)Economics of Health Care and Social Security.
Prerequisite: 3 credit hours in economics. Examination of the long-run budget problems created by an aging society and evaluation of policies designed to solve them, with a focus on Medicare, Medicaid, and Social Security.
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ECON 3613
(I,S)International Economic Relations.
Prerequisite: 3 credit hours in economics. International trade and finance; international economic organizations; the foreign economic policy of the US
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ECON 3713
(S)Government and Business.
Prerequisite: 3 credit hours in economics. Methods of measuring the extent of monopoly power in American industries and ways of evaluating the effects of this power on consumer welfare. US antitrust laws, their enforcement and landmark court decisions under these laws.
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ECON 3723
The Economics of Sport.
Prerequisite: 2103. Using economic analysis to understand the world of professional and amateur sport. Emphasis will be on economic decision making relevant to the teams, leagues, and institutions in the world of sport.
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ECON 3813*
Development of Economic Thought.
Prerequisite: 3 credit hours in economics. The ideas of great economists with emphasis upon economic concepts and systems of thought in relation to social, ethical and political ideas under evolving historical conditions.
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ECON 3823
(S)American Economic History.
Economic development and economic forces in American history; emphasis upon industrialization and its impact upon our economic society since the Civil War. Same course as HIST 4513.
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ECON 3903
(S)Economics of Energy and the Environment.
Prerequisite: 2103. Issues related to the development and use of energy resources, and the management of the natural environment.
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ECON 4213
Econometric Methods.
Prerequisites: 2203, STAT 3013 or 4013. Basic quantitative methods used in economic analysis emphasizing applications to economic problems and interpretation of empirical results. Statistical analyses, regression and forecasting techniques using computer programs.
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ECON 4223*
Business and Economic Forecasting.
Prerequisites: 2203; STAT 3013 or 4013. Forecasting business and economic variables. Regression models and time series models such as exponential smoothing models, seasonal models, and Box-Jenkins models. Evaluation of methods and forecasting accuracy. Application of methods using computer programs.
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ECON 4643
(I,S)International Economic Development.
Prerequisite: 3 credit hours in economics. Problems of underdeveloped economics related to the world economy; obstacles to economic growth and policies for promoting growth.
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ECON 4713*
Economics of Industries.
Prerequisite: 2103. Industrial organization of major U.S. industries. The structure-conduct-performance paradigm is used to evaluate how costs and concentration interact with pricing, marketing and R&D decisions to affect industry profitability, technological progress, and the efficient allocation of resources. Case studies included.
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ECON 4723*
Economic Analysis of Law.
Prerequisite: 3 credit hours in economics. Use of economic analysis to explain why certain laws exist and to evaluate the effects of various alternative rules of law on economic efficiency and behavior. Emphasis on the economics of the common law areas of property, contracts, and torts. Also, products liability, crime and punishment, distributive justice, and discrimination.
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ECON 4823
Comparative Economic Systems.
Prerequisite: 2203. Comparative analysis of the economic theory and institutions of capitalism, socialism, and mixed systems.
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ECON 4913*
Urban and Regional Economics.
Prerequisite: three hours economics. Urban and regional economics; the spatial aspects of poverty, land use, the urban environment and rural industrial development.
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ECON 4993
Economics Honors Thesis.
Prerequisites: departmental invitation, senior standing, Honors Program participation. A guided reading and research program ending with an honors thesis under the direction of a faculty member, with second faculty reader and oral examination. Required for graduation with departmental honors in economics.
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LSB 1113
Law in Society.
Forms and types of law and their evolution, including antitrust, ecology, consumerism and civil rights. Political, social and economic forces affecting legal developments. Legal needs of society and the probable future direction of the law.
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LSB 3010
Special Topics in Legal Studies in Business. 1-3 credits, maximum 6.
Prerequisites: 3213, prior consent of instructor. Analysis of a contemporary topic in business law. Changing social issues and trends in legal studies in business.
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LSB 3213
Legal and Regulatory Environment of Business.
Prerequisite: junior standing. General concepts regarding the nature of the legal system, ethical issues in business decision making, dispute resolution processes, basic constitutional limitations on the power of government to regulate business activity, the nature of government regulation, fundamental principles of tort and contract law.
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LSB 3323
Law of Commercial Transactions and Debtor-Creditor Relationships.
Prerequisite: 3213. Concentrated study of law relating to certain commercial transactions and debtor/creditor relationships. Includes law of sales, negotiable instruments, secured transactions, suretyship and bankruptcy.
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LSB 4413*
Law of Business Organizations.
Prerequisite: 3213. General principles of law relating to the formation, operation and termination of various forms of business organizations. Includes a study of the law of agency, partnerships and corporations.
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LSB 4423*
Employment Law.
Prerequisite: 3213 or equivalent. Legal foundations of employment in the United States. Contemporary topics relating to the employment environment such as state legislative and judicial limitations on employment at will doctrine, federal legislation relating to equal employment opportunity and affirmative action, fair labor standards, safety in the work place and state workers compensation laws.
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LSB 4523*
Law of Real Property.
Prerequisite: 3213 or equivalent. Nature of real property and of the legal transactions relating thereto. Topics may include deeds and conveyancing, landlord-tenant relationships, mortgages, easements, oil and gas interests, types of estates, joint ownership, and legal descriptions.
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LSB 4633*
(I)Legal Aspects of International Business Transactions.
Prerequisite: 3213 or equivalent. Legal aspects of operating a business entity engaged in international commerce. Topics may include: foreign business organizations, United States taxation of foreign investors, common clauses in transnational contracts, problems of technology transfer on the international market, anti-trust aspects of international business, and jurisdictional problems in resolving disputes.
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ECLS Degree Programs 
