Indiana University Northwest

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Undergraduate Studies 2008-2010

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Economics (ECON)

ECON E103 Introduction to Microeconomics (3 cr.) P: MATH M007 or equivalent proficiency. Introduction to economic analysis. Resource allocation in market and nonmarket economics. Behavior of consumers, firms, and industries. Policy issues such as regulation of business, collective bargaining, and environmental protection. (Fall, Spring, Summer)

ECON E104 Introduction to Macroeconomics (3 cr.) P: MATH M007 or equivalent proficiency. Introduction to aggregate economic analysis. National income and production, unemployment and inflation, international trade, and economic growth. Use of fiscal and monetary policy to control the economy. (Fall, Spring, Summer)

ECON E270 Introduction to Statistical Theory for Economics and Business (3 cr.) P: MATH M118. Basic statistical methods. Descriptive statistics, probability estimation, hypothesis testing, and regression analysis. (Fall, Spring, Summer)

ECON E321 Intermediate Microeconomic Theory (3 cr.) P: ECON E103, ECON E104. Microeconomics: the theory of demand; theory of production; pricing under conditions of competition and monopoly; allocation and pricing of resources; partial and general equilibrium theory; welfare economics.

ECON E322 Theory of Income and Employment (3 cr.) P: ECON E103, ECON E104. Macroeconomics: national income accounting; theory of income, employment, and price level. Counter-cyclical and other public policy measures.

ECON E323 Urban Economics (3 cr.) P: ECON E103, ECON E104. Economic analysis of cities and regions. Growth and structure of cities. Location decisions by businesses. Topics such as transportation, housing, local public services, poverty, and pollution.

ECON E330 International Finance (3 cr.) P: ECON E103, ECON E104. Theory and determination of foreign exchange rates, mechanisms of adjustment to balance of payments disturbance, fixed versus flexible exchange rates. Monetary aspects of the adjustment mechanism. International mobility of short-term capital. International reserve supply mechanism and proposals for reform of the international monetary system.

ECON E340 Introduction to Labor Economics (3 cr.) P: ECON E103, ECON E104. Economic problems of the wage earner in modern society; structure, policies, and problems of labor organization; employer and governmental policies affecting labor relations.

ECON E350 Money and Banking (3 cr.) P: ECON E103, ECON E104. Monetary and banking system of the United States, including problems of money and prices, proper organization, functioning of commercial banking and Federal Reserve systems, monetary standards, and credit control. Recent monetary and banking trends. (Occasionally)

ECON E360 Public Finance: Survey (3 cr.) P: ECON E103, ECON E104. Major elements of taxation and public expenditures.

ECON E406 Advanced Undergraduate Seminar in Economics (2-4 cr.; 4 cr. max.) Open to juniors and seniors only by special permission; preference given to superior students. Discussion of contemporary economic problems. Tutorial sections limited to 12 students each.

ECON E408 Undergraduate Readings in Economics (3 cr. max.) P: consent of instructor and dean two weeks prior to enrollment. Individual readings and research. Restricted to junior and senior business majors or majors in economics.

ECON E430 International Economics (3 cr.) P: BUS G300 or ECON E321 or consent of instructor. Gains from trade, relation between factor rentals and goods prices, distributional effects of trade, tariff policy and quantitative interferences, trade problems of developing countries, discrimination and customs unions, balance-of-payments adjustment via prices and incomes, exchange rate policy, role of international reserves.

ECON E445 Collective Bargaining: Practice and Problems (3 cr.) P: ECON E340 or consent of instructor. Economic analysis of problems resulting from legislative and judicial efforts to determine rights, duties, and responsibilities of labor unions and employers. Development and current position of public policy in labor relations.

ECON E446 Public Policy in Labor Relations (3 cr.) P: ECON E340 or consent of instructor. Current labor relations law as contained in the Wagner, Taft-Hartley, and Landrum-Griffin Acts; National Labor Relations Board and court decisions.

ECON E447 Economics of the Labor Market (3 cr.) P: ECON E103, ECON E104. Analysis of the functioning of the U.S. labor market. Labor force concepts, unemployment, mobility, wages, and current manpower problems and policies. Analysis of wage determination, wage policy, and their interaction with institutional factors.