University of Connecticut

Economics (ECON) 2015-2016

Head of Department: Professor Metin Cosgel

Department Office: Room 309, Oak Hall

1000. Essentials of Economics

Three credits. Not open for credit to students who are currently enrolled in or who have passed ECON 1107, 1179, 1200, 1201, or 1202.

A one-semester general introduction to micro- and macroeconomics. Economic concepts include: opportunity costs, demand and supply, incentives, comparative advantage, inflation and employment policies, balance of international payments, and economic growth. CA 2.

1107. Honors Core: Economics, Nature, and the Environment

Three credits.

Impact of nature on societies; effects of geography and climate on economic development and income inequality. Impact of humans on their environment; environmental problems; collapse of societies; sustainable development. CA 2.

1108. Game Theory in the Natural and Social Sciences

Three credits. Not open for credit to students who have passed ECON 2201 or 2202.

Introduction to game theory. Applications in the natural and social sciences and technology may include electric power auctions, evolutionary biology, and elections. CA 2.

1179. Economic Growth and the Environment

Three credits. Not open for credit to students who are currently enrolled in or who have passed ECON 1000, 1107, 1200, 1201, or 1202.

Simple economic concepts and tools and their application to the interactions between growing economies and the environment. Concepts include: supply and demand; models of economic growth; theory of externalities; valuation of natural capital and environmental services; trade theory. CA 2.

1200. Principles of Economics (Intensive)

(Formerly offered as ECON 113.) Four credits. Four class periods. Recommended preparation: ECON 1000. Not open for credit to students who are currently enrolled in or have passed ECON 1201 or 1202.

Same core principles as ECON 1201 and 1202. One half macroeconomics and one half microeconomics. More demanding than ECON 1201 and 1202. Substitutes for ECON 1201 or 1202 as a prerequisite for all junior – senior level courses. May or may not substitute for ECON 1201 and 1202 outside economics; check Catalog. CA 2.

1201. Principles of Microeconomics

Three credits. May be taken before or after ECON 1202. Not open for credit to students who are currently enrolled in or have passed ECON 1200.

How the invisible hand of the market functions through the economic decisions of firms and individuals. How prices, wages and profits are determined, resources are allocated and income is distributed. Topical subjects (e.g., energy policy and health care). CA 2.

1202. Principles of Macroeconomics

Three credits. May be taken before or after ECON 1201. Not open for credit to students who are currently enrolled in or have passed ECON 1200.

The organization and function of the economic system as a total unit. Economic decisions, institutions, and policies that determine levels and rates of growth of production, employment, and prices. Topical subjects (e.g., government budget deficits and current interest-rate policy). CA 2.

1493. Foreign Study

Credits and hours by arrangement. Prerequisite: Consent of Department Head required prior to the student’s departure. May be repeated for credit.

Special topics taken in a foreign study program.

2101. Economic History of Europe

Three credits. Prerequisite: ECON 1200 or both ECON 1201 and 1202 (1201 may be taken concurrently).

Economic evolution of Europe from feudal times to the present, emphasizing the modern period: the rise of commerce, industry, and banking; the growth of population and the labor force; the changing position of agriculture; business fluctuations; and forms of economic organization. CA 1.

2101W. Economic History of Europe

Prerequisite: ECON 1200 or both ECON 1201 and 1202 (1201 may be taken concurrently); ENGL 1010 or 1011 or 2011. CA 1.

2102. Economic History of the United States

Three credits. Prerequisite: ECON 1200 or both ECON 1201 and 1202; ECON 1201 may be taken concurrently.

Issues in American economic development, including the political economy of the Constitution, the economics of slavery, the rise of modern corporations and the causes of the Great Depression. CA 1.

2102W. Economic History of the United States

Prerequisite: ECON 1200 or both ECON 1201 and 1202 (1201 may be taken concurrently); ENGL 1010 or 1011 or 2011. CA 1.

2104. Economic History of the Middle East

Three credits. Prerequisites: ECON 1200 or both ECON 1201 and 1202 (1201 may be taken concurrently).

Economic history of the Middle East, including the organization of rural and urban activity, relationship with Western Europe, and the roles of international trade, foreign capital, petroleum, and institutional structure in economic development. CA 4-INT.

2104W. Economic History of the Middle East

Prerequisites: ECON 1200 or both ECON 1201 and 1202 (1201 may be taken concurrently); ENGL 1010 or 1011 or 2011. CA 4-INT.

2110. History of Economic Thought

Three credits. Prerequisite: ECON 1200 or both ECON 1201 and 1202.

The evolution of economic ideas significant to their own times and to the state of current theory. Mainly nineteenth and twentieth century thinkers.

2110W. History of Economic Thought

Prerequisite: ECON 1200 or both ECON 1201 and 1202; ENGL 1010 or 1011 or 2011.

2126. Philosophy and Economics

Three credits. Prerequisite: ECON 1200 or ECON 1201.

An examination of the normative assumptions and implications of modern economics (for example, the connections between Classical Utilitarianism and Welfare Economics). Attention to methodological controversies in contemporary economic theory.

2127. Beyond Self-Interest

Three credits. Prerequisite: ECON 1200 or 1201.

A contrast to the assumptions, values, methodology, and philosophical underpinnings of mainstream economic analysis. Altruism, role of social norms and culture, importance of work, moral assessment of economic systems, feminist and ecological economics.

2127W. Beyond Self-Interest

Prerequisite: ECON 1200 or 1201; ENGL 1010 or 1011 or 2011.

2198. Topics in Economic History and Thought

Three credits. Prerequisite: ECON 1200 or both ECON 1201 and 1202 or instructor consent. May be repeated for credit, with change in topic.

Special topics in economic history, the history of economic thought, the philosophy and methodology of economics, or alternative economic theories.

2198W. Topics in Economic History and Thought

Prerequisite: ECON 1200 or both ECON 1201 and 1202 or instructor consent; ENGL 1010 or 1011 or 2011.

2201. Intermediate Microeconomic Theory

Three credits. Prerequisite: ECON 1200 or 1201; MATH 1071Q or 1110Q or 1125Q or 1131Q or 1151Q, or 2141Q. Recommended preparation: ECON 1202

Intermediate microeconomic theory, covering demand and supply, exchange and production, pricing, and welfare economics.

2202. Intermediate Macroeconomic Theory

Three credits. Prerequisite: ECON 1200 or 1202. Recommended preparation: ECON 1201 and one of MATH 1071Q, 1110Q, 1131Q or 1151Q.

Intermediate macroeconomic theory, covering national income accounting; the determination of aggregate output, employment and price levels; elements of business cycles and economic growth.

2301. Mathematical Economics

Three credits. Prerequisite: ECON 1200 or both ECON 1201 and 1202; MATH 1071Q or 1110Q or 1131Q.

Application of mathematical techniques to economic problems. Methods studied: set theory, linear algebra, equilibrium analysis, unconstrained and constrained optimization, comparative statics, and linear programming.

2311. Empirical Methods in Economics I

Three credits. Two class periods and one 2-hour laboratory period. Prerequisite: ECON 1200 or both ECON 1201 and 1202; and MATH 1071Q or 1110Q or 1131Q; and STAT 1000Q or 1100Q. A course recommended for all students majoring in economics.

Introduction to the empirical testing of economic theories. Student projects testing simple economic models.

2312W. Empirical Methods in Economics II

Three credits. Prerequisite: ECON 2311; ENGL 1010 or 1011 or 2011.

Analysis of economic time series, estimation of single- and simultaneous-equation economic models, and statistical decision theory.

2326. Operations Research

Three credits. Two 75-minute classes per week. Seven of the classes will be held at the computer lab. Recommended preparation: ECON 1200 or both ECON 1201 and 1202.

Extensive use of computer spreadsheets to find efficient solutions to problems faced by managers in both the public and private sectors. Optimization of input and output mixes, of delivery routes, and communication networks.

2327. Information Technology for Economics

Three credits. Prerequisites: ECON 1200 or both ECON 1201 and 1202; and STAT 1000Q or 1100Q.

The presentation of economic data and testing of economic theory through the use of appropriate computer based tools. Analysis of macroeconomic concepts such as the consumption function, influence of the money supply, budget deficits, and interest rates on macroeconomic equilibrium, and the tradeoff between unemployment and inflation. Analysis of microeconomic concepts such as demand, supply, elasticity, the achievement of equilibrium price and quantity, and analysis of several industries and the stock market. Analysis of historical data such as aggregate and specific price levels, sectoral shifts in the economy, and changes in income distribution.

2328. Applied Regional Analysis: The Connecticut Economy

Three credits. Prerequisite: ECON 1200 or both ECON 1201 and 1202; STAT 1000Q or 1100Q. Recommended preparation: MATH 1070Q.

Methods of regional economic analysis applied to Connecticut. Descriptive statistics, input-output models, economic indexes, linear regression, forecasting and related tools are used to explore labor markets, housing, public policy and other topics.

2328W. Applied Regional Analysis: The Connecticut Economy

Prerequisite: ECON 1200 or both ECON 1201 and 1202; STAT 1000Q or 1100Q; ENGL 1010 or 1011 or 2011. Recommended preparation: MATH 1070Q.

2411. Money and Banking

Three credits. Prerequisite: ECON 1200 or both ECON 1201 and 1202 (1201 may be taken concurrently).

The nature of money, the origins of monetary standards and systems, the development and operation of commercial banking, the Federal Reserve System, and international monetary agencies.

2431. Economics of Taxation and Government Spending

Three credits. Prerequisite: ECON 1200 or 1201. Recommended preparation for students who have completed ECON 1201: ECON 1202.

Critical issues in taxation and government expenditures. Emphasis on institutions and public policy. Topics include: rationale for and effects of progressive taxation, reform of the tax system, Social Security and Medicare, welfare reform, defense, and fiscal federalism.

2439. Urban Development and Policy

Three credits. Prerequisite: ECON 1200 or 1201.

Education, housing, anti-poverty, economic development, and transportation policies for American cities and metropolitan areas. Emphasis on different roles of policies that act upon people versus places. Analysis tools for regional economic development such as input-output matrices and cost-benefit analysis.

2440. Economics of the Global Economy

Three credits. Prerequisites: ECON 1200 or both ECON 1201 and 1202.

Analysis of economic integration in the global economy with emphasis on the position of the USA. Several specialist areas of economic thought brought to bear – economic history, economics of the multinational enterprise, international trade, international finance, labor economics, environmental economics, and economics of the internet. Institutional historical, and political economy approaches are emphasized.

2441. Labor Economics

(Formerly offered as ECON 274.) Three credits. Prerequisite: ECON 1201 or 1200. Recommended preparation: ECON 2201.

Economics of labor: human capital theory, discrimination, unemployment, manpower policy, and trade unions.

2441W. Labor Economics

(Formerly offered as ECON 274W.) Prerequisite: ECON 1201 or 1200; ENGL 1010 or 1011 or 2011. Recommended preparation: ECON 2201.

2444. Women and Minorities in the Labor Market

(Formerly offered as ECON 279.) Three credits. Prerequisite: ECON 1200 or both ECON 1201 and 1202.

Issues and problems confronting women and minorities in the workplace, using economic theory, institutional analysis, and empirical investigation. Historical background, allocation of time, discrimination, earnings determination, occupational structure, labor unions, and public policy.

2456. Economics of Poverty

(Formerly offered as ECON 257.) Three credits. Prerequisite: ECON 1200 or both ECON 1201 and 1202.

Analysis of poverty and income maintenance programs: theories of income distribution and comparison of public policies in the U.S. and other countries.

2462. Government and Industry

(Formerly offered as ECON 264.) Three credits. Prerequisite: ECON 1201 or 1200.

Relations between government and business. Public policies enforcing, supplementing, or replacing competition in particular markets, studies of selected industries and legal cases.

2467. Economics of the Oceans

(Also offered as MAST 2467.) Three credits. Prerequisite: ECON 1200 or 1201.

Economies of industries that use and manage ocean resources. Applications of industrial organization, law and economics, natural resource theory, and environmental economics.

2477. Transitional Economies of Russia and Eastern Europe

(Formerly offered as ECON 244.) Three credits. Prerequisite: ECON 1200 or both ECON 1201 and 1202.

Economic transition of these formerly socialist economies into capitalist, market economies. Comparison of centrally planned and market economies. Problems of macroeconomic imbalance, economic distortions, shortages and repressed inflation. Means and timing of price liberalization, privatization, restructuring, currency convertibility, and building legal and financial institutions.

2481. Internship – Field Study

(Formerly offered as ECON 3481.) Variable credit to a maximum of 6 credits. May be repeated for credit to a maximum of 15 credits. Hours by arrangement. Prerequisite: Instructor consent required; students must have: nine credits of 2000-level or above economics courses (six of which may be concurrent); students must be at least 6th-semester and have a minimum GPA of 2.25 or a minimum of 2.5 in economics courses at the 2000-level or above; students must secure a satisfactory intern position before the end of the second week of the semester of enrollment in this course; they should begin consultation with the instructor several months in advance. Does not count toward the economics major. Students taking this course will be assigned a final grade of S (satisfactory) or U (unsatisfactory).

Supervised field work, relevant to some area of economics, with a business firm, government agency or non-profit organization. Evaluation by the field supervisor and by the instructor (based on a detailed written report submitted by the student).

2491. Internship – Research Paper

(Formerly offered as ECON 3491.) One credit. Hours by arrangement. Prerequisite: Instructor consent required; students must have: nine credits of 2000-level or above economics courses (six of which may be concurrent); students must be at least 6th-semester; have a minimum GPA of 2.25 or a minimum of 2.5 in economics courses at the 2000-level or above.

Research paper of 3,000-4,000 words on approved topic related to the internship field study.

2491W. Internship – Research Paper

(Formerly offered as ECON 3491W.) One credit. Prerequisite: ENGL 1010 or 1011 or 2011.

2493. Foreign Study

Credits and hours by arrangement. Prerequisite: Consent of Department Head required, prior to the student’s departure. May count toward the major with consent of the advisor. May be repeated for credit.

Special topics taken in a foreign study program.

2495. Special Topics

Credits and hours by arrangement. With a change in topic, this course may be repeated for credit. Prerequisites and recommended preparation vary.

2498. Variable Topics

Three credits. With a change in topic, may be repeated for credit. Prerequisites and recommended preparation vary.

2499. Independent Study

Credits and hours by arrangement. Prerequisite: Open only with consent of instructor. With a change of topic, may be repeated for credit. No more than 6 credits in ECON 2499/3499 may be counted toward major requirements.

Tutorial course to enable qualified students to round out their training in economics. Independent reading conferences and short research papers.

2500W. Writing in Economics

One credit. Prerequisite: ECON 1200 or both ECON 1201 and 1202; ENGL 1010 or 1011 or 2011.

Techniques for, and practice in, research, writing, citation, and data presentation in economics.

3128. Economic and Social Human Rights

Three credits. Prerequisite: ECON 2201 or 2202.

Conceptual bases, types, measurement, and policy applications of economic and social human rights.

3208. Game Theory

Three credits. Prerequisite: ECON 2201. Open to juniors or higher.

Analysis of economic situations as games. Nash equilibrium, backward induction, auctions, commitment, credibility, and asymmetric information.

3313. Elementary Economic Forecasting

Three credits. Prerequisites: ECON 2202 and STAT 1000Q or STAT 1100Q; open to juniors or higher. Recommended preparation: ECON 2311.

Economic forecasting for macroeconomics and financial economics. Econometric analysis of time-series data.

3416. Special Problems in Money and Banking

(Formerly offered as ECON 231.) Three credits. Prerequisites: ECON 2202 and 2411. Recommended preparation: One of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

Emphasis on public policy: commercial bank regulations; the relation of liquidity to economic fluctuations; government lending agencies; and central bank policies and credit control.

3421. International Trade

Three credits. Prerequisite: ECON 2201. Recommended preparation: ECON 1200 or 1202 and one of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

Economic basis of international trade, trade policies, and international economic organizations.

3421W. International Trade

Prerequisite: ECON 2201; ENGL 1010 or 1011 or 2011. Recommended preparation: ECON 1200 or 1202 and one of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

3422. International Finance

Three credits. Prerequisite: ECON 2202. Recommended preparation: ECON 1200 or 1201 and one of: MATH 1071Q, 1131Q, or 1151Q.

Payments and financing of international trade: foreign exchange markets, the balance of payments, capital flows, and international monetary arrangements.

3431. Public Finance

Three credits. Prerequisite: ECON 2201; Recommended preparation: ECON 1200 or 1202 and one of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

Government expenditures and tax policies: theories of public choice, size and mix of government budgets, alternative tax systems, and tax reform.

3431W. Public Finance

Prerequisite: ECON 2201; ENGL 1010 or 1011 or 2011. Recommended preparation: ECON 1200 or 1202 and one of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

3438. Contemporary Problems in Economics

Three credits. Prerequisites: ECON 2201 and 2202 (one of which may be taken concurrently). Recommended preparation: One of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

Current issues of government economic policy, primarily microeconomic: energy, income maintenance, labor markets for minorities and women, government regulation, health care, and others.

3438W. Contemporary Problems in Economics

Three credits. Prerequisites: ECON 2201 and 2202 (one of which may be taken concurrently); ENGL 1010 or 1011 or 2011. Recommended preparation: One of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

3439. Urban and Regional Economics

(Also offered as URBN 3439.) Three credits. Prerequisite: ECON 2201. Recommended preparation: ECON 1200 or 1202 and one of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

Economic problems of cities and regions: urban markets for land, labor, and housing; location decisions of businesses and households; metropolitan transportation problems; urban/suburban fiscal relations; urban and regional environmental quality; and the economics of crime.

3439W. Urban and Regional Economics

Prerequisite: ECON 2201; ENGL 1010 or 1011 or 2011. Recommended preparation: ECON 1200 or 1202 and one of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

3441. Theory of Labor Markets

Three credits. Prerequisite: ECON 2201. Recommended preparation: One of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

Theoretical analysis of labor markets: labor supply and demand; wage differentials; human capital; and the inflation-unemployment tradeoff.

3451. Health Economics

Three credits. Prerequisite: ECON 2201. Recommended preparation: One of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

Economic analysis of the health sector: organization and performance of health care delivery systems; economic behavior of patients and providers; markets for health services; health-care finance and insurance; health-care policy; and cost-benefit analysis of health-care programs.

3461. Organization of Industry

Three credits. Prerequisite: ECON 2201. Recommended preparation: One of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

The nature of competition and economic organization. Competitive effects of business practices, and their influence on price, production, and technological change.

3466. Environmental Economics

Three credits. Prerequisite: ECON 2201.

Application of economic reasoning to environmental issues. Topics include air and water pollution and the management of natural resources; market failure and environmental regulation; market-based mechanisms; cost-benefit analysis, environmental valuation, and program evaluation; environmental justice from an economic perspective.

3468. Economics of the Law

Three credits. Prerequisite: ECON 2201. Recommended preparation: One of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

The law as an economic institution. Primary focus on the Common Law, property, tort, and contract. Applications to pollution control, land-use, hazardous wastes, product liability, and worker safety. Ethical as well as economic approaches to the law.

3473. Economic Development

Three credits. Prerequisite: ECON 1200 or 1202; 2201. Recommended preparation: One of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

Economics of problems facing developing nations: theories of development, and strategies and policies to promote economic development.

3473W. Economic Development

Prerequisite: ECON 1200 or 1202; 2201; ENGL 1010 or 1011 or 2011. Recommended preparation: One of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

3479. Economic Growth

Three credits. Prerequisite: ECON 2202.

Causes and consequences of economic growth examined through theory, data, and economic history. Interactions between economic growth and population growth, technology, education, health and life expectancy, and social institutions. Public policies to promote growth.

3479W. Economic Growth

Three credits. Prerequisites: ECON 2202; ENGL 1010 or 1011 or 2011.

3493. Foreign Study

Credits and hours by arrangement. Prerequisite: ECON 2201 and 2202 or equivalent; consent of Department Head required, prior to the student’s departure. May count toward the major with consent of the advisor. May be repeated for credit.

Special topics taken in a foreign study program.

3495. Special Topics

Credits and hours by arrangement. Prerequisite: ECON 2201 and 2202. Recommended preparation varies. With a change in topic, this course may be repeated for credit.

3498. Variable Topics

Three credits. Prerequisite: ECON 2201 and 2202. Recommended preparation varies. With a change in topic, may be repeated for credit.

3499. Independent Study

Credits and hours by arrangement. Prerequisite: ECON 2201 and 2202; open only with consent of instructor. No more than 6 credits in ECON 2499/3499 may be counted toward major requirements. With a change of topic, may be repeated for credit.

Tutorial course to enable qualified students to round out their training in economics. Independent reading conferences and short research papers.

4206. Mechanism Design

Three credits. Prerequisite: ECON 2201.

Designing incentives to encourage an intended result. Applications may include public goods provision; two-sided matching, as in labor and marriage markets; and peer evaluation of performance.

4494W. Seminar in Economics

Three credits. Prerequisites: ECON 2201 and 2202 (one of which may be concurrent); ENGL 1010 or 1011 or 2011. Recommended preparation: One of: MATH 1071Q, 1110Q, 1131Q, or 1151Q.

Special topics in micro – and macroeconomic theory, applications, and testing. Recommended for capable students who are motivated to develop and extend their knowledge of economics in creative ways. Required for Honors Scholars in Economics and Economics Scholars.

4497W. Senior Thesis in Economics

Three credits. Hours by arrangement. Prerequisite: ECON 4494W or consent of the Department Honors Advisor; ENGL 1010 or 1011 or 2011; open only with consent of instructor.

The student should define a general subject area for the thesis before choosing a thesis advisor and seeking consent at the time of registration. The student should then submit a written proposal for the senior thesis to the advisor by the end of the semester preceding enrollment for thesis credit.

 

Back to top