An introduction to basic economic institutions and principles of economics for non-business and non-economics majors. The primary objective of the course is to provide a framework of economic approaches useful in the analysis of social problems. Topics include poverty, economic systems, crime, pollution, health, discrimination, unemployment, inflation, and the role of government in the economy.
An analysis of policies which affect environmental resources. Emphasis on economic analysis of renewable and nonrenewable resources and public policy. Applications include land use, such as forests and wilderness areas, and pollution control, such as hazardous waste and air/water quality. This course encourages students to study the management of local natural resources.
A critical study of the growth and development of American Society and its institutions.
The application of economic concepts to the analysis of scarcity of individual, firm, and organizational behavior. Topic coverage includes the theories of how consumers and firms make choices, and how various rules guide their respective decisions. The course also explores the theory of market structures, such as perfect and imperfect competition, as well as monopoly. Prerequisites: MATH QL1050 with a "C" or higher grade (or CR if taken on a CR/NC basis).
The application of economic concepts to the analysis of national income and employment, economic fluctuations, inflation, fiscal and monetary policies, economic growth, and the global economy. This course analyzes various economic policies, and how they affect economic fluctuations and foster economic growth. Prerequisites: MATH QL1050 with a "C" or higher grade (or CR if taken on a CR/NC basis), ECON SS2010.
Consult the semester class schedule for the current offering under this number. The specific title and credit authorized will appear on the student transcript.
See John B. Goddard School of Business & Economics Registration Restrictions before registering for courses numbered 3000 and above.
This course uses the tools of differential calculus and regression theory to analyze the managerial decisions of individual firms. Prerequisites: MATH QL1050, QUAN SI2600, QUAN SI3610.
This course covers the major concepts and contributions of the scholars of the past in economic doctrine and interpretations. Prerequisites: ECON SS2010, SS2020.
An introduction to the pure theory of trade, international trade agreements and negotiations (e.g., GATT, EU and NAFTA) and the institutions designed to encourage trade. Emphasis on the benefits of free trade as well as the reasons for the existence of trade barriers such as tariffs and quotas. Special topics include trade in agricultural products and international labor migration. Prerequisites: ECON SS2010, SS2020.
Applications of the principle of economics to the international monetary system. Special emphasis on the way in which international monetary institutions can facilitate trade. Macroeconomic models of an open economy are used to examine the effect that international trade and financial ties have on the domestic economy. Special topics include institutions such as the World Bank and the IMF, along with regional monetary unification in Europe. Prerequisites: ECON SS2010, SS2020.
This course studies the globalization of financial markets and the environment in which international finance takes place, e.g., the international monetary system. With this background, a global financial strategy design for corporations will be discussed. This course is taught at Fachhochschule Hof, Germany during each fall semester. Students enrolled in this course have to participate in the Study Abroad Program (Contact: Doris Geide-Stevenson, ext. 7634, DGSTEVEN@Weber.edu).
This course presents a detailed description and economic analysis of the U.S. financial system which includes the banking industry, bond and stock markets, and the Federal Reserve system. This course serves as an extension to the material covered in an introductory macroeconomics course. The enhanced understanding of the workings of the financial system, including the determination of interest rates, will be used to trace out the channels of monetary policy as conducted by the Federal Reserve and the effect of monetary policy on financial markets, such as the stock market. Prerequisite: ECON SS2020.
The study of labor economics explores choices made by the two sides of the labor market, employers and workers and how these choices interact in determining wage and employment levels. Hence, an important part of the course consists of a detailed analysis of labor demand and supply. This analysis is followed by a discussion of why the labor market often does not clear, i.e., why we observe unemployment. The analysis focuses on special features of the labor market such as minimum wage, labor unions and efficiency wages. Other topics include the effect of education and training on earnings, the optimal incentive structure of an employment contract and determinants of income inequality. Prerequisite: ECON SS2010.
Applications of the principles of economics to the analysis of the economic status of women in the U.S. and elsewhere. The focus is on labor markets, income differentials, the tax system and household work. Special consideration is given to women in developing economies. Prerequisite: ECON SS2010.
The application of economic concepts to individual and firm behavior, consumer behavior, demand analysis, economics of the firm, and price theory. Prerequisites: ECON SS2010, SS2020.
The building of standard models to test theories of long-run economic performance and short-term fluctuations in closed and open economies. Emphasis is placed on how fiscal and monetary policies encourage long-run growth while mitigating the negative effects of short-term fluctuations. Prerequisites: ECON SS2010, ECON SS2020, QUAN 2400 or ECON 3030.
The application of economic principles to the challenging problems of third world and developing nations including Africa, Asia, Latin America and the newly independent states of the Former Soviet Union and Eastern Europe. Prerequisites: ECON SS2010, SS2020.
The theory and performance of firms and industries in the context of substantial market power and market regulation. Emphasis on oligopoly, game theory, and theory of markets within the context of global market competition. Prerequisites: QUAN SI2400 or ECON 3030, ECON SS2010.
This course covers the aspects of economic policy that arise in the operations of a public budget. Topics addressed include economic theories of bureaucracy, public expenditures, and taxation. Prerequisites: ECON SS2010, SS2020.
Advanced Regression Analysis. Topics include ordinary least squares, generalized least squares, nonlinear regression, dummy variables, autocorrelation, heteroskedasticity, and serial correlation. Computers used extensively. Prerequisites: ECON SS2010, ECON SS2020, QUAN SI2400 or ECON 3030, QUAN SI3610.
Advanced application of mathematical modeling techniques to selected economic issues. Prerequisites: ECON 4010, ECON 4020, QUAN SI3610, QUAN SI2400 or ECON 3030.
Individual work or work in small groups, by arrangement, in special topics not included in the announced course offerings. Prerequisites: QUAN SI3610 and approval of instructor.
Experimental or one-time courses designed to fill a need in the community or investigate interesting and unusual topics. Prerequisites: ECON SS2010, ECON SS2020.
Consult the semester class schedule for the current offering under this number. The specific title and credit authorized will appear on the student transcript.
A course designed for senior economics majors which requires the completion of an extensive thesis project. This course will focus on the formulation of hypotheses, review of relevant literature, and either theoretical or empirical analysis. Prerequisites: Senior standing and department approval.
The following are service courses which are designed for major and minor programs in the John B. Goddard School of Business & Economics.
Emphasis on applications of quantitative tools to problems in business. Topics include profit maximization, cost functions, demand analysis, and output maximization with budget constraints and resource allocation. Prerequisite: MATH QL1050 with a "C" or higher grade (or CR if taken on a CR/NC basis) or equivalent as determined by the Math Department.
Introduction to concepts and applications of statistics in business and economics. Topics include summary statistics, probability distributions of random variables, sampling, and estimation. Class will include use of computers. Prerequisite: MATH QL1050 with a "C" or higher grade (or CR if taken on a CR/NC basis) or equivalent as determined by the Math Department.
Continuation of QUAN SI2600. Topics include test of hypotheses, correlation, time series, and multiple regression analysis with specific application to problems in business and economics. Computers will be used extensively in regression analysis. Prerequisite: ECON 2010, ACTG 2010, QUAN SI2600, IST 2010).
Weber State University 2007-2008 Catalog