Economics
(ECO)
College of Business Administration
Department Chair: Michael Haupert
413 Wimberly Hall, 608-785-8099
Professors: Anderson, D.,
Clark, Haupert, Khandker, Nyatepe-Coo, Sherony; Associate Professor: Knowles;
Assistant Professors: Brooks,
Giddings.
Credit by examination: The
economics department awards advance placement and/or credit by examination
in economics 110 and 120. Each examination will consist of multiple choice
items. Information about examinations is available through the department
chair’s office.
Honors Program in Economics
I. Admission
A. Junior Standing
B. 12 credits in the major
C. Filing a statement of intent with the department
chair
D. 3.25 cumulative grade point average in the major
E. Recommendation by two faculty members in the major
II. Program
A. Completion of the regular major program
B. ECO 474: Economics Forum (Honors Seminar) — 3
credits
C. ECO 499: Independent Study (Honors Paper) — 1
credit
III. Evaluation
A. A cumulative 3.50 grade point average in the major
at graduation
B. Distinguished performance on a paper or project
developed in ECO 499
C. Presentation of the paper or project to a
colloquium of faculty and other honors students.
Economics Major
(College of Business Administration) —
21 credits in courses numbered 300 or above including
ECO 305 and 308 and 15 credits of electives. Of the elective credits, three
may be from any course in the College of Business Administration. The
remainder must be course work offered by the Economics Department. (Courses
taken to satisfy the major must be in addition to any courses taken to meet
the College of Business Administration core requirements.)
Economics Major
(All colleges excluding Business Administration and
Teacher Certification programs) — 33 credits, including ECO 110, 120,
305, 308, a research methods course from BUS 230, ECO 307, MTH 305, POL
361, PSY 420, or SOC 350 (MTH 145 is required) and 18 credits of electives.
At least 12 credits of these electives must be taken in economics courses.
Up to six credits of electives may be taken from MTH 207, 208, 309, 341; POL
211, 313, 330, 353; and any course numbered 200 or greater offered by a
department in the College of Business Administration. College of Business
Administration students may also select this as a second major by meeting
the above requirements.
Economics Minor
(All colleges) — 18 credits, including ECO
110, 120, and 12 credits of electives in courses numbered 300 or above in
economics. Education students are also required to take GEO 200, EFN 200
and C-I 381 in addition to the credits for the minor.
Social Studies Major
(Middle/Secondary Education) —
See description of this major on p. 71.
+ above a course number indicates a General Education course.
+
ECO 110 Cr. 3
Microeconomics and Public Policy Introduction to microeconomic principles and their application to
decision making by individuals, businesses, and government. General topics
include: supply and demand, market structures, product and factor markets,
labor unions, government regulation, income distribution, and economic
analysis of current social issues.
+
ECO 120 Cr. 3
Global Macroeconomics
Introduction to the functioning of the world
economy. Applications of economic principles to
domestic and international problems with an introduction to economic
systems, economic thought, and economic history around the world. General
topics include: the economics of international trade and exchange rates,
global macroeconomics, international monetary systems, and economic
development.
+
ECO 202 Cr. 3
Contemporary Global Issues
This course will offer a contemporary
multi-
disciplinary perspective regarding the major issues and trends
confronting the global society as it enters the 21st century. Emphasis will
be given to a critical review and assessment of the origin and present
condition of the plethora of situations and problems affecting modern
global society. The student will also learn to critically evaluate current
and future events. The course will incorporate the views and approaches of
the following disciplines: sociology/anthropology, economics, geography,
political science and history. (Cross-listed with ANT/ECO/GEO/POL/ SOC/HIS
202; may only earn credit in one department.) Offered occasionally.
ECO 300 Cr. 3
Economic Issues in Public Policy
A discussion of current economic issues incorporating
an introduction to the essential concepts for critical economic thinking.
Issues are chosen to help the student develop a general understanding of
the economic choices confronting a democratic society. Prerequisite: ECO
110 or 120. Offered occasionally.
ECO 301 Cr. 3
Money and Banking
An introduction to money, monetary policy, and
banking, and their roles in the modern market economy. Attention is devoted
to the current institutional structure in the U.S. and differing views on
the relationship between money and the level of economic activity.
Prerequisite: ECO 110, 120.
ECO 303 Cr. 3
Industrial Organization
Changing structure of the American economy; price
policy in different industrial classifications of monopoly and competition
in relation to problems of public policy. Prerequisite: ECO 110.
ECO 305 Cr. 3
Intermediate Macroeconomic Analysis
Introduction to the theoretical analysis of the
aggregate economy. Topics include the essential mathematics of macro
analysis; national income accounting; general equilibrium of the product,
money and labor markets; Keynesian vs. Classical and Keynesian vs.
Monetarist theory; stabilization policies; and economic growth.
Prerequisite: ECO 110, 120.
ECO 306 Cr. 3
History of Economic Thought
The evolutionary development of economic thought from
the Medieval Period to the present day, including origins and development
of classical economics, the critics of classicism, subjectivism, the
Historical School, neo-classical economics, institutionalism, imperfect
competition theories, and Keynesian economics. Prerequisite: ECO 110, 120.
ECO 307 Cr. 3
Introduction to Econometrics, Forecasting, and Time
Series
An introduction to regression analysis and its
application to economic and business research. Topics include using
secondary data sources, simple and multiple regression, forecasting, time
series analysis, and interpretation and communication of results. The
course develops various empirical techniques and culminates with a final
research report. Prerequisite: completion of the General Education English
requirements, C-S 101 and MTH 145.
ECO 308 Cr. 3
Intermediate Microeconomic Analysis
Behavior of consumers, producers and markets. Topics
include: theories of demand, production and cost, firm decisions, market
structures, distribution, general equilibrium, welfare and externalities.
Prerequisite: ECO 110, 120.
ECO 310 Cr. 3
Managerial Economics
Application of economic principles to management
problem formulation, problem solving and decision making. Topics include:
decisions under risk and uncertainty, review of optimizing techniques,
demand, production and cost analysis, issues and problems in pricing and
capital budgeting. Prerequisite: ECO 110 and BUS 230.
ECO 311 Cr. 3
Comparative Economic Systems
Theoretical and institutional characteristics of
capitalism and socialism with emphasis on prevailing economic systems in
the U.S., the former Soviet Union, China, and England. Prerequisite: ECO
110, 120.
ECO 312 Cr. 3
American Economic Development
American economic growth in historical perspective
from the point of view of the economist. Emphasis will be placed on the use
of elementary economic theory as a tool to select and order relevant facts.
Prerequisite: ECO 110, 120.
ECO 320 Cr. 3
Economics of Sports and Entertainment
The students will employ economic theory to analyze
professional sports, the movie industry, and the television industry. In
particular, this class will look at the evolution of the motion picture
industry, the effect of television on the marketing, industry make-up, and
labor conditions of the professional sports and movie industries, the
changes invoked by the growth of cable television, and the effects of
technology on the television industry. Prerequisite: ECO 110 or 120.
ECO 321 Cr. 3
Modern Political Economy
An introduction to conservative, liberal, and radical
perspectives on the economic process. Topics include the role of government
in the economy, the nature of work, business cycles, the environment, and
racism and sexism. Prerequisite: ECO 110, 120.
ECO 330 Cr. 3
Labor Economics
Theories of wage determination; economic effects of
wage determination upon the structure of wages, the distribution of
national income, employment, and the price level. Prerequisite: ECO 110,
120.
+
ECO 336 Cr. 3
Women in the U.S. Economy
An introduction to the status of women in the U.S.
economy. Topics include alternative perspectives on women, work and the
labor force, the value of paid versus unpaid labor, pay equity, the social
support network, and the prospects for change.
ECO 340 Cr. 3
Introduction to International Economics
Overview and introduction to international economics
and the theory of international trade and the effects of trade and trade
policy on the economy. Foreign exchange markets, the balance of payments
and basic policy adjustments are also introduced. Prerequisite: ECO 120.
ECO 346 Cr. 3
Environmental and Resource Economics
Aspects of the scarcity of renewable and non-renewable
natural resources and the management problems associated with their
allocation and use are presented. The theoretical foundations for those
tools of economic analysis applicable to the analysis of natural resource
problems are developed with historical, real-world examples discussed.
Attention is concentrated on the policy implications of alternative
resource development strategies. Prerequisite: ECO 110.
ECO 375 Cr. 3
Economic Development
Analysis of the broad problems and constraints
limiting economic development in the “Third World.” Alternative
approaches to development will be considered. Different cultural, material,
and human resources present in individual countries will be assessed.
Prerequisite: ECO 110, 120.
ECO 400/500 Cr. 3
Monetary Theory and Policy
This course is concerned with the theory and practice
of monetary policy in the modern market economy, with particular reference
to the U.S. economy and institutional framework. Topics covered include:
the ability of the central bank to regulate the supply of money and credit
conditions; factors affecting the demand for money; and the relationship
between changes in the money supply and interest rates and the impact of
changes in each of these on other economic variables. Prerequisite: ECO
301. Offered occasionally.
ECO 402/502 Cr. 3
Public Sector Economics
Theory and policy of revenues and expenditures in the
public sector. Public sector issues are analyzed using public choice theory
and cost-benefit analysis. Expenditure programs and taxation are considered
at the national, state, and local government levels. Prerequisite: ECO 110.
ECO 409/509 Cr. 3
Econometric Methods
Development of statistical techniques used in
empirical economics analysis. Emphasis will be placed on the theory and
application of the linear regression model. Prerequisite: ECO 307 or MTH
305 and one economics course at 300 level or above. Offered occasionally.
ECO 435 Cr. 3
Law and Economics
Economic analysis of the origins and impacts of legal
rules and of the process of legal decision making. Focus is on the
implications of alternative legal structures for the efficient use of
society’s scarce resources, and on the ways in which economic
incentives shape the evolution of those structures and the laws they
embody. Topics include: public choice, pollution, insurance and liability,
and deregulation. Prerequisite: ECO 110. Offered occasionally.
ECO 441/541 Cr. 3
International Financial Economics
The economics of the international monetary system and
financial transactions, with emphasis on macroeconomic policy. Balance of
payments problems, exchange rate determination and its effect on economic
growth and stability, and policies to achieve international market
equilibrium are analyzed from a theoretical and empirical point of
view. Prerequisite: ECO 305 or 340.
ECO 447/547 Cr. 3
Urban/Regional Economics
Introduction to spatial economics and application of
economic principles to urban and regional problems. Topics include:
urbanization; migration; location and systems of cities; land use patterns;
urban/regional growth; and selected urban problems, such as housing,
transportation, poverty, crime, pollution, urban sprawl, and new cities.
Prerequisite: ECO 110, 120. Offered occasionally.
ECO 450 Cr. 1-6
College of Business Administration Internship
The internship program as conceived and implemented is
an unusual program designed to provide an opportunity for students in the
College of Business Administration at the University of Wisconsin-La Crosse
to participate in an approved program with a cooperating business,
government or civic organization for usually 15 weeks of their
undergraduate work. For additional information,
see internship description under the College of Business Administration
heading. Repeatable for credit. Pass/Fail
grading.
ECO 471/571 Cr. 3
Health Economics
Study of the use of resources in health care:
organization of health care delivery, relationships between health care and
health status, and the economic evaluation of health care services. The
U.S. system is compared with those of other nations, focusing on the roles
of the consumers and providers in health care markets, and on the roles of
government in shaping demand, supply and utilization. Prerequisite: ECO
110.
ECO 474/574 Cr. 1-3
Economic Forum
Emphasis will be on examination and study of current
economic issues. Topics will vary from semester to semester. Prerequisite:
ECO 110, 120. Repeatable for credit — maximum 6.
ECO 499 Cr. 1-3
Independent Study
Individual reading or research under the guidance of a
staff member. Open to selected advanced students who have excellent records
in the department. Registration with the consent of the student’s
regular adviser, the instructor and the department chairperson. Approval
form available in department office; completion of form required prior to
registration. Repeatable for credit — maximum 6. Pass/Fail grading.
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