Economics

Requirements & Courses

  • Major Requirements

    Thirty-six credits which must include:

    1. Eight credits from ECN-111, 112, 122, or other approved 100-level course
    2. ECN-217, 311, 312, and 317
    3. Twelve credits of ECN at or above the 300-level
    4. Successful completion of ECN-500 or a minimum score of 150 on the Major Field Achievement Test in Economics is required for the Department’s comprehensive evaluation. Students should schedule the MFAT for the Fall Term of their senior year. Students who fail the Fall MFAT will retake it in the Winter Term. Students who fail a second time will be given an oral comprehensive evaluation.
    5. All 36 credits that count toward the major must be taken for letter grade. Economics courses may be taken for S/F credit but only above and beyond the 36 credits taken for letter grade for the major.
    6. Prior approval is required for all transfer credit for any 300-level or above ECN coursework.

     

    • The Department recommends that students supplement the major with courses from other areas, including (but not limited to) Business Administration, Computer Science, Mathematics, Philosophy, Political Science, and Psychology. Students interested in Economics graduate work are strongly encouraged to take at least a year of calculus or other advanced Mathematics classes. Computer Science classes are also useful as preparation for Economics graduate work.
  • Minor Requirements

    Twenty-four credits which must include:

    1. Eight credits from ECN-111, 112, 122, or other approved 100-level course

    2. Sixteen additional credits of ECN coursework (which may not be taken for S/F credit)

  • Departmental Honors

    Honors candidates must have a minimum overall 3.3 GPA and a 3.5 GPA in the Economics Department, complete ECN-500 and present that work in some forum, either internal or external.

  • Four credits from ECN, with the exception of practicum or independent study courses, count towards the Distributive Requirements in the Social Sciences.

Courses

  • ECN
    111
    .
    Principles of Macroeconomics
    4 credits
    Introductory survey of macroeconomic theory and national policy. Supply and demand analysis and solutions to basic economic problem of scarcity in the American economy. Examines relationship between national income and its determinants with emphasis on role of fiscal and monetary policies in stabilizing national economic performance. (Formerly offered as ECN-201).
  • ECN
    112
    .
    Principles of Microeconomics
    4 credits
    Introductory survey of microeconomic theory. Principles of consumer demand; production, exchange and distribution in capitalist economies; labor and resource markets; international trade and exchange rate theory and policy.
  • ECN
    122
    .
    Introduction to Game Theory
    4 credits
    An introduction to the study of game theory as it applies to economics and other disciplines, including political science, psychology, philosophy, and evolutionary biology. This class focuses on its numerous practical uses, such as formulating business strategy, designing online auctions, and waging war. (Formerly offered as ECN-202).
  • ECN
    122M
    .
    Introduction to Game Theory
    4 credits
    An introduction to the study of game theory as it applies to economics and other disciplines, including political science, psychology, philosophy, and evolutionary biology. This class focuses on its numerous practical uses, such as formulating business strategy, designing online auctions, and waging war.
  • ECN
    180
    .
    Readings in Economics
    1 credit
    Selected introductory topics in Economics announced in advance. May be taken more than once for credit if topics are different.
  • ECN
    180M
    .
    Applied Computational Methods
    4 credits
    Selected topics in Economics.
  • ECN
    217
    .
    Quantitative Methods
    4 credits
    Prerequisite: One math class at MTH-110 level or higher, or Permission
    An introduction to a variety of the quantitative methods used in the social sciences. Students will learn the basic probability and research design theory necessary for understanding and applying quantitative methods in social sciences. Students will replicate data analyses and conduct their own with real world data. Students will learn to use statistical software, like R. Prerequisite for ECN 317.
  • ECN
    311
    .
    Intermediate Macroeconomics I
    4 credits
    Prerequisite: ECN-100 level course or permission
    Models of national income determination. The monetary system and the relationship between money and financial markets. Monetary theory and policy. Explanations of inflation and unemployment. Business cycles and economic growth theory.
  • ECN
    312
    .
    Intermediate Microeconomics
    4 credits
    Prerequisite: ECN-100 level or permission
    Price mechanism and elasticity concepts. Theories of consumer behavior and producer behavior. Pricing in product and resource markets. General equilibrium theory.
  • ECN
    314
    .
    Behavioral Economics
    4 credits
    Prerequisite: ECN-100 level or permission
    Study of economic decision-making from based on modified neo-classical assumptions. Students will explore selected themes from psychology, sociology, and neuroscience. We will also investigate the relevance of behavioral economics to the formation of good public policy. Students will engage with the material through a combination of lectures, discussion, experiments, and research projects.
  • ECN
    317
    .
    Econometrics
    4 credits
    Prerequisite: ECN-100 level and ECN-217, or permission
    Survey of standard forecasting techniques in business and economics. Introduces the use of econometric models with emphasis on multiple regression, simulation modeling and time-series analysis. Special attention to applying forecasting techniques to real-world data.
  • ECN
    318
    .
    Mathematical Economics
    4 credits
    Prerequisite: ECN-111 and 112; MTH-113 or 121
    Formal application of mathematical tools to micro- and macroeconomic analysis; algebra, sets, matrix algebra, differential and integral calculus, ordinary and partial differential equations, and finite difference equations.
  • ECN
    320
    .
    Money and Capital Markets
    4 credits
    Prerequisite: ECN-100 level or Permission.
    Analysis of money and capital market instruments and financial market interrelationships. Investigates role of financial intermediaries as both suppliers and users of credit. Emphasizes influences of monetary policy and regulations on functioning of U.S. and world credit markets.
  • ECN
    322M
    .
    Game Theory
    4 credits
    Prerequisite: ECN-100 level or permission
    Advanced study of game theory as it applies to economics and other disciplines. This class focuses on its numerous practical uses, such as formulating business strategy, designing online auctions, and waging war. ECN 322 students will conduct a topical lecture as part of their final grade. Students who have completed ECN 122 may not take ECN 322 for credit.
  • ECN
    326
    .
    Economic Development
    4 credits
    Prerequisite: ECN-100 level or permission
    Seeks to answer the question why some countries are rich and other countries poor. The role of the economist in development will be examined.
  • ECN
    331
    .
    International Trade
    4 credits
    Prerequisite: ECN-100 level or permission
    Examines the exchange across international borders of goods, services and factors, and the impacts of this trade on domestic and global economies both in theory and practice. Theories of trade are compared and contrasted to both empirical studies and histories of trade. Topics include free trade, commercial policy, barriers to trade, foreign investment, imperialism and political economy of trade.
  • ECN
    332
    .
    International Finance
    4 credits
    Prerequisite: ECN-100 level or permission
    Examine the principles and practical aspects of international finance. Theories of exchange rate determination are compared and contrasted. Topics include, but are not limited to: comparative advantage, arbitrage, international macroeconomics, foreign exchange issues, global money and capital markets, exchange rate forecasting and interest rate swaps.
  • ECN
    340
    .
    Environmental Economics
    4 credits
    Prerequisite: ECN-100 level or permission
    Survey of both theories and practices of the economics of natural resources and the environment. Topics include: notions of value and property, externalities, renewable and nonrenewable resources, willingness-to-pay arguments, cost-benefit analysis, natural resource policy, hazardous waste, environmental policy, sustainable development, and environmental racism and classism.
  • ECN
    345
    .
    Labor Economics
    4 credits
    Prerequisite: ECN-100 level or permission
    Survey the field of labor economics. Topics include the theory of allocation of time, life cycle theory, labor supply, theory of the firm, labor demand, wage determination, human capital theory, occupational wage differentials, and theories of labor market discrimination.
  • ECN
    380
    .
    Topics in Economics
    4 credits
    Prerequisite: ECN-111 or 112
    Selected topics in economics announced in advance. May be taken more than once for credit if topics are different.
  • ECN
    385
    .
    Economics Practicum
    4 credits
    Requires Junior standing or permission.
  • ECN
    499
    .
    Economics Independent Study
    4 credits
    Under supervision, student formulates project topic, conducts research and prepares a properly documented paper presenting conclusions and support. Requires instructor permission.
  • ECN
    500
    .
    Senior Thesis
    4 credits
    Requires instructor permission.