2022-23 Academic Catalog
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Department of Economics

(College of Business)

https://business.uni.edu/about/economics

The Department of Economics offers the following undergraduate programs. Specific requirements for these programs are listed within this Department of Economics section in the following order:

Undergraduate Major (B.A.)

Minor

Program Certificates

  1.  A student must complete ECON 1041ECON 1051ECON 2112, and ECON 2122 with at least a C- in each course whether taken at UNI or an institution from which transfer credit for these courses is accepted; must earn a 2.20 cumulative grade point average at UNI; must earn an overall 2.20 grade point average in ACCT xxxx, MKTG xxxx, MGMT xxxx, FIN xxxx, and ECON xxxx courses taken at UNI.
  2. ECON 1011 counts toward an Economics major only in the Business Economics and Applied Economic Analysis emphases and does not count toward the minor.
  3. ECON 2090 counts toward an Economics major only in the Business Economics emphasis and does not count toward the minor.
  4. ECON 1031 does not count toward the Economics major or minor.
  5. ECON 1041 and ECON 1051 are minimum prerequisites for all 2000/3000/4000-level courses, except ECON 2090ECON 2140, ECON 3125, and ECON 3371.
  6. It is recommended that ECON 2112 and ECON 2122 be taken before other advanced courses in Economics.
  7. Not more than one emphasis may be declared in economics.

The Economics Department may impose additional admission requirements for students wishing to declare a minor or a second College of Business major. Eligibility to declare a minor or a second College of Business major is based on competitive GPA and space availability. For more information on these policies, check with your advisor in UNI Business Advising in CBB 5.

Bachelor of Arts Degree Programs

Economics Major

The Economics major requires a minimum of 120 total hours to graduate. This total includes UNIFI/General Education requirements and the following specified major requirements, plus electives to complete the minimum of 120 hours.

Required
Business Administration, Interdepartmental:
BUSINESS 1000Introductory Seminar for Business Professionals0
BUSINESS 2000Business Professionals in Training0
Economics:
ECON 1041Principles of Macroeconomics3
ECON 1051Principles of Microeconomics3
ECON 2112Intermediate Microeconomic Theory3
ECON 2122Intermediate Macroeconomic Theory3
ECON 3373/5373Introduction to Econometrics3
Mathematics:
STAT 1772Introduction to Statistical Methods *3
Emphasis requirements (students choose only one area of emphasis)21-42
Total Hours39-60

Emphases:

1. General Economics

Electives: 1000/2000/3000/4000-level economics courses18
ECON 4380/5380Directed Research in Economics3
Total Hours21

2. Quantitative Techniques

Required
Economics:
ECON 3269/5269Mathematical Economics3
Mathematics:
MATH 1420Calculus I4
MATH 1421Calculus II4
MATH 2422Calculus III4
MATH 2500Linear Algebra for Applications3
MATH 2900Discrete and Argumentative Mathematics3
ECON 4380/5380Directed Research in Economics3
Electives: 100/2000/3000/4000-level economics courses (except ECON 3077)15
Total Hours39

3. Business Economics (42 hours)

Students who select this emphasis must satisfy the College of Business admission requirements before they can officially declare their major. For more information on these policies, check with your advisor in UNI Business Advising in CBB 5. Prior to completion of the admission requirements, students may sign an intent to major in Economics/Business Economics and be classified as a prospective (pre)major. Pre-Economics/Business Economics majors may enroll in lower division (below 2000-level) business courses only. Enrollment in upper division (3000/4000-level) business courses and MKTG 2110 requires satisfactory completion of the College of Business admission requirements and any course prerequisites. 

Economics/Business Economics majors may declare a double major, and/or major and minor within the College of Business, subject to the regulations of those College of Business departments affected. Economics/Business Economics majors minoring within the College of Business must select minors designated for business majors.

To graduate with an Economics/Business Economics major from the College of Business, a student must complete ECON 1041 , ECON 1051 , ECON 2112 , and ECON 2122 with at least a C- in each course whether taken at UNI or an institution from which transfer credit for these courses is accepted; must earn a 2.20 cumulative grade point average at UNI; must earn an overall 2.20 grade point average in ACCT xxxx, MKTG xxxx, MGMT xxxx, FIN xxxx, and ECON xxxx courses taken at UNI.

Required business core
Accounting:
ACCT 2120Principles of Financial Accounting3
ACCT 2130Principles of Managerial Accounting3
Marketing:
MKTG 2110Principles of Marketing3
Management:
MGMT 2080Introduction to Information Systems3
MGMT 3100Legal and Social Environment of Business3
MGMT 3153Organizational Management3
MGMT 3154Operations Management3
MGMT 4175Strategic Management3
Finance:
FIN 3130/5130Corporate Finance3
Economics:
ECON 2090Decision Analytics3
ECON 1011Statistics for Business Analytics3
Electives: 1000/2000/3000/4000-level economics courses9
Total Hours42

4. Applied Economic Analysis

REQUIRES COMPLETION OF A MATHEMATICS MAJOR, ANY EMPHASIS

Required
Accounting:
ACCT 2120Principles of Financial Accounting3
Management:
MGMT 2080Introduction to Information Systems3
Finance:
FIN 3130/5130Corporate Finance3
FIN 3160/5160Principles of Investments3
Select one of the following: 3
Risk Management and Insurance
Fixed Income Analysis
Intermediate Financial Management
Economics:
ECON 4380/5380Directed Research in Economics3
Electives: 1000/2000/3000/4000-level economics courses.3
Total Hours21

Minors

Economics Minor-Liberal Arts

Required
Economics:
ECON 1041Principles of Macroeconomics3
ECON 1051Principles of Microeconomics3
ECON 2112Intermediate Microeconomic Theory3
ECON 2122Intermediate Macroeconomic Theory3
Electives: 2000/3000/4000-level economics courses. *6
Total Hours18

Available to all UNI majors, except Economics majors.

Note: ECON 1041 and ECON 1051 are prerequisites for all 2000/3000/4000-level economics courses except for ECON 2140, ECON 3125, and ECON 3371.

 Program Certificates

The University of Northern Iowa makes available, in addition to traditional programs, the opportunity for students to earn program certificates. Program certificates provide an alternative to programs leading to a degree, a major, or a minor; they certify that an individual has completed a program approved by the university. For information on the following program certificates, contact the Department of Economics or the Office of the Registrar, which serves as the centralized registry.

Certificate in Business Of Health Care Administration for Business Majors

The interdisciplinary Business of Health Care certificate for Business Majors includes courses which develop basic business skills for students desiring business careers in health care.  Both nonprofit and for-profit health institutions such as clinics, hospitals, insurance companies, medical offices, and long-term care facilities require employees with business skills. Business professionals manage employees, manage finances, raise funds, reduce and manage risk, work with or for insurance companies, and seek ways to provide effective and cost-efficient care. Requires completion of any business major.

Required:
Accounting:
ACCT 2120Principles of Financial Accounting3
Economics:
ECON 2140Health Economics3
Public Health and Education:
PH 1101Introduction to Public Health3
or CAP 3160 Community and Public Health
PH 3640/5640Worksite Health Promotion3
Economics electives (one of the following):3
Economics of Labor Markets
Public Finance
Cost-Benefit Analysis
Law and Economics
Electives (two of the following):6
Anthropology:
Culture, Disease, and Healing *
Capstone courses:
Bio-Medical Ethics
Perspectives on Death and Dying
Criminology:
Drugs and Society *
Family Services:
Families, Alzheimer's and Related Dementias
Finance:
Risk Management and Insurance
Gerontology:
Families and End of Life Issues
Long Term Care Administration
Philosophy:
Perspectives on Death and Dying
Political Science:
Current and Emerging Issues in Public Administration
Psychology:
Health Psychology *
Public Health and Education:
Aging and Health
Stress and Coping
Global Service Mission
Introduction to Women's Health
Minority Health
International Health
Environmental and Occupational Health Regulations
Sociology:
Social Gerontology *
Medical Sociology *
Total Hours21

Certificate in Business Of Health Care Administration for Non-Business Majors

The interdisciplinary Business of Health Care Administration certificate for Non-Business majors includes courses which develop basic business skills for students desiring business careers in health care.  Both nonprofit and for-profit health institutions such as clinics, hospitals, insurance companies, medical offices, and long-term care facilities require employees with business skills. Business professionals manage employees, manage finances, raise funds, reduce and manage risk, work with or for insurance companies, and seek ways to provide effective and cost-efficient care.

Required:
Accounting:
ACCT 2120Principles of Financial Accounting3
Economics:
ECON 1031Introduction to Business Economics3
or ECON 1041 Principles of Macroeconomics
ECON 2140Health Economics3
Public Health and Education:
PH 1101Introduction to Public Health3
or CAP 3160 Community and Public Health
PH 3640/5640Worksite Health Promotion3
Elective(s) from the following (select one if major or minor requires no economics; select two if major or minor requires economics):3-6
Anthropology:
Culture, Disease, and Healing *
Capstone courses:
Bio-Medical Ethics
Perspectives on Death and Dying
Criminology:
Drugs and Society *
Family Services:
Families, Alzheimer's and Related Dementias
Finance:
Risk Management and Insurance
Gerontology:
Families and End of Life Issues
Long Term Care Administration
Philosophy:
Perspectives on Death and Dying
Political Science:
Current and Emerging Issues in Public Administration
Psychology:
Health Psychology *
Public Health and Education:
Aging and Health
Stress and Coping
Global Service Mission
Introduction to Women's Health
Minority Health
International Health
Environmental and Occupational Health Regulations
Sociology:
Social Gerontology *
Medical Sociology *
Total Hours18-21


 

Economics: General, B.A.

Objective 1: Students will demonstrate disciplinary content knowledge

            1.1 Learners will demonstrate broad knowledge of the business disciplines

            1.2 Learners will calculate the opportunity cost of an action.

            1.3  Learners will evaluate the effects of changes in supply and/or demand on market equilibrium price and quantity.

Objective 2: Students will use quantitative skills to aid business decision making

             2.1 Learners will display a broad set of quantitative skills as applied to business decision making across a wide range of business disciplines

             2.2 Learners will test hypotheses, interpret the results, and apply the results in making decisions.

             2.3 Learners will test for, analyze, and interpret the relationship between two or more variables.

Objective 3: Students will display communication skills

             3.1 Learners will demonstrate strong written communication skills as required for a business major

             3.2 Learners will accurately summarize material, both orally and in writing.

Objective 4: Students will be able to apply critical thinking skills

             4.1 Learners will apply basic critical thinking skills as expected for all business majors

             4.2 Learners will construct a conclusion, or solution, following appropriate reasoning and evaluation of evidence.

Objective 5: Students will understand the work value expectations of contemporary organizations

              5.1 Learners will identify ethical components in business situations

             5.2 Learners will display other work values such as professional demeanor, quality of effort, dependability, attitude, and initiative

Economics: Applied Economics Analysis, B.A.

Objective 1: Students will demonstrate disciplinary content knowledge

              1.1 Learners will demonstrate broad knowledge of the business disciplines

              1.2 Learners will calculate the opportunity cost of an action.

              1.3 Learners will evaluate the effects of changes in supply and/or demand on market equilibrium price and quantity.

Objective 2:  Students will use quantitative skills to aid business decision making

               2.1 Learners will display a broad set of quantitative skills as applied to business decision making across a wide range of business disciplines

               2.2 Learners will test hypotheses, interpret the results, and apply the results in making decisions.

               2.3 Learners will test for, analyze, and interpret the relationship between two or more variables.

Objective 3: Students will display communication skills

               3.1 Learners will demonstrate strong written communication skills as required for a business major

               3.2 Learners will accurately summarize material, both orally and in writing.

Objective 4: Students will be able to apply critical thinking skills

               4.1 Leaners will apply basic critical thinking skills as expected for all business majors

               4.2 Learners will construct a conclusion, or solution, following appropriate reasoning and evaluation of evidence.

Objective 5: Students will understand the work value expectations of contemporary organizations

               5.1 Learners will identify ethical components in business situations

               5.2 Learners will display other work values such as professional demeanor, quality of effort, dependability, attitude, and initiative

Economics: Business Economics, B.A.

Objective 1: Students will demonstrate disciplinary content knowledge.

               1.1 Learners will demonstrate broad knowledge of the business disciplines

               1.2 Learners will calculate the opportunity cost of an action.

               1.3 Learners will evaluate the effects of changes in supply and/or demand on market equilibrium price and quantity.

Objective 2: Students will use quantitative skills to aid business decision making

                2.1 Learners will display a broad set of quantitative skills as applied to business decision making across a wide range of business disciplines.

                2.2 Learners will test hypotheses, interpret the results, and apply the results in making decisions.

                2.3 Learners will test for, analyze, and interpret the relationship between two or more variables.

Objective 3: Students will display communication skills

                3.1 Learners will demonstrate strong written communication skills as required for a business major

                3.2 Learners will accurately summarize material, both orally and in writing.

Objective 4: Students will be able to apply critical thinking skills

                4.1 Learners will apply basic critical thinking skills as expected for all business majors

                4.2 Learners will construct a conclusion, or solution, following appropriate reasoning and evaluation of evidence.

Objective 5: Students will understand the work value expectations of contemporary organizations

                 5.1 Learners will identify ethical components in business situations

                 5.2 Learners will display other work values such as professional demeanor, quality of effort, dependability, attitude, and initiative

Economics: Quantitative Techniques, B.A.

Objective 1: Students will demonstrate disciplinary content knowledge

                 1.1 Learners will demonstrate broad knowledge of the business disciplines

                 1.2 Learners will calculate the opportunity cost of an action.

                 1.3 Learners will evaluate the effects of changes in supply and/or demand on market equilibrium price and quantity.

Objective 2: Students will use quantitative skills to aid business decision making

                 2.1 Learners will display a broad set of quantitative skills as applied to business decision making across a wide range of business disciplines

                 2.2 Learners will test hypotheses, interpret the results, and apply the results in making decisions.

                 2.3 Learners will test for, analyze, and interpret the relationship between two or more variables.

Objective 3: Students will display communication skills

                 3.1 Learners will demonstrate strong written communication skills as required for a business major

                 3.2 Learners will accurately summarize material, both orally and in writing.

Objective 4: Students will be able to apply critical thinking skills

                 4.1 Learners will apply basic critical thinking skills as expected for all business majors

                 4.2 Learners will construct a conclusion, or solution, following appropriate reasoning and evaluation of evidence.

Objective 5: Students will understand the work value expectations of contemporary organizations

                 5.1 Learners will identify ethical components in business situations

                 5.2 Learners will display other work values such as professional demeanor, quality of effort, dependability, attitude, and initiative

                 

Economics: General, B.A.

This is a sample plan of study with a suggested sequencing of classes for the major.  University electives may be applied to earn additional academic majors, minors, or certificates.  Students should regularly meet with their academic advisor to plan their specific semester schedule to include UNIFI/General Education program and/or university elective hours required.

Plan of Study Grid
Freshman
FallHour
BUSINESS 1000 Introductory Seminar for Business Professionals 0
ECON 1041 Principles of Macroeconomics 3
UNIFI/General Education or University Electives 12
 Hours15
Spring
ECON 1051 Principles of Microeconomics 3
STAT 1772 Introduction to Statistical Methods 3
UNIFI/General Education or University Electives 9
 Hours15
Sophomore
Fall
ECON 2112 Intermediate Microeconomic Theory (or ECON 2122 Intermediate Macroeconomic Theory) 3
Liberal Arts Core/Electives 12
 Hours15
Spring
BUSINESS 2000 Business Professionals in Training 0
ECON 2122 Intermediate Macroeconomic Theory (or Intermediate Microeconomic Theory) 3
UNIFI/General Education or University Electives 12
 Hours15
Junior
Fall
BUSINESS 3000 Intermediate Professional Skills: (topic) 0
ECON 3373/5373 Introduction to Econometrics 3
ECON xxxx Electives in Economics 3
UNIFI/General Education or University Electives 9
 Hours15
Spring
ECON xxxx Electives in Economics 6
UNIFI/General Education or University Electives 9
 Hours15
Senior
Fall
ECON xxxx Electives in Economics 6
UNIFI/General Education or University Electives 9
 Hours15
Spring
ECON 4380/5380 Directed Research in Economics 3
ECON xxxx Electives in Economics 3
UNIFI/General Education or University Electives 9
 Hours15
 Total Hours120

Economics: Business Economics, B.A.

This is a sample plan of study with a suggested sequencing of classes for the major.  University electives may be applied to earn additional academic majors, minors, or certificates.  Students should regularly meet with their academic advisor to plan their specific semester schedule to include UNIFI/General Education program and/or university elective hours required.

Plan of Study Grid
Freshman
FallHour
BUSINESS 1000 Introductory Seminar for Business Professionals 0
ECON 1041 Principles of Macroeconomics 3
STAT 1772 Introduction to Statistical Methods 3
UNIFI/General Education or University Electives 9
 Hours15
Spring
ECON 1011 Statistics for Business Analytics 3
ECON 1051 Principles of Microeconomics 3
UNIFI/General Education or University Electives 9
 Hours15
Sophomore
Fall
ECON 2112 Intermediate Microeconomic Theory (or ECON 2122 Intermediate Macroeconomic Theory) 3
ACCT 2120 Principles of Financial Accounting 3
MGMT 2080 Introduction to Information Systems 3
UNIFI/General Education or University Electives 6
 Hours15
Spring
BUSINESS 2000 Business Professionals in Training 0
ECON 2090 Decision Analytics 3
ECON 2122 Intermediate Macroeconomic Theory (or ECON 2112 Intermediate Microeconomic Theory) 3
ACCT 2130 Principles of Managerial Accounting 3
UNIFI/General Education or University Electives 6
 Hours15
Junior
Fall
ECON 3373/5373 Introduction to Econometrics 3
FIN 3130/5130 Corporate Finance 3
MGMT 3153 Organizational Management 3
MGMT 3154 Operations Management 3
UNIFI/General Education or University Electives 3
 Hours15
Spring
MKTG 2110 Principles of Marketing 3
MGMT 3100 Legal and Social Environment of Business 3
ECON xxxx Economics Elective 3
UNIFI/General Education or University Electives 6
 Hours15
Senior
Fall
ECON xxxx Economics Elective 6
UNIFI/General Education or University Electives 9
 Hours15
Spring
MGMT 4175 Strategic Management 3
UNIFI/General Education or University Electives 12
 Hours15
 Total Hours120

Economics: Applied Economics Analysis, B.A.

REQUIRES COMPLETION OF A MATHEMATICS MAJOR, ANY EMPHASIS

This is a sample plan of study with a suggested sequencing of classes for the major.  University electives may be applied to earn additional academic majors, minors, or certificates.  Students should regularly meet with their academic advisor to plan their specific semester schedule to include UNIFI/General Education program and/or university elective hours required.

Plan of Study Grid
Freshman
FallHour
BUSINESS 1000 Introductory Seminar for Business Professionals 0
STAT 1772 Introduction to Statistical Methods 3
ECON 1041 Principles of Macroeconomics 3
UNIFI/General Education or Required Courses for Mathematics Major/Electives 9
 Hours15
Spring
ECON 1051 Principles of Microeconomics 3
MGMT 2080 Introduction to Information Systems 3
UNIFI/General Education or Required Courses for Mathematics Major/Electives 9
 Hours15
Sophomore
Fall
ECON 2112 Intermediate Microeconomic Theory (or ECON 2122 Intermediate Macroeconomic Theory) 3
ACCT 2120 Principles of Financial Accounting 3
UNIFI/General Education or Required Courses for Mathematics Major/Electives 9
 Hours15
Spring
BUSINESS 2000 Business Professionals in Training 0
ECON 2122 Intermediate Macroeconomic Theory (or ECON 2112 Intermediate Microeconomic Theory) 3
UNIFI/General Education or Required Courses for Mathematics Major/Electives 12
 Hours15
Junior
Fall
ECON 3373/5373 Introduction to Econometrics 3
FIN 3130/5130 Corporate Finance 3
UNIFI/General Education or Required Courses for Mathematics Major/Electives 9
 Hours15
Spring
FIN 3160/5160 Principles of Investments 3
UNIFI/General Education or Required Courses for Mathematics Major/Electives 12
 Hours15
Senior
Fall
ECON 3373/5373 Introduction to Econometrics 3
UNIFI/General Education or Required Courses for Mathematics Major/Electives 12
 Hours15
Spring
BUSINESS 3000 Intermediate Professional Skills: (topic) 0
ECON 4380/5380 Directed Research in Economics 3
Finance Elective: FIN 3050 (160:162), FIN 3065 (160:157g), or FIN 3135 (160:161) 3
UNIFI/General Education or Required Courses for Mathematics Major/Electives 9
 Hours15
 Total Hours120

Economics: Quantitative Techniques, B.A.

This is a sample plan of study with a suggested sequencing of classes for the major.  University electives may be applied to earn additional academic majors, minors, or certificates.  Students should regularly meet with their academic advisor to plan their specific semester schedule to include UNIFI/General Education program and/or university elective hours required.

Plan of Study Grid
Freshman
FallHour
BUSINESS 1000 Introductory Seminar for Business Professionals 0
ECON 1041 Principles of Macroeconomics 3
UNIFI/General Education or University Electives 12
 Hours15
Spring
ECON 1051 Principles of Microeconomics 3
STAT 1772 Introduction to Statistical Methods 3
UNIFI/General Education or University Electives 9
 Hours15
Sophomore
Fall
ECON 2112 Intermediate Microeconomic Theory (or ECON 2122) 3
MATH 1420 Calculus I 4
UNIFI/General Education or University Electives 9
 Hours16
Spring
BUSINESS 2000 Business Professionals in Training 0
ECON 2122 Intermediate Macroeconomic Theory (or ECON 2112) 3
MATH 1421 Calculus II 4
MATH 2500 Linear Algebra for Applications 3
UNIFI/General Education or University Electives 5
 Hours15
Junior
Fall
ECON xxx Elective in Economics 3
ECON 3373/5373 Introduction to Econometrics 3
MATH 2422 Calculus III 4
UNIFI/General Education or University Electives 5
 Hours15
Spring
BUSINESS 3000 Intermediate Professional Skills: (topic) 0
ECON 3269/5269 Mathematical Economics 3
ECON 3xxx Electives in Economics 3
MATH 2900 Discrete and Argumentative Mathematics 3
UNIFI/General Education or University Electives 6
 Hours15
Senior
Fall
ECON 3xxx Electives in Economics 6
UNIFI/General Education or University Electives 8
 Hours14
Spring
ECON 4380/5380 Directed Research in Economics 3
FIN 3050 Risk Management and Insurance (or FIN 3065 Fixed Income Analysis or FIN 3135 Intermediate Financial Management) 3
UNIFI/General Education or University Electives 9
 Hours15
 Total Hours120


 

Business Teaching Major, B.A. (College of Business, Interdepartmental)

This is a sample plan of study with a suggested sequencing of classes for the major.  University electives may be applied to earn additional academic majors, minors, or certificates.  Students should regularly meet with their academic advisor to plan their specific semester schedule to include UNIFI/General Education program and/or university elective hours required.

Plan of Study Grid
Freshman
FallHour
BUSINESS 1000 Introductory Seminar for Business Professionals 0
STAT 1772 Introduction to Statistical Methods 3
ECON 1041 Principles of Macroeconomics 3
UNIFI/General Education or University Electives 9
 Hours15
Spring
ECON 1051 Principles of Microeconomics 3
ECON 1011 Statistics for Business Analytics 3
UNIFI/General Education or University Electives 9
 Hours15
Sophomore
Fall
BUSINESS 2000 Business Professionals in Training 0
ACCT 2120 Principles of Financial Accounting 3
TEACHING 2017 Level 1 Field Experience: Exploring Teaching 1
EDPSYCH 2030 Dynamics of Human Development 3
ECON 2090 Decision Analytics 3
UNIFI/General Education or University Electives 6
 Hours16
Spring
ACCT 2130 Principles of Managerial Accounting 3
MKTG 2110 Principles of Marketing 3
MGMT 2080 Introduction to Information Systems 3
SPED 3150 Meeting the Needs of Diverse Learners in Classrooms 2
UNIFI/General Education or University Electives 4
 Hours15
Junior
Fall
FIN 3130/5130 Corporate Finance 3
MGMT 3100 Legal and Social Environment of Business 3
BUSTEACH 2091 Introduction to Curriculum and Methods for Business Education 2
TEACHING 3128 Level 2 Field Experience: Lesson Planning and Instruction 1
EDPSYCH 3148 Learning and Motivation in Classroom Contexts 3
MEASRES 3150 Classroom Assessment 2
UNIFI/General Education or University Electives 2
 Hours16
Spring
ENTR 3583/5583 Entrepreneurship 3
BUSTEACH 3191 Advanced Curriculum and Methods for Business Education 2
MGMT 3153 Organizational Management 3
BUSTEACH 3117 Field Experience in Business Teaching 1
FIN 1040 Financial Skills for Smart Living 3
UNIFI/General Education or University Electives 5
 Hours17
Senior
Fall
SOCFOUND 3119 Schools and American Society 3
TEACHING 4170/5170 Human Relations: Awareness and Application 3
MGMT 2113 Business Communication 3
UNIFI/General Education or University Electives 5
 Hours14
Spring
TEACHING 3138 Secondary School Teaching 12
 Hours12
 Total Hours120
 

Courses

ECON 1001. Economics of Social Issues — 3 hrs.

Explains basic economic theories and establishes connections between these theories and current social issues. Discusses policies that have been constructed or proposed to address these issues, including but not limited to labor market discrimination, immigration, and environmental externalities, through both conservative and liberal perspectives. Analyzes the problems of income inequality and poverty through the multiple political philosophies of utilitarianism, liberalism, and libertarianism. Students will reflect on their personal values in the context of contemporary social issues. (Fall and Spring)

ECON 1011. Statistics for Business Analytics — 3 hrs.

Application and interpretation of probability and statistics as applied to business problems. Descriptive statistics, hypothesis testing, linear regression, and correlation. May not be used for credit on the Economics major or minor or the Social Science major or minor. Prerequisite(s): STAT 1772 or equivalent. (Fall and Spring)

ECON 1031. Introduction to Business Economics — 3 hrs.

A survey of how markets and the economy as a whole function, with emphasis on decision making by businesses and economic literacy. Topics include markets for goods, services, and inputs; cost of production; and the measurements and determinants of national income, unemployment, and inflation. No credit for students who have credit or are concurrently enrolled in ECON 1041 or ECON 1051. May not be used for credit on Economics major or minor. (Fall and Spring)

ECON 1041. Principles of Macroeconomics — 3 hrs.

Introduction to the economizing problem and economic institutions. National income determination, monetary and fiscal policy, and global economic issues. (Fall and Spring)

ECON 1051. Principles of Microeconomics — 3 hrs.

Study of how consumers make decisions, firms maximize profits, and various market structures affect prices and output. Topics include supply and demand, elasticity, consumer and producer welfare, firm production and costs, and market structures. Prerequisite(s): C- or better in ECON 1041 or consent of department head. (Fall and Spring)

ECON 2090. Decision Analytics — 3 hrs.

Quantitative and qualitative aspects of problem solving and decision making. Structuring and basics of decision making, applications of probability, functional relationships, marginal analysis, and linear programming. Emphasis on model formulation and interpretation of results. May not be used for credit on the Economics major or minor or the Social Science major or minor. Prerequisite(s): STAT 1772 or equivalent; MGMT 2080 (can be taken as a corequisite) or PHYSICS 1701. (Fall and Spring)

ECON 2112. Intermediate Microeconomic Theory — 3 hrs.

In-depth analysis of consumer theory, firm production and costs, and market structures, with a primary focus on how individuals and firms make choices. Prerequisite(s): ECON 1041; ECON 1051. (Fall)

ECON 2122. Intermediate Macroeconomic Theory — 3 hrs.

Intermediate level macroeconomics. Determinants of aggregate demand, national product and employment; and macroeconomics objectives and policies. Prerequisite(s): ECON 1041; ECON 1051. (Spring)

ECON 2132. Money and Banking — 3 hrs.

Money, commercial banking, the Federal Reserve System, and monetary policy. Prerequisite(s): ECON 1041; ECON 1051. (Fall and Spring)

ECON 2140. Health Economics — 3 hrs.

Health Economics: The application of economic principles to the delivery, costs, pricing, and financing of health care services and products. Emphasis is on the health care industry, consumer choices, and government policy. Prerequisite(s): ECON 1031 or ECON 1041 or ECON 1051. (Variable)

ECON 3077. Internship in Community Economic Development — 1-3 hrs.

Practical experience in a business, industry, or government agency. May be repeated for maximum of 3 hours. Does not count toward the Economics major. Prerequisite(s): ECON 1041; ECON 1051; ECON 3229/5229; ECON 3253/5253; junior standing or consent of department head. (Fall, Spring, Summer)

ECON 3125. Economics of Sustainability — 3 hrs.

Economics of Sustainability Why do some businesses pursue sustainability initiatives while others do not? What does economic theory tell us about preservation versus use of natural resources? This course will explore such questions by evaluating the business, social, and policy implications of sustainability when viewed through both an economic and interdisciplinary perspective. Prerequisite(s): ECON 1031 or ECON 1041 or ECON 1051 or consent of instructor; junior standing. (Odd Falls)

ECON 3179. Cooperative Education in Economics — 1-6 hrs.

Compensated work experience in conjunction with an academic project conducted under faculty guidance. University elective credit is given on a graded basis. Prerequisite(s): ECON 2122; ECON 2112; cumulative UNI GPA of 3.00 or higher required prior to application; consent of department head. (Fall, Spring, Summer)

ECON 3217/5217. Economics of Labor Markets — 3 hrs.

An investigation into the market forces affecting the supply of and demand for labor and the determination of wages in the U.S. Discussion topics may include income maintenance programs, health and safety in industry, income inequality, human capital formation and/or labor mobility. Prerequisite(s): ECON 1041; ECON 1051; junior standing. (Variable)

ECON 3221/5221. Public Finance — 3 hrs.

Taxation and government expenditures; fiscal policy. Prerequisite(s): ECON 1041; ECON 1051; junior standing. (Variable)

ECON 3225/5225. Environmental Economics — 3 hrs.

Achieving allocative efficiency and cost-effectiveness when setting environmental policy. Modeling environmental quality as a public good and pollution as an economic problem. Assessing the command-and-control approach versus the market approach to environmental problem solving and policy. Exploring historical and current policies on air quality, water quality, solid waste/toxic substance management, and/or global environmental management. Prerequisite(s): ECON 1041; ECON 1051; junior standing. (Even Falls)

ECON 3229/5229. Cost-Benefit Analysis — 3 hrs.

Impact of public projects on resource allocation and social well being. Meaning and interpretation of Net Present Value (NPV). Problems encountered in quantifying various components of NPV and merits of alternative solutions. Prerequisite(s): ECON 1041; ECON 1051; junior standing. (Variable)

ECON 3231/5231. Law and Economics — 3 hrs.

Analysis of the influence of legal rules and institutions on the economic behaviors of individuals. Examination of the principles of economics as they relate to private and public law, with special emphasis on economic efficiency and equity. Applications from civil procedure, criminal, contract, and tort law. Prerequisite(s): ECON 1041; ECON 1051; junior standing. (Variable)

ECON 3237/5237. Sports Economics — 3 hrs.

Uses microeconomic principles with simple game theory and probability/statistical tools to investigate the organization of professional sports leagues, player pay, competitive balance, demand for games, public financing of sports, and other issues. Prerequisite(s): ECON 1041; ECON 1051; or consent of instructor; junior standing. (Variable)

ECON 3241/5241. The Organization of American Industry — 3 hrs.

Structure, conduct, and performance of firms, industries, and market. Policies to maintain competition. Prerequisite(s): ECON 1041; ECON 1051; junior standing. (Variable)

ECON 3245/5245. International Economics — 3 hrs.

International trade theory, trade strategies, economic unions, and factor movements. Prerequisite(s): ECON 1041; ECON 1051; junior standing. (Variable)

ECON 3249/5249. Economic Development — 3 hrs.

Characteristics of developing nations, causes of underdevelopment, development theories, and development strategies. Prerequisite(s): ECON 1041; ECON 1051; junior standing. (Variable)

ECON 3253/5253. Urban and Regional Economics — 3 hrs.

Theory of location and regional development; factors influencing growth and location of production, location of households, city location and urban hierarchies, and land use patterns; measures and change in regional economic activity; and public policy issues in regional and urban evolution. Research methods including economic base, employment multiplier, location quotient, and threshold analyses. Prerequisite(s): ECON 1041 and ECON 1051, or consent of instructor; junior standing. (Variable)

ECON 3257/5257. History of Economic Thought — 3 hrs.

Development of economic theory from early Greeks to John Maynard Keynes. Special emphasis given to Adam Smith, Karl Marx, and Thorstein Veblen. Prerequisite(s): ECON 1041; ECON 1051; junior standing. (Variable)

ECON 3261/5261. International Financial Economics — 3 hrs.

International financial theories and analysis of balance of payments, alternative exchange rate regimes, and capital movements. Prerequisite(s): ECON 1041; ECON 1051; junior standing. (Variable)

ECON 3269/5269. Mathematical Economics — 3 hrs.

Application of mathematics to economics with an emphasis on matrices and introductory calculus. Prerequisite(s): ECON 1041 and ECON 1051, or consent of instructor; junior standing. (Variable)

ECON 3371. Economic and Business Forecasting — 3 hrs.

Economic and Business Forecasting: The formulation of forecasts using statistical methods and software for time series data. Emphasis on forecasting economic variables such as employment, prices, and production; and business variables such as sales and inventories. Prerequisite(s): STAT 1772, ECON 1031 or ECON 1041 or ECON 1051, or consent of instructor; junior standing. (Spring)

ECON 3373/5373. Introduction to Econometrics — 3 hrs.

Econometric techniques and the development of statistical techniques unique to economics; econometric relationships derived in single and multivariate linear and non-linear regression analysis; use of statistical inference in econometric investigation with applications to classical works of economic topics. Prerequisite(s): STAT 1772; ECON 1041 and ECON 1051, or consent of instructor; junior standing. (Fall)

ECON 4380/5380. Directed Research in Economics — 3 hrs.

Students demonstrate their grasp of economic theory and their writing abilities. Prerequisite(s): ECON 1041; ECON 1051; ECON 2112; ECON 2122; senior standing; Economics major. (Variable)

ECON 6285. Individual Readings — 1-3 hrs.

Prerequisite(s): consent of MBA Director and department head. (Fall, Spring, Summer)

ECON 6299. Research — 1-6 hrs.

Prerequisite(s): consent of MBA Director and department head. (Fall, Spring, Summer)

ECON 6520. Managerial Economics — 3 hrs.

Application of economic theory and methods to business and administrative decision making. Prerequisite(s): ECON 1031 or equivalent; consent of MBA Director. (Variable)