101 Contemporary Economic Issues (4) Examines contemporary public policy using economic principles. Topics may include balanced budgets and tax reform, unemployment, health care, poverty and income redistribution, environmental policy, and international trade policy.
199 Special Studies: [Topic] (1-5R)
201 Introduction to Economic Analysis: Microeconomics (4) Examines how consumers, firms, and governments make decisions when facing scarce resources and how those decisions affect market outcomes, such as prices and output. This course also available on-line, see Distance Education.
202 Introduction to Economic Analysis: Macroeconomics (4) Examines the aggregate activity of a market economy, the problems that arise, such as inflation and unemployment, and how the government can use macroeconomic policy to address these problems. EC 201 strongly recommended. This course also available on-line, see Distance Education.
233 Microeconomic Principles and Environmental Issues (4) Principles of microeconomics, framed in the context of environmental policy-making. Emphasis on differences between private and social costs and benefits. MATH 111 recommended. Students cannot receive credit for both EC 201 and EC 233.
311 Intermediate Microeconomic Theory (4) Consumer and firm behavior, market structures. General equilibrium theory, welfare economics, collective choice, rules for evaluating economic policy. Prereq: EC 201, MATH 111. Students cannot receive credit for both EC 311 and FINL 311.
313 Intermediate Macroeconomic Theory (4) Determination of aggregate income, employment, and unemployment; evaluation of macroeconomic policies. Prereq: EC 202; EC 311 strongly recommended.
327 Game Theory (4) Introductory course in game theory: Uses in-class game playing to develop and illustrate game-theoretic methods for making rational decisions. Prereq: EC 101 or 201.
330 Urban and Regional Economics Problems (4) Topics may include urban and metropolitan growth, land use, race and proverty, education systems, slums and urban renewal, transportation, crime, and pollution and environmental quality. Prereq: EC 201.
333 Resource and Environmental Economic Issues (4) Economic analysis of replenishable and nonreplenishable natural resources; environmental issues and policies. Prereq: EC 201.
340 Issues in Public Economics (4) Principles and problems of government financing. Expenditures, revenues, debt, and financial administration. Production by government versus production by the private sector. Tax measures to control externalities. Prereq: EC 201.
350 Labor Market Issues (4) Topics may include the changing structure of employment, the minimum wage, the dual labor market hypothesis, collective bargaining, discrimination, and health and safety regulation. Prereq: EC 201.
360 Issues in Industrial Organization (4) Topics may include analysis of market power, trends in industrial structure, the role of advertising, pricing policies and inflation, impact of social regulation (e.g., OSHA, EPA), and international comparisons. Prereq: EC 201.
370 Money and Banking (4) Operations of commercial banks, the Federal Reserve System, and the Treasury that affect the United States monetary system. Prereq: EC 202.
380 International Economic Issues (4) Exchange across international boundaries, theory of comparative advantage, balance of payments and adjustments, international financial movements, exchange rates and international financial institutions, trade restrictions and policy. Prereq: EC 201. This course also available on-line, see Distance Education.
390 Problems and Issues in the Developing Economies (4) Topics may include the role of central planning, capital formation, population growth, agriculture, health and education, interaction between economic and cultural change, and the “North-South debate.” Prereq: EC 201.
399 Special Studies: [Topic] (1-5R)
401 Research: [Topic] (1-21R)
404 Internship (1-4R) R for a maximum of 4 credits.
405 Reading and Conference: [Topic] (1-21R)
407/507 Seminar: [Topic] (1-5R) Yearly offerings vary depending on interests and needs of students and on availability of faculty members.
408/508 Workshop: [Topic] (1-21R)
410/510 Experimental Course: [Topic] (1-5R)
411/511 Advanced Microeconomic Theory (4) Advanced theory of consumer and firm behavior, market structures. Prereq: MATH 253 or MATH 263
413/513 Advanced Macroeconomic Theory (4) Advanced theory about the determination of aggregate income, employment, unemployment; evaluation of macroeconomic policies. Prereq: EC 411/511.
418, 419 Economic Analysis of Community Issues I, II (2,4) Hands-on experience applying economic analysis and econometrics to problems that face local community nonprofits and governmental agencies. Sequence. Prereq: EC 311,320.
320/520, 421/521 Introduction to Econometrics (4,4) Application of classical statistical techniques of estimation, hypothesis testing, and regression to economic models. Sequence. Prereq: MATH 242, 243 or equivalents. Includes two-hour laboratory section in Social Science Instructional Laboratory.
423/523, 424/524, 425/525 Econometrics (4,4,4) Regression problems of autocorrelation, heteroskedasticity, multicollinearity, and lagged dependent variables; special single-equation estimating techniques; the identification problem in a simultaneous equation setting; development of simultaneous equation estimating procedures; the properties of these estimators; applications of these procedures to the problem of obtaining estimates of structural parameters in economic models containing many equations. Prereq: MATH 281, MATH 341. Strongly Recommended: MATH 282, MATH 461, EC 320.
427/527 Games and Decisions (4) Game-theoretic methods of decision-making. Topics may include extensive-form games, noncredible threats, subgame perfect equilibrium, strategic-form games, undominated strategies, Nash equilibrium, coalitional games, and the core. Prereq: MATH 111 or equivalent, EC 320.
428/528 Behavioral and Experimental Economics (4) Investigates the “rational choice” model and behavioral alternatives, using laboratory experiments. Topics may include altruism, auctions, bargaining, behavioral finance, hyperbolic discounting, and decision-making under uncertainty. Prereq: EC311, EC 320.
430/530 Urban and Regional Economics (4) Location theory; urbanization and metropolitan growth; regional analysis; intraurban rent, location and land use, size distribution of urban areas; welfare economics, political economy, and urban problems. Prereq: EC 311, EC 320.
432/532 Economy of the Pacific Northwest (4) Locational factors influencing development of the region’s major industries; recent changes in income and population; problems and governmental policies in the areas of taxation, environment, and planning. Prereq: EC 311, EC 320.
433/533 Resource and Environmental Economics (4) Appropriate time pattern of harvest for a replenishable resource and appropriate rate of exhaustion of a nonreplenishable resource. Issues in natural resource and environmental policies. Prereq: EC 311, EC 320.
440/540 Public Economics (4) Theory of public goods and their optimal provision. Collective choice versus private choice and implications for resource allocation and efficiency. Prereq: EC 311, EC 320.
441/541 Public Finance (4) Public budgeting, detailed consideration of the principles of taxation and expenditure, analysis and comparison of various forms of taxation, government enterprises. Prereq: EC 311, EC 320.
443/543 Health Economics (4) Includes moral hazard and adverse selection; incentives faced by health care providers through reimbursement, managed care, and malpractice; rationale for government intervention in the health care sector. Prereq: EC 311, EC 320.
450/550 Labor Economics (4) Supply and demand for labor, wage determination under various market structures, minimum wage and work exploitation, Human capital investments, labor market signaling and sorting, discrimination, hedonic analysis of risk, uncertainty, and job matching. Prereq: EC 311, EC 320.
451/551 Issue in Labor Economics (4) Topics may include the determination of wages, employment, and unemployment; globalization and immigration; income inequality; internal labor markets; the role of unions; human capital, education, and schools. Prereq: EC 311, EC 320.
460/560 Theories of Industrial Organization (4) Theories, quantitative measures, and institutional descriptions of the structure, conduct, and results that characterize American industry. Emphasis is on the determinants and consequences of market power. Prereq: EC 311, EC 320.
461/561 Industrial Organization and Public Policy (4) Major policy instruments that have been developed to cope with social problems created by market power. The two principal instruments are antitrust and income policies. Prereq: EC 31, EC 3201.
470/570 Monetary Policy (4) Federal Reserve System strategies and methods of monetary and credit control. Effects of federal policies on prices, output, and employment. Prereq: EC 311, EC 313, EC 320.
471/571 Monetary Theory (4) Monetary theories of income, employment, and the price level. Critiques of Keynesian and classical analysis. Prereq: EC 313, EC 320.
480/580 International Finance (4) Foreign exchange markets, interaction between spot and forward markets, speculation and interest arbitrage, balance-of-payments accounting, measures of deficits and surpluses, “open-economy” macroeconomic issues. Prereq: EC 311, EC 320.
481/581 International Trade (4) Theories of international trade, direction of trade flows, determination of prices and volumes in international trade, tariffs, quotas, customs, unions, free versus restricted trade. Prereq: EC 311, EC 320.
484/584 Multinational Corporations (4) Economist’s perspective on multinational corporations. Explores the policies governments use to influence corporate behavior and patterns of investment; taxation as a tool for implementing public policy. Prereq: EC 311, EC 320.
490/590 Economic Growth and Development (4) Experience of developed countries and theories of development. Analysis of specific development programs, role of agriculture, sources of investment, techniques and strategies of investment planning. Prereq: EC 311, EC 313, EC 320.
491/591 Issues in Economic Growth and Development (4) Economic issues in developing countries, including use of central planning or markets, capital formation, agriculture, population growth, health and education systems, and the “North-South debate.” Prereq: EC 311, EC 313, EC 320.
493/593 The Evolution of Economic Ideas (4) Economic thought from the ancient world to the 20th century. Major schools of economic thought and their relationship to other social ideas of their times. Prereq: EC 311, EC 313, EC 320.
For a list of all currently offered courses go to