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Economics

107 Gardner Hall, CB# 3305
(919) 966-2383

NOTE: ECON 101 or equivalent is a prerequisite to all courses numbered above the 100 level. ECON 400 and 410 with a grade of C or better are a prerequisite for courses above 420. Courses designed for specific majors are ECON 310 for Management and Society majors and any 400 or 500 level courses for Economic majors. Only one in each of the following groups may be taken for graduation credit: 310 or 410; 320 or 420; 320 or 423; 340 or 440; 345 or 445; 380 or 480.

First Session, 2022

ECON 101 Introduction to Economics (4)

Introduction to fundamental issues in economics including competition, scarcity, opportunity cost, resource allocation, unemployment, inflation, and the determination of prices.

ECON 345 Public Policy Toward Business (MNGT 345) (3)

Industry structure and its relation to performance; market imperfections; description and analysis of antitrust and regulation. Students may not receive credit for both ECON 345 and ECON 445.

ECON 390 Innovating in the Digital Economy (3) ****Canceled****

MAYMESTER. The course is designed to help students develop and monetize their digital and in-person reputations. Students develop high-resolution ideation and marketing skills. We acquire expertise in game-changing trends. We develop a street smart version of finance through cash flow forecasting and core fundraising techniques. By the end of class, students will establish authentic digital reputations, thrive in in-person situations, and be agile in fast-changing workplaces and economies.

ECON 400 Introduction of Statistics and Econometrics (3)

Prerequisites, ECON 101, STOR 155, and one of MATH 152, 231, STOR 112 or 113. Comprehensive introduction to statistics, including descriptive statistics and statistical graphics, probability theory, distributions, parameter estimation, hypothesis testing, simple and multiple regression, and use of powerful statistical estimation software. This course includes a substantial introduction to basic econometrics.

ECON 410 Intermediate Microeconomics (4)

Prerequisites, ECON 101, and one of MATH 152, 231, STOR 112 or 113. The determination of prices and the distribution of income in a market system. Students may not receive credit for both ECON 310 and 410.

ECON 420 Intermediate Macroeconomics (3)

Prerequisite, ECON 410 with a grade of C or better. An introduction to contemporary macroeconomic concepts and analysis. Topics include the level, fluctuations, and growth of national income, and monetary and fiscal policies designed to achieve economic goals. Students may not receive credit for both ECON 320 and 420.

ECON 425 Financial Economics (3)

Requisites: Prerequisites, ECON 400, 410, and 420; a grade of C or better in ECON 400 and 410 is required. How does a risk averse individual allocate their funds? Students begin by defining and measuring risk, making connection to their microeconomics training. They then develop and use asset pricing models to explore the interplay between risk and return. Finally, students use these tools to develop a mean-variance optimal portfolio allocation. Students are introduced to basic quantitative tools and participate in myriad practical applications.

ECON 468 Principles of Soviet and Post-Soviet Economic Systems (3)

MAYMESTER. Prerequisites, ECON 400, and 310 or 410; a grade of C or better in ECON 400, and 310 or 410 is required. Study of the principles, design, organization, and performance of state-controlled economies relying on planning or regulated markets, with an emphasis on continuity and post-communist transition.

ECON 480 Labor Economics (3)

Prerequisites, ECON 400 and 410; a grade of C or better in ECON 400 and 410 is required. An introduction to the field of labor economics with emphasis on how the interactions between firms and workers influence wages, employment, unemployment, and inflation. Students may not receive credit for both ECON 380 and ECON 480.

Second Session, 2022

ECON 101 Introduction to Economics (4)

Introduction to fundamental issues in economics, including competition, scarcity, opportunity cost, resource allocation, unemployment, inflation, and the determination of prices.

ECON 400 Introduction of Statistics and Econometrics (3)

Prerequisites, ECON 101, STOR 155, and one of MATH 152, 231, STOR 112 or 113. Comprehensive introduction to statistics including descriptive statistics and statistical graphics, probability theory, distributions, parameter estimation, hypothesis testing, simple and multiple regression, and use of powerful statistical estimation software. This course includes a substantial introduction to basic econometrics.

ECON 410 Intermediate Microeconomics (4)

Prerequisites, ECON 101, and one of MATH 152, 231, STOR 112, or 113. The determination of prices and the distribution of income in a market system. Students may not receive credit for both ECON 310 and 410.

ECON 420 Intermediate Macroeconomics (3) ****Canceled****

Prerequisite, ECON 410 with a grade of C or better. An introduction to contemporary macroeconomic concepts and analysis. Topics include the level, fluctuations, and growth of national income, and monetary and fiscal policies designed to achieve economic goals. Students may not receive credit for both ECON 320 and 420.

ECON 480 Labor Economics (3)

Prerequisites, ECON 400 and 410; a grade of C or better in ECON 400 and is required. An introduction to the field of labor economics with emphasis on how the interaction 410s between firms and workers influence wages, employment, unemployment, and inflation. Students may not receive credit for both ECON 380 and ECON 480.