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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, 2024

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 325 Entrepreneurship: Principles, Concepts, Frameworks, and Fluency (3)

MAYMESTER Prerequisites, ECON 125 or permission of the instructor. This class provides a foundation in key principles, concepts, and fluency in entrepreneurship, specifically in the areas of design thinking, understanding consumers and customers, company strategy, and entrepreneurial finance and capital formation. Additionally, the class introduces important skills and tools important in startups and growth companies such as branding, storytelling and video making. Priority is given to students accepted into the Shuford Minor in Entrepreneurship.

ECON 393 Practicum in Entrepreneurship (3-6) ***Canceled***

MAYMESTER Prerequisites, ECON 125, 325, and an internship approved by the Shuford coordinator. This capstone course is a hands-on learning lab to prepare you for entrepreneurial life. This class introduces you to speakers, readings, podcasts, exercises, assignments and practical lessons about entrepreneurship. It provides you with critical analysis of your performance as seen through the lens of other Founders, Entrepreneurs, and Senior Executives. You develop both practical skills of financial and operational management and soft skills for personal and professional development needed to be competitive in entrepreneurial activity.

ECON 400 Introduction of Statistics and Econometrics (4)

Prerequisites, ECON 101, 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)

Prerequisite, ECON 101 with a grade of C or better; MATH 152, 231, STOR 112, or 113 with a grade of C- or better. This course explores the foundations of Microeconomic theory, focusing on the choices of consumers and producers. The organization of markets and its implications for firm behavior and market equilibrium are also examined.

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.

ECON 440 Analysis of Public Finance (3)

Prerequisites, ECON 400 and 410; a grade of C or better in ECON 400 and 410 is required. Application of economic analysis to the taxing and spending functions of government. Students may not receive credit for both ECON 340 and ECON 440.

ECON 445 Industrial Organization (3)

Prerequisites, ECON 400 and 410; a grade of C or better in ECON 400 and 410 is required. The course covers the causes and consequences of firms’ strategic behavior, focusing on situations in which firms have market power. The main analytical tools are microeconomic theory and game theory. Topics covered include: pricing, product design, imperfect competition, collusion and cartels, firm-to-firm supply relationships, mergers, and antitrust policy. Students may not receive credit for both ECON 345 and 445.

ECON 468 Socialism, Planning, and the Contemporary Russian Economy (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.

Second Session, 2024

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 (4)

Prerequisites, ECON 101, 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)

Prerequisite, ECON 101 with a grade of C or better; MATH 152, 231, STOR 112, or 113 with a grade of C- or better. This course explores the foundations of Microeconomic theory, focusing on the choices of consumers and producers. The organization of markets and its implications for firm behavior and market equilibrium are also examined.

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.

ECON 460 International Economics (3)

Prerequisites, ECON 400 and 410; a grade of C or better in ECON 400 and 410 is required. An introduction to international trade, the balance of payments, and related issues of foreign economic policy. Combined with PWAD 460 and EURO 460.

ECON 470 Econometrics (3)

Prerequisites, ECON 400 and 410; a grade of C or better in ECON 400 and 410 is required. Econometrics is the application of statistical methods and economic theory to the problem of identifying, estimating, and testing economic models. This course covers concepts and methods used in empirical economic research. Students will learn how to conduct and how to critique empirical studies in economics. Students may not receive credit for both ECON 470 and 570.