USF 1996-97 Undergraduate Catalog - Page 97 | Course Descriptions |

ECONOMICS (ECN)

Economics offers a clear, logical way of thinking about complicated business problems and contemporary social issues such as unemployment, inflation, pollution, and crime. The department offers two major programs. Option I, by offering broad choices, allows students to tailor their programs to provide training for careers in business, teaching, or government service. It is also excellent preparation for graduate education in business, law and other professional areas. Option II, by offering the student continuing concentration in price theory, aggregate economics, mathematical economics, and econometrics, prepares students for graduate education in economics. The department offers a minor program open to students throughout the University.

Students interested in majoring or minoring in economics should contact the undergraduate academic advisor in the Department of Economics for more information about the program.

Requirements for the B.A./B.S. Degree:

Within the 120-semester hour program as listed in the General Requirements section, students must complete a minimum of 18 hours of upper-level economics beyond the business core requirements. Students must obtain a grade of "C" or higher in ECO 3101, Intermediate Price Theory, in order to enroll in any course for which ECO 3101 or ECO 3203 is a prerequisite. No more than 3 hours credit can be applied toward a major from ECO 4905 and/or ECO 4914.

Option 1

Required Economics Courses:

1. ECO 3203

2. 15 hours of upper-level economics courses (to ensure broad coverage students must include at least one course from each of groups A, B, and C in their programs). At least 9 of the 15 hours of additional upper-level economics courses must be courses for which either ECO 3101 or ECO 3203 is a prerequisite. These courses are marked with an asterisk.

   Group A (at least 3 hours) selected from: ECO 3622, ECP 3413, ECP 3613, ECP 4232, ECS 3013

   Group B (at least 3 hours) selected from: *ECO 4303, ECO 4323, *ECP 4451, ECS 4003

   Group C (at least 3 hours) selected from: *ECO 3703, *ECO 4504, *ECO 4213, *ECP 3203, *ECP 3530, ECO 4935 (Selected Topics - *Industrial Organization)

Option II

Required Economics courses (15 hours):

1. ECO 3203 Intermediate Income and Monetary Analysis

2. ECO 4102 Advanced Price Theory

3. ECO 4201 Advanced Macroeconomic Theory

4. ECO 4401 Mathematical Economics

5. ECO 4421 Introduction to Econometrics

6. Additional upper-level economics course (3 hours)

Requirements for a Minor in Economics

Students majoring in Business Administration, as well as students from other colleges, may minor in Economics. The requirements are:

1. ECO 2023 Economic Principles (Microeconomics) (3);
   ECO 2013 Economic Principles (Macroeconomics) (3);
   ECO 3101 Intermediate Price Theory (3);
   ECO 3203 Intermediate Income & Monetary Analysis (3),
   Upper level economics electives (6)
   Total Economics Hours (18)
   - (excluding the variable credit courses ECO 4905 and 4914)
   QMB 3200 Business and Economic Statistics II, or its equivalent, is acceptable for credit in the minor.

2. Before being recognized as a minor in economics, students must obtain approval of the courses involved in their minor program from the advisor in the Economics department.

3. A grade-point average of 2.0 or better must be achieved in the minor coursework.

4. At least 12 of the required 18 credits must be taken in residence at USF.

USF 1996-97 Undergraduate Catalog - Page 193

ECONOMICS FACULTY

USF 1996-97 Undergraduate Catalog - Pages 194 - 195

ECONOMICS COURSES

ECO 1000 BASIC ECONOMICS -SS (3)

Survey of Economic principles and issues. Scarcity, choice, markets, prices, the monetary system, unemployment, inflation, international trade and finance. (No credit after completing ECO 2023/2013. No credit toward the major or minor in Economics.

ECO 2013 ECONOMIC PRINCIPLES (MACROECONOMICS) -SS (3)

PR: ECO 2023. Introduction to the theory of income determination with emphasis on monetary and fiscal policies. Objectives of full employment, price stability, economic growth, balance of payments stability.

ECO 2023 ECONOMIC PRINCIPLES (MICROECONOMICS) -SS (3)

Introduction to the theory of price determination. How an economy decides what to produce, how to produce and how to distribute goods and services.

ECO 2935 SELECTED TOPICS IN ECONOMICS (1-3)

PR: CI. Topics selected by department. May be repeated if topics vary. Not available for credit to upper-level students admitted to the College of Business.

ECO 3101 INTERMEDIATE PRICE THEORY (3)

PR: ECO 2023. The price system and allocation of scarce resources between competing uses.

ECO 3203 INTERMEDIATE INCOME & MONETARY ANALYSIS (3)

PR: ECO 2013 and ECO 3101 with a grade of "C" or better. Determination of income, employment, prices, and interest rates. Aggregate demand and aggregate supply.

ECO 3622 AMERICAN ECONOMIC HISTORY (3)

PR: ECO 2023. Growth and evolution of American economic institutions from Colonial times to the present.

ECO 3703 INTERNATIONAL ECONOMICS (3)

PR: ECO 3101 with a grade of "C" or better. Role of international trade in the U.S. economy. Gains from trade, balance of payments, exchange rate determination, balance of payments stability and international commercial policy.

ECO 4105 ADVANCED PRICE THEORY (3)

PR: Grade of B or better in ECO 3101. An advanced survey of special topics in microeconomics: borrowing and saving, decision making under certainty, markets for capital and labor, game theory, production and exchange efficiency, social welfare, and efficiency consequences of market and non-makret allocation.

ECO 4201 ADVANCED MACROECONOMIC THEORY (3)

PR: Grade of "B" or better in ECO 3203. An advanced survey of special topics in macroeconomics. Develops and contrasts the neoclassical growth, endogenous growth, real business cycle and new Keynesian models. Relevant empirical studies are presented.

ECO 4303 HISTORY OF ECONOMIC THOUGHT (3)

PR: ECO 3101 with a grade of "C" or better. Development of economic thought from Plato to Marshall.

ECO 4323 MARXIST POLITICAL ECONOMY (3)

PR: ECO 2013 or CI.The Marxist school of thought in economics. Application of Marxist theory to problems of advanced capitalist and socialist societies.

ECO 4401 INTRODUCTION TO MATHEMATICAL ECONOMICS (3)

PR: ECO 2013, QMB 3200, and MAC 3233 or CI. Mathematical models of optimizing behavior and economic equilibrium.

ECO 4421 INTRODUCTION TO ECONOMETRICS (3)

PR: QMB 3200 with grade of "B" or better or CI. Survey of basic econometric techniques. Regression analysis employed to estimate consumption, investment, demand, cost, and production functions. Examines problems of autocorrelation, heteroscedasticity, multicollinearity, and specification errors.

ECO 4504 PUBLIC FINANCE (3)

PR: ECO 3101 with a grade of "C" or better. The public sector and its contribution to economic welfare. Government expenditures and revenues. Resource allocation, income distribution, stabilization, and economic growth.

ECO 4713 INTERNATIONAL MONETARY RELATIONS (3)

PR: ECO 3203 Advanced analysis of international macroeconomic relationships. Foreign exchange market, international monetary system balance of payments.

ECO 4723 INTERNATIONAL COMMERCIAL POLICIES (3)

PR: ECO 3101 with a grade of "C" or better. Advanced analysis of international trade theory and commercial policy, international economic integration, multinational enterprise.

ECO 4905 INDEPENDENT STUDY (1-3)

PR: CI. Specialized independent study determined by the student's needs and interests. May be repeated up to 6 credit hours. (S/U only.)

ECO 4914 INDEPENDENT RESEARCH (1-3)

PR: CI. Individual study contract with instructor and department chairperson required. The research project will be mutually determined by the student and instructor. May be repeated up to 6 hours.

ECO 4935 SELECTED TOPICS IN ECONOMICS (1-3)

PR: CI. Topics to be selected by the instructor or instructors on pertinent economic issues.

ECP 3203 LABOR ECONOMICS (3)

PR: ECO 3101 with a grade of "C" or better. Determinants of wage and employment levels; occupation, industrial and geographical wage differentials, union and public policy effects on labor markets; the economics of discrimination; inflation and unemployment.

ECP 3302 ENVIRONMENTAL ECONOMICS (3)

PR: ECO 2023. An economic analysis of environmental issues. The economics of resource use and pollution control are examined using the concepts of externalities, cost-benefit analysis, public goods, and property rights.

ECP 3413 ECONOMICS OF REGULATION AND ANTITRUST (3)

PR: ECO 2023. Economic analysis of the rationale and performance of government regulation and antitrust policy. Examination of antitrust issues or price fixing, mergers, and monopolization, and issues of regulating electric utilities, airlines, trucking, consumer product safety, product quality, and the environment.

ECP 3530 ECONOMICS OF HEALTH (3)

PR: ECO 3101 with a grade of "C" or better. Application of economic methods to health care topics. Demand for medical care, public and private health insurance; physican and hospital supply of medical care; government regulations and national healthcare systems.

ECP 3613 ECONOMICS OF THE URBAN ENVIRONMENT (3)

PR: ECO 2013 and ECO 2023. Economic analysis of cities and urban social problems. Poverty, discrimination, housing, transportation, pollution, crime and fiscal considerations.

ECP 4232 COLLECTIVE BARGAINING AND PUBLIC POLICY (3)

PR: ECO 2023 or CI. Administration of labor management agreements. Impact of the government role in collective bargaining and labor relations.

ECP 4451 LAW AND ECONOMICS (3)

PR: ECO 2023. Advanced analysis of the economic impact of tort, criminal, property and contract law as well as in the formation and adjudication of law.

ECS 3013 ECONOMIC DEVELOPMENT (3)

PR: ECO 2013 or CI. Economic development in emerging nations.

ECS 4003 COMPARATIVE ECONOMIC SYSTEMS (3)

PR: ECO 2013 or CI. The major economic systems: traditional, capitalism, democratic socialism, communism and fascism.

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Karen M. Hall - webCat@ugs.usf.edu
Effective Date: Semester I, 1996