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USF 1997-98 Undergraduate Catalog - Pages 77 - 78 | Course Descriptions |

ECONOMICS (ECN)

Economics offers a clear and logical way of thinking about complicated issues such as unemployment, inflation, pollution, and crime. The department offers broad course choices allowing students to tailor their programs to provide training for professional careers in business, teaching, government, and law. Students interested in majoring or minoring in economics should contact the undergraduate academic advisor in the Economics Department for more information. The Department also offers a minor in economics.

Requirements for the Major in Economics:

A student may earn a Bachelor of Arts degree with a major in Economics by satisfactorily completing 33 credits in Economics in addition to college requirements. The 33 credits must include at least:

ECO 3100, Managerial Economics, may be substituted for ECO 3101. Either ECO 1000 (if taken before both ECO 2013 and ECO 2023) or QMB 2150 (if taken as a prerequisite to QMB 3200) may be substituted for a maximum of 3 hours of upper level elective credit. Students must obtain a grade of “C” or higher in ECO 3101 or ECO 3100 in order to enroll in any course for which ECO 3101, ECO 3100 or ECO 3203 is a prerequisite. At least 9 of the 15 hours of upper level economics electives must be in courses for which either ECO 3101, ECO 3100 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. At least 12 hours must be taken in residence at USF. Grades of “C” or better in ECO 2013 and ECO 2023 are required for graduation with a major in Economics. Economics majors working at the regional campuses cannot expect to fulfill all economics course requirements at those campuses.

Requirements for the Minor in Economics:

Students from throughout the University may earn a minor in Economics by satisfactorily completing 18 hours in Economics including:

ECO 1000, if taken before both ECO 2013 and ECO 2023, may be substituted for 3 hours of upper level electives. Before being recognized as a minor in economics a student must obtain program approval by the Economics Department Undergraduate Advisor. A grade point average of 2.0 or higher must be achieved in minor course work for certification of the minor for graduation. ECO 4905 and ECO 4914 may not be counted toward the minor. At least 6 hours must be taken in residence at USF.

The Economics Pre-Law Curriculum

Economic principles provide the foundation for much of our legal system. Economics offers a series of courses to provide the abstract and applied skills required by those seeking legal careers.

Beyond ECO 2013 Economic Principles (Macroeconomics) and ECO 2023 Economic Principles (Microeconomics), students should elect ECP 4451 Law and Economics. ECP 3413 Economics of Regulation and Antitrust and ECO 4935 Economics of Crime are strongly recommended. Additional courses of interest are: ECO 4504 Public Finance, ECP 3530 Economics of Health, ECP 3302 Environmental Economics, ECP 3203 Labor Economics, ECP 3201 Economics of Women and Work.

The Economics Pre-Law Curriculum fits easily within the Economics major or minor but is open to other students. The Economics Department Undergraduate Advisor has helpful advice for students taking the Law School Admissions Test or applying for admission to law schools.

Program of Study at a Florida Community/Junior College or SUS School for Students Planning to Transfer to USF (State Mandated Common Prerequisites)

Students should complete the following prerequisite courses listed below at the lower level prior to entering the University. If these courses are not taken at the community college, they must be completed before the degree is granted. Unless stated otherwise, a grade of “C” is the minimum acceptable grade.

Please be aware of the immunization, foreign language, and continuous enrollment policies of the university.


USF 1997-98 Undergraduate Catalog - Page 104

ECONOMICS FACULTY

Chairperson: J. W. Rowe, Jr.; Professors: D. M. Bellante, T. D. Curtis, J. S. DeSalvo, K. Gyimah-Brempong, J. S. Hodgson, M. G. Herander, P. K. Porter, J. W. Rowe, Jr., E. W. Shows; Professors Emeriti: G. Brunhild, W. J. Herman; Associate Professors: J. P. Cooke, E. J. Ford, C. A. Green, E. A. Hanni, R. F. Shannon, J. G. Spence, C. R. Thomas, R. M. Wilson; Assistant Professors: B. Kamp, S. S. Lee, G. Picone, J. Racine, J. Swinton; Lecturers: S. Bartlett, S. Brandmeyer, V. H. Grigg.
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USF 1997-98 Undergraduate Catalog - Pages 161 - 162

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)

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)

PR: ECO 2013. 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 3100 MANAGERIAL ECONOMICS (3)

PR: ECO 2023. Application of microeconomic theory to problems in business decision making with a special focus on price determination. (May not receive credit for both ECO 3100 and ECO 3101.)

ECO 3101 INTERMEDIATE PRICE THEORY (3)

PR: ECO 2023. The price system and allocation of scarce resources between competing uses. (May not receive credit for both ECO 3100 and ECO 3101.)

ECO 3203 INTERMEDIATE INCOME & MONETARY ANALYSIS (3)

PR: ECO 2013 and ECO 3100 or 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 -XMW (3)

PR: ECO 3100 or 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 3100 or 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-market 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 3100 or ECO 3101 with a grade of "C" or better. Development of economic thought from Plato to Marshall.

ECO 4323 MARXIST POLITICAL ECONOMY -XMW (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 2233 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 3100 or 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 3100 or 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 3201 ECONOMICS OF WOMEN AND WORK -XMW (3)

PR: ECO 1000 or ECO 2013 and 2023. Survey of research on women, men and work in the labor market and the household. Focuses on the economic status of women. Includes historical perspective, examination of the family as an economic unit, changing work roles, gender differences in occupation and earnings.

ECP 3203 LABOR ECONOMICS (3)

PR: ECO 3100 or 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 -XMW (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 3100 or 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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Effective Date: Semester I, 1997

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