ARCHIVE: Spring 2002
Economics (ECN)

ECN 111 Macroeconomic Principles. (3)
fall, spring, summer
Basic macroeconomic analysis. Economic institutions and factors determining income levels, price levels, and employment levels.
General Studies: SB

ECN 112 Microeconomic Principles. (3)
fall and spring
Basic microeconomic analysis. Theory of exchange and production, including the theory of the firm.
General Studies: SB

ECN 306 Survey of International Economics. (3)
fall and spring
Survey of international trade issues, commercial policy, trade theory, customs unions, and international monetary topics. Not for Economics majors. Lecture, discussion. Cross-listed as IBS 306. Credit is allowed for only ECN 306 or IBS 306. Prerequisites: ECN 111 (or 112); 2.00 ASU GPA; junior standing.
General Studies: SB, G

ECN 313 Intermediate Macroeconomic Theory. (3)
fall and spring
Determinants of aggregate levels of employment, output, and income of an economy. Prerequisites: ECN 111, 112. Prerequisite with a grade of “C” or higher: MAT 210.
General Studies: SB

ECN 314 Intermediate Microeconomic Theory. (3)
fall, spring, summer
Role of the price system in organizing economic activity under varying degrees of competition. Prerequisite with a grade of “C” or higher: ECN 111, 112; MAT 210 (or 270).
General Studies: SB

ECN 315 Money and Banking. (3)
summer
Functions of money. Monetary systems, credit functions, banking practices, and central banking policy. Cannot be applied to the Economics major. Prerequisite: ECN 111.

ECN 331 Comparative Economic Systems. (3)
not regularly offered
Alternative institutions, past and present, for organizing the social division of labor. Property rights, information, and incentives in industrial societies. Prerequisite: ECN 111 or 112.
General Studies: SB, G

ECN 360 Economic Development. (3)
not regularly offered
Theories of economic growth and development. Role of capital formation, technological innovation, population, and resource development in economic growth. Prerequisites with a grade of “C” or higher: ECN 111, 112.
General Studies: SB, G

ECN 365 Economics of Russia and Eastern Europe. (3)
once a year
Origins and analysis of contemporary institutions. Comparative development and differentiation in the 20th century. Prerequisite: ECN 111 or 112.
General Studies: SB, G

ECN 382 Managerial Economics. (3)
once a year
Applies economic analysis to managerial decision making. Market analysis in the context of the socio-legal environment. Not for Economics majors. Lecture, discussion. Prerequisites: ECN 111, 112; 2.00 ASU GPA; junior standing.

ECN 384 Economics of Social Behavior. (3)
once a year
Applies economic analysis to contemporary behavior: discrimination, work versus leisure, crime, medical care, macroeconomic policies. Not for Economics majors. Lecture, student participation. Prerequisites: 2.00 ASU GPA; junior standing.
General Studies: SB

ECN 394 Special Topics. (3)
not regularly offered
Current topics of domestic or international interest. Analytical emphasis may be macro, micro, or both. See current Schedule of Classes for offerings. Not for Economics majors. Prerequisite: ECN 111 or 112.

ECN 404 History of Economic Thought. (3)
not regularly offered
Development of economic doctrines, theories of mercantilism, physiocracy, classicism, neoclassicism, Marxism, and contemporary economics. Prerequisite: ECN 314 or instructor approval.
General Studies: L/SB

ECN 421 Earnings and Employment. (3)
once a year
Analyzes earnings, employment, unemployment, training, education, and related topics. Emphasizes policy issues. Prerequisite: ECN 314 or instructor approval.
General Studies: L/SB

ECN 436 International Trade Theory. (3)
once a year
Comparative-advantage doctrine, including practices under varying commercial policy approaches. Economic impact of international disequilibrium. Prerequisite: ECN 314 or instructor approval.
General Studies: SB, G

ECN 438 International Monetary Economics. (3)
once a year
History, theory, and policy of international monetary economics. Balance of payments and exchange rates. International financial markets including Eurocurrency markets. Prerequisite: ECN 313 or instructor approval.
General Studies: SB, G

ECN 441 Public Finance. (3)
once a year
Public goods, externalities, voting models, public expenditures, taxation, and budget formation with emphasis on the federal government. Prerequisite: ECN 314 or instructor approval.
General Studies: L/SB

ECN 450 Law and Economics. (3)
once a year
Economics of the legal system including analysis of property, contracts, torts, commercial law, and other topics. Discussion, analysis. Prerequisite: ECN 314.
General Studies: L

ECN 453 Government and Business. (3)
once a year
Development of public policies toward business. Antitrust activity. Economic effects of government policies. Prerequisite: ECN 314 or instructor approval.

ECN 480 Introduction to Econometrics. (3)
once a year
Elements of regression analysis: estimation, hypothesis tests, prediction. Emphasizes use of econometric results in assessment of economic theories. Prerequisite: instructor approval.
General Studies: CS

ECN 484 Economics Internship. (3)
fall, spring, summer
Academic credit for professional work organized through the Internship Program. Prerequisites: ECN 313, 314; minimum cumulative ASU GPA of 3.00.

ECN 485 Mathematical Economics. (3)
once a year
Integrates economic analysis and mathematical methods into a comprehensive body of knowledge within contemporary economic theory. Prerequisite: instructor approval.

ECN 493 Honors Thesis. (3)
not regularly offered
General Studies: L

ECN 494 Special Topics. (1 – 4)
not regularly offered
Current economic topics of domestic or international interest. Analytical emphasis may be macro, micro, or both. See current Schedule of Classes for offerings. Prerequisites: both ECN 313 and 314 or only instructor approval.

ECN 498 Pro-Seminar. (3)
once a year
Topics chosen from current area of interest. Prerequisites: both ECN 313 and 314 or only instructor approval.

ECN 502 Managerial Economics. (3)
fall and spring
Applies microeconomic analysis to managerial decision making in areas of demand, production, cost, and pricing. Evaluates competitive strategies. Prerequisite: M.B.A. degree program student.

ECN 503 Global Economics for Managers. (3)
fall and spring
Macroeconomic analysis of issues related to economic growth, inflation, interest rates behavior, unemployment, exchange rate determination, and global competitiveness. Prerequisite: M.B.A. degree program student.

ECN 504 History of Economic Thought. (3)
spring
Historical development of economic theory. Emphasizes the development of economic analysis from preclassical economics through Keynes. Prerequisite: ECN 510 or instructor approval.

ECN 509 Macroeconomic Theory and Applications. (3)
fall
Theory of income, output, employment, and price level. Influence on business and economic environment. Prerequisites: both ECN 111 and calculus or only instructor approval.

ECN 510 Microeconomic Theory and Applications. (3)
fall
Applies economic theory to production, consumer demand, exchange, and pricing in a market economy. Prerequisites: both ECN 112 and calculus or only instructor approval.

ECN 511 Macroeconomic Analysis I. (3)
fall
Current theories of output, employment, inflation, and asset prices as well as major aggregates. Introduces dynamic optimization techniques. Prerequisites: both ECN 313 and calculus or only instructor approval.

ECN 512 Microeconomic Analysis I. (3)
fall
Theory of production, consumer demand, resource use, and pricing in a market economy. Prerequisites: both ECN 314 and calculus or only instructor approval.

ECN 513 Macroeconomic Analysis II. (3)
fall
Focuses on growth theory, dynamic general equilibrium models, monetary theory, open-economy issues. Prerequisite: ECN 511 or instructor approval.

ECN 514 Microeconomic Analysis II. (3)
spring
General equilibrium, welfare economics, production, and capital theory. Prerequisite: ECN 512 or instructor approval.

ECN 515 Advanced Macroeconomic Analysis. (3)
fall
Focuses on current research areas in macroeconomics and monetary theory with emphasis on methods in economic dynamics and numerical techniques. Prerequisite: ECN 511 or instructor approval.

ECN 516 Economics of Uncertainty, Information, and Strategic Behavior. (3)
fall
Economic behavior under uncertainty; markets and contracts under asymmetric information; the theory of games with incomplete information and applications. Prerequisite: ECN 512 or instructor approval.

ECN 517 Monetary Theory. (3)
fall
Traditional and post-Keynesian monetary theory, interest rate determination, the demand and supply of money. Prerequisite: ECN 511 or instructor approval.

ECN 521 Labor Economics I. (3)
spring
Development of basic theoretical models for analyzing labor market issues. Prerequisite: ECN 510 or instructor approval.

ECN 522 Labor Economics II. (3)
not regularly offered
Extensions/criticisms of labor market theories. Applications to a variety of policy issues. Prerequisite: ECN 521.

ECN 525 Econometrics I. (3)
spring
Problems in the formulation of econometric models. Emphasizes estimation, hypothesis testing, and forecast of general linear models. Prerequisite: 6 hours in statistics or instructor approval.

ECN 526 Econometrics II. (3)
fall
Estimation and inference of qualitative and limited dependent variable models as well as general multiple equation models. Prerequisite: ECN 525 or instructor approval.

ECN 527 Econometrics III. (3)
spring
Generalized method of moment estimation, estimation with censored and truncated samples, nonlinear models, panel-data models, econometrics of nonstationarities. Prerequisite: ECN 526 or instructor approval.

ECN 531 Comparative Economic Systems. (3)
fall
Philosophical foundations of major economic systems and of properties of principal system models. Comparison of alternative institutions and system components of contemporary economies. Prerequisites: both ECN 509 and 510 or only instructor approval.

ECN 536 International Trade Theory. (3)
spring
Theories of comparative advantage and their empirical verification. Theory and political economy of commercial policy. Resource transfers and the role of the multinational corporation. Prerequisites: both ECN 509 and 510 or only instructor approval.

ECN 538 International Monetary Theory and Policy. (3)
fall
Foreign exchange market, balance of payments, and international financial institutions and arrangements; theory and applications. Prerequisites: both ECN 509 and 510 or only instructor approval.

ECN 541 Public Economics. (3)
fall
Economics of collective action, public spending, taxation, and politics. Impact of central governmental activity on resource allocation and income distribution. Prerequisite: ECN 510 or instructor approval.

ECN 553 Industrial Organization. (3)
spring
Analyzes structure, conduct, and performance in industrial markets; the economics of organizations. Prerequisite: ECN 510 or instructor approval.

ECN 560 Economics of Growth and Development. (3)
fall
Economic problems, issues, and policy decisions facing the developing nations of the world. Prerequisites: both ECN 509 and 510 or only instructor approval.

ECN 584 Economics Internship. (1 – 3)
summer
Academic credit for professional work organized through the Internship Program. Prerequisites: both ECN 510 and 511 or only instructor approval.

ECN 585 Mathematics for Economists. (3)
fall
Survey of mathematical ideas encountered in economics and econometrics: nonlinear programming, the Kuhn-Tucker theorem, concave programming, optimization over time. Prerequisite: calculus or instructor approval.

ECN 591 Economics Seminar. (1 – 3)
fall, spring, summer
Presentations by outside speakers, department faculty, and graduate students of work in progress. Prerequisite: instructor approval.

ECN 593 Applied Projects. (3)
fall
Preparation of a supervised applied project typically in conjunction with an internship. Prerequisites: ECN 510, 511.

ECN 594 Conference and Workshop in Economics. (1 – 12)
fall
Workshops offered include: economic analysis, microeconomic analysis, macroeconomics.

ECN 598 Special Topics. (3)
not regularly offered
Advanced topics in economics. Consult the Schedule of Classes for offerings. Prerequisite: instructor approval.

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