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Economics and Management Department Homepage

ECON 100. Introduction to Economics (1 course)

Survey of basic concepts and processes in microeconomics and macroeconomics: production, income, demand, supply, cost, price, market structures, money, government finance and international trade and finance.

ECON 140. Contemporary Economic Problems (1 course)

Analysis of selected current economic problems using economic principles. The economic problems covered by this course vary from semester to semester. Prerequisite: ECON 100.

ECON 150. Introduction to Financial Accounting (1 course)

Financial accounting principles and procedures involved in the accumulation, evaluation and use of the firm's financial data by managers, investors, economists, the general public and other interested parties. (May be taken before or after ECON 280.) Prerequisite: ECON 100.

ECON 190. Topics in Economics and Management (1/2-1 course)

A. Economics; B. Management. Detailed study of theoretical and policy aspects of such topics as inflation, resource and product pricing, management, market structure, government-business relations, financial markets and international trade. Prerequisite: varies according to the topic offered. May be repeated for credit with different topics.

ECON 197.  First-Year Seminar      (1 course)

A seminar focused on a theme related to the study of economics. Open only to first-year students.

ECON 235. Modern Economic History (1 course)

Emphasizing the American experience, the historical development of modern economic institutions and the role of economic factors in the emergence of contemporary industrial society. Prerequisite: ECON 100.

ECON 250. Economics of Income Differences (1 course)

Analysis of economists' explanations of income differences among people in the United States and between developed and less-developed nations. Topics vary but often include income and wealth differences, poverty, employment and unemployment. Prerequisite: ECON 100.

ECON 262. Urban Economics (1 course)

Survey of basic urban economic problems. Topics covered include why cities exist, where they develop, how they grow and how different activities are arranged within cities. Additional topics covered include economics of urban problems such as poverty, inadequate housing, congestion, pollution and crime. Prerequisite: ECON 100.

ECON 280. Managerial Accounting (1 course)

Course deals with product costing and managerial decision making, involving cost-volume-profit analysis, capital budgeting with tax considerations, make or buy decisions, developing criteria for evaluating divisional performance and several other subjects. Prerequisite: ECON 100.

ECON 290. Topics in Economics and Management (1/2-1 course)

A. Economics; B. Management. Detailed study of theoretical and policy aspects of such topics as inflation, resource and product pricing, management, market structure, government-business relations, financial markets and international trade. Prerequisite: varies according to the topic offered. May be repeated for credit with different topics.

ECON 294. Intermediate Microeconomic Theory (1 course)

Decision-making by firms, households and other economic units about production, consumption, pricing, resource allocation, market structure and externalities. Prerequisite: ECON 100.

ECON 295. Intermediate Macroeconomic Theory (1 course)

Analysis of factors determining levels of national income and employment, including consumption, investment and government fiscal policy, with applications to such problems as economic instability, inflation and growth. Prerequisite: ECON 100.

ECON 310. The History of Economic Thought (1 course)

A treatment of some of the major figures and trends in the history of economic ideas. Topics may vary but will include an examination of the contribution of the Mercantilists, Physiocrats, Classical and Neoclassical economists to our understanding of the individual, value and the market; transactions and their mediation; economic growth and development; the distribution of output; and the roles of capital and labor. Readings may include among others the economic writings of Locke, Quesnay, Smith, Ricardo, Marx, Mill, Menger, Bohm-Bawerk, Marshall and Keynes. Prerequisite: ECON 100 or permission of instructor.

ECON 315. Economics of the Labor Market (1 course)

Introduction to the method and manner in which the economic analysis of the labor market proceeds. Both traditional and alternative methods of labor market analysis are studied. Topics include demand for and supply of labor, human capital and public policy issues. Prerequisite: ECON 100.

ECON 342. Comparative Economic Systems (1 course)

This course analyzes the difference in economics institutions across countries. By looking at the economic incentives in corporations, financial institutions and governments in several different countries, the course will address the question of how different market systems provide incentives to encourage economic growth. By the end of the course, students will be able to analyze the economic implications of a country's institutional arrangements and evaluate the role of government in the economy. Prerequisite: ECON 100.

ECON 350. Quantitative Analysis for Economics and Management (1 course)

Application of elementary principles of traditional and modern statistical analysis to economic and business decision making. Emphasis is on regression analysis using simple-and multiple-equation models, hypothesis testing, use of the dummy variables, testing for serial correlation and other related problems. Prerequisite: ECON 100. Students who have completed MATH 340 or PSY 210 will receive only one-half credit for ECON 350.

ECON 360. Investment Analysis and Portfolio Management (1 course)

The theories of the value of investment instruments are examined. Topics covered include the theories of capital markets and portfolio management. Emphasis is placed on modern portfolio theory. Prerequisite: ECON 350, MATH 340 or permission of instructor.

ECON 375. Mathematical Economics (1 course)

This course integrates mathematical techniques and economic theory. Mathematical techniques such as linear algebra and differential calculus are used to examine the mathematical foundation of the neo-classical paradigm. Economic concepts such as profit maximization, utility maximization and cost minimization are considered using optimization and comparative static techniques. Prerequisite: ECON 294 and MATH 151.

ECON 390. Topics in Economics and Management (1/2-1 course)

A. Economics; B. Management. Detailed study of theoretical and policy aspects of such topics as inflation, resource and product pricing, management, market structure, government-business relations, financial markets and international trade. Prerequisite: varies according to the topic offered. May be repeated for credit with different topics.

ECON 393. Managerial Finance (1 course)

Application of economic analysis to business financial decisions such as: management of current and fixed assets, current and long-term liabilities, capital budgeting with or without capital constraints, mean variance analysis, optimal capital structure, dividend policy and other topics affecting the valuation of a business firm. Prerequisite: ECON 150 and 350.

ECON 394. Model Building and Forecasting (1 course)

A study of statistical methods to forecast economic, financial and business data series and to evaluate the effects of external events on these data; the methods are also applicable to data from the natural, physical and social science and the humanities. Topics include such things as weighted average forecasts, seasonal patterns, business cycle patterns, evaluation of qualitative policy events, procedures for estimating the effects of leading indicators, methods for detecting and treating unusual observations and methods for combining several forecasts to improve accuracy. Prerequisite: ECON 350 or an equivalent course.

ECON 398. Business Policy (1 course)

A study of the formulation and implementation of business strategy. Topics include planning, control, economic analysis and organization theory. Extensive use is made of case studies. Prerequisite: ECON 280 or permission of instructor. Management Fellows who will take HONR 400 should see chair or instructor.

ECON 400SS. Teaching of Social Studies (1/2 course)

See HIST 400SS.

ECON 410. Public Finance (1 course)

The economic principles used to analyze government's role in the economy are developed. Microeconomic theory is used to examine government tax and expenditure policies, especially as they affect resource allocation and income distribution. Both efficiency and equity questions are addressed. Topics include expenditure programs designed to affect the allocation of resources, e.g., national defense outlays, income distribution, e.g., food stamps, and the major forms of taxation, e.g., income and sales taxes. Prerequisite: ECON 294 or permission of instructor.

ECON 420. International Economics (1 course)

The theory of international trade, the balance of payments, foreign exchange markets, international monetary systems, open economy macroeconomics. Prerequisite: ECON 295 or permission of instructor.

ECON 430. Industrial Structure and Public Policy (1 course)

Analysis of industrial structure, organization and performance with emphasis on public policy implications. Policy topics which may be considered include business concentration, government enterprises, financial market regulation and the newer social-environmental regulation. Prerequisite: ECON 294.

ECON 470. Money, Banking and the Financial System (1 course)

Structure, operations and policies of major monetary and banking institutions, including commercial banks, the treasury, the Federal Reserve System and other agencies involved in money creation, monetary policy and international monetary relations. The course also stresses the theory of monetary policy and the relationship between money and economic activity. Prerequisite: ECON 295.

ECON 480. Seminar (1 course)

Application of economic analysis in research papers to a variety of micro- and macroeconomic issues. Group discussion and criticism of research methods and conclusions. Prerequisite: a major in economics and management or permission of instructor. Required of all senior Economics and Management majors.

ECON 490. Topics in Economics and Management (1/2-1 course)

A. Economics; B. Management. Detailed study of theoretical and policy aspects of such topics as inflation, resource and product pricing, management, market structure, government-business relations, financial markets and international trade. Prerequisite: varies according to the topic offered. May be repeated for credit with different topics.

E-mail questions or comments to: sbates@depauw.edu

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