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The Division of Economics and Business has a major, minor, and area of special interest. See Academic Programs section for descriptions of the requirements. Below is a list and descriptions of all the courses that division offers at the undergraduate level. EBGN201 Principles of Economics Click here for Graduate Courses Key: F: Fall Semester, S: Spring Semester, s: Summer Session, f: Field Session *:Offered every other year Freshman Through Senior Year (EBGN course number depends upon current academic level) EBGNX98:
SPECIAL TOPICS IN ECONOMICS AND BUSINESS (FS)-Pilot course or special
topics course. Topics chosen from special interests of instructor(s) and student(s).
Usually the course is offered only once. EBGNX99:
INDEPENDENT STUDY (FS) -Individual research or special problem projects
supervised by a faculty member. A student and instructor agree on a subject matter,
content, and credit hours. Prerequisite: "Independent Study" form must
be completed and submitted to the Registrar. Independent Study can be taken in
your freshman, sophomore, junior or senior year. The EBGN number will vary depending
upon your undergraduate status. Sophomore Year EBGN201:
PRINCIPLES OF ECONOMICS-(FS) The basic social and economic institutions
of market capitalism. Contemporary economic issues. Business organization. Price
theory and market structure. Economic analysis of public policies. Discussion
of inflation, unemployment, monetary policy and fiscal policy. Students may elect
to satisfy the economics core requirement by taking both EBGN311 and EBGN312 instead
of this course. Students considering a major in economics are advised to take
the EBGN311/312 sequence instead of EBGN201. Junior Year EBGN304: PERSONAL FINANCE (s) The management
of household and personal finances. Overview of financial concepts with special
emphasis on their application to issues faced by individuals and households: budget
management, taxes, savings, housing and other major acquisitions, borrowing, insurance,
investments, meeting retirement goals, and estate planning. Survey of principles
and techniques for the management of a household's assets and liabilities. Study
of financial institutions and their relationship to households, along with a discussion
of financial instruments commonly held by individuals and families. EBGN305: FINANCIAL ACCOUNTING-(FS) Survey and evaluation
of balance sheets and income and expense statements, origin and purpose. Evaluation
of depreciation, depletion, and reserve methods for tax and internal management
purposes. Cash flow analysis in relation to planning and decision-making. Inventory
methods and cost controls related to dynamics of production and processing. EBGN306:
MANAGERIAL ACCOUNTING-(S) Introduction to cost concepts and principles
of management accounting including cost accounting. The course focuses on activities
that create value for customers and owners of a company and demonstrates how to
generate cost-accounting information to be used in management decision-making.
Prerequisite: EBGN305. (Business elective)3 hours lecture; 3 semester hours. EBGN310:
ENVIRONMENTAL AND RESOURCE ECONOMICS (F) Application of microeconomic
theory to topics in environmental and resource economics. Topics include analysis
of pollution control, benefit/cost analysis in decision-making and the associated
problems of measuring benefits and costs, non-renewable resource extraction, measures
of resource scarcity, renewable resource management, environmental justice, sustainability,
and the analysis of environmental regulations and resource policies. EBGN311: MICROECONOMICS-(FSs) How markets for goods and services work. Economic behavior of consumers, businesses, and government. Market structure and pricing. Efficiency and equity. Public policies. Students may satisfy the economics core requirement by taking the EBGN311/312 sequence instead of EBGN201. Students considering a major in economics are advised to take the EBGN311/312 sequence. Prerequisites: None. 3 hours lecture; 3 semester hours. (Major core course) Fall 2008 Syllabus EBGN312: MACROECONOMICS-(FSs) Analysis of gross domestic output and cyclical variability, plus the general level of prices and employment. The relationship between output and financial markets that affects the level of economic activity. Evaluation of government institutions and policy options for stabilization and growth. International trade and balance of payments. Students may satisfy the economics core requirement by taking the EBGN311/312 sequence instead of EBGN211. Students considering a major in economics are advised to take the EBGN311/312 sequence. Prerequisites: None. 3 hours lecture;
3 semester hours. (Major core course) EBGN314: PRINCIPLES OF MANAGEMENT-(S) Introduction of underlying principles, fundamentals, and knowledge required of the manager in a complex, modern organization. Prerequisites: None. 3 hours lecture; 3 semester hours.(Business elective) EBGN315:
BUSINESS STRATEGY-(F) An introduction to game theory and industrial organization
(IO) principles at a practical and applied level. Topics include economies of
scale and scope, the economics of the make-versus-buy decision, market structure
and entry, dynamic pricing rivalry, strategic positioning, and the economics of
organizational design. EBGN320: ECONOMICS
AND TECHNOLOGY-(S) The theoretical, empirical and policy aspects of the
economics of technology and technological change. Topics include the economics
of research and development, inventions and patenting, the Internet, e-commerce,
and incentives for efficient implementation of technology. EBGN321 (CHGN321): ENGINEERING ECONOMICS-(S)
(Formerly EBGN421) Time value of money concepts of present, future and annual
worth, rate of return, net present value, ratios and break-even analysis applied
to after-tax economic analysis of mineral, petroleum and general investments.
Related topics on proper handling of (1) inflation and escalation, (2) leverage
(borrowed money), (3) risk adjustment of analyses using expected value concepts,
(4) mutually exclusive alternative analyses and service producing alternatives. EBGN325: OPERATIONS
RESEARCH-(F)This survey course introduces fundamental operations research
techniques in the optimization areas of linear programming, network models (i.e.,
maximum flow, shortest part, and minimum cost flow), integer programming, and
nonlinear programming. Stochastic (probabilistic) topics include queuing theory
and simulation. Inventory models are discussed as time permits. The emphasis in
this applications course is on problem formulation and obtaining solutions using
Excel Software. EBGN330:
ENERGY ECONOMICS-(F) (Formerly EBGN430) Study of economic theories of
optimal resource extraction, market power, market failure, regulation deregulation,
technological change and resource scarcity. Economic tools used to analyze OPEC,
energy mergers, natural gas price controls and deregulation, electric utility
restructuring, energy taxes, environmental impacts of energy use, government R&D
programs, and other energy topics. EBGN342: ECONOMIC DEVELOPMENT-(*S) (Formerly
EBGN442) Theories of development and underdevelopment. Sectoral development policies
and industrialization. The special problems and opportunities created by an extensive
mineral endowment, including the Dutch disease and the resource-curse argument.
The effect of value-added processing and export diversification on development. EBGN345:
PRINCIPALS OF CORPORATE FINANCE-(S) Introduction to corporate finance,
financial management, and financial markets. Time value of money and discounted
cash flow valuation. Risk and returns. Interest rates. Bond and stock valuation.
Capital budgeting and financing decisions. Introduction to financial engineering
and financial risk management, derivatives, and hedging with derivatives. EBGN390: ECONOMETRICS-(I) (WI) Introduction
to econometrics, including ordinary least-squares and single equation models;
two-stage least-squares and multiple equation models; specification error, serial
correlation, heteroskedasticity, and other problems; distributive-lag models and
other extensions, hypothesis testing and forecasting applications. EBGN398A Public Finance - Senior Year EBGN401:
HISTORY OF ECONOMIC THOUGHT-(S) Study of the evolution of economic thinking
since the 18th century. Topics include Adam Smith and the Classical School, Karl
Marx and Socialism, Alfred Marshall and the Neoclassical School, John Maynard
Keynes and the Keynesian School, and Milton Friedman and the New Classicism. EBGN402: FIELD SESSION-(S) (WI) An applied course
for students majoring in economics. The field session may consist of either participation
in a computer simulation or an independent research project under the supervision
of a faculty member. In the computer simulation, students work as part of the
senior executive team of a company and are responsible for developing and executing
a strategy for their company with onging decisions on everything from new product
development, to marketing, to finance and accounting. EBGN409: MATHEMATICAL ECONOMICS-(S)The
course applies mathematical tools to economic problems. It covers the mathematics
needed to read published economic literature and to do advanced work in economics.
It includes topics from differential and integral calculus, matrix algebra, differential
equations, and dynamic programming. Applications are taken from mineral, energy,
and environmental issues, requiring both analytical and computer solutions using
such programs as GAMS and MATHEMATICA. EBGN411:
INTERMEDIATE MICROECONOMICS-(FS) A second course in microeconomics. Compared
to the earlier course, this course is more rigorous mathematically and quantitatively.
It also places more emphasis on advanced topics such as game theory, risk and
uncertainty, property rights, and external costs and benefits. EBGN412: INTERMEDIATE MACROECONOMICS-(FS)
Intermediate macroeconomics provides a foundation for analyzing the long run and
short-run effects of fiscal and monetary policy on aggregate economic performance.
Special emphasis on interactions between the foreign sector and the domestic economy.
Analytical models are developed from the important schools of thought: Classical,
Keynesian, and New Classical. EBGN437A REGIONAL ECONOMICS (F) Analysis of the spatial dimension of economics and economic decisions. Interregional capital and labor mobility. Location decisions of firms and households. Agglomeration economies. Models of regional economic growth. measuring and forecasting economic impast and regional growth. Local and regional economic development policy. Urban and regional spatial structure. Emphasis on application of tools and techniques of regional analysis. EBGN441: INTERNATIONAL ECONOMICS-(*S) Theories and
determinants of international trade, including static and dynamic comparative
advantage and the gains from trade. The history of arguments for and against free
trade. The political economy of trade policy in both developing and developed
countries. EBGN443: PUBLIC ECONOMICS- This course covers public-sector economics, including the fundamental institutions and relationships between the government and private decision makers. It covers the fundamental general equilibrium welfare theorems and their interaction with government policy instruments that affect efficiency and distribution. Normative topics include an intensive study of the causes and consequences of, and policy prescriptions for, market failure due to public goods, or other problems associated with externalities and income distribution. Positive analysis focuses on policy formation in the context of political-economy and public choice theories. Prerequisite: EBGN 411. 3 hours lecture, 3 semester hours. EBGN445: INTERNATIONAL BUSINESS FINANCE- (S) An introduction to financial issues of critical importance to multinational firms. Overview of international financial markets. The international monetary system. Foreign exchange markets. International parity conditions, exchange rate-forecasting, swaps and swap markets. International investments. Foreign-direct investment. Corporate strategy. The international debt crisis. Prerequisite: EBGN305, EBGN 411, and EBGN 412. (Business elective) 3 hours lecture; 3 semester hours. EBGN452: NONLINEAR PROGRAMMING - EBGN455: LINEAR PROGRAMMING-(F)- This course addresses
the formulation of linear programming models, examines linear programs in two
dimensions, covers standard form and other basics essential to understanding the
Simplex method, the Simplex method itself, duality theory, complementary slackness
conditions, and sensitivity analysis. As time permits, multiobjective programming,
basic linear integer programming, and the interior point method are introduced.
Application of linear programming models discussed in this course include, but
are not limited to, the areas of manufacturing, finance, energy, mining, transportation
and logistics, and the military. EBGN470: ENVIRONMENTAL ECONOMICS- This course considers the role of markets as they relate to the environoment. Topics discussed include environmental policy and economic incentives, market and non-market approaches to pollution regulation, property rights and the environment, the use of benefit/cost analysis in environmental policy decisions, and methods for measuring environmental and non-market values. prerequisite: EBGN 411. 3 hours lecture, 3 semester hours. EBGN495 ECONOMIC FORECASTING-(F)
An introduction to the methods employed in business and econometric forecasting.
Topics include time series modeling, Box-Jenkins models, vector autoregression,
cointegration, exponential smoothing and seasonal adjustments. Covers data collection
methods, graphing, model building, model interpretation, and presentation of results.
Topics include demand and sales forecasting, the use of anticipations data, leading
indicators and scenario analysis, business cycle forecasting, GNP, stock market
prices and commodity market prices. Includes discussion of links between economic
forecasting and government policy.
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