Economics
Courses

SOU CATALOG HOME : SCHOOLS AND DEPARTMENTS : ECONOMICS : COURSES

See Course Prerequisites Policy.

Lower Division Courses

Ec 115 Introduction to Economics

2 credits

Familiarizes students with basic economic concepts. Designed as an elective for students in fields of concentration other than business or economics. Micro and macro applications are explored. Can be taken prior to enrollment in Ec 201 or Ec 202. Students who have taken Ec 201 or Ec 202 are not given credit for Ec 115.

Ec 201 Principles of Microeconomics

4 credits

An introduction to consumer and firm behavior and the market process. The economic analysis of different market structures of perfect competition, imperfect competition, and monopoly are analyzed along with the principles of income distribution and resource allocation under a market system. Some sections approach the principles of microeconomics by focusing on a particular topic or issue.

Ec 202 Principles of Macroeconomics

4 credits

Deals with human behavior and choices as they relate to the entire economy. It covers aggregate demand and aggregate supply of goods and services, how tax and spending affect the entire economy's output and employment, and how the Federal Reserve can manipulate the supply of money, inflation, and economic growth. Some sections approach the principles of macroeconomics by focusing on a particular topic or issue.

Upper Division Courses

Ec 315 Environmental Economics

4 credits

Economic analysis directly applied to environmental problems. Explores market failure, Pareto optimality, externalities, consumer surplus, and market solutions. An introduction to benefit-cost analysis is presented. Local problems are considered. Prerequisites: Ec 201.

Ec 318 Money, Banking, and Financial Institutions

4 credits

Money, credit, and bond market models are used to explain the determination of interest rates and a forecasting model is developed. Models of Federal Reserve system behavior and analysis of Federal Reserve policies are integrated into the models. Prerequisites: Ec 201, 202.

Ec 319 Public Finance

4 credits

Examines economic role of government. Models are developed to analyze the effects of different tax policies and the impact of government expenditures. Emphasis is on the application of economic principles for improved understanding of current economic events. Prerequisites: Ec 201, 202.

Ec 320 Introduction to the International Economy

4 credits

An exploration of global economic relations which considers the historical and political context of current issues and focuses on the economic interdependence of nations. Prerequisites: Ec 201, 202. (Cross listed with IS 320.)

Ec 321 International Trade and Finance

4 credits

Examines the basis for and gains from trade, tariffs and other barriers to trade, preferential trading agreements, exchange rate determination, and balance of payments. Prerequisite: Ec 320 or IS 320.

Ec 325 Labor Economics

4 credits

Analysis of labor markets, employment discrimination, unemployment, trade unions, education, and distribution of income. Examines the relation of public policies to the labor market. Prerequisites: Ec 201, 202.

Ec 332 Quantitative Methods

4 credits

Quantitative analysis of actual economic phenomena. Emphasizes computer applications and highlights the essential statistical tools used in solving practical problems. Topics include regression analysis of time series and cross sectional data, hypothesis testing, and forecasting. Prerequisites: Ec 201, 202.

Ec 333 Applications of Quantitative Methods

4 credits

Provides the theory and tools essential for analysis and solution of problems having significant business and economic consequences. Covers demand analysis and forecasting, alternative forms of forecasting, and empirical estimation of production and cost. Prerequisite: Ec 332, or consent of instructor.

Ec 350 Alternative Versions of Capitalism

4 credits

Examines the variants of capitalism that exist in the economies of the United States, Europe, and Asiatheir characteristics, institutions, and ability to provide high levels of economic growth and employment as well as price and social stability. Prerequisite: junior or senior standing.

Ec 351 Oregon's Future

4 credits

This interdisciplinary course presents Oregon's contemporary issues in: politics and history of Oregon, population demographics and educational problems and reforms, Oregon's budgetary outlook and restructuring tax and spending issues, status of prisons and crimes, and environmental issues. (Cross listed with SSc 351.)

Ec 358 Intermediate Microeconomics

4 credits

Advanced analysis of supply and demand: consumer behavior, theory of the firm, market structure, factor markets, and general equilibrium. Prerequisite: Ec 201.

Ec 364 Benefit-Cost Analysis in Project Assessment

4 credits

Evaluates private and public investment projects. Analyzes different investment criteria to evaluate commercial and social investment projects with emphasis on benefit-cost criteria. Includes practical application to local problems. Prerequisite: Ec 201.

Ec 373 Development of Economic Thought

4 credits

Covers the evolution of economic thought from preclassical views through the mainstream classical school to Keynesian, post-Keynesian, and neoclassical thought. Major alternative schools, such as Marxian and institutionalist, are reviewed. Prerequisites: Ec 201, 202.

Ec 376 Intermediate Macroeconomics

4 credits

Foundations of modern theory of government activity in the economy. Comparison of Keynesian, monetarist, and post-Keynesian models, and discussion of statistical and institutional problems. Alternative theories of economic behavior as they apply to macroeconomic policy. An integrated policy model is developed. Prerequisite: Ec 202.

Ec 378 Business Cycles and Macroeconomic Forecasting

4 credits

Considers the causal factors in economic fluctuations, forecasting of future economic activities, and stabilization policies. Topics include patterns of business cycles, national income analysis and forecasting, and management forecasting. Prerequisite: Ec 376 or consent of instructor.

Ec 379 Economic Development

4 credits

Theories of economic growth and development applied to less developed countries. Specific consideration is given to the process of development as it applies to agriculture, industrial policy, trade, structural adjustment, and women. Prerequisites: Ec 201, 202.

Ec 387 American Economic History

4 credits

Examines the economic development of the United States and the evolution of American economic institutions from colonial times through the present. Prerequisite: junior or senior standing. (Cross listed with Hst 387, SSc 387.)

Ec 389 America in the Global Economy

4 credits

Transformation of the American economy since World War II and its growing interdependence with and integration into the world economy. Emphasis on current problems such as budget and trade deficits, international debt, world competitiveness, protectionism, and economic cooperation with other countries. Prerequisite: junior or senior standing. (Cross listed with SSc 389.)

Ec 399 Special Studies

Credit to be arranged

Ec 401/501 Research

Credit to be arranged

Ec 403/503 Thesis

Credit to be arranged

Ec 405/505 Reading and Conference

Credit to be arranged

Ec 407/507 Seminar

Credit to be arranged

Ec 408/508 Workshop

Credit to be arranged

Ec 409/509 Practicum

Credit to be arranged­maximum 4 credits a term, maximum 15 credits total

Ec 425/525 Economics and Law

2 credits

Applications of economic concepts to law cases involving death or injury. Emphasis is on concepts of present value, growth rates, consumption, and taxes. Designed for students interested in legal careers. Prerequisites: Ec 201, 202.

Ec 482/582 Labor Relations

4 credits

Examines the law governing employer/employee relationships: common law, federal and state labor acts, administrative agencies, and union contracts. This legal relationship is studied within the broader context of historical trends, political policies, social expectations, and economic influences. Considers legal problems such as discrimination in employment, public employment, industrial health and safety, and minimum wages. BA 374 or Ec 325 recommended. (Cross listed with BA 482/582.)

Ec 494/594 Capstone Experience

2 credits (maximum 6 credits total)

Students work closely with a primary faculty advisor (chosen on the basis of the topic and the professor's areas of expertise) to integrate key elements from past coursework into a significant piece of economic analysis. As a way of providing more choices, the Department of Economics offers three options to students for fulfilling their capstone experience: (1) an internship with a business, government, or non-profit organization, (2) an economics research project, or (3) a community service project. Students should pick the option they believe will help them the best in their career path.

Ec 496/596 Economics for Teachers

4 credits

Application of the principles of micro- and macroeconomics within the social sciences; understanding the importance of fundamental economic principles in individual, business, and bureaucratic decision making; strategies and methods to integrate economics into the K­12 social studies curriculum. Designed for secondary and elementary teachers. Also suitable for undergraduates who are considering entering the elementary or secondary social studies program at SOU. Not recommended for economics majors unless they are contemplating a teaching career.