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The University of Arizona 1993-95 General Catalog Catalog Home All UA Catalogs UA Home
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Economics (ECON) McClelland Hall, Room 401 (520) 621-6224 Professors R. Mark Isaac, Head, Michael K. Block, John E. Buehler (Emeritus), James C. Cox, Helmut J. Frank (Emeritus), Bernard P. Herber, Jimmye S. Hillman (Emeritus), Agricultural Economics), Reka P. Hoff (Law), Elizabeth Hoffman, Gary D. Libecap, Robert H. Marshall, Leahmae McCoy (Emerita), Ronald L. Oaxaca, David E. Pingry (Management Information Systems), Kenneth R. Smith, Vernon L. Smith, Lester D. Taylor, Gordon Tullock, Mark A. Walker, Donald A. Wells, Edward E. Zajac Associate Professors John Z. Drabicki, Price V. Fishback, Donald G. Heckerman, James C. McBrearty, Stanley S. Reynolds, Barbara N. Sands, Gerald J. Swanson, Ronald J. Vogel (Public Administration and Policy) Assistant Professors Devajyoti Ghose, Shawn E. Kantor, Kenneth F. Kroner, Diego Moreno, James D. Ratliff, Leslie S. Stratton, John C. Wooders Lecturer R. Bruce Billings The study of economics is designed for those who wish to concentrate in economic analysis to prepare for careers in business, government, teaching, or private research and consulting. A Bachelor of Arts with a major in economics is available through the College of Arts and Sciences. The degrees of Bachelor of Science in Business Administration with a major in business economics, and Master of Arts and Doctor of Philosophy with a major in economics are also offered. The department participates in the Master of Business Administration and Master of Public Administration degrees as well. The major in economics consists of a minimum of 30 units, including 200 or 201a-201b or 210; 332; 361, 339 or 376 (or STAT 451), and 15 additional upper-division units of which at least 9 units must be selected from 405, 406, 407, 411, 418, 421, 424, 425, 430, 435, 437, 442, 443, 444, 453, 460, 461, 481, 482, and 489. All majors are required to complete MATH 123 or 124 or 125a (which are a prerequisite for 332 and 361). Students with a strong background in mathematics are encouraged to select 210, to substitute 411 for 361, to substitute MATH 464 and STAT 466 for 339, and to include 418 and 421 in the major. Such students should take, at a minimum, MATH 125a-125b and 215. It is strongly recommended that students contemplating graduate study in economics opt for this sequence and supplement it with additional mathematics courses. The major in business economics: See the College of Business and Public Administration section of this catalog. The nonbusiness minor consists of a minimum of 20 units in economics, including 200 or 201a-201b or 210; 300 (or 332); 330 or 361 and other electives needed to meet minor requirements of the student's college. The department participates in the honors program. Honors courses are open to both majors and nonmajors. Students can obtain information by contacting the honors program and the honors advisor of the department. Currently, courses designated as honors courses are 332H, 361H, 406H, 418H, 435H, 442H, 443H, 444H, 460H, 461H, and 481H. Three introductory offerings are available: 200, 210, or the sequence 201a-201b. Credit will be given for only one of these three. 195. Colloquium a. Economics (1) II Open to freshmen only. 200. Basic Economic Issues (3) I II CDT National and international economic issues. An introduction to economic analysis. Credit is allowed for this course or 201a-201b or 210, but not for all three. 201a-201b. Principles of Economics (3-3) CDT 201a: Nature of economics, price theory for the product market, factor prices, international economics. 201b: Introduction to the theory of national income and employment, money and banking, economic growth and stabilization. Both 201a and 201b are offered each semester. Credit is allowed for this course or 200 or 210, but not for all three. 210. Survey of Economic Theory (3) I II Introduction to current economic theory. Not open to students with credit in 201a-201b. Credit is allowed for this course or 200 or 201a-201b, but not for all three. P, 6 units of calculus. 217. Resource and Environmental Economics (3) I (Identical with AREC 217) 225. Economic Inquiry (3) II Surveys the range of social science topics which economists study and discusses the various methodologies employed by economists. P, 200 or 201a-201b or 210. 242. World Food Economy (3) II (Identical with AREC 242) 300.* Microeconomic Analysis for Business Decisions (3) I II Examination of industrial structure; theory of prices under varying market conditions; applications to business problems. For nonmajors. Credit for this course or 361, but not for both. P, 200 or 201a or 210. 303.* History of Economic Thought (3) I The origins and evolution of contemporary economic doctrines; classical, socialist, Keynesian and neoclassical thought in past and present social contexts. P, 200 or 201b or 210. 305.* Soviet Economic System (3) I Marxist-Leninist foundations of Soviet economic policy; economic management and planning mechanisms; problems of international trade and integration; economic reform and prospects. P, 200 or 201a or 210. (Identical with RSS 305) 307.* Economic History of the United States (3) I Development of economic institutions of the United States. P, 200 or 201b or 210. 308.* Economic History of Europe (3) II Europe's economic origins and development; process of industrialization; economic underpinnings of modern Europe. P, 200, 201b or 210. 313.* Economics of Futures Markets (3) I II (Identical with AREC 313) 330.* Macroeconomic Institutions and Policy (3) I II The study of how the macroeconomy is affected by institutions, technology and other forces, and governmental policies. For nonmajors. Credit allowed for this course or 332, but not for both. P, 200 or 201b or 210. 332.* Intermediate Macroeconomics (3) I II Analysis of output, employment, interest rates, and the price level; the effects on these of changes in monetary and fiscal variables. P, 200 or 201b or 210; MATH 123, 124, or 125. For majors. Credit allowed for this course or 330 but not for both. 339.* Economic Statistics (3) I II (Identical with AREC 339) 340.* International Economics and Policy (3) I II Normative and positive aspects of international trade and international monetary economics, with attention drawn to government policy as it relates to international commercial relations. Not available to students who are enrolled in or have completed either 442 or 443. P, 200 or 201a-201b or 210. 361.* Intermediate Microeconomics (3) I II Determination of prices and quantities in product and factor markets. For majors. Credit for this course or 300, but not for both. P, 200, 201b or 210; MATH 123, 124, or 125a. 371.* Economic Development (3) II Analysis of the economic development process of newly developing nations. P, 200 or 201b or 210. 375.* Economics of Land and Water in the American West (3) II (Identical with AREC 375) 376.* Statistical Inference in Management (3) (Identical with MAP 376) 382.* Labor and Public Policy (3) II Economic and legal analysis of the issues and problems arising out of executive, legislative, and judicial efforts to define the rights, duties, and responsibilities of labor and management in the field of industrial relations. P, 200 or 201b or 210. 383.* Labor Arbitration (3) I The place and function of arbitration in the field of labor management relations. P, 200 or 201b or 210. 386.* Collective Bargaining (3) II Law of collective bargaining; negotiating and administering the contract; public policy. P, 200 or 201b or 210. 396H.* Honors Proseminar (3) II 405.* Comparative Economic Systems (3) II Analysis of economic policy in market (capitalist) economies and of economic ideology and planning in command economies. P, 300 or 361. May be convened with 505. 406.* Introduction to Experimental Economics (3) II Lab. experimental studies of economic behavior; applications to monopoly, bilateral bargaining, and competitive markets under various exchange rules; speculation, voting processes, public goods. 2R, 3L. P, 210 or 300 or 361. 407.* Studies in Microeconomics (3) II Studies in microeconomics, such as the economics of imperfect information and uncertainty, externalities and public goods, and imperfect competition. P, 361, MATH 125b. May be convened with 507. 409.* Economic Anthropology (3) II (Identical with ANTH 409) May be convened with 509. 411.* Microeconomic Theory and Behavior (3) II Microeconomic theory with an emphasis on the use of experimental laboratory and field methods for testing the behavioral implications of the theory. P, 300 or 361, MATH 125b. May be convened with 511. 418.* Introduction to Econometrics (3) I II Statistical methods in estimating and testing economic models; single and simultaneous equation estimation, identification, forecasting, and problems caused by violating classical regression model assumptions. P, 339 or 376. May be convened with 518. 421.* Introduction to Mathematical Economics (3) II Comparative statics, stability, classical optimization, the Kuhn-Tucker theory, calculus of variations, linear algebra, game theory, and application of these techniques in economic analysis. P, six upper-division units in economics; MATH 125b. May be convened with 521. 422.* Introduction to Health Economics (3) II (Identical with PA 422) 424.* Topics in European, Chinese, or Japanese Economic History (3) I II Examines the economic history and development of medieval, early modern and modern Europe; the development and economic history of premodern and modern Japan and China. P, 300 or 361. May be convened with 524. 425.* Topics in the Economic History of the United States (3) I II Examines the economic history and development of the United States, including roles of legal and cultural institutions, changes in output mix, government regulation, income distribution, monetary policy, and demographic factors. P, 300 or 361. May be convened with 525. 430.* Monetary Economics (3) II Analysis of the role of money and monetary policy in the macroeconomic process. P, 330 or 332. 435.* Public Sector Economics (3) I II S The influence of governmental revenue and expenditure decisions on resource allocation, income distribution, and aggregate economic performance. P, 300 or 361. May be convened with 535. 436.* Economics of Fiscal Federalism (3) II Study of the economics of intergovernmental fiscal relationships in a federal system inclusive of allocational, distributional, and aggregate economic effects. P, 200 or 201b or 210. 437.* International Public Finance (3) II Public finance theories and policy instruments adapted to a supranational setting. International public goods, taxation, social choice. International treaties. Global environmental issues. P, 435. May be convened with 537. 442.* International Economics (3) I Financial aspects of international trade relations and commercial policy. P, 330 or 332. May be convened with 542. 443.* International Trade Theory (3) II General equilibrium analysis of product and input markets of international trade, tariffs, commercial policy, and growth and the welfare aspects of each. P, 300 or 361. May be convened with 543. 444.* International Financial Management (3) II Evaluation of international risk exposure and financial management of the multinational firm. P, 330 or 322, FIN 311. (Identical with FIN 444) 453.* Business and Economic Forecasting (3) I Forecasting techniques used in business and government; assembly, interpretation and use of economic data; analysis of business conditions; examination of related environmental factors; construction of actual sales or revenue forecasts. P, 300 or 361; 418. May be convened with 553. 460.* Industrial Organization (3) I Structure, conduct, and performance of American industry; governmental institutions and policies affecting business. P, 300 or 361; 339 or 376. May be convened with 560. 461.* Economics of Regulated Industries (3) II Economic analysis of the regulated sector of the American economy, including communications, transportation and energy industries; impact of existing and alternative public policies. P, 300 or 361. May be convened with 561. 476.* Natural Resource Economics (3) II (Identical with AREC 476) 480.* New Venture Market and Industry Analysis (4) I (Identical with MKTG 480) 481.* Economics of Wage Determination (3) I Applications of economic theory and empirical methods to labor supply and demand, investment in human capital, minimum wages, union effects on relative wages, and labor market discrimination. P, 339, or 376; 361. 482.* Labor and the Economy (3) II Macro aspects of labor economics: unemployment causes and cures; unemployment and inflation; distribution of income. P, 339 or 376; 361. 483.* Urban Economics (3) II Problems of metropolitan areas; evaluation of alternative solutions. P, 200 or 201b or 210. (Identical with AAS 483) 487.* Health Economics (3) II A study of pricing, allocation, and distribution in the health-care industry, with particular emphasis on the economic effects of current governmental policy. P, 200 or 201b or 210. 489.* Public Choice (3) II The study of voting theory, government expenditures, government structures, behavior of voters and bureaucracy. P, 361 or consent of instructor. (Identical with POL 489) May be convened with 589. *Open only to students who meet the requirements for Advanced Standing as specified in the College of Business and Public Administration section of this catalog. 500. Managerial Economics (3) I S Microeconomic theory and applications. P, MIS 400 or MATH 119 or 123. Advanced degree credit available for nonmajors only. Open only to students admitted to a BPA graduate program. 501a-501b-501c. Microeconomic Theory (3-3-3) I 501a: Value and distribution. P, 361, 521. II 501b: General equilibrium and welfare economics. P, 501a, 519. I 501c: Other selected topics. P, 501b. 502a-502b. Macroeconomic Theory (3-3) II 502a: National income analysis. P, 332, 521. I 502b: Advanced topics in macroeconomic analysis; macroeconomic dynamics. P, 502a, 519. 503. Development of Economic Theory (3) II Development of economic thought from ancient times to the present. P, 501a. 504. Production Economics (3) I (Identical with AREC 504) 505. Comparative Economic Systems (3) II For a description of course topics, see 405. Graduate-level requirements include a research project and different tests. Advanced credit available for nonmajors only. P, 361 or 500. May be convened with 405. 506. Experimental Economics (3) I Introduction to laboratory experimental economics: review of current research, exploration of methodological issues, development of techniques of experimentation. P, 501a. 507. Studies in Microeconomics (3) II For a description of course topics, see 407. Graduate-level requirements include a research paper or additional problem sets, depending on exact content. Advanced degree credit available for nonmajors only. P, 361, MATH 125b. May be convened with 407. 508. Applied Economic Analysis (3) II Uses economic history to show how research methods in economics are used to analyze data collected through empirical observation. P, 501a, 520. 509. Economic Anthropology (3) II (Identical with ANTH 509) May be convened with 409. 510. Macroeconomics (3) I Theory of income, employment, interest rates, and the price level. P, 500. Advanced degree credit available for nonmajors only. 511. Microeconomic Theory and Behavior (3) II For a description of course topics, see 411. Graduate-level requirements include a research paper or additional problem sets, depending on exact content. P, 521. May be convened with 411. 512. Economic Policy in Developing Countries (3) II (Identical with AREC 512) 513. Consumption Economics and Price Analysis (3) II (Identical with AREC 513) 514. Cost-Benefit Analysis (3) II (Identical with AREC 514) 515. Operations Research in Applied Economics (3) I (Identical with AREC 515) 516. Agricultural Development (3) [Rpt./1] I (Identical with AREC 516) 518. Introduction to Econometrics (3) I II For a description of course topics, see 418. Graduate-level requirements include a research project that involves applications of econometric methods to the estimating and testing of behavioral models or simulation studies of the statistical properties of an econometric estimation technique. Advanced degree credit available for nonmajors only. P, 339 or 376 or MKTG 552. May be convened with 418. 519. Mathematical Economics (3) I Introduction to the theory and methods of mathematical economics and its applications. Designed primarily for entering graduate students majoring in economics. P, CR, 520; consult with department before enrolling. 520. Theory of Quantitative Methods in Economics (3) I Introduction to the basic concepts of statistics and their application to the analysis of economic data. Designed primarily for entering graduate students majoring in economics. P, CR, 519; consult with department before enrolling. 521.* Introduction to Mathematical Economics (3) II For a description of course topics, see 421. Graduate-level requirements include a research paper or additional problem sets, depending on exact content. May be convened with 421. 522a-522b. Econometrics (3-3) II 522a: The theory of econometric estimation of single and simultaneous equation models. P, 520. I 522b: Additional topics in the theory of econometric estimation of single and simultaneous equation models. P, 522a. 524. Topics in European, Chinese, or Japanese Economic History (3) I II For a description of course topics, see 424. Graduate- level requirements include a research paper or additional problem sets, depending on exact course content. Advanced credit available for nonmajors only. May be convened with 424. 525. Topics in the Economic History of the United States (3) I II For a description of course topics, see 425. Graduate-level requirements include a research paper or additional problem sets, depending on exact course content. Advanced credit available for nonmajors only. May be convened with 425. 526. Health Economics (3) I (Identical with PA 526) 530. Macroeconomic Aspects of Finance (3) II The effects of changing economic conditions upon a firm's operation, including capital decisions as well as production decisions. P, 500. 535. Public Sector Economics (3) I II S For a description of course topics, see 435. Graduate-level requirements include an in-depth research project on a major current public sector issue. Advanced credit available for nonmajors only. P, 500. May be convened with 435. 536. Innovation and Economic Growth (3) I (Identical with MKTG 536) 537. International Public Finance (3) II For a description of course topics, see 437. Graduate-level requirements include a research project and different tests. Advanced credit available for nonmajors only. May be convened with 437. 542. International Economics (3) I II S For a description of course topics, see 442. Graduate-level requirements include a research project and different tests. Advanced credit available for nonmajors only. P, 330, 332, or 510. May be convened with 442. 543. International Trade Theory (3) II For a description of course topics, see 442. Graduate-level requirements include a research project and different tests. Advanced credit available for nonmajors only. P, 361 or 500. May be convened with 443. 549. Applied Econometric Analysis (3) II Econometric model- building, estimation, forecasting and simulation for problems in agricultural and resource economics. Applications with actual data and models emphasized. P, 518 (Identical with AREC 549). 553. Business and Economic Forecasting (3) I For a description of course topics, see 453. Graduate-level requirements include a research project and different tests. Advanced credit available for nonmajors only. P, 361 or 500; MKTG 552. May be convened with 453. 560. Industrial Organization (3) I For a description of course topics, see 460. Graduate-level requirements include an applied research project that examines the impact of public policy on industry performance. Advanced degree credit available for nonmajors only. P, 300 or 361 or 500; 339 or 376 or MKTG 552. May be convened with 460. 561. Economics of Regulated Industries (3) II For a description of course topics, see 461. Graduate-level requirements include a case of regulation/deregulation or other approved research project in regulatory theory or policy. Advanced degree credit available for nonmajors only. P, 300 or 361 or 500. May be convened with 461. 562. Theory and Institutions in Industrial Organization (3) I II Major issues in the field of industrial organization. Theoretical issues presented with complementary material dealing with specific American industries. P, 500. 568. Environmental Scanning and Business Strategy (3) I II (Identical with MKTG 568) 570. Management and Evaluation of Information Systems (3) I II (Identical with MIS 570). 575. Economics of Natural Resource Policy (3) II (Identical with AREC 575) 576. Advanced Natural Resource Economics (3) I (Identical with AREC 576) 577. Advanced Topics in the Economics of Environmental Regulation (3) II (Identical with AREC 577) 589. Public Choice (3) II For a description of course topics, see 489 (Identical with POL 589) May be convened with 489. 597. Workshop a. Practical Applications of Economic Theory (3) I P, 501a, 502a, 521, 549. b. Computational Methods in Laboratory Economics (1-3) [Rpt./3 units] I II P, MATH 125a-125b; consult department before enrolling. c. Economic Issues for Teachers (3) S Consult instructor before enrolling. d. Summer Institute on the American Economy (3) S Consult instructor before enrolling. e. Economics Education Workshop (2) S Consult instructor before enrolling. f. Economic Development for Educators (2) S Open to nonmajors only. Consult with department before enrolling. 696. Seminar a. Experimental Economics I (3) II b. Experimental Economics II (3) I c. Economic Analysis of Organizations I (3) II d. Economic Analysis of Organizations II (3) I e. Econometric Modeling I (3) II f. Econometric Modeling II (3) I g. Monetary Economics (3) I h. Labor Economics I (3) II i. Labor Economics II (3) I j. Public Policy Analysis I (3) II k. Public Policy Analysis II (3) I l. International Economics I (3) II m. International Economics II (3) I n. Advanced Macroeconomic Theory I (3) II o. Advanced Macroeconomic Theory II (3) I p. Industrial Organization and Regulation I (3) II q. Industrial Organization and Regulation II (3) I r. Advanced Microeconomic Theory I (3) II s. Advanced Microeconomic Theory II (3) I t. Mathematical Economics (3) I II u. Game Theory (3) I II v. Public Choice I (3) II (Identical with POL 696v) w. Public Choice II (3) I (Identical with POL 696w) x. Economic History I (3) y. Economic History II (3) I 697. Workshop a. Experimental Economics (3) II P, 696a, 696b. b. Economic Analysis of Organizations (3) II P, 696c, 696d. c. Econometric Modeling (3) II P, 696e, 696f. d. Labor Economics (3) II P, 696h, 696i. e. Public Policy Analysis (3) II P, 696j, 696k. f. International Economics (3) II P, 696l, 696m. g. Advanced Macroeconomic Theory (3) II P, 696n, 696o. h. Industrial Organization and Regulation (3) II P, 696p, 696q. i. Advanced Microeconomic Theory (3) II P, 696r, 696s. j. Economic History (3) II P, 696x, 696y. |
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