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ECONOMICS |
College of Business and Public Administration
Drake University, Des Moines, Iowa 50311
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Course Descriptions
ECON
1
| 2
| 105
| 107
| 109
| 115
| 130
| 158
| 162
| 173
| 174
| 175
| 180
| 190
| 198
| 199
Asterisked courses numbered *100-*199 may be taken for graduate credit by students enrolled for graduate study when the courses are offered on a graduate credit basis for a specific term under qualified faculty.
This listing is current and includes changes since the last General Catalog was printed.
Some Economics courses are offered infrequently. Consult class schedules for more information.
1. PRINCIPLES OF MACROECONOMICS - 3 hrs.
Principles and institutions of the American economy and their application to contemporary economic problems. Topics include the economic role of government and the banking system, the determination and measurement of national income, and monetary and fiscal policies. The student is expected to have a basic understanding of the use of graphs, fractions and simple algebra.
2. PRINCIPLES OF MICROECONOMICS - 3 hrs.
Topics include the theory of consumer behavior; the economics of the business firm; the theory of production, resource pricing and income distribution; international trade and finance; and comparative economic systems. The student is expected to have a basic understanding of the use of graphs, fractions and simple algebra.
*105. MONEY AND BANKING - 3 hrs.
The nature and functions of money; the organization and fundamental principles of commercial banking; the Federal Reserve System; the nature, tools and uses of monetary policy. Prereq.: ECON 1 and MATH 20 or higher.
*107. INTRODUCTION TO ECONOMETRICS - 3 hrs.
Statistical analysis of economic relationships using least-squares regression and related methods. Estimation, confidence intervals, hypothesis tests, and forecasting with cross-section and time-series data. Applications using computers. Prereq.: ECON 1, ECON 2, STAT 72 or STAT 141, and MATH 28 or MATH 50.
*109. PUBLIC ECONOMICS - 3 hrs.
Analysis of public sector revenue and expenditure issues, including taxation, public goods, externalities, public choice questions, and intergovernmental fiscal relations. Prereq.: ECON 2.
*115. LABOR ECONOMICS - 3 hrs.
Analysis of labor markets, including employment and unemployment, wages and benefits, education and training, worker incentives, occupational safety, labor mobility and migration, discrimination, and labor unions. Public policy issues including minimum wages, welfare programs, and unemployment compensation. Prereq.: ECON 1 and 2 and MATH 20 or higher.
*130. INTERNATIONAL ECONOMICS - 3 hrs.
The study of international trade theories and policies, factor movements, and monetary relations, including foreign exchange markets, adjustment mechanisms and policies, and the international monetary system. Prereq.: ECON 1 and 2 and MATH 20 or higher.
*158. HISTORY OF ECONOMIC THOUGHT - 3 hrs.
The origin and development of the leading economic theories of the Western world; the mercantilists; the physiocrats; the Classical School and its critics; Neo-Classicism; Austrians and their critics. Prereq.: ECON 2.
*162. MARXIAN POLITICAL ECONOMY - 3 hrs.
Marxian political analysis of the capitalist economy: the theory of surplus value and exploitation; the theory of income distribution; theories of price, wage and profit determination; conditions for reproduction and expansion of capitalism; competition, technological innovations, and economic growth; the nature of economic crisies under capitalism; globalization of capital; and related issues. Prereq.: ECON 1 or ECON 2.
*173. INTERMEDIATE MICROECONOMIC ANALYSIS - 3 hrs.
Principles of price determination applied to the analysis of consumer demand and business supply; production and costs; comparison of various market structures; income distribution; general equilibrium analysis. Elementary knowledge of calculus assumed. Prereq.: ECON 2 and MATH 28.
*174. INTERMEDIATE MACROECONOMIC ANALYSIS - 3 hrs.
Consideration of various theoretical approaches to the analysis of aggregate economic behavior, including models of income determination and growth. Elementary knowledge of algebra and geometry assumed. Prereq.: ECON 1 and 2 and MATH 28.
*175. DEVELOPING ECONOMIES - 3 hrs.
Patterns and prospects for development in the less developed countries of the world. Characteristics of low income countries; the economics of the development process built around alternative theories of economic development. Prereq.: ECON 1 and 2 and MATH 20 or higher.
*180. REGULATION AND ANTIRUST POLICY - 3 hrs.
Economic foundations, history, and recent developments in antitrust policy and economic regulation of monopolies. Emphasis on U.S. policy, with occasional comparisons to the European Union and other countries. Prereq.: ECON 2 and MATH 20 or higher.
190. SENIOR SEMINAR - 3 hrs.
Seminar in topics of current economic interest to which economic principles and methodology are applied. Prereq.: ECON 173, ECON 174, and STAT 71, or consent of department.
*198. SELECTED TOPICS 1-3, - 1-3 hrs.
Selected topics in economics. Course is either a one-time offering or has not yet been added formally to the curriculum. Prereq.: ECON 1 and ECON 2, or consent of the instructor.
199. INDEPENDENT STUDY 1-3, - 1-3 hrs.
Independent study of topics selected according to the student's interest and needs. Consent of the chair of the department required. Also applicable for cooperative education projects. Prereq.: ECON 1 or ECON 2.