• Economics
    Economics Professor
    Bichaka Fayissa
    studies economic
    development and growth
  • Economics
    The International Economic Summit teaches high school students about world trade
  • Economics
    Nationally known speakers
    forecast the future at the annual Economic Outlook Conference
  • Economics
    Scholars from all over the country share ideas and research
    at frequent seminars

Economics

If there's one subject that has been in the headlines almost daily over the past several years, it's the economy. It would behoove leaders on both sides of the political aisle—not to mention the barons of Wall Street—to bone up on economics so that a consensus could be reached on how best to allocate and manage America's resources. There is an urgent need for sharp, fresh minds in the field, and graduates can discover lucrative careers in economics in both business and government. The U.S. Census Bureau (2009) reports that economics majors are among those who earn the highest median salaries of all majors.

John Nunley

Passing on a wealth of knowledge

John Nunley received his Bachelor of Business Administration in Economics from MTSU in 2004. He subsequently received his M.A. in Economics (2005) and Ph.D. in Economics (2008) from MTSU and with that foundation went on to teach at the university level. Currently, he is a highly respected assistant professor at the University of Wisconsin-La Crosse and has published numerous articles in professional journals.

MTSU Diamond Anniversary

The legacy of a giant

MTSU celebrated its Diamond Anniversary in 1986 with the theme “Our Year to Shine.” That same year the university's light was intensified when alumnus Dr. James McGill Buchanan (B.A. 1940) received the Nobel Memorial Prize in Economic Science for his development of the theory of Public Choice, which deals with the techniques of resource allocation. Buchanan, who died Jan. 9, 2013, is honored and remembered through the Buchanan Fellowship, MTSU's most prestigious award given to an entering freshman.

Students who major in Economics can seek work in the field of microeconomics, which focuses on individual firms and consumers, and macroeconomics, which analyzes national income and growth. Career opportunities are available in the following general areas:

  • Banking
  • Consulting
  • Government
  • Higher education
  • Insurance
  • Law
  • Manufacturing
  • Private business
  • Public service
  • Real estate
  • Risk management


Employers of MTSU economics alumni include

  • Auburn University
  • Baldwin-Wallace College
  • Belmont University
  • Bethel College of Tennessee
  • Black Hills State University
  • Federal Reserve
  • FedEx
  • Gordon College
  • Marshall University
  • Midstate Technical College
  • Prince Mohammad Bin Fahd University
  • Regional Economic Models, Inc.
  • Tennessee Advisory Commission on Intergovernmental Relations
  • Tennessee Regulatory Authority
  • U.S. Department of Commerce
  • U.S. Department of Defense
  • U.S. Department of Labor
  • U.S. State Department
  • University of Maryland-Eastern Shore
  • Urbana University
  • West Virginia University
  • Westminster International University at Taschkent

Dr. Charles Baum
Chair, Professor
charles.baum@mtsu.edu

Hide

Dr. Charles F. Beauchamp
Assistant Professor
charles.beauchamp@mtsu.edu

Hide

Dr. Jason M. Debacker
Assistant Professor
jason.debacker@mtsu.edu

Hide

Dr. Mamit Deme
Associate Professor
mamit.deme@mtsu.edu

Hide

Dr. Albert E. Deprince
Professor
albert.deprince@mtsu.edu

Hide

Dr. E. Anthon Eff
Professor
anthon.eff@mtsu.edu

Hide

Dr. Bichaka Fayissa
Professor
bichaka.fayissa@mtsu.edu

Hide

Dr. William F. Ford
Professor, Weatherford Chair of Finance
william.ford@mtsu.edu

Hide

Dr. Stuart J. Fowler
Associate Professor
stuart.fowler@mtsu.edu

Hide

Dr. Todd Gabel
Assistant Professor
todd.gabel@mtsu.edu

Hide

Dr. Bram Gallagher
Assistant Professor
bram.gallagher@mtsu.edu

Hide

Dr. Duane B. Graddy
Professor
duane.graddy@mtsu.edu

Hide

Dr. Michael Hammock
Assistant Professor
michael.hammock@mtsu.edu

Hide

Dr. Kenneth W. Hollman
Professor | Martin Chair of Insurance
ken.hollman@mtsu.edu

Hide

Dr. Ghassem Homaifar
Professor
g.a.homaifar@mtsu.edu

Hide

Dr. Christopher C. Klein
Associate Professor
chris.klein@mtsu.edu

Hide

Dr. Franklin A. Michello
Professor
frank.michello@mtsu.edu

Hide

Dr. Karen Mulligan
Associate Professor
karen.mulligan@mtsu.edu

Hide

Dr. Greg Nagel
Assistant Professor
greg.nagel@mtsu.edu

Hide

Dr. Mark F. Owens
Graduate Director
mark.owens@mtsu.edu

Hide

Dr. David A. Penn
Associate Professor, Director Business and Economi
david.penn@mtsu.edu

Hide

Dr. Adam D. Rennhoff
Assistant Professor
adam.rennhoff@mtsu.edu

Hide

Dr. Michael Roach
Assistant Professor
michael.roach @mtsu.edu

Hide

Dr. Sean P. Salter
Associate Professor
sean.salter@mtsu.edu

Hide

Dr. F. Lee Sarver
Associate Professor
lee.sarver@mtsu.edu

Hide

Dr. J. Douglas Timmons
Associate Professor
doug.timmons@mtsu.edu

Hide

Dr. Kevin Zhao
Assistant Professor
kevin.zhao@mtsu.edu

Hide

Dr. Emily Norman Zietz
Professor
emily.zietz@mtsu.edu

Hide

Dr. Joachim Zietz
Professor
joachim.zietz@mtsu.edu

Hide

MTSU offers two undergraduate degrees with a major in Economics: a Bachelor of Business Administration (B.B.A.) and a Bachelor of Science (B.S.). The B.B.A. is a business major, also available with a concentration Labor Relations. The B.S. is offered through the College of Liberal Arts. 

Undergraduate students can pursue minors in Economics, Economics and Finance, Industrial Relations, Finance, Real Estate, Insurance, or Real Estate/Insurance.

Graduate students can earn Master of Arts (M.A.) or Doctor of Philosophy (Ph.D.) degrees in Economics. Two concentrations are available under the M.A.: Financial Economics and Industrial Relations.
Economics B.B.A. Economics Labor Relations Economics Nonbusiness (B.S.)

An academic map is a suggested four-year schedule of courses based on degree requirements in the undergraduate catalog. This sample schedule serves as a general guideline to help build a full schedule each term. Milestones, courses, and special requirements necessary for timely progress to complete a major are designated to keep you on track to graduate in four years. Missing milestones could delay your program. 

This map based on the 2013-2014 undergraduate catalog is not a substitute for academic advisement - contact your advisor if you have any questions about scheduling or about your degree requirements. Also see the current undergraduate catalog (catalog.mtsu.edu) for a complete list of requirements and electives.Note: Requirements are continually under revision, and there is no guarantee they will not be changed or revoked; contact the department and/or program area for current information. 

You may choose to attend a summer term to reduce your load during fall or spring terms but still stay on track to graduate in four years (see below). NOTE: Learning Support courses will alter the sequences on this map.

Economics (B.B.A.) Academic Map

Department of Economics and Finance
Middle Tennessee State University | Murfreesboro


Suggested Fall/Spring and Summer/Fall/Spring Four-Year Schedule with Business Administration Minor

Refer to the scholarships website for information regarding use of the Lottery Scholarship for the summer term.

Click here for printer friendly academic map.

FRESHMAN FALL FRESHMAN SPRING
CourseHoursMilestones/Notes CourseHoursMilestones/Notes
ENGL 1010 (Comm)3  ENGL 1020 (Comm)3 
MATH 1630 (Math)3  COMM 2200 (Comm)3 
Nat Sci (Rubric 1)4  Nat Sci (Rubric 2)4
ECON 2410* (Soc/Beh Sci)3  MATH 1810 or 191033 hours required
Nonbusiness elective1  Nonbusiness elective3 
SUBTOTAL14  SUBTOTAL16 
SOPHOMORE FALL SOPHOMORE SPRING
ENGL 2020, ENGL 2030, or HUM 2610 (Hum/FA)3  Hum/FA (Rubric 2)3 
Hum/FA (Rubric 1)3  HIST 2010, HIST 2020, or HIST 20303 
HIST 2010, HIST 2020, or HIST 20303  Soc/Beh Sci3 
ECON 2420*3  ACTG 21203Prereq: ACTG 2110
ACTG 2110*3Prereq: College-level math; ENGL 1010 QM 2610*3Prereq: MATH 1630 or 1810
SUBTOTAL15  SUBTOTAL15 
*2.25 GPA in these courses for admission to Jones College of Business 2.25 GPA overall required for admission to Jones College of Business
JUNIOR FALL JUNIOR SPRING
BCEN 35103  MGMT 36103 
ECON 32103Prereq: ECON 2410 Elective3 
ECON 3510§3Prereq: ECON 2410 BLAW 34003 
ECON 3520§3Prereq: ECON 2410 and 2420 INFS 31003 
ECON UD elective§3  FIN 30103Prereq: ACTG 2120 and QM 2610
SUBTOTAL15  SUBTOTAL15 
SENIOR FALL SENIOR SPRING
MKT 38203  ECON 4620§ or QM 36203Prereq: See catalog
MGMT 36203Prereq: QM 2610 ECON UD elective§3 
ECON 4440§3Prereq: ECON 2410 and 2420 ECON UD elective§3 
ECON UD elective§3  Business elective3 
ECON UD elective§3  BUAD 4980§3Taken last semester
SUBTOTAL15  SUBTOTAL15 
§Admission required §Admission required

TOTAL HOURS IN PROGRAM: 120

FRESHMAN SUMMER
CourseHoursMilestones/Notes CourseHoursMilestones/Notes
ENGL 1010 (Comm)3  COMM 2200 (Comm)3 
SUBTOTAL3  SUBTOTAL3 
FRESHMAN FALL FRESHMAN SPRING
MATH 1630 (Math)3  ENGL 1020 (Comm)3 
Nat Sci (Rubric 1)4  Nat Sci (Rubric 2)4 
ECON 2410* (Soc/Beh Sci)3  MATH 1810 or 19103 3 hours required
Elective3  Nonbusiness elective3 
SUBTOTAL13  SUBTOTAL13 
SOPHOMORE SUMMER
ENGL 2020, ENGL 2030, or HUM 2610 (Hum/FA)3  Hum/FA (Rubric 1)3 
SUBTOTAL3  SUBTOTAL3 
SOPHOMORE FALL SOPHOMORE SPRING
Hum/FA (Rubric 2)3  HIST 2010, HIST 2020, or HIST 20303 
HIST 2010, HIST 2020, or HIST 20303  Soc/Beh Sci3 
ECON 2420*3  ACTG 21203Prereq: ACTG 2110
ACTG 2110*3Prereq: College-level math; ENGL 1010 QM 2610*3Prereq: MATH 1630 or 1810
SUBTOTAL12  SUBTOTAL12 
*2.25 GPA in these courses for admission to Jones College of Business 2.25 GPA overall required for admission to Jones College of Business
JUNIOR SUMMER
BCEN 35103  MGMT 36103 
SUBTOTAL3  SUBTOTAL3 
JUNIOR FALL JUNIOR SPRING
ECON 32103Prereq: ECON 2410 Business elective3 
ECON 3510§3Prereq: ECON 2410 BLAW 34003 
ECON 3520§3Prereq: ECON 2410 and 2420 INFS 31003 
ECON UD elective§3  FIN 30103Prereq: ACTG 2120 and QM 2610
SUBTOTAL12  SUBTOTAL12 
SENIOR SUMMER
MKT 38203  Nonbusiness elective1 
SUBTOTAL3  SUBTOTAL1 
SENIOR FALL SENIOR SPRING
MGMT 36203Prereq: QM 2610 ECON 4620§ or QM 36203Prereq: See catalog
ECON 4440§3Prereq: ECON 2410 and 2420 ECON UD elective§3 
ECON UD elective§3  ECON UD elective§3 
ECON UD elective§3  BUAD 4980§3Taken last semester
SUBTOTAL12  SUBTOTAL12 
§Admission required §Admission required

TOTAL HOURS IN PROGRAM: 120

Graduation information may be accessed here.



Economics–Labor Relations Academic Map

Department of Economics and Finance/College of Liberal Arts
Middle Tennessee State University | Murfreesboro


Suggested Fall/Spring and Summer/Fall/Spring Four-Year Schedule with Business Administration Minor

Refer to the scholarships website for information regarding use of the Lottery Scholarship for the summer term.

Click here for printer friendly academic map.

FRESHMAN SUMMER
CourseHoursMilestones/Notes CourseHoursMilestones/Notes
ENGL 1010 (Comm)3  COMM 2200 (Comm)3 
SUBTOTAL3  SUBTOTAL3 
FRESHMAN FALL FRESHMAN SPRING
MATH 1630 (Math)3  ENGL 1020 (Comm)3 
Nat Sci (Rubric 1)4  Nat Sci (Rubric 2)4 
ECON 2410* (Soc/Beh Sci)3  MATH 1810 or 19103 3 hours required
Elective3  Nonbusiness elective3 
SUBTOTAL13  SUBTOTAL13 
SOPHOMORE SUMMER
ENGL 2020, ENGL 2030, or HUM 2610 (Hum/FA)3  Hum/FA (Rubric 1)3 
SUBTOTAL3  SUBTOTAL3 
SOPHOMORE FALL SOPHOMORE SPRING
Hum/FA (Rubric 2)3  HIST 2010, HIST 2020, or HIST 20303 
HIST 2010, HIST 2020, or HIST 20303  Soc/Beh Sci3 
ECON 2420*3  ACTG 21203Prereq: ACTG 2110
ACTG 2110*3Prereq: College-level math; ENGL 1010 QM 2610*3Prereq: MATH 1630 or 1810
SUBTOTAL12  SUBTOTAL12 
*2.25 GPA in these courses for admission to Jones College of Business 2.25 GPA overall required for admission to Jones College of Business
JUNIOR SUMMER
BCEN 35103  MGMT 36103 
SUBTOTAL3  SUBTOTAL3 
JUNIOR FALL JUNIOR SPRING
ECON 32103Prereq: ECON 2410 Business elective3 
ECON 3510§3Prereq: ECON 2410 BLAW 34003 
ECON 3520§3Prereq: ECON 2410 and 2420 INFS 31003 
ECON elective§3  FIN 30103Prereq: ACTG 2120 and QM 2610
SUBTOTAL12  SUBTOTAL12 
SENIOR SUMMER
MKT 38203  Nonbusiness elective1 
SUBTOTAL3  SUBTOTAL1 
SENIOR FALL SENIOR SPRING
MGMT 36203Prereq: QM 2610 ECON 4620§ or QM 36203Prereq: See catalog
ECON 4440§3Prereq: ECON 2410 and 2420 ECON UD elective§**3 
ECON UD elective§**3  ECON UD elective§**3 
ECON UD elective§3  BUAD 4980§3Taken last semester
SUBTOTAL12  SUBTOTAL12 
§Admission required
 **Labor Relations: Choose 9 hours from ECON 4390, 4420, 4490, or 4510.
See department for course rotation.
 

TOTAL HOURS IN PROGRAM: 120

Graduation information may be accessed here.



Economics (B.S.) Academic Map

Department of Economics and Finance/College of Liberal Arts
Middle Tennessee State University | Murfreesboro


Suggested Fall/Spring and Summer/Fall/Spring Four-Year Schedule

Refer to the scholarships website for information regarding use of the Lottery Scholarship for the summer term.

Click here for printer friendly academic map.

FRESHMAN FALL FRESHMAN SPRING
CourseHoursMilestones/Notes CourseHoursMilestones/Notes
ENGL 1010 (Comm) 3  ENGL 1020 (Comm)3 
MATH 1630 (Math)3  COMM 2200 (Comm)3 
Nat Sci (Rubric 1)4  Nat Sci (Rubric 2)4
ECON 2410 (Soc/Beh Sci)3  MATH 1810 or 191033 hours required
Nonbusiness elective1  Nonbusiness elective3 
SUBTOTAL14  SUBTOTAL16 
SOPHOMORE FALL SOPHOMORE SPRING
ENGL 2020, ENGL 2030, or HUM 2610 (Hum/FA)3  Hum/FA (Rubric 2)3 
Hum/FA (Rubric 1)3  HIST 2010, HIST 2020, or HIST 20303 
HIST 2010, HIST 2020, or HIST 20303  Soc/Beh Sci3 
ECON 24203  Elective3 
Nonbusiness elective3  QM 2610 or MATH 15303Prereq: See catalog
SUBTOTAL15  SUBTOTAL15 
JUNIOR FALL JUNIOR SPRING
ECON 32103Prereq: ECON 2410 ECON 35203Prereq: ECON 2410 and 2420
ECON 35103Prereq: ECON 2410 ECON elective3 
Elective3  Elective3 
UD elective3  UD elective3 
Nonbusiness elective3  UD elective3 
SUBTOTAL15  SUBTOTAL15 
SENIOR FALL SENIOR SPRING
ECON 44403Prereq: ECON 2410 and 2420 ECON 46203Prereq: MATH 1810 or 1910; ECON 2410 and 2420
ECON elective3  ECON elective3 
ECON UD elective3  ECON UD elective3 
UD elective3  UD elective3 
UD elective3  UD elective3 
SUBTOTAL15  SUBTOTAL15 
NOTE: This program requires a minor.

TOTAL HOURS IN PROGRAM: 120

FRESHMAN SUMMER
CourseHoursMilestones/Notes CourseHoursMilestones/Notes
ENGL 1010 (Comm)3  COMM 2200 (Comm)3 
SUBTOTAL3  SUBTOTAL3 
FRESHMAN FALL FRESHMAN SPRING
MATH 1630 (Math)3  ENGL 1020 (Comm)3 
Nat Sci (Rubric 1)4  Nat Sci (Rubric 2)4 
ECON 24103  MATH 1810 or 191033 hours required
Elective3  Nonbusiness elective3 
SUBTOTAL13  SUBTOTAL13 
SOPHOMORE SUMMER
ENGL 2020, ENGL 2030, or HUM 2610 (Hum/FA)3  Hum/FA (Rubric 1)3 
SUBTOTAL3  SUBTOTAL3 
SOPHOMORE FALL SOPHOMORE SPRING
Hum/FA (Rubric 2)3  HIST 2010, HIST 2020, or HIST 20303 
HIST 2010, HIST 2020, or HIST 20303  Soc/Beh Sci3 
ECON 24203  Elective3 
Nonbusiness elective3  QM 2610 or MATH 15303Prereq: See catalog
SUBTOTAL12  SUBTOTAL12 
JUNIOR SUMMER
Nonbusiness elective3  Nonbusiness elective1 
SUBTOTAL3  SUBTOTAL1 
JUNIOR FALL JUNIOR SPRING
ECON 32103Prereq: ECON 2410 ECON 35203Prereq: ECON 2410 and 2420
ECON 35103Prereq: ECON 2410 ECON elective3 
Elective3  UD elective3 
UD elective3  UD elective3 
SUBTOTAL12  SUBTOTAL12 
SENIOR SUMMER
UD elective3  UD elective3 
SUBTOTAL3  SUBTOTAL3 
SENIOR FALL SENIOR SPRING
ECON 44403Prereq: ECON 2410 and 2420 ECON 46203Prereq: MATH 1810 or 1910; ECON 2410 and 2420
ECON elective3  ECON elective3 
ECON UD elective3  ECON UD elective3 
UD elective3  UD elective3 
SUBTOTAL12  SUBTOTAL12 
NOTE: This program requires a minor.

TOTAL HOURS IN PROGRAM: 120

Graduation information may be accessed here.

Economics

ECON 2410 - Principles of Economics, Macroeconomics
3 credit hours
As an aid to understanding modern economic society: economic concepts of national income and its fluctuations, inflation, unemployment, role of the banking system, monetary and fiscal policies, and international topics.

ECON 2420 - Principles of Economics, Microeconomics
3 credit hours
As an aid to understanding modern economic society: economic concepts of consumer and firm behavior; the pricing of goods, services, and productive factors; international topics; and an overview of the American economy.

ECON 3210 - The Financial System and the Economy
3 credit hours
Prerequisites: ECON 2410; junior standing. Basic introduction to the functions of financial institutions and markets in the conduct of domestic and international economic transactions. Within financial market context, focus on special role that money plays as an asset and a determinant of the price level, the cause of inflation and inflation's effects on interest rates and borrowing costs, and the influence of Federal Reserve actions (monetary policy) on money and interest rates.

ECON 3430 - Public Finance
3 credit hours
(Same as FIN 3430.) Prerequisites: ECON 2410, ECON 2420; junior standing; admission into the College of Business. Economic foundations of federal tax and expenditure policies. Current issues in federal budget policy. Policy applications illustrating key concepts such as public goods, externalities, income distribution, tax incidence, tax equity, and allocative efficiency. Intergovernmental fiscal relations.

ECON 3510 - Intermediate Macroeconomic Theory
3 credit hours
Prerequisites: ECON 2410; junior standing; admission into the College of Business. Analysis of national income, employment, and price levels. Monetary and fiscal policies; international economic relations.

ECON 3520 - Intermediate Microeconomic Theory
3 credit hours
Prerequisites: ECON 2410; ECON 2420; admission into the College of Business. Second semester of microeconomic theory following ECON 2420. Topics include consumer choice, the labor supply model, the life cycle model, choice under uncertainty, production and supply, the cost of production, perfect competition, monopoly, monopolistic competition, oligopoly, game theory, and the human capital model.

ECON 3540 - Japanese Economy and Business
3 credit hours
Prerequisites: ECON 2410; junior standing; and admission into the College of Business. The Japanese economy and its social, physical, and trade environment in comparison with those in other countries, particularly the United States. May be used for credit toward the Global Studies minor.

ECON 3970 - Cooperative Education
3 credit hours
(Same as FIN 3970.) Prerequisites: Junior standing and admission into the College of Business. Cooperative Education experiences provide students with opportunities for on-the-job training in conjunction with on-campus academics. These courses do not satisfy major or minor requirements. Interested students should contact the Career Development Center. Students will be selected for participation, and opportunities may be limited.

ECON 3980 - Cooperative Education
3 credit hours
(Same as FIN 3980.) Prerequisites: Junior standing and admission into the College of Business. Cooperative Education experiences provide students with opportunities for on-the-job training in conjunction with on-campus academics. These courses do not satisfy major or minor requirements. Interested students should contact the MTSU Cooperative Education Office. Students will be selected for participation, and opportunities may be limited.

ECON 4100 - Law and Economics
3 credit hours
Prerequisites: ECON 2420; admission into the College of Business; junior standing preferred. Applies microeconomic theory to the analysis of legal rules and institutions. Examines the economics tools lawyers and experts use in analyzing antitrust issues. Topics include intellectual property rights, measuring compensatory damages in liability cases, current legal issues such as tort reform, the role of economics in bargaining and settlement, and antitrust law topics such as mergers and price-fixing.

ECON 4260 - Financial Markets and Institutions
3 credit hours
(Same as FIN 4260.) Prerequisites: ECON 3210 with a minimum grade of C (2.00); FIN 3010 with a minimum grade of C (2.00); and admission into the College of Business. Examines the structure and functioning of our monetary-financial system. Emphasis on the institutional process of financial intermediation in the financial marketplace and the role that specific institutions and instruments play.  

ECON 4310 - Problems in Government Finance
3 credit hours
(Same as FIN 4310). Prerequisites: ECON 2410, ECON 2420, and admission into the College of Business. Current issues in taxation, theory of income taxation, consumption taxes, property and wealth taxes. Advanced treatment of tax incidence, tax efficiency, income distribution, fiscal federalism, and state and local budget issues.

ECON 4390 - Employee Benefits
3 credit hours
(Same as FIN 4390.) Prerequisites: Junior standing and admission into the College of Business. Includes descriptive review and taxation, legislative, and administrative dimensions of the major components of employee benefit plans such as retirement systems, deferred compensation plans, health insurance, death benefits, disability benefits, paid and unpaid time off. Technical analysis and problem solving emphasized to develop applied skills. Social insurance and international benefits integrated.

ECON 4400 - Economics of Antitrust and Regulation
3 credit hours
Prerequisites: ECON 2420; junior standing; admission into the College of Business. Economic analysis of the antitrust laws and their enforcement: price-fixing, collusion, mergers, monopolization, and vertical arrangements. Economics theories of regulation/deregulation applied to actual regulatory policies: natural monopoly; price and entry regulation; health, safety, and environmental regulation; and intellectual property. Includes historical development as well as current applications.  

ECON 4420 - Labor and Human Resource Economics
3 credit hours
Prerequisites: ECON 2410 or ECON 2420; junior standing; and admission into the College of Business. Current issues and theories, returns to training and education (human capital), earnings differences; union impacts and government regulation of labor relations and labor markets; human resource information system modeling, including applied PC or mainframe data analysis and integration of Internet information sources.

ECON 4440 - International Economics
3 credit hours
Prerequisites:  ECON 2410, ECON 2420; junior standing; admission into the College of Business. Differences between domestic trade and international trade, foundations of international trade, economic effects of free trade and restricted trade; mechanisms of international payments and structure of balance of payments; history and contemporary issues of trade policies and world monetary systems.

ECON 4470 - Economic Development of the Third World
3 credit hours
Prerequisites:  ECON 2410, ECON 2420; junior standing; and admission into the College of Business. Conditions and problems of the less-developed countries; causes, processes, and consequences of economic development; introduction to basic growth models, development theories, and strategies for development. Economic as well as noneconomic factors studied.

ECON 4480 - State and Local Economies
3 credit hours
Prerequisites: Admission into the College of Business and junior standing preferred. Analysis of state and local economies in the United States. Topics include local economic development; data sources for the analysis of local economies; comparing local economies; employment and the labor force; income and earnings; population and housing; identifying driving industries; impact analysis; cluster analysis; underemployment; local workforces; human capital; location, infrastructure, and natural resources; regional development policy; recruiting; tax incentives; technology and green policy; and examining short-term and long-term policy issues.  

ECON 4490 - Industrial Relations Legislation
3 credit hours
(Same as BLAW 4490 and MGMT 4490.) Prerequisites: Admission into the College of Business and junior standing. Economic background and effects of government regulation of labor relations; emphasis on a detailed examination of the National Labor Relations Act as amended or expanded by the Labor Management Relations Act, the Labor Management Reporting and Disclosures Act, and Title 7 of the Civil Rights Act.

ECON 4500 - Urban and Regional Economics
3 credit hours
Prerequisites: ECON 2410, ECON 2420, and admission into the College of Business. Economic problems of urban communities, including problems resulting from population shifts to suburbia; urban planning; land utilization; revenue structures; urban renewal; transportation; problems of minority and poverty groups.

ECON 4510 - Unions and Collective Bargaining
3 credit hours
(Same as MGMT 4510.) Prerequisites: Junior standing and admission into the College of Business. The collective bargaining process: its evolution in the public and private sectors and its contemporary legal environment; compensation, institutional and administrative issues; strikes and impasse resolution procedures.

ECON 4570 - Managerial Economics
3 credit hours
Prerequisites:  ECON 2420; MATH 1630 or MATH 1810 or MATH 1910; junior standing; and admission into the College of Business. Familiarity with time value of money, spreadsheet, and regression analysis helpful. Microeconomic theories in depth; emphasizes practical applications in economic decisions. Topics cover fundamental economic concepts, theory of demand, theory of production, theory of cost, optimization, forecasting, game strategy in oligopolistic rivalry, long-term investment, and regression analysis.

ECON 4600 - Environmental and Natural Resource Economics
3 credit hours
Prerequisites: Admission into the College of Business and junior standing preferred. Problems of environmental quality and natural resource scarcity from an economic perspective. Topics include interaction between the environment and the economy, benefits and costs of environmental regulation, use of incentives to achieve least-cost pollution control, international environmental issues such as global warming, the role of natural resources in the U.S. economy, problems associated with natural resource scarcity and depletion, and problems related to consumption of renewable resources.

ECON 4620 - Econometrics and Forecasting
3 credit hours
Prerequisites:  ECON 2410, ECON 2420; MATH 1810 or MATH 1910; junior standing, and admission into the College of Business. The application of statistical methods to economic problems; covers statistical inference, regression analysis in economics and finance, and an introduction to econometrics. Emphasis on applications to actual economic data and includes use of econometric software.

ECON 4650 - Comparative Economic Systems
3 credit hours
Prerequisites: ECON 2410 and admission into the College of Business. Compares economic institutions and performance among nations; presents the historical and cultural context of economic evolution in selected nations; and examines the relationship between institutional arrangements and outcomes such as prosperity, liberty, and equality.  

ECON 4660 - History of Economic Thought
3 credit hours
Prerequisites:  ECON 2410, ECON 2420; junior standing; and admission into the College of Business. Background of modern economic thought; ancient economic thought; the main current of developing economic analysis through feudalism, mercantilism, and the physiocrats; Adam Smith and the classical economists; rebels and the neoclassical economists; twentieth-century contributions.

ECON 4680 - Health Economics
3 credit hours
Prerequisites: ECON 2420; junior standing preferred. Introduces the application of economic models to health and the health care industry. Topics include individual health behaviors, demand for health care, health insurance and other institutions in health care markets, the role of government in health care, and health care reform. Empirical results and policy applications discussed.

ECON 4700 - Sports Economics
3 credit hours
Prerequisite:  ECON 2410; admission into the College of Business; junior standing preferred. Economic theories in the areas of public finance, labor markets, game theory, industrial organization, and price theory studied within the context of sports. Examines common misperceptions about sports-related statistical data and relates it to issues in the broader economy. Topics include benefits and costs of financing sports arenas, structure and competitiveness of sports leagues, antitrust exemptions, effects of title IX regulations, labor bargaining and negotiations, wage and price determination. Explores issues in collegiate sports such as potential for crowding out other college programs (the prisoner's dilemma).

ECON 4720 - Economic Issues in the Music Industry
3 credit hours
Prerequisites: ECON 2420; admission into the College of Business; and junior standing. Economic analysis of issues arising in the recorded music industry largely in response to Internet availability of music formats. Topics include structure, conduct, and performance of the industry; optimal copyright policy; the economics of digital piracy; superstars and variety; payola; economics of two-sided markets; policy analysis; and evaluation of effects on social welfare.

ECON 4800 - Experimental and Behavioral Economics
3 credit hours
Prerequisites: ECON 2410 and ECON 2420; admission into the College of Business; junior standing preferred. Concepts in behavioral economics and current research methods in experimental economics. Focuses on common behavioral tendencies not well integrated into standard neoclassical economic theory. Topics include other regarding preferences, risk aversion, sunk cost fallacies, endowment effects, and common biases and errors in judgment and decision making. Explores current experimental research methods for identifying and quantifying such effects.  

ECON 4890 - Internship in Economics
1 to 3 credit hours
Prerequisites: Junior standing; admission into the College of Business; and recommendation of advisor. Supervised work experience in cooperating business firms or governmental agencies together with specialized academic study relating to the work experience. Pass/Fail.

ECON 4990 - Independent Study in Economics
1 to 3 credit hours
Prerequisites: Junior standing and admission into the College of Business. Problems for intensive study are chosen in joint consultation between student and instructor.