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University Catalog

Economics

College of Business Administration and Public Policy       

Faculty

Burhan F. Yavas, Department Chair

Frank V. Billes, Rodney Freed

Department Office: SBS A-306, (310) 243-3444
Advising Office: SBS A-314, (310) 243-3561

Course Offerings

The credit value for each course in semester units is indicated for each term by a number in parentheses following the title. For course availability, please see the list of tentative course offerings in the current Class Schedule.

Lower Division

ECO 210         Economic Theory 1A Microeconomics (3).

Introductory microeconomic theory; resource allocation, output determination; production theory, income distribution.

ECO 211         Economic Theory 1B Macroeconomics (3).

Introductory macroeconomic theory; national income accounting, national income determination, monetary and fiscal policy.

Upper Division

ECO 340         International Trade Theory (3).

Prerequisites: ECO 210 and ECO 211.

Classical and modern theories of international trade, theory and practice of protection, commercial policies, balance of payment adjustments and regional trade organizations.

ECO 341         International Finance (3).

Prerequisites: ECO 210 and ECO 211.

Analysis of international financial transactions, capital movements, international financial organizations, balance of payments, key currencies and exchange rates. Comparison of alternative international monetary systems.

ECO 494         Independent Study (2-3).

Prerequisites: ECO 210 and ECO 211, and consent of instructor are recommended.

Individual study of some topic or problem under the supervision of a member of the Economics Department. Repeatable course.

Infrequently Offered Courses

The following courses are scheduled on a "demand" basis. Students should consult the department office for information about the next schedule offering.

ECO 200         Contemporary Economic Issues and Problems (3).

An examination of contemporary economic institutions, issues, and problems as they affect various groups in our society. Familiarization with basic analytical tools and techniques necessary for studying current issues.

ECO 230         Statistics for Economics (3).

Prerequisite: MAT 9 or fulfillment of ELM requirement.

Introduction to probability theory, estimation of population proportions, means, variances, hypothesis tests, statistical inference and decision-making using multivariate analysis, basic regression analysis, and Bayesean techniques; computer assisted workshops/studies.

ECO 310         Intermediate Microeconomic Theory (3).

Prerequisite: ECO 210.

Role of prices in product and factor markets, principles of production and costs, business behavior under various types of market structure, general equilibrium and welfare economics.

ECO 311         Intermediate Macroeconomic Theory (3).

Prerequisite: ECO 211.

Measurements and analysis of the determinants of national income, employment and the general price level. Theoretical foundations of contemporary monetary and fiscal policies.

ECO 315         American Economic History (3).

Development of the American economy, organizational patterns and institutions, from settlement to the present, with emphasis on the interaction of social, political, and economic phenomena.

ECO 322         Money and Banking (3).

Prerequisites: ECO 210 and ECO 211.

Nature and functions of money and its relation to prices; the monetary system of the United States; the functions of banks, bank-credit, foreign exchange and monetary control.

ECO 327         Public Finance (3).

Prerequisites: ECO 210 and ECO 211.

Economic principles underlying public administration. Concepts of socially efficient resource allocation and provision of public goods. Emphasis on fiscal functions of federal, state and local governments, the allocation of resources between government and private use.

ECO 330         Labor Economics (3).

Prerequisite: ECO 210 or consent of instructor.

Analysis of supply and demand for labor, wage determination, investment in human capital, minimum wage laws and the economics of collective bargaining. Taught with either general focus or special focus; e.g., women, disadvantaged groups and unions.

ECO 345         Economic Development (3).

Prerequisites: ECO 210 and ECO 211.

Theories of economic development. Contemporary economic structure of low income countries. Causes of limited economic growth. Policy alternatives.

ECO 350         Quantitative Economic Analysis (3).

Prerequisites: ECO 210 and ECO 310.

Construction and application of mathematical models to economic and business decision-making. Modeling techniques including the Lagrange multiplier technique, optimal control theory, and differential game theory. Two hours of lecture and two hours of technical activity.

ECO 351         Introduction to Econometrics (3).

Prerequisites: MAT 9 and ECO 230.

Application of statistical techniques to the problem of testing the validity of behavioral relationships suggested by economic theory. Topics include regression analysis, time series models, forecasting, and decision making. Applications performed on the computer. Two hours of lecture and two hours of technical activity.

ECO 375         Industrial Organization and the American Economy (3).

Prerequisites: ECO 210 and ECO 211.

Current issues of industrial organization, concentration, and diversification. Anti-trust policy.

ECO 380         The Economics of Urban Areas (3).

Economic factors underlying and following from the urbanization of modern societies. Current problems such as urban decay, air and water pollution, transportation construction, education, racial concentration, and city-state and city-federal relationships.

ECO 384         Economics of Health (3).

Prerequisite: ECO 210 or consent of instructor.

Deals with topics such as supply and demand for health services, prices and cost of health care, fiscal resources and allocations, health insurance and methods of reimbursement, and influences of Medicaid and Medicare and health care consumption and delivery.

ECO 495         Special Topics in Economics (3).

A course focusing on selected topics in economics, such as economics of inflation, health, education, ecology, oil spills, and risk and insurance. Repeatable course.

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