University of Wisconsin-Milwaukee

Something Great in Mind


UWM Undergraduate Catalog 2009-2010


College of Letters and Science


ECON Economics


This course information produced at 03:15 on 11/20/2009.
[ College of Letters and Science Home Page ]
[ Up to Undergraduate Bulletin School/College ]
[ Up to Undergraduate Bulletin Department ]

110 Economics of Personal Finance. 1 cr. U. Economics of personal financial management; development of successful financial skills; activity-based course with assignments emphasizing students' individual situations. No cr for students who have cr in Econ 258 w/same topic. Prereq: none.
525 The Economics of Water. 3 cr. U/G. Comprehensive development of water resource economics for engineers, scientists, and economists; analysis of the public and private sector economics of water resources. Prereq: jr st; Econ 103(P); Math 231(P); a statistics course; or cons instr.
A. General Economics
100 Introductory Economics. 3 cr. U. A one semester survey of current national and international economic problems. Useful as preparation for Econ 103 and 104. Not required of economics majors. Not open for cr to students who have cr in Econ 103 & 104. Prereq: none.
103 Principles of Microeconomics. 3 cr. U. Economic reasoning; price determination, specialization, and efficiency. Applications include international trade, antitrust, environmental protection, highway congestion. Prereq: none.
104 Principles of Macroeconomics. 3 cr. U. Composition of national income, interrelationship of sectors; determination of national income and productivity; relationship between national income, inflation, money, interest rates; U.S. global economies interaction. Prereq: none.
193 (effective 05/24/2010) Freshman Seminar: (Subtitled). 3 cr. U. The specific topics are announced in the Schedule of Classes each time the class is offered. Open only to freshmen. Students may earn cr in just one L&S Fr Sem (course numbers 192, 193, 194). Prereq: none.
193 Freshman Seminar: (Subtitled). 3 cr. U. The specific topics are announced in the Schedule of Classes each time the class is offered. Open only to freshmen. Retakable w/chg in topic to 6 cr max. Prereq: none.
199 Independent Study. 1-3 cr. U. For further information, consult dept chair. Retakable to 6 cr max. Prereq: 2.5 gpa; writ cons instr, dept chair & asst dean for SAS.
210 Economic Statistics. 3 cr. U. Basic probability and statistics; numerical and graphical methods of describing data, elementary probability, random variables and probability distributions, hypothesis testing, simple linear regression. Prereq: Math 105(P) or math placement level B or higher.
248 Economics of Discrimination. 3 cr. U. Use of economic theory to examine the history, current status, and policies regarding various minority groups in the United States. Applications include education, housing, jobs. Prereq: none.
258 Selected Topics in Economics: (Subtitled). 1-3 cr. U. Focus on special topics not normally discussed in detail in other existing courses. Retakable w/chg in topic to 9 cr max. Prereq: soph st; cons instr.
289 Internship in Economics, Lower Division. 1-6 cr. U. Application of basic principles of economics in a business, organizational, educational, political, or other appropriate setting. One cr granted for academic work based on 40 hrs in the internship. Retakable to 6 cr max. Prereq: 100-level course in Econ; 2.25 gpa; cons supervising faculty member.
297 Study Abroad: (Subtitled). 1-12 cr. U. Designed to enroll students in UWM sponsored program before course work level, content and credits are determined and/or in specially prepared program course work. Retakable w/chg in topic. Prereq: acceptance for Study Abroad Prog.
299 Ad Hoc: 1-6 cr. U. Course created expressly for offering in a specified enrollment period. Requires only dept & assoc dean approval. In exceptional circumstances, can be offered in one add'l sem. Retakable w/chg in topic. Prereq: none; add'l prereqs may be assigned to specific topic.
381 Honors Seminar: (Subtitled). 3H cr. U. Examination of current economic issues such as energy, environment, poverty, and human resource development. Retakable w/chg in topic to 9 cr max. Prereq: soph st; Honors 200(P); cons Honors College dir.
458 Selected Topics in Economics: (Subtitled). 3 cr. U/G. Variable content course designed to focus on special topics not normally discussed in detail in other existing courses. Retakable w/chg in topic. Prereq: jr st & cons instr.
489 Internship in Economics, Upper Division. 1-6 cr. U. Application of advanced principles of economics in a business, organizational, educational, political, or other appropriate setting. One cr granted for academic work based on 40 hrs in the Internship. Retakable to 6 cr max. Prereq: jr st; 300-level or above course in Econ; 2.25 gpa; cons supervising faculty member.
497 Study Abroad: (Subtitled). 1-12 cr. U/G. Designed to enroll students in UWM sponsored program before course work level, content, and credits are determined and/or in specially prepared program course work. Retakable w/chg in topic. Prereq: jr st; acceptance in Study Abroad Prog.
499 Ad Hoc: (Subtitled). 1-6 cr. U. Course created expressly for offering in a specified enrollment period. Requires only dept & assoc dean approval. In exceptional circumstances, can be offered in one add'l sem. Retakable w/chg in topic. Prereq: jr st; add'l prereqs may be assigned to specific topic.
697 Organizational Administration Capstone. 3 cr. U. Internship, case analysis, or independent study that sythesizes course work in graded paper. Commun 697, Econ 697, & Sociol 697 are jointly offered; they count as repeats of one another. Prereq: sr st; declared org adm major; satisfaction of GER English Composition competency req; cons instr.
699 Independent Work: (Subtitled). 1-3 cr. U. - Retakable w/topic chg. Prereq: jr st, 2.5 gpa & writ cons instr, dept chair & asst dean for SAS.
B. Economic Theory
301 Intermediate Microeconomics. 3 cr. U. Contemporary theory of consumption, production, pricing, resource allocation, and distribution. Prereq: Econ 103(P).
302 Intermediate Macroeconomics. 3 cr. U. Analysis of savings, production, investment and other aggregates in the national and international economy as related to the determination of national income, inflation, and unemployment. Prereq: Econ 104(P).
404 (453) Economic Applications of Game Theory. 3 cr. U. Strategic interaction among decision makers. Studies multi-party decision problems of a firm, a government, or a country. Prereq: jr st; Econ 301(R) or cons instr.
506 Mathematical Economics I. 3 cr. U/G. Mathematical techniques used in economic analysis, including calculus and matrix algebra. Applications include optimizing behavior of firms and consumers. Prereq: jr st; Econ 301(P); Math 211(P).
606 Mathematical Economics II. 3 cr. U/G. Difference and differential equations applied to economic variables such as human capital, consumption, learning, energy use, and pollution. Essential preparation for graduate work. Prereq: jr st; Econ 506(P).
C. Quantitative Methods
310 Research Methods for Economics. 3 cr. U/G. Statistical research methods, especially cross-section and time-series regression, applied to evaluation of empirical literature and a directed research project. Not open for cr to students who have cr in Econ 513(531). Prereq: jr st; Econ 210(P) or cons instr.
411 Economic Forecasting Methods. 3 cr. U/G. Economic time series, analysis, forecasts. Trends, seasonality, cycles, smoothing procedures. Simulation models; sample survey methods. Extensive applications using macro and financial data. Forecasting software use. Prereq: jr st; Econ 210(P).
413 (431) Statistics for Economists. 3 cr. U/G. Elements of probability; joint marginal and conditional distributions; measures of central tendency and dispersion, calculus of expectations; central limit theorem. Estimation and testing of economic relations. Prereq: jr st; Econ 210(P).
513 (531) Introduction to Econometrics. 3 cr. U. Multiple regression, generalized least squares, specification analysis, multicollinearity, multiple equations including simultaneous equations. Prereq: jr st; Econ 413(P).
D. The Economics of Public Policy
221 (450) Health Economics. 3 cr. U. Efficiency of medical care, economics of health insurance and who is served, role of government in health markets, and alternative models of health care delivery. Prereq: soph st; Econ 103(P).
323 (412) (effective 01/25/2010) Urban Economics. 3 cr. U. Theories of urban growth and structure; crises of the city; study of housing markets, lending, and insurance. Role of government in local economic development. Prereq: Econ 103(P).
323 (412) Urban Economics. 3 cr. U. Theories of urban growth and structure; crises of the city; study of housing markets, lending, and insurance. Role of government in local economic development. Prereq: jr st; Econ 103(P); grade of C or better in English 102(P) or score of 637 or higher on EPT.
325 (330) Money and Banking. 3 cr. U. Stocks, bonds, derivatives, foreign exchange. Analysis of commercial banks, investment banks, brokerages, etc. Domestic and international monetary theory and policy. Risk insurances, regulations, deregulation.. Prereq: jr st; Econ 104(P).
325 (330) (effective 01/25/2010) Money and Banking. 3 cr. U. Stocks, bonds, derivatives, foreign exchange. Analysis of commercial banks, investment banks, brokerages, etc. Domestic and international monetary theory and policy. Risk insurances, regulations, deregulation.. Prereq: Econ 104(P).
328 (428) (effective 01/25/2010) Environmental Economics. 3 cr. U. Evaluating public policy of environmental and natural resources. Regulation of pollution, endangered species, natural resources, and other case studies. Prereq: Econ 103(P).
328 (428) Environmental Economics. 3 cr. U. Evaluating public policy of environmental and natural resources. Regulation of pollution, endangered species, natural resources, and other case studies. Prereq: jr st; Econ 103(P).
422 Regional Economics. 3 cr. U/G. The growth and decline of economic regions, the location of decisions of firms, infrastructure issues, intergovernmental relations and influences on regional economic performance. Prereq: jr st; Econ 301(P).
426 Public Economics. 3 cr. U/G. Economic analysis of government and policy, including taxation and expenditures, policy responses to market failures, redistributional programs, and related topics. Prereq: jr st; Econ 104(P) & 301(P).
529 (509) Applied Microeconomics in the Public Sector. 3 cr. U/G. Economic applications to public sector decision-making; analysis of problems, e.g. public services, pricing, efficiency of intergovernmental grants, whether to invest in large-scale public projects. Prereq: jr st; Econ 301(P).
E. Strategy, Law, and the Economy
231 Analysis of American Industries. 3 cr. U. Performance of key U.S. industries (e.g. education, beer, cars, medicinal drugs, radio, television, sports, steel, food, music recording); their responses to changing national/international economic conditions. Prereq: soph st; Econ 103(P).
333 Economics and Law. 3 cr. U. Economic roles of civil/criminal law through definition/enforcement of property, contract, civil rights. Applications: breach of contract, compensation for injury, medical malpractice, sexual harassment. Prereq: jr st; Econ 103(P).
333 (effective 01/25/2010) Economics and Law. 3 cr. U. Economic roles of civil/criminal law through definition/enforcement of property, contract, civil rights. Applications: breach of contract, compensation for injury, medical malpractice, sexual harassment. Prereq: Econ 103(P).
335 (effective 01/25/2010) Economics of Antitrust Laws. 3 cr. U. Examination of laws intended to increase competition; their evolution through landmark cases involving price fixing, mergers toward monopoly, and unfair competition including IBM, AT&T, Microsoft. Prereq: Econ 103(P).
335 Economics of Antitrust Laws. 3 cr. U. Examination of laws intended to increase competition; their evolution through landmark cases involving price fixing, mergers toward monopoly, and unfair competition including IBM, AT&T, Microsoft. Prereq: jr st; Econ 103(P).
432 (452) Industrial Organization. 3 cr. U/G. Economic analysis of asymmetric information, barriers to competitive entry, licensing, pricing practices/transactions costs; application to markets for insurance, computers, health care, used cars, food. Prereq: jr st; Econ 301(P).
437 (410) Public Utilities and Transportation Economics. 3 cr. U/G. Performance and regulation of public utilities (electricity, gas, cable television, internet) and transportation facilities (interstate highways, passenger and freight service by air and rail). Prereq: jr st; Econ 301(P).
F. Labor Economics
415 Economics of Employment and Labor Relations. 3 cr. U/G. Analysis of wage setting, labor markets, human capital and collective bargaining. Study of labor standards, regulation and the role of unions and government. Prereq: jr st; Econ 103(P).
447 (451) Labor Economics. 3 cr. U/G. The economics of unions, minimum wage, poverty and welfare programs; influence of international trade on domestic labor markets. Study of labor supply and labor demand. Prereq: jr st; Econ 301(P).
448 (478) Economics of Human Resources. 3 cr. U/G. The economics of education, training, discrimination, and workplace incentives. Study of hiring, promotion, and job search. Prereq: jr st; Econ 103(P) or cons instr.
G. International Economic Relations
351 Introduction to International Economic Relations. 3 cr. U. International economics and finance, determinants and structure of international trade, commercial policy, foreign exchange markets, and balance of payments. Not open for cr to students who have cr in both Econ 454 & 455. Prereq: jr st; Econ 100(P) or both 103(P) & 104(P).
351 (effective 01/25/2010) Introduction to International Economic Relations. 3 cr. U. International economics and finance, determinants and structure of international trade, commercial policy, foreign exchange markets, and balance of payments. Not open for cr to students who have cr in both Econ 454 & 455. Prereq: Econ 100(P); or both 103(P) & 104(P).
353 (effective 01/25/2010) Economic Development. 3 cr. U. Examination of determinants of growth, modernization, poverty, and inequality in developing countries of Africa, Asia, and Latin America. Analysis of development strategies. Prereq: Econ 103(P) & 104(P).
353 Economic Development. 3 cr. U. Examination of determinants of growth, modernization, poverty, and inequality in developing countries of Africa, Asia, and Latin America. Analysis of development strategies. Prereq: jr st; Econ 103(P) & 104(P).
454 International Trade. 3 cr. U/G. Why countries trade; who wins, who loses; facts about world trade; political economy of trade. Balance of payments, Asian crisis, European Union, American wage dispersion. Prereq: jr st; Econ 301(P).
455 International Finance. 3 cr. U/G. International monetary system; spot and foreign exchange markets; balance of payments; international adjustment mechanisms; international finance policy; history and institution. Prereq: jr st; Econ 302(P).
This course information produced at 03:15 on 11/20/2009.

[ College of Letters and Science Home Page ]
University of Wisconsin-Milwaukee Undergraduate Catalog 2009-2010:
[ Up to Undergraduate Bulletin School/College ]
[ Up to Undergraduate Bulletin Department ]
[ Schools and Colleges ]
[ Contents | How to Use This Book | Calendar ]
[ Admission | Registration | Financial Information | Academic Information ]
[ Administration | UWM - Endless Possibilities | Academic Opportunities | Campus Resources ]

Copyright 2009 by the University of Wisconsin-Milwaukee, all rights reserved.