Undergraduate Course Offerings

ECON 101. Survey of Economics. (3)
Three hours lecture.
A study of economic theory, institutions and issues. Emphasis on gaining a broad understanding of economic reasoning and its application to major contemporary issues. Students who have completed ECON 105 and 106 may not take ECON 101.

ECON 105, 106. Principles of Economics. (3,3)
Three hours lecture.
ECON 105 is an introduction into the study of scarcity and choice: supply and demand theory, national income accounting, money and banking, monetary and fiscal policy models and how government deals with the problems of inflation, unemployment and economic growth. ECON 106 concentrates on microeconomics: elasticity of demand and supply, consumer and producer behavior, market structure, labor market analysis and general equilibrium.

ECON 203. Public Finance. (3)
Three hours lecture.
Prerequisite: ECON 105.
All three levels of government are discussed with emphasis on financing federal government. Students are introduced to taxation and spending as they relate to techniques in macroeconomic analysis.

ECON 271. Rural Economics. (3)
Three hours lecture.
Prerequisite: ECON 105.
Investigates resource allocation and problems of the basic industries providing foods and fibers to the U.S. economy. The course analyzes problems arising in the on-going evolution of demands for utilization of non-urban natural and man-made resources in achieving society's economic objectives.

ECON 272. Natural Resource Economics. (3)
Three hours lecture.
Prerequisites: ECON 105 and 106.
Analysis of the development, conservation and preservation of natural systems, mineral and energy resources.

ECON 295. Topics in Economics. (3)
Three hours lecture.
Prerequisites: Completion of one of the following-- Econ 101, 105, or 106. Alternatively, permission from the instructor.
Introduces students to topics of current national and global interest. This course will draw from other social sciences, humanities, and business disciplines while maintaining its emphasis on economics processes and applications.

ECON 305. Intermediate Macroeconomic Theory. (3)
Three hours lecture.
Prerequisites: ECON 105 and 106, a cumulative GPA of 2.0 or higher and junior or senior standing.
Analyzes the intersectoral determination of national income and employment and the general price level.

ECON 306. Intermediate Microeconomic Theory. (3)
Three hours lecture.
Prerequisites: ECON 106, a cumulative GPA of 2.0 or higher and junior or senior standing.
A theoretical study of the firm, markets, the price system and the allocation of resources.

ECON 309. Comparative Economic Systems. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
Critical study of capitalism, socialism and corporatism. Analysis of contemporary systems with case studies of Japan, France, China, the former Soviet Union, central and eastern European countries, the Baltic nations, and other selected countries.

ECON 311. Economic Development. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
Study of issues, theories and policy alternatives in economic growth and development of less developed countries, poverty and income distribution, demographic factors, major theories of growth, resource limitations, development policies and agencies.

ECON 313. Public Planning. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
History of planning in the public sector, cost-benefit analysis, program budgeting, efficiency criteria and discounting analyzed and specific cases reviewed. Class reports on projects undertaken by local planning agencies.

ECON 330. Money and Banking. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
A study of the functions of money in economic society and of the impact of monetary policy on national income, prices, employment and interest rates. The role of banking in the money supply process is examined.

ECON 350. Investment Economics. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
Introduction to investment theory, securities markets, risk and returns, mechanics of investment and security analysis.

ECON 375. Environmental Economics. (3)
Three hours lecture.
Prerequisites: ECON 105 and 106, a cumulative GPA of 2.0 or higher and junior or senior standing.
Examines the nature and significance of threats to the environment, the history of environmental protection in the United States and the forces shaping public policy. Tools of economics analysis used to compare and contrast various legal and market-oriented approaches in dealing with environmental problems and sustainable development.

ECON 391. Law and Economics. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
Analyzes the application of economic theory in the American judicial system. Investigates the choice of legal rules and regulations on the incentives faced by individuals. Considers the influence of economic development on the evolution of law.

ECON 407. Mathematical Economics. (3)
Three hours lecture.
Prerequisites: ECON 106, MATH 121, 151 or 161, a cumulative GPA of 2.0 or higher and junior or senior standing.
Development of selected mathematical and quantitative techniques, with emphasis on the application of those techniques to economic theory and problems.

ECON 408. The History of Economic Thought. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
Economic thought studied in relation to: the environment of the contributor, historical perspective of the contribution and the part the contribution played in shaping contemporary economic thought.

ECON 421. Econometrics. (3)
Three hours lecture.
Prerequisites: STAT 205 or 208; ECON 105, 106; MATH 121, 151 or 161; a cumulative GPA of 2.0 or higher and junior or senior standing.
This course deals with the application of statistical methods to business and economic data. The reading and interpretation of statistics will be stressed.

ECON 442. International Trade Theory and Policy. (3)
Three hours lecture.
Prerequisites: ECON 105, 106, a cumulative GPA of 2.0 or higher and junior or senior standing.
An examination of classical and modern theories of international trade, and the consequences of tariffs, quotas, customs unions and other trade policies for the domestic and international economy.

ECON 443. International Monetary Theory and Policy. (3)
Three hours lecture.
Prerequisites: ECON 105, 106, 330, a cumulative GPA of 2.0 or higher and junior or senior standing.
An examination of the determinants of a nation's balance of payments, exchange rate determination, implications of various exchange rate regimes for domestic stabilization policies and the international coordination of monetary and stabilization policy.

ECON 455. Principles of Managerial Economics. (3)
Three hours lecture.
Prerequisites: ECON 106, STAT 205 or 208, a cumulative GPA of 2.0 or higher and junior or senior standing.
Demonstrates the use of microeconomic theory and quantitative methods in the formulation of business plans and the solution of business problems.

ECON 461. Industrial Organization. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
Investigates the relationships among market structures, market conduct and market performance. Examines the rationale for government intervention into or regulation of different industries.

ECON 480. Labor Problems. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
Covers history of the labor movement, union-management relations, the non-unionized worker, wage theory and unemployment in context of the application of economic theory to problems of labor.

ECON 481. Labor Law and Legislation. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
Focuses on labor from the legal point of view, historical development of labor law and practical application of the law to labor-management relationships.

ECON 482. Industrial Relations. (3)
Three hours lecture.
Prerequisites: ECON 106, 480, a cumulative GPA of 2.0 or higher and junior or senior standing.
Study of the industrial relations system as a subsystem of the social system and its linkages with the economic and political subsystems. Covers the collective bargaining system, its history and development, structural problems in industrial relations, public policy framework for collective bargaining, contract negotiations and administration, arbitration and related issues.

ECON 483. Human Resource Planning and Development. (3)
Three hours lecture.
Prerequisites: ECON 106, 480, a cumulative GPA of 2.0 or higher and junior or senior standing.
Detailed study of the processes and institutions of human resource planning and development in the United States and other industrialized economies. Topics include manpower forecasting, a systems approach to manpower training, worker motivation and advancement, optimal training techniques, job information, mobility, discrimination and affirmative action.

ECON 488H. Final Honors Project. (3)
Prerequisites: Completion of economics requirements, enrollment in the Honors Program, senior standing, a minimum 3.5 GPA in all courses and in economics.
To earn a bachelor's degree with honors in economics, a student may conduct research and write a thesis or prepare for and take a comprehensive examination. In order to receive honors credit, a student must earn a grade of "A" or "B" for the final project.
Course may not be repeated.

ECON 490. Economics Internship. (1-3)
Hours and credits to be arranged.
Prerequisites: Junior or senior economics major, a cumulative GPA of 2.0 or higher and permission of the instructor.
A one- or two-semester program of work and study in the student's major area and/or career interest. The number of hours of work, credit hours and grade for the work performed determined by the faculty member or members sponsoring the student.

ECON 495. Current Topics in Economics. (3)
Three hours lecture.
Prerequisites: ECON 105, a cumulative GPA of 2.0 or higher and junior or senior standing.
Investigates topics of current and continuing interest not covered in regularly scheduled courses.

ECON 498. Independent Study. (1-3)
One to three hours credit per semester.
Prerequisites: A cumulative GPA of 2.0 or higher and junior or senior standing.
See "Independent Study" in Academic Enrichment File.

For a description of 500-level courses, please consult the Radford University Department of Economics Graduate Course Listings.

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Originally written by Charles Fulcher.
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