Western Illinois University: Macomb Campus
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Economics and Decision Sciences
400 Level Courses
408 Economics for Decision-Makers. (Cr. 3)
This course develops the macro- and microeconomic concepts most useful to decision-makers. Topics covered include measures of aggregate economic activity, unemployment, inflation, business cycles, monetary policy, fiscal policy, international trade, market demand and supply, and alternate market structures. (Not open to students who have taken ECON 231 or 232. Cannot be used to meet the requirements for the B.A. or B.B. in Economics, a minor in Economics, or to meet the requirements in any B.B. degree. (This course is designed for the Pre-MBA minor.) Prerequisites: junior standing and STAT 171 with a C or better.
420 Economic Development. (Cr. 3)
A study of less developed countries; problems such as population growth, urbanization, agricultural transformation, unemployment, education and training, and capital formation are addressed. Solutions to these problems are examined and evaluated based on feasibility and practicality. A multi-disciplinary approach is used. Prerequisite: ECON 232.
425 Money Markets, Capital Markets, and Monetary Theory. (Cr. 3)
An institutional and theoretical study of money and capital markets in conjunction with monetary policy. Prerequisite: ECON 231.
430 (cross-listed with AGEC 430) Environmental Economics. (Cr. 3)
This interdisciplinary course examines economic issues involving the interactions between humans and the environment. The course addresses conflicts in land, air, and water use and the role of assigned property rights and public policies in resolving environmental problems. Not open to students with credit in AGEC 430. Prerequisite: ECON 232 or AGRI 220.
432 Public Finance. (Cr. 3)
A study of the role of government in promoting a system of effective markets. Includes analyses of the implications of various market distortions, the economic implications of a democratic system, the efficiency of a federal structure, and criteria for public investment decisions and government actions. Prerequisite: ECON 232.
433 Honors Readings in Economics (Cr. 1-3, repeatable to 3)
Prerequisite: consent of the instructor. Graded S/U only.
440 Labor Theory. (Cr. 3).
An analysis of wage theory ranging from classical wages fund approach to marginal productivity theory. A study of labor markets and the productivity changes on employment, output, and wages. Prerequisite: ECON 232 or consent of the instructor.
460 Urban and Regional Economic Analysis. (Cr. 3)
A study of the economics literature on urban and regional economic development theories and techniques. Particular attention is paid to economic policies to stimulate employment and foster income growth. Various measurement techniques for monitoring economic development are examined.
Prerequisite: ECON 232.
465 Economics of Energy. (Cr. 3)
A study of primary and secondary sources of energy as they affect the levels of production and consumption in the economy. A general survey of the economic and regulatory problems of coal, petroleum, natural gas, and nuclear industries (including those of utilities) and a brief discussion of the problems and prospects of alternative sources of energy in the context of national energy policies and individual decision-making. Prerequisite: ECON 231 or 232, or consent of the instructor.
470 International Trade. (Cr. 3)
A study of the theoretical and institutional aspects of international trade; effect of trade and factor movements on economic welfare; balance of payments; problems of international disequilibrium; process of balance of payments adjustments; barriers to trade; and the search for economic stability and growth through international cooperation. Prerequisite: ECON 232.
481 Mathematical Economic Techniques. (Cr. 3)
Introduction to the mathematics most frequently used by economists: basic set theory, linear algebra, differentiation, comparative statics, optimization, constrained optimization, and linear programming.
494 Internship. (Cr. 1–12, repeatable to 12)
Supervised employment experience with an approved employer/sponsor. Only 3 hours per semester can be included in the major. For internships that are two semesters or more in length, and with approval of the department chair, a maximum of 6 hours may be included in the major. Prerequisites: ECON 231, 232, one intermediate theory course, and permission of the department chairperson. Graded S/U only.
495 Current Economic Issues. (Cr. 3)
Prerequisite: ECON 231, 232, 330, 331; senior economics major status.
497 Senior Knowledge Assessment. (Cr. 0)
All majors are required to submit a completed skill development portfolio and complete the knowledge assessment examination prior to graduation. Prerequisites: senior standing; B.A. or B.B. Economics major. Graded S/U only.
499 Individual Research in Economics. (Cr. 1–3,repeatable to 3)
Prerequisites: junior status and permission of the instructor. Graded S/U only.