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Economics

Economics Courses Offered at IU South Bend


Undergraduate Economics Courses

E103 INTRODUCTION TO MICROECONOMICS Microeconomics examines individual decision making, the allocation of resources and how prices, production, and the distribution of income are determined. It focuses upon the individual and interactive behavior of households and firms. Microeconomics also investigates how powerful firms potentially distort prices, resource allocations, and the distribution of income.
S103 INTRODUCTION TO MICROECONOMICS The honors section of E103. Differs from E103 in that enrollment is limited to honors students, small class size, and a research paper is required.
E104 INTRODUCTION TO MACROECONOMICS A beginning level course which looks at such questions as how do economists measure the performance of the total economy; what causes depressions, recessions, unemployment, inflation; what constitutes money; how is the money supply controlled; and how does a change in the money supply affect the economy?
S104 INTRODUCTION TO MACROECONOMICS The honors section of E104. Differs from E103 in that enrollment is limited to honors students, small class size, and a research paper is required.
E270 INTRODUCTION TO STATISTICAL THEORY IN ECONOMICS AND BUSINESS This course is designed to teach students how to make meaningful interpretations of economic and business data. For example, if you tested the quality of products that your firm produced on Wednesdays and found the quality to be higher than products your firm produced on Fridays, how would you test these results to see if they were due to chance? Answers to such questions are provided in this course. You must have completed Math 118 and 119 before enrolling in this course.
E304 INTRODUCTION TO LABOR ECONOMICS Economic problems of the wage earner in modern society; structure, policies, and problems of labor organizations; employer and governmental labor relations.
E305 MONEY AND BANKING Prerequisite of E103 and E104. This is a one semester course designed to stimulate and sustain the student's understanding of the U.S. financial system. Major issues in monetary theory and policy and institutional changes in the U.S. financial system are discussed throughout the lectures. Emphasis is placed on the dynamic role of money in both domestic economic activity and within the international economy.
E308 PUBLIC FINANCE: SURVEY Prerequisites of E103 and E104. This course analyzes how the actions of governments affect the economy. Specific topics include the economic functions of government, how decisions are made in government, the Federal budget process, principles of taxation, and an analysis of the major types of taxes in the United States.
E315 COLLECTIVE BARGAINING -- PRACTICE AND PROBLEMS The course explores the theory of negotiating using graphical and verbal models. We also explore the practice of collective bargaining by looking at examples of tactics, strategies and power relationships between labor and management and within labor and management. We briefly discuss contract administration and examine examples of grievance procedures and cases. We run a simulation where students have to negotiate a contract. The simulation is video taped and student behavior is evaluated.
E321 INTERMEDIATE MICROECONOMIC THEORY Prerequisite of E103. This intermediate level course explores the set of principles governing the production, exchange and consumption of goods and services. Since economic theory is justified only by its power of application, the course's intent is to keep the integration of theory and application always before the student by means of numerous real world examples.
E322 INTERMEDIATE MACROECONOMIC THEORY This intermediate course is designed as an investigation into the major issues and controversies in macroeconomic theory and policy. Its main focus is employment, inflation, movement away from the economy's potential level of output in the short-run, budget and trade deficits, and long-term growth of the U.S. economy.
E470 INTRODUCTION TO ECONOMETRICS Prerequisite of E270 or K310. Applications of regression analysis to economic and business data. Estimation and hypothesis testing of the classical regression model. Heteroscedasticity, collinearity, errors in observation, functional forms, and autoregressive models. Estimation of simultaneous equation models.
E490 ADVANCED UNDERGRADUATE SEMINAR IN ECONOMICS In this seminar, contemporary economic problems are analyzed with special emphasis on how to research these problems. Students research a topic of their own choice using basic statistical and econometric techniques.
H300 LAW AND ECONOMICS: (HONORS) Prerequisite: open to Honors students. In the main, this course will focus on how court rulings, legislation, and regulations can be used to make people's private decisions more socially responsible. For instance, the study of law and economics can address the following questions: How does a society determine who owns its wild animals, its water, or the resources in its oceans? How does a society protect its inventors, writers, and artists from the theft of their intellectual property (e.g., the MP3 issue)? Should a society use market mechanisms to increase the supply of transplantable human organs? How does a society define what constitutes negligent and careless behavior in its members' interactions with each other? How does a society adequately compensate those injured by the negligent acts of others, especially where the injuries cannot be remedied (e.g., the loss of a limb)? How does a society protect itself against producers whose products are unsafe (e.g., the Ford Pinto, breast implants, and the like)? How does a society determine what constitutes a safe or unsafe product? How does a society best provide incentives that will discourage its less scrupulous members from engaging in white collar crimes, drug trafficking, and murder?

The class will be conducted on a lecture-discussion basis. The grade in the course will be based on the exams, some short papers, and a group project.


Graduate Economics Courses

A502 MANAGERIAL PRICE THEORY Prerequisite of A511 and A514. Application of microeconomic analysis to business decisions in forecasting, pricing, market development, competitive situations, profits, product demand, and costs. The objective is to provide a theoretical economic basis of thought to further competent decision making.
A503 STATISTICAL APPLICATIONS Prerequisite of A511 or equivalent. Nature and uses of statistical data in business, including probability concepts: Bayesian statistics and regression analysis.
A514 SURVEY OF ECONOMICS Foundation course in economics designed for students who have not taken a year of introductory economics or whose background is inadequate for advanced course work in economics. Covers both microeconomics and macroeconomics. This course is designed for ''common body of knowledge'' purposes. May be exempt from this course by examination. A grade of B is required in this course.
E514 MULTIVARIATE STATISTICAL ANALYSIS Prerequisite: Groups IA, and IB. Topics covered include sampling theory, regression analysis, analysis of variance, discriminate analysis, factor analysis, other multivariate techniques.
F520 DIRECTED ECONOMIC RESEARCH PROJECTS Prerequisite: Groups IA, IB, and IC. Students research a topic of their own choice using statistical and econometric techniques