Economics (ECN) Courses

ECN 111 Macroeconomic Principles. (3) F, S, SS
Basic macroeconomic analysis. Economic institutions and factors determining income levels, price levels, and employment levels. General studies: SB 

ECN 112 Microeconomic Principles. (3) F, S, SS
Basic microeconomic analysis.  Theory of exchange and production,  including the theory of the firm.  General studies: SB. 

ECN 304 Current Issues in Economics and Politics. (3) A 
Application of basic economic principles to contemporary issues such as  crime, the environment, discrimination, health care, and the national debt.  Not for Economics majors.  Lecture, student projects, discussion.  Prerequisite: ECN 111 or 112; 2.0 ASU GPA; junior standing. General studies: L1. 

ECN 306 Survey of International Economics. (3) A
Survey of international trade issues, commercial policy, trade theory,  customs unions, and international monetary topics.  Not for Economics  majors. Lecture, discussion.  Cross-listed as IBS 306.  Prerequisites: ECN 111 or 112; 2.0 ASU GPA; junior standing. 

ECN 313 Intermediate Macroeconomic Theory. (3) F, S 
Determinants of aggregate levels of employment, output, and income of an  economy. Prerequisite: ECN 111,112; MAT 210 (grade of "C" or higher).   General studies: SB. 

ECN 314 Intermediate Microeconomic Theory. (3) F,S
Role of the price system in organizing economic activity under varying  degrees of competition.  Prerequisite: ECN 111,112; MAT 210 (grade of  "C" or higher).  General studies: SB. 

ECN 315 Money and Banking. (3) SS
Functions of money. Monetary systems, credit functions, banking  practices, and central banking policy.  This course cannot be applied to the  Economics major. Prerequisite: ECN 111. 

ECN 331 Comparative Economic Systems. (3) N
Alternative institutions, past and present, for organizing the social division  of labor. Property rights, information, and incentives in industrial societies.  Prerequisite: ECN 111 or 112.  General studies: SB, G. 

ECN 360 Economic Development. (3) N
Theories of economic growth and development. Role of capital formation,  technological innovation, population, and resource development in  economic growth.  Prerequisite: ECN 111 or 112.  General studies: SB, G. 

ECN 365 Economics of Russia and Eastern Europe. (3) A
Origins and analysis of contemporary institutions. Comparative  development and differentiation in the 20th century.  Prerequisite: ECN 111 or 112.  General studies: SB, G. 

ECN 394 Special Topics. (3) N
Current topics of domestic or international interest.  Analytical emphasis  may be macro, micro, or both.  See current Schedule of Classes for  offerings.  Not for Economics majors.  Prerequisite: ECN 111 or 112. 

ECN 404 History of Economic Thought. (3) N 
Development of economic doctrines, theories of mercantilism, physiocracy, classicism, neoclassicism, Marxism, and contemporary economics.  Prerequisite: ECN 314 or instructor approval.  General studies: SB. 

ECN 421 Labor Economics. (3) A 
Origins of labor movement, analysis of labor unions, labor markets,  collective bargaining, and current policy issues.  Prerequisite: ECN 314 or  instructor approval.  General studies: SB. 

ECN 436 International Trade Theory. (3) A
The comparative-advantage doctrine, including practices under varying  commercial policy approaches.  The economic impact of international  disequilibrium.  Prerequisite: ECN 314 or instructor approval.  General  studies: SB, G. 

ECN 438 International Monetary Economics. (3) A 
History, theory, and policy of international monetary economics.  Balance  of payments and exchange rates.  International financial markets including Eurocurrency markets.  Prerequisite: ECN 313 or instructor approval.  General studies: SB, G. 

ECN 441 Public Finance. (3) A
Public goods, externalities, voting models, public expenditures, taxation,  and budget formation with emphasis on the federal government.  Prerequisite: ECN 314 or instructor approval.  General studies: L2/SB. 

ECN 450 Law and Economics. (3) A Economics of the legal system including analysis of property, contracts, torts, commercial law, and other topics.  Discussion, analysis.  Prerequisite: ECN 314.  General studies: L2. 

ECN 453 Government and Business. (3) A 
Development of public policies toward business. Antitrust activity.   Economic effects of government policies. Prerequisite: ECN 314 or  instructor approval. 

ECN 480 Introduction to Econometrics. (3) A 
Elements of regression analysis: estimation, hypothesis tests, prediction.   Emphasis is on use of econometric results in assessment of economic  theories.  Prerequisite: instructor approval.  General studies: N2. 

ECN 484 Economics Internship. (3) F, S, SS
Academic credit for professional work organized through the Internship  Program.  Prerequisites: ECN 313, 314; outstanding academic record. 

ECN 485 Mathematical Economics. (3) A
Integration of economic analysis and mathematical methods into a  comprehensive body of knowledge within contemporary economic theory.   Prerequisite: instructor approval.  General studies: N2. 

ECN 494 Special Topics. (3) N
Current economic topics of domestic or international interest.  Analytical  emphasis may be macro, micro or both.  See current Schedule of Classes  for offerings.  Prerequisites: ECN 313 and 314 or instructor approval. 

ECN 498 Pro-Seminar. (3) A
Topic chosen from current area of interest.  Prerequisites: ECN 313 and  314 or instructor approval. 

ECN 502 Managerial Economics. (3) F, S
Application of microeconomic analysis to managerial decision-making in  areas of demand, production, cost, and pricing.  Evaluation of competitive  strategies.  Prerequisite: MBA degree program student. 

ECN 503 Global Economics for Managers. (3) F, S
Macroeconomic analysis of issues related to economic growth, inflation, interest rates behavior, unemployment, exchange rate determination, and global competitiveness.   Prerequisite: MBA degree program student. 

ECN 504 History of Economic Thought. (3) S
Historical development of economic theory.  Emphasis on the development  of economic analysis from preclassical economics through Keynes.  Prerequisite: ECN 510 or instructor approval. 

ECN 509 Macroeconomic Theory and Applications. (3) F
Theory of income, output, employment and price level.  Influence on  business and economic environment.  Prerequisites: ECN 111 and calculus  or instructor approval. 

ECN 510 Microeconomics Theory and Applications. (3) F, S 
Application of economic theory to production, consumer demand,  exchange, and pricing in a market economy.  Prerequisites: ECN 112 and  calculus or instructor approval. 

ECN 511 Macroeconomic Analysis I. (3) F 
Current theories of output, employment, inflation, and asset prices as well  as major aggregates. Introduction to dynamic optimization techniques.   Prerequisites: ECN 313 and calculus or instructor approval. 

ECN 512 Microeconomic Analysis I. (3) F 
Theory of production, consumer demand, resource use, and pricing in a  market economy.  Prerequisites: ECN 314 and calculus or instructor  approval. 

ECN 513 Macroeconomic Analysis II. (3) F 
Focus on growth theory, dynamic general equilibrium models, monetary  theory, open-economy issues.  Prerequisite: ECN 511 or instructor   approval. 

ECN 514 Microeconomic Analysis II. (3) S 
General equilibrium, welfare economics, production, and capital theory.   Prerequisite: ECN 512 or instructor approval. 

ECN 515 Advanced Macroeconomic Analysis. (3) F 
Focus on current research areas in macroeconomics and monetary theory  with emphasis on methods in economic dynamics and numerical  techniques.  Prerequisite: ECN 511 or instructor approval. 

ECN 516 Economics of Uncertainty, Information, and Strategic Behavior. (3) F
Economic behavior under uncertainty; markets and contracts under  asymmetric information; the theory of games with incomplete information  and applications.  Prerequisite: ECN 512 or instructor approval. 

ECN 517 Monetary Policy. (3) N 
Traditional and post-Keynesian monetary theory, interest rate  determination, the demand and supply of money.  Prerequisite: ECN 511   or instructor approval. 

ECN 521 Labor Economics I. (3) S 
Development of basic theoretical models for analyzing labor market issues.  Prerequisite: ECN 510 or instructor approval. 

ECN 522 Labor Economics II. (3) N 
Extensions/criticisms of labor market theories. Applications to a variety of  policy issues.  Prerequisite: ECN 521. 

ECN 525 Econometrics I. (3) S
Problems in the formulation of econometric models.  Emphasis on  estimation, hypothesis testing, and forecast of general linear models.   Prerequisite: 6 hours of statistics or instructor approval. 

ECN 526 Econometrics II. (3) F
Estimation and inference of qualitative and limited dependent variable  models as well as general multiple equation models.  Prerequisite: ECN 525 or instructor approval. 

ECN 527 Econometrics III. (3) S
Generalized method of moment estimation, estimation with censored and  truncated samples, nonlinear models, panel-data models, econometrics of  nonstationarities.  Prerequisite: ECN 526 or instructor approval 

ECN 531 Economic Systems and Organizations. (3) N
Philosophical foundations of major economic systems and of properties of  principal system models. Comparison of alternative institutions and system components of contemporary economics.  Prerequisites: ECN 509, 510 or instructor approval. 

ECN 536 International Trade Theory. (3) S 
Theories of comparative advantage and their empirical verification. Theory and political economy of commercial policy.  Resource transfers and the role of the Multinational Corporation.  Prerequisites: ECN 509, 510 or instructor approval. 

ECN 538 International Monetary Theory and Policy. (3) F
The foreign exchange market, balance of payments, and international  financial institutions and arrangements; theory and applications.   Prerequisites: ECN 509, 510 or instructor approval. 

ECN 541 Public Economics. (3) F
Economics of collective action, public spending, and taxation, politics.   Impact of central governmental activity on resource allocation and income  distribution.  Prerequisite: ECN 510 or instructor approval. 

ECN 553 Industrial Organization. (3) S
Analysis of structure, conduct, and performance in industrial markets; the  economics of organizations.  Prerequisite: ECN 510 or instructor approval. 

ECN 560 Economics of Growth and Development. (3) N
Economic problems, issues, and policy decisions facing the developing  nations of the world.  Prerequisites: ECN 509, 510 or instructor approval. 

ECN 584 Economics Internship. (1-3) F, S, SS 
Academic credit for professional work organized through the Internship  Program.  Prerequisites: ECN 510, 511 or instructor approval. 

ECN 585 Mathematics for Economists. (3) F 
Survey of mathematical ideas encountered in economics and econometrics:   nonlinear programming, the Kuhn-Tucker theorem, concave programming, optimization over time.  Prerequisite: calculus or instructor approval. 

ECN 591 Economics Seminar. (1-3) F, S, SS 
Presentations by outside speakers, department faculty, and graduate  students of work in progress.  Prerequisite: instructor approval. 

ECN 593 Applied Projects. (3) F
Preparation of a supervised applied project typically in conjunction with an internship.  Prerequisites: ECN 510, 511. 

ECN 594 Workshops in Economics. (1-2) F, S, SS 
Consult Schedule of Classes for offerings.   Prerequisite: instructor approval.

Quantitative Business Analysis (QBA) Courses

QBA 221 Statistical Analysis. (3) F, S
Methods of statistical description. Application of probability theory and statistical inference in business.  Prerequisites: MAT 119, 210.  General Studies: N2. 

QBA 321 Applied Quality Analysis I. (3) A
Applications of statistical tools employed in empirical studies related to quality analysis.  Applications focus on service processes.  Prerequisite: QBA 221. 

QBA 391 Management Science. (3) N
Study of mathematical models and solution techniques which can be used to aid decision makers.  Prerequisites: MAT 119, 210, 242; QBA 221; professional program business student.  General Studies: N2. 

QBA 410 Applied Business Forecasting. (3) N
Application of forecasting techniques in business and institutional environments.  Prerequisite: QBA 321. 

QBA 421 Applied Quality Analysis II. (3) A
Applications of statistical tools employed in manufacturing and experimental research.  Applications focus on design and improvement of processes.  Prerequisite: QBA 321. 

QBA 450 Operations and Process Analysis. (3) A
Implementation of quantitative techniques for the analysis of quality problems related to operations and process analysis.  Prerequisites: OPM 301; QBA 221.

QBA 502 Managerial Decision Analysis. (3) F, S
Fundamentals of quantitative analysis to aid management decision making under uncertainty.  Prerequisites: MAT 210; computer literacy; graduate degree program student. 

QBA 505 Management Science. (3) N
Quantitative approaches to decision making, including linear programming and simulation, with an emphasis on business applications.  Prerequisites: MAT 210; QBA 502. 

QBA 510 Managerial Statistics. (3) A
Statistical methods used in decision making, including analysis of variance and simple and multiple linear regression.  Prerequisites: MAT 210; QBA 502 or an introductory statistics course. 

QBA 511 Sampling Techniques in Business. (3) N
Planning, execution and analysis of surveys in business research.  Prerequisite: QBA 502. 

QBA 525 Applied Regression Models. (3) A
Simple linear regression, multiple regression, indicator variables, and logistic regression.  Emphasis on business and economic applications. Prerequisites: MAT 210; QBA 510. 

QBA 527 Categorical Data Analysis. (3) N
Discrete data analysis in business research.  Multidimensional contingency tables and other discrete models.  Prerequisite: QBA 525. 

QBA 528 Exploratory Data Analysis. (3) N
Introduces student to principles and methods of exploratory data analysis. Prerequisite: QBA 502. 

QBA 530 Experimental Design. (3) A
Experimental designs used in business research.  Balanced and unbalanced factorial designs, repeated measures designs, and multivariate analysis of variance.  Prerequisite: QBA 525 or equivalent. 

QBA 535 Multivariate Methods. (3) A
Advanced statistical methods used in business research.  Multivariate analysis of association and interdependence.  Prerequisite: QBA 525. 

QBA 540 Forecasting. (3) N
Foundation of statistical forecasts and forecast intervals; application of classical and computer-assisted forecasting methods to business forecasting problems.  Prerequisites: MAT 210; QBA 502. 

QBA 550 Intermediate Decision Analysis. (3) N
Quantitative decision analysis methods for business decision making under uncertainty, including decision diagrams, subjective probabilities, and preference assessment.  Prerequisites: MAT 210; QBA 502. 

QBA 552 Statistical Decision Theory. (3) N
Statistical decision methods for business decision making under uncertainty, including Bayesian inference, optimal statistical decisions, and value of information assessment.  Prerequisites: MAT 210; QBA 510 or 550. 

QBA 560 Probabilistic Models. (3) N
Development and application of probabilistic models for quantitative business analysis.  Prerequisites: MAT 210; QBA 502. 

QBA 561 Mathematical Programming. (3) N
Techniques for solving mathematical programming models of business problems.  Prerequisites: MAT 210, 242. 

QBA 562 Network Flow Models. (3) N
Introduction to network structure, applications, and algorithms; development of data structures for network algorithms applied to business problems.  Prerequisites: QBA 561 or MAT 242 and QBA 505.

QBA 564 Nonlinear Optimization. (3) N
Basic properties of solutions and algorithms for constrained and unconstrained minimization, basic descent methods, and barrier methods.  Prerequisites: QBA 561 or MAT 242 and QBA 505.