Economics course descriptions

In addition to meeting with your advisor throughout your time at Tippie, you'll also use the course planning worksheet—it will help you know what courses you need to take for your major, as well as help you plan when you'll take them. Plan your course schedule with the worksheet and read about the courses you'll be taking below.

Course planning worksheet

Common required courses

Intermediate Microeconomics (ECON:3100)
Economic theory of the behavior of consumers, producers, and other economic agents; role of markets in coordinating economic activity; conditions that markets require for efficient allocation of resources; market imperfections; strategic behavior of economic actors. Prerequisites: ECON:110 and (MATH:1380 or MATH:1460 or MATH:1550 or MATH:1850 or MATH:1860). (3 s.h.)

Intermediate Macroeconomics (ECON:3150)
Measurement of macroeconomic indicators; economic growth and business cycles; use of macroeconomic models to study the role of government fiscal and monetary policies. Prerequisites: ECON:1200 and (MATH:1380 or MATH:1460 or MATH:1550 or MATH:1850 or MATH:1860). (3 s.h.)

Business track courses

Personnel Economics (ECON:3325)
Microeconomic analysis of labor markets, related institutions; labor supply decisions made by workers, labor demand decisions made by firms, market equilibrium; economic analysis of unions; returns to education; family decisions. Prerequisite: ECON:1100. (3 s.h.)

Money, Banking, and Financial Markets (ECON:3335)
Role of money, institutions in the determination of income, employment, prices in domestic and world economy. Prerequisites: ECON:1100 and ECON:1200. (3 s.h.)

Global Economics and Business (ECON:3345)
Modern theories of international trade and investment; the role of tariffs and other restrictions on international trade; foreign exchange markets, international monetary arrangements, international economic policy. Prerequisites: ECON:1100 and ECON:1200. (3 s.h.)

Industry Analysis (ECON:3350)
Structural evolution; imperfect competition; resource allocation; development of public policy on monopoly; selected industries. Prerequisites: ECON:1100. (3 s.h.)

Economic and Business Forecasting (ECON:3355)
How to develop and utilize forecasts; emphasis on modern statistical methods and software applied to quantitative forecasting problems; specific applications to business and economics include forecasting sales, market prices, inventory, macroeconomic factors (interest rates, exchange rates, levels of employment). Prerequisites: ECON:1100 and ECON:1200 and (ECON:2800 or ECON:4800 or STAT:3200). (3 s.h.)

Household Finance (ECON:3370)
Application of micro- and macroeconomic theory to economic decisions of families and households; practical and theoretical issues in income generation, spending and saving decisions, risk management, and asset allocation. Prerequisites: ECON:1100 and ECON:1200. (3 s.h.)

Policy track courses

Global Economics and Business (ECON:3345)
Modern theories of international trade and investment; role of tariffs and other restrictions on international trade; foreign exchange markets, international monetary arrangements, international economic policy. Prerequisites: ECON:1100 and ECON:1200. (3 s.h.)

Development of Local and Regional Economies (ECON:3610)
Theories, methods, and public policy in regional economic development; business and industrial locations; theories of regional growth and development; tools for regional economic analysis; technology and knowledge economy; globalization and trade; economic development finance and policy. Prerequisite: ECON:1100. Same as URP:3136. (3 s.h.)

Economic Growth and Development (ECON:3620)
Determinants of rising living standards; accumulation of physical and human capital; predictions of economic growth models compared to observed changes in living standards. Prerequisites: ECON:1100 and ECON:1200. (3 s.h.)

Environmental and Natural Resource Economics (ECON:3625)
Environmental and resource use problems; efficient mechanisms and other policies for environmental protection, management of common property resources. Prerequisite: ECON:1100. Same as URP:3135. (3 s.h.)

Regional and Urban Economics (ECON:3640)
Theory of location and regional development; central place theory; why cities exist and trade with one another; models of land-use patterns, rents; empirical tests of models; policy applications. Prerequisite: ECON:1100. Same as URP:3134. (3 s.h.)

Policy Analysis (ECON:3650)
Economic functions of government in modern economies; economic decision making; budgetary processes; effects of government expenditures, taxation on allocation of resources, distribution of income, economic growth, stability. Prerequisite: ECON:1100. (3 s.h.)

Sports Economics (ECON:3690)
Theory and literature of economic issues in professional sports; issues such as relative advantages of large- and small-market teams, city subsidies for baseball and football stadiums, star players' true value to their teams; ideas from introductory economics (such as demand and cost curves) combined with additional economic theory, statistical evidence, and information about particular sports. Prerequisite: ECON:1100. (3 s.h.)

Transportation Economics (ECON:3750)
Overview of transportation markets—intercity, rural, urban; transportation modes—rail, highway, air, water, pipeline, transit; issues in finance, policy, planning, management, physical distribution, and environmental, economic, and safety regulation. Recommendations: ECON:1100 and ECON:1200. Same as GEOG:3940, URP:3350. (3 s.h.)

Health Economics (ECON:3760)
Structure of America's health care industry; economic analysis applied to its problems of production, pricing, distribution; cost-effectiveness; financing of medical costs; role of government. Prerequisite: ECON:1100. (3 s.h.)

Antitrust Economics (ECON:3790)
Topics in federal antitrust policy; merger policy; monopolization, predatory pricing, collusion, vertical restrictions, resale price maintenance, enforcement; case law, economics literature. Prerequisite: ECON:3100 or LAW:8146. (3 s.h.)

Law and Economics (ECON:3800)
Law examined through analytic tools of microeconomics; impact of legal rules on resource allocation, risk bearing, distribution of economic well-being. Prerequisite: ECON:1100. (3 s.h.)

Topics in Policy Economics (ECON:3875)
Topics vary. Prerequisites: ECON:1100 and ECON:1200. (arr.)

Analytical track courses

Natural Resource Economics (ECON:4090)
Economics of natural resources; interaction between economic theory, empirical evidence, and public policy; land, water, fish, trees, minerals; externalities. Prerequisite: ECON:3100.

Labor Economics (ECON:4140)
Labor supply and demand; investments in human capital; compensating wage differentials; discrimination; long-term contracts; occupational choice; family decisions; unions; immigration. Prerequisite: ECON:3100. (3 s.h.)

Industrial Organization (ECON:4180)
Market structure; effects of business practices, informational problems on market structure; appraisal of antitrust policies, government regulation of business. Prerequisite: ECON:3100. (3 s.h.)

Monetary Economics (ECON:4170)
Demand for and supply of money; money's role in economy; empirical studies of money's impact; problems with monetary control. Prerequisites: ECON:3100 and ECON:3150. (3 s.h.)

Public Sector Economics (ECON:4160)
Economic functions of government; budgetary processes; effects of government expenditures, taxation on resource allocation, income distribution, economic growth, and stability. Prerequisites: ECON:3100 and ECON:3150. (3 s.h.)

International Economics (ECON:4110)
Neoclassical model of international trade; imperfect competition and international trade and investment; role of trade barriers; regional trade agreements and the World Trade Organization. Prerequisites: ECON:3100 and ECON:3150. (3 s.h.)

Mathematical Economics (ECON:4190)
Mathematical structure of economic principles, problems, systems; may include constrained optimization, choice under uncertainty, general equilibrium and welfare economics, dynamical systems and control theory, game theory. Prerequisites: ECON:3100 and ECON:3150. (3 s.h.)

Game Theory (ECON:4200)
Basic concepts of game theory including dominance, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection, signaling; provides students with a working understanding of game theory; examples drawn from economics and politics. Prerequisites: ECON:3100 and ECON:3150 and (MATH:1380 or MATH:1850). (3 s.h.)

Topics in Analytical Economics (ECON:4700)
Topics vary. Prerequisites: ECON:3150 and ECON:3100. (arr.)