USP Codes are listed in brackets by the 1991 USP code followed by the 2003 USP code (i.e. [M2<>QB]).

1000. Global Economic Issues. 3. [C2, G1<>CS, G] Incoming students are introduced to basic principles of economics through the examination of contemporary global economic problems. Issues include sustainable development, economic causes of wars, global energy dependence, patterns of international capital flows, foreign aid, the brain drain and the emerging global business community. Topics selected will define the set and level of economic principles introduced. Cross listed with INST 1000.

1010. Principles of Macroeconomics. 3. [C2<>CS] A beginning study of how economic society is organized and uses scarce resources to provide for its material wants. National income analysis; business cycles; the banking system; monetary and fiscal policy. Inflation and unemployment. Cross listed with AGEC 1010. (Offered fall, spring and summer)

1020. Principles of Microeconomics. 3. [C2<>CS] A basic study of value and price theory, monopoly and public policy; markets for productive goods and services; alternative forms of economic organization; international trade. Cross listed with AGEC 1020. (Offered fall, spring and summer)

1200. Economics, Law and Government. 3. [V1<>V] Markets and free enterprise depend on supportive legal and political institutions. The course exposes students to the U.S. political economy. Important relationships between market development, the legal frame-work and the political system are presented. The U.S. and Wyoming constitutions are studied to show their importance to free enterprise. Topics deal with public choice, cost-benefit analysis in policy, the importance of property rights and regulation. (Offered fall and spring semesters)

2100. Introduction to Money and Banking. 3. [C2<>(none)] An introduction to the entire area of money and public finance. Oriented towards students wishing to obtain a broad general understanding of importance of money and public finance upon economic activity. Covers money and private financial institutions, monetary theory and policy, as well as public finance and fiscal policy. Credit will not be allowed for more than one of: ECON 2100 or FIN 4520. Prerequisite: ECON 1010, 1020 or consent of instructor.

2400. Economics of the Environment. 3. [C2, W2<>(none)] This introductory course examines in detail the relationship between the economy and the natural environment. Primary attention is given to efficient environmental management and policies. Current environmental issues are studied and evaluated from an economic perspective. Prerequisite: ECON 1010, 1020 or consent of instructor. (Offered based on sufficient demand and resources)

2500. The Impact of the Union Pacific on Wyoming History. [W2, C2<>(none)] Students experience and interpret the impact of the building of the Union Pacific Railroad on the history and culture of Wyoming through the lens of three disciplinary perspectives. Students will explore how the railroad impacted Wyoming geography, economic development and the people of the state through personal research projects. Cross listed with HIST 2500 and G&R 2500.

3010 [2010, 4010]. Intermediate Macroeconomics. 3. [M3<>(none)] A presentation and study of national income aggregates and accounting; equilibrium analysis of output, employment and the price level; general equilibrium analysis; and an introduction to economic dynamics. Prerequisites: ECON 1010 and 1020;QA. (Offered fall and spring semesters)

3020 [2020, 4020]. Intermediate Microeconomics. 3. [M3<>(none)] Relative to a beginning course, this is a more advanced course on the theory of demand, production, cost and supply; and the theory of the firm, including market price under monopoly, monopolistic competition and oligopoly. Attention is given to the theory of factor prices and topics on welfare economics. Prerequisites: ECON 1010 and 1020; QA. (Offered fall and spring semesters)

4000. Conference. (B) 1-4 (Max. 4). A tutorial-conference course intended to give economics majors an opportunity to engage in extensive research in some aspect of economics. Specific topics vary with students' needs and interests. Prerequisite: ECON 3010, 3020 or consent of instructor. (Offered fall, spring and summer)

4030. Managerial Economics. 3. An advanced course on the theory of demand, production, cost, and supply; and the theory of the firm, including market price under monopoly, monopolistic competition and oligopoly.  Attention is given to the theory of factor prices and topics on welfare economics. Credit cannot be earned for this course and ECON 3020.  Prerequisite: senior standing or above.

4115 [4110]. Time Series Analysis and Forecasting. (B) 3. [M3<>(none)] Designed to have an applied orientation in a number of estimation procedures, such as exponential smoothing and forecasting with and without the presence of trends and seasonal repetitive patterns. The Box-Jenkins procedure will be covered in detail. Students become proficient in the application of statistical tools used in time series analysis of economic data. Cross listed with STAT 4115. Prerequisites: STAT 3050 or equivalent; STAT 4015/5015 recommended. (Offered based on sufficient demand and resources)

4230 [4340]. Intermediate Econometric Theory. (B) 3. [M3<>(none)] Covers simple and multiple regression models, problems of estimation, hypothesis and diagnostic testing, dummy variable, autoregressive and distributed lag models, and time-series analysis. The objective is to understand the underlying theory of econometric modeling and obtain operational ability to construct, estimate, and test econometric models. Cross Listed with AGEC 4230. Prerequisites: ECON 3020, STAT 2050 and MATH 2350. (Normally offered spring semester)

4240. History of Economic Thought I. (B) 3. Focuses on the most influential economists who have shaped the evolution of economic thinking throughout history. Emphasis is on tracing the evolution of economic thought into the modern intellectual foundation of economics. Traces changing economic thought from mercantilism through modern paradigms. Prerequisites: ECON 1010 and 1020.

4320. Mathematical Economics. (B) 3. [M2<>(none)] A study of the principal mathematical techniques as used in economic theory and modeling. Topics include fundamental concepts underlying marginal analysis, linear programming and comparative statics. Prerequisites: ECON 1010, 1020 and MATH 2205 or equivalent. (Normally offered fall semester)

4360. Seminar in Economics. (B) 1-3 (Max 6). An analysis of selected problems of economics theory. Topics vary with student interest and with current stress in economics theory. Prerequisites: ECON 3010, 4020 or consent of instructor. (Offered based on sufficient demand and resources)

4400. Environmental Economics. (B) 3. [M3<>(none)] The study of economic issues involved in development and maintenance of human environment. Problems of resource allocation, social cost, pollution (water and air) and policy issues involved in these areas. Major emphasis is directed toward evaluating welfare implications of these environmental issues. Prerequisites: ECON 3020 and junior standing; or consent of instructor. (Offered based on sufficient demand and resources)

4410. Natural Resource Economics. (B) 3. A study of the economic issues associated with renewable and nonrenewable resources. Special emphasis is directed toward hard rock minerals, fossil fuels, fisheries and forestry resources. Issues of optimal extraction and depletion, effect of alternative market structures, and role of uncertainty are addressed with regard to efficient management and allocation of these resources. Prerequisites: ECON 3020 and junior standing; or consent of instructor.  (Offered based on sufficient demand and resources)

4420. Seminar: Economics for ENR. 2-4. For students with little or no background in economics interested in economic perspectives on ENR. Emphasis is on integrated ecology-economics approach to investigate the economics environmental services, biological resources, and the ecosystems that contain them. CBEC and ECON majors cannot earn upper-division economics credit for this course. Prerequisites: successful completion of QB and senior standing.

4450. Monetary Theory. (B) 3. [M3<>(none)] Topics in this course center on theories of the value of money and price levels; central banking theory and policy; international exchange; world monetary institutions. Prerequisites: MATH 1400 and 2350. (Offered based on sufficient demand and resources)

4520. Public Finance. (B) 3. [M3<>(none)] Analyzes public expenditures, revenues, debts; their causes, distribution and trends, effects upon the economy. Emphasis is on the federal aspect. Prerequisites: ECON 1010 and 1020, M1<>QA.

4530. State and Local Finance. (B) 3. [M3<>(none)] The study of state and local revenues, expenditures, fiscal administration and policies, with special emphasis on Wyoming problems. Prerequisites: ECON 1010 and 1020; M1. (Offered based on sufficient demand and resources)

4700. Economic Development. 3. Encompasses the study of institutional and social, as well as economic, mechanisms for modernizing an economy while eliminating absolute poverty. Covers the economic concepts that help us explain why some countries are poor and how economic policies can assist those countries in becoming more developed. Case studies of specific country experiences are presented along with the economic theories in an integrated manner. Prerequisites: ECON 1010, 1020.

4710. Comparative Systems. (B) 3. [G1<>(none)] The study of the origins and characteristics of modern economic systems; similarities and differences in the systems of the U.S., Great Britain, Soviet Union, Germany, India and China. Cross listed with INST 4710 Prerequisites: ECON 1010 and 1020; M1QA. (Offered based on sufficient demand and resources)

4720. International Trade. (B) 3. [G1, M3<>(none)] The gains from specialization and trade are studied, as are explanations of trade patterns among countries, policies affecting trade such as tariffs, quotas, tax breaks, subsidies, cartels and price stabilization plans. Topics on labor migration and multinational corporations are covered. Prerequisites: ECON 3020 and junior standing. (Normally offered fall semester)

4740. International Finance. (B) 3. [G1, M3<>(none)] The focus is on foreign exchange markets, balance of payments analysis and effects of international trade and capital flows on the domestic economy. Policies to correct payment deficits, gold, international liquidity and international financial institutions are studied. Prerequisites: ECON 1010 and 1020; M1<>QA.

4800. Labor Economics. (B) 3. [C2] The study of labor supply, labor demand, wage determination, resource allocation and income distribution. Emphasis is on public policy. Prerequisites: ECON 1010 and 1020; M1<>QA. (Offered based on sufficient demand and resources)

4820. Industrial Organization and Public Policy. (B) 3. [M3<>QA] The conduct and performance of market structures is analyzed. Structures include perfect competition, monopolistic competition, oligopoly and monopoly. Special attention is given to the study of strategic behavior in industry. Game theory is introduced. Public policy against monopoly practices is reviewed. Prerequisites: ECON 1010 and 1020; M1. (Offered based on sufficient demand and resources)

4830. Telecommunications Policy and Regulation. (B) 3. Deals with telecommunications policy and regulation. Major emphasis is placed on specific contemporary issues in telecommunications policy such as the emergence of competition, the states and federal mix of regulations, alternative forms of regulation and technology and competitive industrial structure. Prerequisites: ECON 1010 and 1020.

4840. Public Utility Economics. (B) 3. The economic foundations of the public utility industries; the theory of public utility rate making; pricing and resource allocation; and the effectiveness of utility regulation. Prerequisites: ECON 1010 and 1020; M1<>QA. (Offered based on sufficient demand and resources)

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