Undergraduate Course Listings
Course Listings 2006 - 2007
201 Introductory Economics: A Survey Course (4) Theory of consumer behavior, theory of firms, supply and demand, costs of production, market models, national income and employment theory, money and banking, monetary and fiscal policy, debt, and international economics. (SS)
207 Honors: Introductory Economics (4) Honors course for students of superior ability and interest. Students accepted on the basis of their records.
(SS) Comment(s): 28 ACT composite or 1250 composite SAT required.
300 Special Topics I (3) Variable topics treated at the introductory level.
(RE) Prerequisite(s): 201 or 207.
311 Intermediate Microeconomics (3) Theories of consumer behavior, of production and costs, of price and behavior of firms in perfectly competitive, monopolistic and imperfectly competitive markets, input prices, income distribution, welfare and general equilibrium.
Credit Restriction: Students may not receive credit for both Economics 311 and 312.
(RE) Prerequisite(s): 201 and Statistics 201.
312 Managerial Economics (3) Microeconomic fundamentals of managerial decision-making and strategy intended for business students. Topics include supply and demand interactions, production and cost, consumer behavior and demand, optimization, market structure, pricing strategy, risk and uncertainty, and game theory.
Credit Restriction: Students may not receive credit for both Economics 311 and 312.
(RE) Prerequisite(s): 201 and Statistics 201.
Registration Restriction(s): Majors in the College of Business Administration.
313 Intermediate Macroeconomics (3) Measurement of income and prices, aggregate demand, output, employment, price determination, inflation, business fluctuations, fiscal and monetary policies and growth.
(RE) Prerequisite(s): 201 and Statistics 201.
322 The Global Economy: Trade and Development (3) Analyses of international trade and finance, and their effects on economic development. Course utilizes a policy-oriented approach drawing upon introductory economic principles. Overview of relevant topics such as theories of economic development, poverty and income inequality, comparative advantage and commodity composition of trade, regional economic integration, foreign investment, finance, and debt. Writing-emphasis course.
Credit Restriction: Students may not receive credit for both Economics 322 and 329.
(RE) Prerequisite(s): 201 or 207.
329 International Economics for Business (3) Statement of international transactions, exchange rate determination, risk management strategies, currency crises, monetary arrangements, comparative advantage, tariff and non-tariff trade distortions, trade policies, protectionist arguments, regional integration.
Credit Restriction: Students may not receive credit for both 322 and 329.
(RE) Prerequisite(s): Business Administration 361.
Comment(s): Students must be in the international business collateral or dual concentration.
Registration Restriction(s): Majors in the College of Business Administration.
331 Government and Business (3) Antitrust and regulatory economics, problems in regulation and social control of business organization, oligopoly models. Writing-emphasis course.
(RE) Prerequisite(s): 201 or 207.
333 Law and Economics (3) Analysis of legal decisions and rulings as they affect the allocation and distribution of resources in the economy. Topics include property law, contracts, torts and administrative law, with applications drawn from various areas in economics and case law. Writing-emphasis course.
(RE) Prerequisite(s): 201 or 207.
351 Monetary Economics (3) Role of money in the economy, Federal Reserve System. Evaluation of monetary policy, U.S. depository institutions and money supply process.
(RE) Corequisite(s): 313.
361 Regional and Urban Economics (3) Overview of regional differences. Theory of industrial and agricultural location and human migration, economic basis for land use patterns, central places, and urban form, regional and urban structure, growth, and methods of analysis, examination of urban problems. Writing-emphasis course.
(RE) Prerequisite(s): 201 or 207.
362 Environmental and Natural Resource Policy (3) Application of introductory microeconomic principles to contemporary environmental and natural resource policy issues such as air pollution, global climate change, population growth, forest management, and endangered species protection. Writing-emphasis course.
(RE) Prerequisite(s): 201 or 207.
371 Public Finance: Expenditure Analysis (3) Problems of collective consumption, external effects, public investment, social decision making. Writing-emphasis course.
(RE) Prerequisite(s): 201 or 207.
381 Introduction to Econometrics (3) Introductory probability, statistics, and econometrics from an economic perspective, with emphasis on skills related to gathering, managing, processing, presenting, and interpreting economic data. Includes the use of statistical software in handson research projects. Considers common econometric problems such as multicollinearity, heteroscedasticity, and autocorrelation.
(RE) Corequisite(s): 311 or 313.
400 Special Topics II (3) Variable topics for advanced students.
(RE) Prerequisites: 311 and 313.
Registration permission: Consent of instructor.
413 Macroeconomics: Business Cycles and Growth (3) Analysis of macroeconomic short-run fluctuations and long-term growth. Coverage will also include the role of monetary and fiscal policy on aggregate output, employment, and interest rates. (RE) Prerequisite(s): 313.
421 International Economics (3) Balance of payments, exchange rate determination, monetary and fiscal policies, monetary arrangements, comparative advantage, tariff and nontariff trade distortions, protection arguments, and regional integration, with analyses based upon intermediate-level economic theory.
(RE) Prerequisite(s): 311.
435 Industrial Organization (3) Monopoly and competition in United States economy, interrelationship of market structure, business behavior, and economic performance.
(RE) Prerequisite(s): 311.
436 Economics of Health and Health Care (3) Medical care and health status; demand for medical care and insurance; physician and hospital supplies; government provision of services and insurance; regulation of health care markets. Writing-emphasis course.
(RE) Prerequisite(s): 311.
441 Labor Economics (3) Extension of economic principles to labor markets, public policy questions, demand and supply, theory of wage differentials, unemployment, unions in the private sector, investment in individuals, education and training, mobility. (RE) Prerequisite(s): 311.
463 Environmental Economics (3) Economic foundations for public decision-making about environmental resources, utilizing tools from intermediate microeconomic theory. Emphasis on the welfare economic approach for the provision of public goods, with specific emphasis on market failure, externalities, benefit-cost analysis, and methods for valuing environmental resources and human health.
(RE) Prerequisite(s): 311.
472 Public Finance: Taxation and Fiscal Federalism (3) Analysis of federal, state, and local government revenue systems, to include individual and corporate income, sales, and property taxes and other tax and non-tax revenue sources. Consideration of current policy issues and relations among various levels of government.
(RE) Prerequisite: 311.
482 Introduction to Mathematical Economics (3) Application of basic mathematical tools (e.g., calculus, matrix algebra, etc.) to major topics of economic theory.
(RE) Prerequisite(s): 311. Comment(s): Grade of B or better in 311 is required.
492 Economics Off-Campus Study (1-3) Internship or other supervised economic experience with firm, government agency or other relevant organization. Student must seek approval from a faculty member prior to starting work, register for credit in the first semester following work completion, and write a paper describing the economic nature of the work performed.
Grading Restriction: Satisfactory/No Credit grading only. Repeatability: May be repeated. Maximum 3 hours.
(RE) Prerequisite(s): 311 and 313.
Registration Restriction(s): Economics major. Registration Permission: Consent of faculty member.
493 Independent Study (1-3) Directed research on subjects of mutual interest to student and faculty member. Student must meet with the faculty member before registering.
Repeatability: May be repeated. Maximum 3 hours.
(RE) Prerequisite(s): 311 and 313.
Comment(s): GPA of 3.0 or better in economics courses required.
Registration Restriction(s): Economics major.
Registration Permission: Consent of faculty member.
498 Honors Thesis (3) Completion of undergraduate thesis.
Registration Restriction(s): Honors economics concentration.
Registration Permission: Consent of faculty advisor.
499 Analysis of Economic Problems (3) Study of the effects of economics on modern society and the practice of economics from a value oriented perspective. Students will integrate learning from all fields of economics and other disciplines where appropriate, and work as teams to prepare economic analyses of selected economic problems facing modern society. Writing-emphasis course.
(RE) Prerequisite(s): 311 and 313.
Recommended Background: 9 other hours of upper-division economics courses.
Registration Restriction(s): Economics major.
Department of Economics
College of Business Administration
505A Stokely Management Center
Knoxville, TN 37996
Phone: (865) 974-3303
Fax: (865) 974-4601