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New Mexico State University
Undergraduate Catalog
2012-2013

ECON-ECONOMICS

ECON 201G. Introduction to Economics - 3 cr.
Economic institutions and current issues with special emphasis on the American economy.
ECON 251G. Principles of Macroeconomics - 3 cr.
Macroeconomic theory and public policy: national income concepts, unemployment, inflation, economic growth, and international payment problems.
ECON 252G. Principles of Microeconomics - 3 cr.
Microeconomic theory and public policy: supply and demand, theory of the firm, market allocation of resources, income distribution, competition and monopoly, governmental regulation of businesses and unions.
ECON 304. Money and Banking - 3 cr.
Income measurement and determination, monetary and fiscal policies. Prerequisite: ECON 251G or equivalent, or consent of instructor.
ECON 324V. Developing Nations - 3 cr.
Economic analysis of problems related to development of developing nations. Issues such as growth, industrialization, poverty, population, international trade, foreign debt, and international economic relations. Prerequisite: ECON 201G or ECON 251G.
ECON 325V. Economic Development of Latin America - 3 cr.
Economic analysis of problems related to development in Latin America, including the agrarian problem, debt and austerity programs, industrialization, inflation and unemployment, the drug trade, U.S.-Latin American relations, development strategies. Also individual countries problems. Prerequisite: ECON 201G or ECON 251G.
ECON 332. Public Finance - 3 cr.
This course will examine the roles of government in modern, market-oriented, mixed economies. It will examine justifications for government participation in resource allocation, income distribution, and economic stabilization focusing primarily on the fiscal functions of government, taxation and public expenditure. Students will apply basic microeconomic analysis to analyze the impacts of public taxation and expenditures on economic decisions made elsewhere in the economy. In this course the emphasis will be on understanding the workings of public finance in fiscal federalist systems like the United States, but the principles taught will be applicable across other economic systems. Prerequisites: ECON 252
ECON 335V. Business and Government - 3 cr.
Relation of government to business through regulation; political, legal, and social implications. Prerequisite: 3 credits of economics. Same as MGT 335V.
ECON 336. Labor Problems - 3 cr.
Evolution of labor problems, development of unions, industrial conflict, and employer-employee relationships, labor legislation. Prerequisite: 3 credits of economics.
ECON 337V. Natural Resource Economics - 3 cr.
Prerequisite: ECON 201 or ECON 252. Same as AG E 337V.
ECON 340. American Economic History - 3 cr.
The rise of big business and organized labor, increasing price rigidities, and growing government intervention. Same as HIST 340.
ECON 350. Current Economic Issues - 3 cr.
Contemporary American socio-economic problems related to technology, environment, employment, economic security, and income distribution. Content changes as issues change. Prerequisites: ECON 251G and ECON 252G or consent of instructor.
ECON 371. Intermediate Microeconomic Theory - 3 cr.
Contemporary economic theory with emphasis upon value and distribution. Prerequisite: ECON 252G or equivalent.
ECON 372. Intermediate Macroeconomic Theory - 3 cr.
Analysis of gross domestic product, the Classical, Keynesian, and Neo- Keynesian theories of income, employment, inflation and growth. Prerequisite: ECON 251G or equivalent.
ECON 384V. Water Resource Economics - 3 cr.
Use of economic principles to evaluate current and emerging issues in water resources. Applications focus on use of economic methods of analysis to current policy decisions surrounding agricultural, municipal, industrial, and environmental uses of water. Prerequisite: AG E 100 or ECON 252G. Same as AG E 384V.
ECON 401. Managerial Economics - 3 cr.
Application of economic theory to problems of business management. Prerequisites: ECON 252G and either MATH 125 or MATH 142 or equivalent, or consent of instructor.
ECON 405. Economic Statistics - 3 cr.
Multiple regression and correlation applied to economics and business; inference techniques; significance tests; simultaneous equations, estimation, and problems. Prerequisite: STAT 251G or equivalent.
ECON 406. The Economics of Sports - 3 cr.
Applying the tools of economic analysis to a particular industry and gaining an in-depth knowledge of the interaction of professional sports teams and leagues with the economy and society. Prerequisites: one previous course in economics or consent of instructor. Same as AG E 406.
ECON 432V. Economics of Health Care - 3 cr.
Analysis of the allocation of resources in the field of health and medical care.
ECON 450V. International Economics - 3 cr.
Trade and capital flows between countries, international payments, government policy in balance-of-payments and tariff matters, international organizations. Prerequisite: ECON 201G or equivalent. Same as I B 450V.
ECON 453. Introduction to Health Services Policy - 3 cr.
The economics of health care policy in the United States with concern for U.S. Mexico border health issues and international comparisons. Same as MGT 462.
ECON 455. Public Utilities Regulation - 3 cr.
Procedures of utility regulation; regulatory theory applied to specific industries; commission regulation compared to public ownership and deregulation. Prerequisites: ECON 252G, FIN 306, or consent of instructor. Same as MGT 455.
ECON 457. Mathematical Economics - 3 cr.
Application of mathematical tools, especially the calculus, to economic theory. Prerequisite: one upper-division economics course.
ECON 460. Intelligence Research and Analysis - 3 cr.
This course explores the organization, functions, and processes of the U.S. Intelligence Community (IC), with focus on practical intelligence research and analytical methods. Students will learn in-depth research techniques that will be valuable to any course of study. Critical thinking skills will be enhanced through the practice of analytical methods that can be applied toward national security and/or commercial interests. Unclassified and declassified data, including human intelligence, imagery, and other sources of evidence will be used in class projects and assignments. Intelligence successes and failures will be examined, as well as the politicization of intelligence and the relationship of intelligence activities to policy and policymakers. Prerequisite: Junior status or above.
ECON 465. Economics of Human Resources - 3 cr.
Measurement, allocation, and utilization of human resources; labor supply, value of education and training, labor market dynamics, unemployment, government manpower programming.
ECON 489. Senior Economics Seminar - 3 cr.
Seminar primarily for economics majors in their final semester. Provides an opportunity to apply economic theory to a broad variety of topics. Prerequisite: ECON 371 or ECON 372.
ECON 490. Selected Topics - 1-3 cr.
Current topics in economics. Subject matter to be designated for each semester.
ECON 498. Independent Study - 1-3 cr.
Individual studies directed by consenting faculty with the prior approval of the department head. May be repeated for a maximum of 3 credits. Prerequisite: junior or above standing and consent of instructor.