920 Economics

920:020. Introduction to Decision Techniques -- 3 hrs.
Quantitative and qualitative aspects of problem solving and decision making. Structuring and basics of decision making, applications of probability, functional relationships, marginal analysis, and linear programming. Emphasis on model formulation and interpretation of results. May not be used for credit on the Economics major or minor or the Social Science major or minor. Prerequisite: 800:072 or 800:092 or equivalent. (Offered Fall, Spring, and Summer)

920:024. Introduction to Economics -- 3 hrs.
Overview of economics, including how a market system functions and how national income, output, and employment are determined. Primary focus (though not exclusively) on U.S. economy. No credit for students who have credit or are concurrently enrolled in 920:053 or 920:054. May not be used for credit on major or minor. (Offered Fall, Spring, and Summer)

920:053. Principles of Macro-Economics -- 3 hrs.
Introduction to the economizing problem and economic institutions. National income determination, monetary and fiscal policy, and global economic issues. (Offered Fall, Spring, and Summer)

920:054. Principles of Micro-Economics -- 3 hrs.
Study of producers and consumers in product and input markets. Applications of microeconomic theories to issues such as income distributions, the environment, agriculture, labor markets, government policies toward business, and others. Prerequisite: 920:053. (Offered Fall, Spring, and Summer)

920:070. Business Statistics -- 3 hrs.
Application and interpretation of probability and statistics as applied to business problems. Descriptive statistics, hypothesis testing, linear regression, and correlation. May not be used for credit on the Economics major or minor or the Social Science major or minor. Prerequisite: 800:072 or 800:092 or equivalent. (Offered Fall, Spring, and Summer)

920:103. Intermediate Macro-Economic Theory -- 3 hrs.
Intermediate level macro-economics. Determinants of aggregate demand, national product and employment; and macro-economics objectives and policies. Prerequisites: 920:053; 920:054. (Offered Fall and Spring)

920:104. Intermediate Micro-Economic Theory -- 3 hrs.
Intermediate level micro-economics. Theory of consumer choice, business firm, and resource allocation. Prerequisites: 920:053; 920:054. (Offered Fall and Spring)

920:113. Money and Banking -- 3 hrs.
Money, commercial banking, the Federal Reserve System, and monetary policy. Prerequisites: 920:053; 920:054. (Offered Fall and Spring)

920:116(g). Labor Economics -- 3 hrs.
Application of economic analysis to behavior of employers and employees. Prerequisites: 920:053; 920:054; junior standing. (Offered Fall)

920:117(g). Public Finance -- 3 hrs.
Taxation and government expenditures; fiscal policy. Prerequisites: 920:053; 920:054; junior standing. (Offered Spring)

920:120(g). Economics of Natural Resources -- 3 hrs.
Allocation of non-renewable and renewable resources over time; energy resources, minerals, water, and fisheries, along with the concept of growth in finite environment. Prerequisites: 920:053; 920:054; junior standing. (Variable)

920:123(g). Environmental Economics -- 3 hrs.
Allocative efficiency, environmental quality as a public good, pollution as an economic problem, and estimating an economic value for environmental (non-market) goods. Prerequisites: 920:053; 920:054; junior standing. (Variable)

920:125(g). Cost-Benefit Analysis -- 3 hrs.
Impact of public projects on resource allocation and social well being. Meaning and interpretation of Net Present Value (NPV). Problems encountered in quantifying various components of NPV and merits of alternative solutions. Prerequisites: 920:053; 920:054; junior standing. (Offered Fall)

920:135(g). The Organization of American Industry -- 3 hrs.
Structure, conduct, and performance of firms, industries, and market. Policies to maintain competition. Prerequisites: 920:053; 920:054; junior standing. (Variable)

920:136(g). International Economics -- 3 hrs.
International trade theory, trade strategies, economic unions, and factor movements. Prerequisites: 920:053; 920:054; junior standing. (Offered odd Falls)

920:137(g). Comparative Economic Systems -- 3 hrs.
Examination of capitalistic and socialistic economies through the work of their defenders and critics. Prerequisites: 920:053 and 920:054, or consent of instructor; junior standing. (Variable)

920:143(g). Economic Development -- 3 hrs.
Characteristics of developing nations, causes of underdevelopment, development theories, and development strategies. Prerequisites: 920:053; 920:054; junior standing. (Offered odd Springs)

920:148(g). Urban and Regional Economics -- 3 hrs.
Theory of location and regional development; factors influencing growth and location of production, location of households, city location and urban hierarchies, and land use patterns; measures and change in regional economic activity; and public policy issues in regional and urban evolution. Research methods including economic base, employment multiplier, location quotient, and threshold analyses. Prerequisites: 920:053 and 920:054, or consent of instructor; junior standing. (Offered Fall)

920:160(g). Managerial Economics -- 3 hrs.
Application of economic theory and methods to business and administrative decision making. Prerequisites: 920:053; 920:054; junior standing. (Offered Fall)

920:168(g). Mathematical Economics -- 3 hrs.
Application of mathematics to economics with an emphasis on matrices and introductory calculus. Prerequisites: 920:053 and 920:054, or consent of instructor; junior standing. (Offered even Falls)

920:169(g). Introduction to Econometrics -- 3 hrs.
Econometric techniques and the development of statistical techniques unique to the economics; econometric relationships derived in single and multivariate linear and non-linear regression analysis; use of statistical inference in econometric investigation with applications to classical works of economic topics. Prerequisites: 800:072; 920:053 and 920:054, or consent of instructor; junior standing. (Offered Spring)

920:170(g). History of Economic Thought -- 3 hrs.
Development of economic theory from early Greeks to John Maynard Keynes. Prerequisites: 920:053; 920:054; junior standing. (Variable)

920:175(g). International Financial Economics -- 3 hrs.
International financial theories and analysis of balance of payments, alternative exchange rate regimes, and capital movements. Prerequisites: 920:053; 920:054; junior standing. (Offered even Falls)

920:177. Internship in Community Economic Development -- 1-3 hrs.
Practical experience in a business, industry, or government agency. May be repeated for maximum of 3 hours. Prerequisites: 920:053; 920:054; three 100-level economics courses from UNI; junior standing; consent of department head. (Offered Fall, Spring, and Summer)

920:179. Cooperative Education in Economics — 1-3 hrs.
Compensated work experience in conjunction with an academic project conducted under faculty guidance. University elective credit is given on a graded basis. Prerequisites: 920:103; 920:104; cumulative UNI GPA of 3.00 or higher required prior to application; consent of department head. (Offered Fall, Spring, and Summer)

920:181(g). Directed Research in Economics -- 3 hrs.
Students demonstrate their grasp of economic theory and their writing abilities. Prerequisites: 920:053; 920:054; 920:103; 920:104; senior standing; Economics majors. (Offered Spring)

920:260 Managerial Economics -- 3 hrs.
Application of economic theory and methods to business and administrative decision making. Prerequisites: 920:053; 920:054; consent of MBA Director. (Offered Fall)

920:280. Topics in Economics -- 1-3 hrs.
Topics indicated in Schedule of Classes. May be repeated for maximum of 6 hours. Prerequisite: Consent of MBA Director. (Offered Fall and Spring)

920:285. Individual Readings -- 1-3 hrs.
Prerequisites: consent of MBA Director and Department Head. (Offered Fall, Spring, and Summer)

920:299. Research. -- 1-6 hrs.
Prerequisites: consent of MBA Director and Department Head. (Offered Fall, Spring, and Summer)