Pictured | Hakeem King | Economics / Minor in Business Administration | Buchanan, Michigan (hometown)
Club Affiliation | Finance and Economic Club
Economics | ECON
P Prerequisite | C Co-requisite | R Recommended
I Fall Semester | II Spring Semester | S Summer Session/s
- ECON-E 103 Introduction to Microeconomics (3 cr.) Scarcity, opportunity cost, competitive and non-competitive market pricing, and interdependence as an analytical core. Individual sections apply this core to a variety of current economic policy problems such as poverty, pollution, excise taxes, rent controls, and farm subsidies. I, II, S
- ECON-E 104 Introduction to Macroeconomics (3 cr.) Measuring and explaining aggregate economic performance, money, monetary policy, and fiscal policy as an analytical core. Individual sections apply this core to a variety of current economic policy problems such as inflation, unemployment, and economic growth. I, II, S
- ECON-E 201 Introduction to Microeconomics (3 cr.) An analysis of evolution of market structure using the analytical concepts of supply and demand, opportunity cost, and marginal analysis. Applications include a variety of concurrent microeconomic issues.
- ECON-E 270 Introduction to Statistical Theory in Economics and Business (3 cr.) P: BUS-K 201 and MATH-M 118. Credit not given for both ECON-E 270 and MATH-K 310. Review of basic probability concepts, sampling, inference and testing statistical hypotheses. Applications of regression and correlation theory, analysis of variance and elementary decision theory. I, II, S
- ECON-E 304 Survey of Labor Economics (3 cr.) P: ECON-E 103 or ECON-S 103. Economics problems of the wage earner in modern society; structure, policies, and problems of labor organizations; employer and governmental labor relations. I
- ECON-E 305 Money and Banking (3 cr.) P: ECON-E 103 or ECON-S 103, ECON-E 104 or ECON-S 104. Monetary and banking system of the U.S. The supply and control of money. The impact of money on the U.S. economy. Topics in the application of Federal Reserve monetary policy. Analytical treatment of the Federal Reserve system and the commercial banking industry. II
- ECON-E 308 Survey of Public Finance (3 cr.) P: ECON-E 103 or ECON-S 103, ECON-E 104 or ECON-S 104. Analysis of the impact of government activity upon the economy. Topics include: economic functions of government, public decision making, federal budget process, principles of taxation, and major United States taxes. I
- ECON-E 315 Collective Bargaining: Practices and Problems (3 cr.) P: ECON-E 304 or consent of instructor. Collective bargaining in contemporary economy; economic, social, and legal problems involved in negotiating; administration of collective bargaining agreement through grievance procedure and arbitration.
- ECON-E 321 Intermediate Microeconomic Theory (3 cr.) P: ECON-E 103 or ECON-S 103. The economics of consumer choice. The economics of production, cost minimization and profit maximization for business firms in the short run and long run under various market structures. Competition and adjustment to market equilibrium. Introduction to game theory, strategic interaction, and noncooperative equilibria. I
- ECON-E 322 Intermediate Macroeconomic Theory (3 cr.) P: ECON-E 104 or ECON-S 104. National income accounting; theory of income, employment, and price level. Countercyclical and other public policy measures. II
- ECON-E 344 Health Economics (3 cr.) P: ECON-E 321, R: ECON-E 270 or equivalent is strongly recommended. Systematic introduction to health economics and economics of health care, emphasis on basic economic concepts, such as supply and demand, production of health, information economics, choice under uncertainty, health insurance markets, Medicare and Medicaid, managed care, government intervention and regulation. Survey course with some topics in some depth.
- ECON-E 370 Statistical Analysis for Business and Economics (3 cr.) Lectures emphasize the use of basic probability concepts and statistical theory in the estimation and testing of single parameter and multivariate relationships. In computer labs, using Microsoft Excel, each student calculates descriptive statistics, probabilities, and least squares regression coefficients in situations based on current business and economic events.
- ECON-E 375 Introduction to Mathematical Economics (3 cr.) P: ECON-E 103, ECON-E 104, MATH-E 118 and MATH-E 119. Applications of mathematical concepts to equilibrium and optimization. Applications of matrix theory to input-output analysis, activity analysis, and models of capital accumulation.
- ECON-E 430 International Economics (3 cr.) P: ECON-E 103 or ECON-S 103, ECON-E 104 or ECON-S 104. Gains from trade, relation between factor rentals and goods prices, distributional effects of trade, tariff policy and quantitative interferences, trade problems of developing countries, discrimination and customs unions, balance-of-payments adjustment via prices and incomes, exchange rate policy, role of international reserves. II
- ECON-E 470 Introduction to Econometrics (3 cr.) P: ECON-E 270 or MATH-K 310. Applications of regression analysis to economic and business data. Estimation and hypothesis testing of the classical regression model. Heteroscedasticity, collinearity, errors in observation, functional forms and autoregressive models. Estimation of simultaneous equation models. I (even years)
- ECON-E 490 Advanced Undergraduate Seminar in Economics (3 cr.) P: ECON-E 321, ECON-E 322, ECON-E 470 or consent of instructor. Advanced intensive study of a topic area in economics. Topics will vary. May be repeated with different topics for a maximum of 9 credit hours. II