University of Michigan - Flint

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Courses in Economics - Undergraduate

(scroll down for graduate courses)

201 - Principles of Economics (Macroeconomics). (3)s/ar2

Introduction to the principles of economic organization and national income determination and stabilization. Topics include inflation, unemployment, money and banking, and the economic role of government.

202 - Principles of Economics (Microeconomics). (3)s/ar2

Introduction to the economic theories of production, consumption and exchange. Topics include applications of supply and demand, production and cost analysis, market structure, market failure, resource markets, and regulation.

314 - Money and Banking. ECN 201. (3)s.

Nature and functions of money. Commercial banking system and its role in the creation of money. Federal Reserve System as an agency of government control over the economy. Introduction to monetary theory.

315 - Intermediate Microeconomic Theory. ECN 201, 202; MTH 117 (3)s.

Analysis of the behavior of decision makers in households, firms, and governments and the role of prices in resource allocation; market structure, economic welfare, regulation, externalities, public goods, and general equilibrium.

327 - History of Economic Thought. ECN 201, 202. (3)s.

Development of economic thought from early times to the present. Particular attention to the ideas of Adam Smith, David Ricardo, John Stuart Mill, Karl Marx, Thorstein Veblen, and John Maynard Keynes.

330 - Political Economy. ECN 201, 202. (3)s.

Comparison of competing schools of thought in political economy in historical perspective. Individual versus social explanations of inequality; alternative views of the market as a social phenomenon; the relationship between the political, social, and economic systems; theories of long-term structural transformation of the economy.

332 - Comparative Economic Systems. ECN 201, 202. (3)s.

Theories of capitalism, socialism, and mixed economies. The free market and planned economies. Application to exisiting economies.

335 - Sports Economics. ECN 202. (3)s.

Application of economic theories to issues relevant in professional and amateur sports. Topics include public financing of sports arenas, cost-benefit analysis of a franchise to a city, compensation of athletes, optimal ticket pricing strategies, and the industrial organization of professional and amateur leagues, including the anti-trust issues.

342 - Introduction to Econometrics. ECN 201, 202, and a course in statistics. (3).

Statistical analysis of economic relationships. Emphasis on construction and use of economic models. Multiple regression, two-stage least squares, and other methods of estimating solutions to sets of simultaneous equations.

354 - Intermediate Macroeconomic Theory. ECN 201; MTH 117 (3)s.

Theoretical and empirical literature in macroeconomics, including classical, Keynesian, and monetarist theories. Causes, consequences and cures of inflation and unemployment. Determination of equilibrium income, demand for and supply of money, the interest rate, and instability in the private economy.

360 - International Economics. ECN 201, 202 (3)s.

Conduct of trade between nations. Problems of the balance of trade and of payments. Trade policies and their effects upon domestic and foreign economies. Development of agencies for stimulating and financing international trade.

364 - Industrial Economics. ECN 201, 202 (3)s.

Theories of competition and market power. Concentration, scale economies, product differentiation, entry barriers, collusion, mergers, price discrimination, and technological change. Problems in public utility rate-making, misallocation induced by regulation, and the role of competition in regulated industries.

367 - World Economic History. ECN 201, 202 (3)s.

Study of economic development from invention of agriculture to the present. Topics include technological change, evolution of economic institutions, the industrial revolution, colonialism and decolonization, and globalization. Theoretical focus on issues of growth and development. Also listed as INT 367.

370 - Public Finance. ECN 201, 202 (3)s.

Analytical methods applied to the problems of government finance. Effects of revenue and expenditure proposals on the allocation of resources, distribution of income, and administration of government.

372 - Urban Economics. ECN 201, 202 (3)s.

Analysis of urban and regional economic problems. Location theory, export-base analysis, housing, transportation, and local services.

374 - Energy Economics and Policy. ECN 202 (3)s.

Analysis of energy resource development, utilization, and conservation. Long-term energy requirements; alternative sources. Examination of public energy policies. Benefit-cost analysis.

375 - Law and Economics. ECN 201, 202 (3)s.

Economic analysis of the legal system. Emphasis on functions on property, contract, tort and criminal law. Public policy issues concerning reform of the legal system.

376 - Environmental Economics. ECN 202 (3)s.

Application of economic theory to environmental problems. Examination of externalities. Economics of environmental preservation: benefit-cost approach. Governmental environmental policy alternatives. Economic growth and environmental quality.

380 - Economics for Education. ECN 201, 202 (3)s.

Economic concepts and theories taught in the elementary and middle school grades. Emphasis on strengthening knowledge of applied economics with materials and techniques currently used in the classroom. Group projects aimed at providing practical experience in teaching economics.

391 - Directing Reading in Economics. At least 18 credits in economics and consent of instructor. (1-3)s.

Assigned study of topics in economics beyond the scope of regular coursework.

394 - Directed Research in Economics. At least 18 credits in economics and consent of instructor. (1-3).

Applied research under faculty supervision on an appropriate topic in economics.

395 - Internship in Applied Economics. At least 18 credits in economics, consent of instructor. (3-6 credits).

Provides the qualified student with on-the-job experience using economics skills. Internship in a selected organization under the supervision of organization personnel and a faculty advisor. Required attendance at periodic seminars and submission of a written report summarizing the internship experience. May be reelected to a maximum of six credits, no more than three of which are applicable to the concentration requirement. Graded Pass/Fail.

421 - American Economic History. ECN 201. (3)s.

Case study in economic development. Colonization, westward movement, agriculture, transportation, industrial revolution, trust movements, slavery, capital growth, money and banking, commerce, and social progress; chiefly since 1790.

424 - Labor Economics. ECN 201, 202 (3)s.

Examination of labor issues within the context of various theories. Exploration of questions about why people work, the conditions under which they work, how they are paid, and the structure of labor markets.

466. (366) - The Global Economy. ECN 201, 202 (3)s.

Consideration of the Global Economy, primarily since 1945. Theories of growh and technological change. Case studies of major countries and investigation of key sectors, including manufacturing, information technology, and financial services. Also listed as INT 466.

469 - Managerial Economics. ECN 201, 202 (3)s.

Application of economic theory to the analysis of business problems. Empirical demand and supply analysis, pricing practices, price regulation and antitrust policy, investment decisions, research and development policy, and forecasting. Problems and case studies.

475 - Cost-Benefit Analysis. ECN 202 (3)s.

Comprehensive, theoretical overview of cost-benefit analysis. Emphasis on theoretical framework for identification and assessment of costs and benefits from society's perspective. Welfare economics and microeconomic foundation of cost benefit analysis; analytical tools and concepts to identify, measure, and compare all possible allocational outcomes in project evaluation; analysis of distributional effects; project evaluation under risk and uncertainty. Also listed as PUB 475.

479 - Economics of Health Care. ECN 202, HCR 300 (3)s.

Economic analysis of the health care industry and governmental policies in health care. Economic tools to determine probable effects of proposals on the pattern of health care produced and on the allocation of resources both within the industry and in the economy generally. Also listed as HCR 479 and PUB 479.

Application of statistical techniques to problem-solving. Forecasting and time-series; regression; correlation; variance; cost-benefit analysis. Computer methods in solving problems of public policy and health care administration. Also listed as PUB 480.

495 - Honors Thesis I. Consent of Department Chair. Open only to Honors Program students in Economics. (4)

Credit and grade for ECN 495 is not given until successful completion of ECN 496. Also listed as HON 495.

496 - Honors Thesis II. Prior or concurrent election of ECN 495 and consent of Department Chair. Open only to Honors Program students in economics. (4). Also listed as HON 496.

Courses in Economics - Graduate

521 - American Economic History. Graduate standing; ECN 201 or consent of instructor. (3)

See ECN 421 for description. Not open to students with credit from ECN 421.

524 - Labor Economics. Graduate standing; ECN 201, 202; or consent of instructor (3).

See ECN 424 for description. Not open to students with credit from ECN 424.

527 - History of Economic Thought. Graduate standing; ECN 201, 202; or consent of instructor. (3).

See ECN 327 for description. Not open to students with credit for ECN 327.

532 - Comparative Economic Systems. Graduate standing; ECN 201, 202; or consent of instructor. (3).

See ECN 332 for description. Not open to students with credit for ECN 332.

566 - Global Economy. Graduate standing; ECN 201, 202; or consent of instructor. (3).

See ECN 466 for description. Not open to students with credit for ECN 466.

567 - World Economic History. Graduate standing; ECN 201, 202; or consent of instructor. (3).

See ECN 467 for description. Not open to students with credit for ECN 467.

569 - Managerial Economics. Graduate standing; ECN 201, 202, or consent of instructor. (3)

See ECN 469 for description. Not open to students with credit for ECN 469.

571 - Public Economics. Graduate standing (3).

Application of economics tools for public decision-making; emphasis on welfare economics and the microfoundation of public expenditure analysis; issues and problems in project evaluation and application of cost-benefit techniques.  Also listed as PUB 571.

573 - Law and Economics. Graduate standing; ECN 201, 202; or consent of instructor. (3).

See ECN 375 for description. Not open to students with credit for ECN 375.

575 - Cost-Benefit Analysis. Graduate standing; ECN 202 or consent of instructor (3).

See ECN 475 for description. Not open to students with credit for ECN/PUB 475. Also listed as PUB 575.

579 - Economics of Health Care. Graduate standing; ECN 202; HCR 300; or consent of instructor (3).

See ECN 479 for description. Not open to students with credit for ECN/HCR/PUB 479. Also listed as HCR 579 and PUB 579.

580 - Quantitative Methods for Public Administration. Graduate standing (3).

See ECN 480 for description. Not open to students with credit for ECN/PUB 480. Also listed as PUB 580.