ECON 1500 BAI
Introduction to Economic Institutions, History, and Principles – 3 credits
Designed to build an understanding of economic institutions, history, and principles. Relationship between private and public sectors of U.S. economy. Analysis of major economic institutions, such as property rights, markets, business organizations, labor unions, money and banking, trade, and taxation.
Semester(s) Taught: F,Sp
ECON 1550 BSS
Introduction to Environmental and Natural Resource Economics
Introduction to the concepts of economics in the context of environmental and natural resource management
Semester(s) Taught: F
ECON 2010 BSS
Introduction to Microeconomics – 3 credits
Designed to build an understanding of the economics of the marketplace from the perspectives of individual consumer and producer or business. Development and application of microeconomic principles to demonstrate the role and limitations of competitive markets in motivating socially efficient consumer, business, and public sector choices.
Prerequisites: ECON 1500
Semester(s) Taught: F,Sp
ECON 3030 DSS
Introduction to Agribusiness Marketing – 3 credits
Principles and practices used by agribusiness firms to market products. Topics covered include the use of futures markets, international trade, marketing orders, and commodity marketing problems.
Prerequisites: ECON 1500
Semester(s) Taught: F
ECON 3050 DSS
Introduction to Agribusiness Management – 3 credits
Application of principles and practices used by managers of agribusiness firms.
Prerequisites: ECON 1500, ACCT 2010
Semester(s) Taught: Sp
ECON 3170
Law and Economics – 3 credits
Explains legal and political rules, the organization of government, and other institutional processes. Uses standard microeconomic tools and concepts, such as scarcity, choice, preferences, incentives, and supply and demand.
Prerequisites: POLS 1100
Semester(s) Taught: F
ECON 3400 DSS
International Economics for Business – 3 credits
Primary issues in international economics as applied to contemporary business problems. Topics include trade patterns and policies, capital markets, and technology transfer.
Prerequisites: ECON 2010
Semester(s) Taught: F,Sp,Su
ECON 3900
Independent Reading and Research – 1-3 credits
Semester(s) Taught: F,Sp,Su
ECON 4010 DSS
Managerial Economics – 3 credits
Microeconomic principles applied to economic decision-making and policy formulation, with emphasis at the level of business firm and the individual consumer. Designed for undergraduate business and accounting majors. Credit will not be given for both ECON 4010 and 5010.
Prerequisites: ECON 1550 or 2010; MATH 1100; STAT 2300
Semester(s) Taught: F,Sp
ECON 4020
Macroeconomics for Managers – 3 credits
Macroeconomic analysis applied to forecasting and understanding fluctuations in the levels of income, employment, and production. Designed for undergraduate business and accounting majors. Credit will not be given for both ECON 4020 and 5000.
Prerequisites: ECON 1500
Semester(s) Taught: F,Sp
ECON 4030 CI
Agribusiness Finance – 3 credits
Financial considerations in organizing and operating farms, ranches, and agribusiness firms.
Prerequisites: ECON 2010, or ECON 3030 and 3050; ACCT 2010
Semester(s) Taught: F
ECON 4310 QI
Mathematical Methods for Economics – 3 credits
Review of single-variable calculus (differentiation and integration); multivariate calculus (including the chain rule and implicit differentiation); optimization (unconstrained and constrained); linear algebra and applications (including linear programming). Economic applications.
Prerequisites: ECON 2010; MATH 1100 or its equivalent
Semester(s) Taught: F
ECON 4950H
Senior Honors Thesis/Project – 3 credits
Creative project that will then be written up, and presented, as a Senior Thesis as required for an Honors Plan.
Semester(s) Taught: Sp
ECON 4990
Senior Seminar – 1-3 credits
Introduces students to current research and special topics in economics.
Semester(s) Taught: F,Sp
ECON 5000
Macroeconomics – 3 credits
Analysis of underlying causes of unemployment, economic instability, inflation, and economic growth. Credit will not be given for both ECON 4020 and 5000.
Prerequisites: ECON 1500, MATH 1100, and STAT 2300
Semester(s) Taught: F
ECON 5010
Microeconomics – 3 credits
Analysis of behavior of consumers and business firms. Application of theory to the solution of real world problems. Credit will not be given for both ECON 4010 and 5010.
Prerequisites: ECON 2010, MATH 1100, and STAT 2300
Semester(s) Taught: Sp
ECON 5020 CI
Economics and Public Policy – 3 credits
A study of selected federal policies and their impacts on product and factor markets, with major focus on an economic analysis of public policy actions.
Prerequisites: ECON 4020 or 5000, ECON 4010 or 5010.
Semester(s) Taught: Sp
ECON 5030
Agricultural Marketing and Price Analysis – 3 credits
Agribusiness market strategies and price analysis. Designed for upper-division students.
Prerequisites: ECON 4010 or 5010
Semester(s) Taught: F
ECON 5050
Farm and Ranch Planning and Analysis – 3 credits
Economic principles and tools in operation of farm and ranch enterprises. Designed for upper-division students.
Prerequisites: ECON 4010 or 5010; and ECON 4030
Semester(s) Taught: Sp
ECON 5100
History of Economic Thought – 3 credits
Origin and development of economic theories of leading thinkers in western civilization.
Prerequisites: ECON 2010
Semester(s) Taught: Sp
ECON 5110 DSS
Economic History of the United States – 3 credits
Development of agriculture, industry, transportation, and finance from colonial times.
Prerequisites: ECON 2010
Semester(s) Taught: F
ECON 5120
Economics of Russia and Eastern Europe, 9th Century to 21st Century – 3 credits
Development of the economics of Russia and Eastern Europe from earliest times to the present, emphasizing the interaction between economic forces and policies of the state.
Prerequisites: ECON 2010
Semester(s) Taught: F
ECON 5150 DSS
Comparative Economic Systems – 3 credits
History, economic theories, and comparative policies of communist, socialist, and capitalistic economies. Problems facing transition economies.
Prerequisites: ECON 2010
Semester(s) Taught: Sp
ECON 5300
Industrial OrganizationGame Theory – 3 credits
Emphasizes market structure, firm conduct, and economic efficiency. Topics include competition, game theory, monopoly, oligopoly, monopolistic competition, firm strategies, and anti-trust policy in the United States.
Prerequisites: ECON 4020 or 5000, ECON 4010 or 5010
Semester(s) Taught: F
ECON 5310 QI
Mathematical Methods for Economics – 3 credits
Review of single-variable calculus (differentiation and integration); multivariate calculus (including the chain rule and implicit differentiation); optimization (unconstrained and constrained); linear algebra and applications (including linear programming). Economic applications.
Prerequisites: ECON 2010; MATH 1100 or its equivalent
Semester(s) Taught: F
ECON 5330 QI
Applied Econometrics – 3 credits
Introduction to basic statistics, simple linear regression, multiple regression, and simultaneous equation models for economics.
Prerequisites: STAT 2000 or 2300 or 3000
Semester(s) Taught: Sp
ECON 5350 CI
Agribusiness, Cooperatives, and Management – 3 credits
Applications of economic and management principles to farm marketing and supply firms. Includes independent work on a set of case studies designed to enhance understanding of current issues in agribusiness and provide practice in solving everyday management problems.
Prerequisites: ECON 3050, ECON 4010 or 5010, ECON 4020 or 5000
Semester(s) Taught: Sp
ECON 5400
International and Development Economics – 3 credits
Intermediate-level issues in international trade, international finance, and economic development. Topics include competitive and noncompetitive trade models, trade policy, balance of payments accounting, exchange rates, international lending and investment, economic growth, and poverty alleviation.
Prerequisites: ECON 4020 or 5000; ECON 4010 or 5010
Semester(s) Taught: F
ECON 5500
Public Finance – 3 credits
Government fiscal institutions-expenditure programs, budget procedures, tax systems, debt issues, levels of government, and the issues surrounding their operations.
Prerequisites: ECON 4020 or 5000, ECON 4010 or 5010
Semester(s) Taught: F
ECON 5560
Natural Resource and Environmental Economics – 3 credits
Economics of developing, managing, and conserving natural resources and the environment. Topics include resource use and conservation, environmental quality, public and private resource management, and valuation of nonmarket goods.
Prerequisites: ECON 1550 or 2010
Semester(s) Taught: Sp
ECON 5600
Financial Economics – 3 credits
Introduction to development of our present system of money, banking, and financial institutions. Analysis of central bank policy, capital markets, speculative markets, and portfolio theory
Prerequisites: ECON 4020 or 5000, ECON 4010 or 5010
Semester(s) Taught: Sp
ECON 5660
Training and Organizational Development – 3 credits
Theoretical basis for training and development in organizations. Practical experience in the design and development of training and other educational programs in an organizational setting.
Prerequisites: ECON 2010
Semester(s) Taught: Sp
ECON 5680
Labor Economics – 3 credits
Labor force development and behavior, occupational choice and mobility, human capital formation, labor market information and institutions, and manpower policies.
Prerequisites: ECON 2010
Semester(s) Taught: Sp
ECON 5850
Regional and Community Economic Development – 3 credits
Building on microeconomic theory, models for regional and urban structure and change are explored. Policy decision models are also developed.
Prerequisites: ECON 4020 or 5000, ECON 4010 or 5010
Semester(s) Taught: F
ECON 5950 CI
Senior Project – 3 credits
A current economic problem is identified and analyzed, bringing together other agricultural economics and economics course concepts and methods.
Semester(s) Taught: Sp
ECON 6000
Macroeconomic Theory – 1-3 credits
Lays a foundation of advanced macroeconomic analysis, integrating theory, data, and computational methods. Special attention given to real-world issues, with an emphasis on how economists use macro models and data to improve business and public policy decisions. Topics covered include neoclassical and endogenous growth theories, real business cycle and new Keynesian theories of economic fluctuations, monetary theory, macroeconomic policy, and open-economy macroeconomics.
Semester(s) Taught: F
ECON 6030
Agricultural Marketing – 3 credits
Covers a variety of topics relating to price analysis for agricultural commodities. Explores econometric and time series modeling and forecasting of agricultural prices. Includes a section on futures and options on futures contracts, focusing on fundamental and technical analysis.
Prerequisites: ECON 6330
Semester(s) Taught: F
ECON 6040
Agricultural Production/Policy – 3 credits
Includes analysis of marketing margins and a section on food demand and nutrition. Also explores food safety issues.
Prerequisites: ECON 6030
Semester(s) Taught: F
ECON 6050
Fundamentals of Economics – 3 credits
Introduction of economic principles for students entering a masters degree in the College of Business.
Prerequisites: Acceptance into a College of Business masters degree program
Semester(s) Taught: Su
ECON 6060
Research Methods – 2 credits
Provides introduction to application of scientific methods in economics, with an emphasis on proposal writing.
Semester(s) Taught: Sp
ECON 6100
Microeconomic Theory – 1-3 credits
Provides a rigorous introduction to graduate-level microeconomic theory. While the specific focus is on the theoretical construct of graduate-level microeconomic models, the broad objective of the class is to lay the foundation for empirical applications in microeconomics. To meet this broad objective, the course covers theory of the firm, consumer theory, market structure, theory of public goods and externalities, and welfare economics.
Semester(s) Taught: F
ECON 6250
Graduate Internship – 1-3 credits
Prerequisites: ECON 6000, 6100, 6330
Semester(s) Taught: F,Sp,Su
ECON 6300
Quantitative Analysis for Business and Policy Decisions – 3 credits
Provides an introduction to applied mathematical programming, operations research, simulation, risk analysis, adaptive management, and other decision theoretic tools used by government policy makers and managers of firms. (
Semester(s) Taught: Sp
ECON 6330
Applied Econometrics – 3 credits
Provides graduate-level introduction to applied regression tools, including: simple and multivariate regression analysis; linear, nonlinear, and qualitative dependent variable models; distributed lags; seemingly unrelated regression; and model specification and validation tests.
Prerequisites: Background in statistics and calculus
Semester(s) Taught: F
ECON 6500
Introduction to Natural Resource Economics – 3 credits
Introduction to the legal and regulatory foundations of natural resource policy, with specific attention to water, minerals, rangelands, forests, fish, and off-site impacts of agricultural and industrial production. Topics include externalities, property rights, public goods, public choice, and public trust.
Prerequisites: ECON 4010 or 5010 or 5560
Semester(s) Taught: Sp
ECON 6510
Introduction to Environmental Economics – 3 credits
Introduction to the foundations of environmental economics. Adaptation of market mechanisms to ameliorate pollution problems and provide amenity services. Methods for determining the value of nonmarketed goods and services. Topics include economic principles regarding social choice and market exchange, as well as current and historical issues involving pollution, environmental regulation, and the effects of environmental regulation on the profitability of private and public entities.
Prerequisites: ECON 4010 or 5010 or 5560 or 6500
Semester(s) Taught: F
ECON 6520
Practicum in Environmental and Natural Resource Economics – 3 credits
Introduction to the application of regional economic models, cost-benefit analysis, and the valuation of amenity and other nonpecuniary resource services for Regulatory Impact Reviews, Environmental Impact Statements, etc.
Prerequisites: ECON 5560 or 6500 or 6510
Semester(s) Taught: F
ECON 6700
Regional and Community Economic Development – 3 credits
Extension of microeconomic foundations of regional and urban economics to recent advances in economic growth and development, economic structure, land-use, public finance, housing, social welfare, environmental quality, and transportation.
Prerequisites: ECON 6100
Semester(s) Taught: Sp
ECON 6710
Community Planning and Impact Analysis – 3 credits
Focuses on tools used by local and regional economic development specialists as they relate to planning and impact assessment. Specific topics will include I/O models, IMPLAN models, and computable CGE modeling approaches as they are used in a planning environment.
Prerequisites: ECON 6700
Semester(s) Taught: F
ECON 6900
Readings and Conference – 1-3 credits
Directed readings. Credits from this course toward any economics graduate degree require approval of the students advisory committee, the department graduate committee, and the department head.
Prerequisites: ECON 5000 and 5010
Semester(s) Taught: F,Sp,Su
ECON 6910
Independent Research – 1-3 credits
Directed readings. Credits from this course toward any economics graduate degree require approval of the students advisory committee, the department graduate committee, and the department head.
Prerequisites: ECON 5000 and 5010
Semester(s) Taught: F,Sp,Su
ECON 6970
Thesis Research – 1-9 credits
Masters level research.
Semester(s) Taught: F,Sp,Su
ECON 6990
Continuing Graduate Advisement – 1-9 credits
Masters level advisement
Semester(s) Taught: F,Sp,Su
ECON 7060
Research Methods – 2 credits
Provides introduction to application of scientific methods in economics, with an emphasis on proposal writing.
Semester(s) Taught: Sp
ECON 7130
Microeconomic Theory – 1-3 credits
Provides a rigorous introduction to graduate-level microeconomic theory. While the specific focus is on the theoretical construct of graduate-level microeconomic models, the broad objective of the class is to lay the foundation for empirical applications in microeconomics. To meet this broad objective, the course covers theory of the firm, consumer theory, market structure, theory of public goods and externalities, and welfare economics.
Semester(s) Taught: F
ECON 7140
Microeconomic Theory II – 3 credits
Extends the theoretical foundations of microeconomics with an emphasis on model building in economics. Topics include static games of complete and incomplete information, dynamic games of complete and incomplete information, imperfectly competitive markets, risk and uncertainty, public goods, general equilibrium, and information economics.
Prerequisites: ECON 7130, 7360
Semester(s) Taught: Sp
ECON 7150
Microeconomic Theory III – 3 credits
Explores the uses of microeconomic theory in fields such as Game Theory, Industrial Organization, and Labor Economics. Study of topics such as multistage and repeated games, bargaining, principal-agent models of economic behavior, auctions and bidding, labor market discrimination, price discrimination and two-part tariffs, and the labor-leisure choice. Course is based on both classic and contemporary papers in each of these fields.
Prerequisites: ECON 7140
Semester(s) Taught: F
ECON 7230
Macroeconomic Theory – 1-3 credits
Lays a foundation of advanced macroeconomic analysis, integrating theory, data, and computational methods. Special attention given to real-world issues, with an emphasis on how economists use macro models and data to improve business and public policy decisions. Topics covered include neoclassical and endogenous growth theories, real business cycle and new Keynesian theories of economic fluctuations, monetary theory, macroeconomic policy, and open-economy macroeconomics.
Semester(s) Taught: F
ECON 7240
Macroeconomic Theory II – 3 credits
Extends the foundations of ECON 7230 with a more in-depth look at the theory and computational aspects of various models of economic growth and business cycles.
Prerequisites: ECON 7230, 7360
Semester(s) Taught: Sp
ECON 7250
Macroeconomic Theory III – 3 credits
Focuses on emerging topics in macroeconomics, relying heavily on skills acquired in ECON 7230 and 7240. Topics to be covered include, but are not limited to, endogenous growth, real and monetary business cycle, capital theory, fiscal and monetary policy, and economic transition.
Prerequisites: ECON 7240
Semester(s) Taught: F
ECON 7310
Econometrics I – 3 credits
Begins with a review of probability and statistics. Remainder of course is spent discussing the Classical linear regression model, least squares and maximum likelihood estimation, finite and asymptotic sample properties, inference, prediction, and nonlinear optimization.
Prerequisites: ECON 7360
Semester(s) Taught: Sp
ECON 7320
Econometrics II – 3 credits
Extension of ECON 7310, covering topics such as nonspherical disturbances, panel data, simultaneous equations, time series and distributed lag models, and limited and qualitative dependent variable models.
Prerequisites: ECON 7310
Semester(s) Taught: F
ECON 7330
Econometrics III – 3 credits
Provides in-depth coverage of current topics/techniques in applied econometric time series analysis, with an emphasis on econometric model development, estimation, and interpretation. Topics include difference equations, lag operators, stationary ARMA processes, modeling economic time series including trends and volatility, testing for trends and unit roots, vector autoregressions, the Kalman filter including the state space representation of a dynamic system, cointegration, and error-correction models.
Prerequisites: ECON 7320
Semester(s) Taught: Sp
ECON 7350
Mathematical Economics I – 3 credits
Includes linear equations, matrix algebra, multivariate calculus, static optimization, comparative static analysis, constrained optimization, and Kuhn-Tucker conditions.
Semester(s) Taught: F
ECON 7360
Mathematical Economics II – 3 credits
Extends the presentation of ECON 7350 by covering applications of constrained optimization, the envelope theorem and applications, differential equations, dynamic economics, and optimal control.
Prerequisites: ECON 7350
Semester(s) Taught: F
ECON 7400
International Trade Theory and Policy I – 3 credits
Focuses on recent developments in the theory of trade and trade policy, including: (1) the incorporation of imperfect competition into the theory of international trade, (2) international factor movements, (3) the empirical investigation of trade flows, and (4) strategic trade policies
Prerequisites: ECON 7140, 7240
Semester(s) Taught: Sp
ECON 7410
International Trade Theory and Policy II – 3 credits
Focuses on the international monetary system and currency markets, with an emphasis on balance of payment adjustment and exchange rate determination. Different exchange rate regimes are introduced, and issues regarding exchange rate overshooting and currency substitution are addressed. Topics covered also include the international banking system, international investment decisions on funding and capital structure, foreign exchange risk hedging and management, and foreign exchange instruments and techniques.
Prerequisites: ECON 7130, 7230, 7360
Semester(s) Taught: F
ECON 7500
Resource Economics – 3 credits
Focuses on formal economic models associated with optimal exploitation of renewable and nonrenewable resources. Applications to minerals, groundwater, energy resources, soil, forests, fisheries, rangelands, watersheds, wildlife, etc.
Prerequisites: ECON 7140, 7240
Semester(s) Taught: F
ECON 7510
Environmental Economics – 3 credits
Focuses on formal economic models associated with optimal exploitation of renewable and nonrenewable resources. Applications to minerals, groundwater, energy resources, soil, forests, fisheries, rangelands, watersheds, wildlife, etc.
Prerequisites: ECON 7500
Semester(s) Taught: Sp
ECON 7800
Development Economics – 3 credits
Focuses on a broad introduction to formalized economic models associated with developing regions/countries and theories of growth. Examines the interconnection between development and economic inequality, poverty and undernutrition, population growth, rural-urban migration, and agricultural development theories.
Prerequisites: ECON 7140, 7240
Semester(s) Taught: Sp
ECON 7950
Department of Economics Graduate Seminar – 1 credits
Exposes students to new developments in research and management in the field of economics. Features participation by students, faculty, and guest lecturers.
Semester(s) Taught: F,Sp
ECON 7970
Dissertation Research – 1-9 credits
PhD dissertation research.
Semester(s) Taught: F,Sp,Su
ECON 7990
Continuing Graduate Advisement – 1-9 credits
PhD-level advisement.
Semester(s) Taught: F,Sp,Su
USU 1300
U.S. Institutions – 3 credits
International 4010
Managerial Economics – 3 credits