2004-2005 UAF Catalog  

Degrees and Program Index


Economics

Admittance to 300- and 400-level School of Management courses will be granted only to students with upper-division standing. Others will be admitted only with the written permission of the appropriate department head. Students enrolling in School of Management courses are expected to have completed the necessary prerequisites for each course. A $25.00 per semester student computing facility user fee will be assessed for any student enrolling in one or more School of Management courses except ECON 100X (AIS, ACCT, BA and ECON). This fee is in addition to any lab/material fees.

ECON 100X 3 Credits
Political Economy (s)
(Cross-listed with PS 100X)
Survey of the evolution and operation of the American domestic political economy with consideration of market failures and government responses. Review of major issues in political economy such as inflation, poverty and budget deficits. Exploration of linkages between American and global systems. Also available via Independent Learning. (3 + 0) Offered Fall, Spring


ECON 111 3 Credits
Economics of Rural Alaska
Basic economic concepts as they relate to issues and problems of contemporary regional development in rural Alaska. Socioeconomic consequences of the introduction of new technologies, modern economic intra-structures and corporate relationships to traditional, small scale communities. (3 + 0) Offered As Demand Warrants


ECON 200 4 Credits
Principles of Economics (s)
Goals, incentives and outcomes of economic behavior with applications and illustrations from current issues: operation of markets for goods, services and factors of production; the behavior of firms and industries in different types of competition; and income distribution. The functioning and current problems of the aggregate economy, determination and analysis of aspects of international exchange. (Prerequisite: Sophomore standing or permission of instructor.) (4 + 0 + 1) Offered Fall, Spring


ECON 201 3 Credits
Principles of Economics I: Microeconomics (s)
Price and market theory, income distribution, contemporary problems of labor, agriculture, market structure and pollution. (3 + 0) Offered Fall, Spring


ECON 202 3 Credits
Principles of Economics II: Macroeconomics (s)
Analysis and theory of national income, money and banking and stabilization policy. (3 + 0) Offered Fall, Spring


ECON 227 3 Credits
Intermediate Statistics for Economics and Business
Extension of topics developed in STAT 200. Development of statistical techniques and their application to economic and business problems. Simple and multiple regression and correlation, analysis of variance, forecasting techniques, quality control, nonparametric methods and decision theory. (Prerequisite: AIS 101 or equivalent; STAT 200; or permission of instructor.) (3 + 0) Offered Fall, Spring


ECON 235 3 Credits
Introduction to Natural Resource Economics (s)
Microeconomic principles and their application to natural resource issues. Topics include supply, demand, marginality, optimality, elementary production economics, economic rent and comparative advantage. These principles applied to agency budget allocation decisions, multiple use, resource valuation, conservation, market failure and public outdoor recreation problems. (3 + 0) Offered Fall


ECON 237 3 Credits
The Alaskan Economy (s)
Economic problems in Alaska with analysis of historical trends and current patterns of economic growth; emphasis on present and future alternative economic policies and their potential impacts. Also available via Independent Learning. (3 + 0) Offered Spring


ECON 321 3 Credits
Intermediate Microeconomics (s)
Analysis of demand and supply under various market forms, cost and theory of production, factor pricing and theory of distribution, and survey of welfare economics. (Prerequisites: ECON 200 and MATH 262X or equivalent, upper division standing.) (3 + 0) Offered Fall


ECON 322 3 Credits
Managerial Economics
Interpretation of economic data and applications of economic theory in business firms. Bridging the gap between theory and practice through empirical studies, cases and decision problems. Emphasis upon decision-making using analysis of research data. (Prerequisites: ECON 200 and MATH 262X or equivalent, upper division standing.) (3 + 0) Offered Spring


ECON 324 3 Credits
Intermediate Macroeconomics (s)
Concepts and measurement of income, analysis of aggregate demand and supply and their relation to the level of prices, employment and economic growth. (Prerequisites: ECON 200 and upper division standing.) (3 + 0) Offered Spring


ECON 335O 3 Credits
Intermediate Natural Resource Economics (s)
Extension of concepts developed in ECON 235, using a higher level of economic analysis. Topics include welfare economics and economic efficiency concepts, benefit/cost analysis, resource allocation overtime, resource taxation, common property problems, externalities, public goods, valuation of non-market resources and land use planning issues. (Prerequisite: ECON 200 or 235; COMM 131X or 141X; MATH 262X or equivalent; and upper division standing.) (3 + 0) Offered Spring


ECON 350 3 Credits
Money and Banking (s)
The liquid wealth system in the United States, including the commercial banking system, the Federal Reserve System and nonbank financial institutions; the regulation of money and credit and its impact on macroeconomic policy objectives. (Prerequisite: ECON 200 and upper division standing.) (3 + 0) Offered Fall


ECON 351 3 Credits
Public Finance (s)
Economic justifications for government; federal, state and local government, taxation, spending and debt; their effects on allocation, distribution, stabilization and growth. (Prerequisite: ECON 200 and upper division standing. Next offered: 2005-06.) (3 + 0) Offered Alternate Fall


ECON 409W 3 Credits
Industrial Organization and Public Policy (s)
The relationship of market structure to the economic conduct and performance of firms and industries, the determinants, measurement and classification of market structure, public policy toward mergers, industrial concentration and aggregate concentration. (Prerequisites: ECON 200; ENGL 111X; ENGL 211X or ENGL 213X or permission of instructor; MATH 262X or equivalent; and upper division standing. Next offered: 2005-06.) (3 + 0) Offered Alternate Fall


ECON 420W 3 Credits
Labor Markets and Public Policy (s)
Application of labor market analysis and wage theory as they relate to public policy issues. Topics include determination of wages, taxation and employment, economic impact of unions, economics of discrimination and issues relating to women’s and minorities’ changing roles in the labor market. (Prerequisite: ECON 200; ENGL 111X; ENGL 211X or ENGL 213X or permission of instructor; and upper division standing. Next offered: 2005-06.) (3 + 0) Offered Alternate Fall


ECON 434W 3 Credits
Environmental Economics
An extension of concepts introduced in ECON 235, using a higher level of economic analysis. An analysis of the economic forces involved in environmental degradation, preservation and regulation. Topics include pollution, biodiversity, wilderness and climatic change. (Prerequisite: ECON 200 or 235; ENGL 111X; ENGL 211X or ENGL 213X or permission of instructor; MATH 262X or equivalent; and upper division standing. Next offered: 2004-05.) (3 + 0) Offered Alternate Spring


ECON 435W 3 Credits
Forest Resource Economics (s)
Forest resource economics. Analysis of the benefits and costs from forest activities. Considers multiple use and sustained yield goals of the U.S. Forest Service. Topics include present value of timber and non-timber outputs, forest taxation, forest valuation and regional economic impacts. (Prerequisite: ECON 200 or 235; ENGL 111X; ENGL 211X or ENGL 213X; MATH 262X or equivalent; or permission of instructor.) (3 + 0) Offered As Demand Warrants


ECON 437W 3 Credits
Regional Economic Development
Determinants and effects of the spatial distribution of economic activity. Impact of public policy on regional development within the Alaska context. (Prerequisite: ECON 200; ENGL 111X; ENGL 211X or ENGL 213X or permission of instructor; MATH 262X or equivalent; and upper division standing. Next offered: 2004-05.) (3 + 0) Offered Alternate Fall


ECON 439W 3 Credits
Energy Economics (s)
(Stacked with ECON 639)
Market forces and institutions affecting the allocation of energy resources. Special attention to intertemporal allocative decisions and the role that public policy plays in influencing the rate at which energy resources are used over time. (Prerequisite: ECON 200 or ECON 235; ENGL 111X; ENGL 211X or ENGL 213X or permission of instructor; and upper division standing. Next offered: 2004-05.) (3 + 0) Offered Alternate Spring


ECON 451W 3 Credits
Public Expenditure Analysis
Purposes and economic effects of governmental expenditures, budgeting techniques and their effects on resource allocation. (Prerequisite: ECON 200; ENGL 111X; ENGL 211X or ENGL 213X or permission of instructor; MATH 262X or equivalent; and upper division standing. Next offered: 2004-05.) (3 + 0) Offered Alternate Spring


ECON 463W 3 Credits
International Economics (s)
Pure theory of international trade: comparative cost, terms of trade and factor movements. International disequilibrium: balance of payments and its impact on national economy, capital movement, economic development through international trade. (Prerequisite: ECON 200; ENGL 111X; ENGL 211X or ENGL 213X or permission of instructor; MATH 262X or equivalent; and upper division standing.) (3 + 0) Offered Fall


ECON 601 3 Credits
Microeconomic Theory I
Analysis of consumer and producer theory, price determination and welfare economics. (Prerequisites: ECON 321 or equivalent; MATH 200X or equivalent.) (3 + 0) Offered Fall


ECON 603 3 Credits
Macroeconomic Theory I
Analysis of the underlying causes of unemployment, economic instability, inflation and economic growth. (Prerequisites: ECON 321 or equivalent; ECON 324 or equivalent; MATH 200X or equivalent.) (3 + 0) Offered Spring


ECON 621 3 Credits
Fundamentals of Economics
Analysis of demand and supply under various market forms, cost and theory of production, factor pricing and theory of distribution and survey of welfare economics. (Prerequisites: ECON 200 or equivalent; MATH 262X or equivalent; and graduate standing.) (3 + 0) Offered Fall


ECON 623 3 Credits
Mathematical Economics
Mathematical techniques including matrix algebra, differential and integral calculus. Particular attention is given to static and comparative statics analysis and dynamic models. (Prerequisites: MATH 200X or equivalent.) (3 + 0) Offered Fall


ECON 626 3 Credits
Econometrics
Introduction to econometric theory. Single equation and multiple equation system estimation, including inference and hypothesis testing and results of assumption violation. (Prerequisites: MATH 200X or equivalent; STAT. 401, ECON 227 or equivalent.) (3 + 0) Offered Spring


ECON 635 3 Credits
Resource Economics I
The theory, methods of analysis and current literature of natural resource economics and policy. Topics include externalities, property rights, public goods, benefit-cost analysis, amenity values and other non-market resource services and environmental policy. (Prerequisites: ECON 321, ECON 335, or equivalent; MATH 200X or equivalent.) (3 + 0) Offered Fall


ECON 636 3 Credits
Resource Economics II
This course explores issues relating to the intertemporal allocations of resources. Mathematical techniques such as calculus of variations, optimal control theory and dynamic programming are introduced and applied to the analysis of resource use over time, management of common property resources, capital investment problems and market dynamics. (Prerequisite: ECON 635.) (3 + 0) Offered Spring


ECON 637 3 Credits
Natural Resource Policy
(Cross-listed with NRM 637)
Resource policy issues development and implementation including forestry, mining, fisheries, oil, wildlife and other topics as demand warrants. Focus on policy issues involved in management of Alaska’s resources. (Prerequisite: Graduate standing or permission of instructor. Next offered: 2004-05.) (3 + 0) Offered Alternate Fall


ECON 639 3 Credits
Energy Economics
(Stacked with ECON 439W)
Market forces and institutions affecting the allocation of energy resources. Special attention to intertemporal allocative decisions and the role that public policy plays in influencing the rate at which energy resources are used over time. (Prerequisite: ECON 200 or ECON 235; Next offered: 2004-05.) (3 + 0) Offered Alternate Spring


ECON 670 1 Credit
Seminar in Research Methodology
Philosophy of research and importance of the scientific method to solution of research problems. (Prerequisite: Graduate standing.) (1 + 0) Offered Spring


ECON 675 3 Credits
Practical Quantitative Methods for Business Decision Making
(Cross-listed with BA 675)
The objective of this course is to provide the student with an in-depth treatment of quantitative research methods in an applied context. Hence the focus of the course is not the mathematical derivations and properties of statistical techniques, but rather the usefulness of those techniques to the managerial decision making process. Research skills are presented as a set of tools that enable managers to make better decisions. (Prerequisites: Graduate standing and foundation courses.) (3 + 0) Offered Fall


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