Economics - ECON

ECON F100X Political Economy (s)

3 Credits


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 eLearning and Distance Education. Prerequisites: Placement in ENGL F111X or higher or permission of instructor. Cross-listed with PS F100X. (3+0)

ECON F111 Economics of Rural Alaska (a)

3 Credits
Offered As Demand Warrants

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)

ECON F201 Principles of Economics I: Microeconomics (s)

3 Credits


Price and market theory, income distribution, public policy, labor markets, market structure, and externalities. (3+0)

ECON F202 Principles of Economics II: Macroeconomics (s)

3 Credits


Analysis and theory of national income, money and banking, stabilization policy, and international trade and finance. (3+0)

ECON F227 Intermediate Statistics for Economics and Business

3 Credits


Extension of topics developed in STAT F200X. 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. Prerequisites: AIS F101 or equivalent; STAT F200X; or permission of instructor. (3+0)

ECON F235 Introduction to Natural Resource Economics (s)(a)

3 Credits
Offered Fall

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)

ECON F237 The Alaskan Economy (s)(a)

3 Credits
Offered Spring

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 eLearning and Distance Education. (3+0)

ECON F321 Intermediate Microeconomics (s)

3 Credits


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 F201 and ECON F202; MATH F262X or equivalent. (3+0)

ECON F322 Managerial Economics

3 Credits
Offered Fall or Spring

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 F201 and ECON F202; MATH F262X or equivalent. (3+0)

ECON F324 Intermediate Macroeconomics (s)

3 Credits
Offered Fall or Spring

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 F201 and ECON F202; MATH F262X or equivalent (3+0)

ECON F335 O Intermediate Natural Resource Economics (s)(a)

3 Credits
Offered Fall or Spring

Extension of concepts developed in ECON F235, using a higher level of economic analysis. Topics include welfare economics and economic efficiency concepts, benefit/cost analysis, resource allocation over time, resource taxation, common property problems, externalities, public goods, valuation of non-market resources, and land use planning issues. Prerequisites: COMM F131X or COMM F141X; ECON F201 and ECON F202, or ECON F235; MATH F262X or equivalent. (3+0)

ECON F350 Money and Banking (s)

3 Credits
Offered Fall or Spring

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. Also available via eLearning and Distance Education. Prerequisites: ECON F201 and ECON F202. (3+0)

ECON F351 Public Finance (s)

3 Credits
Offered Fall

Economic justifications for government; federal, state and local government, taxation, spending and debt; their effects on allocation, distribution, stabilization and growth. Prerequisites: ECON F201; ECON F202; MATH F262X or equivalent. (3+0)

ECON F409 W Industrial Organization and Public Policy (s)

3 Credits


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 and aggregate concentration. Prerequisites: ECON F201 and ECON F202; ENGL F111X; ENGL F211X or F213X (or permission of instructor); MATH F262X or equivalent; upper division standing. (3+0)

ECON F420 W Labor Markets and Public Policy (s)

3 Credits
Offered Spring Odd-numbered Years

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. Prerequisites: ECON F201; ECON F202; ENGL F111X; ENGL F211X or ENGL F213X; or permission of instructor. (3+0)

ECON F434 W Environmental Economics (a)

3 Credits
Offered Spring Odd-numbered Years

An extension of concepts introduced in ECON F235, 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. Prerequisites: ECON F201 and ECON F202, or ECON F235; ENGL F111X; ENGL F211X or ENGL F213X or permission of instructor; MATH F262X or equivalent. (3+0)

ECON F439 W Energy Economics (s)(a)

3 Credits
Offered Fall Odd-numbered Years

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. Prerequisites: ECON F201 and ECON F202, or ECON F235; ENGL F111X; ENGL F211X or ENGL F213X; or permission of instructor. Stacked with ECON F639. (3+0)

ECON F451 W Public Expenditure Analysis

3 Credits
Offered Spring Odd-numbered Years

Purposes and economic effects of governmental expenditures, budgeting techniques, and their effects on resource allocation. Prerequisites: ECON F201 and ECON F202; ENGL F111X; ENGL F211X or ENGL F213X or permission of instructor; MATH F262X or equivalent. (3+0)

ECON F463 W International Economics (s)(a)

3 Credits
Offered Fall or Spring

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 and economic development through international trade. Prerequisites: ECON F201 and ECON F202; ENGL F111X; ENGL F211X or F213X or permission of instructor; MATH F262X or equivalent. (3+0)

ECON F601 Microeconomic Theory I

3 Credits
Offered Fall

Analysis of consumer and producer theory, price determination and welfare economics. Prerequisites: ECON F321 or equivalent; MATH F200X or equivalent; graduate standing; or permission of instructor. (3+0)

ECON F602 Economic Modeling

3 Credits
Offered Fall

A hands on approach to applied microeconomics and resource modeling. Students extend their training in economic theory and econometrics to model real life problems in the areas of renewable and exhaustible resources, non-market valuation and environmental economics. Special emphasis will be given to the use of econometric analyses. Prerequisites: ECON F601; ECON F626 or equivalent; graduate standing; or permission of instructor. (3+0)

ECON F603 Macroeconomic Theory I

3 Credits
Offered Spring

Analysis of the underlying causes of unemployment, economic instability, inflation and economic growth. Prerequisites: ECON F321 or equivalent; ECON F324 or equivalent; MATH F200X or equivalent; graduate standing; or permission of instructor. (3+0)

ECON F613 Resilience Internship

2 Credits
Offered Fall

Students of the Resilience and Adaptation Program participate in internships to broaden their interdisciplinary training, develop new research tools and build expertise outside their home disciplines. Internships are eight to ten weeks of full time commitment and take place during the student's first summer in the program. In the autumn students meet to discuss their internship experiences and make public presentations. Prerequisites: ANTH/BIOL/ECON/NRM F667; ANTH/BIOL/ECON/NRM F668; or permission of instructor. Cross-listed with ANTH F617; BIOL F613; NRM F613. (2+0)

ECON F616 Economics Background for Resilience and Adaptation (a)

1 Credits
Offered Fall

Provides the economics background that is necessary for understanding the role of economics in complex systems involving interactions among biological, economic, and social processes. Designed for incoming students of the Resilience and Adaptation Program (RAP), who have not received training in ecology. Prerequisites: Graduate student enrollment or permission of instructor. (1+0)

ECON F623 Mathematical Economics

3 Credits
Offered Fall

Mathematical techniques including matrix algebra, differential and integral calculus. Particular attention is given to static and comparative statics analysis and dynamic models. Prerequisites: MATH F200X or equivalent; graduate standing; or permission of instructor. (3+0)

ECON F626 Econometrics

3 Credits
Offered Spring

Introduction to econometric theory. Single equation and multiple equation system estimation, including inference and hypothesis testing and results of assumption violation. Prerequisites: ECON F227 or equivalent; MATH F200X or equivalent; STAT F401; graduate standing; or permission of instructor. (3+0)

ECON F627 Advanced Econometrics

3 Credits
Offered Fall

Advanced Econometrics is the second graduate econometrics course in the Ph.D. in Resource Economic program. This course builds upon the theoretical and empirical tools developed in ECON F626. Large sample theory and the Maximum Likelihood estimation theory are covered. Limited dependent variable models widely used in applied microeconometric modeling are developed and extended. Univariate and multivariate time series modeling and forecasting is developed. Prerequisites: ECON F626 or equivalent; graduate standing; or permission of instructor. (3+0)

ECON F635 Renewable Resource Economics (a)

3 Credits
Offered Fall

The theory, methods of analysis and current literature of natural resource economics and policy for fisheries, forests and wildlife. Topics include externalities, property rights, public goods, benefit-cost analysis, amenity values and other non-market resource services, and environmental policy. Prerequisites: ECON F321; ECON F335 or equivalent; MATH F200X or equivalent; graduate standing; or permission of instructor. (3+0)

ECON F636 Non-Renewable Resource Economics (a)

3 Credits
Offered Spring

Exploration of issues relating to the mineral and energy markets. The analysis of energy and mineral use over time, capital investment problems and world market dynamics are explored. Topics include futures markets, present value, energy value and entropy. Prerequisites: ECON F321; ECON F335 or equivalent; MATH F200X or equivalent; graduate standing; or permission of instructor. (3+0)

ECON F637 Evolution of Conservation Concepts and Policy

3 Credits
Offered Spring

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. Prerequisites: Graduate standing or permission of instructor. Cross-listed with NRM F637. (3+0)

ECON F639 Energy Economics (a)

3 Credits
Offered Fall Odd-numbered Years

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. Prerequisites: ECON F201 and ECON F202, or ECON F235; graduate standing; or permission of instructor. Stacked with ECON F439. (3+0)

ECON F647 Global to Local Sustainability (a)

3 Credits
Offered Fall

Explores the basic principles that govern resilience and change of ecological and social systems. Principles are applied across a range of scales from local communities to the globe. Working within and across each of these scales, students address the processes that influence ecological, cultural and economic sustainability, with an emphasis on northern examples. Prerequisites: Graduate standing in a natural science, social science, humanities or interdisciplinary program at UAF; permission of instructor. Cross-listed with ANTH F647; BIOL F647; NRM F647. (3+0)

ECON F649 Integrated Assessment and Adaptive Management (a)

3 Credits
Offered Spring

Interdisciplinary exploration of theoretical and practical considerations of integrated assessment and adaptive management. Students survey concepts important in understanding societal and professional-level decision-making. Students work as individuals and as a team to undertake case studies with relevance to integrated assessment and adaptive management. Collectively, the class builds a portfolio of cases and conducts an integrated assessment. Note: In case of enrollment limit, priority will be given to graduate students in the Resilience and Adaptation Program in order for them to be able to meet their core requirement. Prerequisites: Graduate student standing in a natural science, social science, humanities or interdisciplinary program at UAF or another university, or permission of instructor. The course is designed to fit into the sequence of the Resilience and Adaptation program's core courses. It is open to other graduate students interested in and prepared to conduct interdisciplinary studies relating to sustainability. Recommended: ANTH/BIOL/ECON/NRM F647; ANTH/BIOL/ECON/NRM F648 and ANTH/BIOL/ECON/NRM F667 previously or concurrently. Cross-listed with ANTH F649; BIOL F649; NRM F649. (3+0)

ECON F667 Resilience Seminar I (a)

1 Credits
Offered Fall

Provides a forum for new students of the Resilience and Adaptation graduate program to explore issues of interdisciplinary research that are relevant to sustainability. A considerable portion of the seminar is student-directed, with students assuming leadership in planning seminar activities with the instructor. Prerequisites: Enrollment in Resilience and Adaptation graduate program or have permission of instructor. Recommended: ANTH/BIOL/ECON/NRM F647 taken concurrently. Cross-listed with ANTH F667; BIOL F667; NRM F667. (2+0)

ECON F668 Resilience Seminar II (a)

1 Credits
Offered Spring

Provides a forum for new students of the Resilience and Adaptation graduate program to explore issues of interdisciplinary research that are relevant to sustainability. The seminar provides support to each student planning his/her summer internship and preparing and presenting a thesis research prospectus. Prerequisites: ANTH/BIOL/ECON/NRM F647; ANTH/BIOL/ECON/NRM F667; or permission of instructor. Cross-listed with ANTH F668; BIOL F668; NRM F668. (2+0)

ECON F670 Seminar in Research Methodology

1 Credits
Offered Spring

Philosophy of research and importance of the scientific method to solution of research problems. Prerequisites: Graduate standing. (1+0)