Western Illinois University: Macomb Campus
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Economics and Decision Sciences
300 Level Courses
310 Economics and Law. (Cr.3)
An introduction into the economic analysis of the basic areas of law including property, contracts, torts, criminal law, and civil law. The purpose of the course is to examine legal rules using economic concepts and methods. Prerequisite: one of the following courses—ECON 100, 231, 232; or permission of instructor.
325 Money, Banking and Credit. (Cr.3)
An introduction to the monetary aspects of society, with stress on the role of commercial banks and the Federal Reserve System in our economy. Prerequisite: ECON 231.
328 American Economic History. (Cr.3)
A study of the development of various economic institutions in the United States with special emphasis on the changing structure and performance of the economy from the colonial period to the present.
330 Intermediate Microeconomic Theory. (Cr.3)
Theory of producer and consumer choice; theory of prices and output determination under varying degrees of competition; theory of factor pricing and income distribution. Prerequisite: ECON 232.
331 Intermediate Macroeconomics. (Cr.3)
An analysis of the determinants of inflation rates, unemployment, interest rates, and international trade. Theories of cycles of recession and recovery and policies to achieve the society’s goals are examined with particular emphasis on stabilizing the economy. Prerequisite: ECON 231.
332 Managerial Economics. (Cr.3)
Economic theory and analysis designed for business administration students. Economics majors interested in careers in business are encouraged to take this course. Prerequisites: ECON 231 and 232.
350 Economics of Poverty and Discrimination. (Cr.3)
(General Education/Multicultural Studies) Application of economic tools and concepts to the nature and causes of poverty with an emphasis on discrimination. Analyzes both economic characteristics of the poor and the public policies intended to alleviate poverty and discrimination. Prerequisite: ECON 100 or 231.
387 Econometrics I. (Cr.3)
A practical introduction to correlation and regression analysis as applied to empirical verification of hypotheses derived from economic theory. The major emphasis is on single equation estimation and testing. Prerequisite: MATH 137, DS 203 or STAT 171, or equivalent.