University of Missouri - Kansas City : Economics (ECON)

Everything you need to know about how the economy works and where it's going. This course simplifies and clarifies the vocabularies and concepts used to describe all the important economic phenomenon in our society today: unemployment, trade deficits, government budget deficits or surpluses, inflation, investments, and customer debt. It describes where we've been (economically) and assess the future of the economic system we call capitalism.

3 hrs

ECON 101 Essentials Of American Capitalism

This course represents an overview of the principles of economics and their relation to current economic events. It is designed to meet state requirements for elementary education certification as well as to provide a general introduction to economics for non-business, non-engineering, and non-economics majors. Both macroeconomic and microeconomic issues will be covered. Every semester.

3 hrs

ECON 150 Introduction To Labor Studies

This interdisciplinary course offered by The Institute for Labor Studies, covers the role of workers and the labor movement in society and the American political and economic system. Students will gain an overview, from a labor viewpoint, of the organization of work and workers, collective bargaining and representation, and labor's rights, roles, and strategies in a democracy and in the global economy. A particular focus will be the image of the working class and organized labor in the media and among public perception. Prerequisite: None Offered: Yearly

3 hrs

ECON 201 Introduction To Economics I

Economics I deals primarily with macroeconomic or national economic concepts, the economics of the determination of recession, inflation, maintenance of full employment and economic growth, with an emphasis upon the economics of modern Keynesian analyses. It further introduces the economics of Marx and Ayres and discusses relevant and current economic issues. ECON 201 and 202 are prerequisites for all other economics courses except with specific permission of the instructor. Every semester.

3 hrs

ECON 202 Introduction To Economics II

Economics II deals primarily with microeconomics, firm analysis, the principles of demand, supply, elasticity, price determination, costs, income distribution, market structures, trade, and other related social, economic issues. ECON 201, ECON 202 are prerequisites for all other economics courses except with specific permission of the instructor. Every semester.

3 hrs

ECON 300 CM Cluster Course: Mexico, Central America And The Human Condition

Faculty from at least two different departments (one of which must be a department in the Division of Humanities, including History) may determine the topic and syllabus, subject to the approval of the director of Integrated Studies and the program's advisory committee in addition to the approval of the departments involved. This special topics course will satisfy the interdisciplinary course requirement for the B.A.

3 hrs

ECON 300 CS Cluster Course

3 hrs

ECON 301 Macroeconomic Analysis

The economic system as a whole and the ways in which its functioning is affected by the behavior of the interdependent sectors of which it is composed. Major factors affecting national income; use of sectoral accounts in analyzing economic prospects. Offered: Every Semester Prerequisite: ECON 201 and ECON 202

3 hrs

ECON 302 Microeconomic Analysis

Functioning of the individual enterprise and households. Problems confronting business enterprises operating under different types of market situations; influence of the prices factors of production on methods of production; effects that changes in income levels and in relative prices have on sales of different types of goods and services. Every semester. Prerequisite: ECON 201 and ECON 202 Offered: Every Semester

3 hrs

ECON 303 H Special Issues In Economic

Readings and discussions of selected economic topics. Content varies over time as economic conditions change. Designed for outstanding students in Principles of Economics. Prerequisites: ECON 202 and/or ECON 202. Semester offered: Fall

3 hrs

ECON 308 Challenges Facing The Us Economy

This course provides an introduction to challenges facing the US economy, such as growing inequality and poverty in the midst of plenty, persistent unemployment in the central cities, the threat of recession or inflation, the problems and opportunities created by an aging society, implementation of welfare-to-work plans, and other topics of interest to students. Semester offered: On request

3 hrs

ECON 310 The United Nations: Politics And Economics

This interdisciplinary course covers many facets of the United Nations, acquainting students with its structure, its operations and its involvement in international events, past and present. It merges politics, economic issues and the history of the UN in an effort to understand more fully the UN's role in the international diplomacy. Students in this course will have an opportunity to participate in various Model UN conferences during the year. Prerequisites: None Offered: Fall Semester Restrictions: None

3 hrs

ECON 311 Economics for Nonprofit Managers

This course introduces microeconomics to aspiring nonprofit managers. After reviewing the nonprofit organization's role in the U.S. economy, students will learn a variety of tools they can use to weigh alternatives, examine risk, and make organizational decisions. With these tools and a solid introduction to microeconomics, students will be prepared to analyze economic events, predict outcomes, and make sound decisions. Offered: Spring

3 hrs

ECON 312 Theory Of Economic Development

Controversial problems affecting the nature, sources and process of development of industrial technology and the economy of private enterprise. On demand.

3 hrs

ECON 314 Race, Class And Gender: Theory, History, And Policy

Analyzes the ways in which race and gender discrimination result in differences in opportunities and outcomes in society. Begins with a historical overview of the origins of modern racism and patriarchy, and their relation to the rise and development of capitalism. Discursive and nondiscursive factors are investigated. Alternative theoretical approaches to understanding the intersections of race, class, and gender are evaluated. Policy debates on issues related to affirmative action, education, welfare, employment, and others are considered. Prerequisite: None Offered: On Demand

3 hrs

ECON 323 P Administration In The Service Industry

Students will examine the nature of service and the scope of administration within the service industry. Additionally, the course will examine the development of service and the service economy. This course may not be used by students to fulfill requirements for the major in Economics or a Concentration in Commercial Economics. Prerequisites: None. Offered: Every Semester.

4 hrs

ECON 336 The Kansas City Economy

This course explores the Kansas City economy in depth from both a micro and macro perspective. The macro approach details how important the Kansas City economy is to the state of Missouri, to the US economy, and in the international arena. The micro approach details the contribution of the many different sectors of the KC area to the overall local economy. Prerequisite(s): ECON 100, ECON 201 or ECON 202 Offered: Winter Restrictions: None

3 hrs

ECON 340 Collective Bargaining

This course involves a study of the economics and process of collective bargaining in the labor sphere, including contract negotiations, contract enforcement, and methods to resolve bargaining disputes. Both theoretical and applied issues in collective bargaining will be addressed. Students will participate in a contract bargaining simulation.

3 hrs

ECON 341 Union Leadership and Administration

This course focuses on the roles and challenges of union leadership in a changing environment. Topics include the union leaders' role as a representative, organizer and educator as well as administrative responsibilities within the union and the relationship with enterprise management in both adversarial and participatory situations. Options for leadership styles and organizational models will be discussed and explored in both theory and practice. Leaders will develop their skills of motivation, speaking, strategic planning and managing complex campaigns and diverse organizations. This course is part of the Certificate Program in Labor Studies and is offered on the University of Missouri Interactive Video Network at UMKC, UMSL, and UMC.

3 hrs

ECON 343 P Resource Acquisition And Distribution In The Hospitality Industry

This course will examine economic policy that is the basis for materials acquisition policies and practices within the hospitality industry. Additionally, students will study materials flow from source to final user. Special emphasis will be placed on policies and procedures that maximize resource usage. this course may not be used by students to fulfill requirements for the major in Economics or a Concentration in Commercial Economics. Prerequisites: None. Offered: Fall.

4 hrs

ECON 395 Current Economic Issues

Each of these one-hour courses will deal with one selected topic. Students enrolled should have some background in the social sciences. A maximum of three ECON 395 courses will apply towards the department's graduation requirements for a major.

1 hr

ECON 395 A Economic Issues

1 hr

ECON 395 B The Economics Of Law

1 hr

ECON 395 C The Economics Of Energy

1 hr

ECON 395 D Economic Issues

1 hr

ECON 395 The Economics Of Aging

1 hr

ECON 395 F The Economics Of Minorities

1 hr

ECON 395 G The Economics Of Poverty

1 hr

ECON 395 H The Economics Of The Arts

An analysis of the past and present policies regarding the financing of the Arts.

1 hr

ECON 395 I Views Of A Good Society

This course looks at different views of a good society from the perspective of Utopian economics. The materials dealt with in the course will be drawn from Utopian books, supplemented with material drawn from cartoons, art, literature, poetry, film, and music. Prerequisite: None Offered: On Demand

1 hr

ECON 397 A The Economics Of Public Process And Private Choice I

This film/tape course and ECON 397B are specifically designed in the format of the PACE program. Regular majors in economics may count one of these two courses as meeting he 27 minimum required departmental hours. The J.K. Galbraith film series and text, The Age of Uncertainty, provide the central theme for this course.

1 hr

ECON 397 B The Economics Of Public Process And Private Choice II

This film/tape course and ECON 397A are specifically designed in the format of the PACE program. Regular majors in economics may count one of these two courses as meeting the 27 minimum required departmental hours. The Milton Friedman film series, Free to Choose, provides the central theme for this course.

1 hr

ECON 402 Labor and the Global Political Economy

This course will examine current issues, trends, and developments which are shaping labor in today's global economy. Students will analyze the shifting balance of power between labor and capital, the role of government, and evaluate the strategic options for workers and unions operating in a global environment.

3 hrs

ECON 404 R American Economic History Since 1865

The course deals with the emergence of Industrial American since 1865. It covers the rise to dominance of the large modern corporation, the problem of economic and social instability and stability, the rise of trade associations, cartels, and government regulation in an unstable economy, and the evolution of American economic policy and national economic planning. Offered: On demand. Prerequisites: ECON 201 and ECON 202

3 hrs

ECON 404 RR American Labor History

This course examines history of work and the working class in the U.S. from 1750 to the present. We will focus on the transformation of the workplace, the rise of the union movement , the nature of cultural and political organizations, workers' relationships with other social groups, and the role played by gender, race, and ethnicity in uniting or dividing the working class. Also cross-listed with HISTORY 366RR. Prerequisite: ECON 201 and ECON 202

3 hrs

ECON 405 European Economic Systems

A general study of the economic systems of Germany, France, Sweden, the United Kingdom, Russia, and other countries: and the European Economic Union. The course will study the economic-business organization, economic and social policies, trade policies, and the on-going political, economic, and business changes within the area, and their relation to other areas of the world in terms of economics, business and trade. Prerequisite: Either ECON 100, ECON 101, ECON 201, or ECON 202. Offered: Fall

3 hrs

ECON 406 WI History Of Economic Thought

Analysis of basic concepts of economic thought, their historical sources and significance. Prerequisite: Successful completion of WEPT Test. Offered: Every semester.

3 hrs

ECON 408 The Twentieth Cntry: Crisis In Eco History/Changing Eco Analysis

The course will deal with selected major historical crisis in the Twentieth Century that changed Economic Theory and our lives, such as the post World War I period; the Depression of the 1930s; the international payments crisis and the development of Bretton Woods; the oil crisis of the 1970s; and the effect of the above upon changing economic analysis such as the Keynesian Revolution and its "counter revolution", and the economic and policy consequences. Prerequisites: ECON 201 and ECON 202; Senior or Graduate standing.

3 hrs

ECON 412 International Trade And Development

This course emphasizes the global allocation of resources and distribution of income in the analysis of economic development and international trade. Major topics include various theories of economic development, comparative advantage, terms of trade, tarriffs, quotas, economic integration and the use of trade to foster economic development. Prerequisite: ECON 100

3 hrs

ECON 414 Problems In Latin American Development

Analysis of those historical, geographic, political, social and economic factors which have served to impede the development of the Latin American countries and discussion of development planning as it applies to these problems.Prerequisite: ECON 412 or consent of the instructor. On request.

3 hrs

ECON 416 Law And Economics

This course will examine the use of economic principles in the analysis and application of public and private law. Emphasis will be given to the efficiencies of laws in meeting social objectives, how laws can be modified to become more economically efficient, and the uses of economics in the actual practice of the law. Issues covered will include proofs of liability in antitrust, contracts and employment law using statistical and economic analysis, and the calculation of economic damages in commercial, employment and personal injury/death litigation. Graduate students will be assigned a specific research paper. Prerequisite: ECON 302 Offered Every other winter.

3 hrs

ECON 420 Environment, Resources And Economic Growth

This course focuses on the theory and policy issues involved in resource reation and depletion; environmental destruction, preservation and receation; and the interrelation of these problems of and prospects for economic growth. Prerequisite: ECON 202 Offered: On request

3 hrs

ECON 421 Mathematical Economics

An introduction to mathematical methods as applied to the questions addressed by economists. The principal methods to be applied are matrix algebra and differential calculus in the context of optimization. Other topics may include integral calculus, differential equations, difference equations, or linear and non-linear programming. Prerequisites: ECON 301, ECON 302 and MATH 210

3 hrs

ECON 423 P Legal & Social Issues Of The Hospitality Industry

This course will investigate societal and economic issues that have influenced the development of significant industry legal issues. Additionally, students will examine laws pertinent to the hospitality industry and investigate the relationship of these legal issues to historical and current societal issues. This course may not be used by students to fulfill requirements for the major in Economics or a Concentration in Commercial Economics. Prerequisites: None. Offered: Winter.

4 hrs

ECON 425 Intermediate Economic Statistics

An introduction to the empirical side of economics. Estimation theory and the properties of commonly used estimators are covered. Some of the more important topics dealt with are: multiple regression, heteroscedasticity and autocorrelation in regression analysis, analysis of variance and the use of qualitative variables in regression analysis. Hands-on work with computer software designed for econometrics is stressed. No experience with computers necessary. Prerequisites: ECON 301, ECON 302 and MATH 235 or its equivalent. Semester offered: Every year.

3 hrs

ECON 429 Environment, Resources And Economic Growth

This course focuses on the theory and policy issues involved in resource creation and depletion; environmental destruction, preservation and recreation; and the interrelation of these problems of and prospects for economic growth. Prerequisite: ECON 202. On request.

3 hrs

ECON 431 Monetary Theory And Policy

A study of the nature and functions of money and the financial system, with emphasis on monetary theory and its application to current banking and financial problems. Recent contributions to monetary theory and current literature. Prerequisite: ECON 301. Every year.

3 hrs

ECON 433 P Commercial Economics Aspects Of The Hospitality Industry

This course will examine economic policies that are the basis for accounting and financial practices within the hospitality industry. Additionally, students will explore managerial accounting essentials and examine their use in planning, controlling, and developing budgets within the hospitality industry. This course may not be used by students to fulfill requirements for the major in Economics or a Concentration in Commercial Economics. Prerequisites: None. Offered: Winter.

4 hrs

ECON 435 Public Finance

Problems of public and private sector decision making of revenue-expenditure policies and an examination of the actual legal, political and economic policies for revenues and expenditures of federal, state and local governments. Prerequisite: ECON 302. On request.

3 hrs

ECON 437 State And Local Government Finance

This course investigates the role, problems and relative importance of municipal governments in the United States. Such areas as the demand for public services, tax and expenditure policies, and intergovernmental fiscal relations will be explored in detail. Case studies of state and local governments will be introduced to emphasize the problems and proposed solutions arising in modern municipal governments. Prerequisite: ECON 302. On request.

3 hrs

ECON 438 Economic Policy

Analysis of the confluence of political and economic behavior, the economics of collective action. Prerequisites: ECON 301 and ECON 302. On request.

3 hrs

ECON 442 International Finance

This course emphasizes the global activity and balance of payments implications of government taxation, expenditure and monetary policies under various capital market conditions. Major topics include: exchange rates and the balance of payments; national income determination in an open economy; integrated and non-integrated capital markets; economic growth stabilization policies and the quest for global economic stability. Prerequisite: ECON 301 or equivalent

3 hrs

ECON 448 Socialist Economic Systems

3 hrs

ECON 450 R Regional Economics

Contemporary policy approaches to regional growth and decline are analyzed in this course. Prerequisite: ECON 302 Semester offered: On request

3 hrs

ECON 451 Institutional Economic Theory

Analysis of impact of modern philosophy and developments in social sciences on economic theory. Prerequisites: ECON 301,ECON 302 or consent. Semester offered: Every semester

3 hrs

ECON 458 Urban Economics

An inquiry into the economics of location decisions and the influence of these on urban growth and on the real estate market; the evaluation of urban transportation and other public services; an examination of economic development of ghetto neighborhoods. Prerequisite: ECON 302 or its equivalent, or by special permission of the instructor. On request.

3 hrs

ECON 460 Industrial Organization

The structure, conduct, and performance of American industry. Historical evolution of American industry; alternative industrial systems. Antitrust policies and their alternatives. Technological change and industrial performance. .Prerequisite: ECON 301, ECON 302. On request.

3 hrs

ECON 461 Public Utility Economics

This course is designed to examine the theory and practice of public utility economics. It includes study of the public utility concept and how it has evolved and is evolving, the operation of public utilities in the U.S. economy, the methods and practice of regulating utilities, industry by industry case studies and current issues in public utility economics. On request.

3 hrs

ECON 465 The Economics Of Health And Medicine

An economic analysis of the development of the medical market; organized medicine and the structure of existing health delivery systems. The problems of the medical market will be analyzed; the role of insurance will be investigated and alternative public policies will be studied. Prerequisite: Advanced standing or consent of the instructor. On request.

3 hrs

ECON 475 Economics Institutions and Policies

This course focuses on the economic system analysis of labor market phenomena in the context of historical-institutional development and labor market policies, this course is offered winter semester only. Prerequisites: ECON 201 and ECON 202 or consent of instructor.

3 hrs

ECON 480 Managerial Economics And Operations Analysis

This course focuses on the application of microeconomic theory to a variety of contemporary business and government problems. Through case studies, students are introduced to the full complexity of actual industrial and government decisions and the diversity of microeconomic tools and concepts that can be brought to bear on these decisions. Prerequisites: ECON 301 and ECON 302. Semester offered: On request

3 hrs

ECON 487 History Of Labor Movements

This course is concerned with the early formation and the transformation of labor unions given the changing American industrial climate. Study will include early union structures, forerunners of modern unions, such as the Knights of Labor, development of the current unions and the potential for union survival in the post-industrial era.

3 hrs

ECON 487 H Human Resource Economics

An analysis of the factors determining the productivity of human resources: education, nutrition, job training and work environment. An analysis of work patterns, wage patterns and the impact of automation. Prerequisite: ECON 302 Semester Offered: Fall, every other year.

3 hrs

ECON 488 Radical Political Economy

This course will cover the ideas that constitute radical political economy. It will show how radical political economy can be used to examine current economics and social problems and will outline possible economic structures of utopian visions. Offered: On Request

3 hrs

ECON 490 Readings In Economics

Intensive reading and/or research in an area selected by the student in consultation with the professor in any of the following fields: (a) economic theory, (b) history of economic thought, (c) labor economics, (d) urban economics, (e) monetary and fiscal policy and theory, (f) international economics, (g) economic development. (h) comparative economic systems, (i) public finance, (j) public policy toward business, (k) quantitative economics. By permission only. On request.

1-3 hrs

ECON 495 Colloquium In Economics

Each course will deal with a particular topic in economics: A) Manpower Economics; B) Political Economy; C) Area Studies in Economics-Europe; D) Area studies in Economics-Africa; and E) Area studies in Economics-Asia. Prerequisite: ECON 201, ECON 202. On request.

3 hrs

ECON 497 Internship

The course allows the student to participate in cognate, approved internships of a professional nature. Prerequisite: Senior or graduate standing. Offered by permission only.

3 hrs

ECON 499 WI Capstone Colloquim

This course provides a common intellectual experience for all economics majors while recognizing the diversity of experiences students bring with them to their final semester before graduation. A series of lectures, reading assignments, and writing assignments help students to synthesize their knowledge of the broad areas of study within (and outside) the field of economics. Guest lecturers provide a critical summary of and synthesis of major areas of study. Each student will also assess their own development by critically examining their individual portfolio of work (containing papers, essay exams, and term papers written during their undergraduate career), and of the department's program. Prerequisite: Successful completion of WEPT. Offered: Winter

3 hrs

ECON H202 Introduction To Economics II

3 hrs