Santa Clara University

The Economics Major in the Leavey School of Business

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Economics course requirements for major in Leavey School of Business view below

 

REQUIREMENTS FOR THE MAJOR

In addition to fulfilling Undergraduate Core Curriculum and Leavey School of Business requirements for the bachelor of science in commerce degree, students majoring in economics must complete the following departmental requirements:

  • ECON 41 and 42 (satisfies OMIS 41 requirement in the Leavey School of Business core.)
  • ECON 113, 114, 115, and 181 or 182
  • Three upper-division economics electives, at least two of which must be completed after ECON 113 and 115

LOWER-DIVISION COURSES
1.    Principles of Microeconomics
Introduction to microeconomics and its applications to business decisions and public policy. Topics include supply, demand, and the coordinating role of prices in a market economy; the behavior of business firms, including output and pricing decisions; competition and monopoly; government policies and regulations affecting markets. (4 units)
1E.    Principles of Microeconomics
Special section of ECON 1 emphasizing environmental applications of economics. Introduction to microeconomics and its applications to business decisions and public policy. Topics include supply, demand, and the coordinating role of prices in a market economy; the behavior of business firms, including output and pricing decisions; competition and monopoly; government policies and regulations affecting markets. (4 units)
2.    Principles of Macroeconomics
Determinants of national income and product in the long run and short run; inflation, unemployment, and business cycles; monetary and fiscal policies; and economic growth. Prerequisite: ECON 1. (4 units)
3.    International Economics, Development, and Growth

Analysis of international trade theory and policy, balance-of-payments adjust-ments and exchange-rate regimes, and economic development. Prerequisite: ECON 2. (4 units)
3H.    International Economics, Development, and Growth
Honors section. Analysis of international trade theory and policy, balance-of-payments adjustments and exchange-rate regimes, and economic development. Must be in the University Honors or Leavey Scholars Program, or have permission of instructor. Prerequisite: ECON 2. (4 units)
41.    Data Analysis and Econometrics
Introduction to statistical methods for analyzing economic data. Emphasis on applications of multiple regression and establishing causality in observational data. Prerequisites:  ECON 1 and 2, MATH 12 or 31, and MATH 8 or OMIS 40. Must also be enrolled in ECON 42.
42.    Data Analysis Applications
Hands-on course in obtaining and analyzing data using statistical software.  Prerequisite:  ECON 1 and 2, MATH 12 or 31, and MATH 8 or OMIS 40.  Must also be enrolled in ECON 41.

UPPER-DIVISION COURSES
Prerequisites: Unless otherwise noted, ECON 1, 2, and 3 are required for all upper-division economics courses.
101.    Resources, Food, and the Environment
Exploration of the relationship among food production, resource use, and the environment. Topics include biotechnology, the green revolution, resource depletion, environmental degradation, and food safety. Prerequisites: None. (5 units)
111.    Economics of the Environment
Economic analysis of environmental issues and government policies for environmental protection. Applications to important environmental issues, such as global climate change, water and air pollution, hazardous wastes, biodiversity, and endangered species. Prerequisite: ECON 1. (5 units)
113.    Intermediate Microeconomics I
Theory of rational individual choice and its applications to decision making, consumer demand, and social welfare;, and economics of uncertainty and information. Additional prerequisite: MATH 11 or 30. (5 units)
114.    Intermediate Microeconomics II
Theory of the firm; determination of price and quantity by profit-maximizing firms under different market structures; strategic behavior; general equilibrium; market failure and government policies. Additional prerequisite: MATH 11 or 30. (5 units)
115.    Intermediate Macroeconomics
Macroeconomic analysis, emphasizing modern macroeconomic models for explaining output, employment, and inflation in the short run and long run. Macroeconomic policymaking, including fiscal and monetary policy. Additional prerequisite: MATH 11 or 30. (5 units)
120.    Economics of the Public Sector
Microeconomic analysis of the role of government in the market economy. Supply of public goods and services, government's role in controlling externalities and regulating private industry, and the economics of the political process. (5 units)
122.    Money and Banking
Theoretical, institutional, and historical approach to the study of money and banking, with particular emphasis on the relationship between the monetary and banking system and the rest of the economy. (5 units)
126.    Economics and Law
Economic analysis of law and legal institutions focusing on the common law areas of property, contracts, and torts. (5 units)
127.    Public Finance: Taxation
Analysis of various tax policies and their effect on the economy. Individual income taxes, corporate income taxes, consumption taxes, payroll taxes, state and local taxes, and other alternative forms of taxation. (5 units)
129.    Economic Development
Causes and consequences of economic growth and poverty in less developed countries; analysis of the role of government policies in economic development. (5 units)
130.    Latin American Economic Development
Examination of the economic development of Latin American countries, with particular emphasis on the relationships between economic growth and their social, political, and economic structures. (5 units)
134.    African Economic Development
Examination of the economic development of sub-Saharan African countries, with particular emphasis on the relationships between economic growth and their social, political, and economic structures. (5 units)
135.    Gender Issues in the Developing World
Explores the gendered nature of poverty in the developing world, with special focus on sub-Saharan Africa, using applied statistical analysis and economic theory. Also listed as WGST 121. Additional prerequisite: ECON 113. (5 units)
136.    20th-Century Economic History
The development of the U.S. economy during the 20th century. Topics include the causes and consequences of economic growth, the Great Depression, the rise of government regulation, the changing role of women in the workforce, and the increasing internationalization of markets during the postwar period. Additional prerequisite: ECON 115. (5 units)
137.    World Economic History
Development of Western and non-Western economies since the late 19th century. Topics include globalization and economic integration, convergence and divergence in economic growth across countries, international monetary systems, and the impact of alternative policies and institutional regimes on economic performance. (5 units)
138.    History of Economic Thought
Origins and evolution of economic ideas in their historical and philosophical context. Emphasis on the theories of Adam Smith, David Ricardo, and Karl Marx, as well as the emergence of modern microeconomics and macroeconomics in the 19th and 20th centuries. (5 units)
139.    American Economic History
Study of growth and institutional change in the U.S. economy since colonial times. Topics include early industrialization, the economics of slavery, and the rise of large business enterprises and labor unions. (5 units)
150.    Labor Economics
Study of labor productivity, incomes and employment, and how these are affected by labor organizations and labor legislation. Additional prerequisites: ECON 113 and OMIS 41 or ECON 41and 42. (5 units)
155.    Economics of Immigration
Examines economic impacts of post-1967 immigration to the United States. Topics include determinants of the migration decision, extent of "assimilation" of immigrants into the U.S. educational system and economy, and economic impacts of immigration on natives. Additional prerequisite: OMIS 41 or ECON 41 and 42. (5 units)
156.    Real Estate Economics
Economic analysis of real estate markets, including supply of and demand for land and improvements, legal aspects of real estate ownership and transactions, government regulation and taxation of real estate, and real estate markets in urban and regional economies. Additional prerequisite: OMIS 41 or ECON 41 and 42. (5 units)
160.    The Economics of Poverty and Inequality
Examines theories and evidence regarding poverty and economic inequality in the United States. Evaluates alternative public policies aimed at combating poverty. (5 units)
164.    Vocation and Gender: Seeking Meaning in Work and Life
An interdisciplinary examination of vocation, understood as both a meaningful career and life outside of work. Incorporates theoretical and empirical methods of the disciplines of communication and economics to provide a rich set of tools with which to make discerning decisions on personal vocation. Economic models and empirical studies provide the framework for considering life choices, while the field of communication enables analysis of the ways individuals and groups engage in interpersonal, organizational, and mediated communication surrounding work/life issues. Prerequisite: Junior or senior standing. ECON 1, 2, and 3 are not required, but some prior economics course(s) are recommended. (5 units)
166.    Race, Ethnicity, and Gender in the U.S. Economy
Analysis of current and historical differences in economic status by race, ethnicity, and gender; theory and evidence of discrimination; role of government policies. Additional prerequisite: OMIS 41 or ECON 173 or ECON 41 and 42. (5 units)
170.    Mathematical Economics I: Static Optimization
The standard classical models of microeconomic and macroeconomic theory are generalized and reformulated as mathematical systems. The primary goal of the course is to extract empirically testable propositions that would permit testing model veracity. Linear algebra and the tools of calculus including power series, the implicit function theorem, envelope theorems, and duality are used as the basis of analysis. Additional prerequisites: MATH 11, 12, and ECON 113 or 114, or permission of instructor. (5 units)
171.    Mathematical Economics II: Dynamic Optimization
The course will discuss the mathematical tools needed to analyze dynamic situations in economics. Topics include calculus of variations, optimal control, and dynamic programming. Applications to optimal growth paths, natural resource allocations, organizational decision making and stability of economic systems are discussed. Additional prerequisites: ECON 170 or permission of instructor. (5 units)
172.    Game Theory
This course introduces game theoretical concepts and tools. Theoretical topics include Nash equilibrium, Sub-game perfection, Bayesian-Nash equilibrium, Harsanyi transformation, commitment, and Perfect Bayesian Equilibrium. Applications to topics such as oligopoly, strategic investment, and agency theory are discussed. Additional prerequisites: MATH 11, 12, and ECON 113 or 114, or permission of instructor. (5 units)
173.    Econometrics
Statistical methods to analyze economic data. Estimation and hypothesis testing using multiple regression; time series and cross-section data. Additional prerequisites: MATH 12 or MATH 31, ECON 41 and 42, or OMIS 41 or MATH 8. (5 units)
174.    Time Series Analysis
Methods to forecast and interpret hypotheses about time-varying economic variables. Stationary and nonstationary series; characterizing time series in tractable ways; separating regular (trend and seasonal) and irregular parts of a time series; and examining identification and estimation strategies. Synthesize, present, and evaluate time series analysis to assess credibility. Additional prerequisite: ECON 173 or ECON 41 and 42 or permission of instructor. (5 units)
181.    International Trade
Analysis of the theories of international trade and strategic interactions; assessment of the empirical patterns of trade; analysis of the political economy of protection, and applications to policies guiding international competition. Additional prerequisite: ECON 113. (5 units)
182.    International Finance and Open Economy Macroeconomics
Analysis of the monetary aspects of international economics, including the balance of payments, exchange rates and foreign exchange markets, speculative attacks and currency crises, and the implications of international trade and capital flows for macroeconomic activity and policy. Additional prerequisite: ECON 115. (5 units)
185.    Economics of Technological Change
The economic determinants and consequences of technological change. Topics include research and development, joint ventures, patents and other intellectual property, university-industry and government-industry collaboration, and the relationship between antitrust and other regulatory policies and technological advances. (5 units)
190.    Economics Seminar
Seminar on contemporary economic theories and problems. Admission by invitation only. (5 units)
199.    Directed Reading/Directed Research
Independent projects undertaken by upper-division students with a faculty sponsor. Independent studies are normally permitted only under special circumstances. Prerequisite: Written proposal must be approved by instructor and chair at least one week prior to registration. (1–5 units)

 
 
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