NOTE: This information is for students who began this major in Fall 2022 or later.

Analytical Economics courses

In addition to meeting with your advisor throughout your time at Tippie, you'll also use a course planning worksheet—it will help you know what courses you need to take for your the emphasis you select for your Economics major (either Economics or Analytical Economics), as well as help you plan when you'll take them. Plan your course schedule with the worksheet and read about the courses you'll be taking below.

Required courses (10 s.h.)

Professional Preparation course: CCP:3102; CCP:3107; CCP:2001; CCP:3104; Tippie majors Pro Prep courses– MKTG; MGMT; ACCT; 1 FIN; BAIS (1 s.h.)

Intermediate Microeconomics - Advanced (ECON:3125)
(ECON:1100, MATH:1850 & MATH:1860) (3 s.h.)

Intermediate Macroeconomics (ECON:3150)
Measurement of macroeconomic indicators; economic growth and business cycles; use of macroeconomic models to study the role of government fiscal and monetary policies. Prerequisites: ECON:1200 and (MATH:1380 or MATH:1460 or MATH:1550 or MATH:1850 or MATH:1860). (3 s.h.)

Econometric Analysis (ECON:4800)
Linear regression models; causal effects; estimation and hypothesis testing; errors in variables; simultaneous equations; panel data; instrumental variables; limited dependent variables; emphasis on interpretation, methods, application of econometric modelling, and use of statistical software. (STAT:3101 or STAT:3120) (3 s.h.)

Economics Applied Elective courses (12 s.h.)

Select two from each section:

Part 1

Students may select only two courses from this list of courses (6 s.h.)

Excluding: ECON:3870 Federal Reserve Challenge and ECON:4050 Readings & Independent Study in Economics

Personnel Economics (ECON:3325)
Microeconomic analysis of labor markets with special emphasis on strategic personnel choices of the firm; labor supply decisions made by workers; labor demand decisions made by firms; labor market equilibrium; returns to education; hiring, job design, evaluation, and compensation. Prerequisite: ECON:1100. (3 s.h.)

Money, Banking, and Financial Markets (ECON:3335)
Role of money and financial institutions in determining domestic and international income, employment, and prices. Prerequisites: ECON:1100 and ECON:1200. (3 s.h.)

Industry Analysis (ECON:3350)
Structural evolution; imperfect competition; resource allocation; development of public policy on monopoly; selected industries. Prerequisites: ECON:1100. (3 s.h.)

Economic and Business Forecasting (ECON:3355)
Development and utilization of forecasts of business and economic variables; application of modern statistical methods and software to quantitative forecasting problems. Prerequisites: ECON:1100 and ECON:1200 and (ECON:3300 or ECON:4800 or MSCI:2800 or STAT:3200). (3 s.h.)

Experimental Economics (ECON:3360)
Experimental economics has significantly changed how economists think about many issues; techniques of experimental economics and major applications of these techniques; how to run an economic experiment; four major areas of economics that have been fundamentally changed by experimental economics include individual decision making, models of fairness and reciprocity, game theory and applications, and markets; student participation and presentations of student research projects. Prerequisites: ECON:1100. (3 s.h.)

Business and Government (ECON:3380)
Examination of relationship between government, private sector, and citizenry; legal, regulatory, market, and civic context in which private sector functions; how business owners and entrepreneurs have shaped political and economic outcomes in the United States; central theme of exploring and understanding the nature of government policy, how policy affects businesses, and how policy affects societal welfare. Prerequisite: ECON:1100. (3 s.h.)

Economic Growth and Development (ECON:3620)
Determinants of rising living standards; accumulation of physical and human capital; predictions of economic growth models compared to observed changes in living standards. Prerequisites: ECON:1100 and ECON:1200. (3 s.h.)

Environmental and Natural Resource Economics (ECON:3625)
Environmental and resource use problems; efficient mechanisms and other policies for environmental protection, management of common property resources. Prerequisite: ECON:1100. Same as URP:3135. (3 s.h.)

Regional and Urban Economics (ECON:3640)
Theory of location and regional development; central place theory; why cities exist and trade with one another; models of land-use patterns, rents; empirical tests of models; policy applications. Prerequisite: ECON:1100. Same as URP:3134. (3 s.h.)

Health Economics (ECON:3760)
Externalities and health behaviors; government influence on health behaviors; overview of health insurance and health insurance markets; health care costs; public health insurance; health insurance reforms. Prerequisites: ECON:1100. (3 s.h.)

Urban Transportation (ECON:3770)
Transportation in the urban market; urban transport modes, technologies, costs, pricing, and ways to develop and analyze urban policy in order to promote city livability and sustainability; development of urban transportation and transport operations in the U.S. and worldwide; urban transport policies, plans, and policy development processes; major urban transportation issues, investigation of possible means of attacking urban transportation issues. Prerequisites: ECON:1100. Same as URP:3360. (3 s.h.)

Behavioral Economics (ECON:3850)
Behavioral economics is a relatively new field that applies insights gleaned from psychology to economics; standard economic theory assumes people are all homo economicus: we know exactly how to maximize our own utility, and we do it well; behavioral economists seek to improve microeconomic theory with more realistic assumptions about human behavior. Prerequisites: ECON:1100. (3 s.h.)

Part 2

Students may select two or four courses from this list (6 s.h.)

International Economics (ECON:4110)
Neoclassical model of international trade; imperfect competition and international trade and investment; role of trade barriers; regional trade agreements and the World Trade Organization. Prerequisites: ECON:3100 and ECON:3150. (3 s.h.)

Labor Economics (ECON:4140)
Labor supply and demand; investments in human capital; compensating wage differentials; discrimination; long-term contracts; occupational choice; family decisions; unions; immigration. Prerequisite: ECON:3100. (3 s.h.)

Industrial Organization (ECON:4180)
Market structure; effects of business practices, informational problems on market structure; appraisal of antitrust policies, government regulation of business. Prerequisite: ECON:3100. (3 s.h.)

Game Theory (ECON:4200)
Basic concepts of game theory including dominance, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection, signaling; provides students with a working understanding of game theory; examples drawn from economics and politics. Prerequisites: ECON:3100 and ECON:3150. (3 s.h.)