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

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 (9 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 (ECON:3100)
Economic theory of the behavior of consumers, producers, and other economic agents; role of markets in coordinating economic activity; effects of government policies on market outcomes; conditions that markets require for efficient allocation of resources; market imperfections; strategic behavior of economic actors. Prerequisites: ECON:1100 and (MATH:1380 or MATH:1460 or MATH:1550 or MATH:1850 or 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.)

Introduction to Econometrics (ECON:3300)
Statistical tools used in economic analysis; regression models; estimation and hypothesis testing; causal effects; application to economic data and questions; use of statistical software. Prerequisites: STAT:1030 and (MATH:1380 or MATH:1460 or MATH:1550 or MATH:1850 or MATH:1860). (3 s.h.)

Economics course electives (12 s.h.)

Four courses from this list (at least two must be completed at UI):

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.)

Global Economics and Business (ECON:3345)
Modern theories of international trade and investment; impact of tariffs and other restrictions on international trade; effects of export and production subsidies; free trade agreements; exchange rates and foreign exchange markets; international monetary arrangements; balance of payments; international economic policy. 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.)

Policy Analysis (ECON:3650)
Economic functions of government in modern economies; effects of government expenditures and taxation on allocation of resources. Prerequisites: ECON:1100. (3 s.h.)

Sports Economics (ECON:3690)
Theory and literature of economic issues in professional sports; issues such as relative advantages of large- and small-market teams, city subsidies for baseball and football stadiums, star players' true value to their teams; ideas from introductory economics (such as demand and cost curves) combined with additional economic theory, statistical evidence, and information about particular sports. Prerequisite: ECON:1100. (3 s.h.)

Transportation Economics (ECON:3750)
Overview of transportation markets—intercity, rural, urban; transportation modes—rail, highway, air, water, pipeline, transit; issues in finance, policy, planning, management, physical distribution, and environmental, economic, and safety regulation. Recommendations: ECON:1100 and ECON:1200. Same as GEOG:3940, URP:3350. (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.)

Law and Economics (ECON:3800)
Law examined through analytic tools of microeconomics; impact of legal rules on resource allocation, risk bearing, distribution of economic well-being. Prerequisite: ECON:1100. (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.)

Topics in Policy Economics (ECON:3875)
Topics vary. Prerequisites: ECON:1100 and ECON:1200. (3 s.h.)