Courses Offered

Below is a complete listing of undergraduate Economics courses. Please see the UWM Schedule of Classes to view which classes are currently being offered.

ECON 100 Introductory Economics
3 cr. Undergraduate.
A one semester survey of current national and international economic problems. Useful as preparation for Econ 103 and 104. Not required of economics majors.
Prerequisites: none.
General Education Requirements: SS
Course Rules: Not open for cr to students who have cr in Econ 103 & 104.
Last Taught: Spring 2022, Fall 2021, Summer 2021, Spring 2021.

ECON 103 Principles of Microeconomics
3 cr. Undergraduate.
Economic reasoning; price determination, specialization, and efficiency. Applications include international trade, antitrust, environmental protection, highway congestion.
Prerequisites: none.
General Education Requirements: SS
Last Taught: Summer 2022, Spring 2022, Fall 2021, Summer 2021.

ECON 104 Principles of Macroeconomics
3 cr. Undergraduate.
Composition of national income, interrelationship of sectors; determination of national income and productivity; relationship between national income, inflation, money, interest rates; U.S. global economies interaction.
Prerequisites: none.
General Education Requirements: SS
Last Taught: Summer 2022, Spring 2022, Fall 2021, Summer 2021.

ECON 110 Economics of Personal Finance
1 cr. Undergraduate.
Economics of personal financial management; development of successful financial skills; activity-based course with assignments emphasizing students' individual situations.
Prerequisites: none.
Course Rules: No cr for students who have cr in Econ 258 w/same topic.
Last Taught: Summer 2022, Spring 2022, Fall 2021, Summer 2021.

ECON 193 First-Year Seminar:
3 cr. Undergraduate.
The specific topics are announced in the Schedule of Classes each time the class is offered.
Prerequisites: none.
General Education Requirements: SS
Course Rules: Open only to freshmen. Students may earn cr in just one L&S First-Year Sem (course numbers 192, 193, 194).
Last Taught: Fall 2020, Fall 2019, Fall 2018, Fall 2017.

ECON 199 Independent Study
1-3 cr. Undergraduate.
For further information, consult dept chair.
Prerequisites: 2.0 GPA; consent of instructor, department chair, and Assistant Dean for Student Academic Services.
Course Rules: May be retaken to 6 cr max.
Last Taught: Spring 2018, Fall 2016, Spring 2008, Fall 2005.

ECON 210 Economic Statistics
3 cr. Undergraduate.
Basic probability and statistics; numerical and graphical methods of describing data, elementary probability, random variables and probability distributions, hypothesis testing, simple linear regression.
Prerequisites: Math 105(P), or Math 108(P), or Math Placement Level 30 or higher.
General Education Requirements: QLB
Last Taught: Spring 2022, Fall 2021, Spring 2021, Fall 2020.

ECON 231 Analysis of American Industries
3 cr. Undergraduate.
Performance of key U.S. industries (e.g. education, beer, cars, medicinal drugs, radio, television, sports, steel, food, music recording); their responses to changing national/international economic conditions.
Prerequisites: soph st; Econ 103(P).

ECON 248 Economics of Discrimination
3 cr. Undergraduate.
Use of economic theory to examine the history, current status, and policies regarding various minority groups in the United States. Applications include education, housing, jobs.
Prerequisites: none.
General Education Requirements: CD, SS
Last Taught: Spring 2022, Fall 2021, Spring 2021, Fall 2020.

ECON 258 Selected Topics in Economics:
1-3 cr. Undergraduate.
Focus on special topics not normally discussed in detail in other existing courses.
Prerequisites: soph st; cons instr.
Course Rules: May be retaken w/chg in topic to 9 cr max.
Last Taught: Spring 2020, Spring 2019, Spring 2018, Spring 2008.

ECON 289 Internship in Economics, Lower Division
1-6 cr. Undergraduate.
Application of basic principles of economics in a business, organizational, educational, political, or other appropriate setting.
Prerequisites: 100-level course in Econ; 2.25 gpa; cons supervising faculty member.
Course Rules: One cr granted for academic work based on 40 hrs in the internship. May be retaken to 6 cr max.
Last Taught: Summer 2004, Spring 2004, Summer 2002, Spring 1999.

ECON 297 Study Abroad:
1-12 cr. Undergraduate.
Designed to enroll students in UWM sponsored program before course work level, content and credits are determined and/or in specially prepared program course work.
Prerequisites: acceptance for Study Abroad Prog.
Course Rules: May be retaken w/chg in topic.
Last Taught: Fall 2020, Spring 2020, Fall 2019, Spring 2019.

ECON 299 Ad Hoc:
1-6 cr. Undergraduate.
Course created expressly for offering in a specified enrollment period. Requires only dept & assoc dean approval. In exceptional circumstances, can be offered in one add'l sem.
Prerequisites: none; add'l prereqs may be assigned to specific topic.
Course Rules: May be retaken w/chg in topic.

ECON 301 Intermediate Microeconomics
3 cr. Undergraduate.
Contemporary theory of consumption, production, pricing, resource allocation, and distribution.
Prerequisites: Econ 103(P).
Last Taught: Summer 2022, Spring 2022, Fall 2021, Summer 2021.

ECON 302 Intermediate Macroeconomics
3 cr. Undergraduate.
Analysis of savings, production, investment and other aggregates in the national and international economy as related to the determination of national income, inflation, and unemployment.
Prerequisites: Econ 104(P).
Last Taught: Summer 2022, Spring 2022, Fall 2021, Summer 2021.

ECON 310 Research Methods for Economics
3 cr. Undergraduate/Graduate.
Statistical research methods, especially cross-sectional and panel-data regression and hypothesis testing, applied to the evaluation of empirical data and a directed research project using programming languages (STATA, R, Python, Matlab, etc.)
Prerequisites: junior standing; ECON 210(P) or consent of instructor.
Course Rules: Not open for cr to students who have cr in ECON 513(531).
Last Taught: Fall 2021.

ECON 310G Research Methods for Economics
3 cr. Undergraduate/Graduate.
Statistical research methods, especially cross-sectional and panel-data regression and hypothesis testing, applied to the evaluation of empirical data and a directed research project using programming languages (STATA, R, Python, Matlab, etc.)
Prerequisites: junior standing; ECON 210(P) or consent of instructor.
Course Rules: Not open for cr to students who have cr in ECON 513(531).
Last Taught: Fall 2021.

ECON 325 Money and Banking
3 cr. Undergraduate.
Stocks, bonds, derivatives, foreign exchange. Analysis of commercial banks, investment banks, brokerages, etc. Domestic and international monetary theory and policy. Risk insurances, regulations, deregulation..
Prerequisites: Econ 104(P).
Last Taught: Spring 2022, Fall 2021, Spring 2021, Fall 2020.

ECON 328 Environmental Economics
3 cr. Undergraduate.
Evaluating public policy of environmental and natural resources. Regulation of pollution, endangered species, natural resources, and other case studies.
Prerequisites: Econ 103(P).
Last Taught: Spring 2022, Fall 2021, Spring 2021, Fall 2020.

ECON 333 Economics and Law
3 cr. Undergraduate.
Economic roles of civil/criminal law through definition/enforcement of property, contract, civil rights. Applications: breach of contract, compensation for injury, medical malpractice, sexual harassment.
Prerequisites: Econ 103(P).
Last Taught: Spring 2012.

ECON 335 Economics of Antitrust Laws
3 cr. Undergraduate.
Examination of laws intended to increase competition; their evolution through landmark cases involving price fixing, mergers toward monopoly, and unfair competition including IBM, AT&T, Microsoft.
Prerequisites: Econ 103(P).

ECON 351 Introduction to International Economic Relations
3 cr. Undergraduate.
International economics and finance, determinants and structure of international trade, commercial policy, foreign exchange markets, and balance of payments.
Prerequisites: Econ 100(P); or both 103(P) & 104(P).
Course Rules: Not open for cr to students who have cr in both Econ 454 & 455.
Last Taught: Summer 2022, Spring 2022, Fall 2021, Spring 2021.

ECON 353 Economic Development
3 cr. Undergraduate.
Examination of determinants of growth, modernization, poverty, and inequality in developing countries of Africa, Asia, and Latin America. Analysis of development strategies.
Prerequisites: Econ 103(P) & 104(P).
Last Taught: Spring 2022, Fall 2021, Summer 2021, Spring 2021.

ECON 381 Honors Seminar:
3 cr. Undergraduate.
Examination of current economic issues such as energy, environment, poverty, and human resource development.
Prerequisites: soph st; Honors 200(P); cons Honors College dir.
General Education Requirements: SS
Course Rules: May be retaken w/chg in topic to 9 cr max.
Last Taught: Fall 2016, Spring 2015, Spring 2006, Spring 2005.

ECON 404 Economic Applications of Game Theory
3 cr. Undergraduate.
Strategic interaction among decision makers. Studies multi-party decision problems of a firm, a government, or a country.
Prerequisites: jr st; Econ 301(R) or cons instr.
Last Taught: Fall 2021, Spring 2021, Fall 2020, Spring 2020.

ECON 411 Economic Forecasting Methods
3 cr. Undergraduate/Graduate.
Economic time series, analysis, forecasts. Trends, seasonality, cycles. Univariate and multivariate time series models. Application of machine learning models to macro and financial data. Extensive use of econometric and statistical software.
Prerequisites: junior standing, ECON 210(P), and ECON 310(P); or consent of instructor.
Last Taught: Spring 2022.

ECON 411G Economic Forecasting Methods
3 cr. Undergraduate/Graduate.
Economic time series, analysis, forecasts. Trends, seasonality, cycles. Univariate and multivariate time series models. Application of machine learning models to macro and financial data. Extensive use of econometric and statistical software.
Prerequisites: junior standing, ECON 210(P), and ECON 310(P); or consent of instructor.
Last Taught: Spring 2022.

ECON 413 Statistics for Economists
3 cr. Undergraduate/Graduate.
Elements of probability; joint marginal and conditional distributions; measures of central tendency and dispersion, calculus of expectations; central limit theorem. Estimation and testing of economic relations.
Prerequisites: jr st; Econ 210(P); Math 211(P) & cons instr, or Math 231(P). Math 232(R) & 233(R).
Last Taught: Fall 2017, Fall 2016.

ECON 413G Statistics for Economists
3 cr. Undergraduate/Graduate.
Elements of probability; joint marginal and conditional distributions; measures of central tendency and dispersion, calculus of expectations; central limit theorem. Estimation and testing of economic relations.
Prerequisites: jr st; Econ 210(P); Math 211(P) & cons instr, or Math 231(P). Math 232(R) & 233(R).
Last Taught: Fall 2017, Fall 2016.

ECON 415 Economics of Employment and Labor Relations
3 cr. Undergraduate/Graduate.
Analysis of wage setting, labor markets, human capital and collective bargaining. Study of labor standards, regulation and the role of unions and government.
Prerequisites: jr st; Econ 103(P).
Last Taught: Spring 2022, Fall 2021.

ECON 415G Economics of Employment and Labor Relations
3 cr. Undergraduate/Graduate.
Analysis of wage setting, labor markets, human capital and collective bargaining. Study of labor standards, regulation and the role of unions and government.
Prerequisites: jr st; Econ 103(P).
Last Taught: Spring 2022, Fall 2021.

ECON 426 Public Economics
3 cr. Undergraduate/Graduate.
Economic analysis of government and policy, including taxation and expenditures, policy responses to market failures, redistributional programs, and related topics.
Prerequisites: jr st; Econ 104(P) & 301(P).
Last Taught: Spring 2022.

ECON 426G Public Economics
3 cr. Undergraduate/Graduate.
Economic analysis of government and policy, including taxation and expenditures, policy responses to market failures, redistributional programs, and related topics.
Prerequisites: jr st; Econ 104(P) & 301(P).
Last Taught: Spring 2022.

ECON 432 Industrial Organization
3 cr. Undergraduate/Graduate.
Economic analysis of asymmetric information, barriers to competitive entry, licensing, pricing practices/transactions costs; application to markets for insurance, computers, health care, used cars, food.
Prerequisites: jr st; Econ 301(P).
Last Taught: Fall 2021.

ECON 432G Industrial Organization
3 cr. Undergraduate/Graduate.
Economic analysis of asymmetric information, barriers to competitive entry, licensing, pricing practices/transactions costs; application to markets for insurance, computers, health care, used cars, food.
Prerequisites: jr st; Econ 301(P).
Last Taught: Fall 2021.

ECON 447 Labor Economics
3 cr. Undergraduate/Graduate.
The economics of unions, minimum wage, poverty and welfare programs; influence of international trade on domestic labor markets. Study of labor supply and labor demand.
Prerequisites: jr st; Econ 301(P).
Last Taught: Spring 2020, Spring 2019.

ECON 447G Labor Economics
3 cr. Undergraduate/Graduate.
The economics of unions, minimum wage, poverty and welfare programs; influence of international trade on domestic labor markets. Study of labor supply and labor demand.
Prerequisites: jr st; Econ 301(P).
Last Taught: Spring 2020, Spring 2019.

ECON 448 Economics of Human Resources
3 cr. Undergraduate/Graduate.
The economics of education, training, discrimination, and workplace incentives. Study of hiring, promotion, and job search.
Prerequisites: jr st; Econ 103(P) or cons instr.
Last Taught: Fall 2021.

ECON 448G Economics of Human Resources
3 cr. Undergraduate/Graduate.
The economics of education, training, discrimination, and workplace incentives. Study of hiring, promotion, and job search.
Prerequisites: jr st; Econ 103(P) or cons instr.
Last Taught: Fall 2021.

ECON 450 Health Economics
3 cr. Undergraduate/Graduate.
Efficiency of medical care, health insurance and access to care, alternative models of health care delivery, health behaviors and public policy.
Prerequisites: jr st; Econ 103(P).
Last Taught: Spring 2022.

ECON 450G Health Economics
3 cr. Undergraduate/Graduate.
Efficiency of medical care, health insurance and access to care, alternative models of health care delivery, health behaviors and public policy.
Prerequisites: jr st; Econ 103(P).
Last Taught: Spring 2022.

ECON 454 International Trade
3 cr. Undergraduate/Graduate.
Why countries trade; who wins, who loses; facts about world trade; political economy of trade. Balance of payments, Asian crisis, European Union, American wage dispersion.
Prerequisites: jr st; Econ 301(P).
Last Taught: Spring 2022.

ECON 454G International Trade
3 cr. Undergraduate/Graduate.
Why countries trade; who wins, who loses; facts about world trade; political economy of trade. Balance of payments, Asian crisis, European Union, American wage dispersion.
Prerequisites: jr st; Econ 301(P).
Last Taught: Spring 2022.

ECON 455 International Finance
3 cr. Undergraduate/Graduate.
International monetary system; spot and foreign exchange markets; balance of payments; international adjustment mechanisms; international finance policy; history and institution.
Prerequisites: jr st; Econ 302(P).
Last Taught: Fall 2021.

ECON 455G International Finance
3 cr. Undergraduate/Graduate.
International monetary system; spot and foreign exchange markets; balance of payments; international adjustment mechanisms; international finance policy; history and institution.
Prerequisites: jr st; Econ 302(P).
Last Taught: Fall 2021.

ECON 458 Selected Topics in Economics:
3 cr. Undergraduate/Graduate.
Variable content course designed to focus on special topics not normally discussed in detail in other existing courses.
Prerequisites: jr st & cons instr.
Course Rules: May be retaken w/chg in topic.
Last Taught: Spring 2022.

ECON 458G Selected Topics in Economics:
3 cr. Undergraduate/Graduate.
Variable content course designed to focus on special topics not normally discussed in detail in other existing courses.
Prerequisites: jr st & cons instr.
Course Rules: May be retaken w/chg in topic.
Last Taught: Spring 2022.

ECON 489 Internship in Economics, Upper Division
1-6 cr. Undergraduate.
Application of advanced principles of economics in a business, organizational, educational, political, or other appropriate setting.
Prerequisites: jr st; 300-level or above course in Econ; 2.25 gpa; cons supervising faculty member.
Course Rules: One cr granted for academic work based on 40 hrs in the Internship. May be retaken to 6 cr max.
Last Taught: Summer 2022, Spring 2022, Fall 2021, Spring 2021.

ECON 497 Study Abroad:
1-12 cr. Undergraduate/Graduate.
Designed to enroll students in UWM sponsored program before course work level, content, and credits are determined and/or in specially prepared program course work.
Prerequisites: jr st; acceptance in Study Abroad Prog.
Course Rules: May be retaken w/chg in topic.
Last Taught: Fall 2019, Spring 2019.

ECON 497G Study Abroad:
1-12 cr. Undergraduate/Graduate.
Designed to enroll students in UWM sponsored program before course work level, content, and credits are determined and/or in specially prepared program course work.
Prerequisites: jr st; acceptance in Study Abroad Prog.
Course Rules: May be retaken w/chg in topic.
Last Taught: Fall 2019, Spring 2019.

ECON 499 Ad Hoc:
1-6 cr. Undergraduate.
Course created expressly for offering in a specified enrollment period. Requires only dept & assoc dean approval. In exceptional circumstances, can be offered in one add'l sem.
Prerequisites: jr st; add'l prereqs may be assigned to specific topic.
Course Rules: May be retaken w/chg in topic.
Last Taught: Fall 2002, Fall 1993.

ECON 506 Mathematical Economics I
3 cr. Undergraduate/Graduate.
Mathematical techniques used in economic analysis, including calculus and matrix algebra. Applications include optimizing behavior of firms and consumers.
Prerequisites: jr st; Econ 301(P); Math 211(P) & cons instr, or Math 231(P). Math 232(R) & 233(R).
Last Taught: Fall 2021.

ECON 506G Mathematical Economics I
3 cr. Undergraduate/Graduate.
Mathematical techniques used in economic analysis, including calculus and matrix algebra. Applications include optimizing behavior of firms and consumers.
Prerequisites: jr st; Econ 301(P); Math 211(P) & cons instr, or Math 231(P). Math 232(R) & 233(R).
Last Taught: Fall 2021.

ECON 513 Introduction to Econometrics
3 cr. Undergraduate/Graduate.
Multiple regression, generalized least squares, specification analysis, multicollinearity, multiple equations including simultaneous equations.
Prerequisites: jr st; Econ 413(P).
Last Taught: Spring 2017, Spring 2015.

ECON 513G Introduction to Econometrics
3 cr. Undergraduate/Graduate.
Multiple regression, generalized least squares, specification analysis, multicollinearity, multiple equations including simultaneous equations.
Prerequisites: jr st; Econ 413(P).
Last Taught: Spring 2017, Spring 2015.

ECON 525 The Economics of Water
3 cr. Undergraduate/Graduate.
Comprehensive development of water resource economics for engineers, scientists, and economists; analysis of the public and private sector economics of water resources.
Prerequisites: jr st; Econ 103(P); Math 231(P); a statistics course; or cons instr.

ECON 525G The Economics of Water
3 cr. Undergraduate/Graduate.
Comprehensive development of water resource economics for engineers, scientists, and economists; analysis of the public and private sector economics of water resources.
Prerequisites: jr st; Econ 103(P); Math 231(P); a statistics course; or cons instr.

ECON 606 Mathematical Economics II
3 cr. Undergraduate/Graduate.
Difference and differential equations applied to economic variables such as human capital, consumption, learning, energy use, and pollution. Essential preparation for graduate work.
Prerequisites: jr st; Econ 506(P).
Last Taught: Spring 2022, Spring 2021.

ECON 606G Mathematical Economics II
3 cr. Undergraduate/Graduate.
Difference and differential equations applied to economic variables such as human capital, consumption, learning, energy use, and pollution. Essential preparation for graduate work.
Prerequisites: jr st; Econ 506(P).
Last Taught: Spring 2022, Spring 2021.

ECON 699 Independent Work
1-3 cr. Undergraduate.
Prerequisites: jr st, 2.0 GPA; consent of instructor, Department Chair, and Assistant Dean for Student Academic Services.
Course Rules: May be retaken with change in topic.
Last Taught: Summer 2022, Spring 2022, Fall 2021, Summer 2021.