Pitt-Johnstown Economics

ECON 0105 Introduction to Microeconomic Theory

Uses basic economic principles to explain how markets work, how firms and consumers make decisions, how they interact in product and factor markets, and how these markets determine prices, output, wages, and profits. These principles are also used to analyze issues of current concern in public policy and to decide whether, when, and how government should intervene in the operation of the market. 3 Credits


ECON 0115 Introduction to Macroeconomic Theory

Applies the basic principles of economics to the problems of instability associated with business cycles, unemployment, and inflation as well as the problem of economic growth and examines the role of government in promoting stability and economic growth. 3 Credits

ECON 0231 Public Finance

Applies basic economic principles to determine the economic effects of government taxing and spending decisions. Develops the student's ability to analyze issues and recognize the value judgments that lie behind public policy debates. Analyzes tax incidence, the excess burden (or deadweight loss of taxation), and the trade-off between equity and efficiency. Prerequisite: ECON 0105. 3 Credits

ECON 0281 Introduction to Money and Banking

Covers the role of money and financial intermediaries in the U.S. economy and examines what role government has played and should play as regulator of the financial sector and money supply. Prerequisite: ECON 0115. 3 Credits

ECON 0401 Labor and the Economy

An introductory survey of contemporary labor market developments and issues. Readings and lectures emphasize an analytical approach supplemented by historical and institutional applications. Prerequisite: ECON 0105. 3 Credits

ECON 0501 Introduction to International Economics

An introduction to the basic issues of international economics and to the historical evolution and institutional structure of the international economy. Topics include mercantilism, comparative advantage as a basis for trade, the impact of trade on income distribution, the evolution of the international financial system, and the working of the international gold standard. Prerequisite: ECON 0105. 3 Credits

ECON 1011 American Economic History

A survey of American economic growth from Colonial times to the New Deal and beyond. Particular attention is paid to economic policy. Topics include mercantilism and the origins of the Revolution, the economic dimension of the Constitution, Jacksonian democracy and the Bank War, the economics of slavery, the Civil War and Reconstruction, tariff policy and industrialization, populism and progressivism, and the business cycle in historical perspective. Prerequisite: ECON 0105 or ECON 0115. 3 Credits

ECON 1101 Intermediate Microeconomics

An in-depth examination of price theory. Topics include theories of consumer behavior, production theory, the theory of the firm and market behavior, income distribution theory, and general equilibrium theory. Prerequisites:ECON 0105, MATH 0121 or MATH 0221. 3 Credits

ECON 1111 Intermediate Macroeconomics

A rigorous treatment of macroeconomic problems such as the business cycle, inflation, and unemployment. Topics include the microeconomic foundation of aggregate consumption and savings behavior, equilibrium and disequilibrium models of the macroeconomy, rational expectations and real business cycles, cycle models, and growth theory. Prerequisites: ECON 0105, MATH 0121 or 0221 or 0231. 3 Credits

ECON 1141 Economic Forecasting

Regression and time series techniques applied to forecasting financial and macroeconomic variables such as interest rates, exchange rates, stock prices, gross domestic product (GDP), inflation, and unemployment rates. Prerequisite: STAT 1040. 3 Credits

ECON 1151 Financial Economics  

Studies in valuation of corporate stocks using fundamental and psychological methods, measurement of risk, and technical analysis. Prerequisites: ECON 0115, STAT 1040. 3 Credits

ECON 1370 Economics and the Environment

Examines the relationship between the economy and the environment, broadly defined. The theory of externalities and the role of property rights are emphasized in developing a framework for evaluating public policy proposals affecting the environment. Prerequisite: ECON 0105. 3 Credits

ECON 1471 Law and Economics

This course examines the law and legal rules from an economic perspective and applies economic reasoning to a number of legal topics such as property rights, contracts, torts, the efficiency of the common law, and crime. Prerequisite: ECON 0105. 3 Credits

ECON 1800 Directed Reading

Students must undertake a specified course of study, comparable in content to a special topics course, under the direct supervision of a faculty member. Students must write a paper (or papers) using economic analysis to demonstrate their understanding of the problem and the principles involved in solving it. Must have senior status to enroll. 1-6 Credits

ECON 1810 Special Topics

Current topics of particular interest to economics majors are discussed and analyzed in a seminar-style format. Must have senior status to enroll. 3 Credits

ECON 1830 Independent Study

Students must undertake a defined task of research under the direct supervision of a faculty member, the fruits of which are embodied in a thesis, extended paper, or other appropriate form. Must have senior status to enroll. 1-6 Credits