Economics Courses

FE220 Accounting (3-0-3). An introductory course in the basic principles of accounting. Cannot be taken for humanities/social science credit. Prereq: none. [fall, spring]

FE301 Financial Analysis (3-0-3). A study of the theory and techniques of financial analysis applied in the federal government and industry. Prereq: FE210. [fall, spring]

FE310 Economic Geography (3-0-3). Provides a systematic understanding of economic growth and the issue of finite limits to improved living standards around the world. Studies population growth, the resources of the principal nations of the world, industry location, international trade, commodity cartels and the requirements for continued technological advances. Prereq: FE210 or permission of chair. [fall, spring]

FE311 History of Economic Thought (3-0-3). Traces the evolution of economic doctrine from the ancients to modern day with emphasis on the period since the 18th century. Reviews the contributions to economic knowledge by Smith, Malthus, Ricardo, Marx, Mill, Marshall, Keynes and others. Various schools of thought, including mercantilism, classical, neo-classical, historical, institutionalism and Keynesianism are examined. Prereq: FE210. [spring]

FE314 International Trade Policy (3-0-3). Study of trade policy and the institutions that shape trade policy; among topics covered are exchange rate regimes; role of the World Bank and IMF; trade intervention in the form of tarriffs, quotas, voluntary exchange restraints and anti-dumping duties; multilateral free trade agreements and regional trade agreements such as NAFTA, APEC and the European Union. Prereq: FE210 or FP210. [spring]

FE315 Economics of Developing Nations (3-0-3). Study of the economic characteristics, problems and policies of developing nations, covering economic growth patterns in Third World nations, their changing role in the international economic order and the different economic routes being employed toward economic progress. Prereq: FE210. [spring]

FE320 Cost Accounting (3-0-3). A study of concepts and techniques of cost accounting. Primarily concerned with the derivation of production cost arising from materials, labor, services employed and overhead. Cannot be taken for HUM/SS credit. Not offered every year. Prereq: FE220.

FE321 Comparative Economic Systems and Transitional Economies (3-0-3). The study of the structure and performance of alternative forms of economic organization - capitalist, socialist/communist and mixed systems, and the study of the conversion of socialist systems to capitalism with particular focus on eastern European countries and the former Soviet republics. Not offered every year. Prereq: FE210.

FE331 Economic Statistics (2-2-3). Survey of descriptive and inferential statistical techniques involving more than one variable. Strong emphasis on regression analysis and use of computers. Prereq: FE210 and SM230 or SM239. [fall, spring]

FE334 Financial Markets and Institutions (3-0-3). A study of financial institutions and instruments covering their development and role within the economy and financial system. The forces creating the rapid changes of financial institutions and instruments in the 1980s and 1990s are explored, as well as the regulation of financial institutions and markets. Prereq: FE210 or permission of chair. [fall]

FE335 Economics of National Defense (3-0-3). The application of economic analysis to defense decision-making and the consequences of defense decisions for weapons; volunteers vs. conscription; leaders vs. resource managers; competitive vs. monopoly contractors; pay vs. non-pay factors in reenlistment. Prereq: FE210 or permission of chair. [fall, spring]

FE337 Economics of the Defense Industrial Base (3-0-3). Application of economic principles to issues relating to military procurement and contracting, conversion of military industrial capacity to peacetime uses, wartime mobilization of industrial capacity, strategic stockpiling and economic warfare. Prereq: FE210. [spring]

FE341 Microeconomics (3-0-3). Theories of the economic behavior of consumers and producers, the determination of final good and factor prices, market structures and general economic equilibrium. The application of price theory to business problems and public-policy issues. Prereq: FE210. [fall, spring]

FE342 Economic Methods for Engineers (3-0-3). Application of microeconomic principles and analytical tools to the costing of investment projects in both private and public/military contexts. Prereq: FE210. [spring]

FE345 Environmental Economics (3-0-3). Economic evaluation of policies involving conflicting public and private uses of natural resources. Topics include environmental benefit and cost measurement, causes and consequences of pollution, management of depletable and renewable resources and the economics of energy. Not offered every year. Prereq: FE210.

FE354 Development of the U.S. Economy (3-0-3). Economic theory is used to analyze the evolution of the U.S. economy; among topics considered are the American Revolution, westward expansion, slavery, industrialization, market concentration and the Great Depression. Prereq: FE210 or permission of chair. [fall]

FE361 Urban Economics (3-0-3). Study of economic growth and structure, and economic problems of cities, with attention to poverty, transportation, housing and racial discrimination. Not offered every year. Prereq: FE210.

FE362 The Economics of Technology (3-0-3). An analysis of productivity growth, characteristics of invention and innovation, determinants of research and development activities of government and business; the economic impact of automation and reindustrialization. Not offered every year Prereq: FE210.

FE365 Macroeconomics (3-2-4).  A course on the theories of the aggregate level of income, employment and the price level.  Includes discussion of determinants of economic growth, the interaction of the domestic economy with the world economy, and the formulation and impact of monetary and fiscal policy.  Laboratories involve work with a large macroeconomic model.  Prereq: FE210. [fall, spring]

FE400 Advanced Microeconomic Theory (3-2-4). Advanced topics in modern microeconomics with particular emphasis on dynamic analysis, the role of risk and uncertainty in economic decision making, general equilibrium analysis and welfare economics. Prereq: FE331, FE341 and FE412 or FE422 or FE431 or FE434 or FE460. [fall, spring]

FE401 Quantitative Economic Techniques (3-0-3). Quantitative approach to theoretical and applied economic problems. Methods taught include order quantity models, linear programming, network models, microeconomic resource allocations, macroeconomic models, life cycle cost problems and cost-benefit analysis. Not offered every year. Prereq: FE341.

FE405 Advanced Macroeconomic Theory (3-2-4). Advanced topics in modern macroeconomics, including new classical, new Keynesian and expectation formation models. Introduction to macro dynamics, business cycle and growth models. Emphasis on empirical macro models. Prereq: FE365, FE331, FE341 and FE412 or FE422, or FE431 or FE434 or FE460. [spring]

FE412 International Trade and Finance (3-0-3). A rigorous examination of current international issues in a theoretical and empirical framework. Topics include motivations for trade; trade versus protectionism; the multinational enterprise; exchange rate issues and the international monetary systems, and the role of the International Monetary Fund and World Bank. Prereq: FE365 or FE341. [fall]

FE422 Labor Economics (3-0-3). A study of the distribution of income with emphasis on the demand for and supply of labor services; the choice-theoretic behavior of firms and individuals in the determination of wages and the employment level. Topics analyzed include human capital theory, occupational choice, the unemployment-inflation relationship and the wage effects of discrimination and unions. Prereq: FE341. [fall]

FE431 Public Finance (3-0-3). The use of government expenditures and taxation in a market economy to change the allocation of resources and to modify the distribution of income. Examination of the economic effect of government budgetary policy. Microeconomic theory and federal tax and budgetary institutions are emphasized. Prereq: FE341. [fall]

FE434 Money and Banking (3-0-3). A consideration of central and commercial banking institutions; an investigation of the demand for money and its role as a focal point for monetary policies designed to obtain full employment, price stability and international monetary equilibrium. Prereq: FE365. [spring]

FE445 Econometrics (3-0-3). Quantification of basic economic theory; multiple regression, correlation and identification techniques for the construction and testing of economic models and a study of selected alternative models of particular economic interest. Prereq: FE331 or SM339, FE341 and SM122 or SM162. [fall, spring]

FE460 Public Policies Toward Business (3-0-3). An examination of public regulation of private enterprise in the U.S. with emphasis on the rationale for and application of antitrust policy and direct regulation. Prereq: FE341. [spring]

FE475 Research Seminar (3-0-3). Directed research on a specific topic; capstone to economics major. Emphasis on empirical work using computers. Prereq: 1/C FEC major. [spring]

FE500 Honors Research Seminar I (2-0-2). Examination of techniques and methodology of social science research; students will choose topics for development in FE506. Prereq: 1/C FECH major.[fall]

FE506 Honors Research Seminar II (3-2-4). Directed independent research on topics chosen in FE500. Emphasis on empirical work using microcomputers. Prereq: 1/C FECH major. [spring]

Office of the Academic Dean & Provost Associate Dean for Academic Affairs Frederic I. Davis Comments to: fid@nadn.navy.mil

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