Economics

Subject abbreviation: ECON College of Humanities, Arts, and Social Sciences

Aman Ullah, Ph.D., Chair Department Office, 4133 Sproul

• (951) 827-1470; economics.ucr.edu

Professors Richard Arnott, Ph.D. Taradas Bandyopadhyay, Ph.D. Marcelle Chauvet, Ph.D. Stephen E. Cullenberg, Ph.D. Anil B. Deolalikar, Ph.D. Gary A. Dymski, Ph.D. David H. Fairris, Ph.D. Mason Gaffney, Ph.D. Gloria González-Rivera, Ph.D. Jang-Ting Guo, Ph.D. Tae-Hwy Lee, Ph.D. Victor D. Lippit, Ph.D. David Malueg, Ph.D. Aman Ullah, Ph.D. Professors Emeriti Susan B. Carter, Ph.D. Ronald H. Chilcote, Ph.D. Keith B. Griffin, Ph.D. Azizur R. Khan, Ph.D. Prasanta K. Pattanaik, Ph.D. R. Robert Russell, Ph.D. Howard J. Sherman, Ph.D., Jur.D. Richard C. Sutch, Ph.D. Associate Professor Steven M. Helfand, Ph.D. Assistant Professors Jorge Agüero, Ph.D. Mindy Marks, Ph.D. Todd Sorensen, Ph.D. Ming Hon Suen, Ph.D. Victoria Umanskaya, Ph.D. ** Cooperating Faculty Kenneth A. Baerenklau, Ph.D. (Environmental Sciences) Linda Fernandez, Ph.D. (Environmental Sciences) Keith C. Knapp, Ph.D. (Environmental Sciences) Roger L. Ransom, Ph.D. (History) Kurt A. Schwabe, Ph.D. (Environmental Sciences) Henry J. Vaux, Jr., Ph.D. (Environmental Sciences)

Economics studies the production and distribu- tion of goods and services, as well as the way in which productive activity helps shape social existence. Economists are concerned with the factors determining national income, inflation, unemployment, output, growth and inequality (macroeconomics), as well as the behavior of individual decision-making units like house- holds and firms (microeconomics). Economists are also concerned with the role of markets, money and interest rates, the forces affecting international trade, and many other problems of production and distribution.

Economics is the basis for many careers, some of which require only a B.A. degree while others require more advanced work. Possible careers include business, government, education and law.

The B.A. is the most general degree offered in economics. It is appropriate background for a wide variety of purposes, including graduate study and professional schools. However, those planning to attend a graduate program in eco- nomics may need more quantitative training than the B.A. requires. Students who are con- sidering attending a graduate program in eco- nomics should consult with their undergradu- ate advisor. The Business Economics B.A. degree provides more specific preparation for careers in business administration or manage- ment or for graduate work in business.

See Undergraduate Studies section.

See College of Humanities, Arts, and Social Sciences, Colleges and Programs section.

MATH 009A and MATH 009B may also be used to meet breadth requirements. Economics / 227

The Economics Department offers B.A. degrees in Economics, Business Economics, Econom- ics/Administrative Studies, and Economics/ Law and Society.

Economics Major The major requirements for the B.A. degree in Economics are as follows:

• 1. Lower-division requirements (4 courses [at

least 16 units])

• a) ECON 002, ECON 003

• b) MATH 008B or MATH 009A or MATH 09HA, MATH 009B

• 2. Upper-division requirements (12 courses

[at least 48 units])

• a) ECON 104A, ECON 104B

• b) ECON 105A, ECON 105B

• c) One course chosen from ECON 123/

HISA 123, ECON 124, or ECON 125

• d) ECON 101 and ECON 107

• e) Five additional upper-division courses in

Economics worth 4 or 5 units each, including at least three that have either ECON 104A or ECON 105A or ECON 107 as a prerequisite. Two 2-unit courses can satisfy one 4- or 5-unit course.

Note Up to 4 units of internship credit may be counted toward the upper-division electives in Economics.

Business Economics Major The major requirements for a B.A. degree in Business Economics are as follows:

• 1. Lower-division requirements (five courses [at

least 20 units])

• a) ECON 002, ECON 003

• b) BUS 020

• c) MATH 008B or MATH 009A or MATH 09HA, MATH 009B

• 2. Upper-division requirements (12 courses

[at least 48 units])

• a) ECON 104A, ECON 104B

• b) ECON 105A, ECON 105B

• c) ECON 101 and ECON 107

• d) Five additional upper-division courses in

Economics worth 4 or 5 units each, including at least two courses from ECON 108, ECON 130, ECON 135, BUS 153/ECON 153, BUS 160/ ECON 160, BUS 162/ECON 162, ECON 163. Two 2-unit courses can satisfy one 4- or 5-unit elective course.

• e) One course chosen from POSC 182,

PSYC 142, SOC 151

Note Up to 4 units of internship credit may be counted toward the upper-division electives in Business Economics. Economics/Administrative Studies Major In order to receive a B.A. degree in Economics/ Administrative Studies students must fulfill the following requirements:

Economics requirements (12 courses, 48 units)

• 1. ECON 002, ECON 003

• 2. ECON 104A, ECON 104B, ECON 105A

• 3. Five additional upper-division courses in

Economics worth 4 or 5 units each, includ- ing at least two that have either ECON 104A or ECON 105A or ECON 107 as a prerequisite. ECON 107 may be chosen as an advanced elective. Two 2-unit courses can satisfy one 4-unit course.

• 4. ECON 101

• 5. One of MATH 008B, MATH 009A, MATH

0209HA, or equivalent

Note Up to 4 units of internship credit may be counted toward the upper-division electives in Economics.

Administrative Studies requirements (37 units)

• 1. Lower-division courses (17 units)

• a) BUS 010, BUS 020

• b) STAT 048 or equivalent (may be used to

satisfy breadth requirements)

• c) CS 008 (may be used to satisfy breadth

requirements)

• 2. Upper-division requirements (20 units)

• a) Two courses (8 units) from the list below:

• (1) ECON 102 or ECON 104A or

ECON 162/BUS 162

• (2) PSYC 140 or PSYC 142

• (3) SOC 150 or SOC 151 or SOC 171

• (4) POSC 181 or POSC 182 or POSC 183

• (5) ANTH 127 or ANTH 131

These two courses must be outside the discipline of Economics and cannot be courses included as part of the three-course Business Administration track or their cross- listed equivalents.

• b) A three-course track (12 units) in

Business Administration courses from one of the following:

• (1) Organizations (General): BUS 100,

BUS 107, BUS 176/SOC 176, BUS 158/ANTH 105, SOC 150, SOC 151

• (2) Human Resources Management/

Labor Relations: BUS 100, BUS 107, 152/ECON 152, BUS 153/ECON 153, BUS 155, BUS 157, PSYC 142

• (3) Business and Society: BUS 102,

PHIL 116, POSC 182, POSC 186

• (4) Marketing: BUS 103, and two from

BUS 112, BUS 113, BUS 114, BUS 117

• (5) Managerial Accounting/Taxation:

BUS 108, and two from BUS 166, BUS 168A, BUS 168B

• (6) Financial Accounting: BUS 108,

BUS 165A, BUS 165B

• (7) Finance: BUS 106/ECON 134 and two

from BUS 135A, BUS 136, BUS 137, BUS 138, BUS 139

• (8) Management Information Systems:

BUS 101, BUS 171, BUS 173

• (9) Production Management:

BUS 104/STAT 104, and two from BUS 105, BUS 122, BUS 127/STAT 127

Note In filling the dual requirements of the major students may not count more than two courses toward both parts of their total requirements. (This limitation applies to specified Economics requirements and specified Administrative Studies requirements, but does not apply to the required Mathematics and Statistics courses.)

Economics/Law and Society Major The major requirements for the B.A. degree in Economics/Law and Society are as follows:

1. Economics requirements (11 courses [at least 44 units])

• a) ECON 002, ECON 003

• b) ECON 119

• c) ECON 104A, ECON 104B, ECON 105A

• d) Five additional upper-division courses in

Economics worth 4 or 5 units each, including at least two that have either ECON 104A or ECON 105A or ECON 107 as a prerequisite. ECON 107 may be chosen as an advanced elective. Two 2- unit courses can replace one 4- or 5-unit elective course.

Note Up to 4 units of internship credit may be counted toward the upper-division elec- tive courses in Economics.

2. Law and Society requirements (36 units)

• a) PHIL 007 or PHIL 007H

• b) LWSO 100

• c) One course chosen from ECON 111,

POSC 114, PSYC 012, SOC 004 (or equivalent course in research methods)

• d) Three courses chosen from ANTH 127,

ECON 119, HISE 153, PHIL 165, POSC 167, PSYC 175, SOC 159

• e) Two courses chosen from ENSC 174,

HISA 120A, HISA 120B, HISE 123, LWSO 175 (E-Z), PHIL 164, POSC 111, POSC 166, POSC 168, POSC 186, SOC 147, SOC 149, SOC 180

• f) LWSO 193, Senior Seminar

Note For sections 2.d) and 2.e) combined, not more than two courses may be taken from the same department. In filling the dual require- ments of the major, students may not count 228 / Programs and Courses

more than two courses toward both parts of their total requirements. (This limitation applies to specified Economics requirements and Law and Society requirements.)

The minor in Economics provides a back- ground in this discipline. Students take basic microeconomic and macroeconomic theory courses, and then are given freedom of choice in pursuing upper-division courses of great interest.

All candidates for the minor in Economics must take

• 1. Lower-division requirements (5-10 units):

ECON 004 or ECON 002, and ECON 003

• 2. Upper-division requirements (at least 26

units):

• a) ECON 102 or ECON 104A, ECON 103 or

ECON 105A

• b) Four additional upper-division courses

(at least 16 units) in Economics

See Minors under the College of Humanities, Arts, and Social Sciences in the Colleges and Programs section of this catalog for additional information on minors.