Economics
Students enrolling in School of Management courses are expected to have completed the necessary prerequisites for each course.
A per semester student computing facility user fee will be assessed for students enrolling in one or more School of Management courses (AIS, ACCT, BA and ECON) except ECON F100X. This fee is in addition to any materials fees. Please see the class schedule for details.
ECON F100X Political Economy (s)
3 Credits
Survey of the evolution and operation of the American domestic political economy with consideration of market failures and government responses. Review of major issues in political economy such as inflation, poverty and budget deficits. Exploration of linkages between American and global systems. Also available via Independent Learning. (Cross-listed with PS F100X.) (3+0)
ECON F111 Economics of Rural Alaska
3 Credits Offered As Demand Warrants
Basic economic concepts as they relate to issues and problems of contemporary regional development in rural Alaska. Socioeconomic consequences of the introduction of new technologies, modern economic intra-structures and corporate relationships to traditional, small scale communities. Special fees apply. (3+0)
ECON F200 Principles of Economics (s)
4 Credits
Goals, incentives and outcomes of economic behavior with applications and illustrations from current issues: operation of markets for goods, services and factors of production; the behavior of firms and industries in different types of competition; and income distribution. The functioning and current problems of the aggregate economy, determination and analysis of aspects of international exchange. Also available via Independent Learning. Special fees apply. Prerequisites: MATH F107X or MATH F161X. (4+0+1)
ECON F227 Intermediate Statistics for Economics and Business
3 Credits
Extension of topics developed in STAT F200X. Development of statistical techniques and their application to economic and business problems. Simple and multiple regression and correlation, analysis of variance, forecasting techniques, quality control, nonparametric methods and decision theory. Special fees apply. Prerequisites: AIS F101 or equivalent; STAT F200X; or permission of instructor. (3+0)
ECON F235 Introduction to Natural Resource Economics (s)
3 Credits Offered Fall
Microeconomic principles and their application to natural resource issues. Topics include supply, demand, marginality, optimality, elementary production economics, economic rent and comparative advantage. These principles applied to agency budget allocation decisions, multiple use, resource valuation, conservation, market failure and public outdoor recreation problems. Special fees apply. (3+0)
ECON F237 The Alaskan Economy (s)
3 Credits Offered Spring
Economic problems in Alaska with analysis of historical trends and current patterns of economic growth; emphasis on present and future alternative economic policies and their potential impacts. Also available via Independent Learning. Special fees apply. (3+0)
ECON F321 Intermediate Microeconomics (s)
3 Credits Offered Fall or Spring
Analysis of demand and supply under various market forms, cost and theory of production, factor pricing and theory of distribution, and survey of welfare economics. Special fees apply. Prerequisites: ECON F200; MATH F262X or equivalent. (3+0)
ECON F322 Managerial Economics
3 Credits Offered Fall or Spring
Interpretation of economic data and applications of economic theory in business firms. Bridging the gap between theory and practice through empirical studies, cases and decision problems. Emphasis upon decision-making using analysis of research data. Special fees apply. Prerequisites: ECON F200 and MATH F262X or equivalent. (3+0)
ECON F324 Intermediate Macroeconomics (s)
3 Credits Offered Fall or Spring
Concepts and measurement of income, analysis of aggregate demand and supply and their relation to the level of prices, employment and economic growth. Special fees apply. Prerequisites: ECON F200. (3+0)
ECON F335O Intermediate Natural Resource Economics (s)
3 Credits Offered Fall or Spring
Extension of concepts developed in ECON F235, using a higher level of economic analysis. Topics include welfare economics and economic efficiency concepts, benefit/cost analysis, resource allocation over time, resource taxation, common property problems, externalities, public goods, valuation of non-market resources, and land use planning issues. Special fees apply. Prerequisites: COMM F131X or COMM F141X; ECON F200 or ECON F235; MATH F262X or equivalent. (3+0)
ECON F350 Money and Banking (s)
3 Credits Offered Fall or Spring
The liquid wealth system in the United States, including the commercial banking system, the Federal Reserve System and nonbank financial institutions; the regulation of money and credit and its impact on macroeconomic policy objectives. Also available via Independent Learning. Special fees apply. Prerequisites: ECON F200. (3+0)
ECON F351 Public Finance (s)
3 Credits Offered Fall Odd-numbered Years
Economic justifications for government; federal, state and local government, taxation, spending and debt; their effects on allocation, distribution, stabilization and growth. Special fees apply. Prerequisites: ECON F200. (3+0)
ECON F420W Labor Markets and Public Policy (s)
3 Credits Offered Spring Odd-numbered Years
Application of labor market analysis and wage theory as they relate to public policy issues. Topics include determination of wages, taxation and employment, economic impact of unions, economics of discrimination, and issues relating to women's and minorities' changing roles in the labor market. Special fees apply. Prerequisites: ECON F200; ENGL F111X; ENGL F211X or ENGL F213X; or permission of instructor. (3+0)
ECON F434W Environmental Economics
3 Credits Offered Spring Odd-numbered Years
An extension of concepts introduced in ECON F235, using a higher level of economic analysis. An analysis of the economic forces involved in environmental degradation, preservation and regulation. Topics include pollution, biodiversity, wilderness and climatic change. Special fees apply. Prerequisites: ECON F200 or ECON F235; ENGL F111X; ENGL F211X or ENGL F213X; or permission of instructor; MATH F262X or equivalent. (3+0)
ECON F439W Energy Economics (s)
3 Credits Offered Fall Odd-numbered Years
Market forces and institutions affecting the allocation of energy resources. Special attention to intertemporal allocative decisions and the role that public policy plays in influencing the rate at which energy resources are used over time. Special fees apply. Prerequisites: ECON F200 or ECON F235; ENGL F111X; ENGL F211X or ENGL F213X; or permission of instructor. (Stacked with ECON F639.) (3+0)
ECON F451W Public Expenditure Analysis
3 Credits Offered Spring Odd-numbered Years
Purposes and economic effects of governmental expenditures, budgeting techniques, and their effects on resource allocation. Special fees apply. Prerequisites: ECON F200; ENGL F111X; ENGL F211X or ENGL F213X or permission of instructor; MATH F262X or equivalent. (3+0)
ECON F463W International Economics (s)
3 Credits Offered Fall or Spring
Pure theory of international trade: comparative cost, terms of trade, and factor movements. International disequilibrium: balance of payments and its impact on national economy, capital movement and economic development through international trade. Special fees apply. Prerequisites: ECON F200; ENGL F111X; ENGL F211X or F213X; or permission of instructor; MATH F262X or equivalent. (3+0)
ECON F601 Microeconomic Theory I
3 Credits Offered Fall
Analysis of consumer and producer theory, price determination and welfare economics. Special fees apply. Prerequisites: ECON F321 or equivalent; MATH F200X or equivalent; graduate standing; or permission of instructor. (3+0)
ECON F602 Economic Modeling
3 Credits Offered Fall
A hands on approach to applied microeconomics and resource modeling. Students extend their training in economic theory and econometrics to model real life problems in the areas of renewable and exhaustible resources, non-market valuation and environmental economics. Special emphasis will be given to the use of econometric analyses. Special fees apply. Prerequisites: ECON F601; ECON F626 or equivalent; graduate standing; or permission of instructor. (3+0)
ECON F603 Macroeconomic Theory I
3 Credits Offered Spring
Analysis of the underlying causes of unemployment, economic instability, inflation and economic growth. Special fees apply. Prerequisites: ECON F321 or equivalent; ECON F324 or equivalent; MATH F200X or equivalent; graduate standing; or permission of instructor. (3+0)
ECON F613 Resilience Internship
2 Credits
Students of the Resilience and Adaptation Program participate in internships to broaden their interdisciplinary training, develop new research tools and build expertise outside their home disciplines. Internships are eight to ten weeks of full time commitment and take place during the student's first summer in the program. In the autumn students meet to discuss their internship experiences and make public presentations. Special fees apply. Prerequisites: ANTH/BIOL/ECON/NRM F667; ANTH/BIOL/ECON/NRM F668; or permission of instructor. (Cross-listed with ANTH F617; BIOL F613; NRM F613.) (2+0)
ECON F621 Fundamentals of Economics
3 Credits Offered Fall or Spring
Analysis of demand and supply under various market forms, cost and theory of production, factor pricing and theory of distribution and survey of welfare economics. Special fees apply. Prerequisites: ECON F200 or equivalent; MATH F262X or equivalent and graduate standing; or permission of instructor. (3+0)
ECON F623 Mathematical Economics
3 Credits Offered Fall
Mathematical techniques including matrix algebra, differential and integral calculus. Particular attention is given to static and comparative statics analysis and dynamic models. Special fees apply. Prerequisites: MATH F200X or equivalent; graduate standing or permission of instructor. (3+0)
ECON F626 Econometrics
3 Credits Offered Spring
Introduction to econometric theory. Single equation and multiple equation system estimation, including inference and hypothesis testing and results of assumption violation. Special fees apply. Prerequisites: ECON F227 or equivalent; MATH F200X or equivalent; STAT F401; graduate standing; or permission of instructor. (3+0)
ECON F627 Advanced Econometrics
3 Credits Offered Fall
Advanced Econometrics is the second graduate econometrics course in the Ph.D. in Resource Economic program. This course builds upon the theoretical and empirical tools developed in ECON F626. Large sample theory and the Maximum Likelihood estimation theory are covered. Limited dependent variable models widely used in applied microeconometric modeling are developed and extended. Univariate and multivariate time series modeling and forecasting is developed. Special fees apply. Prerequisites: ECON F626 or equivalent; graduate standing; or permission of instructor. (3+0)
ECON F635 Renewable Resource Economics
3 Credits Offered Fall
The theory, methods of analysis and current literature of natural resource economics and policy for fisheries, forests and wildlife. Topics include externalities, property rights, public goods, benefit-cost analysis, amenity values and other non-market resource services, and environmental policy. Special fees apply. Prerequisites: ECON F321; ECON F335 or equivalent; MATH F200X or equivalent; graduate standing; or permission of instructor. (3+0)
ECON F636 Non-Renewable Resource Economics
3 Credits Offered Spring
Exploration of issues relating to the mineral and energy markets. The analysis of energy and mineral use over time, capital investment problems and world market dynamics are explored. Topics include futures markets, present value, energy value and entropy. Special fees apply. Prerequisites: ECON F321; ECON F335 or equivalent; MATH F200X or equivalent; graduate standing; or permission of instructor. (3+0)
ECON F637 Natural Resource Policy
3 Credits Offered Fall Even-numbered Years
Resource policy issues development and implementation including forestry, mining, fisheries, oil, wildlife and other topics as demand warrants. Focus on policy issues involved in management of Alaska's resources. Special fees apply. Prerequisites: Graduate standing or permission of instructor. (Cross-listed with NRM F637.) (3+0)
ECON F639 Energy Economics
3 Credits Offered Fall Odd-numbered Years
Market forces and institutions affecting the allocation of energy resources. Special attention to intertemporal allocative decisions and the role that public policy plays in influencing the rate at which energy resources are used over time. Special fees apply. Prerequisites: ECON F200 or ECON F235; graduate standing; or permission of instructor. (Stacked with ECON F439.) (3+0)
ECON F647 Regional Sustainability
3 Credits Offered Fall
Explores the basic principles that govern resilience and change of ecological and social systems. The principles are applied at the level of populations, communities, regions and the globe. Working within and across each of these scales, students address the processes that influence ecological, cultural and economic sustainability, with an emphasis on Alaska examples. Special fees apply. Prerequisites: Graduate standing in a natural science, social science, humanities or interdisciplinary program at UAF, or permission of instructor. (Cross-listed with ANTH F647; BIOL F647; NRM F647.) (3+0)
ECON F648 Integrative Modeling of Natural and Social Systems
4 Credits Offered Fall
Provides a modeling approach to structuring knowledge from natural and social scientific disciplines so that relevant aspects of a complex societal problem are considered for the purpose of making management and policy decisions. The course is designed to help graduate students use models to integrate understanding about interactions among natural and social systems for the purpose of managing biological and human resources. Special fees apply. Prerequisites: STAT F200X or equivalent; graduate standing in a natural science, social science, humanities or interdisciplinary program at UAF or another university, or permission of instructor. The course is designed to fit into the sequence of the Resilience and Adaptation program's core courses. It is open to other graduate students interested in and prepared to conduct interdisciplinary studies relating to regional sustainability. Recommended: ANTH/BIOL/ECON/NRM F647. (Cross-listed with ANTH F648; BIOL F648; NRM F648.) (3+3)
ECON F649 Integrated Assessment and Adaptive Management
3 Credits Offered Spring
Interdisciplinary exploration of theoretical and practical considerations of integrated assessment and adaptive management. Students survey concepts important in understanding societal and professional-level decision-making. Students work as individuals and as a team to undertake case studies with relevance to integrated assessment and adaptive management. Collectively, the class builds a portfolio of cases and conducts an integrated assessment. Note: In case of enrollment limit, priority will be given to graduate students in the Resilience and Adaptation Program in order for them to be able to meet their core requirement. Special fees apply. Prerequisites: Graduate student standing in a natural science, social science, humanities or interdisciplinary program at UAF or another university, or permission of instructor. The course is designed to fit into the sequence of the Resilience and Adaptation program's core courses. It is open to other graduate students interested in and prepared to conduct interdisciplinary studies relating to sustainability. Recommended: ANTH/BIOL/ECON/NRM F647; ANTH/BIOL/ECON/NRM F648 and ANTH/BIOL/ECON/NRM F667 previously or concurrently. In case of enrollment limits, priority will be given to graduate students in the Resilience and Adaptation program in order for them to be able to meet their core requirements. (Cross-listed with ANTH F649; BIOL F649; NRM F649.) (3+0)
ECON F667 Resilience Seminar I
1 Credit Offered Fall
Provides a forum for new students of the Resilience and Adaptation graduate program to explore issues of interdisciplinary research that are relevant to sustainability. A considerable portion of the seminar is student-directed, with students assuming leadership in planning seminar activities with the instructor. Graded Pass/Fail. Special fees apply. Prerequisites: Must be enrolled in Resilience and Adaptation graduate program or have permission of instructor. Recommended: ANTH/BIOL/ECON/NRM F647 taken concurrently. (Cross-listed with ANTH F667; BIOL F667; NRM F667.) (2+0)
ECON F668 Resilience Seminar II
1 Credit Offered Spring
Provides a forum for new students of the Resilience and Adaptation graduate program to explore issues of interdisciplinary research that are relevant to sustainability. The seminar provides support to each student planning his/her summer internship and preparing and presenting a thesis research prospectus. Graded Pass/Fail. Special fees apply. Prerequisites: ANTH/BIOL/ECON/NRM F647; ANTH/BIOL/ECON/NRM F667 or permission of instructor. (Cross-listed with ANTH F668; BIOL F668; NRM F668.) (2+0)
ECON F670 Seminar in Research Methodology
1 Credit Offered Spring
Philosophy of research and importance of the scientific method to solution of research problems. Graded Pass/Fail. Special fees apply. Prerequisites: Graduate standing. (1+0)