1980-81

                                SENATE DOCUMENT #3



                                 APC DOCUMENT #3 

                  Catalog Changes in the Department of Economics





        The Academic Policies Committee recommends to the Faculty Senate

        adoption of the following catalog changes for the Department of

        Economics:  





        1.  Add:  Econ 210: An Introduction to Financial Markets and

                            Institutions



            Description:  Topics include supply and demand of short and

            long-term sources and uses of funds; and problems financial

            institutions face coping with a changing economy.  



            Rationale:  The financial aspects of economics are becoming

            increasingly complex, in part, due to the expanding credit

            needs of businesses, consumers, and governments.  Consider, for

            example the proliferation of the Eurodollar markets, and the

            development of NOW accounts and money market mutual funds.

            This course is in response to this complexity and the growing

            importance of finance in economics.  



        2.  Add:  Econ 341:  Cost-Benefit Analysis 



            Description:  Introduction to techniques for evaluating

            government projects.  Topics include measurement of costs and

            benefits, and distributional consequences of policy.

            Interdisciplinary emphasis.  Energy and environmental examples. 



            Prerequisite:  EC 200 



            Rationale:  This course is in response to the Environmental

            Studies Program.  



        3.  Change of Course Title:  (p. 100) 



            Change from:  Econ 215:  Introduction to Financial Institutions

                                     and Monetary Theory



            To:  Econ 215:  Money and Banking



            Rationale:  Given the introduction of Econ 210 the new title

            reduces confusion and better reflects course content.  



        4.  Change of Course Number:  (p. 100) 



            Change from:  Econ 235 Economic Statistics and Econometrics 



            To:  Econ 365 Economic Statistics and Econometrics 



            Rationale:  The number change more accurately reflects the

            level of abstraction and difficulty of the course.  The junior

            year is when a course of this type is normally taken in most


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            undergraduate economics curriculums.  Our records indicate

            students seldom, if ever, take this course before the junior

            year and in most cases have completed Math 125 and 181 prior to

            enrollment.  



        5.  Change in program requirements (p. 98) 

            (Pending approval of #1 above) 



            Change the list of required courses for Monetary Economics and

            Finance From:  --"Students in this area take Economics 215,

            410, and two from Economics 305, 306, 310, 350.  The remaining

            three hours"-- 



            To:  --"Students in this area take Economics 210, 215, 410, and

            two from Economics 305, 306, 310, 350." 



            Rationale:  The introduction of Economics 210 allows a fuller

            development of this area of study with regard to the finance

            component and should be required of all students selecting the

            option.  See rationale for adding Economics 210.  



        Effective Date:  Fall, 1981 



                        (Passed by Faculty Senate 10/16/80)