Senate Document #3
October 17, 1985
APC Doc. # 2

APC Proposals RE Curriculum Revisions for the Department of Economics:

Economics 406 has been offered in prior years as a Special Topic and
has proven appropriate for Program B.  Economics 491 reflects a
revision of the Department's requirements for the Senior
Demonstration of competency and emphasis on policy applications of
theory during the Senior year of the major. Students could not
repeat 491 for major credit.  Economics 491 and Economics 490 would
normally be taken during the same semester, however, we request
permission to allow students to split the courses between two
semesters when academic and work schedules require. 


1. Request for a new Economics Course

	Title:  ECONOMICS 406 Seminar in Financial Economics (3 
        credit hours)

	Description:  An application of financial theory to case
        problems. Issues include leasing decisions, capital
        budgeting, stock vs. bond financing, and financial
        forecasting. 

	Prerequisites:  ECONOMICS 306 or equivalent background 

	Rationale:  This would be a capstone course in the Money and
        Finance tract.  At present, no course which applies
        financial theory exists in our curriculum (though it is
        common at other schools). 

2.  Request for a new Economics Course

	Title:  ECONOMICS 491  Directed Research (1 credit)

	Description:  Supervised research in selected economic
        problems. Problems analyzed will be complementary to the
        students Research topic in Economics 490. 

	Prerequisite:  Senior Economics Major and permission of
        instructor. 

	Rationale:  This course fills a gap in the Senior
        Demonstration of Competency.  Students will examine policy
        issues from Micro and Macro economics plus issues from their
        chosen program of study.  The student will demonstrate competency
        in economics by appropriate use of economic theory,
        concepts, and reasoning to propose policy solutions to
        selected issues.  Each student will write on issues complementary   
        to their work in Economics 490 to provide a broader assessment
        of the student's knowledge and skills. 

	Catalog Changes:  Change for Programs A, B, C, D description:

	Under I add 491, and change 34 hours to 35 hours.

	Under IV add 491.

	For Program E:

	IV add Economics 491.

3.  Catalog Change

	Program B-Monetary Economics and Finance

	Change:  Required courses in the major - 35 hours, including 200, 201, 
        210, 215, 300, 301, 365, 490, 491 and either 406 or 410.  The student 
        must also choose two from 305, 306, 310, or 350.