School of Humanities and Sciences

Economics Courses

ECON 11500 - Current Economic Issues 1 LA SS

The study of economic issues tied to selected topics, such as unemployment and inflation, budget deficits, health care reform, trade policy, poverty, discrimination and welfare reform, environmental pollution control policy, and energy policy. 3 credits. (IRR)

ECON 12100 - Principles of Macroeconomics 1 LA SS

Introduction to economics as a discipline and as an analytical approach to problem solving. Macroeconomics includes the following topics: production-possibilities frontiers, determination and measurement of national income, business cycles, money and banking, federal reserve system, fiscal and monetary policies, schools of economic thought, business organizations, taxation, social versus private goods, price levels, and applications to current economic problems. 3 credits. (S,Y)

ECON 12200 - Principles of Microeconomics 1 LA SS

Introduction to microeconomics, with topics such as determination of price by supply and demand, theory of consumer demand and utility, analysis of costs and supply, market structures and industry organization including monopoly, distribution of income, pricing of productive resources (wages, interest, profits, and rents), international economics, comparative economic systems, and applications to current economic problems. 3 credits. (F,Y)

ECON 21100 - Seminar in Economics LA SS

Can free markets be moral? How do financial scandals affect our economy and society? Are we willing to tolerate some level of scandal in order to enjoy the benefits of free markets? What can or should be done to curb the occurrence of financial scandals? These are some of the questions on which I hope to focus during the seminar. Readings will address basic philosophical questions, historical scandals, as well as contemporary ones such as the Martha Stewart and Conseco situations. Both fiction and nonfiction works will be included. In addition, we will try to incorporate a speaker from the U.S. Securities and Exchange Commission for their view on these issues. Pass/Fail 1 credit. (IRR) Washington Program.

ECON 22000 - Managerial Economics LA

The application of microeconomic theories to managerial decisions with respect to production, pricing, auction behavior, and market participation. Topics include pricing and strategy decision making in the context of auctions, perfect competition, and imperfect competition; production and cost considerations; how to influence competitor behavior; how to react to competitor behavior; understanding and applying marginal analysis (e.g., marginal cost, marginal revenue). Prerequisites: ECON 12100-12200. Not open to students who have earned credit for FINA 30100. 3 credits. (S)

ECON 26200 - Economics of Welfare Policies 1 LA SS

An investigation and critique of the present U.S. welfare system, leading to policy implications in the form of alternative systems that would be more cost effective. Economic criteria or optimality conditions provide the parameters for the critique. Social Security, AFDC, food coupons, housing programs, and the relationships between work incentives and welfare are analyzed. Alternatives, such as negative income tax and a restructured welfare system, are studied. Designed primarily for social work minors, but others are encouraged to enroll. Prerequisites: ECON 12200; one course in humanities, social sciences, or business. 3 credits. (S,Y)

ECON 27000 - The Economic Emergence of Women 1 H LA SS

Introduction to the economic issues and origins of women's new role in the economy. Topics include the economic impetus behind women's emergence, sex segregation on the job, the low wages of women, discrimination, the economics and policies of family care, and the industrialization of housework and child care. Prerequisites: ECON 12100 or ECON 12200; one course in humanities, social sciences, or business. 3 credits. (S,Y)

ECON 28100 - Environmental Economics 1 H LA SS

Introduction to the study of environmental problems with the perspective, analytical ideas, and methodology of economics. Emphasis is placed on the analysis of environmental policy. Topics include the relationship between economic activity and environmental quality, the role of economic analysis in environmental policy decisions, economic analysis of pollution control strategies, and economic analysis of environmental policy in both the United States and the international community. Prerequisites: ECON 12200. 3 credits. (S)

ECON 28800 - Selected Topics in Economics LA SS
ECON 28801 - Selected Topics in Economics LA SS

Topics will vary. May be repeated for credit for topics on different subjects. Prerequisites: ECON-12100 - ECON-12200 . 1-3 credit. (IRR)

ECON 29900 - Selected Topics in Economics LA
ECON 29901 - Selected Topics in Economics LA

The objective of this course is to provide an experiential arena for students who have taken Principles of Microeconomics to engage in economic analysis. Students run computerized firms, making decisions each day. A variety of market settings are used giving students an opportunity to apply economic theory of the firm covered in Principles of Microeconomics. At the end of the course, we will evaluate the performance of the experimental market from the perspective of the community, using normative tools of economic analysis.

Prerequisite: ECON-12200 Principles of Microeconomics

ECON 30100 - Labor Economics LA SS

Presents the economics of labor through concepts such as human capital or resources; factors of production; market forces; employed, unemployed, minority, majority, union, nonunion, theory, and evidence, and their relevance to public policy decisions. Prerequisites: ECON 12100-12200; two courses in humanities, social sciences, or business. 3 credits. (F,Y)

ECON 30400 - Economics of Health Care LA SS

Peculiar economic characteristics of the health care industry. Supply of and demand for health care services; causal and remedial forces of institutionalized frameworks, market mechanisms, and governmental intrusions. Analysis of pricing in terms of the above forces and productivity. Ideal economic characteristics of medical insurance, as contrasted with several proposals for national health insurance. Production for national health insurance. Production function, cost-effectiveness, and benefit-cost analysis. Cross-listed with HLTH 30400; students cannot receive credit for both ECON 30400 and HLTH 30400. Prerequisites: ECON 12100-12200; two courses in humanities, social sciences, or business. 3 credits. (F,Y)

ECON 31200 - Economic Development LA SS

Examination of economic change in developing countries. An evaluation of the goals of current development policy at national and international levels. Alternative models of the development process are analyzed and evaluated on the basis of how well the models actually performed in developing countries during the '60s, '70s, and '80s. Discussion of the feasibility of future policy options, given present internal political conditions and the current global economic climate. Different regions of the world are emphasized based on class interest. Prerequisites: ECON 12100-12200; two additional courses in humanities, social sciences, or business. 3 credits. (IRR)

ECON 32100 - Money and Banking LA SS

Descriptive and theoretical treatment of money, banking, and credit phenomena in the United States. Monetary media, monetary standards, credit instruments, commercial and central banking operations, organization and operation of the Federal Reserve System, international monetary mechanisms, monetary theory, and past and present monetary policies. Prerequisites: ECON 12100-12200; two courses in humanities, social sciences, or business. 3 credits. (F,Y)

ECON 32200 - Monetary Theory and Policy LA SS

Analysis of money and the monetary system in determining the level, composition, and growth of national income and the price level. Alternative theories of the supply and demand for money and the determination of interest rates. Appraisal of the impact of monetary policy on unemployment, inflation, and economic growth. Strategies of monetary policy management, including analysis of policy targets and indicators, and contemporary policy decision making. Comparison of monetary policy with other stabilization policies, including fiscal policy, incomes policies, and indexing. Prerequisites: ECON 32100 or FINA 20300. 3 credits. (S,Y)

ECON 32500 - Public Finance LA SS

Study of the public sector's policy in budgeting, taxing, and spending, and an analytical assessment of the impact of fiscal policy from the point of view of macroeconomic objectives and welfare criteria. Planning programming budgeting systems. Prerequisites: ECON 12100-12200; two courses in humanities, social sciences, or business. 3 credits. (S,Y)

ECON 33300 - Econometrics I LA SS

Statistical methods, simple and multiple regression analysis, and forecasting techniques applied to economic analysis. Exposure to statistical and econometric packages. Prerequisites: ECON12100; ECON12200; MATH14400, MATH24300, or MATH24400. 3 credits. (F,Y)

ECON 33400 - Econometrics II LA SS

Advanced topics in econometrics, including problems in regression (multicollinearity, autocorrelation, heteroscedasticity), tests of linear restrictions, dummy variables, distributed lags, and simultaneous-equation models. Exposure to econometric computer packages. Prerequisites: ECON 33300. 3 credits. (S,E)

ECON 34100 - Micro Analysis LA SS

Analysis of the allocation of resources, organization, and guidance of production, distribution of income, and regulation of consumption in a social economy, involving thorough consideration of the philosophy, language, concepts, measurement, and mathematics of the theories of demand, production, and markets for the firm. Not available to students who have taken ECON 34300. Prerequisites: ECON 12100-12200; two courses in the humanities, social sciences, or business. 3 credits. (F,Y)

ECON 34200 - Macro Analysis LA SS

Study of the concepts of wealth, output, and income; the process of saving and investment and its implications; the role of the government sector and of monetary policy; the theory of employment and output determination; and the problems caused by the requirement of economic growth. Not available to students who have taken ECON 34400. Prerequisites: ECON 12100-12200; two courses in the humanities, social sciences, or business. 3 credits. (S,Y)

ECON 36800 - Globalization and Human Development 1 G LA SS

This course provides a working knowledge of contemporary issues related to globalization. The emphasis is on analysis of arguments concerning the linkages between trade and financial liberalization, economic growth, poverty alleviation, and well-being. Prerequisites: ECON 12100, ECON 12200, 2 courses in social sciences or humanities. 3 credits. (F,Y)

ECON 37200 - Industrial Organization Economics LA SS

Extends and refines the economic theory of the firm to which students are exposed in economics principles courses. Drawing empirical evidence primarily from U.S. industries, it examines theories concerning the motives of firms, barriers to entry, product differentiation, and interdependence among firms. It also examines U.S. antitrust policy and regulatory issues. Prerequisites: ECON 12100-12200; two courses in humanities, social sciences, or business. 3 credits. (F or S,Y)

ECON 38200 - Economics of Growth LA SS

Analysis and description of the process of economic growth. A study of the role of government policy in affecting the growth of national output and the growth of factors of production that will sustain growth of national output. Topics include determinants of saving, investment in human and nonhuman capital, measurement of productivity of resources, and description of the generalized resource known as total factor. Prerequisites: ECON 12100-12200; MATH 10800 or MATH 11100; two courses in humanities, social sciences, or business. 3 credits. (F,Y)

ECON 41100 - International Economics 1 G LA SS

Study of international trade patterns, gains from trade, and international investment, both private and government. Issues discussed include pros and cons of free trade, tariffs, the European Union, customs unions, currency markets, and balance of payments adjustment mechanisms. Prerequisites: ECON 34200; two courses in humanities, social sciences, or business. 3 credits. (S,Y)

ECON 41300 - Economic Fluctuations and Forecasting LA SS

This course examines a variety of theories that explain the nature of economic fluctuations. The history of expansions and recessions in the United States is reviewed. Statistical techniques for forecasting the major macroeconomic variables are presented in detail. Various forecasting strategies, such as large-scale econometric models and the leading indicators, are evaluated. Prerequisites: ECON 33300; ECON 34200; MATH 24300. 3 credits. (S,O)

ECON 41600 - Economics of Human Resources LA SS

Analysis of activities that influence future monetary and psychic income by increasing the resources of people, including skills, knowledge, and physical capacities. The activities are investments in human resources or human capital, including investments in health, education, welfare, job search, migration, and on-the-job training. The course includes an analysis of these investments in a theoretical framework supported by a survey of empirical studies. Primarily for economics majors, but open to nonmajors by permission. Prerequisites: ECON 12100-12200; senior standing; or equivalent. 3 credits. (S,O)

ECON 49000 - Internship: Economics NLA

Designed to offer applications of economic concepts. Business, banking, law, government, and not-for-profit agencies provide the settings. The student is expected to prepare a log of activities, an interim report, and a final report consisting of an economic analysis of the internship experience. Must be taken in the United States or London. All guidelines of the School of Humanities and Sciences must be followed. Prerequisites: Senior standing as major in the department or, with permission of the department, junior standing. 1-6 credits. (F-S,Y)

ECON 49200 - Special Problems in Economics (Tutorial) LA

Guided research, study, and writing on subjects selected by faculty-student consultation. Prerequisites: ECON 12100-12200; senior standing; or equivalent. Variable credit. (F,Y)

ECON 49900 - Independent Study: Economics LA

Program of special reading and research under supervision of the department. Offered on demand only. Prerequisites: ECON 12100-12200; senior standing; or by special permission of the department. 1-4 credits.