306-11500 - - - Current Economic Issues - - - SS LA 1b
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)
306-12100 - - - Principles of Macroeconomics - - - SS LA 1b
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 vs. private goods, price levels, and applications to current economic problems. 3 credits. (S,Y)
306-12200 - - - Principles of Microeconomics - - - SS LA 1b
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)
306-26200 - - - Economics of Welfare Policies - - - SS LA 1b
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: 306-12100-306-12200 and one course in humanities, social sciences, or business. 3 credits. (S,Y)
306-27000 - - - The Economic Emergence of Women - - - SS LA 1b, h
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: 306-12100 or 306-12200, and one course in humanities, social sciences, or business. 3 credits. (S,Y)
306-28100 - - - Environmental Economics - - - SS LA 1b
Introduction to the study of environmental problems with the perspective, analytical ideas, and methodology of economics. Emphasis is 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 U.S. and the international community. Prerequisites: 306-12200. 3 credits. (S)
306-28200 - - - Natural Resource Economics - - - SS LA
Introduction to the field of natural resource economics. Topics include the relationship between economic activity and the environment as a source of natural resources and the economics of: depletable stocks of oil, natural gas, coal, and uranium; recyclable minerals; renewable stocks of water, land, forests, fisheries, and wildlife; and species and natural area preservation. Prerequisites: 306-12200. 3 credits. (S)
306-30100 - - - Labor Economics - - - SS LA
Presents the economics of labor through concepts such as human capital or resource, factor of production, market force, employed, unemployed minority, majority, union, nonunion, theory, and evidence, and their relevance to public policy decisions. Prerequisites: 306-12100-306-12200 and two courses in humanities, social sciences, or business. 3 credits. (F,Y)
306-30400 - - - Economics of Health Care - - - SS LA
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 640-30400. Students can not receive credit for both 306-30400 and 640-30400. Prerequisites: 306-12100-306-12200 and two courses in humanities, social sciences, or business. 3 credits. (F,Y)
306-31200 - - - Economic Development - - - SS LA
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 have actually performed in developing countries during the 60s, 70s, and 80s. The feasibility of future policy options is discussed given present internal political conditions and the current global economic climate. Different regions of the world are emphasized, given class interest. Prerequisites: 306-12100-306-12200 and two additional courses in humanities, social sciences, or business. 3 credits. (IRR)
306-31600 - - - Urban Economics - - - SS LA
Political-economic problems of urban areas in the U.S. and strategies for urban economic development. Topics include unemployment and poverty, pollution, crime, racism, housing, transportation, education, and financing. Strategies for development --- individual upgrading, corporate investment in central cities, urban renewal and planning, black capitalism, and community economic development. Prerequisites: 306-12100-306-12200 and two courses in humanities, social sciences, or business. 3 credits. (IRR)
306-32100 - - - Money and Banking - - - SS LA
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: 306-12100-306-12200 and two courses in humanities, social sciences, or business. 3 credits. (F,Y)
306-32200 - - - Monetary Theory and Policy - - - SS LA
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: 306-32100 or 883-20300. 3 credits. (S,Y)
306-32500 - - - Public Finance - - - SS LA
Study of the public sector's policy in budgeting, taxing, and spending and an analytical assessment of the impact of such fiscal policy from the point of view of macroeconomic objectives and welfare criteria. Planning programming budgeting systems. Prerequisites: 306-12100-306-12200 and two courses in humanities, social sciences, or business. 3 credits. (S,Y)
306-33300 - - - Econometrics I - - - SS LA
Statistical methods, simple and multiple regression analysis, and forecasting techniques applied to economic analysis. Exposure to statistical and econometric packages. Prerequisites: 306-12100-306-12200 and mathematics 313-24300 or 313-24400, or mathematics 313-21100, or equivalent. 3 credits. (F,Y)
306-33400 - - - Econometrics II - - - SS LA
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: 306-33300. 3 credits. (S,E)
306-34100 - - - Micro Analysis - - - SS LA
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 306-34300. Prerequisites: 306-12100-306-12200 and two courses in the humanities, social sciences, or business. 3 credits. (F,Y)
306-34200 - - - Macro Analysis - - - SS LA
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 306-34400. Prerequisites: 306-12100-306-12200 and two courses in the humanities, social sciences, or business. 3 credits. (S,Y)
306-34300 - - - Quantitative Microeconomic Analysis - - - SS LA
The study of how market prices are determined and how prices in turn coordinate the behavior of interdependent households and firms in an economic system. Topics include consumer behavior and demand; the firm: its technology and costs; market structure, price and output; and general equilibrium, economic efficiency, externalities, and public goods. Throughout the course, the use of elementary calculus is emphasized as an analytical tool. Not available to students who have taken 306-34100. Prerequisites: 306-12100 and 306-12200, either 313-10800 or 313-11100, and two courses in the humanities, social sciences, or business. 3 credits. (F,Y)
306-34400 - - - Quantitative Macro Analysis - - - SS LA
Study of the concepts of national income, wealth, and inflation; analysis of the process of saving and investment and the effects on the path of economic growth. Topics include the theory of employment, determination of national output, the role of government and the effects of monetary and fiscal policy, and discussion of current national economic policy. The use of elementary calculus is emphasized as an analytical tool. Not available to students who have taken 306-34200. Prerequisites: 306-12100 and 306-12200, either 313-10800 or 313-11100, and two courses in the humanities, social sciences, or business. 3 credits. (S,Y)
306-35200 - - - Economics of Regulation - - - SS LA
Economic analysis of government regulation of markets. Topics include the economic criteria for establishing and maintaining monopolies or oligopolies in an industry, alternative methods of market regulation, issues leading to the deregulation of some markets, and regulations relative to health and safety of workers and environmental protection. Current issues in regulation and deregulation are examined using the economic skills developed in class. Prerequisites: 306-12100-306-12200 and two courses in humanities, social sciences, or business. 3 credits. (IRR)
306-36200 - - - Comparative Economic Systems - - - SS LA
Theoretical and applied comparative analysis of the economic systems of capitalism, welfare state or democratic socialism, and state socialism. Models examined include United States, Japan, UK, India, Soviet Union, and China. Prerequisites: 306-12100-306-12200 and two courses in humanities, social sciences, or business. 3 credits. (S,Y)
306-36800 - - - Current International Economic Issues - - - SS LA
Provides a working knowledge of contemporary issues in international economics. Analysis of balance of payments cycle, United States' balance of payments problems, possible policy alternatives, and the institutions that further economic cooperation. Eurodollars, exchanging notes, and multinational corporations are also considered. Prerequisites: 306-32100 and permission of instructor. 3 credits. (S,Y)
306-37200 - - - Industrial Organization Economics - - - SS LA
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. Prerequisites: 306-12100-306-12200 and two courses in humanities, social sciences, or business. 3 credits. (F or S,Y)
306-38200 - - - Economics of Growth - - - SS LA
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: 306-12100 and 306-12200, either 313-10800 or 313-11100, and two courses in humanities, social sciences, or business. 3 credits. (F,Y)
306-41100 - - - International Economics - - - SS LA
Study of international capital movements and international investment, both private and government. Problems discussed include tariffs, free multilateral trade vs. exchange controls, the European Community, customs unions, currency problems and international agencies, exchange rate flexibility, direct controls, and domestic inflation and deflation as mechanisms of adjustment of international payments. Prerequisites: 306-12100-306-12200 and two courses in humanities, social sciences, or business. 3 credits. (F,Y)
306-41300 - - - Economic Fluctuations and Forecasting - - - SS LA
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: 306-33300, 306-34200, and 313-24300. 3 credits. (S,O)
306-41600 - - - Economics of Human Resources - - - SS LA
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: 306-12100-306-12200 and senior standing or the equivalent. 3 credits. (S,O)
306-49000 - - - Internship - - - NLA
Designed to provide 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)
306-49200 - - - Special Problems in Economics (Tutorial) - - - U LA
Guided research, study, and writing on subjects selected by faculty-student consultation. Prerequisites: 306-12100-306-12200 and senior standing or the equivalent. Variable credit. (F,Y)
306-49900 - - - Independent Study - - - U LA
Program of special reading and research under supervision of the department. Offered on demand only. Prerequisites: 306-12100-306-12200 and senior standing or the equivalent, or special permission of the department. 1-4 credits.
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