ECON 101: Principles of Microeconomics – S2
Introduces the study of economic decision making by firms and
individuals. Economic tools and concepts such as markets, supply and
demand, and efficiency applied to contemporary issues. Students cannot
take both ECON 101 and 111 for credit. (4)
ECON 102: Principles of Macroeconomics – S2
Introduces the economy as a whole and major issues such as inflation,
unemployment, economic growth, and international trade. Prerequisites: ECON 101 or 111. (4)
Econ 111: Principles of Microeconomics: Global and Environmental - S2
Analysis of public policy and private behavior; appropriate pricing,
resource valuation, taxes and subsidies, trade policies, sustainable
development, and income growth and distribution. Students cannot take
both ECON 101 and 111 for credit. (4)
ECON 301: Intermediate Microeconomic Analysis – S2
Theory of consumer behavior; product and factor prices under conditions
of monopoly, competition, and intermediate markets; welfare economics.
Prerequisites: ECON 101 or 111, or consent of instructor; MATH 128, 140, or
151. (4)
ECON 302: Intermediate Macroeconomic Analysis – S2
National income determination including policy implications within the
institutional framework of the U.S. economy. Prerequisites: ECON 102;
MATH 128, 140, or 151. (4)
ECON 311: Energy and Natural Resource Economics – S2
An intensive economic analysis of natural resource scarcity
and a comparison of actual, optimal and sustainable use of energy and natural
resources. Comparative international analysis of the relative roles of markets
and government in the development and allocation of natural resources over
time. Themes include dynamic efficiency, intergenerational fairness, and
sustainability. Case studies of key natural resource sectors including:
renewable and exhaustible energy, non-energy minerals, forestry, and fisheries.
Prerequisites: ECON 101 or 111, or consent of instructor. (4)
ECON 313: Environmental Economics - S2
Examines the theory of externalities, pollution regulation, open-access conditions as a basis for environmental degradation, methods of non-market valuation of environmental amenities, and valuation of a statistical life. Attention will be given to both domestic and global examples. Prerequisites: ECON 101 or 111, or consent of instructor. (4)
ECON 315: Investigating Environmental and Economic Change in Europe – S2
An introduction to the environmental economic problems and policy
prospects of modern Europe. Focus on economic incentives and policies
to solve problems of air and water pollution, sustainable forestry,
global warming, and wildlife management in Austria, Germany, Hungary,
the Czech Republic, and Italy. (4)
ECON 321: Labor Economics – S2
Analysis of labor markets and labor market issues; wage determination;
investment in human capital, unionism and collective bargaining; law
and public policy; discrimination; labor mobility; earnings inequality,
unemployment, and wages and inflation. Prerequisites: ECON 101 or 111, or
consent of instructor. (4)
ECON 322: Money and Banking – S2
The nature and role of money; monetary theory; tools and implementation
of monetary policy; regulation of intermediaries; banking activity in
financial markets; international consequences of and constraints on
monetary policy. Prerequisite: ECON 102 or consent of instructor. (4)
ECON 323: Health Economics – S2
Analysis of health care markets including hospitals, providers, and
insurer/managed care organizations; demand for care; economics of
insurance; role of government and regulation; access to care; non-price
competition; impact of new technology; analysis of reform. Prerequisites: ECON 101 or 111. (4)
ECON 325: Industrial Organization and Public Policy – S2
An analysis of the structure, conduct, and performance of American
industry and public policies that foster and alter industrial structure
and behavior. Prerequisites: ECON 101 or 111, or consent of instructor. (4)
ECON 327: Public Finance - S2
Public taxation and
expenditure at all governmental levels; the incidence of taxes, the
public debt and the provision of public goods such as national defense,
education, pure air, and water. Prerequisites: ECON 101 or 111 or
consent of instructor. (4)
ECON 331: International Economics – S2
Regional and international specialization, comparative costs,
international payments and exchange rates; national policies that
promote or restrict trade. Prerequisites: ECON 101 or 111, or consent of
instructor. (4)
ECON 333: Economic Development: Comparative Third World Strategies – C, S2
Analysis of the theoretical framework for development with applications
to alternative economic development strategies used in the newly
emerging developing countries. Emphasis on comparison between
countries, assessments of the relative importance of cultural values,
historical experience, and govern-mental policies in the development
process. Prerequisites: ECON 101 or 111, or consent of instructor. (4)
ECON 335: European Economic Integration – S2
An introduction to integration theory and its application to the
problems and policy prospects for deepening European integration.
Economic analysis of the development of economic institutions in the
European Union. Topics include: German unification, enlargement, the
European monetary system, Scandinavian participation, and relevance of
the European integration model for the developing world. Prerequisites: ECON 101 or 111. (4)
ECON 338: Political Economy of Hong Kong and China – S2
In 1997, the British returned Hong Kong to China. This course examines
the unique economic relationship that exists between the strongly
capitalistic former colony and the People's Republic of China. Can
these two diverse systems coexist? Will they eventually converge to a
common system? Where does Taiwan fit into the picture? While in Hong
Kong and southern China we will utilize the expertise of a series of
speakers to explore the economy, history, and traditions of the area
and to enhance the many experiential activities of the course. (4)
ECON 341: Strategic Behavior – S2
An introduction to game theory and analysis of interactive decision
processes. Interactive game playing, cases, and examples drawn
primarily from economics, but also includes sports, political science,
business, and biology. Prisoner's Dilemma, sequential games, Nash
equilibrium, mixed and pure strategies, collective action and bidding
strategies, bargaining. Prerequisites: ECON 101 or 111. (4)
ECON 344: Econometrics – S2
Introduction to the methods and tools of econometrics as the basis for
applied research in economics. Specification, estimation, and testing
in the classical linear regression model. Prerequisites: ECON 101 or
111; STAT 231 or equivalent. Cross-listed with STAT 344. (4)
ECON 345: Mathematical Topics in Economics – S2
An introduction to basic applications of mathematical tools used in
economic analysis. Prerequisites: ECON 101 or 111, ECON 102 or consent
of instructor. (4)
ECON 386: Evolution of Economic Thought – S2
Economic thought from ancient to modern times; emphasis on the period
from Adam Smith to J.M. Keynes; the classical economists, the
socialists, the marginalists, the neoclassical economists, and the
Keynesians. Prerequisites: ECON 101 or 111; ECON 102; ECON 301 or 302 (4)
ECON 491: Independent Studies
Prerequisites: ECON 301 or 302 and consent of the department. (1–4)
ECON 495: Internship – S2
A research and writing project
in connection with a student's approved off-campus activity.
Prerequisites: ECON 101 or 111, sophomore standing, and consent of the
department. (1–4)
ECON 498: Honors Thesis – S2
Independent research supervised by one or more faculty members.
Research proposal and topic developed by the student in the junior
year. Application to enroll is made in the second semester of the
junior year. Prerequisite: Economics major and consent of the
department. (4)
ECON 499: Capstone: Senior Seminar – SR
Seminar in economic problems and policies with emphasis on encouraging
the student to integrate problem-solving methodology with tools of
economics analysis. Topic(s) selected by class participants and
instructor. Prerequisites: ECON 101 or 111 and 301 or 302. May be taken concurrently. (4)
ECON 500: Applied Statistical Analysis
An intensive introduction to statistical methods. Emphasis on the
application of inferential statistics to concrete situations. (3)
ECON 520: Economic Policy Analysis
An intensive introduction to the concepts of macroeconomics and
microeconomics with an emphasis on policy formation within a global
framework. (3)
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