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Course Criteria
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4.00 Credits
An introduction to aggregate economic analysis; use of the aggregate demand/aggregate supply model for the determination of output, employment and prices; use of the production possibilities curve analysis to illustrate opportunity cost and to show gains from trade applying the concept of comparative advantage; structure and functions of the Federal Reserve System; and conduct of monetary policy.
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4.00 Credits
Labor economics examines the organization, functioning and outcomes of labor markets; the decisions of prospective and present labor market participants; and the public policies relating to the employment and payment of labor resources.
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4.00 Credits
The course teaches students to use economic concepts to critically evaluate social, political and business decisions regarding environmental resource use, environmental regulation and environmental degradation. Students will gain insight into how to respond as business decision-makers to environmental regulations and to increased global competition for scarce resources.
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4.00 Credits
This course is designed to provide students with an introduction and overview of development economics. The course will focus on the economies of countries other than the United States, explore the interaction between the developed and the less-developed economies of the world, and examine international trade and environmental issues in developing countries.
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4.00 Credits
This course analyzes consumer choice theory; the theory of production; competitive, oligopolistic and monopolistic market structures; and behavioral economics.
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4.00 Credits
This course is designed to analyze the domestic and international impacts of public policy on GDP, employment, inflation, the trade deficit and budget surplus, the international flow of capital, foreign exchange rate variations and international competitiveness.
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4.00 Credits
Game theory is the study of behavior in the context of strategic interdependence. It is critical to understanding behavior and outcomes when an individual's welfare depends on both their own choices and the choices of others. This course introduces the core concepts of game theory, including modeling strategic interdependence, dominant, dominated, and rationalizable strategies, best replies, Nash equilibria in pure, continuous and mixed strategies, repeated games, extensive-form games and subgame perfection, imperfect and asymmetric information, auctions, voting, bargaining, mechanism design, and evolutionary game theory. Applications include topics in economics, business, politics, sports, and life.
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4.00 Credits
This course will guide students to better understand historical events by utilizing their knowledge of economic methods. We will analytically apply economic theory and other mathematical methods to the study of history. The goal will be to understand why major changes in our socioeconomic environment have taken place over the passage of human history. For example, we will learn why certain civilizations conquered others, why certain regions are wealthier than others, and we will study the determinants of human prosperity in order to be able to understand how we have become so rich relative to our ancestors.
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4.00 Credits
This course provides the core microeconomic theories needed to understand the health care markets in both the developed and developing world. Topics will include basic microeconomic models, demand for health care, supply of health care, insurance markets, and country-specific health care systems. The content of this course will help you evaluate health policy debates from an economic framework and interpret empirical evidence in health economics.
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4.00 Credits
Public Choice is the study of the economics of politics using applied microeconomics. It examines decision making within democratic political structures. The course examines the economics of voting, bureaucracy, political economy, and constitutional design, from the perspective of private individuals, elected officials, and special interest groups. The tools of the course are used to analyze contemporary policy issues including voting rights, political entrepreneurship, foreign aid/intervention, and taxation policy. Students are required to undertake individualized research projects, applying the core materials from the course to their own areas of interest.
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