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Course Criteria
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3.00 Credits
PQ: Third- or fourth-year standing. PQ for ECON 26800: ECON 26500 and consent of instructor. This course shows how scientific constraints affect economic and other policy decisions regarding energy, what energy-based issues confront our society and how we may address them through both policy and scientific study, and how the policy and scientific aspects can and should interact. We address specific technologies and the policy questions associated with each, as well as with more overarching aspects of energy policy that may affect several, perhaps many, technologies. S. Berry, G. Tolley. Spring.
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3.00 Credits
PQ: ECON 20300 or consent of instructor. This course deals with the pure theory of international trade: the real side of international economics. Topics include the basis for and gains from trade; the theory of comparative advantage; and effects of international trade on the distribution of income, tariffs, and other barriers to trade. S. Kortum. Autumn.
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3.00 Credits
PQ: ECON 20000. This course discusses government policy regarding traditional vices (i.e., drinking, smoking, gambling, illicit sex, recreational drug use). Among policies considered are prohibition, taxation, treatment, decriminalization, and legalization. The intellectual framework employed to evaluate various policies is primarily economic, though other disciplines are drawn upon. J. Leitzel. Spring.
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3.00 Credits
PQ: ECON 20300 and 21000, and consent of instructor. D. Meltzer. Spring.
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3.00 Credits
PQ: ECON 20000 or consent of instructor. The ongoing postsocialist transitions are examined (particularly those of Russia and China). The basic tool of analysis is the emerging "economics of transition." Various programs of macroeconomic stabilization, price liberalization, and privatization are analyzed; and their effects on inflation, unemployment, and living standards are assessed. We cover issues highlighted in the "post-Washington consensus" (e.g., corporate governance, competition policy, the role of the state). This course is offered in alternate yea rs. J. Leitzel. Winte
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3.00 Credits
PQ: ECON 20100. This course extends the analysis from ECON 20100, with a focus on understanding the way firms make decisions and the effects of those decisions on market outcomes and welfare. The course examines the structure and behavior of firms within industries. Topics include oligopolistic behavior, the problems of regulating highly concentrated industries, and the implementation of U.S. antitrust policy. A. Hortacsu. Winter, Spring.
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3.00 Credits
PQ: ECON 20100. This is a course in microeconomics that applies traditional product and factor market theory and quantitative analysis to contemporary economic issues in professional and college athletics. Topics include the sports business; market structures and outcomes; the market for franchises; barriers to entry, rival leagues, and expansion; cooperative, competitive, and collusive behavior among participants; labor markets, productivity, and compensation of players; racial discrimination; public policies and antitrust legislation; and financing of stadiums. A. Sanderson. Spring.
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3.00 Credits
PQ: ECON 20100. This course examines the structure of law from an economic basis. Topics include property rights, contracts, torts, the Coase theorem, and criminal law. J. Leitzel. Autumn.
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3.00 Credits
PQ: ECON 20100 required; ECON 21000 or STAT 23400 strongly recommended. This course uses theoretical and empirical economic tools to analyze a wide range of issues related to criminal behavior. Topics include the police, prisons, gang behavior, guns, drugs, capital punishment, labor markets and the macroeconomy, and income inequality. We emphasize the analysis of the optimal role for public policy. This course is offered only in even numbered year. S. Levitt. Winter.
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3.00 Credits
PQ: Consent of directors of the undergraduate program. Students are required to submit the College Reading and Research Course Form. Autumn, Winter, Spring.
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