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Course Criteria
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3.00 Credits
Prerequisite(s): Junior-level standing, EC 111 and EC 112 Analyzes the unique nature of multinational corporations and how multinational corporations are affected by, and affect, the national and world economies. Evaluates the impact on multinational corporations of many economic events such as capital flows and asset markets, exports, competition, labor relations and foreign exchange rates. Includes a critical examination of tax policies with regard to multinationals and the effect of such policies on the transfer (intersubsidiary) prices of the firm. Examines the future role of multinational firms in the U.S. and world economy.
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3.00 Credits
Prerequisite(s): Junior-level standing, EC 111 and EC 112 Analyzes the long-term performance of an economy in terms of the related concepts of growth and development. Examines alternative explanations for the growth record of the developed economies as well as their prospects for continued growth. Presents an overview of the economic performance of the less developed countries and examines critical aspects of development such as capital accumulation, technological change, population growth, labor and manpower issues, agriculture and trade. Examines development policies in the areas of inflation and planning, and considers issues related to economic ties between developed and developing economies.
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3.00 Credits
Prerequisite(s): Junior-level standing, EC 111 and EC 112 Describes and analyzes the different approaches to organizing economic systems in the latter half of the twentieth century, e.g., modern capitalism, modern socialism, command systems, and mixed variants. Contrasts the differing roles played by government in the regulation and direction of the economy. Notable attention is paid to the differences in the use of fiscal, monetary, incomes and international trade policies to affect economic activity. Countries representing major differences in approaches include the United States, United Kingdom, France, Germany, Japan, China, Hungary, Russia and others. I
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3.00 Credits
Prerequisite(s): Junior-level standing, EC 111 and EC 112 Economics of the European Union analyzes the implications of European integration for international business and public policy. Emphasis is given to theories and issues in international trade and finance. Examines EU-U.S. trade disputes and the introduction of the Euro. The role of monetary and fiscal policy in resolving problems of unemployment and inflation in the European Union is discussed. Other issues covered in the course include rigidities in the European labor market, migration and agriculture. The course concludes with a module on the prospects for and implications of EU expansion.
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3.00 Credits
Prerequisite(s): Junior-level standing, EC 111 and EC 112 Analyzes the economic forces determining where cities develop and grow. Studies the location decision of firms and how land and housing prices are determined in a regional economy. Examines the role and effects of city government on the metropolitan economy. Discusses urban problems such as poverty, discrimination, housing, pollution and crime. Problem-solving, economic analysis, and analytical writing are emphasized in the course.
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3.00 Credits
Prerequisite(s): Junior-level standing, EC 111 and EC 112 Uses economic tools to understand various issues and problems pertaining to health and medical care. Examines in considerable detail the structure, conduct and performance of health insurance, physician, hospital and pharmaceutical industries. Discusses the role, design and effects of the Medicare and Medicaid programs and alternative delivery systems like Health Maintenance and Preferred Provider organizations on the functioning of health-care markets.
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3.00 Credits
Prerequisite(s): Junior-level standing, EC 111 and EC 112 Uses a modular approach to investigate the economics of environmental issues and policy solutions. Economic modeling is used to illustrate how environmental damage can be viewed as a market failure. Using this approach, analytical tools are developed to evaluate environmental policy solutions such as direct regulation, pollution taxes, abatement subsidies, and the trading of emissions rights. In addition to analyzing environmental policy, the course examines the importance of environmental issues to the corporate sector and the ways in which businesses are responding both to new regulations and consumer awareness of environmental risks.
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3.00 Credits
Prerequisite(s): Junior-level standing, EC 111 and EC 112 Applies the principles of economics to critically analyze current economic problems and issues. Treats such problems as poverty, population, pollution, health, economic welfare, American business in an evolving global environment, ecology, income redistribution programs, agricultural policy, economic discrimination, foreign trade, and balance of payment problems.
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3.00 Credits
Prerequisite(s): Junior-level standing, EC 111, EC 112 and GB 204/205 or GB 210 Introduces the student to the building and estimation of statistical models used to test economic theory. Familiarizes students with the sources of economic data and with the difficulties encountered in empirical testing of these models. The methods employed and problems encountered in testing economic theory are also applied to other areas such as finance and marketing.
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3.00 Credits
Prerequisite(s): Junior-level standing, EC 111, EC 112 and MA 120 or MA 121 or MA 131 Presents practical applications of mathematics to economic problems. Shows how economic analysis previously encountered can be usefully presented in mathematical terms. Mathematical tools beyond derivatives are developed in order to use the tools in specific applications. Demonstrates how the logic of economic analysis can be made clearer by using the logic of mathematics.
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