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Course Criteria
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3.00 Credits
This course investigates the methods economists use to test theories and conduct economic forecasts. This course will provide the student with the ability to design, conduct, and evaluate empirical work in economics and other social sciences. The primary focus of the course is on the final project that consists of a research paper that will integrate library research, economic theory, and econometric analysis. The course will take a "hands on" approach as much as possible with weekly use of the microcomputer in class. Prerequisites: Economics 119, any Economics course in the 200s, Math 135 or 137 and Math 153 or 154 or 155. Every semester. (4 credits)
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3.00 Credits
This is a course in open economy macroeconomics and international finance. Special emphasis is placed on the causes and consequences of the international financial system's evolution. The four major international monetary regimes of the twentieth century-the classical gold standard, the interwar gold-exchange standard, the Bretton Woods System, and the floating-rate dollar standard-are explored in chronological order as well as attempts at monetary union in Europe. Topics examined include: 1) exchange rate determination, 2) balance of payments, 3) macroeconomic adjustment, and 4) international monetary institutions. Case studies are used extensively. Prerequisites: Economics 361 and 371. This course will count towards the capstone. Next offered 2009-2010. (4 credits).
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3.00 Credits
This course provides an in-depth look at current issues in international trade. The course begins with a more rigorous examination of both classical and "new" trade theories. Then, we explore empirical tests of tradetheories, models of outsourcing and production fragmentation, and the literature relating trade and the environment. We also examine the debates over the effect of trade on wages, multilateral versus bilateral trade negotiations, and the relationship between trade and growth. Prerequisites: Economics 361, 371, and 381. This course will count towards the capstone. Alternate years; next offered Spring 2010. (4 credits)
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3.00 Credits
This course will apply the tools of economic analysis to gain an understanding of economic development problems and their solutions. Patterns of economic development in an historical and dynamic context will be examined. The central role of agriculture and the problem of technological change in agriculture will also be examined. Other topics will include neo-classical growth models, domestic and international economic policies, international trade, foreign aid, external debt, technology transfer, rural-urban migration and income distribution. Prerequisites: Economics 361, 371, and 381. This course will count towards the capstone. Every year; next offered Fall 2008. (4 credits)
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3.00 Credits
This course examines the economics of government policy, focusing on taxation and expenditures. It relies on theoretical and empirical research to explore how government affects the allocation of resources and the distribution of income and to characterize optimal government policy. The first portion of the course considers government policy in the presence of public goods or externalities (such as pollution or spillovers from public education) and analyzes the effect of social security and social welfare programs on labor supply, savings, income distribution, and government revenue. The second portion focuses on the distributional burdens of taxation, optimal commodity and income taxation, and current tax debates. Prerequisites: Economics 361, 371, and 381. This course will count towards the capstone. Every year. (4 credits)
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3.00 Credits
This course uses theoretical and empirical research to examine the economics of work from both the point of view of the firm and the worker. Economic tools will be used to analyze some of the important issues relevant to labor economics, such as labor force participation, the division of labor within the household, occupational choice, investments in education, minimum wage legislation, wage elasticities, employment-hours tradeoff, labor market discrimination, unions, and job search. Prerequisites: Economics 361 and 381. This course will count towards the capstone. Alternate years; next offered Spring 2009. (4 credits)
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3.00 Credits
An honors seminar to enhance the senior capstone requirement. Prerequisite: Permission of instructor required. Every fall. (4 credits)
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3.00 Credits
This course concentrates on developing and applying economic principles to the decision making process of the firm. Typically the course is taught from the viewpoint of the financial manager of a firm (profit or nonprofit). Traditional corporate finance topics will be covered, including: cash flow management, sources of capital, capital budgeting, cost of capital, and financial structure. Recent theoretical developments in the capital asset pricing model and portfolio theory also will be examined. Actual case studies of financial decision making often are included in the course. Prerequisites: Economics 113, 361 and 381. This course does not count towards the capstone. Next offered Fall 2008. (4 credits)
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3.00 Credits
This course focuses on starting up new businesses. From how to write a business plan to analyzing marketing and finance alternatives, the emphasis is on discovering the common elements in successful, new ventures. Typically a theme for a particular year's class is employed. An analysis of research in entrepreneurship in new ventures is an important element of the course. Guest speakers, student team projects and presentations, and analyses of case studies also are used. Prerequisites: Economics 113 and 361. This course does not count towards the capstone. Next offered 2008-2009. (4 credits)
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3.00 Credits
This course will extend the subject matter of Intermediate Microeconomics, considering both theory and selected applications in four broad areas: (1) Extensions of the theory of choice to considerations of risk and uncertainty, the expected utility hypothesis, and the economics of information; (2) Extensions of the competitive market model to examine the supply of exhaustible resources, airline regulation and deregulation, and rent controls; (3) Extensions of simple, undifferentiated oligopoly theory to examine product differentiation, game theory, and contestable markets; and (4) Extensions of the theory of factor markets to study discrimination in the labor market, the negative income tax, and the incidence of the social security payroll tax. Prerequisites: Economics 361, 371 and 381. This course will count towards the capstone. Alternate years; next offered Fall 2009. (4 credits)
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