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Course Criteria
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4.00 Credits
Past and present economic functions of cities, theories of urban development, and the role of cities in larger regional contexts. Poverty, housing, racial discrimination and other problems characterizing many urban areas. International comparisons of urban history and economic development. Prerequisite: Course 112. Enrollment limited to 30 students. D. Peppard
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4.00 Credits
Economic functions of financial systems. Major types of financial institutions and markets. Basic valuation of securities and investment projects. Theory of financial market efficiency and randomness of price fluctuations. Comparison of financial systems in developed and developing countries. Recent trends: deregulation, disintermediation, securitization, globalization, and the growth of derivatives markets. Causes and consequences of financial crises. Prerequisite: Course 112. Enrollment limited to 30 students. Y. Park
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4.00 Credits
Individual Study
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4.00 Credits
This course will investigate topics relating to growth in a global economy. The first half of the semester will concentrate on issues relating to the determination of exchange rates, the price level, interest rates, and the rate of unemployment in open economies. The second half of the course will investigate the determinants of growth. Demand and supply constrained growth models will be examined, and the social factors influencing the rate of growth explored. Prerequisite: Course 206 and Mathematics 112. Enrollment limited to 30 students. E. McKenna
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4.00 Credits
The application of economic theory to natural resource use and environmental problems. Emphasis is placed on the environmental consequences of externalities, a theoretical analysis of policies designed to arrest and control environmental degradation and the contribution of benefit-cost analysis to environmental problems. Prerequisite: Course 205 or Course 112 with permission of the instructor. Enrollment limited to 30 students. G. Visgilio
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4.00 Credits
An economic analysis of antitrust law and policy. Relevant aspects of foundation statutes such as the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914 will be reviewed with emphasis on the law and economics of monopolization, horizontal restraints of trade, oligopoly and tacit collusion, horizontal and vertical mergers, price discrimination, vertical integration and restraints. Prerequisite: Course 205. Enrollment limited to 30 students. G. Visgilio
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4.00 Credits
Examines the economics of South Asia with a focus on regional development issues. Emphasis on trends in economic growth, inequality, education, poverty, the informal economy and social welfare. Country case studies and comparative analyses to examine critically mainstream and alternative economic and political discourse. Prerequisite: Courses 205 and 206. Enrollment limited to 30 students. R. Ranasinghe
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4.00 Credits
Economics and law with special reference to how the law promotes efficiency when it creates incentives for problems to be solved in the most cost efficient way and when it reduces transaction costs so that parties to a dispute can reach low-cost solutions. Topics will include basic price theory, definitions of efficiency, the Coase Theorem, and the economics of contract law, tort law and antitrust. Prerequisite: Course 205. Open to juniors and seniors. Enrollment limited to 30 students. G. Visgilio
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4.00 Credits
How trends in the world economy in the post-war period have contributed to declining wages, rising inequality and unemployment, primarily in the U.S., but with some comparison to Europe, Japan and developing countries. Prerequisite: Courses 111 and 112 and 205. Enrollment limited to 30 students. C. Howes
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4.00 Credits
This course covers the fundamental tools of game theory; extensive form games, normal form games, Nash equilibria, and evolutionary stability. Game theory contributes to the understanding of social interactions. We explore such issues as credible and incredible threats and the value of pre-commitment. Prerequisite: Course 205. Enrollment limited to 30 students. M. Howard
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