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Course Criteria
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4.00 Credits
A study of international trade theory, including the classical works (Richardian, Hecksher-Ohlin, specific factors model, factor-price equalization, and growth models) along with a consideration of trade restrictions, i.e., tariffs and quotas. Explores contemporary patterns of trade encompassing such issues as increasing returns, imperfect competition, technology transfer, market structures, industrial policies, and international factor movements. Analyzes these issues from the perspective of a large versus a small economy and from a developed versus a developing economy. Prerequisite: ECON 102 and 103. Offered alternate years.
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4.00 Credits
An exploration of the various theories of international finance. Includes a practical introduction to foreign exchange markets (forward markets, options, and futures)-how they work, how they are used, and how to understand published information about these markets. Explores the relationship between domestic money markets and international money markets in a theoretical context. Discusses the purchasing power parity relationship and the evolution of the contemporary international monetary system. Prerequisite: ECON 124. Offered alternate years.
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4.00 Credits
Topics determined by department. Recent topics have included economics of racism, government regulation of industry, the microeconomics of macroeconomics, and workplace democracy. May be repeated for credit as topic changes. Prerequisite: ECON 25 and 26. Offering to be determined.
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4.00 Credits
A consideration of specific topics pertaining to the relationship of economic activities and the natural environment. Generally, one major topic will be considered each time the course is offered. Possible topics include: sustainable development; global warming and peak oil; carbon trading, taxation and subsidies as environmental policies; and consumption, well-being, the economy and the environment. May be repeated for credit with different topics. Prerequisite: ECON 5 and one additional Economics course or one Environmental Studies course, or permission of the instructor. Fall 2008 and ,thereafter, annually. Same as: ENVST 191.
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4.00 Credits
A survey of the economic history of the United States from its establishment as a collection of British colonies in the 17th and 18th centuries to its emergence as the world's leading industrial nation in the mid-20th century. Explores the nature, causes, and consequences of America's economic growth and development and the social and political transformations that accompanied its rise to world industrial supremacy. Through the study of American economic development, students acquire a historical perspective on contemporary economic theory, issues, policies, and debates. Prerequisite: ECON 102 and 103. Offered annually.
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4.00 Credits
A study of race, class, and gender using the political economic approach to the study of economics. The course will investigate the impact of introducing the categories of race, class, and gender into political economic theory and will also undertake some empirical analyses of the roles of race, class, and gender in producing economic outcomes for minorities and majorities in the U.S. Signature of instructor required for registration. Prerequisite: ECON 102 and 103; junior or senior standing. Offered alternate years.
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4.00 Credits
This course studies contemporary issues in labor markets. Students read, analyze and discuss journal articles about selected topics in labor economics. Topics, which will vary depending on current economic conditions, may include: unemployment, discrimination, welfare programs, minimum wage, Social Security, poverty. Prerequisite: ECON 102 and ECON 104. Offered in Spring 2008 and thereafter in the fall semester in odd-numbered years.
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4.00 Credits
Sustainable development is economic development within the constraints of environmental sustainability, i.e., the preservation of natural capital. This involves increasing the standard of living and developing economic infrastructure in environmentally benign ways. This course examines issues of sustainable development, including agriculture, population, urbanization, industrialization, natural resource use and conservation, appropriate technology, village economics in Africa, Asia and Latin America. Some comparisons will be made with sustainability efforts in advanced industrial economies. Prerequisite: ECON 40 or 45 or permission of instructor. Offered alternate years.
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4.00 Credits
Each student designs and conducts an independent research project on a topic selected in consultation with the Resident Director of the European Semester and approved by the appropriate departmental liaison. The project will stress library research, as well as personal interviews, and may include trips to appropriate EU member states. (Students may also register as an independent study in any approved major)
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4.00 Credits
An introduction to the application of statistical methods for the estimation, testing and prediction of economic relationships. Begins with a review of the principles of probability theory and statistical inference, examining their applications in economics, finance, and business. Develops and applies the principles of simple linear regression and multiple regression estimation and hypothesis testing. Extends these principles to non-linear regression models and investigates various problems associated with the statistical testing of economic theory. Students are expected to take this course in their second or third year. Prerequisite: ECON 5, 6, and MATH 3 or 129. Offered spring semester.
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