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Course Criteria
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3.00 Credits
Prerequisite: EC103. The economic causes and conse- quences of war. Topics include how war transforms economic and political institutions; economic inter- ventionism as a cause of war; laissez-faire as the antith- eses of war; the "ratchet effect" of war on the growthof government; the political economy of the military- industrial-congressional complex; the myths of "war- time prosperity" and "nation building"; hidden annot-so-hidden costs of war; how wars are financed; and who benefits from war.
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3.00 Credits
Prerequisite: EC102. An application of the tools of economic analysis to several key areas of the law. Top- ics include contracts, environmental policy, criminal law and crime deterrence, discrimination in employ- ment and housing, landlord-tenant laws, property law, torts, and zoning.
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3.00 Credits
Prerequisite: EC102. An application of the tools of eco- nomic analysis to the most pressing problems of Ameri- can cities: poverty, crime, diminished employment oppor- tunities, and low educational attainment. Additional topics include housing segregation, welfare policy, homelessness, and urban government. International comparisons are drawn.
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3.00 Credits
Prerequisite: EC102. Provides students with an opportu- nity to read and think carefully about some of the major writings that defend and criticize capitalism, especially339 on moral and philosophical grounds. Topics for discus- sion include the industrial revolution; causes and con- sequences of the Great Depression; economic justice; wealth creation; environmentalism; economics and race; and the social responsibility of business.
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3.00 Credits
Prerequisite: EC102. Examines contemporary issues of environmental quality, natural resource allocation, and conservation from the economic perspective. Students develop an understanding of the history of the envi- ronmental movement and learn to analyze environ- mental issues using economic tools. Topics include benefit-cost analysis, property rights, incentive-based pollution control policies, and a review of government regulatory performance.
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3.00 Credits
Prerequisite: EC102. Presents the foundations and meth- ods of cost-benefit analysis (CBA) used to evaluate environmental, health, and safety regulations. Students learn to develop and use cost-benefit analysis. Topics include the economic and ethical principles underly- ing CBA; the distinction between real costs and trans- fers; alternative methods for estimating benefits and costs; the discounting of benefits and costs; risk assess- ment; and federal guidelines for conducting CBA.
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3.00 Credits
Prerequisite: EC102, EC220 (may be taken concurrently). Applies the tools of price theory and statistical analysis to professional and amateur sports. Students develop analytic tools useful in both the management of sports enterprises and the evaluation of strategy in the con- tests themselves. Topics include demand analysis; pay and performance; economic impact analysis and gov- ernment subsidies for franchises; discrimination; and the implications of elementary game theory for strate- gic decision-making in sports.
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3.00 Credits
Prerequisite: EC102 or written permission of the instructor. Combines an examination of historical events with basic economic tools and principles to provide a different perspective on European development. Attention is focused on important economic processes that help to shape the European historical record. Students gain an introduction to economic reasoning and methods from the perspective of their relevance to an understanding of history. Students have the opportunity to use eco- nomic concepts to obtain a deeper understanding of historical questions. Topics include the effects of Euro- pean nationalism; the nature and consequences of the Industrial Revolution; the effects of the Transportation Revolution; the economics of European migration pat- terns; and the creation of an international economy.
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3.00 Credits
Prerequisite: EC102, EC103, and EC220 or ST210. Develops and applies the tools of economic theory, mathematics, and statistics to economic phenomena. Students learn to investigate the specification, estimation, and interpretation of empirical economic relationships using least squares techniques. Simple and multiple regression, alternative specifications, and simultaneous equations are used in case studies to form a foundation of experience for stu- dents to become applied statisticians and economists.
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3.00 Credits
Prerequisite: EC103. Examines micro- and macroeconomic monetary issues, problems, and theory. Students learn to predict the effect of monetary events on financial mar- kets and the real economy. Topics include functions and measures of money; interest rates, present value, and yield; capital asset pricing model; diversification; risk and term structure of interest rates; financial inter- mediaries; creation and determination of the money supply; the Federal Reserve System; tools, goals, and targets of monetary policy; demand for money; money and real GDP; transmissions mechanisms.
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