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Course Criteria
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4.00 Credits
4 sem. hrs. Prereq.: ECON 100 and 101. Introduces students to international monetary theory and policy. Examines the history and political economy of international monetary systems, the behavior of international financial markets, the balance of payments, exchange rates, international debt problems, and the role of the International Monetary Fund. Emphasizes current events throughout the course. Sohrabji.
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4.00 Credits
4 sem. hrs. Prereq.: ECON 100 and 101 or consent of the instructor. Discusses the changing nature of economic systems by comparing the "new capitalisms" inEast Asia. Studies the institutions, rules, and regulations in these emerging economies, including banking regulations, foreign investing, and exchange rate regimes, as alternate models of growth and development are formulated. Sohrabji.
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4.00 Credits
4 sem. hrs. Prereq.: ECON 100 and 101 or consent of the instructor. Examines the Japanese economy with some comparison to the U.S. economy. Topics include economic development, industrial structure, economic policies, financial institutions, labor relations, women in the economy, cultural factors, role in the world economy, factors leading up to the 1980s bubble, and long post-bubble stagnation. Aoki.
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4.00 Credits
4 sem. hrs. Prereq.: ECON 100 and 101 or consent of the instructor. Analyzes contemporary U.S. capitalism through the prism of class, with emphasis on Marx's economic theory of class structures, surplus, exploitation, competition, contradiction, and crisis. Critically compares Marxian economic theory to neoclassical and Keynesian theories. Combines lectures and discussions, and develops critical thinking through critical writing. Aoki.
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4.00 Credits
4 sem. hrs. Prereq.: ECON 100 and 101 or consent of the instructor. Examines the U.S. monetary and financial systems, monetary theories, and monetary policy. Surveys theories of interest rates, theories of the interaction between the economy's monetary and productive sectors, and monetary policy. Places monetary theories within the context of broad economic debates. Tracks developments in monetary policy and financial markets, analyzing impacts on financial intermediation and the macroeconomy. Aoki.
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4.00 Credits
4 sem. hrs. Prereq.: ECON 100. Analyzes government spending and taxes at the national, state, and local level. Topics include growth in government, the future of the income tax in the U.S., expenditure programs for the poor, financing health care and education, the Social Security system, and the relationship among various local, state, and federal governments. Staff.
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4.00 Credits
4 sem. hrs. Prereq.: ECON 100 and 101 or consent of the instructor. Examines the government regulation that directly guides, restricts, and overrules private decisionmaking in the U.S. economy. Overview of such regulation along with in-depth analysis of such cases as pharmaceutical drug regulation, environmental protection, and electric utility regulation. Emphasizes recent trends and ongoing debates about appropriate regulation. Basch.
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4.00 Credits
4 sem. hrs. Prereq.: ECON 100 and 101 or consent of the instructor. Analyzes the extent and nature of business competition among business firms in the United States. Particularly focuses on those cases where structure and conduct are purported to deviate significantly from conditions of perfect competition. Examines antitrust policy as a means of improving the performance of American industry. Basch.
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4.00 Credits
4 sem. hrs. Prereq.: ECON 100 and 101. Examines the application of economic analysis to managerial decisions concerning output, market performance, competitive behavior, and production efficiency. Utilizes quantitative techniques appropriate to demand estimation, price determination, market share strategies, and resource allocation in profit and not-for-profit enterprises. Sawtelle.
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4.00 Credits
4 sem. hrs. Prereq.: ECON 100 and 101 or consent of the instructor. Analyzes environmental problems and policies, with emphasis on the difficulties of measuring environmental costs and benefits. Considers pricing incentives vs. direct control approaches to regulating water pollution, air pollution, atmospheric change and acid rain, and the disposal of solid and hazardous wastes. Sawtelle.
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