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  • Economics 102A: Introduction to Macroeconomics

    4.00 Credits
    Bard College

    Environmental Studies See Economics 102A for description.
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  • Economics 105: Foundations of Finance and Investments

    4.00 Credits
    Bard College

    An exploration of the foundations of the pricing of financial instruments and the structure and organization of financial markets. Methods are developed to analyze and measure financial performance, price stocks and bonds, evaluate portfolios, and understand financial derivatives as they relate to financial data. Additional topics include the investment decision-making process, trading practices, risk assessment, and diversification. Students do a substantial amount of statistical analysis and calculation, but no prior knowledge of statistics is required.
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  • Economics 110: Economic Dimensions of Public Issues in the United States

    4.00 Credits
    Bard College

    American Studies Basic economic theory is used to examine some of the major issues facing the U.S. economy today, including poverty and welfare reform, the trade deficit, the budget deficit, NAFTA, and the health care system. Topics vary with current events. Students select four or five topics of general interest and work in teams to conduct and present research on each side of the cases selected for study. After a general review of each issue, the class focuses on its economic dimensions. A few simple theoretical principles are introduced and used to illuminate the economic forces at work.
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  • Economics 115: Economic Dimensions of World Issues

    4.00 Credits
    Bard College

    GIS, Human Rights, Social Policy, STS An introduction, using simple economic concepts, to global and international issues of current and enduring interest. (Public issues in the United States are addressed in the fall semester companion course, Economics 110.) Topics include the WTO and trade liberalization; European integration; regionalism (NAFTA, FTAA); global warming, deforestation, and other environmental issues; the role of multinational corporations and multilateral agencies such as theWorld Bank and IMF; the AIDS crisis in Africa; poverty and hunger; inequality within and between nations; the debt and currency crises of Latin America and East Asia; and the transition from planning to markets in Eastern Europe and former Soviet Republics. Discussion of each topic begins with a general review using materials from the popular media. This is followed by a more detailed economic analysis using micro- and macroeconomic concepts and the introduction of relevant theoretical models and principles.
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  • Economics 120: Social Security and Health Care

    4.00 Credits
    Bard College

    Looming as significant, long-term policy questions in the United States are Social Security and health care financing. Today these topics share the stage in a national debate about the role of government in a market economy, and both policy areas have been cited as financial crises. This course is designed to apply dispassionate economic analysis to an often confusing debate and to explode the myths and highlight the undeniable realities. For Social Security, the class investigates the purpose and history of the program, its current functions, and its micro and macro effects on the economy. Students consider Social Security's financial outlook and to what extent it presents a crisis, and evaluate proposed solutions. For health care, the class examines health care markets, insurance, and the arguments for government intervention; how Medicare and Medicaid work and their roles in the escalation of national health care expenditures; and competing proposals to restructure federal health policy. In both Social Security and health care, international comparisons are used to shed light on the U.S. situation.
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  • Economics 125: Economics from the Ground Up

    4.00 Credits
    Bard College

    Environmental Studies Microeconomics textbooks typically focus on markets involving exchanges of goods and money among millions of "agents," who areimplicitly assumed to obey established social conventions and governmental directives. This course develops economic principles through successive variations of a simple intuitive model. Following the standard conception of economics as the study of constrained choice, it explores the economizing behavior of a single individual who struggles to survive by employing available resources to produce food and shelter. The model then becomes more complex, introducing cooperation and exchange among persons and analyzing markets, prices, property rights, externalities, public goods, and the economic functions of government. Particular attention is paid to the nature and function of capital. Algebra and graphing are used extensively. This course is a suitable alternative to Economics 101, especially for students concentrating in environmental or political studies, human rights, and related fields. Prerequisite: Mathematics 110 or the equivalent.
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  • Economics 200: Money and Banking

    4.00 Credits
    Bard College

    An examination of the role of money and financial intermediaries in determining aggregate economic activity. Interactions of savers, investors, and regulatory authorities in domestic and international capital markets are analyzed, and the linkage between the financial system and the real economy is traced. The functions of central banks, commercial banks, securities dealers, investment banks, and other intermediaries are covered in detail. The debate over the goals, tools, indicators, and effectiveness of monetary policy is considered in the light of current national and international economic problems. Prerequisite: Economics 101 or 102.
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  • Economics 201: Intermediate Microeconomics:Efficiency,Equity,and the Structure of Markets

    4.00 Credits
    Bard College

    This course further develops principles and analytical methods introduced in Economics 101 demand, supply, and the workings of the price system. The positive and normative characteristics of alternative market structures-perfect competition, monopolistic competition, oligopoly, pure monopoly, and, in resource markets, monopsony-are studied in depth. Market forces are examined in the context of social and political institutions that shape, and are shaped by, market outcomes. The alleged "trade-off"between equity and efficiency is debated in the context of a variety of applications. Prerequisites: Economics 101 and one semester of calculus.
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  • Economics 202: Intermediate Macroeconomics

    4.00 Credits
    Bard College

    GIS, Social Policy This course, a continuation of the introductory macroeconomics course, acquaints students with the main models that macroeconomists use to analyze the way economies behave. Beginning with a consideration of the models that explain long-run economic growth, it then examines economic theories that explain short-run business cycles, the periods of recessions and booms that occur on a regular basis. The course investigates the role of governments in affecting the long-run and short-run economic prospects of their countries. The acquired theoretical knowledge is applied to a range of current economic issues, including budget deficits and national debt, international trade, and the role of institutions. Prerequisite: Economics 102.
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  • Economics 204: Seminar:National Economic Policy

    4.00 Credits
    Bard College

    Social Policy This course examines selected macroeconomic policies employed in the United States and around the world to address issues of unemployment, poverty, inflation, and economic instability. Often policy decisions are guided by much more than pure economic theory-by political considerations, national interests, social concerns, and global trends. Students analyze the confluence of these forces along with the institutions and structures that enable them. The objective is to investigate the macroeconomic impact of these policies and identify the ones that are viable and sustainable. Prerequisite: Economics 102 or 202.
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