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Course Criteria
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4.00 Credits
An introduction to the use of elementary calculus and linear algebra in economic theory. This course provides the basic mathematical skills necessary to approach the professional economics literature. Emphasis is on formulating economic problems and building economic models in mathematical language. Applications are based upon simple micro- and macroeconomic models. Prerequisites: Economics 101 or 102 and calculus.
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4.00 Credits
GIS, STS A survey of the early history of the still-young science of economics, including Hume, Locke, Petty, and the age of mercantilism; the Physiocrats of 18th-century France, inventors of the first circular-flow analysis of the macroeconomy; the revolutionary work of philosopher Adam Smith in 1776; and the century of classical political economy that followed him in the Englishspeaking world, including the work of Thomas Malthus, John Stuart Mill, David Ricardo, and others who studied the virtues and vices of the market system and debated the relations of land, labor, and capital. At its maturity, the classical school gave rise to two very different attacks on existing politico-economic institutions: the socialist critique of Karl Marx in continental Europe and the Lockean critique of Henry George in the United States and England. This course focuses on the period up to the late 19th century, when classical political economy gave way to the "marginal revolution," which, applying themathematical insights of calculus to economic questions, focused more on subjective choice and less on political issues and institutions. Prerequisite: one economics course.
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4.00 Credits
Beginning with an economic analysis of the traditional market system, this course investigates models that have presented alternatives to the market economy: central planning, the socialist market economy, and a "mixed" economic system.Case studies of contemporary economies are examined theoretically and empirically. Prerequisite: one economics course; 210 is recommended but not required.
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4.00 Credits
Topics covered in this course include analysis of international trade and financial relationships; recent problems and developments in world commercial, monetary, and financial policy; and the economic aspects of international cooperation. Prerequisites: Economics 101 and 102.
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4.00 Credits
GIS, Human Rights, Political Studies, RES This course explores one of the major events in the economic history of the 20th century: the collapse of the socialist system in the countries of the former Soviet Union and Central and Eastern Europe, and their transition to marketbased economies. It analyzes economic challenges associated with the transition process and investigates policy tools that these countries have used in an attempt to address these challenges. The range of topics covered includes privatization, price liberalization, inflation, unemployment, changes in the composition of output, foreign direct investment, and the fight against corruption, among others. Emphases are placed on the impact of the economic transformation on social indicators such as income distribution, poverty, education, and health, and on future challenges faced by the transition countries. Prerequisite: one economics course or permission of the instructor.
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4.00 Credits
American Studies A basic analysis of trends and events that shaped the economic development of the United States from the colonial period to contemporary times. Topics include economic aspects of the Constitution; the role of government in the economy; the rise of monopolistic corporations; income and wealth inequality; the Populist, Socialist, and Progressive movements; the growth of the welfare state from the New Deal to the War on Poverty; and the monetary system. Prerequisite: Economics 101 or 102.
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4.00 Credits
An examination of the political and economic problems of countries in Eastern Europe and the former Soviet Union that are making the transition from the Soviet economic system to freemarket capitalism. Most of these economies have experienced a dramatic fall in output. Necessary reforms are analyzed and merits of various proposals for making a successful transition debated. Topics discussed include privatization of state-run enterprises, deregulation of prices and inflation, government debt and the tax system, and the role of international lending institutions such as the IMF. Prerequisite: Economics 101 or 102 or permission of the instructor.
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4.00 Credits
This course surveys world economic history from Paleolithic times to the present. Major themes include the role of social institutions in promoting or inhibiting economic development; competition for territory and natural resources; population growth and decline; the disparity of wealth among nations; class structure and class struggles. Topics addressed include feudal systems, colonial systems, industrialization, urbanization, globalization, transition economies, economic imperialism, and environmental impacts of economic activity. Prerequisite: one economics course.
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4.00 Credits
Asian Studies, GIS An analytical examination of important historical events and circumstances that shaped the economic landscape of Asia in the 20th century. Topics include colonialism and economic dependency, the impact of the World Wars, and postindependence nation-building. The evolution of economic development strategies such as import-substituting industrialization, national planning, export-led growth, regional integration, and globalization is studied. The impact of history, geography, and institutions on economic activity is emphasized. Prerequisite: Economics 101 or 102, or permission of the instructor.
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4.00 Credits
Asian Studies, GIS, RES Central Asia has attracted attention in recent years due to its vast reserves of oil and natural gas and geographic proximity to Russia, China, and Afghanistan. Yet little is known about the region, which includes Mongolia and five countries of the former Soviet Union (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan). This course explores the economic history of Central Asia from early times until today. Several major themes will be explored, among them the Silk Road's effect on the lifestyle and economic well-being of the Central Asian population; the lasting influence that the rise of Genghis Khan in the 13th century had on the region; and the impact that the discovery of oil and natural gas in the 19th century has had on Central Asia. Finally, the course considers the challenges that Central Asia faces today, as it attempts to leave behind the Soviet legacy and move forward.
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