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Course Criteria
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4.00 Credits
Human Rights The economic approach focuses on the choices people make in the context of given opportunities and constraints, and on how they respond to changes in incentives. This course applies economic principles to study the incentive effects that legal sanctions have on human behavior. In addition to making scientific predictions with regard to individual responses, students evaluate the welfare implications of the law on the grounds of efficiency and equity. Four areas of law are analyzed: property law, contracts, torts, and the concept of crime and punishment. Time permitting, legal issues associated with racial discrimination, sex and marriage, surrogate motherhood, or prostitution are addressed. Algebra and graphs are used intensively as analytical tools. Prerequisites: Economics 101 and at least one additional course in microeconomic theory or applications.
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4.00 Credits
An examination of historical and contemporary work experiences of minority groups in the United States. Gender issues are addressed domestically and internationally, and the opportunities of women in developed countries are compared with those of women in developing countries, focusing on fertility, breast-feeding, nutrition, and labor force participation. Prerequisite: Economics 102.
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4.00 Credits
American Studies, GSS This course reexamines economics by looking at traditional theories through a feminist lens. Emerging feminist approaches challenge the currently used framework of economic analysis, at both the micro and macro levels, for omitting the crucial analytical category of gender. Feminist economics seeks to correct the mainstream vision of how contemporary societies organize the activities of production and distribution. Course topics include feminist critiques of economic theories: "en-gendering" the economicquestion per se; the importance of reconceptualizing the economy as a three-sector model- household, market, and government; household production versus market-oriented production- social division of labor by gender; contemporary labor market issues and policies, including wage gap, comparable worth, discrimination, and affirmative action; economic growth, poverty trends, and government policy; and "efficient" versus "equitable" growt
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4.00 Credits
Human Rights, Religion This course analyzes the relationship between religion and economic development. It examines the impact that religion and religious thinking have had on the formation of economic order in societies, considering, for instance, the role that monotheism has played in the development of economic ethics, and the views of different religions on globalization. It then considers the role that economic incentives have played in the growth and spread of religions, including Christianity and Islam. Other case studies include the analysis of the impact of the Templar Order of the 12th century on the development of financial institutions in Europe; the economic history of Russian Old Believers, a schismatic group of the Russian Orthodox Church; and the role that the lack of economic opportunities in the Middle East may have played in the growth of terrorism.
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4.00 Credits
Theories and measures of population as they pertain to economic and social spheres are developed and evaluated. The history of theories of population growth and population control and their consequences is traced from Malthus and Marx to Boserup, Simon, and Easterlin. Particular attention is paid to current population issues- fertility control, famine, ecological consequences of population pressure, and migration. Both domestic and international population policies are treated. Domestic issues involve migration and shifting demographics as evidenced by the latest census; international issues focus mainly on fertility control in developing countries. Math skills at the precalculus level are helpful. Prerequisite: Economics 102.
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4.00 Credits
Asian Studies, Environmental Studies, GIS, Human Rights, STS This course critically examines the concept and practice of community-based (or communityled) development as an alternative to the widely studied top-down theories and policies of development. Are the end goals of "development"universal outcomes such as income or relative outcomes that vary with the values of individuals or communities? Conceptualizations of wellbeing in Buddhist and Gandhian thinking are considered to highlight the cross-cultural differences in what constitutes a "good life." The classdevelops a broader definition of development as economic, social, and political empowerment that allows an individual or a community to achieve whatever it is that they value and desire. Also examined are several grassroots development movements that have focused on empowerment; two examples are the microcredit movement that began with the Grameen Bank of Bangladesh and the Sarvodaya Shramadana movement of Sri Lanka. Several innovative ideas that attempt to combine community empowerment with market expansion, such as fair trade, ecotourism, and microcredit, are studied. Throughout the course, the relationship of community-based development with ecological sustainability and political decentralization is highlighted. Prerequisite: Economy 101 or permission of instructor.
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4.00 Credits
Environmental Studies, Political Studies Game theory is about situations of strategic interaction, where the best strategy of a player is dependent on the strategies adopted by other players. This interdependence of action leads to circular chains of reasoning, which can be "cut"by using game-theoretic concepts such as dominance, Nash equilibria, backwards induction, subgame perfection, and perfect Bayesian equilibria. Throughout the course these concepts are conveyed by using examples from several fields, including economics, politics, environmental studies, business, and biology, and from real life. Prerequisites: precalculus and permission of instructor.
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4.00 Credits
Social Policy Sixty percent of U.S. federal government spending is on health, welfare, and retirement/disability insurance. What are the economic reasons for and against government intervention in these areas? What are the various programs designed to accomplish, and what behavioral incentives do they actually create? How well do these programs achieve their aims? Medicaid, Medicare, welfare, and Social Security have all undergone sweeping changes in recent years, with more changes on the horizon. This course examines major social programs from an economist's perspective. It develops theoretical models of individual behavior and market failure, and applies these models to U.S. policies as well as to other countries. The semester is structured as three separate modules covering each of the major topics. Prerequisite: Economics 101.
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4.00 Credits
Economics is all about the choices made by individuals, firms, and governments to cope with scarce resources. In sports, the behaviors of consumers, athletes, teams, leagues, cities, and states are public knowledge, and in this context we can see whether those behaviors follow patterns predicted by economic theory. A section on industrial organization looks at competition within and between leagues, as well as the impact of monopolies, cartels, and other forms of cooperation. Public sector issues include the relationship between cities and their teams, team relocation, and the costs and benefits of sports franchises. Finally, the course examines labor economics to shed light on how player salaries are determined, the relationship between athlete compensation and performance, and the peculiar case of amateur and college sports. Prerequisite: Economics 101.
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4.00 Credits
An economic analysis of political decision making, with a primary focus on the political structure within the United States. Topics include voting behavior by representatives in Congress and constituents at the polls, the effect of campaign contributions on elections and legislators' policy choices, how national policies are affected by individuals in the government who have agendas of their own, and the formation and success of lobby groups. Prerequisite: Economics 101 or 102.
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