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Course Criteria
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0.00 Credits
This course addresses the historical development of capitalism emphasizing, in the process, the radical transformations that capitalist economies have undergone in the course of their growth and development. Particular emphasis will be placed on the rise and decline of the Golden Age (1945-1973), the accompanying comparative macroeconomic performance of advanced capitalist economies over the past 50 or so years, and the prospects for future growth and development in the capitalist economies of Asia, Europe, and North America. Prerequisite: C- or better in Economics 101. 1.00 units, Lecture
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0.00 Credits
Homos economicus has tended to be cast as fairly selfish person. How is it that such self-centered persons find a way to cooperate, at least some of the time This class will explore how cooperation emerges out of selfish behavior in situations where it does not pay to cooperate. We will explore other social phenomena like discrimination and spatial separation, the development of group or "social capital," how identity can affect behavior, and how even utility maximizers base their decisions on the decisions of others (which casts doubt on the idea of autonomous persons). We will consider altruism, hatred, and social norms using the traditional tools of economic analysis. Prerequisite: C- or better in Economics 101. 1.00 units, Lecture
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3.00 Credits
This course will introduce students to the basic ingredients of policy analysis rooted in the microeconomics of externalities (social, economic, and political), public goods, common property, information failure, absence of competition, and distributional concern. This course is not open to students who have previously earned credit for Economics 306 or Economics 311. Prerequisite: C- or better in Economics 101. 1.00 units, Lecture
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0.00 Credits
This course examines the multiple dimensions of economic globalization that are bringing about the ever-closer integration of national economies into one global world economy, and the accompanying fissures and conflicts that globalization has given rise to. Guided by modern economic theory, it will introduce students to multiple perspectives on the most prominent debates in the contemporary global and domestic economic arenas. We will analyze the dynamics of the world of global finance, the sources and consequences of the current financial crisis, the controversy surrounding free trade and labor rights, outsourcing, and finally, international migration. Within this context, we will pay special attention to key factors such as hedge funds, institutional investors, multinational corporations, and labor unions, and to the ways in which the dynamics of the global economy affect developed countries vs. emerging markets. Prerequisite: C- or better in Economics 101. 1.00 units, Lecture
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This course presents the political and economic development of the market economy and commercial society in Western Civilization over the last 400 years. Its focus is on the classical liberal ideas that influenced the historical-institutional evolution from a society of status and class to one of contract and market association. The socialist and nationalist critiques of classical liberal society are evaluated in the context of the actual historical developments in Western society, and the reality of collectivist central planning in practice during the 20th century. Finally, the revival of market liberalism is evaluated in the context of the new global economy of the 21st century. Prerequisite: C- or better in Economics 101. 1.00 units, Lecture
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3.00 Credits
Submission of the special registration form, available in the Registrar's Office, and the approval of the instructor and chairperson are required for enrollment. Prerequisite: C- or better in Economics 101. 1.00 units min / 2.00 units max, Independent Study
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A study of the determination of the prices of goods and productive factors in a market economy and the role of prices in the allocation of resources. Required of all majors in economics. Prerequisite: A grade of C- or better in Economics 101. In addition C- or better in one 200 level economics course or sophomore or higher class standing. Concurrent enrollment in Economics 301 and Economics 302 is not allowed. 1.00 units, Lecture
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0.00 Credits
An analysis of aggregate income, output, and employment, which includes the following topics: national economic accounts; theories of consumption; investment and money; Keynesian and Classical models; the monetary-fiscal debate; inflation, unemployment and growth. Required of all majors in economics. Prerequisite: A grade of C- or better in Economics 101. In addition C- or better in one 200 level economics course or sophomore or higher class standing. Concurrent enrollment in Economics 301 and Economics 302 is not allowed. 1.00 units, Lecture
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0.00 Credits
An examination of a number of the important issues in modern labor economics. Topics include (but are not limited to): the determinants of labor supply, with special emphasis on the growth of women's labor supply during the last century; the demand for labor and the determination of wages; discrimination in labor markets. Prerequisite: C- or better in Economics 101 and 301. 1.00 units, Lecture
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0.00 Credits
The notion that legal rules of property, contract and tort create implicit prices on different sorts of behavior underlies the economics approach to the study of law. This course brings together two disciplines (economics and law) to examine fundamental rules governing an exchange economy. Topics to be covered include property, torts (non-criminal harm or injuries), contract and crime. Each of these areas of law involves issues of efficiency and equity. Please note, this is not a course in law but in the economics of law. Prerequisite: C- or better in Economics 101; 301 advised, but not required for the legal studies minor. 1.00 units, Lecture
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