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  • ECON 331: Labor Economics

    3.00 Credits
    Bates College

    A study of human resources and the labor market. Topics include racial and sexual discrimination, theories of unemployment and job search, income distribution and poverty, Becker's new household economics, unions and collective bargaining, and government intervention in the labor market. Prerequisite(s): Economics 255 and 260. Enrollment limited to 25. J. Hughes.
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  • ECON 333: International Trade

    3.00 Credits
    Bates College

    Classical and modern theories of international trade analyzed in light of current trends and patterns in the world economy. Attention is focused on the gains from trade, the impact of tariffs and other types of trade restrictions on national economic welfare, the trade problems of less-developed countries, and the theory of economic integration. Prerequisite(s): Economics 255 and 260. Staff.
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  • ECON 334: International Macroeconomics

    3.00 Credits
    Bates College

    Study of the impact of international trade; international capital movements; and balance of payments policies on domestic output, employment, and price levels. Prerequisite(s): Economics 255 and 270. Enrollment limited to 30. D. Aschauer, D. Riera-Crichton.
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  • ECON 335: Health Economics

    3.00 Credits
    Bates College

    The health care industry represents a rapidly growing proportion of government expenditures and the U.S. economy as a whole. This course offers theoretical and empirical analyses of health care markets and individual decisions with respect to health and health care. These issues require special consideration due to asymmetric information in insurance markets and the physician-patient relationship; uncertainty in health shocks and expenditures; and interactions between health care providers, insurers, employers, and public health insurance programs. The class considers these issues primarily in a microeconomic framework and explores econometric techniques commonly used in the study of health and health care. Prerequisite(s): Economics 255 and 260. Normally offered every year. N. Tefft.
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  • ECON 339: Industrial Organization

    3.00 Credits
    Bates College

    Theories of the firm are used to explain the organization of economic activity across markets and within firms. The effects of pricing behavior, merger activity, advertising, and research and development on efficiency and social welfare are examined. Prerequisite(s): Economics 255 and 260. C. Schwinn.
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  • ECON 348: Urban Economics

    3.00 Credits
    Bates College

    Microeconomic tools are applied to analyze cities. Among the topics are the spatial structure of cities, trends in urban development in the United States, urbanization and African development, industrial and residential location choices, rent control, housing subsidies, squatter settlements, racial segregation, and urban finance. Prerequisite(s): Economics 255 and 260. M. Murray.
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  • ECON 349: The Economics of Taxation

    3.00 Credits
    Bates College

    Governments finance their activities by taxing or borrowing. Do taxes promote economic efficiency Are taxes fair In this context and with a focus on the U.S tax structure, students examine taxes on personal and corporate income as well as taxes on consumption and wealth, considering these questions: Should we repeal the "death" tax Should we reduce taxes on capital gains Should we eliminate double taxation on dividends Should we replace our income tax with a flat tax plus a negative-income tax Would a value-added tax be better than an income tax Are deficits a tax on future generations Prerequisite(s): Economics 255, 260, and 270. G. Perkins.
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  • ECON 350: Microeconomics of Banking

    3.00 Credits
    Bates College

    Financial intermediation is a sine qua non for exchange in any but the simplest of barter economies. The course explains why banks and other financial intermediaries exist and how they facilitate exchange. A balance is struck between institutional aspects of intermediation and the theory of banking. Topics include the lender-borrower relationship, equilibrium and rationing in the credit market, bank runs and systemic risk, managing risks in the banking firm, regulation of intermediaries, and the macroeconomic consequences of financial imperfections. Prerequisite(s): Economics 255, 260, and 270. G. Perkins.
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  • ECON 360: Independent Study

    3.00 Credits
    Bates College

    Students, in consultation with a faculty advisor, individually design and plan a course of study or research not offered in the curriculum. Course work includes a reflective component, evaluation, and completion of an agreed-upon product. Sponsorship by a faculty member in the program/department, a course prospectus, and permission of the chair are required. Students may register for no more than one independent study per semester. Normally offered every semester. Staff.
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  • ECON 457: Senior Thesis

    3.00 Credits
    Bates College

    Prior to entrance into Economics 457, students must submit for approval a thesis proposal based on work done in a nonintroductory course. Economics 457 is for fall theses and Economics 458 is for winter theses. Honors thesis writers enroll for both Economics 457 and Economics 458. Prerequisite(s): at least two 300-level economics courses. [W3] Normally offered every year. Staff.
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