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Course Criteria
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3.00 Credits
The economic role of government in the United States economy. Three parts: an analysis of market failures, an examination of government social insurance and welfare programs, and an investigation of the federal tax system. Prerequisite: Economics 223, 224. Three or four credit hours.
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3.00 Credits
Globalization refers to a variety of political, economic, cultural, and social changes that are transforming our world. Countries are increasingly interconnected by flows of information and technology, capital and labor, ideas and culture. We will use China as a case study to address some major issues concerning globalization: its problems and prospects; terms of trade between and among nations; sweatshop labor; the role of states, markets, and global institutions; human rights and cultural preservation. Prerequisite: East Asian Studies 152 or Anthropology 112 or Government 131. Four credit hours. S.
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3.00 Credits
Wage determination and allocation of human resources in union and nonunion labor markets. Theories of labor supply, labor demand, and human capital investment; related public policy issues such as minimum wage laws, income maintenance, and discrimination. The operation of labor markets in the macroeconomy, with particular emphasis on the role of implicit and explicit labor contracts in explaining aggregate wage stickiness, inflation, and unemployment. Prerequisite: Economics 223. Four credit hours. BARBEZAT
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3.00 Credits
An examination of price level and income determination in an open economy, the choice of exchange rate regime and its impacts on macroeconomic stability, constraints on the formulation and implementation of monetary and fiscal policy in an open economy, and the debate over the desirability of international coordination of macroeconomic policies. Emphasis on application of theoretical concepts to analyze historical and current events. Prerequisite: Economics 224 and Mathematics 121 or 161. Four credit hours. VULETIN
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3.00 Credits
An introduction to international trade theory and policy. Topics include the determinants of international trade patterns, the gains from trade, distributional effects, increasing returns and scale economies, outsourcing, commercial policy, the political economy of trade policy, trade and labor, and environmental standards. Prerequisite: Economics 223. Four credit hours. WALDKIRCH
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3.00 Credits
Introduction to the concepts and applications of game theory, which studies the behavior of rational, strategic agents--players who must take into account how their opponents will respond to their own actions. It is a powerful tool for understanding individual actions and social institutions in economics, business, and politics. Topics include Nash equilibrium, subgame perfection, and incomplete information. Prerequisite: Economics 223 and a course in calculus. Four credit hours. LONG
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3.00 Credits
The use of statistical techniques to estimate and test economic models. Topics include multiple regression, multicolinearity, specification tests, serial correlation, heteroscedasticity, and the simultaneous-equations approach. Prerequisite: Economics 223, Mathematics 231 or 382. Four credit hours. SCHWINN
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4.00 Credits
Listed as Art 398. Four credit hours. SPURGEON
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3.00 Credits
Can Latin America compete in a globalized economy while providing opportunities for a sustainable increase in the quality of life for its citizens Seminar explores economic constraints and opportunities for growth, including financial flows, human capital, inequality, trade, social entrepreneurship, and environment in Latin America. Prerequisite: Senior standing as an economics, Latin American studies, or international studies major and one of the following: Economics 214, 277, 278, 335, or 373. Four credit hours. I.
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3.00 Credits
How economists think about and evaluate multinational corporations, what MNCs are, what markets they operate in, and how they affect both host and home countries. Focus on the United States, with close examination of the operations of MNCs in developing countries, which directly addresses some of the major controversies surrounding MNCs. Prerequisite: Economics 223, 224 and senior standing as an economics or international studies major. Four credit hours. WALDKIRCH
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