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Course Criteria
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4.00 Credits
Introduces theories of the determinants of output, employment, and inflation; the role of government expenditure and taxation; the nature and control of the money supply and alternative analyses of its influence; current policy debates; and international trade and finance. Meets Social Sciences III-A requirement S. Khan, F. Moseley 4 credits
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3.00 Credits
The Department of Economics does not offer a business major. However, we do offer an accounting course that will be of interest to students interested in business. The accounting course does not serve as an introduction to economics or as a part of the major. The course, while using traditional accounting techniques and methodology, will focus on the needs of external users of financial information. The emphasis is on learning how to read, interpret, and analyze financial information as a tool to guide investment decisions. Concepts rather than procedures are stressed and class time will be largely devoted to problem solutions and case discussions. A basic knowledge of arithmetic (+,-,,/) and a familiarity with a spreadsheet program is suggested. See http://www.mt holyoke.edu/courses/cljohnso. Does not meet a distribution requirement C. Johnson Prereq. Not open to first-year students; 4 credits
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3.00 Credits
These 200-level courses investigate a particular topic in economics at some depth without presupposing prior knowledge of economics. Many students may find one or more of these courses useful complements to majors and minors other than economics.
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3.00 Credits
The course will illustrate and analyze the strategies used in making interrelated decisions. Concepts from game theory will be developed using examples and cases drawn from economics, business, politics, and even sports. Applications will include the Prisoner's Dilemma and related games, signaling, bargaining, voting and power, brinkmanship, and nuclear deterrence. Does not meet a distribution requirement M. Robinson Prereq. Not open to first-year students as their first course in economics; 4 credits
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3.00 Credits
This course provides an overview of economic development in East Asia. The complex interplay of public policy, global competition, and domestic economic relationships in China, Japan, and Korea will serve as the core subject matter of the course, though patterns of economic development in Indonesia, Malaysia, and Singapore will also be discussed. Special attention is given to conditions under which regional economies have successfully blended elements of import- substituting industrialization with export- oriented growth. The course will conclude with a discussion of the impact of the regional economic crisis, the current wave of reforms, and the potential for future growth and development. Meets Social Sciences III-A requirement S. Gabriel Prereq. not open to first-year students as their first course in Economics, but presupposes no prior knowledge of economics; 4 credits
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3.00 Credits
Application of economic analysis to environmental issues. Topics include: relationships between growth, development, and the environment; effects of externalities on market outcomes; market and nonmarket solutions to environmental problems; cost-benefit and risk-benefit analysis; efficient and equitable use of depletable and nondepletable natural resources. Meets Social Sciences III-A requirement J. Christiansen Prereq. not open to first-year students as their first course in economics; 4 credits
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3.00 Credits
Economic aspects of the delivery and financing of health care in the United States. Analysis of private markets, economic organizations, and public policy issues. Consideration of such questions as:What determines the fairness and efficiency of providing medical services What influences do factors other than medical care, such as prevention, lifestyle modification, and environment, have on health, and how can policies affect them How does the U.S. health care system compare to those of other countries Meets Social Sciences III-A requirement Prereq. Not open to first-year students as their first course in economics; 4 credits
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3.00 Credits
(Same as History 209s) Examines the historical development of the U.S. economy from the colonial period to the present from a variety of theoretical perspectives. The main questions addressed are:What are the reasons for the successes of the U.S. economy (growth, increased productivity, increased living standards, etc.) What are the causes of the problems or failures in the U.S. economy (unemployment, inflation, inequality, poverty, etc.) How have different groups in society (classes, races, and genders) been affected differently by these successes and failures What has been the role of the government in the U.S. economy The 4th hour is mainly for students who have not had Econ 103 and/or 104. Meets Social Sciences III-A requirement F. Moseley Prereq. Not open to first-year students as their first course in economics; 4 credits
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3.00 Credits
Introduction to the Marxian theory of capitalism, as presented in the three volumes of Capital. Marxian theory is applied to analyze the causes of contemporary economic problems, such as unemployment and inflation, and the effectiveness of government policies to solve these problems. Comparisons made between Marxian theory and mainstream macro- and microeconomics. Meets Social Sciences III-A requirement F. Moseley Prereq. Not open to first-year students as their first course in economics; 4 credits
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3.00 Credits
Intermediate macroeconomic theory. Analysis of causes of long-run economic growth and short-run business cycles. Study of the microeconomic foundations of macroeconomic models, consumption, investment, government spending, net exports, money supply, and money demand. Examination of fiscal and monetary policy and U.S. economic relations with the rest of the world. Meets Social Sciences III-A requirement J. Hartley, J. Christiansen Prereq. Economics 103 and 104 and Mathematics 101 or permission of instructor; Students who have taken the International Baccalaureate or A-Level exams in economics should consult the department before registering for the course.; 4 credits
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