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Course Criteria
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3.00 Credits
Theoretical analysis of consumer and firm behavior, the role of prices in an economic system with various market structures, interrelationships of product and factor markets in a general equilibrium model, and the implications of the price system for resource allocation and economic welfare. Meets Social Sciences III-A requirement M. Guldi 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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3.00 Credits
A?er an intensive exposure to the concepts of economic growth, development, poverty, and inequality (including measurement issues), the major competing theoretical perspectives on economic growth, development, and underdevelopment up to the current state of the controversy in the field will be covered. These controversies will be carried through to major topics pertaining to economic globalization such as foreign aid, international trade, debt, foreign investment, and IMF/World Bank-led structural adjustment. Poverty and the role of governments and markets are key themes of the course. Meets multicultural requirement; meets Social Sciences III-A requirement S. Khan Prereq. Economics 103 and 104; 4 credits
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3.00 Credits
An investigation of the economic foundations for investment, financing, and related decisions in corporations. Topics include capital markets and institutions; analysis of financial statements; sources and uses of funds; capital budgeting and risk; cost of capital; portfolio theory; the impact of corporate decisions on the economy. Some attention given to recent developments in the stock market, in the merger movement, and in international finance. See http://www.financeclass. us for a more detailed description. Does not meet a distribution requirement S. Gabriel Prereq. soph, jr, sr, Economics 103 and 104; \4 credits
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3.00 Credits
This course investigates reasons why nations trade and factors that determine trade patterns. Using the basic tools of microeconomics, it explores theoretical explanations to these questions and considers the welfare and distributional impacts of free trade among countries. Further topics include barriers to trade, reasons for limiting trade, economic integration, and some current trade policy issues. The objective is to provide students with basic concepts and theories in international trade and to apply them to current issues in the economic and political arena. Meets Social Sciences III-A requirement Prereq. Economics 103 and 104; 4 credits
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1.00 Credits
A one-semester course in open-economy macroeconomics and international finance. There are two objectives for this course. First to introduce the students to basic concepts and models in international finance and second is to provide an opportunity for students to apply these concepts and models to a selection of current policy issues in international finance. The emphasis is on recent theoretical and empirical work dealing with the post-BrettonWoods international monetary system. Meets Social Sciences III-A requirement Prereq. Economics 103 and 104; 4 credits
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3.00 Credits
A study of statistical methods applied to economic and social data. Measures of central tendency and dispersion, point and interval estimation, hypothesis testing, simple correlation, and simple and multiple regression analysis. Does not meet a distribution requirement M. Robinson, Prereq. Economics 103 and 104 and Mathematics 101 or permission of instructor; 4 credits
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4.00 Credits
Does not meet a distribution requirement Prereq. soph, jr, sr, and permission of department; 1 to 4 credits
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3.00 Credits
The following seminars have 200-level prerequisites and are intended to provide the student with an extensive and in-depth analysis of a particular subject.
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3.00 Credits
Analysis of theoretical models and empirical studies on the economic performance of industries. Approaches studied include transactions costs economics, game theory, and pricing models. Topics include advertising; research and development; relationships between government and business such as regulation and antitrust laws. Students will conduct and present individual research projects. Does not meet a distribution requirement Prereq. jr, sr, Economics 212; 4 credits
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3.00 Credits
Overview of the public sector and the scope of government intervention in economic life through taxation and government spending. Basic principles of taxation as well as who bears the burden of taxes and the consequences for efficiency, employment, and economic growth. Theory of public goods and externalities including an evaluation of specific programs such as the Kyoto Protocol. Economic principles of income redistribution and social insurance as well as applications to current policy areas such as health, TANF (public assistance), unemployment insurance and Social Security. Does not meet a distribution requirement M. Guldi Prereq. Economics 211, 212; 4 credits
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