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Course Criteria
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3.00 Credits
A survey of the main trends of economic thought from Adam Smith to the present. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors and minors. Division III elective for all other majors. Prerequisite: ECO202.
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3.00 Credits
An examination of the basis for trade among nations and the implications of trade restricting policies on a nation's welfare. The open economy and the implications for fiscal and monetary policies in achieving various economic goals. An introduction to international finance and various exchange and payment mechanisms. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors and minors. Division III elective for all other majors. Prerequisites: ECO201, ECO202 or permission of the Department Chairperson.
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3.00 Credits
This course applies economic development concepts and theories to present world economic development issues and problems. Topics covered include the causes and distributional effects of economic growth; migration and urban unemployment; oppression, the welfare effects of technical change; the role of agrarian institutions in the development process; the impact of alternative development policies and strategies on various populations; and poverty and famine in developing countries. This course will increase awareness of growth issues in the context of a multicultural world. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors. Prerequisite: ECO201 or ECO202 or permission of Department Chairperson.
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3.00 Credits
An analysis of the way in which market structure influences or is influenced by market conduct and performance and therefore affects the nation's economic welfare. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors. Division III elective for all other majors. Prerequisite: ECO202.
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3.00 Credits
The economic functions of state and local governments with special emphasis on the Commonwealth of Massachusetts. Topics discussed are Massachusetts's fiscal structure, property tax, personal income tax, principles of taxation, program budgeting, cost effectiveness, and special services. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors. Division III elective for all other majors. Prerequisite: ECO200 or permission of Department Chairperson.
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3.00 Credits
The micro and macro economic roles and responsibilities of government are reviewed and analyzed. Topics discussed are fiscal policy, income distribution, principles of taxation, the taxpayers' revolt, state and local government finance, revenue sharing, and the fiscal crisis of cities. Current issues are used for analytical purposes. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors. Division III elective for all other majors. Prerequisite: ECO200 or ECO201.
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3.00 Credits
The organization of health care, the problems associated with various alternate delivery systems, the utilization and availability of physicians and other paramedical personnel, the growth and pressures exerted by third-party payers, and consideration of federal, state, and municipal participation in the delivery of quality medical care under the various alternatives for national health care. Three lecture hours per week. The course is offered on a periodic basis. Elective for Economics majors. Division III elective for all other majors. Prerequisite: ECO200 or ECO201.
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3.00 Credits
This course will study environmental and natural resource economics. Resource allocation, government regulation, the presence of externalities, economic growth and poverty will be analyzed in terms of their impact on depletion, conversation and restoration of our natural resources. Three lecture hours per week. This course is offered on a periodic basis. Division III elective for all other majors. Prerequisite: ECO202.
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3.00 Credits
Using examples and applications from the sports industry, this course applies a wide range of economic principles to the study of sports. Industrial organization, public finance, and labor economics represent some of the areas of economics used to analyze the economic impact of the sports industry. Theories related to the issue of profit vs. not for profit companies will be explored. Three lecture hours per week. This course is offered on a periodic basis. Elective for Economics majors. Prerequisite: ECO200 or ECO202.
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3.00 Credits
Probability is the study of uncertainty using mathematics. Game theory is the use of mathematical models to analyze strategic choice. This course attempts to merge the two in a comprehensive integration of the two fields. Basic topics that will be covered include extensive and normal form games, the Nash equilibrium, dominant and mixed strategies and probability. Advanced topics will include utility and risk, brinkmanship, auctions, elementary calculus, and the theory of moves. Games will be analyzed with and without complete information, in both a static and dynamic context. This course is highly influenced by the field of economics and will include many economic examples of game theory in practice. Other examples will draw from psychology, sociology, history and politics. Three lecture hours per week. Prerequisites: MAT108 and either ECO201 or ECO202.
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