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  • ECON 364: Economic Analysis of Business Strategies

    3.00 Credits
    Case Western Reserve University

    This course examines how companies compete against each other and interact with customers in an effort to increase profits. Topics include: pricing strategies, product differentiation, advertising, R&D strategies, bundling and tie-ins, entry barriers, mergers and acquisitions, collusion and cartels, the dynamics of network industries (e.g. information technology), and technology adoption and diffusion. The course will take two complementary perspectives. First, we will consider the point of view of companies, and ask how different business strategies can affect competitive success. Second, we will consider the perspective of consumers and policymakers: we will ask whether different firm strategies enhance or reduce social welfare, and will explore different policy options to increase welfare (e.g. antitrust policies, patent systems). The first part of the course will utilize a range of basic economic tools. In the second part of the course, we will apply what was learned in the first part to real examples of firms and industries, including both business and legal cases. Prereq: ECON 102.
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  • ECON 367: Energy Economics and Engineering Solutions

    3.00 Credits
    Case Western Reserve University

    This course examines the economics of markets for various energy sources, and the potential of emerging technologies to alter the market outcomes. We will look at why energy markets have historically been subject to extensive government intervention. We will analyze the effects of traditional policy measures such as price controls and regulation; and we will examine current policy issues arising from the relationships among energy use, economic growth, and the environment. Prereq: ECON 102.
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  • ECON 368: Environmental Economics

    3.00 Credits
    Case Western Reserve University

    This course will use economic theory as an aid to understanding environmental problems and their solutions. We will start with a study of the firm. Once we have developed an understanding of firms' incentives to pollute and overexploit natural resources, we will learn how various economic policies can change these incentives and thus prevent environmental degradation. Thereafter, we will evaluate the efficiency of these economic policies. Finally, we will apply our theoretical analysis to specific environmental problems. Prereq: ECON 102.
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  • ECON 369: Economics of Technological Innovation and Entrepreneurship

    3.00 Credits
    Case Western Reserve University

    This course is designed to help students identify, evaluate, and obtain control over technological opportunities so they may successfully understand the challenges of starting new companies. The course focuses on four themes: 1) the source, discovery and evaluation of technological opportunities; 2) the process of organizing a new firm to produce new technology that satisfies the needs of customers; 3) the acquisition of financial and human resources necessary to exploit technological opportunities; and 4) the development of mechanism to appreciate the returns from exploitation of technological opportunities. Prereq: ECON 102.
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  • ECON 372: International Finance

    3.00 Credits
    Case Western Reserve University

    This course deals with open-economy macroeconomics and international financial markets, covering open-economy national income analysis, international macroeconomic policy coordination, exchange rate determination, foreign portfolio investment, and global financial crises. Offered as BAFI 372 and ECON 372. Prereq: ECON 102 and ECON 103.
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  • ECON 373: International Trade

    3.00 Credits
    Case Western Reserve University

    This course deals with international trade theories and policies, covering gains from and patterns of trade, immigration, foreign direct investment, protectionism, multilateral trade liberalization, regionalism and the costs and benefits of globalization within as well as among nations. Prereq: ECON 102 and ECON 103.
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  • ECON 375: Economics of Developing Countries

    3.00 Credits
    Case Western Reserve University

    This course focuses on international aspects of economic development. The term "developing country" is often defined as a country that exhibits low per capita income, high poverty level, low level of industrialization, or low life expectancy. In terms of size, the developing countries make up at least three-fourth of the world population. Why do we study those countries' economies separately from the industrialized economies? In fact, low economic growth, high unemployment, or high poverty rates also exist in many developed countries. The differences lie not in the types of problems but in the causes of these problems. In addition, differences in the kind of institutions that prevail in developing countries also lead to different policy prescriptions. Among developing countries, differences in historical experience, cultural practices, political institutions and economic conditions are also enormous. Illustrations and explanations of those differences are provided from a wide range of developing countries. Prereq: ECON 102 and ECON 103.
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  • ECON 376: Inside the Financial Crisis

    3.00 Credits
    Case Western Reserve University

    This is a case study in the events surrounding the 2007 global financial crisis. The course will build from fundamental economic concepts into a comprehensive analysis of the elements which led to the collapse and the contemporary policy debates about the recovery. The background for debate will come from an analysis of: Housing and housing finance, bank runs and Bear Sterns, mortgage backed securities and toxic asset purchases. The course will then examine major components of the Dodd-Frank Act and enable students to assess whether the act will address the causes of the 2007 crisis and more importantly establish the conditions to prevent a future crisis. Prereq: ECON 102 and ECON 103.
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  • ECON 378: Health Care Economics

    3.00 Credits
    Case Western Reserve University

    The health care industry is the fastest growing sector of the U.S. economy, with expenditures on health care now accounting for over 14% of total GDP. Because of its complexity and sheer size, the health care industry affects virtually every facet of the economy including labor productivity, income distribution and international competitiveness. The goal of ECON 378 is to apply the tools of economic analysis to develop students' understanding of health care markets and related public policy issues. The course begins with an overview of the health care system in the U.S. with attention to disturbing statistics that have inspired calls for reform. The remainder of the course is approximately divided between analysis of the consumer side of the health care market and analysis of the provider side. Throughout the course, proposals for reforming the health care system will be described and discussed. Prereq: ECON 102.
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  • ECON 386: Urban Economics

    3.00 Credits
    Case Western Reserve University

    Microeconomic theory as taught in principles (and even intermediate) does not usually take into account the fact that goods, people, and information must travel in order to interact. Rather, markets are implicitly modeled as if everyone and everything is at a single point in space. In the first part of the course, we will examine the implications of spatial location for economic analysis. In the second part of the class, we will use microeconomic tools to understand urban problems. Topics that we will cover include urban growth, suburbanization, land use, poverty, housing, local government, transportation, education, and crime. Prereq: ECON 102.
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