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Course Criteria
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3.00 Credits
Distribution Course in Society. Class of 2009 & prior only. Prerequisite(s): ECON 101; MATH 104 and MATH 114 or MATH 115. ECON 103 is recommended. Credit cannot be received for both ECON 033 and 233. In addition, the LPS 200-level course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. Labor supply and labor demand, income distribution, labor market contracts and work incentives, human capital, labor market discrimination, job training and unemployment.
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3.00 Credits
Distribution Course in Society. Class of 2009 & prior only. Prerequisite(s): ECON 101; MATH 104 and MATH 114 or MATH 115. Credit cannot be received for both ECON 036 and 234. In addition, the LPS course, when offered, MAY NOT count for Economics Majors, unless you are officially registered as an LPS student. This course will use basic microeconomic tools to understand how the law often, but not always, promotes economic efficiency. Among the areas to be discussed will be tort law, property law, intellectual property, antitrust regulation. The distinction between common law and legislative law will be drawn.
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3.00 Credits
Distribution Course in Society. Class of 2009 & prior only. Prerequisite(s): ECON 101; MATH 104 and MATH 114 or MATH 115. ECON 103 is recommended. Credit cannot be received for both ECON 035 and 235. In addition, the LPS 200-level course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. Theories of various industrial organizational structures and problems are developed, including monopoly, oligopoly, nonlinear pricing and price discrimination. These theories are used to model various industries, antitrust cases, and regulatory issues.
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3.00 Credits
Prerequisite(s): ECON101, MATH 104, and either MATH 114 or MATH 115. For ECON majors only. Intermediate Micro is a prerequisite and this course will use advanced quantitative methods. Students may not take Econ 039, HCMG 202. Cross-listed with HCMG 302. In addition, the LPS 200-level course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. This course provides an application of economic principles to the health care sector. By recognizing the importance of scarcity and incentives this course will focus on the critical economic issues in producing, delivering and financing health care. In particular, the course will analyze determinants of demand for medical care, such as health status, insurance coverage and income; the unique role of physicians in guiding and shaping the allocation of resources in medical care markets; and competition in medical care markets, especially among hospitals. Special emphasis will be placed on the evaluation of policy instruments such as government regulation, antitrust laws, 'sin taxes' on cigarettes and alcohol, and public health programs. The course will use more advanced quantitative methods and formal economic theory; knowledge of calculus and basic microeconomics are recommended.
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3.00 Credits
Inman. Prerequisite(s): ECON 101, ECON 102, MATH 104 and MATH 114 or 115. The purpose of this course is to examine the financing of governments in the urban economy. Topics to be covered include the causes and consequences of the urban fiscal crisis, the design of optimal tax and spending policies for local governments, funding of public infrastructures and the workings of the municipal bond market, privatization of government services, and public financial systems for emerging economies. Applications include analyses of recent fiscal crises, local services and taxes as important determinants of real estate prices, the infrastructure crisis, financing and the provision of public education, and fiscal constitutions for new democracies using South Africa as an example.
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3.00 Credits
Distribution Course in Society. Class of 2009 & prior only. Prerequisite(s): ECON 101, 102, 103; MATH 104 and MATH 114 or MATH 115. ECON 220 and/or ECON 221 are highly desirable but not strictly required. In addition, the LPS 200-level course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. This course provides a comprehensive introduction to international financial markets and macroeconomic fundamentals, and the links between them, as relevant for exchange rate forecasting, portfolio allocation, hedging, risk management, and asset pricing in global contexts. The course is demanding and very highly quantitative.
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3.00 Credits
Distribution Course in Society. Class of 2009 & prior only. Prerequisite(s): ECON 101 and 102; MATH 104 and MATH 114 or MATH 115. ECON 103 is recommended. A student may not receive credit for ECON 072 and ECON 242. In addition, the LPS 200-level course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. This course covers topics of interest in macroeconomics. It studies how household decision making and government policies and interventions determine macroeconomic aggregates. There will be an emphasis on developing and applying economic models. Students are expected to have completed intermediate macroeconomics Econ 102.
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3.00 Credits
Distribution Course in Society. Class of 2009 & prior only. Prerequisite(s): ECON 101 and 102; MATH 104 and MATH 114 or MATH 115. ECON 103 is recommended. In addition, the LPS 200-level course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. This is an advanced course in macroeconomics. A relatively simple, but well defined and internally consistent model of the U.S. economy is set up and used to study how output is generated given the initial resources, how output is divided between consumption and addition to capital stock, and how this process accumulates over time. The role of prices including the rate of interest in this process is also reviewed, and monetary and fiscal policies needed to improve the performance of the economy under such circumstances are discussed.
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3.00 Credits
Distribution Course in Society. Class of 2009 & prior only. Prerequisite(s): ECON 101 and 102; MATH 104 and MATH 114 or MATH 115. ECON 103 is recommended. In addition, the LPS 200-level course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. Fundamentals of modern macroeconomic modeling and applications for forecasting and policy analysis. Attention will focus on representing such macroeconomic phenomena as inflation, unemployment, the business cycle, productivity, and secular growth. Students will build a macro model. Topics will include how to simulate a range of fiscal and monetary policies and how to measure their effectiveness for stabilization and growth.
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3.00 Credits
Prerequisite(s): ECON 101, ECON 102, MATH 104 and MATH 114 or 115. The LPS 200-level course, when offered, WILL NOT count for Economics Majors unless you are officially registered as an LPS student. This course will introduce students to mathematical tools that are commonly used in modern economics and give students experience using these tools to answer economic questions. Topics covered may include constrained optimization, duality, dynamic fixed point theorems and optimal control theory.
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