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Course Criteria
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3.00 Credits
May be taken for multiple course unit credit.
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3.00 Credits
This is a seminar course where students hear different perspectives in the biotechnology and pharmaceutical industry. Speakers will discuss their experiences in business startups, technology transfer, bioinformatics, pharmaceutical houses, and academics.
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3.00 Credits
Independent Study
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3.00 Credits
May be counted as a General Requirement Course in Society. Class of 2009 & prior only. Staff. Prerequisite(s): ECON 1 or equivalent. This course uses microeconomics to evaluate public policy. The course has two aims. The first aim is to provide a microeconomic toolkit that we will use to identify failures of the competitive market; the circumstances in which government intervention can improve economic efficiency; and alternatives to government intervention. The second aim of the course is to apply this toolkit to current policy issues, including environmental regulation, tax policy, health care reform and the problem of the uninsured; education policy; social security reform and the costs and benefits of private accounts; antitrust policy, and policy to promote research and development.
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3.00 Credits
Allen. Prerequisite(s): None, but microeconomics helpful. Some elementary economics will be utilized and will be developed in class. This course is an introductory course designed to familiarize the student with the subject matter of transportation. Expenditure in the transportation industry totals 16% of the US Gross Domestic Product and transportation and other supply chain expenditures in many firms are second only to labor costs. While the industry has been substantially deregulated in the last 25 years, the transition to deregulation is not complete and the legacy of 100 years of regulation still exists. In addition, the industry is unique in the sense that a major portion of the major factor of production (its infrastructure) is publicly financed. These factors make the industry different from others and suggest different management policies. Topics covered include: location analysis, mass transport, costs and pricing analysis, regulation and deregulation, and economic development.
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3.00 Credits
Bailey. Prerequisite(s): ECON 001 or equivalent. This course focuses on business issues that are mediated through the public secor. Specific governmental policies towards markets will be examined, including antitrust policy, economic regulation and deregulation, social regulation, and market infrastucture (intellectual property, fraud and securities regulation.) The course includes discussion of corporate responsibility and ethical issues in international business. Lectures and case studies focus on currently pending actions worldwide, including Internet related issues. The course applies theoretical principles of strategic thinking, industrial organization, and political science to studying the interactions between multinational firms and political institutions.
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3.00 Credits
Pack, J. Prerequisite(s): Microeconomics. Cost benefit analysis -- the principal tool for project and policy evaluation in the public sector. For government whose "products" are rarely sold, the valuation of costs and benefits by means alternative to market prices is necessary. It is the counterpart to cost accounting in private firms and provides guidance for avoiding wasteful projects and undertaking those that are worthwhile. Given government regulations, cost benefit evaluations are critical for many private sector activities. Real estate developers, manufacturing firms, employers of all types are required to provide evaluations of environmental impacts and of urban impacts for their proposed projects. They too must engage in cost benefit analysis, in the valuation social benefits and costs. Government analysts, consultants, and private firms regularly carry out cost benefit analyses for major investments -- bridges, roads, transit systems, convention centers, sports stadia, dams -- as well as for regulatory activities -- -- OSHA workplace safety regulations and the Clean Air Act are two important examples.
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3.00 Credits
Pack, J. Prerequisite(s): Microeconomics. This course considers the pervasive interactions between real estate developers and government. Governments influence real estate development in many ways: through zoning laws, taxes, public expenditures, impact fees, infrastructure, building codes, environmental regulations, to name just a few. Private real estate developers are the prime movers in determining urban development patterns. Thus, we will consider how private development is influenced by, and influences, government regulation, the government policies listed above and how governments influence and respond to private activity. As a "case study" of this interaction between government and real estate developers and markets, we will consider one of the major policy interventions currently being advocated, adopted, and considered by governments throughout the country - growth controls or smart growth to deal with the alleged problem of urban sprawl. To this end, we will consider what is meant by urban sprawl, why it is considered a problem - by whom - why growth controls are considered a solution to the problem, the possible effects of growth controls on various groups, the views of developers about both urban sprawl and growth controls. Several guest lecturers from the private, not-for-profit, and public sectors are scheduled to make presentations.
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3.00 Credits
Asher. Prerequisite(s): ECON 1. The course is designed to teach students how to think as an economist about legal rules; to evaluate alternative legal rules against standards of economic efficiency and distributive justice; and to understand the nature of the legal process and several specific areas of the law. With the use of alternative texts, both deductive and inductive reasoning will be employed to study the formation and interpretation of legal rules.
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3.00 Credits
Inman. Prerequisite(s): Introductory Economics, FNCE 101. 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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