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Course Criteria
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3.00 Credits
This course will focus on some of the important developments in modern economic thought after the "marginalist revolution" in the late 19th century. Topics may include the ideas of John Maynard Keynes and the evolution of contemporary macroeconomics, the socialist calculation debate and the possibility of centrally planned socialism, and contending perspectives about the role of government in the creation and protection of property rights and in the regulation of the macroeconomy. The course may also examine the ideas of economists who have criticized the marginalist orientation of economic theory and instead advocated a more social and institutionalist approach to understanding economic phenomena and behavior. Prerequisite: 301 or 302.(4 credits)
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3.00 Credits
History and analysis of economic growth and development in the so-called advanced countries, primarily Western Europe and the United States. Discussion centers on selected major topics since the rise of market economies with emphasis on the interpretation of these developments in light of contemporary economic theory and modern quantitative evidence. Prerequisite: 301 or 302. (Not offered 2008-2009) (4 Credits)
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3.00 Credits
Econometrics II builds upon the foundation of Introductory Econometrics. Among its goals are: to expand each student's proficiency in estimating and interpreting economic models, to enhance each student's ability to do economic research, to increase each student's ability to read the research literature and to better prepare those students desiring to go to graduate school in economics. Prerequisite: 307.(4 credits)
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3.00 Credits
The role money plays in determining economic outcomes, such as the level of employment, the aggregate price level, and the rate of economic growth, is one of the more controversial issues in economics. To get a handle on these controversies, this course explores the institutional structure of the U.S. monetary system, including the Federal Reserve, the body charged with the conduct of U.S. monetary policy. Then, the course compares and contrasts different perspectives on the role money plays in economic activity. The goal is to combine knowledge of the institutional structure of the U.S. monetary system with an understanding of the various theoretical perspectives on monetary theory in order to gain some insight into the difficult issues facing the conduct of successful monetary policy. This course builds towards simulated Federal Reserve Open Market Committee Meetings, in which students will form their own opinions about the influence monetary policy has on the rates of inflation, unemployment, economic growth and the distribution of income. Prerequisite: 301.(4 credits)
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3.00 Credits
The current context of globalization and regionalization is characterized by various patterns of development; most developing countries have been increasingly engaged in the liberalization of their economies; however, some of these countries have been experiencing fast economic growth, while other developing countries have been stagnating economically. This course is designed to survey and explain the economic successes and failures of developing countries over the past couple of decades in light of contemporary economic theory and through the use of case studies of specific developing regions. Prerequisites: 301 and 302 or consent of instructor.(4 credits)
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3.00 Credits
This course is a study of monetary interdependence among nations. The following topics will be explored: foreign exchange markets, international currency systems, national income determination in an open economy, balance of payments accounts and policies for their adjustments, exchange rate adjustments, exchange control, monetary problems of developed and underdeveloped countries, international capital flows. Prerequisite: 301.(4 credits)
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3.00 Credits
A study of alternate economic systems. A theoretical and operational study of economic systems as they exist in reality. Prerequisite: 301. (Not offered 2008-2009(4 credits)
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3.00 Credits
The substantive goal of this course is to facilitate an understanding of changes in the distribution of income in the United States, 1947 to the present. The course is subdivided into three parts, addressing the context, analysis, and policy environment, respectively. The first part of the course deals with the context of American income inequality and poverty. The primary focus is upon inequalities arising from the operation of the American labor market, but the ideological, demographic, macroeconomic and fiscal contexts are also identified and discussed. The second part of the course involves an analysis of poverty in the United States assigned to identify the principal causes of poverty among particular socioeconomic and demographic sub-populations. The third part of the course surveys the policy environment for poverty alleviation, including contemporary disputes about the nature and prospects of policy reform. Prerequisite: 301.(4 credits)
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3.00 Credits
This course will focus on the market and nonmarket contributions of women to the U.S. economy. A historical framework provides the backdrop for examining the economic, political and social institutions that affect women's contributions to the nation's economic wellbeing. Prerequisite: 301.(4 credits)
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3.00 Credits
Consumer economics focuses upon the application of economic theory to major issues faced by consumers in our modern economy. The course will combine economic theory, practical skills drawn from finance and Internet search strategies to empower students to make informed and rational decisions. The first half of the course will focus on buying and borrowing. The second half of the course will deal with investing and the risk versus expected reward tradeoff. The goal is not to learn what decisions to make, but rather to understand how economic theory can allow one to make better choices. Prerequisite: 301. (Not offered 2008-2009) (4 Credits)
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