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Course Criteria
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3.00 Credits
Prerequisite: ECON 101. Overview of the existing institutions and policies in the United States health care system. Application of standard microeconomic models to analyze how the current structure influences the allocation and distribution of health services. Investigation of potential health care reforms. Diette.
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3.00 Credits
Prerequisites: ECON 101 and 102. This course takes an economic approach toward investigating recent trends in poverty and inequality in the U.S., focusing on evaluating alternative explanations for who becomes (or remains) poor in this country. Factors considered in this investigation include labor-market trends, educational opportunities, family background, racial discrimination, and neighborhood effects. Aspects of public policy designed to alleviate poverty are discussed, as well as its failures and successes. As part of the required service-learning requirement, students serve in local organizations in order to gain personal experiences that can inform their understanding of course material. Leibel.
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3.00 Credits
Prerequisite: ECON 101. This course explores topics of crime and criminal justice in the United States from an economic perspective. Using both theoretical and empirical methodologies, the decisions of criminals (and would-be criminals) are examined, along with markets for criminal behavior and the goods and services produced within them, and public policies aimed at dealing with crime. Sample topics include: Does crime pay? Does the government regulate crime too much or too little? Does prison “harden” criminals or rehabilitate them? Why does the U.S. imprison more people per capita than any other country? An emphasis of the course is to explore myths and realities regarding the relationships between poverty and crime. Staff.
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3.00 Credits
Prerequisite: ECON 101. A comprehensive survey of government policies toward business in the American economy. Discussion centers around the bases and types of control and includes four major policies: maintaining competition, moderating competition, substituting regulation for competition, and government ownership. Special attention is paid to the success and failure of government policies. Marco, Smitka.
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4.00 Credits
Prerequisite: ECON 101. This course investigates the automobile industry from an interdisciplinary perspective. Why did GM file bankruptcy? Why do we have 600-plus new passenger vehicles available in the US, and what is the cost of that diversity? How and why has the automobile shifted the rhythm of daily life, with the growth of suburbs remote from jobs, and what are the costs and benefits of that? What of safety and the environment? The course also considers cars themselves, the subject of two Tom Wolfe stories in The Kandy-Kolored Tangerine-Flake Streamline Baby. Smitka.
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3.00 Credits
Prerequisites: ECON 101 and 102. Analysis of substantive and procedural legal rules through the application of neoclassical economic theory. Emphasis is on the Chicago school of Posner, Coase, et al, and their critics, stressing efficient allocation rather than income distribution. Topics include property rights and their use to attempt to internalize externalities, the efficiency of contracts and their role in allocating risk, optimal liability rules and sanctions in torts, and the efficient amount of crime. Marco.
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3.00 Credits
Prerequisites: ECON 101 and 102. Public choices and the public economy. An inquiry into how the references of individuals and groups are translated into public sector economic activity. The nature of public activity and public choice institutions. The question of social balance. The effects of government expenditures and taxes on the economic behavior of individuals and firms. Guse.
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3.00 Credits
Prerequisite: ECON 101. The course serves as an introduction to environmental and natural resource economics. Economic principles are used to evaluate public and private decision making involving the management and use of environmental and natural resources. Aspects pertaining to fisheries, forests, species diversity, agriculture, and various policies to reduce air, water and toxic pollution will be discussed. Lectures, reading assignments, discussions and exams will emphasize the use of microeconomic analysis for managing and dealing with environmental and natural resource problems and issues. Casey, Kahn.
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4.00 Credits
Prerequisite: ECON 101 or ENV 110. Spring Term Abroad course. Amazonas is a huge Brazilian state of 1.5 million sq. kilometers which retains 94 percent of its original forest cover. This course examines the importance of the forest for economic development in both the formal and informal sectors of the economy, and how policies can be develop to promote both environmental protection and an increase in the quality life in both the urban and rural areas of Amazonas. The learning objectives of this course integrate those of the economics and environmental studies majors. Students are asked to use economic tools in an interdisciplinary context to understand the relationships among economic behavior, ecosystems and policy choices. Writing assignments focus on these relationships and look towards the development of executive summary writing skills. Kahn.
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3.00 Credits
Prerequisites: ECON 101 and 102. Specialization of production, the gains from trade, and their distribution, nationally and internationally. Theory of tariffs. Commercial policy from the mercantilist era to the present. The General Agreement on Tariffs and Trade (GATT). Transnational economic integration: the European Community and other regional blocs. Anderson, Davies.
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