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Course Criteria
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3.00 Credits
Prerequisites: ECON 101 and 102. International monetary arrangements, balance-of-payments adjustment processes, and the mutual dependence of macroeconomic variables and policies in trading nations. The International Monetary Fund (IMF), international investment, and the World Bank. International cooperation for economic stability. Anderson, Davies.
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3.00 Credits
Prerequisites: ECON 101 and 102. Analysis of the contemporary Japanese economy, including the comparative structure of its economy; the macroeconomics of the late 1980s “bubble economy” and subsequent growth; the changing role of women and its impact on fertility; and the future of an economy facing population decline and the fiscal burden of a rapidly aging population. Texts include works by sociologists and political scientists to emphasize the need to integrate the impact of policy and social structures on economic behavior. Smitka.
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3.00 Credits
Prerequisites: ECON 101 and 102. Economic analysis of the Chinese economy in the 20th century. Comparisonsof pre- and post-revolutionary periods. Performance and policies of Taiwan and mainland China. Issues include the population problem, industrialization, provision of public health and education, alleviation of poverty and inequality. Microeconomic emphasis. Smitka.
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3.00 Credits
Prerequisites: ECON 101 and 102. A comparative examination of labor markets and institutions in a set of advanced capitalist countries. Study and analysis address the roles played by institutions in explaining cross-national differences in labor-market outcomes, including employment, unemployment, labor force participation, mobility, and income distribution. The course also considers the likelihood of convergence of institutional arrangements across countries. Kaiser.
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3.00 Credits
Prerequisites: ECON 101 and 102. A survey of the major issues of development economics. Economic structure of low-income countries and primary causes for their limited economic growth. Economic goals and policy alternatives. Role of developed countries in the development of poor countries. Selected case studies. Casey, Blunch.
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3.00 Credits
Prerequisite: ECON 101. Institutions such as laws, the political system, and cultural norms embed all social activity. They structure economic, political, and social interaction and as such play a central role in facilitating (or hindering) economic development. This course’s objective is to explore from a broad perspective how institutions affect economic performance, what the determinants of institutions are, and how institutions evolve. We will study examples from the existing capitalist economies, the developing and transition countries, as well as the more distant history. Because the study of institutions is necessarily an interdisciplinary endeavor, the course combines the approach of economics with the insights from law, political science, history, and sociology. Grajzl.
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4.00 Credits
Prerequisite: ECON 101. Spurred by developmental disasters in the third world, turbulent post-socialist transition, and challenges of globalization, the structure and functioning of economic, political, legal, and social institutions supporting a market economy has become a central topic for economists and policy-makers across the globe. What are appropriate market-oriented institutions and how can societies acquire them? Can good economic governance be engineered top down, through foreign aid? What institutional solutions ensure sound economic governance in a globally interdependent world? This course adopts an economic approach and embraces interdisciplinary analysis to provide an in-depth inquiry into fundamental issues of institutional design, and its impact on economic governance and behavior. Grajzl.
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4.00 Credits
Prerequisites: ECON 101 and 102, permission of the instructor(s), other prerequisites as specified by the instructor(s), and approval of the International Education Committee. For advanced students, the course covers a topic of current interest for which foreign travel provides a unique opportunity for significantly greater understanding. Emphasis changes from year to year and will be announced each year, well in advance of registration. Likely destinations are Europe, Latin America, and Asia. These courses may not be repeated. Staff.
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3.00 Credits
Prerequisites: ECON 101 and 102. Course emphasis and prerequisites change from term to term and are announced prior to preregistration. May be repeated for degree credit with permission and if the topics are different. A maximum of nine credits chosen from all special topics in economics courses may be used, with permission of the department head, toward requirements for the economics major. Staff.
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3.00 Credits
Prerequisites: ECON 210 and MATH 101. Microeconomics without the assumptions of perfectly competitive markets: small number of agents, asymmetric information, uncertainty, externalities, etc. Applications include auctions, bargaining, oligopoly, labor market signaling, public finance and insurance. Class time combines lectures, discussion and classroom experiments. Heavy emphasis on problem solving using game theory. Guse.
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