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Course Criteria
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4.00 Credits
4 credits ECN 201 and 202 Analysis of money and capital market instruments and financial market interrelationships. Investigates role of financial intermediaries as both suppliers and users of credit. Emphasizes influences of monetary policy and regulations on functioning of U.S. and world credit markets.
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4.00 Credits
4 credits ECN 201 and 202 The economics of government. Revenue and expenditure policies of federal, state and local governments in theory and practice; tax shifting and incidence. Study of current fiscal and related public policy issues.
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4.00 Credits
4 credits ECN 201 and 202 Processes of development and the role of systems in these processes with selected case studies.
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4.00 Credits
4 credits ECN 202 Examines the exchange across international borders of goods, services and factors, and the impacts of this trade on domestic and global economies both in theory and practice. Theories of trade are compared and contrasted to both empirical studies and histories of trade. Topics include free trade, commercial policy, barriers to trade, foreign investment, imperialism and political economy of trade.
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4.00 Credits
4 credits ECN 201 and 202 Examine the principles and practical aspects of international finance. Theories of exchange rate determination are compared and contrasted. Topics include, but are not limited to: comparative advantage, arbitrage, international macroeconomics, foreign exchange issues, global money and capital markets, exchange rate forecasting and interest rate swaps.
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4.00 Credits
4 credits ECN 201 and 202 Historical development of economic ideas, paradigms and ideologies: Mercantilist, Physiocrat, Classical, Marxian, Neo-Classical, Institutionalist and Keynesian.
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4.00 Credits
4 credits ECN 202 Survey of both theories and practices of the economics of natural resources and the environment. Topics include: notions of value and property, externalities, renewable and nonrenewable resources, willingness-to-pay arguments, cost-benefit analysis, natural resource policy, hazardous waste, environmental policy, sustainable development, and environmental racism and classism.
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4.00 Credits
4 credits ECN 202 This course is a survey of the field of labor economics. Topics include the theory of allocation of time, life cycle theory, labor supply, theory of the firm, labor demand, wage determination, human capital theory, occupational wage differentials, and theories of labor market discrimination.
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4.00 Credits
4 credits ECN 201 and Permission Students spend the Spring Term in a Latin American nation living with a local family, improving their Spanish skills, participating in a two week service-learning project, attending seminar presentations by resident scholars, and studying the socioeconomic impacts of trade and globalization in the country being visited.
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4.00 Credits
4 credits ECN 201 and 202 Survey of major forms of economic systems from paleolithic times to present: Stone Age economy, Ancient Egypt, Mesopotamia and Mesoamerica, Classical Greece and Rome, feudal and manorial Europe, mercantile and industrial Europe and America. Economic institutions of reciprocity, redistribution and market.
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