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  • 3.00 Credits

    This course is an introduction to the American health care system with emphasis placed on using economics to analyze various problems. Topics covered include the demand for medical services, medical insurance (Medicare, Medicaid, and private insurance), the markets for hospital, physician and nursing services, current developments, and the future of this sector of the economy. The course includes a consideration of proposals for health care reform and comparisons with the health care systems of other countries. Prerequisite: ECON 105C.
  • 3.00 Credits

    This course considers the impact of the voluntary sector upon the American economy. It examines the history of philanthropy and voluntarism in the United States and their role in present-day society. It describes the institutions and organizations that make up the voluntary sector and the relationships that exist among the voluntary sector and the private (business) sector and the public (government) sector. It considers the relationship of the individual to the voluntary sector; in particular, it examines how altruistic behavior can be incorporated into the consumer choice model of economics. This course includes a service-learning component. Prerequisite: ECON 105C.
  • 3.00 Credits

    This course is an introduction to the economic analysis of law. The course studies the ways in which economics has had or could have an influence on the development of law. Through discussion, the course explores the impact of economics on legal concepts and how economics can be further used as an aid to resolving legal issues. Four substantive areas of common law, namely property, contracts, torts, and criminal law, are analyzed using tools learned in microeconomic theory. Prerequisite: ECON 105C.
  • 3.00 Credits

    This course considers the theoretical and empirical aspects of money and credit in the American economy, along with an analysis of domestic depository institutions. Attention is also given to the various aspects of the Federal Reserve System that have an impact on the banking environment and to the measurement and interpretation of key macroeconomic variables, such as inflation, interest rates, unemployment, and GDP. International aspects of our banking system are also discussed. Prerequisites: ECON 105C, 106C.
  • 3.00 Credits

    This course examines the role of government in a mixed economy. Concepts of efficiency and equity that can be used to assess economic performance are developed. The course then examines situations where government intervention in a market economy can potentially result in more efficient and/or equitable outcomes. Topics include pollution control, public goods, government decision-making, cost-benefit analysis, taxation, and welfare programs. Prerequisite: ECON 201C.
  • 3.00 Credits

    This course examines the behavior of labor market participants and the results of their interactions in a market setting. The initial focus is on the labor supply and schooling decisions of individuals and households along with the hiring and pay policies of firms. Next, labor turnover, discrimination, and unemployment are discussed. The final topic is labormanagement relations. The course is first approached from an institutional perspective with the market outcomes in union and non-union settings then being compared and contrasted. Prerequisite: ECON 105C.
  • 3.00 Credits

    This course is an introduction to the statistical and empirical methods used in economics to measure the relationships postulated by economic theory. The main emphasis is on the econometric technique of ordinary least squares and its applications. Extensive use is made of the computer to conduct the empirical analysis. Prerequisites: ECON 105C, 106C, 221.
  • 3.00 Credits

    This course examines the continuing debates between those who believe that capitalism is the most desirable economic system and those who believe that socialism is the most desirable economic system. As part of this examination, we consider the ongoing transformations of socialist economic systems in Russia and Eastern Europe. Prerequisite: ECON 106C.
  • 3.00 Credits

    This course considers the socioeconomic obstacles to the economic development of the Third World. The course also examines and evaluates the various development strategies that have been propounded by economists to encourage economic development in the Third World. Prerequisite: ECON 105C or ISPR 100D.
  • 3.00 Credits

    This is a survey of the development of economic ideas from ancient times but more particularly from the 17th century to the present. Special attention is given to the interaction of economic thought, philosophy, and the natural sciences in light of the changing socioeconomic and cultural background. Emphasis is placed on the evolution of English classical and neoclassical doctrines and their criticism by the Marxist and Keynesian schools. Prerequisites: ECON 105C, 106C.
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