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ECON 380: International Economics
3.00 Credits
Randolph-Macon College
A study of international economic relationships in theory and practice. The course emphasizes the analysis of the gains from international trade and the costs of tariff and non-tariff barriers, as well as the effects of various methods of protection on the domestic economy. Also included is a study of international financial arrangements, balance of payments problems, and an analysis of exchange rates and international capital flows. Prerequisites: ECON 201- 202 or 203-202, 323. Three hours. Mr. Pfitzner.
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ECON 380 - International Economics
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ECON 382: International Economic Development
3.00 Credits
Randolph-Macon College
An introduction to theory and policy in the important area of economic development. Classical and Neo-Classical models of economic growth are presented. Regional and historical analysis are applied to Africa, Asia, and Latin America. Models and problems specific to third-world economies are also presented as an integral part of the course. A significant amount of time is devoted to the study of institutions and technology in economic growth. The work of Douglass North complements the economic growth theory found in the work of prominent economists such as Mankiw, Barro and Jones. Prerequisites: ECON 201-202 or 203-202, 323. Offered alternate years. Three hours. Mr. Brat.
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ECON 382 - International Economic Development
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ECON 383: Britain in the International Economy
3.00 Credits
Randolph-Macon College
International trade theory and finance with particular emphasis on the development of the European Union. General theory of economic integration is examined relative to Europe's economic development, including trade diversion and trade creation with special reference to integrational forms such as free trade, customs unions, common markets, and economic unions. The theory of optimal currency is explored with special reference to the EU's currency union. Offered at Wroxton College, the history of the origins and structure of the EU will be taught by Wroxton staff. Students attend debates and participate in discussions with British economists and politicians at Parliament. Selected industry tours included. Prerequisite: ECON 201 or 203 or instructor permission. Offered every January term. Three hours. Staff.
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ECON 383 - Britain in the International Economy
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ECON 391-392: Junior Independent Study
3.00 Credits
Randolph-Macon College
An independent study under the guidance of a member of the department. At least a 3.25 cumulative GPA and approval by the curriculum committee are required. Three hours each. Staff.
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ECON 391-392 - Junior Independent Study
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ECON 423: The Theory of the Firm
3.00 Credits
Randolph-Macon College
An in-depth analysis of market structure beyond the scope of ECON 323. The emphasis is placed on decision-making at the level of the firm, including output rate and pricing, resource acquisition and utilization, and estimation of firm demand using regression analysis. Prerequisites: ECON 201-202 or 203-202, 323. Offered alternate years. Three hours. Mr. Brat.
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ECON 423 - The Theory of the Firm
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ECON 440: Contemporary Issues in Economics
3.00 Credits
Randolph-Macon College
A course in seminar format intended to provide further insight into economic theory and policy. Students will be exposed to the current literature of economic analysis through readings and oral presentations. Prerequisites: ECON 201-202 or 203-202, 323-324. Offered alternate years. Three hours. Mr. Lang.
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ECON 440 - Contemporary Issues in Economics
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ECON 442: Econometrics
3.00 Credits
Randolph-Macon College
A course that introduces students to the application of statistical techniques in order to derive measurements of empirical relationships in economics. The major emphasis is on the application of regression analysis and the problems commonly arising in an economic context. Prerequisites: ECON 201-202 or 203-202, 312. Offered alternate years. Three hours. Mr. Pfitzner.
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ECON 442 - Econometrics
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ECON 445: Time Series Analysis and Forecasting
3.00 Credits
Randolph-Macon College
An introduction to a wide variety of modern techniques of forecasting economic and business data that are timerelated. The student will gain hands-on experience in utilizing modern computer techniques to perform required statistical estimation procedures. Prerequisites: ECON 201-202 or 203-202, 312. Offered alternate years. Three hours. Mr. Pfitzner.
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ECON 445 - Time Series Analysis and Forecasting
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ECON 450-451: Internship in Economics
3.00 Credits
Randolph-Macon College
Application required; see Internship Program. See BUSN 450-451.
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ECON 450-451 - Internship in Economics
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ECON 481-482: Selected Topics in Economics
3.00 Credits
Randolph-Macon College
This course is designed to investigate a field of specialized analysis in economics. The topics considered will change with each offering. Prerequisite: ECON 201-202 or 203-202, 323. Offered as needed. Three hours. Staff.
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ECON 481-482 - Selected Topics in Economics
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