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ECON 230: Environmental Economics
3.00 Credits
University of Richmond
Development and application of economic principles to understand and evaluate causes and solutions to environmental problems such as pollution and conservation. Topics include economics of biodiversity protection, global warming, natural resource damage assessment, measurement of environmental values, and alternative strategies for pollution control. Special attention given to optimal use of exhaustible and renewable natural resources. (Same as Environmental Studies 230). Prerequisite(s): Economics 101. Unit(s): 1
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ECON 230 - Environmental Economics
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ECON 231: Law and Economics
3.00 Credits
University of Richmond
Application of economic analysis to legal concepts. Using goals of efficiency and wealth maximization, shows how economic theory can unify property law, contract law, tort law, criminal law and family/sex law, as well as offer new insights to old problems. Prerequisite(s): Economics 101. Business Administration 301 or Mathematics 119 encouraged. Unit(s): 1
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ECON 231 - Law and Economics
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ECON 232: The Economics of Gender
3.00 Credits
University of Richmond
Uses economic methods to explore how gender differences lead to different economic outcomes for men and women, both within families and in the marketplace. Topics include allocation of time between the household and the labor market, consequences of employment for family structure, theories of discrimination, and occupational segregation. Historical trends and cross-cultural comparisons are discussed at length. Policy areas include antipoverty programs, comparable worth, affirmative action, antidiscrimination legislation, parental leave, and provision of child care. While the focus of the analysis of gender and economics is on the U.S., such findings are not universal and the semester concludes with international comparisons that demonstrate important differences. Prerequisite(s): Economics 101 and 102. Unit(s): 1
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ECON 232 - The Economics of Gender
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ECON 260: Selected Economic Topics
3.00 Credits
University of Richmond
Major areas in economics, application of economic principles, and analysis of policy issues. Prerequisite(s): Economics 101 and 102. Unit(s): 0.5-1
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ECON 260 - Selected Economic Topics
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ECON 269: Independent Study
3.00 Credits
University of Richmond
Specialized study or directed research in an area of economics. Prerequisite(s): A written outline worthy of academic credit and permission of department chair. Unit(s): 0.5-1
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ECON 269 - Independent Study
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ECON 271: Microeconomic Theory
3.00 Credits
University of Richmond
Theory of price determination in both output and input markets; in-depth analysis of behavior of individual consumers, firms and industries under various market structures; theories of exchange and distribution. Prerequisite(s): Economics 101 and 102 and Mathematics 211 or 231 . Unit(s): 1
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ECON 271 - Microeconomic Theory
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ECON 272: Macroeconomic Theory
3.00 Credits
University of Richmond
Theory of national income determination; short/medium-run monetary and fiscal policy issues are examined using Keynesian and New Classical models; long-run analysis focuses on recent extensions of the Neo-classical growth model. Prerequisite(s): Economics 101 and 102. Unit(s): 1
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ECON 272 - Macroeconomic Theory
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ECON 300: Industrial Organization and Public Policy
3.00 Credits
University of Richmond
Designed to identify features of industries with various degrees of competition. Issues to be explored include: identifying dominant firm, tight or loose oligopoly, competitive and monopoly industries; product vs. geographic markets; technological innovations; collusion, product differentiation; mergers; advertising; efficiency; price discrimination; etc. In addition, antitrust policies will be reviewed as they pertain to these issues. Prerequisite(s): Economics 101, 102 and 271. Unit(s): 1
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ECON 300 - Industrial Organization and Public Policy
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ECON 310: International Trade and Finance
3.00 Credits
University of Richmond
Introduction to basic argument for free trade with emphasis on general equilibrium analysis; survey of trade restrictions including theory on tariffs, quotas, subsidies and preferential trade agreements. International monetary theory; determination of exchange rates in spot and forward markets; extension of national income model to international markets. Prerequisite(s): Economics 271. Unit(s): 1
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ECON 310 - International Trade and Finance
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ECON 330: Environmental and Resource Economic Theory
3.00 Credits
University of Richmond
A rigorous treatment of environmental and resource issues, with particular emphasis on problem of designing appropriate institutions and regulations under uncertainty. Topics include emission fees and marketable permits; enforcement, risk regulation, the economics and regulation of the fishery; depletion of nonrenewable resources; and forest use. (Same as Environmental Studies 330.) Prerequisite(s): Economics 101, 102 and 271. Unit(s): 1
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ECON 330 - Environmental and Resource Economic Theory
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