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  • ECONOMICS 218: Introduction to Investments

    3.00 Credits
    Hobart William Smith Colleges

    This course is meant as a broad introduction to US financial markets (equity and capital) and instruments (stocks, bonds, etc) and the related major financial theories (efficient markets, modern portfolio theory, behavioral finance) and models (capital asset pricing, dividend discount). Much of finance is highly quantitative and extremely abstract but the main focus of this course will be on understanding and then applying financial theory rather than on numerical calculations. Prerequisite: ECON 160. (Khan, offered alternate years)
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  • ECONOMICS 221: Population and Society

    3.00 Credits
    Hobart William Smith Colleges

    This course looks at population in a broad and systematic way, starting with basic concepts of fertility and mortality; moving on to issues of age structure, family demography, and the projection of future population; and concluding with policy issues involving immigration, the environment, famines, and population policy. Prerequisite: ECON 120 or 160. (Gilbert, offered annually)
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  • ECONOMICS 232: The U.S.Economy:A Critical Analysis

    3.00 Credits
    Hobart William Smith Colleges

    This course investigates the U.S. economy while developing an introduction to radical political economy. Changing patterns of growth and stagnation in economic activity are analyzed using the concept of social structures of accumulation: the combination of economic, political, and social factors that serve to hasten or retard capital accumulation. Macroeconomic and social changes are explored, as is their impact on the lives of workers, women, and people of color. The power of capital, workers, and other groups to effect change in different periods is an important theme of the course. Prerequisite: ECON 120 or 160. (Gunn, offered alternate years)
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  • ECONOMICS 233: Comparative Economics

    3.00 Credits
    Hobart William Smith Colleges

    This course looks at how different contemporary societies and cultures have chosen to organize themselves economically, how their key economic institutions function and how well they have performed over time. We will move away from the traditional 'capitalist versus socialist' or 'command versus market' split within comparative economics to also look at how different religious traditions have attempted to answer the age old questions of 'what,' 'how,' and for 'whom' to produce as well as how increasing economic and financial integration (i.e., 'globalization') has impacted different economic systems worldwide. Prerequisite: ECON 120 or 160 . (Khan, offered alternate
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  • ECONOMICS 236: Introduction to Radical Political Economy

    3.00 Credits
    Hobart William Smith Colleges

    This course provides an introduction to the economic thought of Karl Marx, to contemporary radical political economy, and to current debates in radical political economy. Topics include the theory of value, surplus value and exploitation, capital and its accumulation, and capital and crisis. Recent debates in socialistfeminist thought, the political economy of race, and ecofeminism are addressed. Prerequisite ECON 120 or 160. (Gunn, Fall, offered alternate years)
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  • ECONOMICS 240: International Trade

    3.00 Credits
    Hobart William Smith Colleges

    This course provides an introduction to the theory of gains from trade, comparative advantage and international monetary relations. It uses this theory to examine such issues as protectionism, economic integration (e.g., NAFTA and the European Community), and international investment, with an emphasis on how economic and financial relations among countries have very different consequences for different groups of people. Prerequisite: ECON 160. (J. McKinney, Spring, offered annually)
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  • ECONOMICS 243: Political Economy of Race

    3.00 Credits
    Hobart William Smith Colleges

    Persistent racial inequalities in income and wealth remain a fact of life in the USA and throughout the Americas. In this course, we explore the interaction between race, gender, and ethnicity in labor and product markets, and we consider the theory and evidence for present-day debates over discrimination and policies such as affirmative action. Finally, we examine how different understandings of "race" color economic theories that seek to explain differences in economic outcomes. Prerequisite: ECON 160. (Cooper, offered annually)
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  • ECONOMICS 248: Poverty and Welfare

    3.00 Credits
    Hobart William Smith Colleges

    Poverty amidst wealth is a troubling feature of the American economy. Economists and other social scientists have offered various explanations for it. This course looks into the nature and extent of poverty, theories of its causes, and the range of public policies aimed at easing or ending poverty. Prerequisite: ECON 120 or 160. (Gilbert, offered annually)
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  • ECONOMICS 300: Macroeconomic Theory and Policy

    3.00 Credits
    Hobart William Smith Colleges

    This course examines in detail the major elements of aggregate economic analysis. The major focus is on the development of theoretical economic models that examine the interrelationships within the economic system. Once these models have been developed, they are used extensively to examine the current macroeconomic problems in the economic system, e.g., inflation, unemployment, economic growth, international balance of payments, the business cycle, and others. Prerequisite: ECON 160, and one 100 or 200level topics/issues course. ( Offered each semester)
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  • ECONOMICS 301: Microeconomic Theory and Policy

    3.00 Credits
    Hobart William Smith Colleges

    A study of pricing and resourceallocating processes in the private economy, this course examines the theories of demand and production, and the determination of prices for commodities and factors of production in competitive and noncompetitive markets. The concept of economic efficiency is central to the course. Prerequisites: ECON 160, and one 100 or 200level topics/issues course . ( Offered each semester)
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