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  • ECONOMICS 316: Labor Market Analysis

    3.00 Credits
    Hobart William Smith Colleges

    This course focuses on the application of microeconomics, macroeconomics, and Marxist theories to the study of labor markets, income distribution, occupational structure, returns to education, etc. It also examines the impact of unions on wages, labor's share, inflation, discrimination, and other labor economics questions. Prerequisite: ECON 301. (ECON 300 and ECON 305 are also recommended). (offered occasionally)
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  • ECONOMICS 317: The Economics of Sports

    3.00 Credits
    Hobart William Smith Colleges

    Sports has become a multi-billion dollar industry in the U.S., worthy of its own economic analysis. This course applies the techniques of microeconomic theory to the sports industry and examines the following issues: the financing of sports teams and sports facilities; the effects of sports franchises on local economic development; racial and gender discrimination in sports and the effects of Title IX; the role of labor unions in professional sports; and how colleges and professional sports teams profit from the "amateur" athlete. Prerequisite: ECON 301. (Mertens , offered alternate years)
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  • ECONOMICS 324: Money and Financial Markets

    3.00 Credits
    Hobart William Smith Colleges

    This is a basic 'moneyandbanking' course that integrates macroeconomic theory and monetary theory, with special emphasis on how interest rates are determined and their role in the overall economy, the changing structure and function of financial markets, the role of the Federal Reserve System, the relationship between the domestic and international monetary system, and how and why financial crises develop and their impact upon the economy. Prerequisites: ECON 300. (Offered annually)
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  • ECONOMICS 326: Public Finance

    3.00 Credits
    Hobart William Smith Colleges

    This course uses microeconomic analysis to study the major public sector issues. The course begins with a discussion of various economic theories of the government's place in a market economy; considers the evaluation and impacts of government programs such as Social Security; studies the theory of taxation and of tax legislation, such as, the U.S. tax reform of 1986; and, finally, takes a look at state and local government issues, such as how best to provide education. Prerequisite: ECON 301. (Mertens, offered alternate years)
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  • ECONOMICS 327: Economic Policy for the New Economy

    3.00 Credits
    Hobart William Smith Colleges

    This course will focus on the purpose and functions of the Federal Reserve System (FRS) from a policy perspective, concentrating on the following questions: what are the responsibilities of the FRS; how does the FRS work and who is impacted by their actions, how and why; who gave this independent government agency this incredible power, and should its power be reduced; has the FRS overstepped its constitutional boundaries; and has its present position as the regulator of the financial markets in the US been the cause or effect of the complete restructuring of the US economy Prerequisite Econ 300 or permission of the instructor. (McGuire, Washington, D.C. Public Policy program)
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  • ECONOMICS 331: Institutional Economics

    3.00 Credits
    Hobart William Smith Colleges

    This course directs its attention to the contributions to economic thought by the movement referred to as American Institutionalism. The course introduces the interdisciplinary approach employed by institutional economists in their analysis of economic processes. The course also focuses on the institutionalists' critique of neoclassical economic theory. In order to understand these criticisms, the student needs a good understanding of intermediate economic theory. Prerequisite: ECON 305 or permission of instructor. (Waller, offered annually)
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  • ECONOMICS 338: Economics of the Non-Profit Sector

    3.00 Credits
    Hobart William Smith Colleges

    This course investigates economic institutions that are given little attention in the normal approaches to microeconomics and macroeconomics, but that are significant to the economy of the U.S. Notforprofit organizations such as colleges and universities, hospitals, and philanthropic organizations; cooperatives and collectives; and public/private partnerships are investigated. Their role in the U.S. economy is assessed, as are the wide variety of nongovernmental organizations (NGOs) in other economies of the world. Prerequisites: ECON 300, ECON 301 or permission of instructor. (Gunn, Fall, offered alternate years)
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  • ECONOMICS 344: Economic Development and Planning

    3.00 Credits
    Hobart William Smith Colleges

    This course examines both the theory and practice of Third World countries in their attempts to modernize and industrialize. Some topics that are discussed include: the roles of agricultural and industrial development, investment, urbanization, infrastructure, foreign trade, foreign aid and debt, and government planning. The course evaluates the importance of the distribution of income, education, the transfer of technology, population control, and neocolonialism. Countries from Africa, Asia, and Latin America are used frequently and extensively as examples. Prerequisite: ECON 300. ( Fall, offered annually)
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  • ECONOMICS 348: Natural Resource and Energy Economics

    3.00 Credits
    Hobart William Smith Colleges

    Designing winning solutions to the complicated issues affecting the environment requires a strong interdisciplinary approach. The course covers the basic theoretical models of natural resource use as well as the implications of these models for policy decisions. Topics include opposing views of natural resource use and depletion; basic criteria and methods for decision analysis; property rights and externalities; the linkage between population growth, resource use, and environmental degradation; energy options; successes and limitations of recycling; resource scarcity; economic growth and resource use; and sustainable development. Students construct simple simulation models to explore the basic relationships discussed in this course. Prerequisite: ECON 301. (Drennen, offered alternate years)
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  • ECONOMICS 372: Keynes,Keynesians,and PostKeynesians

    3.00 Credits
    Hobart William Smith Colleges

    This course considers the economic writings of John Maynard Keynes and the interpretations that have been offered of both his theories of the macroeconomy and the importance of his contributions. The course includes examination of Keynes' early writings as well as a careful reading of The General Theory, his most important work. Following these discussions, students examine the evolution of Keynesian theory within the orthodox economic tradition, considering both what was added to Keynes, and what was taken away. They also address the "revolutionary" nature of Keynes's contributions. Finally, they explore the development of Keynes's ideas by the postKeynesian economists in the U.S. and Great Britain to see how this interpretation of Keynes differs from the standard approach to his work. Prerequisites: ECON 300 and ECON 305. (McGu ire, offered alternate yea
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