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Course Criteria
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1.00 - 3.00 Credits
The objective of this course is to provide an experiential arena for students who have taken Principles of Microeconomics to engage in economic analysis. Students run computerized firms, making decisions each day. A variety of market settings are used, giving students an opportunity to apply economic theory of the firm covered in Principles of Microeconomics. At the end of the course we will evaluate the performance of the experimental market from the perspective of the community, using normative tools of economic analysis. Prerequisite: ECON 12200.
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1.00 - 3.00 Credits
The objective of this course is to provide an experiential arena for students who have taken Principles of Microeconomics to engage in economic analysis. Students run computerized firms, making decisions each day. A variety of market settings are used, giving students an opportunity to apply economic theory of the firm covered in Principles of Microeconomics. At the end of the course we will evaluate the performance of the experimental market from the perspective of the community, using normative tools of economic analysis. Prerequisite: ECON 12200.
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3.00 Credits
Presents the economics of labor through concepts such as human capital or resources; factors of production; market forces; employed, unemployed, minority, majority, union, nonunion, theory, and evidence, and their relevance to public policy decisions. Prerequisites: ECON 12100-12200; two courses in humanities, social sciences, or business. 3 credits. (F,Y)
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3.00 Credits
Topics include: the entrepreneurial mindset; framing the challenge; risk and return; break-even analysis and related economic tools for entrepreneurs; the corporation as a learning organization; redifferentiating products and services, cases of entrepreneurship (Anita Roddick and others); classroom visits from entrepreneurs and visits to entrepreneurs. Prerequisites: ECON12100/12200 and two courses in humanities, social sciences, or business. 3 credits.
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3.00 Credits
Peculiar economic characteristics of the health care industry. Supply of and demand for health care services; causal and remedial forces of institutionalized frameworks, market mechanisms, and governmental intrusions. Analysis of pricing in terms of the above forces and productivity. Ideal economic characteristics of medical insurance, as contrasted with several proposals for national health insurance. Production for national health insurance. Production function, cost-effectiveness, and benefit-cost analysis. Cross-listed with HLTH 30400; students cannot receive credit for both ECON 30400 and HLTH 30400. Prerequisites: ECON 12100-12200; two courses in humanities, social sciences, or business. 3 credits. (F,Y)
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3.00 Credits
Examination of economic change in developing countries. An evaluation of the goals of current development policy at national and international levels. Alternative models of the development process are analyzed and evaluated on the basis of how well the models actually performed in developing countries during the '60s, '70s, and '80s. Discussion of the feasibility of future policy options, given present internal political conditions and the current global economic climate. Different regions of the world are emphasized based on class interest. Prerequisites: ECON 12100-12200; two additional courses in humanities, social sciences, or business. 3 credits. (IRR)
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3.00 Credits
Descriptive and theoretical treatment of money, banking, and credit phenomena in the United States. Monetary media, monetary standards, credit instruments, commercial and central banking operations, organization and operation of the Federal Reserve System, international monetary mechanisms, monetary theory, and past and present monetary policies. Prerequisites: ECON 12100-12200; two courses in humanities, social sciences, or business. 3 credits. (F,Y)
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3.00 Credits
Analysis of money and the monetary system in determining the level, composition, and growth of national income and the price level. Alternative theories of the supply and demand for money and the determination of interest rates. Appraisal of the impact of monetary policy on unemployment, inflation, and economic growth. Strategies of monetary policy management, including analysis of policy targets and indicators, and contemporary policy decision making. Comparison of monetary policy with other stabilization policies, including fiscal policy, incomes policies, and indexing. Prerequisites: ECON 32100 or FINA 20300. 3 credits. (S,Y)
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3.00 Credits
The study of methods of managerial business decision making using (mostly) microeconomic tools of analysis. Topics include pricing priniciples and strategies, strategic decisions (e.g., whether or not to enter a market, whether or not to place a bid for a business asset available via auction, etc.), production and cost considerations, marginal analysis (e.g., marginal cost, marginal revenue) as it applies to optimization, and application of what you know about the demand for your product(s). This course is application and case-study intensive than traditional intermediate level microeconomics courses. Prerequisites: ECON12200, ECON12100; two courses in humanities, social sciences, or business. 3 credits.
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3.00 Credits
Study of the public sector's policy in budgeting, taxing, and spending, and an analytical assessment of the impact of fiscal policy from the point of view of macroeconomic objectives and welfare criteria. Planning programming budgeting systems. Prerequisites: ECON 12100-12200; two courses in humanities, social sciences, or business. 3 credits. (S,Y)
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