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ECO 206: Principles of Microeconomics
3.00 Credits
State University of New York at New Paltz
Study of how choices made by households and firms define and affect markets for goods, services and production resources. Analysis of how prices of goods and factors of production are determined in the economy and how government policies affect economic outcomes in allocation of resources.
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ECO 207: Principles of Macroeconomics
3.00 Credits
State University of New York at New Paltz
Study of general economic principles and examination of the performance of the national economy. The goals and problems of high employment, price stability, growth, and the balance of payments are analyzed. Introduction to monetary and banking institutions. Application of monetary and fiscal policy analysis to current domestic and international macroeconomic issues.
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ECO 207 - Principles of Macroeconomics
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ECO 302: Comparative Economic Systems
4.00 Credits
State University of New York at New Paltz
Comparative study of the major economic systems of the world from both theoretical and empirical perspectives. Theoretical foundations of capitalist and socialist economies are presented. The role of government in a modern market economy is analyzed. Empirical case studies include Western capitalist countries, former socialist economies and East Asian economies.
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ECO 302 - Comparative Economic Systems
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ECO 303: Money and Banking
3.00 Credits
State University of New York at New Paltz
A general study of the nature of money and interest rates. The organization and operations of U.S. financial markets and financial intermediaries. Study of the U.S. financial institutions, and the structure of the Federal Reserve System. Examination of instruments and methods of implementing monetary policy and its effect on both domestic and international economic policy goals. Provides a global perspective by examining monetary policies of other countries.
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ECO 303 - Money and Banking
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ECO 304: Public Finance
4.00 Credits
State University of New York at New Paltz
Public sector economics focuses largely on taxing and spending activities of the federal government and their influence on allocation of national resources and distribution of income. Policy perspective and international comparison integrate the economic analysis with the real world. Course projects integrate theory and evidence. The current budget of U.S. is examined in a historical context, focusing on how changes in its specific items reallocate resources.
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ECO 304 - Public Finance
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ECO 306: Intermediate Microeconomics
4.00 Credits
State University of New York at New Paltz
Study of rational behavior of consumers and producers and their interactions in the marketplace. Introduction to optimization methods and general equilibrium analysis. Rationale for government intervention in regulation of industries, provision of public goods, taxation and subsidies is analyzed. Empirical parts include data analysis using real-world examples.
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ECO 306 - Intermediate Microeconomics
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ECO 307: Intermediate Macroeconomics
4.00 Credits
State University of New York at New Paltz
Introduction and analysis of the national income and product accounts. Study of the determinants of the level of national income, employment, investments, economic growth, and the price level. Classical, Keynesian, and post- Keynesian explanations of unemployment and inflation. Study of business cycles. Evaluations of monetary and fiscal policy using computer simulations. Analysis of interactions between the U.S. and other world economies.
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ECO 307 - Intermediate Macroeconomics
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ECO 312: Labor Economics and Labor Relations
4.00 Credits
State University of New York at New Paltz
Study of different theories of wage determination and wage structures. Labor market failures and collective bargaining. Impact of the government regulations on labor-management relations. Development of unions and the practice of collective bargaining. Role of social and institutional constraints in labor markets.
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ECO 312 - Labor Economics and Labor Relations
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ECO 351: History of Economic Thought
4.00 Credits
State University of New York at New Paltz
Study of the origins and development of economic theories including pre-classical thinkers. Major schools of thought from the classical political economy of Smith and Ricardo to Marx, the Institutionalists, and to Keynes's modern macroeconomics. Inquiries into the core methodological issues and debates between successive orthodox and heterodox theories.
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ECO 351 - History of Economic Thought
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ECO 401: International Trade and Finance
4.00 Credits
State University of New York at New Paltz
Problems of economic interaction between sovereign states are analyzed from both theoretical and empirical perspectives. Topics include international trade theory -- the gains from trade and the pattern of trade, international trade policy -- protectionism and free trade agreements, exchange rate determination and international monetary systems.
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ECO 401 - International Trade and Finance
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