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ECON 318: Microeconomic Theory
4.00 Credits
Westminster College (Salt Lake City)
Intermediate study of the price mechanism and resource allocation, behavior of consumers, business firms, and suppliers of productive resources in the institutional context of market economy.
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ECON 318 - Microeconomic Theory
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ECON 319: International Economics
4.00 Credits
Westminster College (Salt Lake City)
Survey course in international trade dealing with the economic basis for trade among nations, tariffs, customs, unions, balance of payments, exchange rates, and public policy.
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ECON 319 - International Economics
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ECON 321: Political Economy
4.00 Credits
Westminster College (Salt Lake City)
An exploration of Marx's philosophy, the doctrine of alienation, historical materialism, the labor theory of value, economic crises, etc., in addition to more recent developments in Marxian and heterodox theory.
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ECON 321 - Political Economy
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ECON 325: Environmental Economics
4.00 Credits
Westminster College (Salt Lake City)
Covers economic theories and policies regarding pollution and the use of renewable and non-renewable resources. Explores the degree to which economic growth is compatible with environmental quality and considers both orthodox and heterodox approaches to the environment. Prerequisites: ECON 253, 263, or consent of instructor.
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ECON 325 - Environmental Economics
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ECON 365: Economic Justice
4.00 Credits
Westminster College (Salt Lake City)
The importance of economic justice stems from the scarcity of resources: how should society allocate resources to achieve the social good? Invariably, questions of justice involve tradeoffs between fairness and efficiency. Such questions are inextricably related to religion, class, gender, poverty, ethnicity, sexual orientation, and so on. The course examines the concept of justice from the points of view of pre-market economies, classical liberalism, neo-classical economics, heterodox economics, Kenneth Arrow, John Rawls, Amartya Sen, among others.
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ECON 365 - Economic Justice
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ECON 401: Directed Studies
1.00 Credits
Westminster College (Salt Lake City)
A tutorial-based course used only for student- initiated proposals for intensive individual study of topics not otherwise offered in the Economics Program. Prerequisites: ECON 253, ECON 263 and consent of instructor and school dean.
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ECON 401 - Directed Studies
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ECON 412: Special Topics in Economics
1.00 Credits
Westminster College (Salt Lake City)
General category for Special Topics in Economics, e.g., e.g., Public Finance, Multinational Corporations, Mathematical Economics. Prerequisites: ECON 253 or 263 or 105.
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ECON 412 - Special Topics in Economics
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ECON 412B: Environmental Consulting
2.00 Credits
Westminster College (Salt Lake City)
This is course will introduce students to specific aspects of environmental consulting which concentrates on the intersection of electric utility regulation and avoidable environmental degradation. The generation of electricity is responsible for over 60% of the U.S.'s SO2 emissions, 75% of acid gases, 50 % of mercury emissions and 35% of CO2 emissions. Electricity generation is a state regulated industry where a state agency, the Public Service Commission, sets prices and service standards for the companies that produce this vital service. Environmental organizations have come to realize that their intervention into this regulatory process can yield dramatic environmental results. The course will introduce students to how the Utah regulatory process is organized, how rates are set, and how the standards of operation are determined. The course will explain about how electricity generation impacts the environment and how specific regulatory policies can help remedy these problems. It will also explain how environmental groups can get involved in this process as well as discuss various career paths and strategies for future employment opportunities. Specific topics will include: wind power development, Integrated Resource Planning, demand-side management, net metering and other solar programs, rate design, renewable portfolio standards and other topics. The instructor has over 25 years of experience as a utility regulator and environmental consultant. No prerequisites are required.
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ECON 412B - Environmental Consulting
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ECON 412DD: Austrian Economics in History
2.00 Credits
Westminster College (Salt Lake City)
In Conceived in Liberty, Murray Rothbard explains why students should take yet another American history course, writing: "the survey studies of American history have squeezed out the actual stuff of history, the narrative facts of the important events of the past." What is generally left in many history courses are dates and compressed summaries. This course provides historical narrative, context and the causal links between past events in a way that allows students to interpret histories for themselves. However, like in all history courses, judgements were made to select and order historical facts. These judgements organize this course around the great conflict between liberty (freedom) and power (tyranny), a conflict that Rothbard says American revolutionaries understood with "crystal clarity."
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ECON 412DD - Austrian Economics in History
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ECON 412FF: What Matters in Fin. Econ?
2.00 Credits
Westminster College (Salt Lake City)
This course surveys the latest progress in financial economics. Topics include law and finance, corporate governance, media and finance, politics and finance, social network and finance, industrial organization and finance, corporate innovations, and corporate social responsibility and finance. The course will also introduce the basic intuition of modern quantitative techniques for causal analysis such as two-stage-least-squares method using instrumental variables, fixed effects models, propensity score matching, difference-in-difference analysis using natural experiments, and regression discontinuity design.
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