Economics

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  • CAS EC 101: Introductory Microeconomic Analysis
    The first semester of a standard two-semester sequence for those considering further work in management or economics. Coverage includes economics of households, business firms, and markets; consumer behavior and the demand for commodities; production, costs, and the supply of commodities; price determination; competition and monopoly; efficiency of resource allocation; governmental regulation; income distribution; and poverty. Carries social science divisional credit in CAS.
  • CAS EC 102: Introductory Macroeconomic Analysis
    The second semester of a standard two-semester sequence for those considering further work in management or economics. National economic performance; the problems of recession, unemployment, and inflation; money creation, government spending, and taxation; economic policies for full employment and price stability; and international trade and payments. Carries social science divisional credit in CAS.
  • CAS EC 201: Intermediate Microeconomic Analysis
    Undergraduate Prerequisites: CAS EC 101.
    Determination of commodity prices and factor prices under the differing market conditions of competition and monopoly.
  • CAS EC 202: Intermediate Macroeconomic Analysis
    Undergraduate Prerequisites: CAS EC 102.
    Determination of aggregate income and employment. Analysis of fiscal and monetary policy. Inflation and incomes policy. Problems of the open economy.
  • CAS EC 203: Empirical Economics 1
    Undergraduate Prerequisites: CAS EC 101 and CAS EC 102.
    Statistical techniques are presented and applied to a variety of economics problems. Extensive use of the statistical software package STATA.
  • CAS EC 204: Empirical Economics 2
    Undergraduate Prerequisites: CAS EC 203 or CAS MA 214 or SMG SM 221.
    Builds on the material in CAS EC 203, developing more complex statistical techniques and applications.
  • CAS EC 303: Empirical Economic Analysis 1
    Undergraduate Prerequisites: CAS EC 101 and CAS EC 102.
    Statistical techniques are presented and applied to a variety of economics problems. Extensive use of the statistical software package STATA. This is a more theoretically advanced version of CAS EC 203.
  • CAS EC 304: Empirical Economic Analysis 2
    Undergraduate Prerequisites: CAS EC 303 or CAS MA 214 or SMG SM 221.
    Builds on the material covered in CAS EC 303, developing more complex statistical techniques and applications. This is a more theoretically advanced version of CAS EC 204.
  • CAS EC 320: Economics of Less-Developed Regions
    Undergraduate Prerequisites: CAS EC 101 and CAS EC 102.
    Theoretical and empirical examination of the structural changes associated with the process of economic development; special reference to poor regions and countries; rigorous analysis of criteria for policy judgments in developing planning and programming.
  • CAS EC 322: Political Economy of the Middle East and North Africa
    Undergraduate Prerequisites: CAS EC 101 and CAS EC 102; , and enrollment in the London Internship Program.
    Examines the economic structure, institutional evolution, and political configuration in the countries of the Middle East and North Africa. Issues addressed include legacies of the colonial era, the impact of oil, and the problem of industrialization in resource-based economies.
  • CAS EC 323: Behavioral Economics
    Undergraduate Prerequisites: CAS EC 201.
    Introduction to a new field in economics that challenges the traditional model of rational decision-making and uses research in psychology to construct alternative models. Covers the theory of choice under certainty, uncertainty, and temptation; biases in judgment; social preferences.
  • CAS EC 325: The Economics of Poverty and Discrimination in the United States
    Undergraduate Prerequisites: CAS EC 201 and CAS EC 305; (or CASEC203 or CASEC303).
    Examines who is poor in the United States and how the evidence of poverty has changed over time. Various economic theories for the causes of poverty and discrimination are presented for examination and discussion.
  • CAS EC 330: European Business Environment: Institutions and Enterprise
    Undergraduate Prerequisites: enrollment in the London Internship Program.
    (Meets with CAS IR 336 E.) Examines the contemporary infrastructure of British State and EU involvement in the economy via regulation, investment, security and defense. Introduction to EU perspective on competition policies, environment, agriculture, the single currency, and security policy. Lectures, discussion, field trip to Brussels.
  • CAS EC 332: Market Structure and Economic Performance
    Undergraduate Prerequisites: CAS EC 201.
    Structure of the American economy. The theory of imperfect competition. Topics include firm concentration and conglomeration, consumer ignorance and market failure, and advertising and technological change as part of market performance.
  • CAS EC 333: Market Organization and Public Policy
    Undergraduate Prerequisites: CAS EC 201 or CAS EC 332.
    Discussion of selected markets determined by the instructor. Introduction to antitrust and regulatory policy.
  • CAS EC 337: Economic Analysis of Legal Issues
    Undergraduate Prerequisites: CAS EC 201.
    Economic analysis of current important legal issues. Contributions of economics to analysis of contracts, torts property, and crime. Effects of property rights on allocation of resources and distribution of income. Market and nonmarket schemes of regulating the environment.
  • CAS EC 341: Monetary and Banking Institutions
    Undergraduate Prerequisites: CAS EC 202.
    Survey of commercial and central banking institutions. Examination of macro relations between financial organizations and principal objectives of stabilization policy.
  • CAS EC 342: Monetary and Banking Theory
    Undergraduate Prerequisites: CAS EC 341; or consent of instructor.
    After a brief survey of the development of modern monetary theory, concentration on selected theoretical aspects of monetary economics and financial organization covered in CAS EC 341. Additional emphasis on capital theory and macroeconomic models. Research paper required.
  • CAS EC 346: European Capital Markets
    Familiarizes students with the structure of the European financial system, covering the principal financial markets and institutions, and the analytical concepts and tools that help to explain the processes of price formation and the behavior of participants in these markets. Major financial markets covered are spot and foreign exchange dealings, the Eurocurrency and Eurobond markets, futures and options, and swaps and options. Essential background theory is combined with an emphasis on actual events and activities of the major players.
  • CAS EC 355: Economics of the Workplace and Public Policy
    Undergraduate Prerequisites: CAS EC 201.
    Analysis of economic theories of human resources management and labor relations as they relate to wage determination, human capital investment, and labor productivity. Analyzes public policies toward unions, collective bargaining, and workplace regulation using historical materials and contemporary cases.