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 through extensive use of the statistical software package STATA. Note that students may not receive credit for both CAS EC 203 and EC 303.
  • CAS EC 204: Empirical Economics 2
    Undergraduate Prerequisites: CAS EC 101 and CAS EC 102; and CAS EC203 (or equivalent).
    Builds on the material in EC203, developing more complex statistical techniques and applications. This course covers similar material to that in CAS EC 304 but in a more applied fashion (students who desire a more mathematically intense introduction to econometrics should consider taking EC 304 rather than EC 204). Note that students may not receive credit for both EC 204 and EC 304. Either EC 204 or EC 304 may be counted as one of the three required electives in the economics minor.
  • 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. Note that students may not receive credit for both CAS EC 203 and EC 303.
  • CAS EC 304: Empirical Economic Analysis 2
    Undergraduate Prerequisites: CAS EC 303; or equivalent.
    Builds on the material in CAS EC 303, developing more complex statistical techniques and applications. This is a more theoretically advanced version of CAS EC 204. Note that students may not get credit for both EC 204 and EC 304. Either EC 204 or EC 304 may be counted as one of the three required electives in the economics minor.
  • 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 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 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 356: Economics of the Labor Market
    Undergraduate Prerequisites: CAS EC 201.
    Application of current theories of labor supply and demand, wages, education and experience, immigration, labor efficiency, discrimination, and unemployment. Appraisal of the effects of government policies on labor markets.
  • CAS EC 365: Economic Institutions in Historical Perspective
    Undergraduate Prerequisites: CAS EC 101 and CAS EC 102.
    Historical development and role of institutions underlying market economies. Topics include contract enforcement and trading institutions, financial institutions, property rights in land, environmental resources such as water management and fisheries, economic infrastructure, regulation of labor, and capital markets.
  • CAS EC 367: Economics of the Public Sector
    Undergraduate Prerequisites: CAS EC 201.
    Basic principles of public finance; consideration of classical and modern attitudes toward government revenues and expenditures. Survey of problems related to public debt and budget making. Evaluation of fiscal policy as an instrument of control.
  • CAS EC 368: Contemp E Asian
    Undergraduate Prerequisites: CAS EC 101 and CAS EC 102.
    This course description is currently under construction.