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. Effective Fall 2018, this course fulfills a single unit in each of the following BU Hub areas: Social Inquiry I, Critical Thinking. In 2019-20 this course fulfills a single unit in each of the following BU Hub areas: Social Inquiry I, Ethical Reasoning, Critical Thinking.
    • Social Inquiry I
    • Ethical Reasoning
    • Critical Thinking
  • 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. Effective Fall 2018, this course fulfills a single unit in the following BU Hub area: Social Inquiry I. Effective Fall 2019, this course fulfills a single unit in each of the following BU Hub areas: Social Inquiry I, Global Citizenship and Intercultural Literacy.
    • Social Inquiry I
    • Global Citizenship and Intercultural Literacy
  • 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. Effective Fall 2019, this course fulfills a single unit in the following BU Hub areas: Social Inquiry II, Critical Thinking.
    • Social Inquiry II
    • Critical Thinking
  • 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 income policy. Problems of the open economy. Effective Fall 2019, this course fulfills a single unit in the following BU Hub areas: Social Inquiry II, Critical Thinking.
    • Social Inquiry II
    • Critical Thinking
  • CAS EC 203: Empirical Economics 1
    Undergraduate Prerequisites: CAS EC 101 and CAS EC 102.
    First semester of a two-semester sequence of empirical techniques used in economic analysis. Statistical concepts are presented and applied to a variety of economics problems. Extensive use of the statistical software package STATA will be made. Effective Fall 2018, this course fulfills a single unit in the following BU Hub area: Quantitative Reasoning I.
    • Quantitative Reasoning I
  • 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. Effective Fall 2019, this course fulfills a single unit in the following BU Hub area: Quantitative Reasoning II.
    • Quantitative Reasoning II
  • CAS EC 303: Empirical Economic Analysis 1
    Undergraduate Prerequisites: CAS EC 101 and CAS EC 102.
    First semester of a two-semester sequence of empirical techniques used in economic analysis (EC303/EC304). 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 EC203. Note that students may not get credit for both EC203 and EC303. Effective Fall 2018, this course fulfills a single unit in the following BU Hub area: Quantitative Reasoning I.
    • Quantitative Reasoning I
  • CAS EC 304: Empirical Economic Analysis 2
    Undergraduate Prerequisites: CAS EC 303; or equivalent.
    Second semester of a two-semester sequence of empirical techniques used in economic analysis. Statistical concepts are presented and applied to a variety of economics problems. Builds on the material in CAS EC 303, developing more complex statistical techniques and applications. This is a more theoretically advanced version of EC204. Effective Fall 2018, this course fulfills a single unit in the following BU Hub area: Quantitative Reasoning II.
    • Quantitative Reasoning II
  • 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. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: Ethical Reasoning, Social Inquiry II.
    • Ethical Reasoning
    • Social Inquiry II
  • CAS EC 323: Behavioral Economics
    Undergraduate Prerequisites: CAS EC 201 and CAS EC 203.
    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. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: Social Inquiry II, Critical Thinking.
    • Social Inquiry II
    • Critical Thinking
  • 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. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: The Individual in Community, Quantitative Reasoning II, Critical Thinking.
    • Quantitative Reasoning II
    • The Individual in Community
    • Critical Thinking
  • CAS EC 330: European Business Environment: Institutions and Enterprise
    Undergraduate Prerequisites: enrollment in the London Internship Program.
    Provides learning and skills at the interface between international business, international relations, and other disciplines, through studying the system of EU "Competences" that provides comprehensive rules of conduct for firms. Includes Briefings by officials from EU Institutions, designed to build/test research/teamwork skills. Effective Fall 2019, this course fulfills a single unit in each of the following BU Hub areas: Social Inquiry II, Global Citizenship and Intercultural Literacy, Teamwork/Collaboration.
    • Global Citizenship and Intercultural Literacy
    • Social Inquiry II
    • Teamwork/Collaboration
  • 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. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: Quantitative Reasoning II, Social Inquiry II, Critical Thinking.
    • Quantitative Reasoning II
    • Social Inquiry II
    • Critical Thinking
  • 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. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: Ethical Reasoning, Historical Consciousness, Critical Thinking.
    • Historical Consciousness
    • Ethical Reasoning
    • Critical Thinking
  • CAS EC 337: Economic Analysis of Legal Issues
    Undergraduate Prerequisites: CAS EC 201; First Year Writing Seminar (e.g., WR 100 or WR 120)
    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. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: Writing-Intensive Course, Ethical Reasoning, Research and Information Literacy.
    • Ethical Reasoning
    • Research and Information Literacy
    • Writing-Intensive Course
  • 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. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: Social Inquiry I, Critical Thinking.
    • Social Inquiry I
    • Critical Thinking
  • 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. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: Social Inquiry II, Research and Information Literacy.
    • Social Inquiry II
    • Research and Information Literacy
  • 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. Effective Fall 2019, this course fulfills a single unit in the following BU Hub area: Quantitative Reasoning I.
    • Quantitative Reasoning I
  • 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. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: Quantitative Reasoning II, Social Inquiry II.
    • Quantitative Reasoning II
    • Social Inquiry II
  • CAS EC 358: Economics of Education
    Undergraduate Prerequisites: CAS EC 201 and CAS EC 204; or equivalent, or consent of the instructor.
    Understanding an individual's decision to invest in education, the effects of education on monetary and non-monetary outcomes, and policies impacting K-12 education. Effective Fall 2020, this course fulfills a single unit in each of the following BU Hub areas: Quantitative Reasoning II, Social Inquiry II.
    • Quantitative Reasoning II
    • Social Inquiry II