Other Undergraduate Courses
CAS EC 201 Intermediate Microeconomics Analysis
(Requirement for economics majors) Prereq: CAS EC 101. Determination of commodity prices and factor prices under differing market conditions of competition and monopoly.
CAS EC 202 Intermediate Macroeconomic Analysis
(Requirement for economics majors) Prereq: CAS EC 102. Determination of aggregate income and employment. Analysis of fiscal and monetary policy. Inflation and income policy. Problems of the open economy.
CAS EC 203 Empirical Economics I
Prereq: EC101 and EC102. Statistical techniques are presented and applied to a variety of economics problems. Extensive use of the statistical software package STATA will be made. Note that students may not get credit for both EC203 and EC305 (students may take either EC203 or EC305 to fulfill their economics statistics requirement).
CAS EC 204 Empirical Economics II
Prereq: EC101; EC102; and EC203 or EC305 (or the equivalent). Builds on the material in EC203, developing more complex statistical techniques and applications. This course covers similar material to that in EC414 but in a more applied fashion (students who desire a more mathematically intense introduction to econometrics should consider taking EC414 rather than EC204). Note that students may not get credit for both EC204 and EC414. Both EC204 and EC414 may be counted as one of the three required electives in the economics minor, or one of the six required electives in the economics major.
CAS EC 303: Empirical Economic Analysis 1
Prereq: 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 EC203.
CAS EC 304: Empirical Economic Analysis 2
Undergraduate Prerequisites: CAS EC 303 or CAS MA 214 or SMG SM 221. Builds on the material in CAS EC 303, developing more complex statistical techniques and applications. This is a more theoretically advanced version of EC204.
CAS EC 320 Economics of Less-Developed Regions
Prereq: 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, and rigorous analysis of criteria for policy judgments in development planning and programming.
CAS EC 323 Behavioral Economics
Prereq: 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 Economics of Poverty and Discrimination in the United States
Prereq: CAS EC 201, and either CAS EC 305 or CAS EC 203. 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
Prereq: CAS EC 201. Structure of the American economy. The theory of imperfect competition. Topics include firm concentration and conglomeration; consumer ignorance and market failure; advertising and technological change as part of market performance.
CAS EC 333 Seminar on Market Organization and Public Policy
Prereq: CAS EC 332 or CAS EC 201. Discussion of selected markets determined by the instructor. Introduction to antitrust and regulatory policy.
CAS EC 337 Economic Analysis of Legal Issues
Prereq: 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 guiding various activities.
CAS EC 341 Monetary and Banking Institutions
Prereq: CAS EC 202. Survey of commercial and central banking institutions. Examination of macro relations between financial organizations and principal objectives of stabilization policy. Recent monetary policy.
CAS EC 342 Monetary and Banking Theory
Prereq: CAS EC 341 or consent of instructor. After a brief survey of the development of modern monetary theory, this course examines the selected theoretical aspects of monetary economics and financial organization covered in EC 341. Additional emphasis on capital theory and macroeconomic models. Research paper required.
CAS EC 356 Economics of the Labor Market
Prereq: CAS EC 201. Analysis of labor force, labor supply, wages, and unemployment in terms of labor market experience and current theories. Appraisal of the effects of unions and government policies on the economic position of labor.
CAS EC 365 Economic Institutions in Historical Perspective
Prereq: CAS EC 101. 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
Prereq: 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 Contemporary East Asian Economics
Prereq: CAS EC 101 and EC 102. Provides an introduction to the economics of Japan, Korea, and Taiwan. Topics include Japanese firms, labor markets, finance, monetary and fiscal policies, industrial policies, and Taiwanese and Korean post-1960 economic development.
CAS EC 369 Economic Development of Latin America
Prereq: CAS EC 101 and EC 102. Contemporary issues of economic and social policy. Macroeconomic issues: inflation, stabilization, and the debt crisis. Foreign trade and economic restructuring. Poverty and income distribution. Role of the state.
CAS EC 370 The Chinese Economy
Prereq: CAS EC 201; CAS EC 202; and CAS EC 305 or CAS EC 203. Introduces the working of the Chinese economy. Combines historical-institutional and theoretical-quantitative approaches to study the transformation of China’s economy into a market economy with special characteristics.
CAS EC 371 Environmental Economics
Prereq: CAS EC 201. Role of economics in environmental planning. Economic analysis of the causes of pollution and its control through taxes, the use of property rights, and standards. Application of cost-benefit models as an aid in policy decisions affecting the environment. Domestic and international issues addressed.
CAS EC 377 Government, Business, and Labor
Prereq: CAS EC 201. Examines economic growth from the perspective of the structure, conduct, and performance of business. Combines economic theories of conduct and strategy with industry case studies and evaluates the effect of government policy toward business and labor on the performance of the economy.
CAS EC 385 Economics of Sports
Prereq: CAS EC201, and either CAS EC305 or CAS EC 203 or equivalent. Applies the tools of microeconomic theory and empirical methods to study such questions as the optimal design of sports leagues, the impact of new stadiums on a local economy, fan (customer) discrimination, and salary differentials between players.
CAS EC 387 Introduction to Health Economics
Prereq: CAS EC 201. Concepts of health economics applicable to both developed and developing countries. Topics include effect of health on the economy, effect of health care on health, hospital behavior, health manpower supply, demand for health care.
CAS EC 391 International Economics I
Prereq: CAS EC 201. The pure theory of international trade. Topics include comparative advantage; the gains from trade; tariff and nontariff barriers to trade; case studies in international economic policy.
CAS EC 392 International Economics II: Problems and Policy
Prereq: CAS EC 202. Open economy macroeconomics. Various models are covered to study the role that international trade and capital flows play in the macroeconomic adjustment to internal and external disturbances. Specific topics to be covered include balance of payments accounting; internationalization of financial markets and macroeconomic implications; international policy coordination; exchange rate determination; efficiency of foreign exchange market.
CAS EC 403 Game Theory
Prereq: CAS MA 121, 123, or 127. Models of decision making in which the choices of different individuals interact.
CAS EC 404 Economics of Information
Prereq: CAS EC 201 and one of CAS MA 121, 122, 123, 124, 127 or 129, or consent of instructor. Recommended: CAS EC 403. Introduction to the field of information economics and its applications. Covers a wide range of situations in which players have access to different private information and this private information differently affects their incentives and strategic behavior.
CAS EC 436 Economics of Corporate Organization
Prereq: CAS EC 201; CAS MA 121 or CAS MA 123 or CAS MA 127; CAS EC 305 or CAS EC 203 or CAS MA 213; and CAS MA 214 or SMG SM 221. Economic analysis of the architecture of firms and other organizations. Topics include firm boundaries, the allocation of ownership and control, integration and outsourcing, corporate governance, performance evaluation, and compensation.
CAS EC 445 Economics of Risk and Uncertainty
Prereq: CAS EC 201, CAS EC 202; CAS EC 305 or CAS EC 203; and CAS MA 121 or CAS MA 123 or CAS MA 127. For advanced undergraduates. Emphasis on quantitative links between theory and data. Topics include expected utility, portfolio choice and the capital asset pricing model, interest rates and monetary policy, the relation between the real economy and the stock market.
Senior Honors Thesis and Directed Studies
CAS EC 401, 402 Senior Honors Thesis
Prereq: minimum GPA of 3.5 and approval of department, CAS EC 204 or EC414 strongly recommended. This is a requirement to graduate with departmental honors. It is a two-semester independent investigation under the direction of an economics department faculty member, culminating in a thesis and an oral examination based on the thesis.
CAS EC 491, 492 Directed Study in Economics
Prereq: Approval of the Director of Undergraduate Studies in the Economics Department. One-semester independent investigation under faculty supervision. Variable credit.