Courses
Economics
Check back on December 15th for Summer 2010 courses.
College of Arts and Sciences
Introductory Microeconomic Analysis
CAS EC 101
One 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. 4 cr.
Introductory Macroeconomic Analysis
CAS EC 102
One 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. 4 cr.
Intermediate Microeconomic Analysis
CAS EC 201
Prereq: CAS EC 101 or EC 111. Determination of commodity prices and factor prices under
differing market conditions of competition and monopoly. 4 cr.
Intermediate Macroeconomic Analysis
CAS EC 202
Prereq: CAS EC 102 or EC 112. Determination of aggregate income and employment.
Analysis of fiscal and monetary policy. Inflation and incomes policy. Problems
of the open economy. 4 cr.
Economic Statistics
CAS EC 305
Prereq: CAS EC 101 or EC 111 and EC 102 or EC 112. Introduction to fundamentals
of statistical inference, estimation and tests of hypotheses, regression and
analysis of variance, nonparametric statistics, and applications using automatic
computation programmed packages. 4 cr.
Economics of Less-Developed Regions
CAS EC 320
Prereq: CAS EC 101 or EC 111 and EC 102 or EC 112. 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 developmental planning and programming.
4 cr.
Behavioral Economics
CAS EC 323
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. 4 cr.
Market Structure and Economic Performance
CAS EC 332
Prereq: CAS EC 201, EC 211, or EC 303. 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. 4 cr.
Economic Analysis of Legal Issues
CAS EC 337
Prereq: CAS EC 101 or EC 111. 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. 4 cr.
Monetary and Banking Institutions
CAS EC 341
Prereq: CAS EC 202, EC 212, or EC 304. Survey of commercial and central
banking institutions. Examination of macro relations between financial organizations
and principal objectives of stabilization policy. 4 cr.
Environmental Economics
CAS EC 371
Prereq: CAS EC 201, EC 211, or EC 303. 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. 4 cr.
Government, Business, and Labor
CAS EC 377
Prereq: CAS EC 201, EC 211, or EC 303. 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. 4 cr.
Introduction to Health Economics
CAS EC 387
Prereq: CAS EC 201, EC 211, or EC 303. 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 work-force supply, and demand for health care. 4 cr.
International Economics I
CAS EC 391
Prereq: CAS EC 201, EC 211, or EC 303. The pure theory of international trade. Topics
covered include comparative advantage and gains from trade; tariff and nontariff
barriers to trade; and case studies in international economic policy. 4 cr.
International Economics II: Problems and Policy
CAS EC 392
Prereq: (CAS EC 202, EC 212, or EC 304) and EC 305. Basic issues of international finance.
Topics include the balance of payments, balance of payment adjustments, theories of
exchange rate determination, and case studies in international economic policy. 4 cr.
Game Theory
CAS EC 403
Prereq: CAS MA 121, MA 122, MA 123, MA 124, MA 127, or MA 129, or consent of
instructor. Models of decision-making in which the choices of different
individuals interact: basic equilibrium notions in normal form games, including
signaling games and repeated games. Applications include auctions, foreign policy,
takeover bids, entry deterrence, cooperation and conflict, financial markets, and
public goods. 4 cr.
Elementary Mathematical Economics
CAS EC 505
Prereq: CAS MA 121 or consent of instructor. Stresses the formulation of economic problems in mathematical terms. Topics covered include partial derivation, total differentials, constrained maximization, matrix algebra, dynamic analysis, and discounting. Cannot be taken for credit by concentrators in Mathematics or Economics and Mathematics. 4 cr.
