Economics

College of Arts & 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. Carries social science divisional credit in CAS. 4 cr. Tuition: $2720

Summer 1 (May 22-June 28)

Summer 2 (July 2-August 9)

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Introductory Macroeconomic Analysis

CAS EC 102

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. 4 cr. Tuition: $2720

Summer 1 (May 22-June 28)

Summer 2 (July 2-August 9)

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Intermediate Microeconomic Analysis

CAS EC 201

Prereq: (CAS EC 101). Determination of commodity prices and factor prices under differing market conditions of competition and monopoly. 4 cr. Tuition: $2720

Summer 1 (May 22-June 28)

Summer 2 (July 2-August 8)

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Intermediate Macroeconomic Analysis

CAS EC 202

Prereq: (CAS EC 102). Determination of aggregate income and employment. Analysis of fiscal and monetary policy. Inflation and incomes policy. Problems of the open economy. 4 cr. Tuition: $2720

Summer 1 (May 22-June 28)

Summer 2 (July 3-August 9)

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Empirical Economics 1

CAS EC 203

Prereq: (CAS EC 101 & CAS EC 102). Statistical techniques are presented and applied to a variety of economics problems. Extensive use of the statistical software package STATA. Note that students may not receive credit for both CAS EC 203 and EC 303. 4 cr. Tuition: $2720

Summer 1 (May 22-June 28)

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Empirical Economics 2

CAS EC 204

Prereq: (CAS EC 101 & 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. 4 cr. Tuition: $2720

Summer 2 (July 2-August 8)

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Economics of Less-Developed Regions

CAS EC 320

Prereq: (CAS EC 101 & 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 development planning and programming. 4 cr. Tuition: $2720

Summer 2 (July 3-August 9)

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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. Tuition: $2720

Summer 2 (July 2-August 8)

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Market Structure and Economic Performance

CAS EC 332

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, and advertising and technological change as part of market performance. 4 cr. Tuition: $2720

Summer 1 (May 22-June 28)

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Economic Analysis of Legal Issues

CAS EC 337

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 of regulating the environment. 4 cr. Tuition: $2720

Summer 2 (July 3-August 9)

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Monetary and Banking Institutions

CAS EC 341

Prereq: (CAS EC 202). Survey of commercial and central banking institutions. Examination of macro relations between financial organizations and principal objectives of stabilization policy. 4 cr. Tuition: $2720

Summer 1 (May 22-June 28)

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Economics of the Labor Market

CAS EC 356

Prereq: (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. 4 cr. Tuition: $2720

Summer 1 (May 22-June 27)

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Economics of Sports

CAS EC 385

Prereq: (CAS EC 201) and (CAS EC 203 or CAS EC 305); or the equivalent. Applies the tools of microeconomic theory and empirical methods to study questions such as the optimal design of sports leagues, the impact of new stadiums on a local economy, fan (customer) discrimination, and salary differentials between players. 4 cr. Tuition: $2720

Summer 2 (July 3-August 9)

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Introduction to Health Economics

CAS EC 387

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 work-force supply, and demand for health care. 4 cr. Tuition: $2720

Summer 1 (May 22-June 28)

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International Economics I

CAS EC 391

Prereq: (CAS EC 201). The pure theory of international trade. Topics include comparative advantage and gains from trade, tariff and nontariff barriers to trade, and case studies in international economic policy. 4 cr. Tuition: $2720

Summer 2 (July 2-August 8)

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International Economics II: Problems and Policy

CAS EC 392

Prereq: (CAS EC 202). 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. Tuition: $2720

Summer 1 (May 22-June 27)

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Game Theory

CAS EC 403

Prereq: (CAS MA 121 OR CAS MA 123). 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. Tuition: $2720

Summer 1 (May 22-June 27)

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