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: $2400

Summer 1 (May 20-June 26)

Summer 2 (July 1-August 7)

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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. Carries social science divisional credit in CAS. 4 cr. Tuition: $2400

Summer 1 (May 20-June 26)

Summer 2 (June 30-August 7)

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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: $2400

Summer 1 (May 20-June 26)

Summer 2 (July 1-August 7)

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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: $2400

Summer 1 (May 20-June 26)

Summer 2 (June 30-August 6)

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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. 4 cr. Tuition: $2400

Summer 1 (May 20-June 25)

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Empirical Economics 2

CAS EC 204

Prereq: (CAS EC 203 or CAS MA 214 or SMG SM 221). Builds on the material in CAS EC 203, developing more complex statistical techniques and applications. 4 cr. Tuition: $2400

Summer 2 (June 30-August 6)

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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: $2400

Summer 1 (May 20-June 26)

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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: $2400

Summer 1 (May 20-June 26)

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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: $2400

Summer 2 (June 30-August 6)

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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: $2400

Summer 1 (May 21-June 26)

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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: $2400

Summer 2 (June 30-August 6)

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Contemporary East Asian Economics

CAS EC 368

Prereq: (CAS EC 101 & CAS EC 102). 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. 4 cr. Tuition: $2400

Summer 2 (June 30-August 6)

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Environmental Economics

CAS EC 371

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. 4 cr. Tuition: $2400

Summer 1 (May 20-June 26)

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Economics of Sports

CAS EC 385

Prereq: (CAS EC 201) and either CAS EC 203 or CAS EC 305; or the 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. 4 cr. Tuition: $2400

Summer 2 (July 1-August 7)

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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: $2400

Summer 1 (May 20-June 25)

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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: $2400

Summer 2 (June 30-August 6)

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Game Theory

CAS EC 403

Prereq: (CAS MA 121 or CAS MA 123 or CAS MA 127) 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. Tuition: $2400

Summer 2 (July 1-August 7)

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Economics of Risk and Uncertainty

CAS EC 445

Prereq: (CASEC201 & CASEC202 & CASEC305) and (CASMA121 or CASMA123 or CASMA127). 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. 4 cr. Tuition: $2400

Summer 1 (May 20-June 25)

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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. Tuition: $2400

Summer 2 (August 6-August 26)

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