Economics

• 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. Carries social science divisional credit in CAS.
• 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.
• CAS EC 111: Introductory Microeconomic Analysis Special Achievement
  Covers the same material as CAS EC 101 but in more depth and at a more advanced level. For this section, a knowledge of algebra is highly desirable. Carries social science divisional credit in CAS.
• CAS EC 112: Introductory Macroeconomic Analysis Special Achievement
  Covers the same material as CAS EC 102 but more thoroughly and rigorously and at a more advanced level. For this section, a knowledge of algebra is highly desirable. Carries social science divisional credit in CAS.
• CAS EC 171: Personal Life Cycle Economics
  Applies the life cycle model to personal economic decisions including spending, saving, borrowing, insuring; matriculation; choosing careers, jobs, and locations; marrying, having children, divorcing; retiring, retirement accounts, taking Social Security; buying insurance; and investing in stocks and bonds. Does not count for EC major or minor credit. Carries social science divisional credit in CAS.
• CAS EC 201: Intermediate Microeconomic Analysis
  Determination of commodity prices and factor prices under the differing market conditions of competition and monopoly. (This course was formerly numbered CAS EC 303 and cannot be taken for credit in addition to EC 303.)
• CAS EC 202: Intermediate Macroeconomic Analysis
  Determination of aggregate income and employment. Analysis of fiscal and monetary policy. Inflation and incomes policy. Problems of the open economy. This course was formerly numbered CAS EC 304 and cannot be taken for credit in addition to EC 304.
• CAS EC 211: Honors Intermediate Microeconomic Analysis
  Similar to EC 201, but makes extensive use of mathematics, including calculus. Shows how consumers, firms, and governments use the tools of microeconomics to analyze decisions. Students learn to think like an economist and use abstract models to make sense of real world problems.
• CAS EC 212: Honors Intermediate Macroeconomic Analysis
  Similar to EC 202, but makes extensive use of calculus and places greater emphasis on the microeconomic foundations of macroeconomics, demonstrating the importance of these foundations for the implications of macroeconomic models and of desirable macroeconomic policies.
• CAS EC 305: Economic Statistics
  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. Cannot be taken for credit in addition to SMG SM 221.
• CAS EC 320: Economics of Less-Developed Regions
  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.
• CAS EC 323: Behavioral Economics
  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: The Economics of Poverty and Discrimination in the United States
  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
  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.
• CAS EC 333: Market Organization and Public Policy
  Discussion of selected markets determined by the instructor. Introduction to antitrust and regulatory policy.
• CAS EC 337: Economic Analysis of Legal Issues
  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.
• CAS EC 341: Monetary and Banking Institutions
  Survey of commercial and central banking institutions. Examination of macro relations between financial organizations and principal objectives of stabilization policy.
• CAS EC 342: Monetary and Banking Theory
  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.
• CAS EC 355: Economics of the Workplace and Public Policy
  Analysis of economic theories of human resources management and labor relations as they relate to wage determination, human capital investment, and labor productivity. Analyzes public policies toward unions, collective bargaining, and workplace regulation using historical materials and contemporary cases.
• CAS EC 356: Economics of the Labor Market
  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.

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