Economics

ECON 110 Principles of Microeconomics (1)
Microeconomics is concerned with the behavior of the individual economic agents - consumers, households and businesses - that make up the overall economy. The goal of this course is to introduce students to the analytical tools and techniques used by economists to better understand the choices that economic agents make and how markets function. This course also provides an introduction to fields that apply microeconomics such as environmental economics, international trade, industrial organization, labor economics and public finance.HSS; Staff

ECON 120 Principles of Macroeconomics (1)
Macroeconomics: the determination of national income, employment and the price level. Topics include monetary and fiscal policy, inflation, unemployment, and economic growth. HSS; Staff

ECON 248 Teaching Assistant (1/2 or 1)
Prereq : Permission of instructor; May be graded S/U at instructor's discretion; Staff

ECON 249 Internship in Economics (1/2 or 1)
Interested students working with Economics faculty members, business and government agencies may arrange internships in the areas of economics and public policy. Prereq : permission of the instructor; May be graded S/U at instructor's discretion; Staff

ECON 250 Independent Study (1/2 or 1)
Staff

ECON 257 Statistical Methods I (1)
An introduction to some basic tools necessary for the interpretation and construction of empirical arguments in economics, business and public policy. The course explores the uses, power, scope and limitations of descriptive statistics and elementary statistical inference. Topics include descriptive statistics, probability theory, sampling design, parameter estimation and hypothesis testing. Prereq : 3 years college preparatory mathematics or permission of the instructor; QL; R.Stout; J.Powers;

ECON 258 Statistical Research Methods (1)
A continuation of STAT 200. The course emphasizes the use and interpretation of statistical techniques in economics, particularly regression methods, and the written communication of statistical results. Prereq : STAT 200, one 300 level economics course; QL; W; R.Stout; J.Powers;

ECON 295 Special Topics (1/2 or 1)
Courses offered occasionally to students in special areas of Economics not covered in the usual curriculum.Staff

ECON 301 Intermediate Microeconomics (1)
Microeconomic theory: the study of price determination in various market settings. Prereq : ECON 110, and equivalent of MATH 141 or MATH 151; J.Powers;

ECON 302 Intermediate Macroeconomics (1)
Macroeconomic theory: an analysis of the determinants of the income, employment, and the price level. Fiscal and monetary policies for economic stabilization and growth are examined. Prereq : ECON 110, ECON 120, and equivalent of MATH 141 or MATH 151; QL; S.Cohn; R.Stout;

ECON 303 Statistical Research Methods (1)
A continuation of STAT 200. The course emphasizes the use and interpretation of statistical techniques in economics, particularly regression methods, and the written communication of statistical results. Prereq : STAT 200 and one 300 level economics course; QL; W; R.Stout; J.Powers;

ECON 310 The Economics of Nonprofit Enterprises (1)
Students examine the role of nonprofit enterprises in society and the variety of ways non profits find to finance the goods and services they produce. Students survey economic and political theories about the social need for nonprofits then examine the legal organization, management, and performance of 501c(3) nonprofit organizations. Topics that receive particular attention include: defining the mission, marketing, pricing services and products, charitable fundraising, recruiting paid staff, recruiting volunteer staff, and building effective boards of trustees. Prereq : ECON 110; Cross Listing : BUS 310; R.Stout;

ECON 330 Labor Economics (1)
This course examines the labor market and how economic, social and institutional forces influence the supply and demand for labor. Topics include: labor force participation, wage determination, investments in human capital, wage differentials, discrimination, the role of unions and collective bargaining and policy considerations such as the effects of welfare and social security benefits on levels of participation. Prereq : ECON 110 and 120, or permission of the instructor; Cross Listing : BUS 330; C.Scotton;

ECON 333 Managerial Finance (1)
This course examines the functions, responsibilities, logic and analytical tools of financial management. The elements of the financial administration of the firm will be considered throughout the term. Emphasis will be placed on "why" as well as "how" financial decisions are made in organizations. This will be accomplished by examining the areas of cash flow, valuation, present value, risk and return, cost of capital and short and long term financing. Prereq : BUS 212 or permission of the instructor; Cross Listing : BUS 333; J.Spittell;

ECON 340 Marxist Economics (1)
The study of Marxist political economy with attention to: Marxist methodology, historical materialism, Marxist theories of income distribution and economic crisis, and select topics in political economy, such as the determinants of: technical change, the organization of education, and environmental problems. Prereq : ECON 110, or ECON 120, or permission of the instructor; S.Cohn;

ECON 347 Econometrics (1)
The course focuses on estimating and testing economic relations. Topics include: estimation by ordinary least squares, model evaluation and testing, dummy variables, lagged variables, and remedies for autocorrelation and heteroscedasticity. The course concludes with the estimation and testing of simultaneous equation models. Prereq : ECON 110, ECON 120, ECON 303 or MATH 322, and equivalent of MATH 151; or permission of the instructor; R.Stout;

ECON 348 Teaching Assistant (1/2 or 1)
Prereq : Permission of instructor; May be graded S/U at instructor's discretion; Staff

ECON 349 Internship in Economics (1/2 or 1)
Interested students working with Economics faculty members, business and government agencies may arrange internships in the areas of economics and public policy. Prereq : Permission of instructor; May be graded S/U at instructor's discretion; Staff

ECON 350 Independent Study (1/2 or 1)
Staff

ECON 361 Money and Banking (1)
The course briefly surveys how money and financial markets developed and how they facilitate savings and investment. The focus of the course is on a microeconomic treatment of financial markets, portfolio theory, the banking firm, and banking regulation. Prereq : ECON 301 or permission of the instructor; R.Stout;

ECON 363 Public Economics (1)
A microeconomic analysis of how selected spending programs, taxes, and economic regulations affect the market allocation of resources and the distribution of income. Prereq : ECON 301 or permission of the instructor; R.Andersen; C.Scotton;

ECON 365 Industrial Organization (1)
This course examines the impact of imperfect competition on the behavior of firms and the performance of markets. It extends the analysis introduced in ECON 301 by systematically relaxing the assumptions of the model of perfect competition. The course explores topics such as collusion, predatory behavior, mergers and acquisitions, product differentiation, advertising and anti-trust policy. Prereq : ECON 301; J.Powers;

ECON 368 Environmental and Natural Resource Economics (1)
The study of the economics of renewable and exhaustible resources, environmental problems and policy responses. Topics include: the economics of air and water pollution control, the economics of recycling, the use of cost-benefit analysis, the 'limits to growth' debate, and philosophical issues in environmental policy making. Prereq : ECON 110; Cross Listing : ENVS 368; S.Cohn;

ECON 371 International Economics I (1)
A study of the variants of comparative advantage, barriers to trade, environmental effects, multinational firms and related topics. Prereq : ECON 110 and ECON 120; R.Andersen;

ECON 372 International Economics II (1)
A study of the international financial considerations, including the balance of payments, exchange rate regimes, financial globalization, and international debt. Prereq : ECON 110 and ECON 120; R.Andersen;

ECON 373 Economic Development (1)
Study of the processes of economic development in low income countries. Theories and experience of the accumulation and allocation of productive resources in high income countries. Prereq : ECON 110 and ECON 120; or permission of the instructor; R.Andersen;

ECON 395 Special Topics (1/2 or 1)
Courses offered occasionally to students in special areas of Economics not covered in the usual curriculum.Staff

ECON 399 Senior Seminar in Economics (1)
An in-depth analysis of a selected topic with emphasis on the "doing" of economics. Prereq : ECON 301, ECON 302, ECON 303 and senior standing; or permission of the instructor; O; Staff

ECON 400 Advanced Studies (1/2 or 1)
See College Honors Program. Staff