| |
100
Level Courses
15-ECON-101
-Introduction to Microeconomics - 3 ug cr. - Economic principles basic to behavior of individuals, firms, markets; pricing for resource allocation and decision-making. Includes topics such as, opportunity cost and comparative advantage, supply and demand and their applications, elasticity, costs and production, competition, monopoly, public goods and externalities.
15-ECON-101H - Introduction to Microeconomics (Honors)
- 3 ug cr. - Departmental approval required.
15-ECON-102 - Introduction to Macroeconomics - 3 ug
cr. - Economic analysis of national income, money and
banking,
fiscal and monetary policy. Economics in a political
decision making context.
15-ECON-102H - Introduction to Macroeconomics (Honors)
- 3 ug cr. - Departmental approval required.
15-ECON-106 -Principles of Microeconomics in Spanish
- 3 ug cr. - Economic principles basic to behavior of
individuals, firms, markets; pricing for resource allocation
and decision-making taught in Spanish.
back
to top 
300
Level Courses
15-ECON-320 Statistics for Economists - 4 ug cr. - Introduction to statistics and its applications in economics. Topics include descriptive statistics, the concepts and application of probability theory, random variables, distributions, statistical inference, and an introduction to regression. No previous knowledge of statistics will be assumed but the use of formulae and the ability to perform basic algebraic manipulations will be necessary. Prerequisites: Math 225, 226, 227, or equivalent.
15-ECON-321 Introduction to Applied Econometrics
I - 4 ug cr. - Introduction to econometrics with an
emphasis on interpretation and applications. Econometrics
is concerned with the connection between economic concepts,
theories and hypotheses on the one hand, and ‘real
world’ economic data on the other. Typical econometric
tasks include, for example, the quantification of economic
relationships (such as demand curves), and testing
of hypotheses derived from theory. Covers the fundamental
econometric technique of regression analysis and a
variety of model specification issues. A central goal
is to provide students with the necessary skills and
knowledge to use and to correctly interpret the output
from econometrics software. Prerequisite: Econ 320.
15-ECON-341
- Intermediate Microeconomic Theory I- 4 ug cr.
- - Exposition of the general principles and analytical tools of microeconomic theory. Topics include theory of consumer choice, intertemporal choice, choice under uncertainty, costs and production. Prerequisite: Econ. 101.
15-ECON-342 - Intermediate Microeconomic Theory II - 4 ug cr. - Exposition of the general principles and analytical tools of microeconomic theory. Topics include, the analysis of competitive and monopoly markets, oligopoly, pricing, externalities and public goods, and welfare. Prerequisite: Econ. 341.
15-ECON-343 - Topics in Microeconomics Theory - 3 ug
cr. - Exposition of the general principles and analytical
tools of microeconomic theory. Topics include the analysis
of monopolistic competition and oligopoly markets, distribution
theory, economics of information, market failure, general equilibrium
analysis, externalities, property rights, and government.
Prerequisite: Econ 341 and Econ 342 or permission of
instructor.
15-ECON-371 - Money, Banking and the Economy - 3 ug
cr. - Demand for and supply of money, and roles of commercial
banks, other financial intermediaries, and Federal Reserve
System in determining the supply of money and its impact
on the economy. Prerequisite: Econ 101, 102.
15-ECON-372 - Intermediate
Macroeconomic Theory - 4 ug cr. - Measures of aggregate
economic performance, determination of aggregate output,
employment, the price level and income, inflation,
business fluctuations, impacts of monetary policy,
effects of government taxation, spending and the national
debt. Prerequisite: Econ. 101, 102
15-ECON-397H - The Economics of Health Care (Honors)
- 3 ug cr. - This course discusses the theories essential
to understanding the health care system. It also reviews
the United States health care system and compares it
with its counterparts in other industrialized countries.
In addition, it analyzes alternative policies for health
care reform in the United States. Prerequisite: Honors;
permission of instructor.
back
to top
400
Level Courses
15-ECON-422
- Teaching Assistant Practicum for Undergraduate Students
- 3 ug cr. - Supervised experience as a teaching assistant
in an economics class. Can take for three quarters.
Maximum of 6 credits. Prerequisite: Econ GPA of 3.0
or better and at least 21 credit hours in advanced
economics courses. Student TA’s for 101 or 271
must have a grade of B or better in 341 and 342. Student
TA’s for 102 must have a grade of B or better
in 371 and 372.
15-ECON-431 - Honors Seminar - 3 ug cr. - Analytical
study of current problems, research studies and review
of professional literature on economic problems. Writing
of the senior thesis. Prerequisite: Econ. 321, 342,
372
15-ECON-432 - Honors Seminar - 3 ug cr. Continuation
of 431.
15-ECON-482 - Public Economics: Expenditures - 3 ug
cr. - Analysis of topics in public choice, social
goods, distribution, expenditure evaluation. Prerequisite:
Econ. 342 or 271 or equivalent.
15-ECON-483 - Public Economics: Taxation - 3 ug cr.
- Evaluation of alternative tax bases, tax incidence,
efficiency effects, burden of the debt, fiscal federalism.
Prerequisite: 342 or 271 or equivalent.
15-ECON-498
- Supervised professional experience in projects involving
significant economic analysis. Maximum of a total
of none credits in Econ 422 and Econ. 498 combined.
Prior approval of the Director of Undergraduate Studies
is required. Prerequisite: Econ 342, 321, 372, an
Economics GPA of 3.0 or better, and at least 21 credit
hours in advanced economics courses.
back
to top
500
Level Courses
15-ECON-502
- United States Economic History, 1914-present - 3
ug cr. - America’s modern corporate economy,
the Federal Reserve and other government regulation,
the Great Depression, New Deal recovery programs,
and the growth and decline of labor unions. Cross
listing with History Department.
15-ECON-506 - Urban Economic Problems - 3 ug cr or
gr cr. - A review of forces affecting metropolitan
growth, resulting spatial patterns, and economic problems
of congestion, environment, labor markets, and public
finance in metropolitan areas. Prerequisite: Econ.
101, 102, 341.
15-ECON-508 - Economic Theory of Population - 3 ug
cr. - Study of mutual relationships between changes
in population and changes in economic efficiency and
well-being. Prerequisite: Econ. 341.
15-ECON-509 - The Development of Economic Ideas -
3 ug or gr cr. - A survey of the main schools of economic
thought. This course provides a background on the
history of doctrine for economics majors and other
interested persons. Prerequisite: Econ 101, 102.
15-ECON-510 - Strategic Thinking: Business Applications
to Game Theory - 3 ug or gr cr. - Theory: Static games,
Nash Equilibrium, repeated games, folk theorem, Bayesian
games. Applications: output and pricing decisions
by large firms, efficiency wages, insurance policies,
marketing new products, credit rationing, cartel enforcements,
the Coase Theorem. Prerequisite: Econ. 101.
15-ECON-511 - Mathematical Analysis for Economists
I- 3 ug or gr cr. - Survey of mathematical applications
to economic theory and analysis. Designed for students
with limited mathematical background. Prerequisite:
Math 141 or permission of instructor.
15-ECON-512 - Mathematical Analysis for Economists
II- 3 ug or gr cr. - Prerequisite: Econ. 511.
15-ECON-513 - Mathematical Analysis for Economists
III- 3 ug or gr cr. - Prerequisite: Econ. 512.
15-ECON-521 - Introduction to Applied Econometrics
II - 3 ug or gr cr. - Applied econometrics. Topics
include: regression diagnostics, analyzing time series
and cross section data, statistical model selection
and assessment. Students will design and conduct an
applied economics research project using statistical
and econometric techniques. Prerequisite: Econ 321
or permission of instructor.
15-ECON-537 - Economics of Health - 3 ug or gr cr.
- Role and economic significance of health in the
U.S., health expenditures as investments in human
capital, determination of price and output in health
services market, problem of possible monopolization
and unfair trade practices in health field, role of
government in provision of health care. Prerequisite:
Econ 101
15-ECON-541
– Economies of China and Vietnam: Transition
– 3 ug or gr cr. – A detailed analysis
of the economic reforms that occurred in China and
Vietnam which led to the adoption of market systems.
Theories of economic transition are used for the basis
of the analysis, focusing on the institutions necessary
to operate a market system which are absent in a planned
economy. The structure of and current problems in
these economies will also be discussed.Prerequisite:
Econ 101,
102
15-ECON-542
– The Economy of Japan: Fluctuations –
3 ug or gr cr. – A review of Japan’s economic
performance from the end of WWII to the present using
the major theories of economic fluctuations. Special
attention is paid to the institutions particular to
the Japanese economy and their influence on economic
decisions.Prerequisite: Econ 101,
102
15-ECON-543
– East Asian Economies: Development and Crisis
– 3 ug or gr cr. – A study the growth
of the four Asian Tigers (Singapore, S. Korea, Taiwan
and Hong Kong) and other East Asian countries (Thailand,
Malaysia, etc.). Also analyzes the Asian financial
crisis (which adversely affected these economies)
and trade associations (ASEAN, etc.) making the area
a force in the global economy.Prerequisite: Econ 101,102
15-ECON-549 - Rise and Fall of Soviet Economy - 3
ug or gr cr. - Course examines the economic performance
of the Soviet economy from its Marxian foundation
through the industrial success of the 1950s and 60s;
the stagnation of the 70s and 80s; the collapse; the
efforts to turn from central planning to the market.
Prerequisite: Econ 101, 102.
15-ECON-551 - Open Economy Macroeconomics I- 3 ug
or gr cr. - Macroeconomic analysis of balance of payments
and exchange rate determination for the open economy.
Trade deficit and capital account surplus, foreign
aid and debt crisis, international transmission of
recession and policy coordination, and effectiveness
of monetary and fiscal policy and exchange rate management.
Prerequisite: Prerequisite: Econ 372.
15-ECON-552 - International Trade Theory- 3 ug or
gr cr. - Gains from trade and the theory of comparative
advantage. Welfare effects of growth and income transfers.
Income distribution effects in the specific factor
and Heckscher-Ohlin model. Trade when markets are
imperfectly competitive. Trade policies: welfare effects
of tariffs and non-tariff barriers. Tariff arguments
and the political economy of tariffs. Prereq.: Econ
341.
15-ECON-557
- Economics of Work and Family. (New Course proposed)-
3ug cr.-Theoretical and empirical methods for the
analysis of issues related to work and family with
special reference to economics of household production,
joint labot supply, economics of marriage and divorce,
economics of fertility, economics of family child
care, household occupational differentiation, household
structure and labor market outcomes. Many applications
including leave policies, divorce laws, tax policies,
etc. Prerequisite: Econ 341
15-ECON-558 - Labor Market Analysis - 3 ug or gr cr.
- Theoretical and empirical methods for the analysis
of labor markets with special reference to areas such
as labor supply, labor demand, wage determination,
and compensating wage differentials. Many applications
including effects of taxation, income maintenance
programs, technological change, minimum wages, etc.
Prerequisites: Econ 341
15-ECON-559 - Labor Market Issues - 3 ug or gr cr.
- Analytical, empirical and institutional approach
in analyzing issues in selected areas such as human
capital theory, internal labor markets, economics
of discrimination, economics of trade unions, economics
of sports, and economics of immigration. Covering
applications such as effects of affirmative action,
on the job training, and bilateral monopoly. Prerequisites:
Econ 341.
15-ECON-560 - Women in the Economy - 3 ug or gr cr.
- Course will emphasize the economic role of women.
Participation of women in the labor force, the scope
to jobs available to them and their economic insecurity
will be examined. Prerequisite: Econ 101, 102.
15-ECON-561 - Economics of American Industries - 3
ug or gr cr. - This course will look at the challenges
facing businesses as they respond to changes in the
global economy. Special attention will be given to
industries that have faced the need to change products,
processes and technology in order to survive and prosper.
The role of entrepreneurship in today's economy will
be analyzed. Prerequisite: Econ 101 or permission
of instructor.
15-ECON-563 - Economics of Business Institutions and
Business Practices - 3 ug or gr cr. – Efficiency
in economic organizations. Efficiency criteria with
and without wealth effects. Prices as coordination
and motivation tool. Contracts: how to motivate individuals.
Adverse selection, signaling, and screening. Moral
hazard, monitoring, and incentive contracts. Risk
sharing principles and compensation rules. Prereq.:
Econ 341.
15-ECON-565 - Industrial Organization - 3 ug or gr
cr. – Market Structures, Monopoly, Oligopoly,
Business Strategy, Monopoly Power, Collusion and Cartel,
Mergers, Vertical Restraints, Advertising, R &
D, Network Externalities. Prerequisite: Econ 342
15-ECON-567 - Politics and Economics - 3 ug or gr
cr. - The government in a market economy. Reasons
for market failures. Forms of government intervention.
Welfare criteria for policy choices. Economic policy
formation in a democracy. Prerequisite: 341, 271 or
permission of instructor.
15-ECON-569 -Anti-Trust Policy and Trade Regulation
- 3 ug or gr cr. - The history, laws, and economics
of the anti-monopoly and trade regulation policies
of the government. Prerequisite: Econ 342.
15-ECON-575 - Economic Development - 3 ug or gr cr.
- Study of the world's economically developing nations;
the role of advanced nations in regard to less developed
areas; financial aid, technical and educational assistance;
importance of self-help. Prerequisite: Econ 101, 102.
15-ECON-578 - Law and Economics - 3 ug or gr cr. -
An examination of the area of mutual concerns in law
and economics including property, contracts, torts,
and antitrust policy. Prerequisite: Econ 341.
15-ECON-579 - Economics of Crime - 3 ug or gr cr.
- Costs and effect of criminal activity, crime prevention
and control. Prerequisite: Econ 101.
15-ECON-580 - Economic Contract Law - 3 ug or gr cr.
- An examination of the economic basis for contracts
and of the economics of remedies for breach of contract.
Prerequisite: Econ 101.
15-ECON-581 - The Economics of Tort Law - An examination
of the economics of tort law including an analysis
of negligence and its defenses and an analysis of
product liability. Prerequisite: Econ 101.
15-ECON-585 - Stock Markets and Investments I - 3
ug or gr cr. - How stocks are bought and sold; operation
of stock exchanges; economic factors in the rise and
fall of the stock market. Investment characteristics
of particular stocks and bonds. Prerequisite: Econ
101, 102.
15-ECON-586 - Stock Markets and Investments II - 3
ug or gr cr. - How to select securities for purchase
or sale. Building a sound investment portfolio. Prerequisite:
Econ 585.
15-ECON-592 - Economics and the Environment - 3 ug
or gr cr. - Survey of current environmental problems.
Alternative resolutions, planning to meet environmental
problems, and application of a system context for
analysis. Prerequisite: Econ 101, 102.
15-ECON-593 - Economics of Natural Resources and Sustainability
- 3 ug or gr cr. - Problem of natural resource overuse
and sustainability of living standards. Human behaviors
causing problem. Effectiveness of protection measures.
Prerequisite: Econ 101, 102.
15-ECON-594 - Economics of Transportation - 3 ug or
gr cr. - Highway, rail, air, water transportation;
rate making, service, security issuance; combination,
regulation, policy, and economic effects. Prerequisite:
Econ 101.
15-ECON-598 - Guided Independent Research - 3 ug cr.
- Guided independent research with a faculty member
resulting in a scholarly paper. Maximum of 6 credits.
Prerequisite: Econ 342, 372.
15-ECON-599 - Economics Capstone - 3 ug cr. - Application
of economic analysis to current economic topics. Prerequisite:
Econ 342, 372
back
to top
600
Level Courses Open to Undergraduates
Undergraduate
seniors with a grade point of at least 3.3 may register
for up to three APEC graduate courses. Admission requires
the undergraduate student to petition the Graduate Program
Director. Credit cannot be given toward both graduate
and undergraduate degrees for the same course.
15-ECON-650 - Microeconomic Theory I - 3 ug or gr cr.
- Study of the interactions of households and firms
in perfectly and imperfectly competitive markets,
under
certainty and uncertainty, with symmetric and asymmetric
information, in a static world and over time as
encountered
in the real world. Prerequisite: Econ 342 or equivalent.
15-ECON-651 - Microeconomic Theory II- 3 ug or gr cr.
- Continuation of Econ 650. Prerequisite: Econ 650.
15-ECON-655 - Macroeconomic Theory I - 3 ug or gr cr.
- Aggregate income and employment theory. Classical
and Keynesian models; theories of inflation, growth
and problem of external equilibrium. Prerequisite: Econ.
372.
15-ECON-656 - Macroeconomic Theory II - 3 ug or gr
cr. - Prerequisite: Econ. 655.
15-ECON-660 - International Trade Theory - 3 ug or
gr cr. - Gains from trade under perfect and imperfect
competition. Distribution of gains among countries.
Distribution of gains and losses within each country:
short run effects (specific factor model) and long-run
effects (Heckscher-Ohlin model). Trade policies: instruments.
Trade policies: welfare effects. Tariff arguments and
the political economy of tariffs.
15-ECON-662 - Institutions and Policies of International
Trade - 3 ug or gr cr. – US Trade Policy since
1930. GATT, FTA, NAFTA, EU, and WTO: Their Basic Elements.
Tariffs and the MFN Principle. Regional Trading Blocks.
Anti-dumping Laws. Countervailing Duties. Safeguard
Measures. Dispute Settlement. Trade and the Environment.
Regulations of US-EU trade. Trade in Agricultural Goods.
Trade in Services. Prereq.: Econ 552 or Econ 660.
15-ECON-663 - Foreign Exchange Markets & International
Money - 3 ug or gr cr. - The working of foreign exchange
markets; determination of spot and forward rates; the
role of futures, swaps, and options; the relationship
between exchange rates, interest rates, and inflation;
financing international trade; foreign exchange risks
and the multinational firm. Prerequisite: Econ 372
or 655
15-ECON-665 - Case Studies in International Economics
- 3 ug or gr cr. - Each student prepares one case study,
consisting of a detailed description of all known facts
of the case and a thorough theoretical analysis. Cases
might be drawn from dispute settlements at the World
Trade Organization, anti-dumping measures, U.S. trade
legislation, a firm’s foreign market entry, and
so on. Prerequisite: Econ 552, or 655
15-ECON-671
- Economic Data Analysis I - 3 ug or gr cr. -
Using a variety of computer programs this course will
teach the student (1) how to locate secondary sources
of economic data; (2) methods that have been used to
compile economic data; (3) how to transform, summarize,
and display economic data; and (4) simple statistical
techniques to analyze economic data. Prerequisite:
Econ 521 or equivalent
15-ECON-672 - Economic Data Analysis II - 3 ug or gr
cr. -
An introduction to the fundamentals of analyzing economic
relationships using regression techniques. The course
covers methods of statistical inference, hypothesis
testing, forecasting, model selection, and other related
topics. Applications from economics. Prerequisites:
Econ. 671 or permission of instructor
15-ECON-673 - Economic Data Analysis III - 3 ug or gr
cr. -
A continuation of Economics 672. Topics include regression
diagnostics, analyzing time-series and cross-sectional
data, statistical model selection and assessment. Students
will conduct applied economic research projects using
statistical and econometric techniques. Prerequisites:
Econ. 672 or permission of instructor.
15-ECON-689 - Special Problems in Economics - 1 or more
ug or gr cr. - By prior arrangement with the department.
For students desiring individual work.
back
to top
|
