Courses in Economics
Analysis of supply and demand in markets for goods and markets for the factors of production. Study of various market structures, price determination in perfectly competitive and imperfectly competitive markets. May not be taken for credit by students with credit for A ECO 300.
Examination of the institutional structure of an economic system. Analysis of aggregate economic activity, the determinants of the level, stability, and growth of national income, the role of monetary and fiscal policy. May not be taken for credit by students with credit for A ECO 301.
An interdisciplinary study of economic disparities among nations. Focus on underdevelopment and poverty, problems in agricultural and industrial development. Population growth and unemployment. Global interdependence and
Discussion of the historical development and current structure of the American economy. Using an interdisciplinary approach and without any technical/mathematical tools, major economic issues will be discussed, such as
Introduction to some of the basic mathematical tools used in economics, including the construction and comprehension of simple graphs, as well as some of the economist’s conceptual tools, including marginal analysis, national income analysis, supply
Examines current topics in economics; topics vary from time to time. Only one version of A ECO 280 may be taken for credit. May not be offered in 2019-2020.
Introduction to price theory, distribution theory, and market structure analysis.
T ECO 300 Honors Intermediate Microeconomics (3)
This course provides an advanced introduction to intermediate level microeconomics. Topics that will be covered include price theory, distribution theory, and market structure analysis.
Study of American economic institutions from the early 19th century to the present. Employs statistical methods and both micro and macro theoretical constructs. Only one version of A ECO 312 may be taken for credit. Prerequisite(s): A ECO 110 and 111. May not be offered in 2019-2020.
Economic change in modern European societies. Comparative study of the growth of various European countries emphasizing the variables associated with development: population, technology, capital formation, output, resources, and income distribution. Only one version of A ECO 313 may be taken for credit. Prerequisite(s): A ECO 110 and 111. May not be offered in 2019-2020.
The evolution of modern economics with
Statistical techniques in economic analysis. Topics include distribution theory and statistical inference as applied to regression models. Students gain experience in testing economic theories using a computer regression package. Prerequisite(s): A ECO 110 and 111; A ECO 210 or A MAT 101, or 106, or 111 or 112 or 118.
Introduction to the analysis of economic growth and development. Historical, descriptive, and analytical approaches to the problems of fostering economic growth. Consideration of alternative theories of the causes and problems of underdevelopment. Only one version of A ECO 330 may be taken for credit. Prerequisite(s): A ECO 110 and 111.
Analysis of the city-metropolis and the economic forces which condition its growth pattern and allocation of scarce resources. The public sector, especially local government, is examined in its role of solving the problems of inadequate jobs, housing, education, and other services. Only one version of A ECO 341 may be taken for credit. Prerequisite(s): A ECO 110 and A ECO 111.
The principles of money, commercial banking, and central banking; an elementary consideration of issues of monetary policy and financial markets. Prerequisite(s): A ECO 110 and 111.
The basic measures of interest, annuities, sinking funds, amortization schedules, bonds, and installment loans. Recommended as preparation for Actuarial Society exam FM. Only one version of A ECO 351 may be taken for credit. Prerequisite(s): A MAT 113.
Introduction to the financial problems of governments: public expenditures, basic kinds of taxes and tax systems, grants-in-aid, public borrowing, debt management, and fiscal policy. Only one version of A ECO 355 may be taken for credit. Prerequisite(s): A ECO 110 and 111.
Problems of financing state and local government within the context of a federal system. Relevance and limits of fiscal theory for state and local government tax and expenditure policy. Only one version of A ECO 356 may be taken for credit. Prerequisite(s): A ECO 110 and 111.
The development of international trade and trade theory since mercantilism; international financial institutions, the foreign exchange market, and the problems of international balance of payments and international liquidity. Prerequisite(s): A ECO 110 and 111.
Economic change in Latin American societies. Comparative study of the growth of various Latin American countries emphasizing the variables associated with development: population, technology, capital information, output, resources
A study of the economic growth of Japan and Korea and of current issues facing these economies. Only one version of A ECO 362 may be taken for credit. Prerequisite(s): A ECO 110 and 111 or permission of instructor.
This course focuses on the development of the Chinese economy from its Neolithic period to economic reform in the twenty-first century. The goal is to understand the dynamics that produced distinctive patterns in the evolution of China's economy. At the same time, students will understand how a grasp of basic economic concepts can illuminate China's broader historical experience. Topics of special interest include the relationship between technological innovation and economic life, distinctive forms of economic organization in China, the impact of government policy on the private economy, China's experiment with state socialism, and the emergence of the so-called "socialist market economy."
Study of wage theories and wage structures; wage-cost-price interaction; and wage, supply, and employment relationships. Only one version of A ECO 370 may be taken for credit. Prerequisite(s): A ECO 110 and 111.
Theoretical, empirical, and institutional analysis of the distribution of income and wealth, including policies and programs designed to affect these distributions. Only one version of A ECO 371 may be taken for credit. Prerequisite(s): A ECO 110 and 111.
Relationship between market structure, economic efficiency, and social welfare. Consequences of competition, monopoly, and business practices including collusion, horizontal mergers
An introductory discussion of selected economic issues of current importance. The course will focus on different economic problems each term. May be repeated up to 6 credits when content varies. Prerequisite(s): A ECO 110 and 111.
Economics concepts are used to explain the nature of demand and supply in the health care field. The behavior of consumers and health care providers is examined from an economic perspective. Areas of market failures and the rationale for government intervention are also described. Only one version of A ECO 381 may be taken for credit. Prerequisite(s): A ECO 300 or permission of the instructor.
The application of economic concepts such as efficiency, externalities, and trade-offs to the analysis of common law, crime and punishment, product safety laws, and other legal interventions in market and non-market behavior. Only one version of A ECO 383 may be taken for credit. Prerequisite(s): A ECO 300.
Develops the economic frameworks of pollution control and natural resources management, and provides economic analyses of past and current environmental policies. Covers control of both local pollution (e.g., acid rain) and global pollution (e.g., climate change), and the management of both nonrenewable resources (e.g., coal and gas) and renewable resources (e.g., fisheries, wind and solar). Only one version of AECO 385 may be taken for credit. Prerequisite(s): AECO 300 and 320 or permission of instructor.
Introduction to the construction and use of econometric macro models, including theoretical specification, statistical estimation
Study of the strategic interaction among rational agents. Development of the basic analytical tools of game theory, including simultaneous and sequential move games, games with incomplete information, and alternative equilibrium concepts. Applications in fields such as industrial organization, public economics, international trade, and voting. Prerequisite(s): A ECO 300; A ECO 320 (or B ITM 220 or A MAT 108) or permission of instructor.
Applications of advanced calculus to
Application of regression to a problem chosen by the student. Some general discussion of data sources, the derivation of index numbers
Introduction to computer use and applications in economics, econometrics, and data analysis. Applications may include spreadsheet software such as Excel and statistical software such as SAS. Prerequisite(s): A ECO 320. May not be offered in 2019-2020.
Theoretical, institutional, and empirical characteristics of trade and capital movements between nations. Review of the pure theories of comparative advantage, gains from trade, commercial policy, and resource transfers.
The foreign exchange market and international payments are described and analyzed. Emphasis is placed on analyzing the implications of flexible and fixed exchange rate regimes for the stabilization of price levels and employment in small and large countries. Proposals for exchange management and reform of the international monetary system are evaluated. Prerequisite(s): A ECO 110, 111, and 301.
Microeconomic analysis of the role of the public sector in resource allocation within a market economy: theory of market failures, alternative corrective measures for market failures, public choice theory, partial and general equilibrium analyses of major taxes, and welfare-based public investment criteria. Only one version of A ECO 455 may be taken for credit. Prerequisite(s): A ECO 300 and 355 or permission of instructor.
A ECO 457 Theories of Fairness (3)
Explores alternative notions of fairness and their relation to economic efficiency and collective welfare. The focus will be on developing appropriate analytical tools and applying them to a wide range of allocation problems, including market exchange, bargaining, cost-sharing, bankruptcy, estate division, and collective decision-making. Prerequisite (s): A ECO 300.
Financial markets, efficient-market theory, financial panics, choice under uncertainty, risk aversion, portfolio choice, capital-asset pricing model, futures, options, flow of funds, saving and investment, financing economic development, government debt, international debt, term structure of interest rates, interest rate forecasting. Only one version of A ECO 466 may be taken for credit. Prerequisite(s): A ECO 301 or 350.
This course provides an up-to-date overview of the labor market. While the benchmark competitive market model is discussed, the main focus is on the mechanisms that prevent the labor market from being competitive. At the
Relationship between market structure,
Application of economic concepts to the decision making of the firm. Topics may include market and demand analysis, risk and uncertainty, pricing, production, investment decisions, and capital budgeting. Prerequisite(s): A ECO 300 and 320, or permission of instructor.
Detailed analysis of specific topics in economics. Topics may vary from semester to semester. May be repeated up to 6 credits when content varies. Prerequisite(s): A ECO 300, 301, and 320; permission of instructor.
This course provides undergraduate majors in economics the opportunity to work as a teaching aide and facilitator to faculty teaching the introductory courses in economics. Meetings with students enrolled in the introductory course are scheduled weekly. Prerequisite(s): major in economics; a grade of B or higher in A ECO 300 and 301; and permission of instructor. S/U graded. May not be offered in 2019-2020.
Economics Internship requires active participation in economic research outside the University, together with senior standing as an economics major. May be taken only once for credit. Internships are open only to qualified seniors who have an overall grade point average of 2.50 or higher. Permission of instructor is required. S/U graded.
Student-initiated research project under faculty guidance. May be repeated for credit up to a total of 6 credits with permission of department. Prerequisite(s): A ECO 300, 301
