Economics

Programs

Courses

ECON 101: Introduction to Macroeconomics

Credits 3

An introduction to the theory of individual economic behavior, markets and the macroeconomic analysis of institutions. Topics include the theory of the consumer, the theory of the firm, market structures, factor markets, income distribution, market failures and the role of governments in macroeconomic affairs.

ECON 103: Introduction to Microeconomics

Credits 3

An introduction to the theory of individual economic behavior, markets and the microeconomic analysis of institutions. Topics include the theory of the consumer, the theory of the firm, market structures, factor markets, income distribution, market failures and the role of governments in microeconomic affairs.

ECON 205: Mathematical Foundations For Economics

Credits 3
Knowledge and familiarity with some level of mathematics is now important to the study of Economics. This course focuses on the basic math required to study economics beyond the introductory level. The non-calculus part of the course deals with functions, series and the basics of matrix algebra. The calculus portion of the course covers differentiation, integration and the basics of differential equations.

ECON 301: Intermediate Macroeconomics

Credits 3

An examination of the determinants of national income, employment and the price level. Centers on the construction and use of models of the economy, principally the Classical and Keynesian models of the macro economy. Includes the theory and practice of fiscal policy, central banking, monetary policy and current policy questions, and discusses issues of the longer run growth of the economy.

ECON 303: Intermediate Microeconomics

Credits 3

Deals primarily with the theory of the consumer, the theory of the firm, different market structures, uncertainty, externalities and issues related to public policy and income distribution. Introduces recent developments in microeconomic theorizing.

ECON 304: Game Theory for the Social Sciences

Credits 2
Introduces the field of game theory and develops some basic concepts, useful in understanding strategic interactions. Presents concepts in cooperative and non-cooperative game theory. Examples from different fields in the social sciences introduce concepts used in game theory.

ECON 305: Econometrics

Credits 3
Introduces the basics of econometric analysis. Topics include regression analysis, multicollinearity, heteroskedacity and autocorrelation. Emphasizes the applied aspects of econometrics through the use of standard computer packages.

ECON 306: Topics in Microeconomics

Credits 3

A hands-on, projects-based course on applying econometric techniques to undertake empirical analysis. The course will focus on mining and organizing data, and using R and STATA to undertake analysis.

ECON 308: Quantitative Intermediate Macroeconomics

Credits 3

A calculus-based, mathematical approach to the theoretical and empirical examination of the determinants of national income, employment and the price level. Includes the theory and practice of economic growth, fiscal policy, central banking and monetary policy. Introduces the student to the frontiers of current macro-economic.

ECON 309: Quantitative Intermediate Microeconomics

Credits 3
A calculus-based, mathematical approach to microeconomics. Deals primarily with the theory of the consumer, the theory of the firm, different market structures, uncertainty, externalities and issues related to public policy and income distribution. Introduces recent developments in microeconomic theorizing.

ECON 310: History of Economic Thought

Credits 3

Examines economic ideas from the Mercantilists (16th century) to the early development of the Neo-Classical School (late 19th and early 20th centuries). Emphasizes issues related to the development of economic thought in the areas of value, distribution and international trade.

ECON 311: Banking & Monetary Policy

Credits 3
This course will cover special issues that arise in the field of banking, and financial institutions in general, such as asymmetric information and understanding how central banks mitigate some of the problems through regulations and it's understanding of financial crises and their relation to monetary policy will be explored. An emphasis will be on economic history and the economic theories that arise from those issues.

ECON 313: Game Theory

Credits 3

Introduces the field of game theory and develops some basic concepts, useful in understanding strategic interactions. Presents concepts in cooperative and non-cooperative game theory. Examples from different fields in the social sciences introduce concepts used in game theory.

ECON 315: Marxism

Credits 3

An examination of Marxist intellectual traditions with heavy emphasis on the writings of Marx. Examines Marx's critique of capitalism and alienation in his early writing to his more formal analysis of capitalism in his work Capital. Looks at how later Marxists and critics of capitalism have used, criticized and reworked elements of the Marxian analysis to continue developing contemporary conceptions of a non-capitalist or classless society.

ECON 316B: Industrial Organization

Credits 4

This course covers the basics of Industrial Organization (IO): the workings of markets and industries, in particular the
way firms compete. IO is concerned primarily with the intermediate case of oligopoly, when there are a few firms which
compete but not enough to result in perfect competition.

ECON 316B: Market Structure and Competitive Strategy

Credits 4

This course provides a comprehensive exploration of Industrial Organization, a field of economics that examines the behavior of firms, market structures, and the interactions within industries. Through theoretical frameworks, empirical analysis, and real-world case studies, students will gain insights into how firms make strategic decisions, the dynamics of competition, and the role of government policies in shaping market outcomes.

ECON 330: Investments

Credits 3

An examination of the structure and operations of the commercial banking system and other financial intermediaries including the stock market and markets for other financial assets, theories of predicting the behavior of stock prices, principles of portfolio selection, and the impact of monetary policy and regulatory agencies on financial markets.

ECON 341: Labor Economics

Credits 3

An examination of labor, both in the formal labor market, and more generally as human productive activity. Topics include the theories of wage determination, the development and impact of trade unions, and analysis of major legal and economic issues relating to the structure and functioning of labor markets. Special attention to issues of equity, relationship and discrimination in formal labor markets and the household.

ECON 342: Economic Development

Credits 3

Through a combination of theoretical frameworks and case studies, presents an overview of the economics of underdeveloped economies. Topics include approaches to and theories of underdevelopment, issues related to growth and redistribution, the rural and agricultural sector, migration and the urban sector, trade, population, the environment and issues related to governance.

ECON 344: Public Finance & Economics of the State

Credits 3
Examines the role of the state in the context of developed economies. Typically examines the role of government taxation, the provision of public goods and the regulation of externalities. Also looks more broadly at the way that the state creates a context for the market and strives to promote the general welfare. Emphasis placed on specific government policies such as welfare reform, social security policy or environmental policy.

ECON 345: Urban Political Economy

Credits 2

A look at the political and economic processes that shape the uses of urban space. Attention to the rise of suburbanization in the United States and the problems of urban poverty, race and class segregation associated with it. Examines historical analysis and issues relating to the "revitalization" of older urban centers.

ECON 346: Behavioral Economics

Credits 3

This course examines how behavioral economics studies effect decision making within different contexts. Decision making will be studied at the individual, organizational and policy levels. A significant portion of the course will be devoted to studying how decision making from a behavioral economics perspective contrasts with the traditional approach. Topics will include methodology, uncertainty and prospect theory.

ECON 347: Marxism

Credits 3

An examination of the Marxist intellectual tradition with heavy emphasis on the writings of Marx himself. Examines Marx's critique of human alienation and capitalism, including an analysis of his work, Capital. Looks at how later Marxists, and critics of capitalism generally, have used, criticized and reworked elements of the Marxian analysis to continue developing contemporary conceptions of a non-capitalist or classless society.

ECON 348: International Trade

Credits 3

Through a combination of theoretical frameworks and real world applications, attempts to develop a broad understanding of micro and macro issues in the area of international economics. Deals with issues related to the logic and critique of free trade, tariffs and quotas, exchange rate determination, balance of payments, open economy macro policy, stabilization policy and the role of international institutions in international trade.

ECON 349: Economics of Inequality

Credits 3
An examination of who gets what and why in market societies. Students will focus on the trends and forces shaping the distribution of income and opportunity in market societies and policies and movements to redistribute income. As such this course addresses the relationship between the private market and the welfare state in the context of debates over the meaning of fairness in economic life.

ECON 350: Political Economy of India and China

Credits 3
This course will focus on two aspects of the political economy of China and India. First, it will undertake a comparative examination of the economic performance of these countries since the 1940s, taking into account important historical and political factors. Second, it will look into what the future may hold for these two countries.

ECON 352: Economics of Personal Finance

Credits 3
This course will deal with a number of issues that fall under the rubric of 'Personal Finance'. The topics that will be dealt with include the Monetary Value of Time, Planning and Budgeting, On Spending Decisions, Credit Issues, Investment Vehicles and Practical Ways to Ride Them. The course will deal with the theoretical underpinnings, institutional frameworks, and practical strategies in these areas. At the end of the course it is hoped that students will be well prepared to embark on their own long-term financial plans. This course is for ECON major and minors.

ECON 486: Senior Seminar- Reading and Thesis Preparation

Credits 2
ECON 486 SENIOR SEMINAR / READING AND THESIS PREPARATION(3 credits) The aim of the seminar is to give students a holistic sense of what constitutes research in economics. The seminar will involve reading and digesting a number of important published papers as well as ongoing research work in economics. As part of the course, students will also do preparatory work to write the Senior Capstone Thesis. To be completed in the Fall semester of the Senior year.

ECON 488: Senior Capstone Thesis

Credits 2
Students demonstrate their ability to research a topic based on their preparatory work in ECON 486. Thesis paper and public presentation required at the end of the semester. To be completed in the Spring semester of the Senior year.