Undergraduate Courses
View Schedule of Classes for Summer 2009, Fall 2009, and Spring 2010.
Professors: R.S. Goldfarb, A.M. Yezer, J.J. Cordes, J. Pelzman, R.P. Trost, B.L. Boulier, H.S. Watson, M.D. Bradley, S.C. Smith, P. Labadie, G.L. Kaminsky, D.O. Parsons, R.F. Phillips (Chair), J. Foster, M. O. Moore, N. Vonortas, F.L. Joutz, S. Joshi, A. S. Malik Associate Professors: S.M. Suranovic, W.P. Mullin, V. Fon, R. M. Samaniego, M. Cipriani Assistant Professors: C. Wei, S. Emran, M.X. Chen, A. Fostel, T. Sinclair, P. Carrillo, S. McCoskey Professorial Lecturers: T. Alafita, D. Bakardzhieva, R.S. Belous, G. Brock, W. Brown, S. Cellini, A. Constant, S. Cortes, D. Fixler, J. Herbert, N. Hicks, J. Kilpatrick, M. Kim, S. Kirby, B. Klein, R. Lamb, C. Loser, L. Michos, F. D. Osinski, N. Pham, L. Reiffel, D. Scissors, B. Simon, H. Stekler, D. Trunkey, J. Weiner Departmental prerequisite: Econ 11–12 are prerequisite to all other courses offered by the Department of Economics. |
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| 11–12 | Principles of Economics (3—3) | Bradley, Goldfarb, Samaniego, Suranovic, Trost, Yezer, McCoskey, I. Foster |
| Major economic principles, institutions, and problems in contemporary life. Econ 11: Microeconomics—supply and demand, the price system and how it works, competitive and monopolistic markets. Econ 12: Macroeconomics—national income concepts, unemployment and inflation, institutions of monetary control. Econ 11 is prerequisite to Econ 12. (Econ 11 or 12—fall and spring) | ||
| 101 | Intermediate Microeconomic Theory (3) | Carrillo, Fon, Goldfarb, Joshi, Malik, Parsons |
| Analysis of household economic behavior, including derivation of demand functions. Analysis of firm behavior, including derivation of supply frameworks. Demand and supply interaction under various market structures and in factor markets. (Fall and spring) | ||
| 102 | Intermediate Macroeconomic Theory (3) | Bradley, Joutz, Labadie, Stekler, Sinclair |
| Investigation of the determinants of national income, inflation, unemployment, and interest rates. Alternative business cycle theories, with emphasis on the role of imperfect information, uncertainty, and expectations. (Fall and spring) | ||
| 105 | Economic Conditions Analysis and Forecasting (3) | Staff |
| Theory and empirical analyses of economic trends and fluctuations; use of economic indicators and simple econometric models. (Fall) | ||
| 121 | Money and Banking (3) | Joutz, Labadie, Samaniego, Wei |
| The role of money, credit, interest rates, foreign exchange rates, and commercial banks and other financial institutions in the U.S. economy. (Fall and spring) | ||
| 122 | Monetary Theory and Policy (3) | Staff |
| Analysis of classic and modern monetary theories and their application to current economic conditions. The links between theory and policy. The altered role of money over time; the new money technology. (Spring) | ||
| 123 | Introduction to Econometrics (3) | Trost, Phillips, Sinclair, Carrillo |
| Joint offering of the Economics and Statistics Departments. Construction and testing of economic models: regression theory, parameter estimation, and statistical techniques applicable to economic models. Prerequisite: Math 31; Stat 112. (Fall and spring) | ||
| 133 | Economies of the Former Soviet Union and Eastern Europe (3) | Staff |
| Analysis of the transition process in the former Soviet Union and Eastern Europe. Topics include economic models of planned economies and comparative analysis of economic development programs of the newly independent states and Eastern Europe. (Fall) | ||
| 136 | Natural Resources and Environmental Economics (3) | Malik |
| Analysis of market mechanisms that allocate energy and natural and environmental resources; investigation of actual and optimal resource allocation across uses and time; review of arguments for public intervention. (Spring) | ||
| 142 | Labor Economics (3) | Parsons |
| Analysis of labor supply and demand; measurement and theory of unemployment; occupational choice; wage differentials; labor market issues and policies. (Fall) | ||
| 148 | Health Economics (3) | Staff |
| Economic analysis of the determinants of demand, supply, output, and distribution in the health care sector, with special emphasis on current policy issues of access, quality, and cost. (Spring) | ||
| 151 | Economic Development (3) | Smith, Emran, J. Foster |
| Theories and empirical studies of the economic problems of developing countries. (Fall and spring) | ||
| 157 | Urban and Regional Economics (3) | Yezer, Carrillo |
| Analysis of the determinants of urban growth and development; firm location; the functioning of urban land and housing markets. | ||
| 158 | Industrial Organization (3) | Mullin |
| Analysis of market structure, conduct, and performance of firms in a market economy, with emphasis on case studies of U.S. industries. (Fall) | ||
| 159 | Government Regulation of the Economy (3) | Mullin |
| Economic analysis of antitrust and regulation in the American economy. Prerequisite: Econ 101 or 158. (Spring) | ||
| 161 | Public Finance: Expenditure Programs (3) | Cordes, Watson |
| Economic analysis of government spending and social regulation programs. Topics include public goods, externalities, income transfer and social insurance programs, and benefit—cost analysis of government programs. (Fall) | ||
| 162 | Public Finance: Taxation (3) | Cordes, Watson |
| Economic analysis of taxes and government deficits. Topics include individual and corporate income taxes, payroll taxes, sales and excise taxes, property and wealth taxes, design of tax systems, and effects of taxation on labor and capital markets. (Spring) | ||
| 165 | Economics of Human Resources (3) | Boulier |
| Economic analysis of education and training, labor market discrimination, marriage and the family, and social security. (Fall) | ||
| 167 | Economics of Crime (3) | Yezer |
| Analysis of crime, both empirical and theoretical, that examines the links between law and economics, the economics of criminal participation, and the economics of law enforcement. (Spring) | ||
| 169 | Introduction to the Economy of China (3) | Staff |
| Background, organization, and operation of the economy. Appraisal of performance and analysis of problems of development. (Fall) | ||
| 170 | Introduction to the Economy of Japan (3) | Staff |
| Analysis of the structure and growth of the Japanese economy. (Spring) | ||
| 180 | Survey of International Economics (3) | Moore, Suranovic, Fostel |
| Basic concepts of international trade and international finance, with emphasis on policy issues. | ||
| 181–82 | International Economics (3—3) | Moore, Suranovic, Pelzman, Chen, Fostel, Cipriani |
| Econ 181: International trade theory and policy. Econ 182: International macroeconomic theory and policy. (Academic year) | ||
| 185 | Economic History and Problems of Latin America (3) | Staff |
| Analysis of present structures and problems of Latin American economies. | ||
| 190 | Law and Economics (3) | Pelzman, Fon |
| An introduction to the economic analysis of legal systems. How laws alter behavior and how laws might be designed to satisfy efficiency and fairness criteria. Prerequisite: Econ 101. | ||
| 191 | Game Theory (3) | Joshi, Fon |
| An introduction to game theory, covering concepts such as Nash equilibrium, evolutionary games, backward induction and subgame perfection, Bayesian—Nash games of imperfect information, adverse selection, and moral hazard. Prerequisites: Econ 101; Math 21, 31, or 52 or equivalent. (Fall and spring) | ||
| 195 | Special Topics (3) | Staff |
| Topics vary, depending on current issues of interest and faculty availability. | ||
| 198 | Proseminar (3) | Boulier, Bradley, Fon, Goldfarb, Joutz, Parsons, Suranovic, Watson, Pelzman, Stekler, Wei, Trost |
| Preparation and presentation of a research paper in any field of economics agreed upon by student and instructor. Review of selected topics in contemporary economics. Open only to economics majors in their senior year. (Fall and Spring) | ||
| 199 | Independent Research (3) | Staff |
| Prerequisite: Completion of 12 hours of 100-level economics courses, including Econ 101 or 102, with a minimum grade-point average of 3.4; and approval of an independent research project by a faculty member of the Economics Department. | ||