This course is an introduction to economic analysis: efficiency and equity; production and exchange; costs, supply, and demand; markets, organizations, and government; competition, cooperation, and coercion; and international trade.
Co- / prerequisite: College math (proficiency level), or 690 SAT Math, or 29 ACT Math
This course is an introduction to various theories of inflation and unemployment; economic growth; money, banking, and financial intermediation; interest rates; business cycles; exchange rates, trade balances, and the balance of payments; deficits and the national debt; monetary, fiscal, exchange rate, income, and regulatory policies; and national income, product, and international payments accounting.
Prerequisites: ECON B100
Economics majors and minors must earn a grade of C or above in the relevant prerequisite courses to fulfill the prerequisite requirements marked * below.
This course is an analysis of market and firm coordination; the theory of consumer behavior and demand; the theory of supply; competition; the pricing of goods and resources; and government policies.
This course considers various theories concerning the functioning of the macroeconomy: Classical and PreKeynesian, Keynesian and the Neoclassical Synthesis, Monetarism, Supply-Side, Fisher's Debt-Deflation Theory, Post Keynesian including Minsky's Financial Instability Hypothesis, and Austrian. Also covered briefly are Rational Expectations, Real Business Cycles, New Keynesianism, and Dynamic Stochastic General Equilibrium theories.
This course considers exchange rate systems; international monetary arrangements; adjustments in international disequilibrium situations; relationships among rates of exchange, inflation, interest, and unemployment; and domestic and international economic policies. It also considers various theories of competitive advantage in international trade, the nature and effects of commercial policies, and international economic integration.
Cross-listing: INTB B305
This course serves as an introduction to subjectivist economics. Primary emphasis is on the Austrian School. Topics covered include history and methodology; the market process and intervention; capital and interest; money, credit, and the financial system; and business cycles.
This course is an economic analysis used to consider the effects of legal rules upon people’s actions. Alternative rules are considered, with particular attention paid to the differing effects each is likely to have on the structure of incentives, and thus on human actions.
This course considers the disparity of material well-being among the masses of people in different countries. Topics include causes of poverty and wealth; nature of economic growth; the roles of the state, markets, and social and cultural institutions in economic development.
Cross-listing: INTB B335
This course discusses the origins and evolution of the history of economic ideas and theories. Topics may include ancient and medieval thought, Roman and early Christian thought, the mercantilists, the physiocrats, Adam Smith and the Classical economists, Karl Marx, the marginal revolution, the Keynesian revolution, and contemporary economics.
This course is an overview of diverse topics in economics which deal specifically with labor market issues. Topics include the supply and demand of labor; human capital theory; migration and mobility; the job search process; employment and unemployment; unions; compensation issues; discrimination; and earnings and income distribution.
This class investigates the nature of firms and industries: why firms exist and why firms have diverse organizational structures; why industry structures differ; competition and monopoly; firm behavior; transaction cost theory; and the effects of antitrust policy.
This is an intermediate level statistics course. After a brief overview of statistics, the course covers least squares estimation, inference, diagnostic methods, forecasting and forecast evaluation, and simultaneous equations estimation. The course focuses more on applied work than on its theoretical underpinnings. Students are actively involved with computer exercises in this course, using the STATA software program.
See description in College of Business overview