|
16390 |
ECON 100 A Principles of Economics |
Pavlina Tcherneva |
T Th 10:10 am-11:30 am |
ALBEE 106 |
SSCI |
Cross-listed: Economics & Finance; Environmental & Urban Studies ; Global
& Int’l Studies This course is
a one-semester introduction to the essential ideas of economic analysis. The
microeconomics component of the course develops the basic model of consumer and
firm behavior, including demand and supply, in the context of an idealized
competitive market and examines several ways in which the real world deviates
from this model—including monopoly and other forms of imperfect competition;
information problems; minimum wages and other price controls; taxes; and
government regulation. The macroeconomics component studies the aggregate
behavior of modern economies - the factors leading to economic growth,
explanations of booms and recessions, unemployment, interest rates, inflation,
and budget deficits or surpluses – and the government’s ability (or inability)
to use monetary and fiscal policies to achieve economic goals such as full
employment and price stability. This course replaces the two-semester
introductory microeconomics and macroeconomics sequence and is the foundational
course in the economics curriculum. Prerequisite: passing score on Part I of
the Mathematics Diagnostic. Class size: 22
|
16391 |
ECON 100 B Principles of Economics |
Pavlina Tcherneva |
T Th 11:50 am-1:10 pm |
ALBEE 106 |
SSCI |
See above. Class
size: 22
|
16386 |
ECON 100 C Principles of Economics |
James Green-Armytage |
T Th 4:40 pm-6:00 pm |
OLIN 202 |
SSCI |
See above. Class
size: 22
|
16385 |
ECON 202 Intermediate Macroeconomics |
James Felkerson |
M
W 8:30 am-9:50 am |
OLIN 202 |
SSCI |
Cross-listed: Environmental & Urban Studies, Global
& Int’l Studies This course is the continuation of the introductory
macroeconomics course. In it, students will get acquainted with main models
that macroeconomists use to analyze the way economies behave. The course starts
by looking at the models that explain long run economic growth. We then focus
our attention on investigating economic theories that explain short run
business cycles, the periods of recessions and booms that occur on a regular
basis. An important part of the course is to investigate the role of
governments in affecting the long run and short run economic prospects of their
countries. We apply the acquired theoretical knowledge to a range of current
economic issues, including budget deficits and national debt, international
trade, and the role of institutions.
Prerequisite: either ECON 100, or the combination ECON 101 /
ECON 102, MATH 110. Class size: 22
|
16387 |
ECON 203 Game Theory |
Aniruddha Mitra |
T Th 10:10 am-11:30 am |
HEG 204 |
SSCI |
Cross-listed: Environmental & Urban Studies; Global &
International Studies; Political Studies Game Theory is the study of how rational actors behave when they know that
their actions hold consequences not just for themselves but for others as well and
they are, in turn, affected by the actions taken by others. While the
discipline has come to be regarded as a core area of economics, its
applicability extends far beyond the analysis of economic behavior. The object
of this course is to introduce you to the basics of game theory, emphasizing
its generality as an analytical paradigm for social science. We shall,
therefore, focus on a wide variety of applications taken from economics,
political science, and the study of the environment. Prerequisite: Econ 100 or Econ 101. Class
size: 22
|
16529 |
ECON 221 ECONOMIC DEVELOPMENT |
Sanjaya DeSilva |
T Th 1:30 pm-2:50 pm |
ALBEE 106 |
SSCI |
Cross-listed:
Africana Studies; Asian Studies; Environmental and Urban Studies; Global
and International Studies; Human Rights; LAIS; Science, Technology, and Society
This course explores the economic conditions and problems
faced by the majority of the world’s population that live in the developing countries
of Asia, Africa, Latin America and the Caribbean. The concept of economic
development is defined and related to ideas such as economic growth,
sustainable development and human development. Economic theories of development
are introduced, and policies designed to promote development at the local,
national and international levels are evaluated. Considerable attention is paid
to understanding how household decisions in rural agricultural societies are
shaped by the institutional and policy environments. Topics include the
economic consequences of colonialism and economic dependence; poverty and
income distribution; investments in physical and human capital; economic
aspects of household choices such as schooling, and fertility; rural-urban
transformation; the effects of trade, industrial and agricultural policies; the
role of foreign capital flows; political economy aspects of development policy;
population growth and the environment; gender and development. Students will be
expected to carry out a case study of the development experiences of a country
of their choice. Prerequisites: ECON 100
or 102. Class size: 22
|
16341 |
ECON 233 Controversies in
Monetary Economics |
L.
Randall Wray |
W F 10:10 am-11:30 am |
ALBEE 106 |
SSCI |
An investigation of current
controversies in monetary and theory and policy. We will examine both the
mainstream and heterodox approaches to each. Mainstream approaches include
Monetarism, New Classical, New Keynesian, and the New Monetary Consensus. Heterodox
approaches include Post Keynesian (endogenous money and circuit approaches),
Marxist, and Institutionalist. We will conclude with a detailed examination of
Modern Money Theory, which combines various strands of heterodoxy while also
including contributions from historical, legal, and anthropological research.
Class size: 22
|
16512 |
ECON 225 economic perspectives |
Pavlina Tcherneva |
T Th 3:10 pm-4:30 pm |
ALBEE 106 |
SSCI |
Why do economists disagree? As economic systems evolve, so have the theories
used to explain them. Since Adam Smith, economists have used different
assumptions, models and methodologies to study the role of markets, states, and
institutions in the process of social provisioning. This course will survey the
diverse traditions in economics and introduce students to competing paradigms.
It covers several distinct approaches including Classical Political Economy,
Neoclassical, Institutionalist, Post Keynesian, Marxist, Feminist, Development
and Green Economics. The objective is to gain a broad appreciation of the
specific problems that each of these traditions emphasizes and the
contributions to theory and policy each has made. Students will examine not
only the evolution of ideas and theories, but also their practical application
today. Some of the specific issues that the course will consider include the
causes and cures for unemployment, the evolution and interaction of culture,
technology and the environment, and the role and nature of money in shaping the
modern world. As we contemplate modern economic problems, sometimes the good
old ideas produce the best new ideas. Prerequisite: Econ 100. Class
size: 22
|
16388 |
ECON 237 Economics of the Public
Sector |
James Green-Armytage |
M
W 3:10 pm – 4:30 pm |
HEG 102 |
SSCI |
Cross-listed:
Environmental & Urban Studies The public sector is a large component of
every national economy, even of “market” economies such as that of the
|
16384 |
ECON 329 Advanced Econometrics |
Sanjaya DeSilva |
T Th 4:40 pm-6:00 pm |
ALBEE 106 |
SSCI |
Cross-listed: Economics
& Finance
Econometrics is the artful blending of economic theory with statistics.
Economic theory helps us to develop behavioral hypotheses, while statistics
help us to test these hypotheses. For example, consumer theory tells us that
there is an inverse relationship between price and quantity demanded; we use
econometrics to see if consumers actually behave in this way. Designed as an
advanced continuation of Econ 229 (Introduction to Econometrics), this course
provides a rigorous treatment of regression analysis. Topics include models and
tests that deal with violations of classical assumptions, time series, panel
data, structural models and limited dependent variables. In several research
projects and assignments, students will use the econometric software STATA to
analyze real world data. Prerequisite:
Calculus I and Economics 229 or permission of instructor. A prior background in
economics and statistics is assumed. Class size: 15
|
16389 |
ECON 331 International Migration |
Aniruddha Mitra |
T Th 11:50 am-1:10 pm |
HEG 106 |
SSCI |
Cross-listed: Environmental
& Urban Studies; Global & Int’l Studies; Human Rights The object of this course is to look at
transglobal migration as an economic phenomenon, focusing primarily on human
movements in the era of globalization. The questions we take up are the
following: Who migrates? Why do they migrate? What are the consequences for the
societies they leave behind? What are the consequences for the societies they
go to? In particular, does immigration reduce wages for native workers? To what
extent does the actual economic impact of immigration determine native
perception of immigrants? What role do these perceptions play in the framing of
immigration policy? Is there a case for immigration policy reform, both
generally and with respect to illegal migration? Prerequisite: Econ 100 and
Statistics (Econ 229 or equivalent). Class size: 15
|
16394 |
ECON 391 Corporate Finance |
James Felkerson |
M
1:30 pm-3:50 pm |
ALBEE 106 |
SSCI |
Cross-listed: Economics and Finance Capital is a scarce resource. Access to
capital and its efficient use are critical to business success. This course
discusses how capital can be raised and allocated within corporations to the
advantage of corporate shareholders. Topics include: allocation of capital for
investments, measurement of the opportunity cost of capital, capital structure,
cash-distribution policy, corporate restructuring, and long-term financing. At
the end of course, you will know how to value a company. On the way the topics
we shall cover those that are important to all managers whether or not they
specialize in finance: (1) procedures for analyzing companies’ financial data
to determine how efficiently they have been run; (2) methods for projecting
funding needs based on principles of good working capital management; (3) rules
for choosing the maximal safe, or optimal, level of debt in the structure of
capital used for funding company operations; (4) figuring the costs of the
various types of funds that a company uses and its weighted average cost of
capital; and (5) combining all the foregoing into a methodology, to wit,
discounting free cash flows and adding salvage value, for establishing a
company’s value or price. Class size: 15