Courses

Fall 2005 Courses

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101. Principles of Microeconomics
Deborah DeGraff M 8:00 - 9:25, W 8:00 - 9:25 Searles-223
An introduction to economic analysis and institutions, with special emphasis on the allocation of resources through markets. The theory of demand, supply, cost, and market structure is developed and then applied to problems in antitrust policy, environmental quality, energy, education, health, the role of the corporation in society, income distribution, and poverty. Students desiring a comprehensive introduction to economic reasoning should take both Economics 101 and 102.
101. Principles of Microeconomics
Bibi Khan T 2:30 - 3:55, TH 2:30 - 3:55 Druckenmiller-020
An introduction to economic analysis and institutions, with special emphasis on the allocation of resources through markets. The theory of demand, supply, cost, and market structure is developed and then applied to problems in antitrust policy, environmental quality, energy, education, health, the role of the corporation in society, income distribution, and poverty. Students desiring a comprehensive introduction to economic reasoning should take both Economics 101 and 102.
101. Principles of Microeconomics
Joon-Suk Lee M 2:30 - 3:55, W 2:30 - 3:55 Hubbard-Conference Room West
An introduction to economic analysis and institutions, with special emphasis on the allocation of resources through markets. The theory of demand, supply, cost, and market structure is developed and then applied to problems in antitrust policy, environmental quality, energy, education, health, the role of the corporation in society, income distribution, and poverty. Students desiring a comprehensive introduction to economic reasoning should take both Economics 101 and 102.
101. Principles of Microeconomics
David Vail M 11:30 - 12:25, W 11:30 - 12:25, F 11:30 - 12:25 Hubbard-Conference Room West
An introduction to economic analysis and institutions, with special emphasis on the allocation of resources through markets. The theory of demand, supply, cost, and market structure is developed and then applied to problems in antitrust policy, environmental quality, energy, education, health, the role of the corporation in society, income distribution, and poverty. Students desiring a comprehensive introduction to economic reasoning should take both Economics 101 and 102.
102. Principles of Macroeconomics
John Fitzgerald T 2:30 - 3:55, TH 2:30 - 3:55 Searles-223
An introduction to economic analysis and institutions, with special emphasis on determinants of the level of national income, prices, and employment. Current problems of inflation and unemployment are explored with the aid of such analysis, and alternative views of the effectiveness of fiscal, monetary, and other governmental policies are analyzed. Attention is given to the sources and consequences of economic growth and to the nature and significance of international linkages through goods and capital markets.
102. Principles of Macroeconomics
Jonathan Goldstein T 1:00 - 2:25, TH 1:00 - 2:25 Searles-115
An introduction to economic analysis and institutions, with special emphasis on determinants of the level of national income, prices, and employment. Current problems of inflation and unemployment are explored with the aid of such analysis, and alternative views of the effectiveness of fiscal, monetary, and other governmental policies are analyzed. Attention is given to the sources and consequences of economic growth and to the nature and significance of international linkages through goods and capital markets.
216. Industrial Organization
Joon-Suk Lee M 11:30 - 12:25, W 11:30 - 12:25, F 11:30 - 12:25 Hubbard-22
A study of the organization of firms, their strategic interaction and the role of information in competitive markets, and related policy issues such as antitrust. Introduces basic game-theoretic tools commonly used in models of industrial organization. Features industry sector analyses and classroom applications.
219. Underdevelopment and Strategies for Sustainable Development in Poor Countries
David Vail W 9:30 - 10:55, F 9:30 - 10:55 Hubbard-22
The major economic features of underdevelopment are investigated, with stress on uneven development and the interrelated problems of poverty, population growth, inequality, urban bias, and environmental degradation. The assessment of development strategies emphasizes key policy choices, such as export promotion versus import substitution, agriculture versus industry, plan versus market, and capital versus labor-intensive technologies. Topics include global economic integration and environmental sustainability.
255. Microeconomics
Guillermo Herrera M 11:30 - 12:55, W 11:30 - 12:55 Searles-223
An intermediate-level study of contemporary microeconomic theory. Analysis of the theory of resource allocation and distribution, with major emphasis on systems of markets and prices as a social mechanism for making resource allocation decisions. Topics include the theory of individual choice and demand, the theory of the firm, market equilibrium under competition and monopoly, general equilibrium theory, and welfare economics.
LAB
Guillermo Herrera T 1:00 - 1:55 Kanbar Hall - 101 (computer lab)
An intermediate-level study of contemporary microeconomic theory. Analysis of the theory of resource allocation and distribution, with major emphasis on systems of markets and prices as a social mechanism for making resource allocation decisions. Topics include the theory of individual choice and demand, the theory of the firm, market equilibrium under competition and monopoly, general equilibrium theory, and welfare economics.
256. Macroeconomics
Paola Boel M 1:00 - 2:25, W 1:00 - 2:25 Searles-223
An intermediate-level study of contemporary national income, employment, and inflation theory. Consumption, investment, government receipts, government expenditures, money, and interest rates are examined for their determinants, interrelationships, and role in determining the level of aggregate economic activity. Policy implications are drawn from the analysis.
257. Economic Statistics
Jonathan Goldstein T 10:00 - 11:25, TH 10:00 - 11:25 Adams-208
An introduction to the data and statistical methods used in economics. A review of the systems that generate economic data and the accuracy of such data is followed by an examination of the statistical methods used in testing the hypotheses of economic theory, both micro- and macro-. Probability, random variables and their distributions, methods of estimating parameters, hypothesis testing, regression, and correlation are covered. The application of multiple regression to economic problems is stressed.
260. Finance I
Gregory DeCoster T 2:30 - 3:55, TH 2:30 - 3:55 Searles-215
Finance I & II (260 & 360) is a two-course sequence providing a thorough exposure to the fundamental concepts involved in corporate financial decision-making, investment analysis, and portfolio management. In addition, the course presents the financial accounting principles and practices necessary to understand and utilize corporate financial statements as inputs to decision-making and valuation exercises. Topics to be covered in 260 include: Functions and structure of the financial system; Overview of valuation: measures of return and risk, discounted cash-flow analysis; Sources of financial information: basic accounting concepts, balance sheet, income statement, statement of cash-flows, and financial ratios; Portfolio theory, the capital asset pricing model, and efficient markets theory; Corporate decision-making: the cost of capital, capital budgeting, capital structure, and corporate governance. Prerequisites: Economics 101, 102, 255 (or concurrent enrollment in 255); Mathematic 161 and 171 is recommended.(Students who have previously completed economics 209 or 309 require consent of instructor to enroll in 260 and/or 360.)
LAB
Gregory DeCoster W 2:30 - 3:55 Searles-215
Finance I & II (260 & 360) is a two-course sequence providing a thorough exposure to the fundamental concepts involved in corporate financial decision-making, investment analysis, and portfolio management. In addition, the course presents the financial accounting principles and practices necessary to understand and utilize corporate financial statements as inputs to decision-making and valuation exercises. Topics to be covered in 260 include: Functions and structure of the financial system; Overview of valuation: measures of return and risk, discounted cash-flow analysis; Sources of financial information: basic accounting concepts, balance sheet, income statement, statement of cash-flows, and financial ratios; Portfolio theory, the capital asset pricing model, and efficient markets theory; Corporate decision-making: the cost of capital, capital budgeting, capital structure, and corporate governance. Prerequisites: Economics 101, 102, 255 (or concurrent enrollment in 255); Mathematic 161 and 171 is recommended.(Students who have previously completed economics 209 or 309 require consent of instructor to enroll in 260 and/or 360.)
LAB
Gregory DeCoster W 6:30 - 7:55 Searles-215
Finance I & II (260 & 360) is a two-course sequence providing a thorough exposure to the fundamental concepts involved in corporate financial decision-making, investment analysis, and portfolio management. In addition, the course presents the financial accounting principles and practices necessary to understand and utilize corporate financial statements as inputs to decision-making and valuation exercises. Topics to be covered in 260 include: Functions and structure of the financial system; Overview of valuation: measures of return and risk, discounted cash-flow analysis; Sources of financial information: basic accounting concepts, balance sheet, income statement, statement of cash-flows, and financial ratios; Portfolio theory, the capital asset pricing model, and efficient markets theory; Corporate decision-making: the cost of capital, capital budgeting, capital structure, and corporate governance. Prerequisites: Economics 101, 102, 255 (or concurrent enrollment in 255); Mathematic 161 and 171 is recommended.(Students who have previously completed economics 209 or 309 require consent of instructor to enroll in 260 and/or 360.)
316. Econometrics
John Fitzgerald T 10:00 - 11:25, TH 10:00 - 11:25 Searles-115
Seminar. A study of the mathematical formulation of economic models and the statistical methods of testing them. A detailed examination of the general linear regression model, its assumptions, and its extensions. Applications to both micro- and macroeconomics are considered. Though most of the course deals with single-equation models, an introduction to the estimation of systems of equations is included. An empirical research paper is required.
318. Environmental and Resource Economics
Guillermo Herrera M 2:30 - 3:55, W 2:30 - 3:55 Searles-314
Seminar. Analysis of externalities and market failure; models of optimum control of pollution and efficient management of renewable and nonrenewable natural resources such as fisheries, forests, and minerals; benefit-cost analysis, risk-benefit assessment, and the techniques for measuring benefits and costs of policies. Not open to students who have taken Economics 218 or 228 except by permission of the instructor.
340. Law and Economics
Bibi Khan T 11:30 - 12:55, TH 11:30 - 12:55 Kanbar Hall - 109
Seminar. Law and economics is one of the most rapidly growing areas in the social sciences. The field applies the concepts and empirical methods of economics to further our understanding of the legal system. This course explores the economic analysis of law and legal institutions, including the economics of torts, contracts, property, crime, courts, and dispute resolution. Also focuses on topics in law and economics such as antitrust and regulation, corporations, the family, labor markets, product liability, and intellectual property. Students are introduced to on-line sources of information in law, and are required to apply economic reasoning to analyze landmark lawsuits in each of these areas. Not open to students who have taken Economics 341.

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