Location: Bowdoin / Economics / Courses / Fall 2006

Economics

Courses

Fall 2006 Courses

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101. Principles of Microeconomics: Rachel Connelly T 10:00 - 11:25, TH 10:00 - 11:25; 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: Deborah DeGraff M 8:00 - 9:25, W 8:00 - 9:25; 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 M 1:00 - 2:25, W 1:00 - 2:25; 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; 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; 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: Paola Boel T 1:00 - 2:25, TH 1:00 - 2:25; 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: Julian Diaz T 11:30 - 12:55, TH 11:30 - 12:55; 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.
227. Human Resources and Economic Development: Deborah DeGraff M 11:30 - 12:55, W 11:30 - 12:55; An analysis of human resource issues in the context of developing countries. Topics include the composition of the labor force by age and gender, productivity of the labor force, unemployment and informal sector employment, child labor and the health and schooling of children, and the effects of structural adjustment policies and other policy interventions on the development and utilization of human resources. Examples from selected African, Asian, and Latin American countries are integrated throughout the course. Not open to students who have completed Economics 319.
228. Natural Resource Economics and Policy: Guillermo Herrera M 2:30 - 3:55, W 2:30 - 3:55; A study of the economic issues surrounding the existence and use of renewable natural resources (e.g., forestry/land use, fisheries, water, ecosystems, and the effectiveness of antibiotics) and exhaustible resources (such as minerals, fossil fuels, and old growth forest). A basic framework is first developed for determining economically efficient use of resources over time, then extended to consider objectives other than efficiency, as well as the distinguishing biological, ecological, physical, political, and social attributes of each resource. Uncertainty, common property, and various regulatory instruments are discussed, as well as alternatives to government intervention and/or privatization.
255. Microeconomics: Guillermo Herrera M 11:30 - 12:55, W 11:30 - 12:55; 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 F 1:30 - 2:55; 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 T 10:00 - 11:25, TH 10:00 - 11:25; 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 1:00 - 2:25, TH 1:00 - 2:25; 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; 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.
LAB: Gregory DeCoster W 2:30 - 3:55; 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.
LAB: Gregory DeCoster W 6:30 - 7:55; 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.
301. The Economics of the Family: Rachel Connelly T 1:00 - 2:25, TH 1:00 - 2:25; Seminar. Microeconomic analysis of the family, its roles, and its related institutions. Topics include marriage, fertility, labor supply, divorce, and the family as an economic organization.
316. Econometrics: Jonathan Goldstein T 10:00 - 11:25, TH 10:00 - 11:25; 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.
340. Law and Economics: Bibi Khan M 10:00 - 11:25, W 10:00 - 11:25; 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.
355. Game Theory and Strategic Behavior: Joon-Suk Lee M 11:30 - 12:55, W 11:30 - 12:55; An introduction to game theory, a theory analyzing and characterizing optimal strategic behavior. Strategic behavior takes into account other individuals’ options and decisions. Such behavior is relevant in economics and business, politics, and other areas of the social sciences, where game theory is an important tool. The main game theoretic equilibrium concepts are introduced in class and applied to a variety of economics and business problems. Playing games and analyzing them constitutes a regular feature of the class. Elementary calculus and probability theory are used.