Economics
Course Descriptions
Fall 2002

ECON 190 - Principles of Economics (4 semester hrs.) J. Ankrom/F. Tiffany, M. Frost, J. Goulet, D. Wishart
An introduction to basic principles of economics. Topics covered include supply and demand, marginal analysis, perfect competition, profit maximization, aggregate demand and supply, the level of employment, inflation, fiscal policy, monetary policy, and international trade. Students must have attained the math placement level 22 to enroll. Lecture/discussion format.

ECON 210 - Economics of Labor (4 semester hrs) J. Goulet
This course studies labor markets and wage determination. We will look at labor market imperfections such as labor unions and their resulting institutions. Population subgroups of the labor force and their characteristics will be analyzed as well as the topics of discrimination and occupational segregation. The class will require a paper, oral presentations and two exams.
Writing Intensive.
Prerequisite: ECON 190

ECON 240 - American Economic History (4 semester hrs.) M. Frost
American Economic History will acquaint students with several important areas of recent research in the new economic history. Readings and lecture/discussion sessions will enable students to explain colonial trade with European powers, the cost of British mercantilist policy to the American colonists, the transportation revolution of the early 19th century, mechanization of agriculture, the origins of slavery and its implications for American economic growth, the costs of the Civil War, the rise of big business, labor unions, and a regulatory governmental bureaucracy, the creation of modern monetary institutions in the United States, the economic consequences of World War I, the causes of the Great Depression, and economic mobilization during World War II. Students will be required to take midterm and final exams, and submit a number of writing assignments, including response journals, a journal article review and a group research project.
Writing Intensive.
Prerequisites: ECON 190

ECON 250 - Urban and Regional Economics (4 semester hrs.) J. Ankrom
The course seeks to explain the emergence of cities and metropolitan areas and their functioning as economic units within an economy. Emphasis is given to the discussions of major urban problems including transportation, housing, poverty, and financial and environmental concerns. A detailed examination of the policies attempting to resolve these problems is undertaken.

ECON 290 - Topics: Economics of Sports (4 semester hrs.) J. Ankrom
Why do professional athletes make so much money? Why do cities use tax incentives to attract teams to their markets? Is the NCAA a cartel, and does it have the interests of student athletes in mind? How does money affect the competitive balance of sports leagues? Is amateurism possible today? These are some of the questions that will be addressed in this course. Sports are a huge business in the U.S. and ECON 290 examines the forces that have changed sports in recent decades. Grade is determined by a paper, the quality of classroom participation and two exams. Lecture/discussion format.
Prerequisite: ECON 190

ECON 310 - Intermediate Microeconomic Theory (4 semester hrs.) F. Tiffany
Economics 310 is a rigorous examination and extension of the microeconomic principles learned in ECON 190. Formal models of consumer and producer behavior are presented, along with theories of market behavior under assumptions of both perfect and imperfect competition. It is essential that students taking this course have a thorough understanding of ECON 190 and MATH 120. Lecture/discussion format. Grade is based on two midterm exams and a comprehensive final exam.
Prerequisites: ECON 190 and MATH 120

ECON 390 - Topics: Law and Economics (4 semester hrs.) D. Wishart
In the past, the connection between the fields of economics and law has been limited to a few areas including regulation of monopolies, taxation, and the calculation of damages. However, in the past 25 years, a new field has emerged that closely connects economics analysis and legal analysis in some core areas of both the private law (property, contracts, and torts) and the public law (civil procedure and criminal law procedure, constitutional law, bankruptcy, securities regulation, and more. This course is an introduction to the scholarship associated with an economic analysis of the law. The course will be lecture/discussion in format. Grades will be based on two midterm exams, a final exam, and problem sets.
Prerequisite: ECON 310, Intermediate Microeconomic Theory

ECON 391 - Advanced Economic Theory (4 semester hrs.) J. Ankrom/F. Tiffany
This course broadens and deepens understanding of intermediate economic theory through the coverage of a series of advanced topics in both microeconomic and macroeconomic theory. The microeconomic portion of the course focuses on game theory and its use in economics while the macroeconomic portion is devoted to developing a market-clearing macroeconomic model and contrasting it with traditional Keynesian models. The course assumes basic knowledge of both calculus and probability. Lecture/discussion format.
Prerequisites: ECON 310 and 311, MGT 210, MATH 131 or 201


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