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Past Course Descriptions

Course Listings - Fall 2003

Economics Department
Fall 2003
Course Descriptions

ECON 190: Principles of Economics
(4 sem. hrs.)
J. Ankrom, M. Frost, L. Gwinn, F. Tiffany, D. Wishart

Prerequisites: Minimum Math Placement Level 22

An introduction to basic principles of economics. Topics covered include supply and demand, marginal analysis, competition, profit maximization, aggregate demand and supply, the level of employment, inflation, fiscal policy, monetary policy, and international trade. Lecture/discussion format.

ECON 210: Economics of Labor
(4 sem. hrs.)
M. Frost

Prerequisites: ECON 190

Labor Economics explores the determinants of the supply of and demand for labor, wages and working conditions, and the productivity of labor. It is concerned with both the microeconomic decision-making of individuals, households and firms, and the macroeconomic outcomes of their decisions. The course will also explore the institutional framework of contemporary labor markets, including discrimination and affirmative action, government regulation, and unions. Lecture/discussion format. Writing Intensive.

ECON 231: European Economic History
(4 sem. hrs.)
D. Wishart

Prerequisites: ECON 190

This course examines the evolution of capitalism in Europe from the 15th century to the present, the impact of European capitalism on economies and societies in the Middle East, Africa, Asia, and the Americas, the rise and demise of centrally planned state socialist economies in Russia and the Eastern European countries, and the prospects for European economic integration. The topics presented in this course will emphasize the use of principles of economics to understand historical change and methods of empirical analysis that are commonly used by economic historians. Grades will be determined by two exams, a final, and a 10-15 page term paper. Lecture/discussion format. Writing Intensive.

ECON 260: East Asian Economies
(4 sem. hrs.)
L. Gwinn

Prerequisites: ECON 190

Study of specific problems and institutions of the East Asian economies. Topics include international trade and development practices as well as fiscal and monetary policies in the region. Writing Intensive.

ECON 301: Money and Banking
(4 sem. hrs.)
J. Ankrom

Prerequisites: ECON 190 and MATH 120

The course is meant to impart a basic understanding of money and financial institutions and their impact on the working of the economy. This will be accomplished by examining the following topics.

1. The role and functions of financial intermediaries.
2. The role of government in financial markets.
3. Central banks, monetary policy and the creation of money.
4. Pricing of financial assets, and risk/return models.
5. Models of interest rate determination and theories of the term structure of interest rates.
6. Mortgage and securitized asset markets.
7. Options and futures markets.

The course will have a lecture/discussion format and will involve regular reading of the Wall Street Journal. Exams, quizzes, and class discussion problems, form the basis for the course grade.

ECON 310: Intermediate Microeconomic Theory
(4 sem. hrs.)
F. Tiffany

Prerequisites: ECON 190 and MATH 120

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.

ECON 330: International Trade and Finance
(4 sem. hrs.)
L. Gwinn

Prerequisites: ECON 190 and MATH 120.

Study of the principles governing the effect of international trade and trade restrictions on national welfare, as well as the effect of exchange rate systems on domestic income and prices. Attention is also given to international economic institutions and their policies.

ECON 391: Advanced Economic Theory
(4 sem. hrs.)
J. Ankrom/ F. Tiffany

Prerequisites: ECON 310, 311, MGT. 210, and MATH 131 or 201.

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.

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