Undergraduate Economics Course Descriptions

EC 101 Introduction to Economics [3] An introduction to the study of economics and its applications to issues such as budget deficit, tax policy, inflation, unemployment, and international trade. The course will also apply economics to issues such as health care, poverty and crime. The course may not be taken for credit by Barney students, A&S economics majors, and political economy majors. (Fa/Sp)

EC 110 Principles of Macroeconomics [3] This course introduces students to macroeconomic theory relating to the collective economic roles of consumers, businesses, and governments. Topics include: national income accounting, unemployment, inflation, the business cycle, fiscal and monetary policy, banking, economic growth, and international trade. (Fa/Sp/Su)

EC 211 Principles of Microeconomics [3] This is an introductory course in microeconomic theory. Students will learn basic principles of economic decision making from the perspective of the individual, firm, and industry. Particular attention is given to the market system and how prices and profits coordinate the actions of economic decision makers. Topics include: demand and supply, consumer behavior, costs and production, market structure, market failure, regulation, poverty, and income distribution. (Fa/Sp/Su)

EC 215/WSH 215 Women in the Economy [3] A survey course covering the economic factors that play a significant role in the economic life of women. Topics reviewed will include the economics of households, marriage, and families, changes in labor force participation, causes and consequences of gender differences in occupations and earnings, government policies that have an impact on the economic well-being of women, and an international comparison of the economic conditions of women.

EC 290 Special Topics of Economics [3] Study of selected topics in economics designed specifically for non business majors. Not available for credit for Barney School students.

EC 311 Intermediate Macroeconomic Analysis [3] This course is designed to provide students with the economic and analytical tools to better understand the domestic and global economic environments, macroeconomic problems, such as inflation and unemployment, and the alternative policy proposals suggested for solving these problems. Emphasis will be placed on business cycle behavior, stabilization policies, economic growth and international macroeconomic linkages. Prerequisites: EC110, 211.

EC 312 Managerial Economics [3] This course integrates the traditional coverage of microeconomic theory with modern developments in the theory of economic organizations and managerial decision making. Introducing the concepts of transaction costs, this course examines efficiency and coordination with firms, and provides tools for effectively analyzing a wide variety of business situations. Topics include the neoclassical theory of the firm, the organization of the firm, centralized decision making, market failure and externalities, economics of information, and game theory. Prerequisites: EC 110, 211. (Fa/Sp)

EC 316 The Economics of Public Policy [3] This course applies basic economic theories for analysis of some current socio economic issues for public policy decision making. Selected policy areas may include analyzing international macroeconomic and microeconomic data obtained through the Internet or other sources; inflation and unemployment; economic growth; urban decay; poverty, discrimination, health care, retirement policies, tariffs and international trade policy; pollution, government regulations, income distribution, and other contemporary issues. Students are expected to work in teams to develop alternative solutions to problems discussed. Prerequisites: EC110, 211 or permission of instructor.

EC 324 Economics of Money, Banking and Financial Markets [3] This course stresses the economic way of thinking by developing a unifying analytical framework for the study of money, banking, and financial markets. This framework uses a few basic economic principles to analyze the structure of financial markets, the foreign exchange market, bank management, and the role of money in the economy. International applications are integrated throughout the course. Topics such as international banking, conduct of monetary policy in other countries and the growing integration of financial markets among others will be covered. Prerequisites: EC 110, 211

EC 330 History of Economic Thought [3] This course examines the development of economic theories from pre classical to contemporary economics. Emphasis is placed on contributions of individual writers and schools of economic thought. Prerequisites: EC 110, 211 or permission of instructor.

EC 344/HIS 320 Advent of Industrialization in the Western World [3] The processes of industrialization and economic growth; the first industrialization in England; the subsequent spread of industrialization in the Western world; the social, political, and intellectual concomitants of industrialization.

EC 346/HIS 272 Industrialization in Asia [3] An examination of the responses of non-Western societies to contact with Western technological superiority since the Mejii Era in Japan and their varied experiences with the imperatives of "induced" industrialization, as distinguished from the earlier Western pattern of "spontaneous" industrialization. Prerequisite: Permission of instructor.

EC 354 Economic Growth and Development [3] Analysis of the fundamental, social, political, and economic factors that influence economic development. Emphasis on factors that condition growth in underdeveloped countries and on problems of maintaining growth rates in advanced economies. Prerequisites: EC 110, 211

EC 450 International Economics [3] A survey of the salient features of the present international economy and a foundation in the theory of international trade and finance. Topics include classical and modern trade theories, regional economic integration, commercial policy and current issues of the global economy. Prerequisites: EC 110, 211.

EC 470 Industrial Organization and Antitrust Policy [3] A discussion and appraisal of specific governmental regulatory policies toward business. Topic areas include historical origins of regulatory policies; competition and monopoly theory; industrial organization theory, business concentration, predatory pricing theory and practice, barriers to entry; selected antitrust cases dealing with monopoly, price fixing, price discrimination, tying agreements and mergers. In addition, the political and social ramifications of regulatory policy will be examined. Prerequisites: EC 211

EC 480 Internship in Economics [3] This course fulfills the required internship for students majoring in Economics/Finance. Under the supervision of a faculty advisor, students will gain field experience with a for-profit or not-for-profit organization. Prerequisites: BAR 210, EC 311 or 312, junior status, departmental approval, and cumulative GPA of 2.0.

EC 481 Independent Study in Economics [3] Supervised individual study, under the direction of a faculty advisor, leading to a written report of professional quality. Prerequisite: Junior or senior standing.

EC 491 Special Topics in Economics [3] This course will provide a vehicle for offering new or experimental courses to economics and finance majors. Prerequisite: Junior or senior standing.

QNT 130 Introduction to Quantitative Methods for Business [3] This course will equip students with the necessary tools in quantitative methods and their business applications. Topics include applications of marginal analysis, data analysis, probability, univariate and bivariate random variables, applications of expected values, covariance and correlation, and linear models with business applications and decision making. Discussions of case studies and problem solving using Excel and other computer software will be included. Prerequisite: M110. Laboratory fee. (Fa/Sp)

QNT 230 Business Statistics [3] Encompasses the basic statistical techniques used in business, government, and research. Topics include probability distributions, sampling, statistical inference, quality control, Chi-square tests, simple and multiple regression with applications in business. Prerequisite: QNT 130 or equivalent. Laboratory fee. (Fa/Sp)