- ECON 157 Principles of Microeconomics
Microeconomics centers on alternative ways in which individual consumers and firms address scarce resources. This course examines how prices of goods and resources are determined under different market structures and the impact that alternative market structures bear on the welfare opportunities confronting society. This course also introduces students to the logic behind standard microeconomic models and helps students develop a critical assessment of these models’ premises and basic conclusions. Finally, the course explores the premises and logic behind comparative advantage international trade. Open to first-year students. No prerequisite. (MOD)
- ECON 230 Economics and the Environment
This course introduces students to conventional and unconventional views behind the interplay between the economizing problem and nature's household. The course explores general and most urgent natural resources and environmental problems facing humanity, including: energy sources, water, agriculture, fisheries, and industrial pollution. The course addresses these environmental problems from the standard economic approach to environmental distress and the more avant-garde ecological economic approach to nature's household. Also listed and described as ES 230. Open to first-year students. Prerequisite: ECON 157
- ECON 259 International Political Economy
This course addresses modern international economic relations by paying close attention to the ideological and philosophical foundations of classical political economy. Students will survey the ideas of Adam Smith, John Stuart Mill, Thomas R. Malthus and David Ricardo through the legacy of Karl Marx on the instability of capitalism. Students will examine the nature of the private and common goods, the role reserved for the Nation state in providing the latter, and the idyllic, yet problematic notion of how the pursuit of self-interest may lead towards satisfactory social outcomes. Also listed and described as INTL 259. Prerequisites: q and Econ 157 or Econ 158. (r, Q, GLO, MOD)
- ECON 265 International Trade
This course introduces you to the microeconomic aspects behind the standard theory of trade, which include trade models and commercial policies, and the macro aspects behind trade, namely: the balance of payments and the foreign exchange market. The course also explores income, price, and policy adjustments to balance of payments crises under fixed and flexible exchange rate regimes. Also, time is spent understanding how major multilateral organizations, such as the International Monetary Fund, the World Bank, and the World Trade Organization, have crafted policies aimed at inducing countries to pursue more unrestrained international trade in goods and financial flows. Prerequisite: ECON 157. (GLO)
- ECON 312 Economics of Development and Globalization
This course addresses economic growth as one key factor contributing to development but also synthesizes leading theories and empirical contributions to development from fields such as economic history, and environmental and ecological economics. Policies that aim toward development goals are also addressed as are the premises and dialogues on the mishaps of free market economics. Prerequisite: ECON 259, ECON 265, or ECON 266. (GLO, MOD)
- ECON 386 Managerial Economics
The objective of this course is twofold: First, to familiarize you with the basic and intermediate techniques that are used in the neoclassical economic approach to the study of human behavior. Second, to introduce you to various analytical problems that should help you make more informed decisions beyond college. Topics covered in this course include the theory of consumer behavior, decisions under risk and uncertainty, theories of the firm and the structure of markets, and an introduction to general equilibrium theory. This course also examines the major limitations and criticisms to some of the standard theories, particularly, rational choice and general equilibrium analysis. Prerequisite: ECON 157 and ECON 211.
- ECON 480 Senior Thesis
This course will help you develop an extensive research project that focuses on a particular research question or problem in economics. Limited to senior economics majors. Prerequisites: ECON 211; either ECON 321 or ECON 386; elective courses considered by the senior thesis faculty advisor and faculty readers as appropriate to the thesis topic.