Economics Courses Offered at the Rose Hill Campus
Click here to download a copy of the Economic Major's checklist for Rose Hill majors.
Click here to download a copy of the spring 2007 course offerings at the Rose Hill campus.
Courses offered at Lincoln Center and in the School of Liberal Studies may be viewed in the CollegeBulletin.
Courses offered each semester.
ECRU 1100 Basic Macroeconomics
ECRU 1200 Basic Microeconomics
ECRU 2140 Statistics I
ECRU 2142 Statistical Decision Making
ECRU 3100 History of Economic Thought
ECRU 3116 Macroeconomic Analysis
ECRU 3118 Microeconomic Theory
ECRU 3165 Computer Applications in Economics
ECRU 3636 Money and Banking
ECRU 3739 Financial Markets
ECRU 4900 Internship Seminar
Courses normally offered once a year.
ECRU 3125 Managerial Economics[Fall]
ECRU 3154 Mathematics for Economists [Fall]
ECRG 3210 Economics of Emerging Nations [Spring]
ECRG 3235 Economics of Latin America [Fall]
ECRG 3240 World Poverty [Fall]
ECRG 3242 Global Economic Issues [Spring]
ECRU 3244 International Economic Policy [Spring]
ECRU 3346 International Economics [Fall]
ECRU 3347 International Finance [Spring]
ECRU 3453 Law and Economics [Fall]
ECRU 3454 Economics of Corporate Law [Spring]
ECRU 3455 Economics and Regulation
ECRU 3740 Issues in Financial Markets
ECRP 3570 Labor Market and Diversity [fall]
ECRP 3580 Economics of Diversity [Spring]
ECRU 3778 Corporate Finance [Spring]
ECRV 4110 Ethics and Economics [Fall]
Courses offered occasionally.
ECRG 3225 Japan and Asia
ECRU 3250 European Intergration
ECRU 3270 Emerging Financial Markets
ECRU 3435 Industrial Organization
ECRU 3850 Environmental Economics
ECRU 3870 Public Finance
ECRU 3875 Health Sector Economics
Courses from other departments.
HSRU 3904 American Economic History
EC*U 1100-BASIC MACROECONOMICS (3.00 credits)
Investment, GDP, interest rates, the budget deficit, inflation, unemployment, banking, monetary, and fiscal policies and exchange rates appear frequently in the media, but are often little understood. Macroeconomics studies these aggregates and their interconnections and looks as well at the influence of the Federal Reserve and the federal government.
EC*U 1200-BASIC MICROECONOMICS (3.00 credits)
Microeconomics studies the decisions and interaction of consumers and businesses, resulting in an understanding of the process by which prices and quantities are determined in a market setting. Forms of industrial organization such as competition, monopoly, and oligopoly are explored. Also studied are the markets for labor and other factors of production.
EC*F 1200-BASIC MICROECONOMICS (3.00 credits)
Microeconomics studies the decisions and interaction of consumers and businesses, resulting in an understanding of the process by which prices and quantities are determined in a market setting. Forms of industrial organization such as competition, monopoly and oligopoly are explored. Also studied are the markets for labor and other factors of production.
EC*U 2140-STATISTICS I (4.00 credits)
This course introduces students to descriptive statistics, probability theory, discrete and continuous probability distributions, sampling methods, sampling distributions, estimation and hypothesis testing.
EC*U 2142-STATISTICAL DECISION MAKING (4.00 credits)
This computer-assisted course develops the students' ability to collect data, postulate a hypothesis or a model, select the appropriate statistical technique, analyze the data using statistical software, draw correct statistical inferences, and clearly summarize the findings. Specific topics include chi-square tests, analysis of variance, simple and multiple regression and correlation models, times series analysis and quality control. Prerequisite(s): EC 2140
EC*U 3100-HISTORY OF ECONOMIC THOUGHT (4.00 credits)
An examination of the development of economic thought since the age of mercantilism. Economists covered include Adam Smith, Thomas Malthus, David Ricardo, Karl Marx, John Stuart Mill, Alfred Marshall, Thorstein Veblen, John Maynard Keynes and John Kenneth Galbraith. Prerequisite(s): EC 1100 and EC 1200
EC*U 3116-MACROECONOMIC ANALYSIS (4.00 credits)
An examination of the causes of fluctuations in the level of economic activity. Impact of changes in consumption, investment and government spending on employment, the price level and economic growth are analyzed in detail. Prerequisite(s): EC 1100
EC*U 3118-MICROECONOMIC THEORY (4.00 credits)
Theory of demand, price-output, equilibrium of firms under different market conditions, theory of production and determination of factor prices. Prerequisite(s): EC 1200
EC*U 3125-MANAGERIAL ECONOMICS (4.00 credits)
The application of microeconomics to management decision making in both the private and public sectors. Prerequisite(s): EC 1200
EC*U 3135-INCOME DISTRIBUTION (4.00 credits)
Government income and expenditive survey, income density functions, estimating distribution models, Loveng curves, Gini coefficients and Quantiles. Poverty definitions and estimation. Absolute and relative income inequality. Prerequisite(s): EC 1100 and EC 1200. Offered at Lincoln Center.
EC*U 3154-MATH FOR ECONOMISTS I (4.00 credits)
Introduction to differential calculus and linear algebra, as used in economics. Topics include optimization of single variable and multivariable functions, optimization subject to constraints, determinants, matrix inversion, and use of exponential and logarithmic functions in economics. Prerequisite(s): EC 1200
EC*U 3162-ECONOMIC AND BUSINESS FORECASTING (4.00 credits)
This course surveys the basic principles of forecasting and the most widely used forecasting models. This computer-assisted course uses the mainframe or PC version of statistical packages like SPSSX. Prerequisite(s): EC 1100 and EC 1200.Offered at Lincoln Center.
EC*U 3165-COMPUTER APPLICATIONS IN ECONOMICS (4.00 credits)
Learn good spreadsheet design, efficient formula entry, and valuable auditing techniques in the context of simple economic questions. Learn how to create relational database management systems from scratch and how to turn all that data into useful information in a professional report. If you have never used Excel, Access and PowerPoint, or if you need to refresh your computer skills as you begin job searching, this course will develop you into a proficient MS Office user.
EC*G 3210-ECONOMICS OF EMERGING NATIONS (4.00 credits)
Surveys the rapid economic changes occurring in Eastern Europe, the former Soviet Union, as well as various emerging economies in Asia, Latin America, andAfrica.Prerequisite(s): EC 1100 or EC 1200
EC*U 3229-POLITICAL ECONOMY OF THE MIDDLE EAST (4.00 credits)
A review of the most recent Economics/Political developments in the Middle East following war in Afghanistan and discovery of vast oil reserves in Central Asia. Offered at Lincoln Center.
EC*G 3235-ECONOMICS OF LATIN AMERICA (4.00 credits)
The Latin American experience from an economic perspective. The political and social dimensions of this experience. Among the most controversial subjects to be considered are: Latin America's economic relations with the developed nations (trade, investment, foreign aid); the problems of internal stabilization in Latin American economies; the 'distributive' issues (land tenure, income distribution, employment). Generally offered at Lincoln Center.
EC*G 3240-WORLD POVERTY (4.00 credits)
An investigation into the causes and consequences of poverty, both in the United States and in developing countries. The available statistics and the economic explanations of poverty are surveyed. Contemporary debates over policies to reduce poverty are discussed, including issues of welfare, food and housing subsidies, foreign aid, famine relief and agricultural development. The link between income distribution and economic growth is also discussed.
EC*G 3242-GLOBAL ECONOMIC ISSUES (4.00 credits)
Students debate the economic and environmental consequences of globalization, including trade agreements, labor standards and immigration, capital flows, climate change and the HIV-AIDs/Malaria pandemics. The perspective of non-western countries is emphasized, including their participation in international agreements such as the Kyoto and Montreal Protocols and within institutions such as the WTO, the World Bank, the United Nations and the IMF. We study a little game theory as applied to international negotiations and some key principles of environmental economics, but there are no formal prerequisites for this course.
EC*U 3244- INTERNATIONAL ECONOMIC POLICY (4.00 credits)
This course uses economic methodology to study the fundamental relationship between wealth and political power in the context of various international and economic policies. The course follows the outline of Adam Smith's Wealth of Nations. Contemporary issues covered can include protectionism, economic sanctions, trade wars and foreign assistance and international macroeconomic coordination. (This course complements PORU 3915.)Prerequisite(s): EC 1100 and EC 1200
EC*G 3256-COMPARATIVE ECONOMIC SYSTEMS (4.00 credits)
Survey of the salient features of alternative economic systems; the mixed economies of the western world and Japan, the reforms in the former Soviet, Eastern European, and Chinese economies; problems of measuring economic performance.Prerequisite(s): EC 1100 and EC 1200.Offered at Lincoln Center.
EC*G 3270-EMERGING FINANCIAL MARKETS (4.00 credits)
Intended for students interested in analyzing the dynamics of emerging financial markets in Asia, Latin America, Eastern Europe and Africa. Students will prepare a country study regarding one country's basic macroeconomic indicators, the stability of its foreign exchange and the potential return from investing in its stock market.
EC*U 3346-INTERNATIONAL ECONOMICS (4.00 credits)
A foundation course in international economics. Covers both international trade theory and policy. Issues examined include protectionism, trade and growth, custom unions, and multinational corporations.Prerequisite(s): EC 1200
EC*U 3347-INTERNATIONAL FINANCE (4.00 credits)
A foundation course in international economics. Covers foreign exchange markets and the balance of payments. Also examines macroeconomic policies affecting employment and inflation in an open economy.Prerequisite(s): EC 1100
EC*U 3453-LAW AND ECONOMICS (4.00 credits)
This course applies microeconomic analysis to traditional areas of legal study, such as contract, property, tort and criminal law. The approach applies the 'rational choice' framework used in economics to analyze the purpose, effect and genesis of laws. Attention is paid to the effect of legal structures on economic efficiency. Economic analysis of law is one of the fastest growing and most influential areas of both economic and legal scholarship. This course is of value to both the general economist and students planning to attend law school.Prerequisite(s): EC 1200
EC*U 3454-ECONOMICS OF CORPORATE LAW (4.00 credits)
This course uses economic analysis to study the interaction of the corporation and the law. Topics include the theory of the firm, mergers, and ownership concentration. The 'agency problem' between owners and managers, in which the interests of these groups diverge, is examined. Pertinent issues include structure of corporate boards, executive turnover, and executive compensation plans. The rationale for, and effects of, regulation of the firm are also examined.
EC*U 3455 ECONOMICS AND REGULATION (4.00 credits)
This course provides students with the tools to understand the institutional aspect of regulatory and antitrust policies. It examines the economic issues at stake, what particular market failures provide a rationale for government intervention, the appropriate form of government action and the effects of government intervention. Topics such as government merger policies, cable television regulation, transportation regulation, crude oil and natural gas regulation, environmental regulation, and regulation of workplace health and safety will be covered.Prerequisite(s): EC 1200.
EC*U 3563-LABOR ECONOMICS (4.00 credits)
This course examines labor institutions and their historical development in addition to the economics and peculiarities of labor markets. The role that institutional pressures (e.g., trade unions, government legislation, labor-management relations), industry organization and market forces play in determining the terms and conditions of employment are discussed. Prerequisite(s): EC 1100 and EC 1200.Offered at Lincoln Center.
EC*P 3570-LABOR MARKET AND DIVERSITY (4.00 credits)
The course deals with the economic aspects of discrimination in the labor market based on race, gender and disability. The course will rely on economic theory, which will be confronted with facts. The first part of the course will give students the fundamentals on labor market analysis. The second part of the course will deal with specific diversity issues within the labor market including employment and wage discrimination, education, unemployment and income inequality.Prerequisite(s): EC 1200
EC*P 3580-ECONOMICS OF DIVERSITY (4.00 credits)
Many of the social interaction of an individual in American society are shaped by the ethnic, racial, and gender groups to which the individual belongs. In this course we will investigate several of the economic effects of social interactions in a diverse society including: residential segregation, peer effects on neighborhood crime rates, inter-racial marriage patterns, diverse, social norms and cultural beliefs, the spread of diseases, income inequality, and affirmative action. While the specific topics covered are broad, many share properties that can be understood through the concepts of basic network theory.
EC*U 3636-MONEY AND BANKING (4.00 credits)
The role of commercial banks and financial institutions in the creation and allocation of money and credit; the central bank as regulator of the money supply; monetary theory and policy; the international monetary system.Prerequisite(s): EC 1100
EC*U 3739-FINANCIAL MARKETS (4.00 credits)
An introduction to flow of funds analysis and interest rate determination in the money and capital markets; the risk and term structure of interest rates. An introduction to financial futures, options and swaps.Prerequisite(s): EC 1100
EC*U 3740-ISSUES IN FINANCIAL MARKETS (4.00 credits)
This course provides an in-depth examination and discussion of selected topics in financial markets. Topics of current interest will be drawn from both academic and non-academic sourcesPrerequisite(s): EC 3739
EC*U 3743-STOCKS, BONDS, OPTIONS AND FUTURE (4.00 credits)This course examines the working of the primary and secondary markets, investment banking, brokers and dealers, the New York and the American Stock Exchanges, the NASDAQ, the options and futures markets. Fundamental and technical analysis is also covered.Prerequisite(s): EC 1100. Offered at Lincoln Center.
EC*U 3778-CORPORATE FINANCE (4.00 credits)
The decision-making processes of a firm across time and in the presence of uncertainty. Financial assets and markets. Valuation of financial assets. Working capital and long-term financial management.Prerequisite(s): EC 1200
EC*U 3870-PUBLIC FINANCE (4.00 credits)
The role of public expenditure in a market economy. Equity and efficiency in a tax system. Description and analysis of the major taxes. Intergovernmental fiscal relations. Programs for redistributing income.Prerequisite(s): EC 1200
EC*U 3876-HEALTH COSTS AND BENEFITS (4.00 credits)
This cost benefit course analyzes health care expenditures, cost measurement and cost minimization, cost effectiveness and cost utility analysis and deals with applications related to evaluating hospital departments [in-patient and out-patient] and medical interventions [inoculations, medicationsand types of surgery].
EC*U 3884-CONTEMPORARY ECONOMIC PROBLEMS (4.00 credits)
A survey of outstanding micro and macroeconomic problems facing the United States. Topics covered include changes in the global economy, unemployment and inflation, poverty, environmental protection, health care reform, the productivity issue, the deficit.Prerequisite(s): EC 1100 and EC 1200. Offered at Lincoln Center.
EC*V 4110-ETHICS AND ECONOMICS (4.00 credits)
This course examines how ethical considerations enter into economic decisions. Readings include writings by moral philosophers and the founders of economic thought as well as recent research on ethical issues. Topics for discussion may include childcare, trade liberalization, welfare reform, healthcare, poverty, pollution and economic sanctions.
EC*U 4800-INTERNSHIP (4.00 credits)
Supervised placement for students interested in work experience.
EC*U 4900-INTERNSHIP SEMINAR (4.00 credits)
Students are placed in a work setting of their choice for 8-10 hours per week to enrich their understanding of the economic process. Readings and a written report related to the student's internship are assigned. There is a pass/fail grade for the course. The course is restricted to seniors majoring in economics.
EC*U 4998-HONORS SEMINAR IN ECONOMICS (1.00 credits)
Supervised individual study project.
Prof. Mary Burke
Associate Chair, Rose Hill
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