Economics Courses

General Course Listings

Sub CRSE Title
ECO 101 Introductory Economics
Prerequisites & Notes

Instructor
Staff

Theories and institutions that organize and direct economic activities in contemporary society. Covering both microeconomics and macroeconomics, prepares students for understanding domestic and international economic issues, and serves as a foundation for further work in economics.

Satisfies the Social-Scientific Thought distribution requirement. 

ECO 105 Statistics and Basic Econometrics
Prerequisites & Notes

One laboratory session per week.

Instructor
Staff

Application of probability and statistics to economic analysis. Topics include: probability rules, discrete and continuous random variables, confidence intervals, hypothesis tests, correlation, and regression. Spreadsheet software is utilized. An economics research paper is a major component of the course.

Satisfies the Mathematical and Quantitative Thought distribution requirement. 

ECO 114 Introduction to Finance
Prerequisites & Notes

Instructor
Staff

This course provides a foundation in the principles and tools of finance, which include financial analysis, the time value of money, capital budgeting and capital structure. It emphasizes an intuitive, logically rigorous understanding of the theory and practice of finance, illustrating concepts that are applicable to public, private, and not-for-profit sectors. Ethical and societal issues related to these principles are examined.  

Does not satisfies a major requirement.

ECO 122 Introduction to Health Care Economics
Prerequisites & Notes

Instructor
Sparling

This course provides students without an economics background a broad overview of the health economics field.  A foundation of microeconomics principles is developed, and this foundation is then used to analyze leading health care issues.

Satisfies a minor credit in Economics.
Satisfies the Social-Scientific Thought distribution requirement.

ECO 180 Selected Topics in Economics (ECO 180-184)
Prerequisites & Notes

Instructor
Staff

Reading, research, papers, and discussion on selected topics in economics. Each faculty member announces in advance the particular topic or area of the seminar. 

 

[Not for major or minor credit in Economics.]

ECO 195 Independent Study
Prerequisites & Notes

Permission of the instructor.

Instructor
Staff

Designed for non-majors who desire to pursue some special interest in economics on an independent study basis. The proposal must be approved in advance by the faculty member who supervises the student and determines the means of evaluation as well as the Department Chair. 

Not for major or minor credit in Economics.

ECO 202 Intermediate Microeconomic Theory
Prerequisites & Notes

Economics 101 and Calculus I or equivalent.

Instructor
Staff

Analysis of production and consumption activities of individual economic units. Areas of concentration include the theory of consumer behavior, cost analysis, production and distribution theory, market structure, game theory, general equilibrium, and welfare criteria.

Satisfies a Social-Scientific Thought distribution requirement. 

ECO 203 Intermediate Macroeconomic Theory
Prerequisites & Notes

Economics 101 and Calculus I or equivalent.

Instructor
Staff

Theories of aggregate demand and supply; determination of real national income, employment, and the price level; and use of fiscal and monetary policies to achieve macroeconomic objectives.

Satisfies the Social-Scientific Thought distribution requirement. 

ECO 205 Econometrics
Prerequisites & Notes

Economics 101 and either Economics 105 or permission of the instructor. 
One laboratory session per week.

Instructor
Staff

Applications of linear regression analysis to economic analysis. Topics include model specification, parameter estimation, inference, and problems relating to data issues, statistical concerns, and model diagnostics. Statistical software is utilized. An economics research paper is a major component of the course.

Satisfies the Mathematical and Quantitative Thought distribution requirement. 

ECO 211 Introduction to Accounting
Prerequisites & Notes

Only two courses from Economics 211, 212, and 213 may earn major credit.

Instructor
B. Baker

Comprehensive study of the theory and problems of valuation of assets, application of funds, corporation accounts and statements; interpretation and analysis of financial statements.

ECO 212 Intermediate Accounting
Prerequisites & Notes

Economics 211.
Only two courses from Economics 211, 212, and 213 may earn major credit.  (Spring)

Instructor
B. Baker

Complex problems in various areas of financial accounting, with emphasis on theoretical background and analysis of accounting data.

ECO 213 Cost Accounting
Prerequisites & Notes

Economics 211. 
Only two courses from Economics 211, 212, and 213 may earn major credit. (Fall)

Instructor
B. Baker

Study of allocation and utilization of resources. Emphasis on cost behavior, cost allocation, product costing, budgeting, decision-making and control activities related to job-order, process and activity-based costing (ABC) systems.

ECO 219 Game Theory and Strategic Behavior
Prerequisites & Notes

Economics 101.

Instructor
M. Foley

Study of strategic situations in theory and practice. Course begins with the concept of Nash equilibrium and covers refinements of it, addressing ideas such as mixed strategies, preemption, wars of attrition, commitment, repeated games, and signaling.

Satisfies a Mathematical & Quantitative Thought distribution requirement.

 

ECO 220S Economic Analysis of Health and Access to Care
Prerequisites & Notes

Economics 101 or both Economics 122 and permission of the instructor. 
Recommended, but not required: Economics 105.

Instructor
Sparling

Economic perspective on differences in health outcomes and health care utilization across the categories of income, wealth, education, gender and race.  Includes study of theories of time allocation, health production, health insurance and discrimination, and assessment of related empirical research and policies. 

Satisfies Social-Scientific Thought distribution requirement.
 

ECO 221 Economic History of the United States
Prerequisites & Notes

Economics 101.

Instructors
Ross, F. Smith

Principal events affecting economic policy and behavior in the United States since colonial times. Emphasis on historical origins of contemporary American problems.

Satisfies the Historical Thought distribution requirement. 

ECO 224S Labor Economics
Prerequisites & Notes

Economics 101.

Instructor:
Ross

Labor markets, unionization, unemployment, and public policy primarily in the setting of the United States.  Particular focus will be on inequality and discrimination in the labor market.

Satisfies a Social-Scientific Thought distribution requirement.

ECO 225 Public Sector Economics
Prerequisites & Notes

Economics 101.

Instructor
Staff

Analysis of the role the public sector plays in a mixed economy.  Topics include public goods, externalities, tax policy, expenditure policy, budget deficits, and the national debt.  Includes proposals for tax welfare, and health care reforms. 
A student may not receive credit for both Economics 225 and Economics 325.  

Satisfies the Social-Scientific Thought distribution requirement. 

ECO 226 Environmental and Natural Resource Economics
Prerequisites & Notes

Economics 101 required; Calculus I or equivalent recommended.

Instructor
Martin

Focuses on the application of economic tools to the evaluation of environmental amenities, the analysis of pollution control policies, the uses of renewable and nonrenewable resources, and the protection of biodiversity.  Examines the strengths and weaknesses of the economic approach to those issues.

Satisfies the Social-Scientific Thought distribution requirement. 
Satisfies depth and breadth course requirement in the Social Science Track of the Environmental Studies major or interdisciplinary minor.

ECO 228 Financial Economics
Prerequisites & Notes

Economics 101

Instructor
Stroup

This course is an introduction to financial economics. It is organized around financial institutions (e.g., investment banks and asset management companies), instruments (e.g., collateralized debt obligations), and markets (e.g., over-the-counter), and focuses on essential terminology (e.g., leverage), core competencies (e.g., understanding basic functions of financial intermediaries), and analyses of the relationship between the financial sector and society as a whole (e.g., financial regulation). At the conclusion of the course, students should be able to read and interpret financial events and to actively participate in discussions involving the role of finance in society and critical evaluation of financial policy.

ECO 229S Urban Economics
Prerequisites & Notes

Economics 101.

Instructor
F. Smith

Role of economics in the development of modern cities. Topics include: the monocentric-city model, urban land values, crime, transportation, education, and taxation.

Satisfies the Social-Scientific Thought distribution requirement. 

ECO 231S History of Economic Thought
Prerequisites & Notes

Economics 101.

Instructor
Kumar

Evolution of economic thought in a social-historical context, from the Mercantilists up to Keynes, with particular attention to the Classical, Marxian, Austrian, Neoclassical, Institutional, and Keynesian schools.

Satisfies the Liberal Studies distribution requirement. 

ECO 232S Economics of Migration
Prerequisites & Notes

Economics 101

Instructor
Gouri Suresh

Types of migration, economic basis for migration, aggregate and distributional consequences on migrant sending and receiving countries, fiscal and other effects of migration, 'brain-drain' and 'brain-gain', remittances, migration policy.

Satisfies an interdisciplinary minor requirement for International Studies.
Satisfies the Social-Scientific Thought distribution requirement.

ECO 234 Latin American Economic Development
Prerequisites & Notes

Economics 101.

Instructor
Fitz

This course combines economic theory, policy and historical accounts to understand forces that have shaped Latin American economic development.  You will gain an understanding of major theories and trends in Latin American development while obtaining the necessary tools to analyze specific development issues and the impact of development projects.

Satisfies the Social-Scientific Thought distribution requirement.

ECO 235 Economics of South Asian Environmental Issues
Prerequisites & Notes

Economics 101.

Instructor
Martin

The goal of this course is for students to learn about the economics of environmental issues in South Asia (defined here as Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka). The economic tools will include externalities and consideration of common and open access goods. The issues discussed will be topical, and the students will get to choose a topic for their research project.

Satisfies depth and breadth course requirement in the Social Science track of the Environmental Studies major or interdisciplinary minor.
Satisfies a Social Scientific Thought Distribution Requirement.

ECO 280 Selected Topics in Economics (ECO 280-284)
Prerequisites & Notes

Instructor
Staff

Reading, research, papers, and discussion on selected topics in economics.  Topics and course numbers will be announced in advance of registration.

Not for major or minor credit in Economics

ECO 295 Individual Research
Prerequisites & Notes

Economics 101 and permission of the instructor.

Instructor
Staff

Designed for the student who desires to pursue some special interest in economics. A research proposal must be approved in advance by the faculty member who supervises the student and determines the means of evaluation as well as the Department Chair.

ECO 316 Computational Economics
Prerequisites & Notes

Economics 105 or permission of the instructor.

Instructor
Gouri Suresh

Computational methods for building and solving models in the context of economics topics. Methods discussed include agent-based simulations to analyze complex adaptive systems, value function iteration to solve dynamic structural models, and miscellaneous estimation and optimizing techniques.

Satisfies an interdisciplinary minor requirement for applied mathematics.
Satisfies Social-Scientific Thought distribution requirement.

ECO 320 Psychology and Economics
Prerequisites & Notes

Economics 105 and Economics 202.

Instructor
M. Foley

Incorporation of psychological insights into economic models, with emphasis on empirical evidence. Also known as behavioral economics. Analysis of how individuals depart from a standard economic model in three ways: 1) nonstandard preferences, such as procrastination, 2) nonstandard beliefs, such as overconfidence about one's ability, and 3) nonstandard decision making, such as framing effects and the roles of social pressure and peer influences.

Satisfies Social Science distribution requirement.
 

ECO 321 Research Seminar in Public Choice Economics
Prerequisites & Notes

Economics focus: Economics 105 (Statistics), either Economics 202 (Intermediate Microeconomics) or Economics 203 (Intermediate Macroeconomics), and a Political Science course above 201.

Political Science focus: Political Science 201 (Methods and Statistics in Political Science), a Political Science course above 300, and Economics 101 (Introductory Economics).

Instructor
Martin

Public Choice Economics is the application of economic methods to problems usually within the sphere of political science.  This research seminar is as much a vehicle for developing a student's research skills as it is a valuable field of inquiry.  The students will actively engage with their peers in learning about Public Choice Economics, in developing a viable research proposal, and in conducting their own empirical research projects.  It is appropriate for either advanced economics-focused students with an interest political science or advanced political science-focused students with an interest in economics.

ECO 322S Health Economics
Prerequisites & Notes

Economics 202 required

Instructor
Sparling

Analysis of the U.S. health care sector: demand for health, medical care and health insurance;  supply of physician services, hospital services and insurance; health care markets and government interventions; cost effectiveness analysis; comparison of international health care systems. Focus is on policy applications.

Satisfies the Social-Scientific Thought distribution requirement.
 

 

ECO 323 Industrial Organization
Prerequisites & Notes

Economics 202 required.

Instructor
Staff

Theoretical basis for antitrust laws and the regulation of industries. Mergers, market power, economies of scale, barriers to entry, and contestable market theory. Emphasis is placed on past and recent antitrust cases.

Satisfies a Social-Scientific Thought distribution requirement.

ECO 324 Labor Economics
Prerequisites & Notes

Economics 105 and Economics 202 or permission of the instructor.

Instructors
M. Foley, Ross

Labor markets, unionization, unemployment, and public policy primarily in the setting of the United States. (A student may not receive credit for both ECO 224 and ECO 324.)

Satisfies a Social-Scientific Thought distribution requirement.

ECO 325 Public Sector Economics
Prerequisites & Notes

Economics 202.

Instructor
F. Smith

Analysis of the role the public sector plays in a mixed economy.  Topics include public goods, externalities, tax policy, expenditure policy, budget deficits, and the national debt.  Includes proposals for tax welfare, and health care reforms. 
A student may not receive credit for both Economics 225 and Economics 325.  

Satisfies the Social-Scientific Thought distribution requirement. 

ECO 328S Money and the Financial System
Prerequisites & Notes

Economics 203.

Instructor
Kumar

Term structure of interest rates, structure of financial markets, regulatory framework, asset demand theories, Federal Reserve system and operation of monetary policy.

 

Satisfies a Social-Scientific Thought distribution requirement.

ECO 329 Sports Economics
Prerequisites & Notes

Economics 105 and Economics 202.

Instructor
Martin

Sports economics covers the major economic issues confronted in professional and major college sports. The course examines four topics in depth: (1) the structure of professional sports industry, (2) public finance issues surrounding stadium construction and team ownership in professional sports, (3) labor market issues in professional sports, and (4) the economics of amateur athletics (with a focus on the NCAA).

ECO 333S Political Economy and Economic Development
Prerequisites & Notes

Economics 105 or equivalent, and Economics 202.

Instructor
Fitz

This course will analyze the major theoretical arguments to how and why politics affects economic development, and study the ways in which economic development influences politics.  Empirical studies will be analyzed in order to evaluate various policies that may promote the support economic growth and devlopment.

Satisfies the Social-Scientific Thought distribution requirement.

ECO 337 International Trade
Prerequisites & Notes

Economics 202.

Instructor
Gouri Suresh

Economic basis for international trade, determinants and consequences of trade flows, barriers to trade, and trade policy.

 

Satisfies a Social-Scientific Thought distribution requirement.

ECO 338 International Finance
Prerequisites & Notes

Economics 203.

Instructors
Kumar

Macroeconomics of an open economy, balance-of-payments adjustment, exchange-rate regimes, and coordination of international economic policy.

Satisfies a Social-Scientific Thought distribution requirement.

ECO 339S Economics of Multinational Firms
Prerequisites & Notes

Economics 203

Instructor
Stroup

Multinational firms with operations spanning national boundaries are some of the most powerful companies in the world. Why do some firms go global? What prevents others from internationalizing their operations? How do multinationals innovate? Do they benefit the countries where they operate? Answers to these questions will provide key insights about the world we live in, and we will use economics to examine these and other issues to learn how firms respond to the pressures of globalization and how the global presence of these firms affects the well-being of citizens in rich and poor countries.


Satisfies the Social-Scientific Thought requirement.

ECO 380 Seminar in Economics (ECO 380-384)
Prerequisites & Notes

Economics 202 or 203 or 205 and permission of the instructor.

Instructor
Staff

Reading, research, papers, and discussion on selected topics in economics. Particular topic or area of the seminar and course number will be announced in advance of registration.

ECO 395 Individual Research
Prerequisites & Notes

Economics 202 or 203 or 205 and permission of the instructor.

Instructor
Staff

Designed for the major who desires to pursue some special interest in economics. A research proposal must be approved in advance by the faculty member who supervises the student and determines the means of evaluation as well as the Department Chair.

ECO 401 Honors Research
Prerequisites & Notes

Permission of the Department Chair. (Fall)

Instructor
Martin

Independent research designed to formulate a written proposal for an honors thesis. The proposal will encompass a review of recent literature, development of a theoretical framework and research hypotheses, and the preparation of an annotated bibliography. An oral defense of the written proposal is required. Graded on a Pass/Fail basis. 

Not for major or minor credit in Economics.

ECO 402 Honors Thesis
Prerequisites & Notes

Pass in Economics 401 and permission of the Department Chair. (Spring)

Instructor
Kumar

Completion of the honors research proposed in Economics 401. Oral defense of the thesis is required.

ECO 495 Senior Session
Prerequisites & Notes

Instructor
Kumar

Required of all seniors majoring in economics. Students participate in colloquia on economic problems, theory, and policy; prepare projects on economic issues; and take comprehensive examinations that include the ETS Major Field Test in economics, an oral exam and written examinations in economic theory and analysis.

Prerequisites:  Economics 202, 203, and 205 or permission of the instructor. (Spring)

Group Projects: One part of the Senior Session experience requires each student to participate in a group project. Each student should register in one of five group projects described below. Space in each section is limited.

 

ECO 495A: TAX SYSTEM DESIGN FOR PERU
GROUP ADVISOR: BAKER

Students will have the opportunity to develop a system of taxation for a country. You will start with a clean slate. It is incumbent upon your group to design a system of taxation that you feel is equitable and has a realistic chance of functioning. You will use Peru as your subject country. You have been hired as consultants by the Peruvian government to propose a revised system of taxation. You will research the country to learn about its history, culture, national budgets/priorities, and economy. You will determine the level of funding needed by the country to meet the goals established by its government. You will research various systems of taxation from which you can choose. 

 

ECO 495B: EFFECTIVE ALTRUISM 
GROUP ADVISOR: FITZ 

Effective altruism acknowledges that many individuals want to help others while emphasizing the importance of finding the most effective ways to do good. As a result, this growing movement draws heavily upon the empirical findings of development economists. Through a debate of various causes (including, for example, direct cash transfers, deworming, malaria prevention, women's empowerment, or even asteroid prevention), this Senior Session will determine which charities are the best recipients of our marginal charitable donations. 

 

ECO 495C: THE EUROPEAN UNION: CHALLENGES AHEAD 
GROUP ADVISOR: KUMAR 

Brexit - the recent British vote to exit the European Union, and Grexit - the perennial question of Greece's membership in it, are symptoms of the difficulties facing Europe's economic and monetary unions.  This group will examine and report on the economic challenges, and their socio-political causes and consequences, as the European Union charts a course correction. Sub-groups will represent the core, Southern and Eastern European countries.   

 

ECO 495D: ECONOMIC ADVICE TO THE 45th PRESIDENT OF THE UNITED STATES
GROUP ADVISOR: ROSS 

This senior session group will look at the economic policy alternatives likely to be proposed by the 45th President of the United States. We will look at issues associated with taxation, expenditure policy, employment, international trade, migration, and financial regulation. For these six issues, sub-groups will present the alternative(s) most likely to be advanced by the new President. As a group we will discuss the likely effects of such policies and their internal coherence.

 

ECO 495E: REGULATING FINANCE 
GROUP ADVISOR: STROUP 

What regulations make finance work for society? This project will study policies proposed by the new U.S. president aimed at improving the functioning of America's financial sector. To do this, the group will choose a financial regulation (or deregulation) proposed by the new U.S. president and will analyze the proposal using economic theory and available evidence. The group may also propose an alternate, or improved, policy that might achieve the same goals, and will use economic theory and evidence to defend the alternate proposal.