Schedule of Classes

Nature, scope, and methods of economics; current economic institutions, problems, and policies. Students who have already completed ECO 221 and/or 222 will not receive credit for this course.

Institutions, problems, and policies of the market system and alternative systems: allocation of resources and distribution of income. Not open to students with ECO 100.

Process and determinants of overall economic activity and growth. National income accounting; determination of aggregate income, employment, and the price level; money and banking; government monetary and fiscal policies; international economics.

This course combines the economic analysis of the environment with the economics of sustainability. Environmental and sustainability economics considers the efficient and equitable use of society's scarce resources. Cannot receive credit for both ECO 240 and 340.

Techniques and procedures of application of statistical tools to economic research problems; selected methods for investigating the empirical validity of economic theory.

Optimizing behavior and market processes. Emphasizes proficiency in numerous microeconomic tools of analysis. Encourages thought about these tools and the real world they are designed to illuminate.

The theory of externalities and market failure will provide the basis for applying microeconomic concepts to the study of environmental improvement. The past and present state of environmental well-being with respect to air, water, and waste management will be summarized. Cannot receive credit for both ECO 240 and 340.

Behavioral economics describes how individual people make economic decisions, both for themselves and in interactions with other people. Experimental economics is a primary tool in the study of behavioral economics, running controlled experiments to observe individual behavior. This course will broadly survey ways in which individuals make decisions. In many different fields, we will study how neoclassical economics predicts human behavior, and how observed behavior differs from those predictions. We will also discuss research in behavioral economics, including designing and implementing experiments.

Welfare implications of international trade; balance of payments; equilibrium and disequilibrium; external and domestic policy effects on the balance of payments and welfare; international trade and financial cooperation among nations. Cross listed as IB 391.

Continuation of Economics 300, with more difficult and challenging readings.

Individual readings for qualified students under the guidance of a member of the economics staff.

Student begins to explore an area of economics in which he or she has a particular interest and plans to write a senior thesis. Required for all economics majors. Pass/Fail.

Capstone project where each student completes a senior research thesis under the guidance of an economics faculty member. Student explores an area of economics in which he or she has a particular interest.

Analysis of domestic and international markets, resource allocation, applied strategic thinking and competitive analysis, market structure, impacts on business decision making and on society, ethical issues, role of government regulation in business, pricing strategies, and quantitative decision making tools.