Economics (ECON)
ECON 10001 Principles of Economics (4 Credit Hours)
An introduction to microeconomics and macroeconomics. On the micro side, particular attention is paid to competitive and monopolistic markets and the role of exchange, prices, and government regulation of the economy. The macro side examines measurement of national economic performance, models of short-run economic fluctuations and long-run economic growth, money and credit, and fiscal and monetary policy.
Corequisites: ECON 12001
ECON 10010 Principles of Microeconomics (3 Credit Hours)
An introduction to economics, with particular attention to the pricing mechanism, competitive and monopolistic markets, government regulation of the economy, labor-management relations and programs, income determination and public policy, trade and the international economy.
Satisfies the following University Core Requirements: WKSS - Core Social Science
ECON 10011 Principles of Microeconomics (3 Credit Hours)
An introduction to economics, with particular attention to the pricing mechanism, competitive and monopolistic markets, government regulation of the economy, labor-management relations and programs, income determination and public policy, trade and the international economy.
Satisfies the following University Core Requirements: WKSS - Core Social Science
ECON 10020 Principles of Macroeconomics (3 Credit Hours)
A continuation of introduction to economics with emphasis on the measurement of national economic performance, alternative explanations of short-run economic fluctuations and long-run economic growth, money and credit, fiscal and monetary policy.
Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011
Satisfies the following University Core Requirements: WKSS - Core Social Science
ECON 10091 Principles of Microeconomics (3 Credit Hours)
For achieving a qualifying score on the appropriate Advanced Placement (AP) or International Baccalaureate (IB) exam, students earn credit for this course as the exam credit equivalent of ECON 10010. An introduction to economics, with particular attention to the pricing mechanism, competitive and monopolistic markets, government regulation of the economy, labor-management relations and programs, income determination and public policy, trade and the international economy.
ECON 10092 Principles of Macroeconomics (3 Credit Hours)
For achieving a qualifying score on the appropriate Advanced Placement (AP) or International Baccalaureate (IB) exam, students earn credit for this course as the exam credit equivalent of ECON 10020. A continuation of introduction to economics with emphasis on the measurement of national economic performance, alternative explanations of short-run economic fluctuations and long-run economic growth, money and credit, fiscal and monetary policy.
ECON 12001 Principles of Econ Tutorial (0 Credit Hours)
Tutorial for ECON 10001 - Principles of Economics
Corequisites: ECON 10001
ECON 13181 Social Science University Seminar (3 Credit Hours)
Economics sections will deal with different aspects of economic analysis and policy issues. The focus will be on understanding how economists think about theoretical issues and how they apply their analytical tools to real-world economic problems and policies. No background in economics is assumed.
Satisfies the following University Core Requirements: USEM - University Seminar, WKSS - Core Social Science
Students in the Holy Cross College or St. Mary's College colleges may not enroll.
ECON 14102 Principles of Economic (3 Credit Hours)
The course aimed to develop fundamental ideas and tools of modern microeconomic theory and their applications to policy issues, such as competition and environmental policies. The paper covered topics including risk and expected utility theory; welfare economics and general equilibrium; public goods and externalities; game theory and industrial organization; as well as information economics and applications of microeconomics.
ECON 20010 Principles of Microeconomics (3 Credit Hours)
An introduction to economics, with particular attention to the pricing mechanism, competitive and monopolistic markets, government regulation of the economy, labor-management relations and programs, income determination and public policy, trade and the international economy.
Satisfies the following University Core Requirements: WKSS - Core Social Science
ECON 20011 Principles of Microeconomics (3 Credit Hours)
An introduction to economics, with particular attention to the pricing mechanism, competitive and monopolistic markets, government regulation of the economy, labor-management relations and programs, income determination and public policy, trade and the international economy.
Satisfies the following University Core Requirements: WKSS - Core Social Science
ECON 20020 Principles of Macroeconomics (3 Credit Hours)
A continuation of introduction to economics with emphasis on the measurement of national economic perfomance, alternative explanations of short-run economic fluctuations and long-run economic growth, money and credit, fiscal and monetary policy.
Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011
Satisfies the following University Core Requirements: WKSS - Core Social Science
ECON 24022 Principles of Macroeconomics (3 Credit Hours)
A continuation of introduction to economics with emphasis on the measurement of national economic performance, alternative explanations of short-run economic fluctuations and long-run economic growth, money and credit, fiscal and monetary policy.
ECON 27010 International Economics in DC (1 Credit Hour)
This course is centered around the International Economics in D.C. program. You will synthesize the various experiences over the trip in this course as a way of complementing the IE major's structure.
ECON 30010 Intermediate Economic Theory--Micro (3 Credit Hours)
An examination of the language and analytical tools of microeconomics, emphasizing the functional relationship between the factor and product markets and resource allocation.
Prerequisites: (ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011) and (MATH 10260 or MATH 10560 or MATH 10092 or MATH 10860) or MATH 10360 or MATH 14360 or MATH 10460
Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning, WKSS - Core Social Science
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 30020 Intermediate Economic Theory--Macro (3 Credit Hours)
An intensive examination of Macroeconomics with particular reference to the determination of economic growth, national income, employment and the general price level.
Prerequisites: (ECON 10020 or ECON 10092 or ECON 20020) and (MATH 10260 or MATH 10560 or MATH 10092 or MATH 10860) or MATH 10360 or MATH 10460 or MATH 14360
Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 30160 Economy, Divine and Human (3 Credit Hours)
Economics and theology are often thought of as competing or contradictory explanations of human nature and behavior. By beginning with the theological premise that God's creation must hold together as a coherent whole, this course will instead show how economics rightly understood can illuminate our understanding of God's providential activity in the world. We will discuss the fundamental principles and insights of economics, relate them to a philosophical and theological vision of the human person in community, and show the central implications for ethics and political economy.
Satisfies the following University Core Requirements: WKCD-Core Cathol & Disciplines, WKIN - Core Integration
ECON 30200 Law and Economics (3 Credit Hours)
This class teaches how to use the basic tools and concepts of economics to analyze the economic effects of legal rules, regulations, and enforcement methods. Examples of this "economic approach" to the study of the law are taken from the basic bodies of law in a civil society: property law, tort law, contract law, and criminal law. The course also explores the role of the state in creating and enforcing a body of law that promotes economic growth and development.
ECON 30220 Marxian Economics (3 Credit Hours)
An introduction to Marxian economic analysis. Topics include the differences between mainstream and Marxian economics, general philosophy and methodology, Marxian value theory, and critical appraisals and current relevance of Marx's "critique of political economy."
Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011 or ECON 10020 or ECON 10092 or ECON 10021
Enrollment is limited to students with a program in Economics.
Enrollment limited to students in the Economics department.
ECON 30250 Economic History from an Empirical Perspective (3 Credit Hours)
This class will consider a diverse set of topics in economic history. The focus of the class will be on "Cliometrics" or how economists use statistics and statistical models to answer important questions in the discipline. The topics will range from the rapid decline in mortality since the 1850s, the role of health in development, the rise of financial markets and the institution of the Federal Reserve System, the Depression and the New Deal, and the importance of institutions for economic development.
ECON 30260 Justice Seminar (3 Credit Hours)
An examination of major theories of justice, both ancient and modern. Readings include representatives of liberal theorists of right, such as John Rawls, as well as perfectionist alternatives. The course also serves as the core seminar for the philosophy, politics, and economics concentration.
Satisfies the following University Core Requirements: WKIN - Core Integration, WKSP - Core 2nd Philosophy
ECON 30330 Statistics for Economics (3 Credit Hours)
This course seeks to introduce the student to the principles of probability and statistical theory appropriate for the study of economics. The emphasis of the course will be on hypothesis testing and regression analysis.
Prerequisites: ECON 10010 or ECON 10091 or ECON 20010 or ECON 10011 or ECON 20011
Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR, International Economics - Rusn or Business Economics.
Enrollment limited to students in the Economics department.
ECON 30331 Econometrics (3 Credit Hours)
Provides students with an understanding of when and how to use basic econometric methods in their work as an economists, including the ability to recognize which econometric technique is appropriate in a given situation as well as what explicit and implicit assumptions are being made using the method. Topics covered include estimation and hypothesis testing using basic regression analysis, problems with basic regression analysis, alternative econometric methods, limited dependent variables, and simultaneous equation models.
Prerequisites: (ECON 30330 or BAMG 20100) or ACMS 10150 or ACMS 20340 or ACMS 30440 or ACMS 30540 or MATH 30540 or BAMG 20150 or ACMS 30600 or BIOS 40411 or ITAO 20200
Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 30335 Introduction to Linear Regress (1 Credit Hour)
This class is a supplement to Statistics courses that do not cover linear regression which is a necessary prerequisite for Econometrics. The course provides an introduction to linear regression models focusing on parameter estimation, hypothesis testing, goodness of fit, and estimation issues that arise in using economic data. Students will also be introduced to the use of econometric software.
ECON 30340 Statistics for Economics (4 Credit Hours)
This course seeks to introduce the student to the principles of probability and statistical theory appropriate for the study of economics. The emphasis of the course will be on hypothesis testing and regression analysis.
Corequisites: ECON 32340
Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning
ECON 30341 Econometrics (4 Credit Hours)
Provides students with an understanding of when and how to use basic econometric methods in their work as an economists, including the ability to recognize which econometric technique is appropriate in a given situation as well as what explicit and implicit assumptions are being made using the method. Topics covered include estimation and hypothesis testing using basic regression analysis, problems with basic regression analysis, alternative econometric methods, limited dependent variables, and simultaneous equation models.
Corequisites: ECON 32341
Satisfies the following University Core Requirements: WKQR- Core Quantitat Reasoning
ECON 30365 Money, Banking, & Mortgage Markets (3 Credit Hours)
This course is on the economics of money, banking, and mortgage markets, and aims to provide an overview of the role of money, financial markets, and financial institutions in the economy, with special emphasis and study on the importance and operation of real estate and mortgage markets. Topics include the use and evolution of money, the behavior of bond markets and debt instruments, the importance of interest rates, the operations and role of commercial banks, the development of real estate capital markets, international financial and real estate markets, banking and financial crises, as well as financial regulation.
ECON 30400 Labor Economics (3 Credit Hours)
A survey course covering the economics of employment and unemployment; wages and income distribution; poverty, education and discrimination; unions and labor and industrial relations systems; and comparative labor systems.
Prerequisites: (ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011) and (ECON 10020 or ECON 20010)
ECON 30401 Economics of Education (3 Credit Hours)
This course combines economic theory and methods to study the production and delivery of education. We will apply economic principles to understand the rationale for particular education approaches, policies, and programs and use an economic lens to explore their potential impact. We will also learn about applying analytic tools to examine the effects of schooling as well as specific education interventions and reforms. Students will read empirical research and will practice being critical consumers of policy arguments and research findings. They will also complete problem sets and writing assignments with the goals of 1) using economic principles to inform policy debates about education investments, 2) employing evidence to evaluate the impact of education policies and programs, and 3) developing skills in conducting original research on education. Substantive topics will span early childhood education, K-12 schooling, and higher education with a focus on the role of incentives, prices, and markets throughout. The course will explore teacher labor markets and teacher effectiveness, school choice, and accountability, and will include discussion of international contexts.
Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 30433 Economics of Immigration (3 Credit Hours)
This course examines why some individuals decide to become immigrants through a cost benefit analysis, viewing migration as an investment in human capital. It addresses the selection among immigrants and how they integrate and assimilate in the destination country. Primary focus is given to the labor market, wages in particular, both of immigrants and of natives in the host country. A distinction is made between economic migrants and refugees and discrimination in its varied forms is also studied. The fiscal impact of immigration is discussed along with immigration policy in a global context.
Statistics recommended but not required.
Prerequisites: (ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011 or ECON 10091) and (ECON 10020 (may be taken concurrently) or ECON 20020 (may be taken concurrently) or ECON 10092 (may be taken concurrently) or FIN 30220 (may be taken concurrently) or ECON 14022 (may be taken concurrently) or ECON 24022 (may be taken concurrently))
ECON 30450 Data Analytics and Economic Evaluation for Social Impact (3 Credit Hours)
This course will demonstrate how tools from economics and data science can be used to address pressing social challenges. Emphasis will be placed on using applied microeconomics methods (e.g., causal inference), basic theory, and machine learning (prediction) to design and evaluate programs to alleviate poverty and increase human capital. Students will receive hands-on experience in developing a research project.
ECON 30500 The Economics of Poverty (3 Credit Hours)
In this course, students will learn about what poverty is, how it is measured, and how it is alleviated. Students will engage with economic theory and will read empirical research on poverty as it relates to housing, education, health, criminal justice, and economic mobility. We will address poverty and anti-poverty policy both in the United States and abroad.
ECON 30501 Evidence Based Poverty Alleviation Enriching Experience (1 Credit Hour)
In this one credit-hour course, economics majors in the Evidence-based Poverty Alleviation Concentration (EBPAC) will attend seminars with researchers and practitioners who work on topics related to poverty and anti-poverty policy. The course is intended to expand students’ understanding of what anti-poverty research looks like in practice and expose them to the wide variety of careers available in the anti-poverty space.
ECON 30502 Evidence Based Poverty Alleviation Immersive Learning Experience (1 Credit Hour)
This one credit-hour experiential learning course offers students a unique opportunity to engage directly with real-world efforts to combat poverty. Held during fall or spring break, the course includes travel to one of two destinations: students may visit social service providers at various locations across the United States partnered with the Wilson Sheehan Lab for Economic Opportunities (LEO) to observe ongoing anti-poverty research, or travel to Washington, DC to explore how evidence-based policies are developed and implemented at the federal level. The course includes a mandatory pre-travel meeting to provide context and prepare students for the experience, as well as a post-travel paper to encourage critical thinking and integration of insights gained during the trip.
ECON 30531 Environmental Economics and Policy (3 Credit Hours)
An introduction to the economics of the environment and natural resources. Topics include externalities, market failure, cost-benefit and contingent valuation analyses, climate change, and public policies related to environmental and natural resources
Prerequisites: (ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011) and (ECON 20020 or ECON 10020 or ECON 10092)
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 30532 Economics of Housing (3 Credit Hours)
An introduction to the economics of housing, with particular attention to issues of homelessness and the low-income housing market. Topics includes economic models of homelessness, housing subsidies and regulations, housing market filtering, concentrated poverty and neighborhoods effects, and public policy responses to housing problems.
ECON 30533 Climate Change and sustainability via Economic and Business Ethics Lenses (3 Credit Hours)
Reflecting an integration of key considerations from the disciplines of Economics and Business Ethics, the course will allow students the opportunity to examine the complexities of climate change, public policy, environmental and social sustainability, and impacts on global economies and communities. Analyzing the implications of the grand challenge of climate change requires integration of substantive understanding of foundational concepts from multiple perspectives. Economics will provide the foundation of knowledge of labor market structure, market failures such as externalities, taxation, migration decisions, discrimination, and income inequality measures. The management approach will address the organizational and societal dimensions of effective and ethical business. Topics will include climate change; resilience and its measures; climate change-driven migration around the world and its impacts on labor markets and the business environment; ethical frameworks for guiding business; stakeholder analysis; environmental justice and the disproportionate effects on communities by socio-economic status, race and gender; and regulation and international agreements.
Satisfies the following University Core Requirements: WKIN - Core Integration
ECON 30535 Urban Economics (3 Credit Hours)
This course provides an introduction to urban economics, focusing on both contemporary and historical issues in the United States. Topics include location decisions of households and firms, agglomeration economies, housing and zoning policy, suburbanization, local governments, and segregation. Students will use economic models, data analysis, and academic articles to study these topics.
Prerequisites: ECON 10010 or ECON 10011 or ECON 10091 or ECON 20010 or ECON 20011 or ECON 14100 or ECON 14101
ECON 30541 Public Economics (3 Credit Hours)
A belief in efficient markets leaves little room for government economic activities other than the establishment and enforcement of property rights and the redistribution of income to promote social justice. Yet free markets are known in certain situation to fail to achieve an efficient allocation of goods and resources in a society. The first half of the course will examine the conditions when markets can be expected to fail and the alternative policies that governments could follow to promote social welfare. Governments like markets can also fail to adopt policies that efficiently address social problems. In the first half of the course we will also address problems in collective decision-making that can lead to government failures. The second half of the course will be devoted to examining applications of these theories to real world problems. In each of these areas, we will ask how can we justify government intervention; how has the government decided how to intervene; what are the impact of the intervention on economic outcomes; and what alternative interventions should be considered to improve outcomes. The policy areas we will examine will vary from year to year but in the past have been are the formation of a market for body parts (kidneys); sugar subsidies; student loan programs; unemployment insurance; nutritional and housing assistance programs; infrastructure; and guaranteed income programs.
Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011
Enrollment is limited to students with a major in Economics.
ECON 30565 Health Economics (3 Credit Hours)
This course examines how economic analysis can be applied to various components of the health care system. Microeconomic theory is used to understand the operation of health care markets and the behavior of participants (consumers, insurers, physicians, and hospitals) in the health care industry. International comparisons and the role of the public sector are discussed.
Prerequisites: (ECON 30330 or ECON 30340 or BAMG 20150 or BIOS 40411 or ITAO 20200 or PSY 30100 or MATH 30530 or MATH 30540 or ACMS 10150 or ACMS 20340 or ACMS 30440 or ACMS 30530 or ACMS 30540 or ACMS 30600 or ECON 30335) and (ECON 10010 or ECON 10011 or ECON 10091 or ECON 20010 or ECON 20011)
ECON 30700 International Economics (3 Credit Hours)
Understanding the complex ways economies are linked to each other through the flow of goods,services, and assets is increasingly important in this era of globalization. This course introduces students to basic models in international trade and international macroeconomics, building on their knowledge of the principles of micro- and macroeconomics. Among the topics covered are the sources of gains from trade, the impact of globalization on wages, the welfare effects and political
economy of trade policy, the determinants of the current account, the role of the exchange rate in adjustment to economic shocks, and the effectiveness of monetary and fiscal policy in open economies. Assignments will include problem sets as well as empirical exercises, which provide an opportunity for students to improve their skills in handling economic data.
Prerequisites: (ECON 10101 ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011
ECON 30750 The Chinese Economy (3 Credit Hours)
In 1600, China was the richest country in the world. In 1978, China’s economy accounted for just a trivial amount of world GDP. It was agricultural, backwards, and dirt-poor. Today, its economy is second only to the U.S. The major theme for the course is to develop an understanding of these transitions and prospects for the future. Since the 1950s, society and economy have operated under a central plan. Economic and social policies have allowed Chinese people to build the world’s second largest economy. The speed and the extent of this transition for a country of this size is an economic miracle and unprecedented in history. The economic impact on human welfare has been remarkable, raising millions out of extreme poverty. China’s economic system operates under the heavy hand of an authoritarian government, run by the Chinese Communist Party (CCP). Economic policy decisions often reflect political reasons. Implementation and focus vary by the CCP leadership. The heavy hand of the state in economic affairs sharply contrasts with the American system.
Questions we will seek to answer include: (1) Why was China so poor in 1978? (2) How and why did the economy take off? (3) How does the China economic miracle fit within accepted economic theory? (4) Is China’s economic development and growth sustainable?
ECON 30801 Poverty in the Developing World (3 Credit Hours)
This class provides an introduction to the world of development policy in the face of massive and persistent world poverty. It focuses on the important tools and concepts required for both understand and create policy aimed at combatting challenges posed by third-world poverty. This includes understanding when it is proper to intervene in markets, along with the role of non-governmental organizations (NGOs) and government institutions.
Prerequisites: ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011 and ECON 10020 or ECON 20020
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 30856 Global Health Policy (3 Credit Hours)
This course is designed as an introduction to health issues in low and middle-income countries (LMICs). We will focus on empirical applications of microeconomic theory in health policy in LMICs. The main question will be: what can be done to help the world's poor to improve their health? The first part of the course will examine the relationship between health and development. The second part will cover these specific areas: Maternal and child health, Disease burden and Environmental concern.
Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 30857 Global Health Econ and Policy (3 Credit Hours)
This course examines current health policy issues and disease burdens in low-and middle-income countries from an economic perspective. Topics may vary but are likely to include the relationship between health and economic development, child and maternal health, the need for financial risk protection against health shocks, social determinants of health inequities, the control of malaria, the relationship between fetal and early-child conditions on human capital, and other related topics. There will be a strong focus on interpreting the relevant empirical literature. The course will approach these issues from a microeconomics perspective and will analyze economic behavior at the micro-level i.e. individual and household. The course will also discuss program evaluation techniques to understand which health policy works in the real-world.
ECON 30858 The Digital Economy - The economics of "Big Tech" (3 Credit Hours)
In this course, we will study the novel challenges of the digital economy. The course will begin with economic concepts and issues related to the network industry structure, in particular market power analysis and the appropriate regulatory and antitrust responses. Policy issues related to net neutrality, network access and the "digital divide" will form the next segment of the course. The exchange of personal information for access to "free" networks will then be examined from both an economic and policy perspective. We will conclude by comparing and constrasting various international approaches to the digital economy.
Prerequisites: (ECON 10010 or ECON 10011 or ECON 10091 or ECON 14100 or ECON 14101 or ECON 20010 or ECON 20011) and (ECON 10020 or ECON 10092 or ECON 14022 or ECON 20020 or ECON 24020 or ECON 24021 or ECON 24022)
ECON 30991 Behavioral Economics (3 Credit Hours)
The course examines the psychological underpinnings of economic behaviour and investigates recent theories and empirical findings in behavioural economics. The course enables students to scrutinise economic theory from a behavioural perspective, develop an understanding of how real people actually make decisions and highlight occasions where traditional economics predicts actual choices correctly and instances where it does not. Students will be introduced to recent behavioural theories that have emerged to explain the empirical observations, and will discuss the implications for economics, business and politics.
ECON 32340 Stats for Economics Tutorial (0 Credit Hours)
Tutorial for Statistics for Economics (ECON 30340).
Corequisites: ECON 30340
ECON 32341 Econometrics Tutorial (0 Credit Hours)
Tutorial for Econometrics (ECON 30341).
Corequisites: ECON 30341
ECON 33150 Introduction to Economics and Catholic Thought (3 Credit Hours)
This course is the seminar version of 30150. In this course we will discuss the relationship between economics and Catholic social teaching. We will learn about key principles in Catholic social thought, read key Papal encyclicals and other writings. We will then discuss key economic concepts and empirical facts known from the field of economics, and how these relate to Catholic social teaching. Finally, we will apply these ideas to discussions on labor, capital, finance, the environment, globalization, and development
Prerequisites: ECON 10010 or ECON 10091 or ECON 14100 or ECON 10011 or ECON 20010 or ECON 20011 or ECON 10020 or ECON 10092 or ECON 14022 or ECON 20020 or ECON 14101 or ECON 24020 or ECON 24022
Satisfies the following University Core Requirements: WKCD-Core Cathol & Disciplines, WRIT - Writing Intensive
Enrollment is limited to students with a program in Economics.
ECON 33151 God and the Economy (3 Credit Hours)
Is it possible to understand economic patterns as part of God's plan? Students will read the holy scriptures, Thomas Aquinas, and papal encyclicals, and learn to connect the best theological thinking with the most foundational experiments, empirical research, and principles from the field of economics. The aim is for students to learn to synthesize faith and reason in the study of economic order.
ECON 33250 Justice Seminar (3 Credit Hours)
An examination of major theories of justice, both ancient and modern. Readings include representatives of liberal theorists of right, such as John Rawls, as well as perfectionist alternatives. The course also serves as the core seminar for the philosophy, politics, and economics concentration.
Satisfies the following University Core Requirements: WKIN - Core Integration, WKSP - Core 2nd Philosophy
Enrollment is limited to students with a program in Economics.
ECON 33410 Labor Law (3 Credit Hours)
A study of the development of common and statutory law with reference to industrial relations in the United States with emphasis on the case method.
Prerequisites: (ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011) and (ECON 10020 or ECON 20020)
Satisfies the following University Core Requirements: WRIT - Writing Intensive
ECON 33450 Data Analytics and Economic Evaluation for Social Impact (3 Credit Hours)
Economics and data science are powerful tools that can improve people’s lives. This course will equip you to: (1) describe data, (2) use machine learning to predict the future, (3) establish cause and effect, and (4) address pressing social challenges using economic frameworks. There will be an emphasis on critical thinking – including the strengths and limitations of impact evaluation – and communicating research findings effectively with stakeholders. The course will feature guest speakers from public policy, tech, and economics. Focus areas will include: poverty alleviation, child protection, upward mobility, human-algorithm interaction, sports and culture, and other topics of student interest. Students will develop and present their own research project during the semester. Basic applied statistics background is recommended but can be waived with permission. This course is ideal for students hoping to see the big picture of an economics major, those in other disciplines passionate about the intersection of data analysis and social challenges, and those hoping to gain perspective on high-impact career opportunities.
Satisfies the following University Core Requirements: WRIT - Writing Intensive
ECON 33561 Tax Reform (3 Credit Hours)
Taxes are the instruments that governments use to acquire
resources to pursue their spending activities but increasingly taxes are used
today as an instrument to undertaken activities once viewed as government
spending. Instead of creating a direct spending program to subsidize individuals
who undertake activities the government wishes to promote, individuals who
undertake these activities are provided with a tax preference in the form of a
deduction from their taxable income or a credit for their tax liability. This
course will address the following four primary questions. First, by taking a
historical perspective the course asks how has tax policy evolved so that the tax
code contains so much hidden spending activity? Second, what is the state of
tax policy today - how do we tax ourselves? Third, what is the cost to the
economy of our current tax system? Finally, can we adopt a ‘better' tax code?
What are the current policy options (a national sales tax, a flat tax, an
expenditure tax, or modifications to our current tax system through a series of
base broadening measures and rate reductions) and what is the likelihood that
tax reform will be accomplished?
Prerequisites: (ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011) and (ECON 10020 or ECON 10092 or ECON 20020)
Enrollment is limited to students with a program in Economics.
ECON 33562 Entitlement Reform: Social Security and Medicare (3 Credit Hours)
With an aging population and concerns with the magnitude
of government debt, the future obligations of Social Security and Medicare have
made prompted policy makers to actively consider reforms of these government
entitlement programs. This course will examine the following topics. What is
the economic status of the elderly? How do government programs assist the
elderly (the broad range of assistance from tax preferences and means tested
programs such as food stamps and Supplemental Security Income to the
universal programs such as Social Security and Medicare)? What role do these
government programs play in retirement policy? Are governments too
generous or should the elderly take on greater responsibility for their retirement
years? What reforms are being proposed currently for reform of Social Security
and Medicare?
Prerequisites: ECON 10010 or ECON 10091 or ECON 10011 or ECON 20010 or ECON 20011
Enrollment is limited to students with a major in Economics.
ECON 33580 Sports Economics (3 Credit Hours)
This course is on the economics of sports, and aims to use economic principles, theories, and tools to analyze the organization of the sports industry and sports markets, the activities of professional and amateur athletes, the effects of sports on the broader economy, and strategic behavior in sports settings. Topics include the industrial organization of professional sports leagues, the labor economics and labor markets in both professional and amateur sports, the public economics and politics of the funding of sports, the economic impact of the sports industry, as well as the application of microeconomic theory to strategic decision-making in sports.
Satisfies the following University Core Requirements: WRIT - Writing Intensive
ECON 33805 Health and Education in Developing Countries (3 Credit Hours)
This course focuses on applied micro-economic issues related to health and education in developing countries and gives particular attention to empirical analysis, research methods in program evaluation and writing an original economics research paper. The class alternates between lectures and computer lab work. In lecture, we discuss new ideas or concepts and the assigned readings. The classroom labs help students apply the concepts from readings and lecture to actual data using Stata. The major focus of the topics in the class is human capital – ie. Health and education, particularly in poor settings.
ECON 34277 Law and Economics (3 Credit Hours)
This course will provide a general philosophy for understanding the frameworks of modern regulations, antitrust and public businesses. By introducing the core ideas, rationality, and principles of sub-division of economic law, and its specific embeddedness of Chinese related arguments and practice.
ECON 34916 International Macroeconomics Revisited: Monopolies, Inequalities, and Inter-Country Conflict (3 Credit Hours)
This course introduces students to the economic origins of inter-country conflict within the context of International Macroeconomics. Some background knowledge of economics is an advantage but not required. The course allows students to situate national and global inequalities within the frame of global monopolies and inter-country conflict as a contest for global market share. The units of analysis are countries and global monopolies, and students use simple macroeconomic models to derive the key analytical results before taking these to data. Finally, the course introduces students to the big debates relating to global inequality, tax havens, global imbalances and conflict, the rise of China, economic sanctions, and embargoes, among others. On successful completion, students can obtain and analyse data on global income distribution, critically evaluate standard theories of globalisation, and identify and explain the nexus among monopolies, inequalities within and between countries, and global conflict.
ECON 34955 Undergraduate Research Abroad (3 Credit Hours)
Independent research project guided by faculty mentors abroad and on main campus.
ECON 36950 Directed Readings (1-3 Credit Hours)
This course provides students with an opportunity to explore readings and research as directed by an assigned faculty member in the department. It is offered by arrangement with individual instructors.
ECON 40041 Market Design (3 Credit Hours)
This course studies the theory and practice of market design, with particular focus on auctions, matching mechanisms, and platforms. Using the tools of microeconomics, game theory, and mechanism design, the course examines the operation of markets and the design of effective market rules. Key topics include spectrum and internet auctions, entry-level labor markets, school choice programs, and financial markets, among others.
ECON 40045 Decision Theory (3 Credit Hours)
Decision Theory seeks to model choices made by individual agents and thereby serves as an important foundation for the economic study of human behavior. The goal of this class is to understand core concepts in decision theory, to learn how to interpret empirical data and to discuss both the need for formal models and their shortcomings in capturing important psychological factors. Topics will include the definition of rationality, the equivalence between preference relations and choice rules, the meaning of utility functions, and the role of uncertainty. A special emphasis is put on careful mathematical reasoning and explicitly identifying the underlying assumptions behind commonly used concepts. Interactive components will help students identify ways in which they violate basic assumptions and explore reasons for doing so, as well as ways to overcome easily exploitable choice biases.
Prerequisites: ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 40050 Game Theory and Strategic Analysis (3 Credit Hours)
The objective of this course is to help students develop a good understanding of the basic concepts in game theory and learn how to employ these concepts to better understand strategic interactions. Topics covered will include normal form games, extensive form games, pure and mixed strategies, Nash Equilibrium, subgame perfect equilibrium, repeated games, and introduction to games of incomplete information. Selected applications will include competition and collusion in oligopoly, entry deterrence, political competition and rent seeking, social norms and strategic interaction.
Prerequisites: ECON 30010 or FIN 30210 or FIN 34211 or FIN 34210
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 40060 Applications of Microeconomic Theory (3 Credit Hours)
This course will focus on some selective topics in modern micro economic theory. It may vary from term to term. A possible choice of a broad range of topics are: Choice under uncertainty, Game theory, Market mechanisms, Coalitional analysis, Public goods and Welfare economics. Each of these topics will be discussed with mathematical rigor. Some of the objectives of the course are to familiarize students with important analytical techniques of micro theory and their applications to the study of various economic phenomena and to help students to cultivate the ability to critically evaluate the usefulness and limitations of economic models.
Prerequisites: ECON 30010
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 40100 Economic History (3 Credit Hours)
In this course, students explore history from an economist's point of view. We study broad economic trends such as income growth, well-being, prices and inequality from ancient times through industrialization to today, locally and globally. For example, why did northern Europe and the US pull ahead economically between the 18th and 20th century? Moreover, we will study how history can help us understand and answer important economic questions: What are the economic benefits of large infrastructure investments such as railroads? How does innovation such as the printing press diffuse and what are the economic effects? This course will require students to read research articles and book chapters regularly and participate in discussions about the readings.
ECON 40150 Economic Growth (3 Credit Hours)
What are the drivers of economic growth? Can governments induce it? How does it interact with inequality and climate change? Having these questions in mind, this course has two objectives: The first is to familiarize students with the evolution of debate about economic growth, from the modernization theories of the 1960s to the current policy and academic debate; the second is to develop key quantitative and theoretical tools used in the current discussions about economic growth. This course will cover subtopics related to migration, agricultural development, industrial policy, climate change, and trade liberalization.
ECON 40260 Political Economy of Development (3 Credit Hours)
The course will focus on why and how political institutions affect economic development. The goal is to understand core theoretical concepts in political economy, discuss the political determinants of economic policy choices and learn how to understand and evaluate empirical evidence. The course will use evidence and examples from both developed and developing countries. Topics will include the determinants of economic development, the role of historical circumstances and political leaders, the role of politics in creating or resolving economic crises and the constraints posed by corruption and political instability. Readings for the class will comprise selected academic papers, case studies and sections from books. Class assignments will include problem sets, exams and short paper/book reports.
Prerequisites: ECON 30010
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 40354 Financial Economics (3 Credit Hours)
This course introduces students to the types of securities that exist, the markets in which they trade and the decisions faced by households who demand assets (portfolio theory) and the firm that supply them (corporate finance).
Prerequisites: ECON 30010
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR, International Economics - Rusn or Peace Studies and Sociology.
ECON 40355 Financial Economics and Econometrics Enriching Experience (1 Credit Hour)
Students will attend additional out of classroom enrichment opportunities, such as presentations by outside researches and practitioners. These events will complement the coursework by offering insights into the world of finance and policymaking, and will be natural opportunities for networking and for career advancement.
Course may be repeated.
Enrollment is limited to students with a program in Financl Econmcs Econometrics, Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 40356 Asset Pricing Theory (3 Credit Hours)
This course examines the theoretical foundations of financial asset pricing. Topics include the capital asset pricing model, stochastic discount factors, arbitrage pricing theory, the efficient market hypothesis, and option pricing.
Prerequisites: ECON 40354
Enrollment is limited to students with a program in Financl Econmcs Econometrics.
ECON 40357 Financial Econometrics (3 Credit Hours)
This course introduces students to the types of securities that exist, the markets in which they trade and the decisions faced by households who demand assets (portfolio theory) and the firm that supply them (corporate finance).
Prerequisites: ECON 30331 and ECON 40354
Enrollment is limited to students with a major in Financl Econmcs Econometrics.
ECON 40364 Monetary Theory and Policy (3 Credit Hours)
This course will cover the development of monetary theory and policy with a particular focus on financial crises and the appropriate central bank response. Other topics include the welfare cost of inflation, countercyclical monetary policy, and central bank independence.
Prerequisites: ECON 30020
Enrollment is limited to students with a major in Financl Econmcs Econometrics.
ECON 40402 Poverty and Policy (3 Credit Hours)
The course applies the tools of economic and public policy analysis to the study of poverty. There will be an emphasis throughout on existing research in economics, using theoretical tools and micro-econometric methods, as well as policy examples from a variety of contexts worldwide. The course aims to give students an understanding of the existing epistemological definitions and measurements of poverty; the causes and self-reinforcement mechanisms of deprivation; the prevalence of poverty and severity trends worldwide; existing best practices for poverty reduction, and modern principles of poverty policy design. By the end of the course, students should (i) have an overview of the global trends and characteristics of poverty; (ii) read specialized literature and apply their knowledge of economic theory and econometrics to the design, implementation, and evaluation of poverty policy; and (iii) understand the critical debates in thinking about deprivation at a global scale.
ECON 40410 Future of Labor (3 Credit Hours)
The new wave of technologies, e.g., robotics and AI will have long-lasting impacts on the labor market. Jobs will be displaced, new tasks will be created, different skills will be demanded, and new management practices will emerge. These new technologies may benefit workers unevenly, potentially increasing inequality. At the same time, new demographic challenges driven by aging will have large impacts on labor. How will these forces affect the future of labor and how should we prepare for changes in the labor market? The goal of this course is to provide students with a framework for analyzing how new technologies like robotics and AI will affect the labor market drawing largely from the economics literature. Students will analyze and describe the literature on these topics and understand the different methodologies used in the literature. Ultimately, students will build perspectives on how AI and robotics could affect jobs, occupations, the future of work, income distribution and social institutions. Students will also build perspectives on education, training, and redistribution policies that can help mitigate the labor market disruptions created by technological change. Students will collect and analyze data that can provide insights on the future of labor.
ECON 40415 Power and Inequality in Labor Markets around the World (3 Credit Hours)
This is an advanced undergraduate course in labor economics that will feature theoretical and empirical analysis of labor market policies and institutions in high and low-income countries. We will cover topics ranging from unions, minimum wages, public workfare programs/job guarantees,
international and internal migration, fairness and social preferences, to firms in the labor market among others. The course will start with a theoretical overview of labor markets and an empirical overview of features that distinguish labor markets in high and low-income countries. We will then focus on reading empirical papers in detail drawing on evidence from high and low-income countries for a given topic.
ECON 40500 Causal Inference for Poverty Alleviation (3 Credit Hours)
In this course, students will learn about statistical methods that economists use to evaluate anti-poverty policies. Methods covered will include randomized controlled trials (RCTs), instrumental variables (IV), IV within RCTs, difference-in-differences (DID), and regression discontinuity designs (RDD). For each method, students will (i) be introduced to an example of a poverty-related question that has been studied using the method, (ii) learn the econometric theory supporting the method, and (iii) apply the method to real-world data in Stata/R.
ECON 40502 Advanced Econometrics for Policy & Public Finance (3 Credit Hours)
The course covers the core methods necessary to read and conduct economic research using examples from the Public Finance literature. Students should have a good understanding of statistical inference and linear regression methods to be eligible. The course stresses the practical implementation of various econometric methodologies to analyze longitudinal datasets and "big data." Lectures will provide a comprehensive introduction to Randomized Controlled Trials (RCTs) and survey design, quasi-experimental research designs, non-parametric methods, Maximum Likelihood Estimation (MLE), the Generalized Method of Moments (GMM), time series econometrics, and modern machine learning. The course will also provide a refresher on hypothesis testing and model specification testing. Readings and practical problem sets will be posted each week to provide hands-on numerical experience to students.
ECON 40534 Economics of Climate Change (3 Credit Hours)
Human induced climate change is one of the major problems facing society. Economics provides a powerful intellectual basis for understanding, analyzing and correcting these problems. This course will cover basic science of climate change, the associated market failure and tragedy of the commons, cost-benefit analysis of climate mitigation, computation of the social cost of carbon, empirical research on economic effects of climate change, adaptation, and carbon taxation.
ECON 40541 Public Economics (3 Credit Hours)
This course examines the role of government in the economy. In this course we will apply tools from microeconomics to understand government spending, taxation, and regulation. We will explore important policy questions in areas such as: government transfers (food stamps, housing vouchers etc.), social insurance (unemployment insurance, Medicaid), and income taxation.
Prerequisites: (ECON 30010 or FIN 30210 or FIN 34210) and ECON 30331
ECON 40562 Taxation in a Global Economy (3 Credit Hours)
In this course students will explore the different corporate structures firms adopt to operate in multiple countries. A key focus will be on understanding the economic and institutional factors that influence where multinational firms locate their production, sales, and management activities. Central to these decisions are the tax policies adopted by individual countries and the role of tax havens. Students will also study how tax policies affect the general economic environment in which firms operate by affecting wages, firm investment, and firm value.
Prerequisites: ECON 30010
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 40580 The Economics of Industrial Organization (3 Credit Hours)
This course focuses on the strategic behavior of firms in imperfectly competitive markets. The course will cover the acquisition and use of market power by firms, strategic interactions amongst firms, and the role/effects of government competition policy. There will be a strong emphasis on applying the theoretical tools developed in class to assess markets and issues observed in the world.
Prerequisites: ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 40610 Cities and Economic Geography (3 Credit Hours)
In this course students will explore the economic determinants of the city and the system of cities across space. The key objective of the course is to provide students with a toolbox to think about how space/geography matters for economic activity. For example, why are rents higher in the city center than in the suburbs? Why are average incomes in South Bend lower than in New York? To answer these questions the course combines basic theoretical frameworks with empirical evidence from research in urban economics and economic geography.
ECON 40700 International Economics (3 Credit Hours)
This course introduces core frameworks used to analyze the global economy and international economic policies. We will study the impact of monetary policy and fiscal policy on exchange rates and output, the behavior of current account balances, and the mechanics of fixed exchange rate regimes. We will also explore the microeconomic determinants of international trade, the labor market impacts of globalization, and the goals and instruments of international trade policy. The goal of the course is to equip you with tools to understand the sources and consequences of trade and macroeconomic interdependence, analyze contemporary developments in the world economy, and critically evaluate international economic policies.
Prerequisites: ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211 and ECON 30020
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 40720 International Finance (3 Credit Hours)
This course presents the theory of International Finance and applies it towards gaining an understanding of recent events and current policy issues. The theory presented in this course covers a broad range of topics including exchange rate determination and the choice of exchange rate systems, monetary and fiscal interactions in an open economy, balance of payments crises, and international debt. The insights gained from the theoretical framework will enable us to discuss topics such as current account deficits and global financial imbalances, the Chinese exchange rate regime, proposed changes in the international financial architecture, the single currency in Europe, the Asian and Argentine financial crises, and the role of international factors on a nations employment, wage and economic performance.
Prerequisites: ECON 30020
Students cannot enroll who have a major in Economics.
ECON 40750 Economics of China (3 Credit Hours)
The course will cover aspects of China's economy (international, macro, labor market issues, demographics, migration, and others) since economic reforms were implemented in 1978
Prerequisites: ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211 and ECON 30020 and ECON 30331
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 40850 The Economics of Innovation and Scientific Research (3 Credit Hours)
We will use simple microeconomics principles to understand how and why innovation happens, how innovation is related to basic scientific research, what factors influence the production and diffusion of new ideas, and how government policy can help or hinder innovation. We will also study the relationship between innovation and economic welfare using recent macroeconomic models. Intermediate microeconomics and at least one semester of econometrics are recommended, though not required. There will be two midterms and a final exam, as well as written homework assignments
Prerequisites: (ECON 10010 or ECON 10011 or ECON 20010 or ECON 20011) and (ECON 10020 or ECON 20020)
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 43025 International Macroeconomics (3 Credit Hours)
This is the seminar version of Econ 40025. "This course provides students with an introduction to open-economy macroeconomics. Discussed are theories of trade, exchange rates, business cycles in emerging markets, international financial crises, and sovereign debt. The course is primarily model-based, giving students an analytic framework in which to understand international economic issues. However, current events and policy issues are integrated to give context."
Prerequisites: ECON 30020
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Enrollment is limited to students with a program in Financl Econmcs Econometrics, Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 43070 Applied Macroeconomics (3 Credit Hours)
In Advanced Macroeconomics, the student learns and applies major theories of economic growth, business cycles, unemployment, inflation and monetary policy. The material covers the theories in enough detail to allow for their quantitative application to current and historical macroeconomic problems. All students will write and revise a short policy memo and a longer research paper. For the latter, the student will learn techniques for the collection and organization of archival data.
Satisfies the following University Core Requirements: WRIT - Writing Intensive
ECON 43111 History of Central Banking (3 Credit Hours)
This course explores the origins of central banking and examines how the role of central banks in stabilizing the financial system and key macroeconomic aggregates has evolved over the decades. It discusses how the conduct of monetary policy has changed and what lessons can be learned from historical events such as the Great Depression, the Great Inflation, and the Volcker disinflation, among others.
Satisfies the following University Core Requirements: WRIT - Writing Intensive
ECON 43260 Political Economy of Development (3 Credit Hours)
This is the seminar writing intensive version of 40260. The course will focus on why and how political institutions affect economic development. The goal is to understand core theoretical concepts in political economy, discuss the political determinants of economic policy choices and learn how to understand and evaluate empirical evidence. The course will use evidence and examples from both developed and developing countries. Topics will include the determinants of economic development, the role of historical circumstances and political leaders, the role of politics in creating or resolving economic crises and the constraints posed by corruption and political instability. Readings for the class will comprise selected academic papers, case studies and sections from books.
Prerequisites: ECON 30331
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 43330 Forecasting for Economics and Business (3 Credit Hours)
This course is an introduction to forecasting using time series data. It covers various models and methods to make predictions about the future, quantify uncertainty, and evaluate forecast performance. It is designed for students with some background in econometrics and statistics (at the level of ECON30331), who are interested in forecasting applications in economics, business, and related fields. During the course, students use Matlab to create data-driven forecast reports for a leading macroeconomic series.
Prerequisites: ECON 30331
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 43345 Macroeconomic Expectations (3 Credit Hours)
This course covers the role of expectations in macroeconomics. We will focus specifically on the measurement of these expectations from surveys of professionals, firms, and consumers. Other topics include the use of survey data to characterize economic agents' expectations formation and behavioral response to expectations
Satisfies the following University Core Requirements: WRIT - Writing Intensive
ECON 43400 Advanced Labor Economics (3 Credit Hours)
This class presents a detailed exposition of neoclassical labor market theory and empirical research in labor economics. Students will learn the analytical techniques used in the theory of labor economics; how to apply econometric techniques to analyze public policy; and how to read and critically evaluate academic research in empirical labor economics. Class time will be divided between lectures and discussion. Lectures will concentrate on theoretical topics and econometric methods, while class discussions will focus on empirical studies and policy analysis. Students are expected to be actively involved in class discussions and will have the opportunity to lead class discussions. Each student will complete an empirical project. Topics include labor demand, the minimum wage, unions, employee protection and benefits, labor supply, welfare reform, fertility, human capital, education, immigration, and discrimination.
Satisfies the following University Core Requirements: WRIT - Writing Intensive
ECON 43402 Advanced Topics in Economics of Education (3 Credit Hours)
This seminar course combines economic theory and methods to study the production and delivery of education. We will apply economic principles to understand the rationale for particular education approaches, policies, and programs and use an economic lens to explore their potential impact. We will also learn about applying analytic tools to examine the effects of schooling as well as specific education interventions and reforms. Students will read empirical research and develop skills in being critical consumers of policy arguments and research findings, including substantial in-class discussion. They will also complete problem sets and two in-depth writing assignments with the goals of 1) using economic principles to inform policy debates about education investments, 2) employing evidence to evaluate the impact of education policies and programs, and 3) developing skills in conducting original research on education. Substantive topics will span early childhood education, K-12 schooling, and higher education with a focus on the role of resources, incentives, prices, and markets throughout. The course will explore teacher labor markets and teacher effectiveness, school choice, and accountability, and will include discussion of international contexts.
Prerequisites: (ECON 10010 or ECON 10091 or ECON 10011 or ECON 10020 or ECON 10092 or ECON 20020 or ECON 20010 or ECON 20011) and ECON 30331
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Enrollment is limited to students with a major in Economics.
ECON 43403 Adv Topic Economics Education (3 Credit Hours)
This course combines economic theory and empirical methods to study modern topics in the economics of education. These topics include different types of schooling including pre-kindergarten, k-12 schooling, and higher education. Students will learn economic models of schooling and will read empirical research that informs school policy. Students will practice using these tools in a variety of educational settings and become critical consumers of education policy arguments. Students will also write papers designed to be useful in economic policy debates about schooling.
ECON 43420 The Economics of Inequality (3 Credit Hours)
This course will examine the causes and consequences of economic inequality. Topics covered include conceptual issues in measuring inequality and understanding its consequences for welfare; a comparison of inequality across countries and over time; the role of globalization and technological change in explaining recent increases in inequality in the U.S.; explanations for inequality across groups, including race, gender, childhood socioeconomic status and age; and the role of government in addressing inequality. Students will write a paper evaluating a policy proposal aimed at reducing inequality.
Prerequisites: ECON 30331 and ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Enrollment is limited to students with a major in Economics.
ECON 43501 Charity and Voluntarism (3 Credit Hours)
This class will discuss important issues and topics related to charitable giving and prosocial behavior. Topics may include fundraising, charitable donations, voluntarism, and religious activity. Students will learn about economic models and methods currently being used to study these topics.
Students will also be expected to produce written works exploring these topics.
Satisfies the following University Core Requirements: WRIT - Writing Intensive
ECON 43550 Economics of the Family (3 Credit Hours)
This course will use economic theory and empirical economic research to study the family. Topics will include household decision making; the determinants of marriage and fertility; how marriage, fertility, and family structure are related to other outcomes; and public policies that affect the family and family formation. Students will learn to read and evaluate empirical economic research. This is a writing-intensive seminar course.
Prerequisites: ECON 30331
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Enrollment is limited to students with a program in Economics.
ECON 43565 Health Economics (3 Credit Hours)
The course is designed to illustrate how economists analyze topics related to the production of health and the delivery of health care in the United States. Topics covered include the social and economic determinants of health, the economic control of unhealthy behavior, economic consequences of the AIDS epidemic, using economics ot explain the rise of obesity, economic models of insurance, the problems of moral haszard and adverse selection, the economic impact of employer-provided health insurance. Medicare and Medicaid, the problem of the unisured, medical technology and the pharmaceutical industry, the malpractice system, and the rise of managed care. Readings for the class will come from a required textbook and academic readings downloadable from the class web page. Class assignments will include problem sets, exams and short policy memos.
Prerequisites: ECON 30331 or (ECON 30010 or FIN 30210 or FIN 34211 or FIN 34210)
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Enrollment is limited to students with a major in Economics.
ECON 43570 Economics and the Seven Deadly Sins (3 Credit Hours)
Through the centuries, Catholic theologians have identified seven deadly sins: pride, envy, anger, sloth, avarice, gluttony and lust. These sins are considered "deadly" as they kill the soul. In this class, using the tools of modern economic analysis, we will consider how academics have examined the economic cause, consequence, and control of these sins. The course will be built around a series of academic readings and a special emphasis will be placed on how economists produce formal empirical tests of economic hypotheses. Each section will begin with a writing by a Catholic theologian that outlines the nature of the sin. Examples of topics covered in the class will be: the terrible levels of gun violence in the US (anger), the twin problems of obesity and drugs in the US (gluttony), how corruption negatively impacts economic growth (avarice), the growing ranks of idle young men in the US (sloth), markets for human trafficking (lust), the health consequences of economic inequality (envy), and the persistence differences in self-perceived ability across sexes (pride). This is a writing intensive course where students have to produce an original piece of research that asks and answers an empirical question of interest to economists within the broad subject matter.
Prerequisites: ECON 30010
Satisfies the following University Core Requirements: WRIT - Writing Intensive
ECON 43770 Economics of European Integration (3 Credit Hours)
This course combines micro- and macro-economic tools with European history, institutions, law, politics, and policies to provide a clear and in-depth analysis of international economic integration. We will examine the principles of markets integration (preferential trade liberalization, scale and growth effects, labor, and migration) and monetary integration (currency areas). The goal of the course is not only to understand the current status of (dis)integration within the European Union but to provide students with the essential economic toolkit to interpret the contemporary evolution and policies of our integrated economy.
ECON 43810 Explaining an Unequal World: Empirical Methods in Development (3 Credit Hours)
This is an advanced undergraduate economics course that will provide a broad introduction to development economics, with an emphasis on the application of modern econometric techniques to questions in development. This course will survey recent literature that examines the factors that explain poverty in the developing world. In particular, we will consider the relative roles of government failures, market failures, history, geography, culture and technology among others. This course will briefly survey 'classic' theories in development and then focus on understanding recent journal articles in detail. We will explore these questions primarily from a microeconomic perspective, paying careful attention to understanding, evaluating and applying econometric techniques. The goal of this course is to introduce students to modern research in development economics and produce an original empirical research paper
Prerequisites: ECON 30331 and ECON 30010 or FIN 30210 or FIN 34210 or FIN 34211
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Enrollment is limited to students with a program in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 43962 Senior Honors Workshop (3 Credit Hours)
This seminar provides instructional support for economics majors completing the undergraduate economics honors program. It also provides a venue where honors program students present progress reports on their senor honors essays to their peers at regular intervals.
Satisfies the following University Core Requirements: WRIT - Writing Intensive
ECON 47950 Independent Laboratory Research (1-3 Credit Hours)
Independent study under the direction of a faculty member. Course requirements may include substantial writing as determined by the director. The director will disenroll a student early for failure to meet course requirements. Students who have been disenrolled or who have failed at the end of the first semester are disqualified for Special Studies in the following term.
Prerequisites: ECON 30010 or ECON 30020 or ECON 30331
Course may be repeated.
ECON 47960 Senior Honors Essay (3 Credit Hours)
A tutorial requiring a completed essay on a selected topic in economics in depth. The faculty of economics awards the John Harold Sheehan Prize Essay Award with inscribed plaque to the graduating senior who has written the best senior honors essay. Senior economics majors only.
Course may be repeated.
ECON 47970 Senior Thesis (3 Credit Hours)
A tutorial requiring a completed essay on a selected topic in Economics in depth. Senior economics majors only.
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Course may be repeated.
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 48100 Senior Research Project (3 Credit Hours)
The Senior Research Project is a required course for all International Economics majors. Students will produce a high quality research paper combining their language and culture studies with economics. Students will learn about research methods and writing. Instructive feedback and guidance will be provided by the professor throughout the research and writing process.
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Enrollment is limited to students with a major in Economics, Internatnl Economics - Arabic, Internatnl Econmics - Chinese, International Economics - Grmn, Internatnl Econmics - Japanese, International Economics - LLR or International Economics - Rusn.
ECON 48600 Senior Honors Thesis (3 Credit Hours)
A tutorial requiring a completed thesis on a selected topic in economics. The faculty of economics awards the John Harold Sheehan Prize to the graduating senior who has written the best senior honors thesis. Senior economics majors only.
Satisfies the following University Core Requirements: WRIT - Writing Intensive
Course may be repeated.