100 Introduction to Economics (CSI) Survey of microeconomic and macroeconomic principles. Includes analysis of individual and public sector behavior in product and resource markets and surveys applied areas. Also explores the performance of the entire economy with an emphasis on economic growth, employment and inflation. Offered each semester. 227 Statistics for Business and Economics An introduction to the use of statistics. Topics include summary statistics, introductory probability, estimation, hypothesis testing, regression, and time series analysis. Students may not receive credit toward graduation for both this course (required for the major) or Psychology 227. Offered each semester. 230 Seminar on Applied Research in Labor Economics A practical introduction to the process of doing empirical research in labor economics. Seminar participants select a research topic, review related literature, develop an empirical model, and test hypotheses. The end result of the guided research project is an original research paper that is presented to seminar participants. Prerequisites: 100 and 227. Offered occasionally in May Term. 240 Game Theory Goes to the Movies Game theory is the science of strategic thinking. Through films, readings and discussion students are introduced to basic tools which will help them develop an understanding of the decisions made by individuals in interactive situations. Topics addressed include sequential rationality, the prisoner’s dilemma, credible commitment, brinkmanship, bargaining, and voting. Prerequisite: 100. Offered occasionally in May Term. 270 Special Topics Specialized applications of economic theory. May be taken for credit more than once if the topics differ. Prerequisite: 100. Offered occasionally. 301 Intermediate Microeconomics Neoclassical analysis of the behavior of households and firms, the determination of prices, and the allocation of resources in a market economy. Prerequisite: 100. Offered each semester. 302 Intermediate Macroeconomics Analysis of the overall performance of an economy with emphasis on the effects of monetary and fiscal policy. Topics include unemployment, inflation, long-run economic growth, and business cycle stabilization. Prerequisite: 100. Offered each semester. 311 Money and Banking Analysis of the pricing of bonds and financial derivatives, banking theory and operation, monetary theory, and the role of banks in the economy at the national and international level. Includes the study of public policy related to bank activity and to economic stability. Prerequisite: 100. Offered each fall. 314 Industrial Organization and Public Policy Study of markets dominated by a few large firms. Examines firms’ strategic behavior and market performance related to pricing, profitability, advertising, innovation, and predatory conduct. Prerequisite: 100. 328 Applied Econometrics Methods for quantitative research in economics. Topics include the formulation of an empirical model; estimation and hypothesis testing; and violations of the classical regression model. Prerequisites: 100 and 227. Offered annually. 329 Labor Economics A study of economic aspects of labor markets. Topics include labor demand and supply, investments in education and training, labor market discrimination, unemployment, and labor unions. Prerequisite: 100. 338 Time Series Analysis Methods for quantitative research in economics. Topics include data compilation and management; stochastic processes; stationarity; trends and de-trending; testing for unit roots; least squares estimation of time series models; and basic estimation of cointegrated vectors. Prerequisites: 100 and 227. Offered each spring. 351 International Trade The economic factors that induce countries to engage in international trade are examined, along with the various challenges facing the international trading system. Gains from trade, comparative advantage, international factor movements, and trade policy are among the principal topics addressed. International
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