King's College - Economics

Course Descriptions

Course Descriptions

CORE 153 — Principles of Economics: Macro (3)

Macro-Economics: the theory of national income, aggregate demand, and the level of employment; money and banking; and government fiscal policy.

ECON 112 — Principles of Economics: Micro (3)

Micro-economic principles: the theory of price under various market conditions; the economic function of government; elements of international economics.

ECON 221 — Quantitative Methods for Business and Economics I (3)

An introduction to statistical and mathematical methods used in business fields and economics. Topics include basic statistical concepts, sampling, probability, basic statisti­cal distributions, estimation, hypothesis testing, and introduction to regression analysis.

ECON 222 — Quantitative Methods for Business and Economics II (3)

Topics include matrix theory, multiple regression analysis, logistic regression, time series analysis, analysis of variance, nonparametric methods, quality control, and linear program­ming. Prerequisite: ECON 221.

ECON 353 — Money, Banking, and Financial Institutions (3)

The nature of money and monetary standards, commercial banking, the money market and financial institutions, central banking, monetary policy, and an introduction to monetary theory. This course will also examine the impact of inflation and regulation on financial institutions and markets. Prerequisite: CORE 153.

ECON 355 — History of Economic Analysis (3)

The contributions of outstanding economists from antiquity to Keynes and the origin and development of the doctrines of the principal schools of economics. While consideration is given to the historical and philosophical background, the emphasis is on the develop­ment of theoretical concepts. Prerequisites: CORE 153 and ECON 112. Alternate years: offered 2011-2012.

ECON 356 — Economic Development and International Geography (3)

Issues in development — population, land usage, transportation, industrialization, and natural resources — examined in various regions of the world. Particular consideration is given to the way in which a country’s geography affects its economic development.

ECON 357 — Labor Economics (3)

Wage and productivity theory, the historic development of institutions that influence the level of wages and employment, collective bargaining, and labor and social legislation. Prerequisite: ECON 112.

ECON 358 — International Economics (3)

The development of the theory of international specialization and trade, the questions of free trade and protectionism, an analysis of foreign exchange rates and balance of pay­ments with an appraisal of international financial institutions. Prerequisites: CORE 153 or ECON 112. offered spring semesters

ECON 359 — Industrial Organization and Public Policy (3)

American anti-trust laws and their relation to economic theory, the problems of enforce­ment, and an investigation of government policy and regulation for various types of business, such as public utilities. Prerequisite: ECON 112.

ECON 360 — Comparative Economic Systems (3)

Analysis of the institutional structure of each type of economy and the ways in which basic economic principles work through such structures to produce economic results. Prerequisite: CORE 153 or ECON 112.  Offered Summer, 2014.

ECON 371 — Intermediate Micro-Economic Theory (3)

Price Theory: utility and demand theory; the principles of production and nature of costs for the firm; pricing and output under various market conditions; the determination of factor prices. Prerequisite: ECON 112. Offered in even year fall semesters.

ECON 372 — Intermediate Macro-Economic Theory (3)

Economic aggregates that determine the level of national income and employment: the interrelationship of aggregate demand, interest rates, wages, output and the price level. Prerequisite: CORE 153. Offered in odd year spring semesters.

ECON 373 — Public Economics (3)

Public revenues, the tax system and tax incidence, and public expenditures. Particular problems of state and local finance are also given consideration. Prerequisites: CORE 153 and ECON 112. Offered in odd year spring semesters.

ECON 493 — Women, Poverty, and the Environment (3)

Examines the contributions and experiences of women as economic actors and some of the common difficulties facing women in fulfilling their economic obligations in various parts of the world. Also analyzes conditions and causes of global poverty. A third component explores the effect of current economic structures on the environment as well as economic approaches to environmental issues. Prerequisites: CORE 153 or ECON 112. Offered occasionally. Cross-listed as INST 493 and WMST 493.

ECON 497 — Independent Study in Economics (3)

Advanced projects in a specialized area of Economics under the supervision of an Economics faculty member. Senior status required; open to juniors with permission of De­partment Chairperson.

ECON 499 — Internship in Economics (3)

An option for juniors and seniors to apply economic concepts learned from intermediate theory and economic elective courses. It should be an extension of a required or economic elective course, and should not be a substitute. Knowledge gained from the experience must be demonstrated by periodic reports to the faculty coordinator and through an ap­propriate project or paper.

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