Page 54 of Eckerd College Academic Course Catalog by Eckerd College

52 Economics EC 371 Economics of Labor Markets The role of labor in the economic system. Division of labor, job segregation, wage theory, relationship among work, family, household production. Prerequisite: EC 281S. EC 380 Public Choice Theory of public decision making. Living in community, origins and appropriate roles of the state, justice in the behavior of the state. Models of voting behavior through simulation. Prerequisite: EC 281S or permission of instructor. EC 381 Intermediate Microeconomics Continuation of EC 281S. Theoretical basis for consumer demand, firm production and costs, pricing and output decisions of firms within market structures. Algebraic and graphical models. Explore empirical techniques for estimating demand. Prerequisite: EC 281S. EC 382 Intermediate Macroeconomics Continuation of EC 282S. Determinants of aggregate demand and supply, using dynamic and static models of analysis. How to use an understanding of economic analysis to achieve policy objectives and understand trade-offs. Prerequisites: EC 282S and EC 260M. EC 383 Marine Resource Policy Applied course exploring global issues surrounding regulation of marine resource use. The role of economic theory in development of marine resource policy. Prerequisites: EC 281S or EC 282S, and EC 260M. EC 384 Managerial Economics Applied economic theory, mathematics and statistics in business decision making. Optimization techniques under conditions of uncertainty. Selecting the best solutions to business problems.. Prerequisites: EC 281S and EC 260M. EC 385 Comparative Economic Systems Non-capitalistic and capitalistic economies compared to show how different institutional arrangements lead to different ways of making economic decisions. Former Soviet Union, Eastern European nations, Peoples Republic of China included. Prerequisite: EC 281S or 282S. EC 386 Money, Banking, Financial Institutions (Cross-listed with MN 386) History and development of monetary system and financial structure. Money creation and influence on macroeconomic activity. Monetary policy implications of regulatory agencies. Prerequisite: EC 282S. EC 387 Urban Economics Urban growth and decay, location decisions, land use. Transportation, crime, housing, discrimination and segregation, and the urban financial crisis. Prerequisite: EC 281S. EC 388 Economic Development Factors shaping development, underdevelopment of Africa, Asia, Latin America. Also social, political aspects of economic development. Land reform, nature management, appropriate technologies, industrialization, rural-urban migration, foreign investment, aid, trade. Prerequisites: EC 218S or 282S. EC 389 Natural Resource Environmental Economy Role of economic theory in analyzing and evaluating natural resource and environmental policy issues. Developing models of optimal use of resources: land, water, energy, their development, allocation, pricing. Prerequisite: EC 281S. EC 410 History of Economic Thought Senior seminar for economic majors. Economic ideas as developed and expounded by Western economists. The teachings of the mercantilists, physiocrats, Adam Smith, Malthus, Ricardo, Mill, Marx, Marshall, German and American schools of thought. EC 460 Econometrics Introduction to applied econometrics including analysis of dummy variables, violations of classical assumptions. Prerequisites: Junior or Senior standing and permission of instructor. EC 480 International Economy: Foreign Exchange Theory, currency markets, balance of payments, government macrostabilization policies and exchange rate systems. Bretton Woods, European Monetary System, G5 negotiations, LDC debt, Mexican/Asian crises, international monetary reform. Prerequisites: EC 282S. EC 481 International Economics: Trade Theory, government policies, free trade, protectionism, U.S. commercial policy, GATT talks, US-Japan-EEC trade issues, developing countries, solutions for international trade problems. Prerequisite: EC 281S. EC 488 International Economics International trade, finance theory and policy. Balance of international payments, exchange rate adjustments, nature of gains from trade, U.S. commercial policy. Prerequisites: EC 281S and 282S and permission of instructor.

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