New course in the subject of economics.

Guides students in the use and interpretation of economic data, focusing on the most common issues that arise in using economic data, and the methodology for solving these problems. Prerequisite: STAT 2120, STAT 3120, APMA 3110, or APMA 3120

The course will use classroom simulations and lab reports to help students discover insights about economic behavior and policies. Each weekly topic is structured around an important economic principle, which is presented in the context of an "experiment" involving a sequence of decisions in a simulated game or market. After participating in the simulation, students complete a lab report.

Analyzes the theory of strategically interdependent decision making, with applications to auctions, bargaining, oligopoly, signaling, and strategic voting. Prerequisite: ECON 3010 or 3110, and STAT 2120 or equivalent

Studies market structure, firm strategy, and market performance. Topics include strategic interactions among firms, as well as business practices such as mergers and acquisitions, price discrimination, advertising, product selection, innovation, vertical restraints, cartels, and exclusionary conduct. Prerequisite: ECON 3010 or 3110.

Studies fixed and floating exchange rate systems. Topics include determinants of a nation's balance of international payments; macroeconomic interdependence of nations under various exchange-rate regimes and its implications for domestic stabilization policies; and the international coordination of monetary and stabilization policies. Prerequisite: ECON 3020.

Studies the justifications for government activities, the design of programs consistent with these justifications, the effects of major existing and proposed expenditure programs and taxes, and positive and normative analyses of political systems. Prerequisite: ECON 3010 or 3110.

Studies the theory and operation of financial markets and the role of financial assets and institutions in the economic decisions of individuals, firms, and governments. Prerequisite: ECON 3010 or 3110, 3030, and STAT 2120 or equivalent. .

Study the role and the importance of the financial system in the global economy. Construct general equilibrium models that encompass the financial markets as well as the rest of the economy. These models will be used to understand the recent subprime crisis, the European sovereign debt crisis, and many market phenomena such as extreme volatility and contagion. Prerequisites: ECON 3010 or 3110 (ECON 3020 is recommended).

Comparative study of the historical development of selected advanced economies (e.g., the United States, England, Japan, continental Europe). The nations covered vary with instructor. Prerequisite: ECON 3020, or ECON 2010 and 2020 and instructor permission.