Undergraduate Women 1999-2000
ECONOMICS (ECO)
Back to course index | Back to main index
Major: Stern College
ECO 1011, 1021, 1101, 1201 (or 1221); STA 1021; 15 additional credits in ECO courses.
Finance 1408 and up to 6 additional credits in courses in the Sy Syms School may count
toward the major. Students planning graduate study in economics are advised to take ECO
1421 and MAT 1412, 1413.
Minor: Stern College
18 credits including ECO 1011, 1021.
1011 Introductory Macroeconomics. 3 credits.
Introduction to the role of the price system in various economic systems; rudiments of
supply and demand, theory and applications; role of government in the modern capitalist
economy; national income accounting and theory; monetary and fiscal policy; public debt;
inflation, unemployment, theory of international trade.
1021
Introductory Microeconomics. 3 credits.
Elementary theory of demand and the firm; consumer behavior; market structure,
input theory, distribution of income, theory
and policy; balance of payments, foreign exchange theory and international institutions
for international trade.
1101
Intermediate Microeconomics. 3 credits.
Theory of elasticity; indifference curves and applications; cost of production; output markets; externalities; input
markets; linear programming; optimization theory with use of calculus.
Prerequisite: ECO 1021.
1170
Contemporary Microeconomic Issues. 3 credits.
Use of economic tools to explore issues of public policy and private decision making. Topics vary by term but may
include: uncertainty and information in economics, crime, government regulation of
business, education, charity, immigration, contracts, discrimination, medical care, transportation, congestion, geographic location,
income distribution.
Prerequisite: ECO 1021.
1201
Intermediate Macroeconomics. 3 credits.
National income accounting; national income determination models; consumption functions;
investment theory; business cycle theory; stabilization policy; LM-IS-BP analysis;
Aggregate Demand and Aggregate Supply analysis; national expectations theory; economic
growth and development theories.
Prerequisite: ECO 1011.
1221
Money and Banking. 3 credits.
Nature of money; organization and functioning of the commercial banking system;
description of financial markets and financial institutions; hedging instruments; Federal Reserve System and financial intermediaries;
national income determination models; inflation; LM-IS-BP analysis; role of money in
international finance.
Prerequisite: ECO 1011.
1301
History of Economic Thought. 3 credits.
Ancient and medieval economic thought; mercantilists and physiocrats; classical
and neoclassical schools; institutional school; Keynesian economics.
Prerequisite: ECO 1021.
1421
Econometrics. 3 credits.
The application of regression techniques to the problem of testing and forecasting in
economics; the two-variable regression model is fully developed; analysis is extended to
consider the multivariate model, functional form issues, dummy variables, and distribution
lag models; problems associated with autocorrelation; system models.
Prerequisite: ECO 1011, STA 1021.
1501
Public Finance. 3 credits.
Social balance, personal and corporate income taxes; sales and property taxes; current
economic thought on taxation and public debt, expenditure analysis, energy,
transportation, housing, education, pollution control,
poverty, and quotas; externalities, public goods, public choice.
Prerequisite: ECO 1011, 1021.
1701
International Economics. 3 credits.
The theory of international trade, international finance, commercial policy, balance of
payments, the foreign exchange market, competitiveness in the global economy,
international macroeconomics, and foreign direct
investment. Emphasis is placed on the determinants and effects of international
linkages, including the roles of consumers, firms, and government policies, in the context of the international
economic environment.
Prerequisite: ECO 1011, 1021.
2005
Economics of the Law. 3 credits.
The relationship of legal institutions and laws to economic efficiency and social goals,
such as justice; economics of property rights, environmental control, administrative
processes, contracts, and liability; public utility and antitrust regulation; individual
rights and discrimination.
Prerequisite: ECO 1011.
2201
Labor Economics. 3 credits.
Labor's place in the American economy; factors affecting supply and demand for labor; wage
determination; unionism as a response to labor problems; industrial relations; public
policy toward labor.
Prerequisite: ECO 1021.
(2330 Economics of Energy)
2401
Industrial Organization. 3 credits.
The application of microeconomic theory to industrial markets. Such areas as structure of
the American economy, motivation of the firm, identification and measurement of monopoly
power, oligopolistic behavior, patents, concentration, and government regulation are considered.
Prerequisite: ECO 1011, 1021.
2531
Health Economics. 3 credits.
Application of economic tools and concepts to the analysis of the health care field.
Effects of health care on health, hospital behavior,
health work-force supply, demand for health
care. Role of demographic changes in health care system. Methodology employed by
economists to determine the economic losses suffered in cases involving death and
disability. Emphasis on the United States and its current situation. Comparison with other
countries.
Prerequisite: ECO 1011, 1021.
2701
Managerial Economics. 3 credits.
Analysis of the firm’s decisions regarding prices, output and input, advertising,
etc., under various market conditions; applications to production, financial, and
marketing operations. Attention given to the formulation of economic models to analyze
management problems.
Prerequisite: ECO 1011, 1021.
3006
Economics and Ethical Issues. 3 credits.
Comparison
of the economic efficiency
and Jewish law approaches to business ethics; advertising and promotional activities;
business pricing policies; labor relations; fair competition; government regulation of the
economy; social welfare; speculation.
3501
Economics of the Middle East. 3 credits.
Economic growth of Israel until the Yom Kippur War; stagnancy and inflation since
1974; new economic policies since 1985; Middle East oil, OPEC, and the economies of Saudi
Arabia, Egypt, Jordan, and Syria.
Prerequisite: ECO 1011.
(3511 The Economy of Israel )
4901,
4902 Independent Study
See Academic Regulations section.
4911,
4912 Honors
See Academic Regulations section.