0858. The American Economy (3 s.h.) Core: AC.

(Formerly: GE-US 1073.)

Should the federal government more forcefully engage health care issues, or are its current obligations a hidden time bomb facing the federal budget? Should we be concerned about the outsourcing of U.S. jobs? Is the minimum wage too low, or will increases in the minimum simply lead to greater unemployment? Students will engage these and other pressing issues, write position papers advocating specific actions that governments or firms should take, and debate these recommendations. While economic theory is not the centerpiece of this course, students will learn enough economic theory to be able to discuss policy in an informed manner. They will also be introduced to important sources of “economic” information, from government websites to major publications.

Note: This General Education `United States Society` pilot course fulfills the Core American Culture (AC) requirement.

1001. Introduction to the Economy (3 s.h.) F S. Core: IN.

(Formerly: ECON C050.)

Discussion of what economics is all about. Provides an overview of how a market economy operates, what it does well, what it may not do so well, and what could be done instead. The concepts of economic analysis are developed and applied to discussing some of the current economic problems the world is facing.

Note: This course is designated for students who are not business or economics majors. Students planning to take 2000, 3000 or 4000 level economics courses may have to take Economics 1101 or 1102 in addition to Economics 1001. Look at prerequisites for a particular course to see if 1101 or 1102 is specified.

1004. Economic Principles for Education Majors (3 s.h.) S.

(Formerly: ECON 0054.)

Prerequisite: Knowledge of elementary algebra.

A one-semester introductory course in both macro- and microeconomics for education majors. Topics include: scarcity, the market system, supply and demand, competition, business cycles, inflation, unemployment, international economics, and government policy. Methods for teaching economics to primary and secondary students will also be covered.

Note: Not to be taken for credit by Fox School of Business and Management students.

1101. Macroeconomic Principles (3 s.h.) F S. Core: IN.

(Formerly: ECON C051.)

Prerequisite: Knowledge of elementary algebra.

An introductory course in macroeconomics. Topics include business cycles, inflation, unemployment, banking, monetary and fiscal policy, international economics, and economic growth.

Note: Economics 1101 and 1102 may be taken in any order.

1102. Microeconomic Principles (3 s.h.) F S SS. Core: IN.

(Formerly: ECON C052.)

Prerequisite: Knowledge of elementary algebra.

An introductory course in microeconomics. Topics include the market system, supply and demand, cost, competition, monopoly, oligopoly, factor markets, and public goods.

Note: Economics 1101 and 1102 may be taken in any order.

1103. Global Economics Issues (3 s.h.) F S SS. Core: IS.

(Formerly: ECON C055.)

Prerequisite: Knowledge of elementary algebra.

Examines the global context in which the United States economy functions. Basic economic concepts are used to study economic growth, persistence of underdevelopment, differing economic systems, and the interdependence of nations in the world economy. Special topics that may be investigated include the debt crisis, protectionism, the role of multinational corporations, and the gap between rich and poor nations.

Note: May not be taken as a substitute for Economics 1101, 1102, 1901, or 1902

1901. Honors Macroeconomic Principles (3 s.h.) F S. Core: IN.

(Formerly: ECON H091.)

Prerequisite: Knowledge of elementary algebra.

An introductory course in macroeconomics. Topics include business cycles, inflation, unemployment, banking, monetary and fiscal policy, international economics, and economic growth.

Note: 1901 is the honors course. It usually requires additional reading and writing assignments.

1902. Honors Microeconomic Principles (3 s.h.) F S SS. Core: IN.

(Formerly: ECON H092.)

Prerequisite: Knowledge of elementary algebra.

An introductory course in microeconomics. Topics include the market system, supply and demand, cost, competition, monopoly, oligopoly, factor markets, and public goods.

3501. Intermediate Microeconomic Analysis (3 s.h.) F S SS.

(Formerly: ECON 0201.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

An intermediate treatment of microeconomic theory and applications. Topics include consumer behavior, production, costs, perfect competition, imperfect competition, factor markets, public goods, and market failure.

Note: This theory course is designed for economics, finance, and actuarial science majors with analytic skills. It is required for all Economics majors. It is not recommended for non-majors who earned less than B- in Economics 1101 or 1102.

3502. Intermediate Macroeconomic Analysis (3 s.h.) F S SS.

(Formerly: ECON 0202.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

An intermediate treatment of macroeconomic theory and policy. Following a discussion of the important macroeconomic sectors, static and dynamic macroeconomic models are developed. Unemployment, inflation, business cycles, monetary and fiscal policy, economic growth, and the balance of payments are then analyzed using these models.

Note: This theory course is designed for economics, finance, and actuarial science majors with analytic skills. It is required for all Economics majors. Not recommended for non-majors who earned less than B- in Economics 1101 or 1102.

3503. Introduction to Econometrics (3 s.h.) F S.

(Formerly: ECON 0241.)

Prerequisite: Economics 1101 (C051) and 1102 (C052), and Statistics 2102 (0022); or permission of instructor.

Introduction to the theory and practice of econometrics. Topics include a review of basic statistics, simple regression, multiple regression, dummy variables, autocorrelation, heteroscedasticity, and model specification. Applications in economics are stressed. Problem sets, computer estimation of economic relationships, and a data analysis paper are required. This course is strongly recommended for Economics majors.

Note: Not recommended for non-majors who earned less than B- in Economics 1101 or 1102.

3504. Mathematical Economics (3 s.h.) S.

(Formerly: ECON 0240.)

Prerequisite: Economics 1101 (C051), Economics 1102 (C052), and any one of the following: Statisitcs 1102 (C012), Math 1031 (C077), Math C075 (taken prior to Summer 2007 session) or Math 1041 (C085); or permission of instructor.

Elements of set theory, calculus, and matrix algebra are presented and used to analyze mathematical models from economic theory, econometrics, management science, and statistics. This course is strongly recommended for Economics majors.

3505. Monetary Theory and Policy (3 s.h.)

(Formerly: ECON 0245.)

Prerequisite: Finance 3011 (0101), Economics 3502 (0202), or permission of instructor.

Examines the role of money in open and closed economies. Topics include money demand and supply, the role of money in equilibrium macroeconomic models, and monetary policy.

3506. Energy, Ecology, and Economy (3 s.h.) F S.

(Formerly: ECON 0255.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

After surveying the elements of energy and ecology, and reviewing the basics of economics, this course investigates the interaction of the three. Each of the major nonrenewable and renewable energy sources is examined in light of its `eco-feasibility`. The potential of energy conservation is examined, and the need for energy/environmental/economic (3-E) policy is debated. Some speculations about future 3-E scenarios are offered, as the U.S. and the rest of the world face their energy, ecological, and economic problems.

3507. Health Economics (3 s.h.) F S.

(Formerly: ECON 0262.)

Prerequisite: Economics 1102 (C052); or permission of instructor.

Problems of efficient production and the equitable distribution of health-related services. Policy-oriented material with comprehensive review of standard microeconomic theory in the context of supplier-dependent consumer decisions, third-party payers, and not-for-profit producers.

3511. The Economics and Management of Privatization (3 s.h.) F S.

(Formerly: ECON 0244.)

Prerequisite: Economics 1102 (C052); or permission of instructor.

This course introduces students to the new trend of shifting delivery of services and responsibilities from governments and non-profit organizations to the private sector. It includes North American and international experiences. This course provides public economics theoretical models, as well as description and evaluation of experiences in the fields of justice, transportation, education, health, and welfare. The course will further suggest models of the privatization process.

3512. Public Finance (3 s.h.)

(Formerly: ECON 0246.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

An overview of the economics of the public sector. Topics include the theories of public goods and optimal (efficient and equitable) taxation, public expenditures, revenues, and tax incidence.

3513. Economics of State and Local Governments (3 s.h.)

(Formerly: ECON 0248.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

Economic problems confronting state and local governments. Topics include intergovernmental relationships, the response of state and local governments to problems of urbanization, and the impact of state and local taxes and expenditures.

3521. Economics of Risk and Uncertainty (3 s.h.) F S.

(Formerly: ECON 0203.)

Prerequisite: Economics 1102 (C052), Statistics 1001 (C011) and 2102 (0022); or permission of the instructor.

This course introduces students to the issues of risk and uncertainty that have become a standard part of microeconomic analysis and applied economics: expected utility theory and its criticism, applications of expected utility theory and economic and game-theoretic equilibrium analysis to insurance economics, incentives (moral hazard and adverse selection), and economic organization (theory of contracts).

3531. History of Economic Theory (3 s.h.)

(Formerly: ECON 0217.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

The development of economic analysis from the pre-classical period to the neo-classical tradition that dominates contemporary mainstream economic thinking; emphasis on the work of Adam Smith, Malthus, Ricardo, the Marginalists, Marx, and Marshall.

3535. Public Control of Business: Antitrust (3 s.h.) S.

(Formerly: ECON 0279.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

An overview of U.S. antitrust policy as applied to monopoly, mergers, price discrimination, tying agreements, and patents. Includes analysis of antitrust issues in law, medicine, and professional sports. The relative merits of government ownership, regulation, and antitrust policy are examined.

3536. Economics of American Industry (3 s.h.) F.

(Formerly: ECON 0282.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

Examines the competitive and monopolistic features of American industry and their effect on product prices and quality, the distribution of income, the rate of technological progress, and, among others, the efficient utilization of scarce resources, and economic rationale for the antitrust laws.

3538. Managerial Economics (3 s.h.) F S.

(Formerly: ECON 0287.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

The application of microeconomic principles to business planning and decision-making. Topics include demand estimation, cost analysis, and production planning.

3541. The Economics of Sports (3 s.h.) F.

(Formerly: ECON 0265.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or Economics 1001 (C050); or permission of instructor.

This course introduces students to a variety of economic disciplines through the prism of professional and amateur sports. Students confront industrial organization and anti-trust issues involving sports leagues, public finance issues involving the relationship between cities and franchises, and labor issues involving reward systems, unions and discrimination. The course concludes with an analysis of collegiate sports and the NCAA.

3542. Economics of the Arts and Culture (3 s.h.) S.

(Formerly: ECON 0266.)

Prerequisite: Economics 1102 (C052); or permission of instructor.

This course provides an overview of the microeconomic issues faced by the cultural sector of society. The fine arts, performing arts, book publishing, and film industries receive specific attention. At the end of the course, the successful student will have acquired a sense of how art and culture fit in the economy, what are the basic economic issues faced by artists, and how the perceived value of art and culture affects public support for the arts.

3543. Law and Economics (3 s.h.)

(Formerly: ECON 0267.)

Prerequisite: Economics 1102 (C052); or permission of instructor.

This course provides an introduction to the economic analysis of law. The course employs microeconomics to develop a behavioral model of response to legal rules. Topics covered include the common laws of property, contract, and tort as well as an extended discussion of intellectual property.

3544. Computer-Based Modeling (3 s.h.) F S.

(Formerly: ECON 0283.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

Students access a variety of economic models established on the University computing system. The models are used in problem-solving to reinforce economic concepts and to gain experience in the conduct of applied economics. Evaluating the consequences of government policies using cost/benefit analysis is emphasized.

Note: No prior experience with computers or computer programming is required.

3545. Economics of Labor Markets (3 s.h.) F S.

(Formerly: ECON 0270.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

Examines the nature of labor market equilibrium. Topics include fertility and migration, the allocation of time and occupational choice, human capital, and discrimination.

3546. Women in the Economy (3 s.h.) F S SS.

(Formerly: ECON 0272.)

Cross Listed with Women’s Studies 3277 (0277).

A course in labor economics with specific application to women in paid and unpaid employment. The course explores alternative economic theories of the labor market and economic approaches to discrimination as well as historic changes in the nature of unpaid and paid work. These theories are then applied to the economic situation of women in the U.S. and other societies.

3547. Economics of Development and Growth (3 s.h.) F.

(Formerly: ECON 0220.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

An overview of the forces that influence economic development and growth. Topics include alternative theories of development, empirical studies of the development process, and the role of non-economic factors in helping or hindering economic progress.

3563. International Trade (3 s.h.) F S SS.

(Formerly: ECON 0250.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

An examination of the basic theories of international trade, commercial policy, and factor movements. Topics may include the relation between trade and economic growth, global aspects of U.S. trade policy, international trade agreements, and protectionism.

Note: Not recommended for non-majors who earned less than B- in Economics 1101 or 1102.

3564. International Monetary Economics (3 s.h.) F S SS.

(Formerly: ECON 0251.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

The analysis of the balance of payments and foreign currency markets. Topics include the international payments system, foreign investment and debt, and exchange rate regimes.

Note: Not recommended for non-majors who earned less than B- in Economics 1101 or 1102.

3580. Special Topics (3 s.h.)

(Formerly: ECON 0394.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

Special topics in current developments in the field of economics.

3581. Co-op Experience in Economics (3 s.h.) F S SS.

(Formerly: ECON 0288.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

Students undertake a research project that integrates their current work experience with their classroom experience at Temple University. The results are reported in a 10 to 20-page paper prepared under the supervision of a faculty member.

Note: Arrangements are made through the Office of Cooperative Education.

3582. Independent Study (1 to 6 s.h.) F S.

(Formerly: ECON 0395.)

Prerequisite: Consultation with a faculty member.

Directed reading and/or writing assignments under supervision of a faculty member.

3596. Energy, Ecology, and Economy (3 s.h.) F S. Core: WI.

(Formerly: ECON W255.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

After surveying the elements of energy and ecology, and reviewing the basics of economics, this course investigates the interaction of the three. Each of the major nonrenewable and renewable energy sources is examined in light of its `eco-feasibility`. The potential of energy conservation is examined, and the need for energy/environmental/economic (3-E) policy is debated. Some speculations about future 3-E scenarios are offered, as the U.S. and the rest of the world face their energy, ecological, and economic problems.

3597. Health Economics (3 s.h.) F S. Core: WI.

(Formerly: ECON W262.)

Prerequisite: Economics 1102 (C052); or permission of instructor.

Problems of efficient production and the equitable distribution of health-related services. Policy-oriented material with comprehensive review of standard microeconomic theory in the context of supplier-dependent consumer decisions, third-party payers, and not-for-profit producers.

3598. Economics Writing Seminar (3 s.h.) F S. Core: WI.

(Formerly: ECON W302.)

Prerequisite: Economics 3501 (0201) and 3502 (0202); or permission of instructor.

This course fulfills the advanced writing requirement for economics majors in the College of Liberal Arts and the Fox School of Business and Management. Students are expected to demonstrate through a series of writing assignments that they can use the economic techniques learned in previous courses to analyze current economic policy issues.

3682. Independent Study (1 to 6 s.h.) F S.

(Formerly: ECON 0396.)

Prerequisite: Consultation with a faculty member.

Directed reading and/or writing assignments under supervision of a faculty member.

3900. Honors Topics in Economics (3 s.h.)

(Formerly: ECON 0290.)

Prerequisite: Economics 1101 (C051) and 1102 (C052); or permission of instructor.

Treatment of a particular topic in economics at the Honors level.

Note: Topic varies from semester to semester. Honors courses usually require extra reading and a paper.
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