01505/Economics
NOTE: All
introductory economics courses (C050, C051, C052, H091, H092) require
knowledge of elementary algebra. This means mathematics proficiency
equivalent to Mathematics 0045 or Mathematics C073, or test scores of
17 on Part 1 and 8 on Part 2 of Temple's Mathematics Placement Test.
For prerequisite purposes, H091 and H092 are equivalent to C051 and
C052 respectively.
C050. Introduction
to the Economy (3 s.h.) F S Core: IN
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. Students planning to take 200-level economics courses may
have to take Economics C051 or C052 in addition to Economics C050. Look
at prerequisites for a particular course to see if C051 or C052 is specified.
C051. Macroeconomic
Principles (3 s.h.) F S SS Core: IN
An introductory
course in macroeconomics. Topics include business cycles, inflation,
unemployment, banking, monetary and fiscal policy, international economics,
and economic growth. Knowledge of elementary algebra required. Economics
C051 and C052 may be taken in any order.
C052. Microeconomic
Principles (3 s.h.) F S SS Core: IN
An introductory
course in microeconomics. Topics include the market system, supply and
demand, cost, competition, monopoly, oligopoly, factor markets, and
public goods. Knowledge of elementary algebra required. Economics C051
and C052 may be taken in any order.
0054. Economic
Principles for Education Majors (3 s.h.) S
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. Not to be taken
for credit by F SBM students.
C055. Global
Economics Issues (3 s.h.) F S Core: IS
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 econom y. Special topics which may be investigated include the
debt crisis, protectionism, the role of multinational corporations,
and the gap between rich and poor nations. May not be taken as a substitute
for Economics C051, C052, C053, H091, or H092.
R065. The Economics
of Diversity (3 s.h.) Core: RS
Students who
have taken Economics C052 are not eligible to take this course.
This course examines
the roles that race, gender, and ethnicity play in influencing the distribution
of material goods and services through the process of competition and
where competition is absent.
H091. Macroeconomic
Principles Honors (3 s.h.) F Core: IN
Prerequisite:
Special permission.
An introductory
course in macroeconomics at the Honors level. Topics include business
cycles, inflation, unemployment, banking, monetary and fiscal policy,
international economics, and economic growth. Knowledge of elementary
algebra required. Honors courses usually require extra reading and a
paper.
H092. Microeconomic
Principles Honors (3 s.h.) S Core: IN
Prerequisite:
Special permission.
An introductory
course in microeconomics at the Honors level. Topics include the market
system, supply and demand, costs, competition, monopoly, oligopoly,
factor markets, and public goods. Knowledge of elementary algebra required.
Honors courses usually require extra reading and a paper.
0140. Economics
of Crime (3 s.h.)
Prerequisites:
Junior or Senior standing (does not satisfy any upper-level economics
requirement for F SBM students).
This course examines
the economic issues of crime and crime control. Topics include: economic
costs of crime, rational choice model of criminal choice, cost-benefit
analysis of allocating criminal justice resources to control criminal
behavior (including discussion of privatization of the criminal justice
system), and analysis of the market structure implications of criminal
activity.
0201. Intermediate
Microeconomic Analysis (3 s.h.) F S SS
Prerequisites:
Economics C051 and 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.
0202. Intermediate
Macroeconomic Analysis (3 s.h.) F S SS
Prerequisites:
Economics C051 and 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.
0203. Economics
of Risk and Uncertainty (3 s.h.) F or S
Prerequisites:
Economics C052 or H092, Statistics C011, C021, and 0022.
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 criticisms, and 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).
0217. History
of Economic Theory (3 s.h.)
Prerequisites:
Economics C051 and C052; or permission of instructor.
The development
of economic analysis from the pre-classical period to the neoclassical
tradition that dominates contemporary mainstream economic thinking,
emphasis on the work of Adam Smith, Malthus, Ricardo, the Marginalists,
Marx, and Marshall.
0220. Economics
of Development and Growth (3 s.h.) F
Prerequisites:
Economics C051 and 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.
0241. Introduction
to Econometrics (3 s.h.) F S
Prerequisites:
Economics C051 and C052; or permission of instructor and Statistics
0021 and 0022.
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.
0244. The Economics
and Management of Privatization (3 s.h.) F S
Prerequisites:
Economics C052 or H092.
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.
0245. Monetary
Theory and Policy (3 s.h.)
Prerequisite:
Finance 0101, Economics 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.
0246. Public
Finance (3 s.h.)
Prerequisites:
Economics C051 and 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.
0248. Economics
of State and Local Governments (3 s.h.) SS
Prerequisites:
Economics C051 and 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.
0250. International
Trade (3 s.h.) F S and SS
Prerequisites:
Economics C051 and 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.
0251. International
Monetary Economics (3 s.h.) F S and SS
Prerequisites:
Economics C051 and 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.
0255/W255.
Energy, Ecology, and Economy (3 s.h.) F S
Prerequisites:
Economics C051 and 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. W255 is a writing intensive course.
0262/W262.
Health Economics (3 s.h.) F S
Prerequisite:
Economics C052 or C053.
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. W262 is a writing intensive
course.
0265. The Economics
of Sports (3 s.h.) F
Prerequisites:
Economics C051 and C052 or Economics C050.
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.
0267. Law and
Economics (3 s.h.)
Prerequisite:
Economics C052 or equivalent.
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.
0270. Economics
of Labor Markets (3 s.h.) F or S
Prerequisites:
Economics C051 and 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.
0272. Women
in the Economy (3 s.h.) F or S
Prerequisites:
Economics C051 and C052; or permission of instructor.
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.
(Cross-listed with Women's Studies 0277; credit is not given for both.)
0279. Public
Control of Business: Antitrust (3 s.h.) S
Prerequisites:
Economics C051 and 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.
0281. Government
Regulation of Business (3 s.h.)
Prerequisites:
Economics C051 and C052; or permission of instructor.
An introductory
course dealing with the underlying economic principles of all modes
of transportation, public utilities, and regulated industry; public
utility concepts in common and statute law, rate bases and rates of
return, and policy considerations are developed in the framework of
development, service, and regulatory practices.
0282. Economics
of American Industry (3 s.h.) F SS
Prerequisite:
Economics C051 and 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.
0283. Computer-Based
Modeling (3 s.h.) F or S
Prerequisites:
Economics C051 and 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. No prior experience with computers or computer
programming is required.
0286. Economics
of Organizations (3 s.h.) F or S
Prerequisites:
Economics C052 and H092, Statistics C012, and HRA 0083.
This course provides
an introduction to the economic determinants of both organizational
structure and the behavior by self-interested economic agents in those
organizations. Topics covered include coordination and motivation, executive
and managerial compensation, internal labor markets, incentive contracts,
and organizational reactions to change. Case analysis forms an integral
part of the course.
0287. Managerial
Economics (3 s.h.) F or S
Prerequisites:
Economics C051 and 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.
0288. Co-op
Experience in Economics (3 - 6 s.h.) F S
Prerequisites:
Economics C051 and C052; or permission of instructor.
Students undertake
a research project which integrates their current work experience with
their classroom experience at Temple University. The results are reported
in a 10-20 page paper prepared under the supervision of a faculty member.
Arrangements are made through the Office of Cooperative Education.
0290. Topics
in Economics Honors (3 s.h.)
Prerequisites:
Economics C051 and C052; or permission of instructor.
Treatment of a
particular topic in economics at the Honors level. Topic varies from
semester to semester. Honors courses usually require extra reading and
a paper.
W302. Economics
Writing Seminar (3 s.h.) F S
Prerequisites:
Economics 0201 and 0202.
This course fulfills
the advanced writing requirement for economics majors in CAS and F SBM.
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.
0394. Special
Topics (3 s.h.)
Prerequisites:
Economics C051 and C052; or permission of instructor.
Special topics
in current developments in the field of economics.
0395-0396.
Independent Study (1 - 6 s.h.) F S
Prerequisites:
Consultation with a faculty member and approval of department chairperson.
Directed reading
and/or writing assignments under supervision of a faculty member.
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