New Course offerings starting in Fall 2016
The Department of Economics is excited to offer new courses in FALL 2016 in addition to our Principles Courses, ECON1 AND ECON2.
ECON3: ENVIRONMENTAL ECONOMICS
An introduction to the basic principles of economics and their application to problems of environmental quality and natural resource utilization. Topics covered will include market failures, sustainable resource allocation, environmental degradation, pollution, and a rationale of government involvement in the market-based economy. Emphasis is on sustainability and the importance of including the environmental impact into the cost-benefit analysis of economic activities.
ECON4: ECONOMICS OF PUBLIC ISSUES
An introduction to the economics of various public policy issues. Contemporary issues and the role of government will be evaluated and analyzed by the student. Topics to be discussed include the minimum wage, rent control, drug prohibition, health care, Social Security, international trade, organ markets, impact of sports stadiums, discrimination and freedom of association, education, fiscal and monetary policy, property rights and the environment, and antitrust policy.
ECON 78I: BEHAVIORAL ECONOMICS
An introduction to Behavioral Economics contrasted to conventional economics. Topics covered include why people often behave irrationally compared to the predictions of conventional economics, loss-avoidance, emotions, experiences, social norms, framing, endowment effect, the brain, fairness, ethics, morals, trust, satisficing, status, herding, anchors, animal spirits, heuristics, irrational exuberance, why smart people make investment mistakes, mental accounting, game theory, blurring social and financial arrangements, value of nudging people to make superior decisions, charitable donations, and happiness (money isn’t everything).