An introduction to macroeconomic terminology, concepts, and theories using historical context, quantitative tools, graphical analysis, and macroeconomic models. Course concepts are examined in a social and/or political context as appropriate. Fall, Spring.
An introduction to game theory and strategic interactions with cases drawn from economics, business, politics, sociology, psychology, international studies, and sports. Topics include prisoner's dilemma, Nash equilibrium, backward induction, signaling, mixed strategies, cooperative and noncooperative games, bargaining, conventions, "the tragedy of commons," evolutionary game theory, and behavioral critiques of rationality. Prerequisite: 24 credits in ISP, including ITW 101 and QL. Fall.
The course integrates economic theory and economic history into an exploration of the economics of money and banking. Topics include the contested origins of money, the historical evolution of financial systems, contemporary monetary policy, and theories of recurrent financial crises. Prerequisites: ISECON 104.
This course applies quantitative tools of analysis and appropriate economic theory to organized sports and recreation. Topics include: modeling markets, competitive balance, public goods, market power, discrimination, collective bargaining, the economics of collegiate sports, financing sport / recreation facilities, as well as the role of public policy for these topics. Prerequisite: 24 credits in ISP, including ITW 101 and QL. Spring.
A survey course examining the social and historical contexts in which competing visions of the organization of economic life emerged. We will explore the evolution of Classical, Neoclassical, Marxist, and Keynesian perspectives through primary source readings, secondary literature, lectures, and in-class discussion. Prerequisites: ISECON 104, 24 credits in ISP, including ITW 101 and QL.