Theories of economic growth applied to Third World countries. Classical and Neoclassical economic theories and structural/historical theories. Topics such as the role of foreign investment and multinational corporations, and strategies of industrialization and employment creation, and rural development. Prerequisites: ECON 103 (or RESECON 102) and ECON 104.

Intensive writing course dealing with various topics in economics. Fulfills the Junior Year Writing requirement for students whose primary major is Economics at UMass Amherst.

Intensive writing course dealing with various topics in economics. Fulfills the Junior Year Writing requirement for students whose primary major is Economics at UMass Amherst.

Intensive writing course dealing with various topics in economics. Fulfills the Junior Year Writing requirement for students whose primary major is Economics at UMass Amherst.

Intensive writing course dealing with various topics in economics. Fulfills the Junior Year Writing requirement for students whose primary major is Economics at UMass Amherst.

The goal of this course is to use the analytic tools of microeconomic theory to study the worker-firm employment relationship.

This course provides an economist?s introduction to the study of scientific, inventive and technological activities. The overarching focus is on understanding the microeconomic foundations of the knowledge production function and the determinants of innovation and technical change. We will begin with a brief historical overview of institutions supporting science and innovation and an introduction to the economic analysis of knowledge and ideas.

In this course, we will investigate how incomes are distributed in our society, why income inequality has risen so dramatically in recent years, and what public policy tools exist to counter inequality increases. The course will consider various normative approaches to answering the following question: should we care about inequality?

Federal budgetary policy and the U.S. economy. Impact of social-welfare spending and taxes on income distribution, growth, cyclical stability, and efficiency. Prerequisite: ECON 203 (or RES-ECON 202) and ECON 204.

The nature and functions of money and the significance of monetary circulation, commercial banks, the Central Bank, the non-bank financial institutional structure; integration of monetary theory into a general theory of economic activity, employment, prices. Prerequisites: ECON 103 or RES-ECON 102, ECON 104 and ECON 204.