In this course we explore microeconomic theories of how industries operate in real-world marketplaces where the conditions often deviate substantially from the perfectly competitive model in your earlier microeconomics courses. One element of the course will be group case studies of local or national industries of your choosing We'll see that different industrial conditions tend to lead to different structures and conduct of industries, and hence, different outcomes for shareholders, managers, workers, suppliers, and consumers.

Introduction to the economics of markets and market economies. Basic concepts of demand, supply, production, prices, allocation of resources, and distribution of income. Public policy applications. (Gen.Ed. SB)

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

Choice-theoretic model of labor-leisure choice. Returns to education and occupational choice. Demand for labor. Minimum wages. Changing income distribution. Effect of household structure and tax system on income structure. Labor market discrimination. Compensating wage differentials. Unions.

Description not available at this time.

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.

Analysis of theories of determination of national income, aggregate employment, and the price level. Monetary and fiscal policy. Inflation, unemployment, and economic growth.

Analysis of theories of determination of national income, aggregate employment, and the price level. Monetary and fiscal policy. Inflation, unemployment, and economic growth.

Analysis of theories of determination of national income, aggregate employment, and the price level. Monetary and fiscal policy. Inflation, unemployment, and economic growth.

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.