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.

Economic theory of the macro-economy. Determinants of unemployment rates, inflation rates, national income, GDP. Tools of public policy available which can be used to promote macroeconomic goals. (Gen.Ed. SB)

In this course, we will look at the legal system as an economic system, where penalties and damages act as prices for various activities. We will ask whether the enforcement of legal rules leads to an efficient allocation of resources. Much of the focus of the course will be on property, contract and tort law. Satisfies the Integrative Experience requirement for BA-Econ majors.

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.

The role of the U.S. in the changing world economy. Implications for the U.S. of intensified international competition and trade imbalances. Emphasis on current issues: e.g., NAFTA, protecting the environment, global aid, international banking regulation, and industrial policy. (Gen.Ed. SB)

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)