field electives



	FIELD ELECTIVES OPEN ELECTIVES The following economics elective courses (except for BC2029), including any upper-level elective listed further below satisfy the open, or lower-level, economics elective requirement of the Political Economy track. ECON BC 2010y The Economics of Gender Examination of gender differences in the U.S. and other advanced industrial economies. Topics include the division of labor between home and market, the relationship between labor force participation and family structure, the gender earnings gap, occupational segregation, discrimination, and historical, racial, and ethnic group comparisons. —K. Mammen 3 points. [syllabi: S'04-Mammen] ECON BC 2014x Topics in Economic History Topics vary in content. See departmental listing or instructor for the current topic. —A. Dye 3 points. [syllabi: F'04-Dye, F'03-Dye] ECON BC 2029x Fed Challenge Workshop To prepare students to compete in the annual Federal Reserve Bank of NY College Fed Challenge, a competition between undergraduate teams from colleges and universities in the FRBNY region. The goals is a thorough understanding of current US and global macroeconomic conditions, macroeconomics theories, financial markets and the role of the Federal Reserve System. --S. Malin, D. Weiman Prerequisite: an introductory economics course. 1 point. Grading is P/D/F only. NOTE: this course cannot count toward either the Political Economy or the Economics track major. [syllabi: ] UPPER-LEVEL ELECTIVES The following economics elective courses have either ECON BC3033, ECON BC3035, or both as prerequisites and therefore satisfy the uppeer-level elective requirement of both the Economics and Political Economy track. ECON BC 3011x Inequality and Poverty Conceptualization and measurement of inequality and poverty, poverty traps and distributional dynamics, economics and politics of public policies, in both poor and rich countries. —S. Reddy Prerequisite: ECON BC3035 or ECON BC3033, or permission of the instructor. 3 points. [syllabi: S'01-Rio \| S'99-Munasinghe] ECON BC 3012x Economics of Education Analyzes education policies and education markets from an economic perspective. Examines challenges that arise when researchers attempt to identify the causal effects of inputs. Other topics: (1) education as an investment, (2) public school finance, (3) teacher labor markets, (4) testing/accountability programs, (5) school choice programs, and (6) urban public school reforms. —R. Reback Prerequisites: ECON BC3035 and ECON BC2411 or permission of the instructor. 3 points. [syllabi: F'04-Reback] ECON BC 3013y Economic History of the United States Economic transformation of the United States from a small, open agrarian society in the late colonial era to the leading industrial economy of the 20th century. Emphasis is given to the quantitative, institutional, and spatial dimensions of economic growth, and the relationship between the changing structures of the economy and state. —D. Weiman Prerequisite: ECON BC3035 or ECON BC3033, or permission of the instructor. 3 points. [syllabi: S'07-Weiman \| S'04-Weiman] ECON BC3014y Entrepreneurship Examines theoretical, empirical, and normative studies of entrepreneurial behavior and its significance. Examines their relationships with risk-taking and innovation. Explores entrepreneurship as applicable to a variety of behaviors, activities or contexts, including large organizations, small business networks; new venture creation, comparative financial institutions that support entrepreneurial environments, and its contributions to a dynamic economy.– Prof. Alan Dye Prerequisite: ECON BC3035, or ECON BC3033, or equivalent, or permission of instructor. 3 points. ECON BC 3017y Economics of Business Organization The economics of firm organization and the evolution of the modern business enterprise. The function of organizations in coordinating the use of economic resources. The role of technology, labor, management, and markets in the formation of the business enterprise. Includes international comparisons and attention to alternative economic theories on the role of business organizations on national competitive advantage. —A. Dye Prerequisite: ECON BC3035 or permission of the instructor. 3 points. [syllabi: S'04-Dye] ECON BC 3019x Labor Economics Factors affecting the allocation and remuneration of labor; population structure; unionization and monopsony; education and training, mobility and information; sex and race discrimination; unemployment; and public policy. —L. Munasinghe Prerequisite: ECON BC3035, or permission of the instructor. 3 points. [syllabi: F'04-Munasinghe \| F'03-Munasinghe] ECON V 3025y Financial Economics Institutional nature and economic function of financial markets. Emphasis on both domestic and international markets (debt, stock, foreign exchange, Eurobond, Eurocurrency, futures, options, and other). Principles of security pricing and portfolio management; the Capital Asset Pricing Model and the Efficient Markets Hypothesis. —R. Sethi Prerequisites: ECON BC3035 and ECON BC2411 or the equivalent. 3 points. [syllabi: S'03-Sethi] ECON BC 3029x Development Economics Critical survey of the main debates within development studies: theory and empirics of growth and structural transformation; dynamics of income distribution and poverty; impact of international economic relations; population, health and nutrition; and the nature and role of government. —S. Reddy Prerequisite: ECON BC3035 or ECON BC3033, or permission of the instructor. 3 points. [syllabi: F'00-Reddy \| F'99-La Croix] ECON BC 3038y International Money and Finance An introduction to balance of payments and exchange rate theory. Internal and external adjustment under fixed and flexible exchange rates. International financial markets. Capital mobility and expectations. International policy coordination, optimum currency areas, and their role in global and regional economic integration. History of the international monetary system. —A. Burgstaller Prerequisite: ECON BC 3033 3 points. [syllabi: F'04-Burgstaller] ECON BC 3039x Environmental and Natural Resource Economics The link between economic behavior and environmental quality: valuation of non-market benefits of pollution abatement; emissions standards; taxes; and transferable discharge permits. Specific problems of hazardous waste; the distribution of hazardous pollutants across different sub-groups of the U.S. population; the exploitation of commonly owned natural resources; and the links between the environment, income distribution, and economic development. —R. Sethi Prerequisite: ECON BC 1002 or ECON BC 2035. Prerequisite for Economics majors: ECON BC 3035. 3 points. [syllabi: F'03-Sethi] ECON BC 3045x Business Cycles The foundations and modern theories of long run economic growth and short run business cycles. Foundations of growth include Schumpeter while modern theories incorporate endogenous growth into the Solow model. Keynes provides the foundation for the static IS/LM model. New Keynesian and neoclassical theories incorporate dynamics and microfoundations. —S. Harrison Prerequisite: ECON BC3033 3 points. [syllabi: F'04-Harrison] ECON BC 3047y International Trade The causes and consequences of international trade and investment. Theoretical models of trade. Trade policy including restrictions or regulations on international trade and the effects of such policies on economic welfare, economic growth and wage inequality. Multinationals, foreign direct investment, and some aspects of the current debate on “globalization.” -- M. Colacelli Prerequisite: ECON BC3035 Intermediate Micro Theory 3 points. [syllabi: S'07-Colacelli] ECON V 3265x The Economics of Money and Banking Introduction to the principles of money and banking. The intermediary institutions of the American economy and their historical developments, current issues in monetary and financial reform. --P. Mehrling Prerequisite: Intermediate Macroeconomic Theory, ECON BC 3033 and ECON BC3035 Intermediate Micro Theory. 3 points. [syllabi: F'04-Skousen \| F'00-Mehrling] ECON BC 3099x, y Independent Study —Staff Prerequisite: ECON BC3033 or ECON BC3035 or permission of the instructor. Points TBA. ECON BC 3270y Topics in Money and Finance Classic questions in monetary economics, including but not limited to: inside and outside money, financial crisis and hyperinflation, central banking and the payments system, liquidity and market making, monetary policy and exchange rates. —P. Mehrling Prerequisites: ECON BC 3033 and ECON BC 3035. Enrollment limited to 25 3 points. ECON BC 3275y Financing Democracy: Problems and Proposals This course studies a selection of current social problems chosen in order to illuminate the current state of the ever-uneasy relationship between finance and democracy. Problems covered may include, but are not limited to: Social Security reform, Medicare reform, corporate governance, financial reform. -- P. Mehrling Prerequisites: ECON B3033 and ECON BC3035. Enrollment limited to 25 3 points. ECON G 4235y Historical Foundations of Modern Economics: Adam Smith to J.M. Keynes A survey of some of the major intellectual developments that have created the discipline of economics. Particular attention to the works of Adam Smith, Alfred Marshall, Irving Fisher, and J.M. Keynes. —A. Burgstaller Prerequisites: ECON BC3035 and ECON BC3033, or the equivalent. 3 points. [syllabi: S'03-Burgstaller]