Course ListingsFall 2012EconomicsEC 0003FINANCIAL ACCOUNTINGTheory of accounts, analysis, and recording of transactions;classific<strong>at</strong>ions of accounts; determin<strong>at</strong>ion of revenue; interpret<strong>at</strong>ion andprepar<strong>at</strong>ion of income st<strong>at</strong>ements and balance sheets. Cannot becounted toward an Economics major.Sections01128 EC 000301 J+ Murphy, Charles 1.0 No Ec MajorCreditEC 0005PRINCIPLES ECONOMICSAn introduction to the fundamentals of microeconomic andmacroeconomic analysis. Topics covered in microeconomics include 1)how markets determine composition and pricing of outputs and inputs,and 2) the behavior of individual consumers and businesses inresponse to market forces. Topics covered in macroeconomics include1) the determinants of economic growth, and 2) the effects of fiscal andmonetary policy on unemployment, infl<strong>at</strong>ion, and capacity utiliz<strong>at</strong>ion.EC 5 and 8 cannot both be taken for credit.Sections01147 EC 000501 F+TR Norman, George 1.0 Reg Mand Rect5a-5r01129 EC 0005RA LR Staff 0.0 Must AlsoRegister For Ec501130 EC 0005RB NR Staff 0.0 Must AlsoRegister For Ec501131 EC 0005RC QR Staff 0.0 Must AlsoRegister For Ec501132 EC 0005RD LT Staff 0.0 Must AlsoRegister For Ec501133 EC 0005RE NT Staff 0.0 Must AlsoRegister For Ec501134 EC 0005RF QT Staff 0.0 Must AlsoRegister For Ec501135 EC 0005RG EF Staff 0.0 Must AlsoRegister For Ec501136 EC 0005RH NR Staff 0.0 Must AlsoRegister For Ec501137 EC 0005RI FF Staff 0.0 Must AlsoRegister For Ec501138 EC 0005RJ QT Staff 0.0 Must AlsoRegister For Ec501139 EC 0005RK MM Staff 0.0 Must AlsoRegister For Ec501140 EC 0005RL PM Staff 0.0 Must AlsoRegister For Ec501141 EC 0005RM CW Staff 0.0 Must AlsoRegister For Ec501142 EC 0005RN MW Staff 0.0 Must AlsoRegister For Ec501143 EC 0005RO PW Staff 0.0 Must AlsoRegister For Ec501144 EC 0005RP QR Staff 0.0 Must AlsoRegister For Ec501145 EC 0005RQ MW Staff 0.0 Must AlsoRegister For Ec501146 EC 0005RR PW Staff 0.0 Must AlsoRegister For Ec5<strong>Tufts</strong> <strong>University</strong> Course Listings, Fall 2012EC 0006BUSINESS LAWLegal issues pertaining to business associ<strong>at</strong>ions and oper<strong>at</strong>ions. Topicsmay include business organiz<strong>at</strong>ions, the law of contracts and agency,the Uniform Commercial Code, antitrust laws, and direct governmentregul<strong>at</strong>ion. Cannot be counted toward an economics major.Sections01148 EC 000601 K+ Kronberg, Peter 1.0 No Ec MajorCreditEC 0011INTERMED MICROECON THRYThe theory of price determin<strong>at</strong>ion and resource alloc<strong>at</strong>ion in a priv<strong>at</strong>eenterprise economy, analysis of consumer and producer choices,influences of market structure, and the interrel<strong>at</strong>ionship of productprices and factor incomes. Required of all economics majors who havenot completed Economics 17 or 203.Prerequisites: EC 5, MATH 30 or 32 (formerly MATH 5 or 11).Sections0114901150011510115201153EC 001101 G+ Switala, Andre 1.0 Preq: Ec 5, AndM<strong>at</strong>h 30 Or 32(formerly M<strong>at</strong>h5 Or 11)EC 001102 I+ Switala, Andre 1.0 Preq: Ec 5, AndM<strong>at</strong>h 30 Or 32(formerly M<strong>at</strong>h5 Or 11)EC 001103 D+ Menegotto, Debo 1.0 Preq: Ec 5, AndM<strong>at</strong>h 30 Or 32(formerly M<strong>at</strong>h5 Or 11)EC 001104 L+ Luallen, Jeremy 1.0 Preq: Ec 5, AndM<strong>at</strong>h 30 Or 32(formerly M<strong>at</strong>h5 Or 11)EC 001105 J+ Luallen, Jeremy 1.0 Preq: Ec 5, AndM<strong>at</strong>h 30 Or 32(formerly M<strong>at</strong>h5 Or 11)EC 0012INTERMED MACROECON THRYAnalysis of the determinants of n<strong>at</strong>ional income, basic concepts andaccounting, aggreg<strong>at</strong>e consumption and investment behavior, andimplic<strong>at</strong>ions for public policy. Required of all economics majors whohave not completed EC 18 or 205. In no case may a student receivecredit for both EC 18 and 12.Prerequisites: EC 5, MATH 30 or 32 (formerly MATH 5 or 11).Sections01154011550115601157EC 001201 E+MW Chiang, Arthur 1.0 Preq: Ec 5, AndM<strong>at</strong>h 30 Or 32(formerly M<strong>at</strong>h5 Or 11)EC 001202 I+MW Chiang, Arthur 1.0 Preq: Ec 5, AndM<strong>at</strong>h 30 Or 32(formerly M<strong>at</strong>h5 Or 11)EC 001203 G+ Fusillo, Micahe 1.0 Preq: Ec 5, AndM<strong>at</strong>h 30 Or 32(formerly M<strong>at</strong>h5 Or 11)EC 001204 F+TR Switala, Andre 1.0 Preq: Ec 5, AndM<strong>at</strong>h 30 Or 32(formerly M<strong>at</strong>h5 Or 11)EC 0013STATISTICSAn introduction to basic st<strong>at</strong>istical techniques th<strong>at</strong> are used in economicanalysis. Major topics include probability, discrete random variables,continuous random variables, sampling distributions, estim<strong>at</strong>ion, andhypothesis testing. The course will conclude with some theory andapplic<strong>at</strong>ions of the linear regression model. Required of all economicsmajors.Prerequisites: EC 5, MATH 30 and 14 (formerly MATH 5 and 6), orMATH 32 (formerly MATH 11).Sections01164 EC 001301 E+MW Downes, Thomas 1.0 Preq:ec 5, M<strong>at</strong>h30 & 14 Or 32(formerly 5 & 6Or 11)Page 61
Course ListingsFall 2012Economics011580115901160011610116201163EC 0013RA LR Staff 0.0 Must Also RegFor Ec 13-01EC 0013RB NR Staff 0.0 Must Also RegFor Ec 13-01EC 0013RC QR Staff 0.0 Must Also RegFor Ec 13-01EC 0013RD BF Staff 0.0 Must Also RegFor Ec 13-01EC 0013RE EF Staff 0.0 Must Also RegFor Ec 13-01EC 0013RF GF Staff 0.0 Must Also RegFor Ec 13-01EC 0015BASIC ECONOMETRICSIntroduction to common techniques and applic<strong>at</strong>ions of econometrics.Students will gain an intuitive understanding of basic econometrictechniques and will learn to apply those techniques to new problems.D<strong>at</strong>a analysis with an econometrics software package and an empiricalproject using econometric methods. EC 15 and 107 may not both betaken for credit.Prerequisites: EC 13.Sections0116501166011670418901168EC 001501 D+ Akee, Randall 1.0 Preq: Ec13 OrEquivEC 001502 F+TR Akee, Randall 1.0 Preq: Ec13 OrEquivEC 001503 A Garman, David 1.0EC 001503R ARR Garman, David 0.0 Meets 9pm To11:30pmEC 001504 J+ Switala, Andre 1.0 Prereqs: Ec 13Or EquivalentEC 0016QUANT MICROEC THEORYThe theory of price determin<strong>at</strong>ion and resource alloc<strong>at</strong>ion in a priv<strong>at</strong>eenterprise economy; analysis of consumer and producer choices,influences of market structure, and the interrel<strong>at</strong>ionship of productprices and factor incomes with m<strong>at</strong>hem<strong>at</strong>ical illustr<strong>at</strong>ions.Required for all quantit<strong>at</strong>ive economics majors who have not completedEC 203.Prerequisites: EC 011, MATH 32 (formerly MATH 11).Sections01169EC 001601 H+TR Gnedenko, Ek<strong>at</strong>e 1.0 Preq: Ec 11,And M<strong>at</strong>h 32(formerly M<strong>at</strong>h11)EC 0018QUANT INTER MACROEC THRYAnalysis of the determinants of n<strong>at</strong>ional income, basic concepts andaccounting, aggreg<strong>at</strong>e consumption and investment behavior, andimplic<strong>at</strong>ions for public policy, with m<strong>at</strong>hem<strong>at</strong>ical illustr<strong>at</strong>ions. Requiredfor all quantit<strong>at</strong>ive economics majors who have not completed EC 205.In no case may a student receive credit for both EC 18 and 12.Prerequisites: EC 11, MATH 32 (formerly MATH 11).Sections01170EC 001801 D+ Richards, Danie 1.0 Preq: Ec 11,And M<strong>at</strong>h 32(formerly M<strong>at</strong>h11)EC 0019REVIEW QUANT MACRO THRYReview of EC 18 for Quantit<strong>at</strong>ive Economics majors who have takenEC 12. ½ credit.Prerequisites: EC 12, MATH 32 (formerly MATH 11), and permission ofinstructor.Sections01171 EC 001901 D+ Richards, Danie 0.5 Preq: Perm OfInstructor/1/2CreditEC 0030ENVIRONMENTAL ECONOMICS(Cross-listed as ENV 30.) An examin<strong>at</strong>ion of the uses and limit<strong>at</strong>ions ofeconomic analysis in dealing with many of the environmental concernsof our society. Public policies concerning the environment will beevalu<strong>at</strong>ed as to their ability to meet certain economic criteria.Prerequisites: EC 5.Sections01173EC 003001 F+TR Gnedenko, Ek<strong>at</strong>e 1.0 C-lst Env30/preq:ec 5EC 0035ECONOMIC DEVELOPMENTProblems in the growth of underdeveloped economies. Emphasis onquantit<strong>at</strong>ive models of economic growth <strong>at</strong> low levels of income and onthe testing of various hypotheses proposed to explainunderdevelopment. Consequences of market structures, popul<strong>at</strong>iongrowth, externalities, institutions, and political factors for economicdevelopment.Prerequisites: EC 5.Sections03978EC 003501 F+TR Storeygard, Ada 1.0 Prereq: Ec5EC 0048HEALTH ECONOMICSAn examin<strong>at</strong>ion of major topics in the economics of health and healthcare, both in the United St<strong>at</strong>es and abroad, using the basic theoreticaland empirical tools of economics. Covers the medical and nonmedicaldeterminants of health, markets for medical care services and healthinsurance, and proposed ideas for health care reform. Special topicsinclude AIDS, aging, and obesity.Prerequisites: EC 5.Sections01175EC 004801 1+ Bentkover, Judi 1.0 Pre Req: Ec 5EC 0060INTERNATIONAL ECONAnalysis of the economic effects of trade among n<strong>at</strong>ions. Determin<strong>at</strong>ionand stabiliz<strong>at</strong>ion of exchange r<strong>at</strong>es; regul<strong>at</strong>ion of commerce throughvarious commercial policies; the United St<strong>at</strong>es' balance of payments;the impact of intern<strong>at</strong>ional trade on price, incomes, and employment inthe particip<strong>at</strong>ing n<strong>at</strong>ions; and intern<strong>at</strong>ional agencies and agreementsaffecting world trade. Custom unions and common markets, worldliquidity problems. Not open to students who have taken or are currentlytaking EC 161 or its equivalent.Prerequisites: EC 5.Sections01182 EC 006001 F+TR Tang, Heiwai 1.0 Prereq: Ec 5;MustReg-rct60aThru60f01176 EC 0060A EF Staff 0.0 Prereqs:Register Ec 6001177 EC 0060B FF Staff 0.0 Prereqs:Register Ec 6001178 EC 0060C GF Staff 0.0 Prereqs:Register Ec 6001179 EC 0060D CW Staff 0.0 Prereqs:Register Ec 6001180 EC 0060E MW Staff 0.0 Prereqs:Register Ec 6001181 EC 0060F GF Staff 0.0 Prereqs:Register For Ec60EC 0063ECON EUROPEAN UNIONIntroductory examin<strong>at</strong>ion of the development and functioning of theEuropean Union through economic models. Discussed are Europeaneconomic integr<strong>at</strong>ion, customs union, and the single market; freemovement of labor and capital; monetary unific<strong>at</strong>ion; the EuropeanCentral Bank versus the US Federal Reserve System; monetary versusfiscal policy; regional policy; and social policy. Also examined areexternal trade policies and economic benefits and costs of joining theunion for small versus large countries, the euro as an intern<strong>at</strong>ional<strong>Tufts</strong> <strong>University</strong> Course Listings, Fall 2012Page 62