The courses present mathematical models which capture and extend the economic theory taught in the required courses. This module presents the economic issues and prescriptions in a variety of critical public policy areas. Topics include the blight and rejuvenation of inner cities, the movement of industry into the Sunbelt, the soaring cost of medical care, the degrading of our environment, etc. This module presents the crucial connections between the economy and the legal system. Laws influence property rights, the ability to trade and enforce contracts.
Specific laws limit mergers, prohibit strategic pricing, and regulate entire industries.
These courses explore the operation and policy arising from the labor market. Topics include the role of unions, policies to alleviate unemployment and poverty, the minimum wage, education and training. The world's economies are increasingly linked with the rise of international trade, multinational corporations and intermeshed financial markets. This module provides critical analysis of this trend, those who benefit, those that are left out and the role of public policy. The Department offers three optional concentrations within the major in International Economics, Quantitative Methods and Graduate Preparation.