A number of industry case studies and landmark court decisions are read. Analyzes the labor market in light of recent developments in economic theory. Interference with the market through legislation, discrimination and labor unions and the interactions between the labor market and other sectors of the economy are considered. Econ 304 Law and Economics Examines the relative efficiency of alternative legal arrangements using microeconomics as the basic investigative tool. The core of the course consists of a thorough analysis of the common law.
Special emphasis is given to the areas of property, contract, liability and criminal law.
Econ 305 Economic Growth and Development Examines the theoretical and institutional factors influencing economic growth. Attention is given to various models of economic growth, the relation between social, political and economic institutions and the pattern of economic growth, the optimal public policy mix for economic growth and special problems of growth faced by the developing nations. Econ 307 Theory of International Trade Examines the causes and consequences of the trade of goods and services between nations. Attention is given to the principle of comparative advantage, the Ricardian model of trade, the factor endowments theory of trade, the specific factors model, new theories of trade, the causes and consequences of trade restrictions, economic growth and trade, international factor movements and economic integration. Econ 308 International Monetary Theory and Policy Examines the financial and macroeconomic relations among nations.