Econ2. Introduction to Macro.

Economics 1 and 2 provide a two-semester introduction to economic analysis and its applications. Examples are drawn primarily from the economy of the United States although most of the analysis is transferable to other economies. In areas in which there is considerable disagreement about economic analysis or about the nature of the real world, the courses explore the issues underlying the disagreement.

Economics 1 covers microeconomics: the economic decisions of individual people and firms, the determination of prices and quantities of individual goods, wages for various classes of workers, and the theoretical basis for international trade. We discuss at length government policies like taxes, subsidies, tariffs, trade quotas, and income redistribution.

Economics 2 is devoted primarily to macroeconomics with emphasis on the determination of the aggregate level of economic activity, economic growth, analysis of government policies, short-run economic stability (the degree of unemployment and the rate of inflation) and long-run economic growth. Other important topics, such as international finance, will also be examined, though in somewhat less detail. Because the subject matter in Economics 2 is based on that of Economics 1, Economics 1 is a prerequisite for Economics 2. Moreover, the two courses may not be taken at the same time (without the permission of the Course Head.)

Please note: Entrance to Economics 2 honors sections requires A- or better in Economics 1 or permission of instructor.

For slides on Econ 2 go to the PENN Blackboard website

 

Econ030: Public Policy Analysis. (Summer 2006)

This course provides an introduction to the economic approach tor analyzing public policy questions. It examines the role of government in a market economy and models and methods for the analysis of specific public projects.

Prerequisites: Economics 1 and 2 or Economics 10. Credit cannot be received for both Economics 030 and 231.

Economics 33 - Labor Economics

This course covers topics in labor supply and labor demand, income distribution, labor market contracts and work incentives, human capital, labor market discrimination, job training and unemployment.

Prerequisites: Economics 1 or Economics 10. Credit cannot be received for both Economics 033 and 233.

For notes on Econ 030 go to the PENN Blackboard website

 

 

Econ102. Macroeconomic Theory

Facts and theories about the determination of per capita income and its differences across countries and across time. The study of economic fluctuations in output and employment. The role of government in influencing these aggregate variables: monetary and fiscal policy.

Prerequisites - Economics 101, Mathematics 104 and either 114 or 115. Students who receive credit for Finance 101 or its equivalent will not receive credit for Economics 102. See the for major rules regarding the substitution of Finance 101 for Economics 102.

For notes on Econ102 go to the PENN Blackboard website

 

 

Econ231: Public Finance. (Fall 2006)

This course has two parts. The first looks at market and government failures and discusses the need for public policies as well as limits to their effectiveness including the evaluation of public projects using cost-benefit analysis. The second part focuses on the Economic analysis of taxation, including the economic incidence and efficiency of taxes.

Prerequisites: Economics 101. Economics 103 is also recommended. Credit cannot be received for both Economics 030 and 231.

For notes on Econ231 go to the PENN Blackboard website

 

 

Econ251: International Trade. (Fall 2005)

The course analyzes the theories of International Trade for developed and developing countries. Topics covered will include direct investment, technology transfers and multinational firms. The course will examine the political economy of trade policy where both positive and normative arguments concerning free trade and restricted trade will be analyzed.

Prerequisites: Economics 101 and 102. A student who receives credit for Economics 251 may not receive credit for Economics 050.

For notes on Econ251 go to the PENN Blackboard website

 

 

 

BPUB250. Managerial Economics (Wharton).

Course covering microeconomic theory ranging from Theory of the Consumer, Theory of the Firm, Game Theory. Knowledge of calculus required. Covers among other topics: Lagrangians, bundling, noncooperative games. For more information go to the Spike Wharton website.