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Courses For Economics at Adrian College

201 Principles of Microeconomics. General microeconomic theory, including an introduction to theories of consumer behavior, product demand, cost and supply, production, the firm and its markets, capital and pricing factors. The lives and work of selected important economists are also studied, with emphasis on the development of microeconomic ideas. (Open to freshmen; may be taken before or after Economics 202.) Fall, spring.

202 Principles of Macroeconomics. General macroeconomic theory and the relationship of economics to other social sciences, including principles and theories of national income determination, consumption, investment, savings, business cycles, prices and money, the banking system, monetary and fiscal policy and international trade and growth. The lives and work of selected important economists are also studied, with emphasis on the development of macroeconomic ideas. (Open to freshmen; may be taken before or after Economics 201.) Fall, spring.

223 Economics of Developing Countries. Economic conditions of developing countries and causes of their slow growth, including a survey of the various theories of economic development. Topics include the relationships of developing countries with developed countries and with various international agencies such as the United Nations and the World Bank. (Open to freshmen.)

301 The Economics of Money. Definition and role of money in the economy: classical, Keynesian and modern views will be covered. Brief discussion of how banking system creates money. Role and management of money in international context.

302 Money and Capital Markets. Money and capital markets are the mechanisms for converting people’s savings into investments. The course provides a comprehensive view of how such markets function. It analyzes all major types of financial institutions and financial instruments. The course also focuses on how public policy issues and the economic environment interact with money and capital markets.

310 Public Finance. Principles of fiscal development, the countercyclical effectiveness of fiscal measures, budgeting, revenue and public expenditures, debt structure and management, and the incidence and effects of taxation.

311 Topics in Economics. Special topics including but not limited to the economics of social welfare, contemporary economic issues and the economics of ethnic groups. Offered occasionally.

317 Collective Bargaining and Labor Problems. Economic factors involved in labor analysis and an examination of the topics of labor unrest, labor and management organizations and recent developments in labor relations. The course begins with a history of the labor movement and concludes with a consideration of modern labor legislation.

318 Industrial Organization. Market structures ranging from perfect competition to monopoly and evaluation of the social benefits from each; philosophies and practices of government regulation to improve market performance.

319 International Economics. Topics include the balance of payments; comparative costs (including opportunity costs), general equilibrium theory, price elasticity, income absorption and combined approaches to currency revaluation and devaluation problems; and foreign exchange problems and international trade and finance policy considerations.

320 National Income Analysis. Macroeconomics at the intermediate level, including the aggregate economic theory of consumption, investment savings, money, interest, the price level and economic growth and fluctuations as related to determination of national income and employment.

321 Price and Distribution Theory. Microeconomics at the intermediate level, including price and market analysis, allocation of resources, the theory of consumer preferences and distribution of income.

322 Econometrics. The construction of economic models using mathematical techniques, for the purpose of testing theory empirically and forecasting economic events.

336 Business and Economic History of Modern Japan. See History 336 for course description.

401 Senior Research. Independent study on an economic topic approved by the department, requiring preparation of a well-researched paper, under the supervision of an economics department faculty member. For economics majors only.

Advanced and Special Classes

199 Exploratory Internship.

299 Experimental Course.

399 Professional Internship.

451 Independent Study. Topics include but are not limited to intermediate economic analysis, econometrics, linear programming, dynamic systems, classical and Keynesian thought, economic systems and selected current economic problems.

499 Advanced Experimental Course.

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Online Degrees and Courses