The following Summer Session 2009 courses have an alternate prerequisite from the one listed. If you have completed the prerequisite and want to enroll into these courses, which are still open, please contact us.
Econ. M134: Prereq. in summer is Econ. 11 only
Econ. 161: Prereq. in summer is Econ. 11 only
Econ. 187: Prereq. in summer is Econ. 11 only
Keep in mind that we are unsure what the effects of the budget will be on our course offerings next year. So, if you want to make sure that you complete your economics courses in a timely manner, you might want to consider attending classes this summer.
If you attempt to enroll into an economics course in Session C for which you are taking the prerequisite in Session A, you will need to contact a Department of Economics counselor for help enrolling in the Session C course. URSA considers both sessions as part of the summer term, so it “thinks” that you are taking both courses at the same time. For example, if you are taking Econ. 11 in Session A and want to take Econ. 101 in Session C, you will need the help of a counselor.
Are you a SPORTS FAN but want to learn more about the BUSINESS AND ECONOMICS OF SPORTS? The Economics Department will be offering a course this summer on the economics of sports. A more detailed description of this course is given below.
Economics 187/Economics of Sports
Summer 2008, Session A, MW, 8:30-10:35 a.m.
Instructor: Patrick Rishe
Prerequisite: Economics 11 (the official prerequisite is Economics 101 but you may speak with Julie Plotkin to enroll if you will have completed Economics 11 only)
This course will show how various ECONOMIC PRINCIPLES are related to various practices/phenomenon in the SPORTS BUSINESS INDUSTRY.
Subjects addressed include:
- COLLECTIVE BARGAINING AGREEMENTS;
- SALARIES AND TICKET PRICING;
- REVENUES AND COSTS OF PRO TEAMS AND COLLEGE ATHLETIC DEPARTMENTS;
- FACILITY FINANCING;
- ECONOMIC IMPACT STUDIES;
- THE BUSINESS OF SPORTS COMMISSIONS;
- PERFORMANCE and ECONOMIC INCENTIVES;
- DISCRIMINATION IN SPORTS;
- SPORTS BETTING MARKETS…AND MORE!!!
The course will be taught by visiting adjunct instructor DR. PATRICK RISHE:
- Founder and Director of SPORTSIMPACTS.NET;
- Associate Professor of Economics at Webster University in St. Louis, MO;
- Writer for the St. Louis Sports Magazine.
Want to get in the game? Then it’s time to get schooled.
ECON 161/Monetary Theory
Beyond being something we use every day (in one form or another),
money plays a key role in the macroeconomy and for that reason is a
major target of central banks to encourage (or occasionally
discourage) economic activity. We will explore the basics of money,
including what “counts” as money, how to model both the demand and
supply of money and taking a look at the key relationship between
money and interest rates.
After the preliminaries have been covered, the focus will be on
central banks and monetary policy. Key questions we will attempt to
answer include:
Why do we use monetary policy?
How are central banks organized and how do they implement monetary policy?
How effective is monetary policy?
When is monetary policy an appropriate tool?
We will spend a considerable amount of time on a variety of models of
money and monetary policy. Beyond simply learning the nuts and bolts,
we will strive to understand the strengths and weakness of each model.
In particular we will look at quite a few case studies and data to
evaluate how well the models describe actual economic events, with a
special emphasis on the current financial crisis. By the end of the
course you should have the tools to evaluate the response of a central
bank to any economic episode.
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