4. Lower Level Electives

4. Lower Level Electives

01:220:301 Money, Banking and the Financial System (3)

Economic significance of money; structure, history, and present state of the American monetary system; credit, banking, and Federal Reserve; instruments of credit control; Federal Reserve and treasury policies; monetary reform, monetary theory and policy. Prerequisites: 01:220:102, 103.

01:220:300 International Economics (3)

Pure or "real" aspects of international trade, including the basic comparative advantage model, commercial policy (tariffs, quotas, etc.), economic integration, and the role of international trade in economic development. Monetary aspects of international trade, including international capital movements, foreign exchange market, concept and measurement of balance of payments, alternative means of correcting disequilibrium in the balance of payments, and international monetary arrangements. Prerequisites: 01:220:102, 103. Major credit may be earned for only two of the three options: (i) 01:220:300, (ii) 01:220:335 or 435), (iii) 01:220:336 or 436.

01:220:120 Inequality (4)

Economic and political explanations for the growth in U.S. income inequality since the 1970s; measurement of inequality; comparisons with other countries and with earlier eras in the U.S.; explanatory roles of discrimination, immigration, globalization, superstar and winner-take-all markets, party politics, and differences between rich and poor in voting power, political voice, and political participation; perspectives from other social and behavioral science disciplines. Lower level elective.