Analysis of issues that affect our daily lives, including pricing decisions by firms and their impact on our cost of living; game theory and strategic decision-making; tackling problems of pollution and global warming; and how governments use monetary and fiscal policies to stimulate economic growth and address unemployment and inequality.
Prerequisite: BUSINESS 115 or ECON 151 or 16 credits in NCEA Level 3 Economics with a Merit average including standard 91399 (Demonstrate understanding of the efficiency of market equilibrium), or a scholarship pass in Economics, or B grade in CIE Economics or 4 out of 7 in Economics (HL) in IB
The standard Stage I Statistics course for the Faculty of Business and Economics or for Arts students taking Economics courses. Its syllabus is as for STATS 101, but it places more emphasis on examples from commerce.
Economics affects our daily lives and the global environment in many ways. Through the media we are constantly made aware of price increases, interest rate changes, exchange rate movements and balance of payments problems, growth and recessions, standard of living comparisons, regional trading agreements. What does it all mean and how does it all work?
This course is designed as an introduction to the study of economics. Students develop an understanding of economic institutions, history, and principles. Topics include basic tools of microeconomics and macroeconomics. Microeconomics deals with consumers, firms, markets and income distribution. Macroeconomics deals with national income, employment, inflation and money. Models that determine long-run growth and short-term fluctuations in national economies will be explored. Additional discussion will focus on the role of government regulation, monetary policy, and fiscal policy. Also, students will analyze major economic institutions, such as property rights, markets, business organizations, labor unions, money and banking, trade, and taxation.
“Sustainability” is a popular word. What does it mean in practice? What are the economic forces that push us in unsustainable directions? Can they be harnessed to provide a more durable outcome? In the end, what is it we’re trying to “sustain”?
This course seeks to explore the ecological underpinnings of human economies: how natural constraints influence the kinds of societies a place can support, and the way that new technologies and human choices change our relationship to the environment. We use Hartwick College’s main campus, Pine Lake campus, and the City of Oneonta as a series of living classrooms. The course looks at the roles of markets, governments, and other social structures, and applies the concepts of opportunity cost, supply-and-demand, and economic efficiency to understand patterns of growth and economic change and to consider what “sustainability” is and how to move toward it.
Lecture, three hours; discussion, one hour. Requisite: course 101. Theory of income, employment, and price level. Analysis of secular growth and business fluctuations; introduction to monetary and fiscal policy. P/NP or letter grading.
Pre-requisites: Mathematics 31A, 31B.
Introduction to probability and statistics for economists, with emphasis on rigorous arguments. Not open to students with credit for former Statistics 11.
