Economics (ECO)

Note: Some courses listed here may run only once per academic year, or every other academic year. Not all courses are available on both campuses. The catalog is constantly changing. Visit the pace website to view the most current class schedule, class descriptions, and required or suggested prerequisites.


ECO 105B Principles of Economics: Macroeconomics - Learning Community (3 credits)
This learning community will be an introductory exploration of basic economic principles and environmental issues and their intersections. It will provide a theoretical Macroeconomic framework for the discussion. Examples will be drawn from current environmental and sustainability issues where appropriate. We will advance philosophic discussion on contemporary issues of sustainability, based on Teresa Brennan's critical work "Exhausting Modernity: Grounds for a new Economy" (NY: Rout ledge, 2000). We will be examining sustainable and nonsustainable practices as they have been culturally and historically developed. The course will also be a critical examination into values as they organize and / or antagonize natural ecosystems.

ECO 196 Topics in Economics (3 credits)
The current economic issues that are facing the nation such as social security, health care, the environment and deficits will be examined in detail in a format suitable for non-majors. The specific issues may change year by year so as to stay current.

ECO 196A Topic: Contemporary Economic Issues (3 credits)
This course will provide the student with an introduction to some of our most pressing Economic, Social, and Political Issues: Poverty: Discrimination; Social Security Reform; income Distribution; Energy Policy; Free Trade; Federal Budget Deficits; Environmental Regulations: etc.

ECO 205 Economics of Globalization, Trade and the Environment (3 credits)
The primary mission in this course will be to sift through these various interpretations of what is meant by globalization, how to measure it and try to determine how widely spread it is. Furthermore, we will examine the view that globalization is actually a capitalist project whose aim is to promote material well-being at the global level through managing the world resources in an open liberal democratic society anchored in the belief in free markets and personal entrepreneurship. We will also analyze the profound implications of these developments in such areas as trade, the natural environment and gender. The course will also pay special attention to the field governance and the institutional structure to which globalization has given rise over the past two decades. It is hoped that the course will enable each of the participants to provide a clear and cogent response to the issue of whether globalization is a beneficial project in attaining a just, peaceful, sustainable and healthy environment.

ECO 210 The Economics of Social Issues (3 credits)
The course surveys some of the most important socio-economic issues facing the world today. Through the application of economic theory several of the most current economic issues are explored. A partial list of topics includes “Federal Deficits and the National Debt, The Economics of Poverty, The Distribution of Income and Wealth, The Economics of Education, Social Security, The Economics of Health Care, Energy Proves, Immigration, the Housing Bubble, the Costs of War, Is Wal-Mart Good for the Economy? The basic premise here is to intertwine contemporary economic issues with theory by showing how theory can be applied to current real-world public policy decisions. In shirt how these economic issues are resolved shapes the types of jobs, wages, educational opportunities, etc. that are available in our society today as well as in the future.

ECO 271 Economics Geography (3 credits)
This course is an introduction to location theory. It examines why industries (agricultural, manufacturing and services) are located in certain regions and/or countries, and whether these locations are determined by the quality and quantity of economic resources. It also assesses the contribution of these industrial locations to the disparity in the economic development of nations, as well as to the globalization of economic activities.

ECO 296F Topic: Globalization, Trade and The Environment (3 credits)
The world-wide trend towards globalization has perhaps been the most controversial phenomenon since the end of the cold war. This course will try to analyze the winners and losers of this intensification, assessing its economic, social, political and environmental impacts.

ECO 296T Environmental Impacts of Trade Globalization (3 credits)
This course examines the interconnections between globalization, international trade, and changes in our environment. In it we look at the feedback between historical increases in international trade and the environment since the late 15th century, the modern acceleration of globalization and resulting negative environmental changes, as well as challenges and impediments to minimizing our environmental footprint. We will also examine modifications to current practices which could have a positive impact on the environment.

ECO 296U Topic: Green Economics: Road to Rio (3 credits)
Road to Rio is a course that is designed to introduce the student to the various aspects of what the United Nations means by “Green Economy” and what are the measures that must be implemented if it is to be achieved.

ECO 296W Topics: Sustainable Development (3 credits )
This course will introduce the student to the various seminal concepts in the field of Sustainable Development. The course will examine the political, social and economic dimensions of SD as applied both to the industrial as well as the developing countries. The student will also be introduced to the latest development in the metrics that are used in order to guide the efforts of the countries in question.

ECO 310 Environmental Economics (3 credits )
This course will familiarize students with many fundamental concepts, ideals and tools needed to understand environmental economics. Topics of discussion and assessment will include: conceptualizations of environmental degradation, ethical standards, economic principles, intercommunications between social behaviors, and environmental policy for the public and private sectors in developed and developing countries, as well as the economic implications of alternative environmental policies.

ECO 321 The Rise and Fall of World Empires (3 credits)
What causes empires to rise and fall? This course will cover the rise and fall of major empires and the impact on civilizations over the last 7000 years. Taking an interdisciplinary approach, it will look at the developments in culture, economics, politics, technology, religion and the environment as they have been related to the rise and fall of great powers. The course will examine the empires of Persia, Rome, China, Mongols, Ottoman, Spain, Britain, and Russia. It will also link the growth and development of the world economy to the changes in world dominance of the various empires and civilizations over time. Toward the latter part of the course, the students will examine the United States' future role in the world. Is the US now in the declining stage of its empire? It will examine the US's role as superpower in the 20th century and analyze the future of the US from the lessons learned from the examination of past rises and falls of empires. The course will also include the use of the PBS series on Dynasties (Persia, Greece, Rome, Britain, Germany and Japan) and the BBC TV series (the Mongols and the Mughals). In addition, the course will be writing enhanced with such writing assignments as multiple revisions of a final paper, three shorter essays, and précis writing every other week.

ECO 354 Urban Economics (3 credits)
The course analyzes the location and distribution of economic activity, industries and businesses, land uses, and the spatial variation of the population in cities and surrounding regions. Applications to real estate values, the environment and transportation.

ECO 359 Political Economics of Developing Nations (3 credits)
The course offers a historical and contemporary analysis of emerging nations and their relationships with the developed world. The origins and dynamics of underdevelopment are studied in light of existing economic theories. The consequences of entry into the world market system of isolated societies is also examined. Within this contemporary framework, the course considers many of traditional themes of development economics: poverty, inequality, and growth; natural resources and the environment; agriculture and rural organization; unemployment; human capital and technological innovation. The course emphasizes policy choices for sustained growth in each problem area.

ECO 372 Economics of Public Utilities/Regulated Enterprise (3 credits)
The course covers the legal, public policy, social and economic issues in regulating industries in the economy, in such industries as energy, safety, health and the environment. In addition, it examines the consequences of introducing competition and industry deregulation in industries such as the financial sector and transportation.

ECO 373 China and the U.S. Economic and Political Relations: Past, Present and Future (3 credits )
The economies of the U.S. and China have recently been defined as a "Superfusion," that is the interconnection of the two leading national economies and economic systems in the world economy. In the last 20 years, this has been the result of the recent seismic shift in the global economy and political relations between the two nations. Business activities and competitiveness have been at the heart of this transformation and fusion of the two. This course will focus its attention on how this Superfusion has come about at this point in history. The course will trace the relationship of the development of the U.S. and Chinese economies from 1850 to the present. It will analyze the forces that led to the first opening up of trade between the two nations and the initial business relationships formed. It will also connect the political relationships of China and the U.S. with these developments. The course will track the highs and lows of U.S. and Chinese economic and business relations through the late 19th and the 20th Centuries up until the present day. This exploration will include the role of capitalism and socialism in the world as they both developed and the forces that created the changes in both economic systems. Two contrasting models of economic development will be explored: the U.S.'s more business centered market economy (Corporate Capitalism) and the Chinese government's guided planned market system (Government Driven Social-Capitalism). Each of these will be analyzed for their strengths and weaknesses, and they will be related to the two different political systems of individual-oriented democracy and socially-based autocracy. This course aims to help both American and international students to understand Chinese economy in the era of globalization and the interaction between China and the rest of world. The major theme focuses on the process of China's reform and open-door policy, how China interacts with the outside world in trade, finance, investment, energy, reform of international economic institutions and so on, and the implications of Chinese economic reform on the global economy. The course will also address contemporary issues facing the two economic giants, e.g., relative currency values and exchange rates, economic and political alliances, banking and financial systems, economic planning and the development of infrastructure, freedom of enterprise and international relations and its role in the global competition for natural resources. The course will conclude with a discussion of the future of the two economic systems and their approach to economic development, the possible different paths that could be taken in U.S.-Chinese international relations and their relative future positions in the world economy by 2030.

ECO 374 Rising Powers: China's Economic Growth and Development (3 credits)
This course will explore the transformation of an economy that has been growing at a speed that is starting politicians and economists alike. Just imagine-the end of a dynasty and a civil war, invasion and occupation, the spread of socialist culture and rapid modernization, Cultural Revolution and radical transformation reforms that paced the way to a market system, rapid integration into the world economy and extraordinary rates of growth-all this and much more in the course of only 100 years! An unparalleled transformation indeed! The origins and dynamics of this transformation will be studied in light of existing economic theories. The course will examine the process historically through consideration of the economic and political origins of modern China, starting from the early years of unification under the Qin Dynasty, continuing to the rise of commerce during the Han Dynasty, then on to the warring periods and inflationary pressures foreshadowing the Song Dynasty, the introduction of paper money and its acceptance during the Yuan Dynasty, and the isolation of the Ming Dynasty. The course will explore the process of transformation within a contemporary framework, exploring the consequences of growth and development on poverty, inequality, and environmental change. It will also discuss how development is affected by national policies and by global economic trends.

ECO 396G Topic: Environmental Taxation and Chemical Emissions (3 credits)
No description available.

Note: Some courses listed here may run only once per academic year, or every other academic year. Not all courses are available on both campuses. The catalog is constantly changing. Visit the pace website to view the most current class schedule, class descriptions, and required or suggested prerequisites.