Capitalism and Its Critics

 

Theme Description: Capitalism had its critics before it even had a name.  Yet capitalism has endured.  And so has the criticism.  Courses in this theme address markets and market economies from a variety of perspectives. Students will learn to articulate the essential priniciples of free market capitalism; assess the underlying assumptions, constraints, and known limitations of market-based systems; and examine issues of market failure and theories of government regulation of markets.

Theme Coordinator: TBA

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Courses:

ECO 2030. Principles of Economics - Price Theory (3). F;S
A brief introduction to the study of economics followed by an in-depth analysis of microeconomics, including: the price mechanism and supply and demand analysis; consumer choice; cost and revenue analysis of the firm; market structures; factor markets and income distribution; market failure and the role of government; and current economic problems such as pollution, poverty and discrimination. (CORE: SOCIAL SCIENCES)

FIN 2860. Personal Finance (3). On Demand.
A study of the key concepts, tools, and techniques of personal financial management. Focus is placed on the financial statements of the individual. The balance sheet model includes a discussion of personal assets - both financial and non- financial, personal liabilities including all types of loans, and personal net worth. The implications of the current financial environment (i.e., changing tax laws, savings instruments, interest rates, etc.) is also considered from the standpoint of the individual.

HIS 3524. World Economy: History and Theory (3).F. Even-numbered years.
This course traces the development of the world economy to the present, focusing on the search for the determinants of economic success and the various solutions that have been offered. The long term changes in world income and population are quantified (mainly for the second millennium), the forces that explain the success of rich countries are identified, and the obstacles that hindered economic advance in lagging regions are explored. We will emphasize the interaction between empirical methods and interdisciplinary theories. The interaction between wealthy nations and the rest of the world is scrutinized to assess the degree to which backwardness may have been due to Western policy. Also, special emphasis will be placed on the analysis of government spending patterns and the economic impact of conflicts.

MGT 3040. Child Labor in Global and Historical Perspective (3 sh)
Description coming soon...

PS 3410. Marxism (3). On Demand.
Explores the basic principles and features found within Marxist thought. This includes some discussions of Marx’s immediate predecessors such as Hegel and Feuerbach in post-Marxist socialist and communist literature. (MULTI -CULT URAL; CROSS DISCIPLINARY )

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How These Courses Integrate into Theme:

Students in each course will examine and critique market theory. They will gain a deeper understanding of economics and economic systems; essential principles of free market capitalism; underlying assumptions, constraints, and known limitations of market-based systems; and issues of market failure and corresponding theories of government regulation of markets. Courses address the issue, “Markets: how and why they work; and how and why they sometimes don't.” Students in all courses within this theme are encouraged to attend various lectures and conferences through the university.