QC Economics

200 Level Courses

Economics

ECON201: Macro-Economic Analysis (Formerly ECON206)
3 credits

National income measurement; macro-economic theories of income, employment, prices, and interest rates; public policies for growth and stabilization. This course cannot be taken for credit if Economics 226 has been taken (see also Economics 226).
Prerequisites: Economics 101 or 103 and 102 or 104

ECON202: Price Theory (Formerly ECON205)
3 lec., 1 lab. hr.; 3 credits

Familiarizes the student with the technical tools of economic analysis. Covers price, input and output decisions of the business firm; the forces behind supply of and demand for the product of the firm and industry; and the factors determining the distribution of income. This course cannot be taken for credit if Economics 225 has been taken (see also Economics 225).
Prerequisites: Economics 101 or 103 and 102 or 104 and Mathematics 131 or the equivalent

ECON203: Development of Economic Thought
3 credits

Traces the evolution of economic doctrines both in their institutional context and with reference to central issues that are of present-day significance.
Prerequisites: Economics 101 or 103 and 102 or 104 or permission of instructor; English 110

ECON204: International Political Economy
3 credits

The important conceptual frameworks for considering the international political economy starting with mercantilism and ending with issues of international financial governance regime theories. Questions of property rights, state-market tensions, global public goods and bads, foreign direct investment and debt, structural adjustment programs and the creation of new financial architecture along with an examination of global economic governance institutions such as the International Monetary Fund, the World Bank and the World Trade Organization will be considered in the light of different approaches to the international political economy.
Sample Syllabus, Prerequisites: Economics 101 or 103

ECON205: ECON202 HAS REPLACED ECON205 (Price Theory)
3 lec., 1 lab. hr.; 3 credits

Familiarizes the student with the technical tools of economic analysis. Covers price, input and output decisions of the business firm; the forces behind supply of and demand for the product of the firm and industry; and the factors determining the distribution of income. This course cannot be taken for credit if Economics 225 has been taken (see also Economics 225).
Prerequisites: Economics 101 or 103 and 102 or 104 and Mathematics 131 or the equivalent

ECON206: ECON201 HAS REPLACED ECON206 (Macro-Economic Analysis)
3 credits

National income measurement; macro-economic theories of income, employment, prices, and interest rates; public policies for growth and stabilization. This course cannot be taken for credit if Economics 226 has been taken (see also Economics 226).
Prerequisites: Economics 101 or 103 and 102 or 104

ECON207: Comparative Economic and Financial Systems
3 credits

Despite the evolution of many world economies toward the market system and privatization, the major differences - formal, cultural, and informal - in the financial, legal, accounting, social and economic institutions, ownership, business practices and economic policy-making in both the transitioning economies and the world’s major economies pose major challenges for international business decision making and cause major differences in economic performance, income distribution, growth and efficiency of these economies. This course analyzes these components of an economy within a decision-making-information-motivation framework. Examples will be drawn from a number of economies including US, EU, Russia, Mexico, China and Pakistan. Of particular interest are macroeconomic institutions, monetary and fiscal policy, relationships to the world economic organizations as well as the internal political and legal frame work which influences privatization, market structures, competition and comparative internalization of social costs. Also examines the impact of systems and the political and social relationships in the behavior of economic institutions.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON208: The Process of Economic Development
3 credits

The causes of differences in the levels of economic performance among countries; major theories of economic development; policies for economic development.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON210: Transformation of Economic Systems
3 credits

This course is concerned with the breakup and reconstitution of economic systems from antiquity to the present. The emphasis will be on primitive, feudal, and contemporary underdeveloped economies.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON211: Economics of Asia
3 credits


Prerequisites: Economics 101 or 103 and 102 or 104 or permission of department; English 110

ECON212: Economics of Latin America
3 credits


Prerequisites: Economics 101 or 103 and 102 or 104 or permission of department; English 110

ECON213: Economics of the Labor Force
3 credits

Theoretical and public policy issues relating to wage determination, labor markets, the labor force, wages, prices, productivity, employment, human resources, and income maintenance.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON214: Economics of Organized Labor
3 credits

Includes collective bargaining in the public and private sectors and labor problems of minorities.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON215: Money and Banking
3 credits

Description and analysis of monetary and banking principles and institutions.
Prerequisites: Economics 101 or 103 and 102 or 104

ECON217: Public Finance
3 credits

Such topics as government expenditures, distribution of the tax burden, equity in taxation, tax competition, and the national debt.
Prerequisites: Economics 205 or 225; English 110

ECON218: The Economics of State and Local Finance
3 credits

Such topics as the demand for government services, intergovernmental fiscal relations, the distribution of various public services within and between governmental jurisdictions, governmental budgeting processes, and sources of revenue.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON219: Economics of Class, Race, and Sex
3 credits

This course is concerned with theoretical and historical explanations of stratification by class, race, sex, and ethnicity. Specifically, it is concerned with explaining differential rates of progress among ethnic groups; the economic position of the black population versus the white one; black/white males vis-à-vis black
Prerequisites: Economics 101 or 103; English 110

ECON219W: Economics of Class, Race, and Sex
3 credits

This course is concerned with theoretical and historical explanations of stratification by class, race, sex, and ethnicity. Specifically, it is concerned with explaining differential rates of progress among ethnic groups; the economic position of the black population versus the white one; black/white males vis-à-vis black
Prerequisites: Economics 101 or 103; English 110

ECON220: Consumer Economics and Personal Finance
3 credits

This course covers personal financial planning, consumer decision making, present value theory, money management, and credit. Specific topics include: income taxes, investing and portfolio management, risk management (insurance), pensions, long-term family and estate planning, and the problems of information and transaction costs. Students learn to use a spreadsheet on the IBM PC to solve various case problems.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON221: The Economy of Greece
3 credits

This course will focus on the postwar structure and performance of the Greek economy. An examination of overall growth as well as growth of the agricultural, industrial, and service sectors will be pursued, taking into account the private-versus-public sector dichotomy. Special consideration will be given to external economic relations of Greece, its membership in the EEC, and balance of payments problems. The structural effects of external relations upon domestic development will be traced, dealing, for example, with migration and income distribution.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON222: European Economic History since 1750
3 credits

Emphasizes the processes and repercussions of industrialization.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON223: The Development of the American Economy to 1914
3 credits


Prerequisites: Prereq.: Economics 101 or 103 and 102 or 104; English 110

ECON223W: The Development of the American Economy to 1914
3 credits


Prerequisites: Prereq.: Economics 101 or 103 and 102 or 104; English 110

ECON224: American Economic History since 1914
credits


Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON225: Price Theory (Mathematics Emphasis)
3 lec., 1 lab. hr.; 3 credits

Identical to Economics 202, except taught with a greater use of mathematical tools. Recommended for students planning to do graduate work in economics and business. This course cannot be taken for credit if Economics 202 has been taken.
Prerequisites: Economics 101 or 103 and 102 or 104 and Mathematics 132 or 143 or 152

ECON226: Macro-Economic Analysis (Mathematical Emphasis)
3 credits

Identical to Economics 201 except taught with a greater use of mathematical tools. Recommended for students planning to do graduate work in economics and business. This course cannot be taken for credit if Economics 201 has been taken.
Prerequisites: Economics 101 or 103 and 102 or 104 and Mathematics 132 or 143 or 152

ECON228: The Economics of the Environment
3 credits

The economic causes of environmental problems and the problems encountered in estimating the economic cost of environmental damages. Application of economic theory to establish the conditions for the best use of the environment, and to evaluate economic costs and benefits of current regulatory policy.
Prerequisites: Economics 101 or 103 and 102 or 104 or permission of instructor; English 110

ECON228W: The Economics of the Environment
3 credits

The economic causes of environmental problems and the problems encountered in estimating the economic cost of environmental damages. Application of economic theory to establish the conditions for the best use of the environment, and to evaluate economic costs and benefits of current regulatory policy.
Prerequisites: Economics 101 or 103 and 102 or 104 or permission of instructor; English 110

ECON229: History of International Business and Finance, 1850 to the Present
3 credits

This course will study the evolution of typical international business and financial structures and their performance through readings and lectures on international enterprise and national economic histories from the first era of globalization to the present. The business of export-import, financing trade and international investment, and multinational enterprise will be covered. Other topics will include the evolution of international monetary systems, trade regulation, and the size of the international economy.
Prerequisites: Economics 101 or 103 and 102 or 104

ECON230: Women's Issues in Economics
3 credits

Includes discussion of participation of women in the labor force; distribution of women among occupations; work outside the marketplace and in the home; wage differentials between men and women; and government policies that affect the economic position of women.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON230W: Women's Issues in Economics
3 credits

Includes discussion of participation of women in the labor force; distribution of women among occupations; work outside the marketplace and in the home; wage differentials between men and women; and government policies that affect the economic position of women.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON231: Economic Development of China
3 credits

This is a basic survey course on China's economic development from a historical perspective. After a short review of some of China's pre-1949 economic history, the course focuses on the People's Republic, with roughly half the semester devoted to the period of Mao's leadership (1949-1976) and the balance devoted to the post-Mao period of reform and transition to a market economy (1978-present).
Prerequisites: MATH 131 and ECON 101 or 103 and ECON 102 or 104 and ENGL110

ECON240: ECON340 has replaced ECON240: Industrial Organization
3 credits

The economic functions of business firms; the theory and practice of internal organization of firms; market structure and performance of competitors, oligopolists, etc., and their effects on economic welfare; business as a social and political institution; the large firm in a mixed economy.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON242: Regulation of American Business
3 credits

The origin, evaluation, and present pattern of government regulation of business; the organization of industry; anti-trust and the promotion of competition and prevention of monopoly and public regulation; public policies in natural resource and environmental conservation.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON246: Urban Economics
3 credits

The microeconomics of U. S. urban development patterns from the industrial revolution to the present. Decentralization of economic activity and population; the resulting urban problems and possible solutions to these problems.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON249: Statistics as Applied to Economics and Business
3 lec., 1 lab. hr.; 3 credits

The topics covered are descriptive statistics, elementary probability theory, sampling statistical inference, estimation, and simple correlation and regression. (Not open to students with credit for Mathematics 241, which will be accepted in lieu of Economics 249.)
Prerequisites: Economics 101 or 103 and Mathematics 131 or equivalent

ECON260: Economics of Health and Income Maintenance Program
3 credits

This course analyzes both individual and public policy decisions surrounding health and resource allocation issues in the health care sector of the U.S. The demand, production, cost, and financing of health are examined using a variety of conceptual and empirical models. Income maintenance programs are also discussed. The main emphasis is on the United States; comparisons with other countries may also be included.

Accounting

ACCT201: Intermediate Accounting I
4 hr.; 3 credits

Intensive study of the theories of financial accounting, generally accepted accounting principles, and applications thereof. Relevant opinions and statements of the AICPA, FASB, and SEC.
Prerequisites: Accounting 102 and sophomore standing

ACCT202: Intermediate Accounting II
3 hr; 2 credits

Continuation of Accounting 201. Relevant mathematical principles and applications thereof to accounting. Relevant opinions and statements of the AICPA, FASB, and SEC.
Prerequisites: Accounting 201 and junior standing

ACCT261: Business Law I
3 credits

Introduction to the law. Seeks to provide majors and nonmajors with an understanding of the law and the social forces that shape it. The basic structure through which law is implemented and enforced is reviewed, in addition to the specific rules of law relating to contracts, trusts, and estates.
Prerequisites: Junior standing.

Business

BUS241: Corporation Finance
3 lec., 1 lab. hr.; 3 credits

An analysis of the major funds flows of the firm. Development of the principles for determining specific assets a firm should acquire, as well as the least-cost methods of financing those assets. Topics considered include the management of cash, inventories, receivables, and fixed assets; alternative sources of available funds, including short-, intermediate-, and long-term sources of financing; the cost of capital; optimum capital structure; and corporate dividend policy.
Prerequisites: Economics 102

BUS243: Economics of Distribution and Marketing
3 credits

Functions, structure, and cost of the system of distribution of goods and services. Emphasizes the dynamic character of marketing and the major problems encountered at every stage of the distribution process. Merchandising and sales promotional activities, price policies, selection of channels of distribution.
Prerequisites: Economics 102; BUS160W

BUS247: Business Economics
3 credits

The application of economic principles to the problems of business decision making. Topics considered include decisions under risk and uncertainty; economic forecasting; estimation of demand and cost functions; price strategy under monopoly, oligopoly, and competition; diversification and conglomeration; and productivity analysis in worker and executive compensation.
Prerequisites: Economics 102; English 110

BUS250: Financial Statement Analysis for Non-accountants
3 credits

This course is designed for non-accountants who want to learn financial statement analysis. The student will be exposed to the various analytical approaches in evaluating a company’s balance sheet, income statement, and statement of cash flows. The course covers key ratios in ascertaining a business entity’s liquidity, solvency, profitability, asset utilization, return on investment, earning potential, and risk. The knowledge gained will allow for more informative credit, investment, business and audit decisions. (Not open to accounting majors.)
Prerequisites: Accounting 201

BUS255: International Accounting for Non-accountants
3 credits

The course is designed for non-accountants such as those majoring in business administration. The course emphasizes the international business context of international accounting and financial decision making. We discuss the accounting and reporting for multinational companies, current international accounting issues facing the business world, comparative international analysis, international segment reporting, and other related topics.
Prerequisites: Accounting 102

Mathematics

MATH201: Calculus
4 credits

A continuation of the work of Mathematics 143 or 152. The topics include polar coordinates, vectors, solid analytic geometry, vector-valued functions, double and triple integrals, functions of several variables, partial derivatives. Wherever possible, applications are made to problems of geometry and physics. Not open to students who are taking or who have passed Mathematics 132 (unless permission of the Chair is obtained).
Prerequisites: Mathematics 143 or 152

MATH231: Linear Algebra I
4 credits

An introduction to linear algebra with emphasis on techniques and applications. Topics to be covered include solutions of systems of linear equations, vector spaces, bases and dimension, linear transformations, matrix algebra, determinants, eigenvalues, and inner products. Not open to students who are enrolled in or who have completed Mathematics 237.
Prerequisites: One semester of calculus

MATH241: Introduction to Probability and Mathematical Statistics
3 credits

An introduction to the basic concepts and techniques of probability and statistics with an emphasis on applications. Topics to be covered include the axioms of probability, combinatorial methods, conditional probability, discrete and continuous random variables and distributions, expectations, confidence interval estimations, and tests of hypotheses using the normal, t, and chi-square distributions. Students taking this course may not receive credit for Mathematics 114, except by permission of the Chair. Not open to students who are taking or who have received credit for Mathematics 611.
Prerequisites: or coreq.: Mathematics 132 or 143 or 152

MATH242: Methods of Mathematical Statistics
3 credits

A study of those methods of mathematical statistics that are most frequently used in the natural and social sciences, as well as actuarial science. Topics include estimation testing of statistical hypotheses, nonparametric tests, analysis of variance, correlation and regression analysis, and other methods of statistical analysis.
Prerequisites: Mathematics 241 Preregistration is strongly advised for Math 242. Students must email Wallace Goldberg, Chairperson of the Mathematics Department, at wallace.goldberg@qc.cuny.edu prior to pre-registration.

MATH247: Linear Programming and Game Theory
3 credits

Methods for handling optimization problems that arise in management, engineering, physical sciences, and social sciences. Topics include convex geometry, the Simplex Algorithm, duality theory, and the Von Neumann minimax theorem of game theory.
Prerequisites: Mathematics 231 or 237

MATH271: Actuarial Mathematics I: Calculus and Probability
3 credits

This course covers material in calculus and some probability required for the Course 1 Examination of the Society of Actuaries.
Prerequisites: Mathematics 201; coreq.: Mathematics 241 or 611

MATH272: Actuarial Mathematics II: Probability and Risk Management
1 credits

This course covers material in probability and risk management required for the Course 1 Examination of the Society of Actuaries.
Prerequisites: Mathematics 201 and 241 (or 611); coreq.: at least one of Mathematics 242, 621, 623, or 633

Other Departments

ANTH206: Peoples of South America
3 credits


Prerequisites: Six credits in social science or sophomore standing.

ANTH208: Peoples of South Asia
3 credits


Prerequisites: Six credits in social science or sophomore standing.

ANTH209: Peoples of Europe
3 credits


Prerequisites: Six credits in social science or sophomore standing.

ANTH210: Peoples of East Asia
3 credits


Prerequisites: Six credits in social science or sophomore standing.

ANTH211: Peoples of Africa
3 credits


Prerequisites: Six credits in social science or sophomore standing.

ANTH212: Peoples of the Middle East
3 credits


Prerequisites: Six credits in social science or sophomore standing.

ANTH215: Peoples of the Caribbean
3 credits


Prerequisites: Six credits in social science or sophomore standing.

ANTH215W: Peoples of the Caribbean
3 credits


Prerequisites: Six credits in social sicence or sophomore standing.

HIST222: Europe since 1945
3 credits

Western European recovery; the East European revolutions and the development of communist regimes; the Cold War and nuclear armament; the problems stemming from the end of colonial empires, population increase, and economic development.

PSCI230: Politics of Development
3 credits

Politics and government in the underdeveloped areas of Africa, Asia, Latin America, and the Middle East. Stress on the interaction of political, social, and economic forces. Attention is paid to foreign policy problems.

PSCI231: Political Culture and Political Socialization
3 credits

The effect on political systems and behavior of such phenomena as fundamental moral concerns and value systems, class structures, and folk practices; development of the individual’s orientation to political action and institutions.

PSCI232: Comparative Political Economy
3 credits

Effects of economic structures and practices on the political and social systems.

PSCI233: Transitions to Democracy
3 credits

During the past generation, many nations have shifted from authoritarian and military rule to democracy. This course will examine the reasons for this development, the ways it has been accomplished, and the prospects for the future.

PSCI234: Contemporary Western Europe
3 credits

Analysis of contemporary European political institutions and processes. Selected countries to be announced.

PSCI235: Contemporary Russia
3 credits

A survey of the political processes and governmental institutions of Russia, as well as the states of the former Soviet Union.

PSCI236: The Politics of Developing Nations
3 credits

Politics and government in the underdeveloped areas of Africa, Asia, Latin America, and the Middle East. Stress on the interaction of political, social, and economic forces. Attention to foreign policy problems.

PSCI237: Contemporary Africa
3 credits

Primary focus on the dynamics of societies in transition in “SubSaharan” Africa from colonial dependency to independence, and from traditional tribal units to modern nations.

PSCI238: Contemporary Asia
3 credits

A survey of the political development and government institutions of the states in the Far East, chiefly China and Japan; analytical study of their historical background and foreign relations.

PSCI239: Contemporary Latin America
3 credits

A study of the political reality of Latin American countries through their constitutional organization and the actions and attitudes of power blocks within society. The role of political parties, dictatorship and caudillismo constitutional government, and democracy.

PSCI240: Contemporary Middle East
3 credits

A survey of Middle Eastern governments, political processes, and political group behavior.

PSCI243: Contemporary Central America
3 credits

An examination of the social, economic, and cultural forces that shape the political processes of Central American societies, including the application of political theories of Central American and foreign writers.

PSCI250: International Law
3 credits

An examination of the traditional and prevailing rules of international law governing relations among states and other international persons; special emphasis on recognition, succession, international treaties, and state jurisdiction over land, water, and aerial space.

PSCI251: International Organization
3 credits

After a brief treatment of the historical background of international organization and attempts to maintain peace, attention is given to the organizational, structural, and functional aspects of the United Nations and its related agencies. An evaluation of the contributions of these organizations to the maintenance of peace and to world economic, social, and political development is made.

PSCI252: Contemporary Issues in International Relations
3 credits

This course introduces students to some of the major issues that confront the world and provides them with basic analytical tools to help them understand these issues. Each section will focus on a particular issue, such as the control of weapons, women and war, international drug traffic, and the international trading system. The course will feature guest speakers from journalism, the UN, and various diplomatic missions. Topics to be announced. Course may be repeated with the permission of instructor if the topic is different.

PSCI253: Problems in International Law and Administration
3 credits

An analytical study of selected topics in international law and administration, such as means and procedures for the settlement of international disputes, responsibility of states and other issues in diplomatic practices, administrative problems of the United Nations and other international organs in the performance of their functions, as well as the changing conception and controversial principles of the law of war and neutrality.

PSCI254: The Politics of the International Economy
3 credits

This course deals with the relationship between international politics and international economics. It pays particular attention to the increasing political significance of international trade, global competition, and the international division of labor. Students will examine such issues as the role of states in the world economy, the activities of inter-governmental organizations such as the IMF and the World Bank, and the problems of inequality and unequal development.

PSCI255: Comparative Foreign Policy
3 credits

An analysis of patterns in the orientation of various nation-states toward their world environment, and of structures and processes by which various nation-states formulate foreign policies.

PSCI256: Africa in World Politics
3 credits

The international relations of the African countries and the development of African foreign policies. Pan-Africanism, the cold war in Africa, neutralism, regional and international agencies.

PSCI257: Western Europe in World Politics
3 credits

The role of the European states in world politics. Cohesion and conflict within the regions: the politics of European integration, Atlantic cooperation, and East-West relations.

PSCI258: Asia in World Politics
3 credits

Historical examination of the policies of the major powers toward China, Japan, and Korea; their common interests and contradictions; conflicts between nationalism and imperialism in East Asia and adjacent areas; special emphasis on the complicated relationships between the United States and the governments in this region.

PSCI259: Latin America In World Politics
3 credits

The relations of the Latin American countries with the United States, the European powers, and with each other. Pan-Americanism and the participation of Latin America in international organizations. Inter-American public international law.

PSCI260: The Middle East in World Politics
3 credits

The expansion of the European State system into the Middle East and the regional adjustments. The changing patterns of regional and international politics in the Middle East, contrasting the League of Nations and the United Nations systems.

PSCI261: Russia in World Politics
3 credits

An examination of the foreign policy of Russia; continuing conflicts with the West; the politics of economic integration.

PSCI269: Colloquium In International Politics
3 credits



SOC273: Social Change in Africa
3 credits

Problems and processes of social change in Africa. Theories of social change are evaluated in the context of Africa. Topics include: ethnicity; nationalism; rural and traditional social structures; urbanization and urban problems; class relations; state structures; state and civil society; social development.
Prerequisites: Sociology 101 or permission of instructor

SOC274: Social Change in Latin America and the Caribbean
3 credits

Problems and processes of social change in Latin America and the Caribbean. Various theories of social change are evaluated in the context of Latin America and the Caribbean. Topics include ethnic and race relations, migration (internal and external), state structures; state and civil society, interstate relations, problems of social development.
Prerequisites: Sociology 101 or permission of instructor

SOC275: Sociology of Asian Americas
3 credits

This course takes a sociological approach to Asian Americans in general and six major Asian ethnic groups in particular. Topics include the history of Asian immigration, historical cases of discrimination against Asian Americans, settlement patterns, occupational and economic adjustment, community organization and ethnicity, intergroup relations, and marriage and family life.
Prerequisites: Sociology 101

SOC279: Globalization: Social and Geographic Perspectives
3 credits

The components, causes, consequences, and implications of the process of globalization; structural, social, and cultural aspects of globalization; emergent patterns, historical context, and social geography of international inequality, poverty, social change, development, and regional integration; political, social movement, and policy responses; international cooperation and the role of the nonprofit sector.
Prerequisites: Sociology 101