PLEASE NOTE THAT ECON 508,
WRAY, CONTROVERSIAL ISSUES, IS CANCELLED
FOR WINTER SEMESTER 2002.
Students are strongly encouraged to enroll in one of the fine graduate
and/or upper division courses offered by our visiting faculty. In particular,
as Econ 508 is primarily a "history of thought" course, is strongly recommend
that those students who had planned to take Econ 508 substitute John Henry's
course, Econ 506 (M/W 5:30-6:45), in its place. In addition, the following
courses are taught by visiting professors:
Huerta: Econ 414
Kregel/Wray: Econ 590B
Webb: Econ 690
It is particularly important that students take advantage of the opportunity
to take courses taught by our visitors--in most cases, these are one-time
events that will not be repeated.
Winter 2002, Economics 414/512, Professor
Arturo Huerta, huertaa@umkc.edu Manheim
Hall 202 I, (816) 235 5886
Problems in Latin American Development
This course is an introduction to the study of Latin America's
economic development, its historical background and contemporary problems.
Part I provides a historical overview from the XIX century to the debt
crisis of the late XX century. Then, in part II the course turns to an
analysis of the persistent economic problems that are common to most countries
in the region as well as to the ideologies and debates that have emerged
around them. The third and final part of the course examines some major
contemporary issues, focusing attention on the market-oriented reforms
since the mid 1980s and the impact of the liberalization economic model
on equity and growth performance.
Course
outline
Dear Graduate Students,
Winter 2002, I am
teaching a course A Critical Examination of Economics as a Science
(with Special reference to the role of empirical econometrics). The class
meets: TR 5:30-6:45.
I believe that this course will be unique
in bringing together a systematic treatment of issues airing in philosophy
of science as applied to economics (which is usually done in terms
of abstractions and done by people who do not do econometrics) and empirical
econometrics (which usually done with great attention to certain technical
areas and cavalier treatment of relevant philosophical issues). On a practical
level this course provides some experience considering econometric technique
from a different perspective and should help internalize concepts.
James Webb, Manheim Hall 203G,
webbj@umkc.edu
Winter 2002, Econ 590B: Special topics:
International Organizations and Development Finance
Prof. Jan Kregel kregel-ny@un.org,
Prof. L.R. Wray, wrayr@umkc.edu
Preliminary
Reading List
Course Synopsis
In March of 2002 the United Nations will hold an International Conference
on Financing for Development in Monterrey, Mexico with the participation
of Heads of State and Government and Ministers of Finance, Foreign Affairs
and trade/development. The course seeks to provide a multi-disciplinary
insight into the reasons that motivate the United
Nations' concern with Economic Development, the analytical approach
to development within the UN since its creation, the economic conditions
in the 1980s that led to the decision to hold the Conference, the political
negotiations within the UN that led to the Agenda for the current Conference
and the economic theory used in the preparation for the Conference.
It will conclude with a discussion of the role of politics and economic
theory in the preparatory phase of the Conference, in
negotiations during the Conference and in its final outcome. The course
should be of interest to students of development and international economics,
as well as politics, history, and international relations.
Evaluation: Students will be expected to prepare three
short papers during the semester and one short paper at the end of the
Seminar. The first three papers should discuss the subject of the previous
class sessions, while the final paper should assess the results of the
Monterrey conference in the light of the initial objectives.
Credit hours: Students can sign-up for 1 to 3 credit hours. The workload
will be adjusted for those choosing to take fewer than 3 credit hours.
Class meetings: The class will meet during 8 weeks over
the course of the semester-approximately every-other week. The class usually
meets on Friday afternoon and Saturday morning. Note that for several of
then weeks, we will meet on only one of the days. And on January 26 we
will hold class in the morning and in the early afternoon.
Course Outline
Session I: January 26:
The first meeting will be held on Saturday January 26, morning
and
afternoon sessions.
Topic 1: The Creation of the United Nations System in the 1940s
The Initial Structure and Division of Labour
Gardner, Part II, Part V
Topic 2: The Role of Development in the Objectives of the United
Nations
Emmerij, Chapter 1
Topic 3: The Rise of Development Theory
R. Toye, J. Toye, Prebisch,
Topic 4: The Creation of G-77, UNCTAD, the NIEO
History of UNCTAD, J. Toye, Emmerij, Chapter 1
Session II: February 8-9: Topic 5: The Golden Age and the Age
of Debt Williamson
Topic 6: The Problem of Negative Net Resource Flows Trade and
Development Reports, 1986, 1998, 2000, Kregel
Topic 7: The Response in the UN to the Debt Crisis and Its Aftermath:
the shift of power to the Specialised Agencies
Emmerij Chapter 5
Session III: February 22 Discussion of First Papers
Session IV: March 1-2:
Topic 8: The proposal for A Conference on Financing for Development:
The Operation of the UN Documents
Topic 9: The proposal for A Conference on Financing for Development:
the substantive issues
in the Agenda UN Documents Supplied Session V: March 22 Discussion
of Second Papers
Session VI: March 29-30:
Topic 10: The Monterrey Conference: the Negotiations and the
Outcome Readings to be supplied after the completion of the Conference!!
Session VII: April 12
Discussion of Third Paper
Session VIII: May 3
Discussion of draft Term Paper
TERM PAPER DUE DATE: MAY 10
New Course, Fall
2001:
The Economics of Health & Medicine
(Credit Hours: 3; Section LEC VOA; Ref. #: 16651)
Meets: Tuesday and Thursday, 3:00 pm -
4:15 pm, room 206, Royal Hall.
Instructor: Cathy
Carroll Ph.D., Assistant Professor Division of Pharmacy Practice
and Department of Economics
carrollc@umkc.edu,
816-235-5734
Course Description: A course designed
to discuss economic analysis of the development of the medical market,
organized medicine and the structure of health delivery systems. The problems
of the medical market will be analyzed, the role of insurance will be investigated
and alternative public policies will be studied. A copy of the syllabus
is available upon request.
Dear Students,
In Summer 2001,
the Economics Department offers two courses:
508 - Controversial Issues in Recent Economic
Literature (outline
and description of 508)
590 - Special Topics
To take 508 it would be best if you have had 502.
But if you have not had 502 and still want to take 508, please contact
me.
If you plan on enrolling for 590 first make sure
the your supervisor will be around for much of the summer.
Sincerely,
Professor Fred
Lee
NEW COURSE: ECONOMIC POLICY: Economics
438/538
PROFESSOR RANDALL
WRAY WINTER 2001, MEETS: M/W
5:30-6:45 RH 311
COURSE DESCRIPTION: This course provides an overview of economic policy.
We first examine the theoretical justification(s) for government intervention
in the modern capitalist economy. This, of course, is controversial; while
few economists argue for complete absence of government intervention, the
degree of intervention desired varies greatly. There are two main traditions:
the Keynesian/Institutionalist tradition that not only tends to support
a great deal of intervention, but which also sees the "free market economy"
as an impossibility; the other tradition is the Neoclassical, which sees
a limited role for the government in the case of "market failures" and
perhaps a few other "special cases". Note that even Neoclassical economists
vary a great deal in the amount of government intervention desired, but
in contrast to the Keynesian/Institutionalist tradition, government is
indeed seen as an “intruder" into a reasonably well-functioning market
economy. Next we turn to an examination of recent trends regarding public
policy in the US, paying particular attention to the so-called "fiscal
crisis" and rise of "balanced-budget conservatism", and to the fall
of "Keynesianism". This trend is in evidence in virtually every developed
capitalist country, so we shall puzzle over the reasons for the simultaneous
adoption of Monetarist, Supply Side, and Fiscal Austerity policies in most
countries. Finally, we examine a number of policy issues that are of almost
universal importance for the developed capitalist countries: economic growth,
inflation, aging (with special emphasis on the "Social Security Crisis"),
poverty and income distribution (with special emphasis on high U.S. incarceration
rates), unemployment, and ethics and communitarian values.
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Department
of Economics
211
Haag Hall
University
of Missouri-Kansas City
5100
Rockhill Road
Kansas
City, Missouri 64110
Phone:
(816) 235-1314
Fax:
(816) 235-2834
Send
e-mail to, economics@umkc.edu
