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Course Criteria
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3.00 Credits
This course is designed to allow students to improve their economic reasoning skills. Microeconomic theory is taught by application to real-world economic problems. Prerequisite: EC 242.
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3.00 Credits
This course addresses both the economic theory and government policy of trade. Important concepts and issues include comparative advantage, factor endowments, fairness vs. efficiency, and trade policy instruments, including subsidies and tariffs. Pre requisite: EC 242 and 243.
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3.00 Credits
International differences in economic systems are studied. Special emphasis is placed on comparisons of differing versions of capitalist systems as they have developed in Europe, Asia, and North America. Attention is also directed to underdeveloped and transitional economics in East-Central Europe, Latin America, and Southeast Asia. Pre requisites: EC 242 and 243.
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3.00 Credits
This course is an economic analysis of labor markets and institutions. Microeconomic concepts of labor supply and demand are applied to the determinants of wages and employment, the economic impacts of trade unions, welfare policies, occupational safety and health regulations, discrimination and comparable worth policies, and the economics of pensions and fringe benefits. Prerequisite: EC 242.
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3.00 Credits
This course is an introduction to corporate finance. Most of the class covers the theory and practice of asset valuation and pricing, with applications to the long-term investment decision. The implications of capital structure decisions will be evaluated. Prerequisites: AC 141 and EC 242. Not available for credit toward the Accounting, Business, or International Business majors. (Cross-listed as BS 381.)
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3.00 Credits
Quantitative methods for economic research are introduced in this class. The primary focus is on testing empirical issues with multiple regression techniques. The classical least squares model is presented and applied using PC software packages. This course emphasizes understanding when to apply regression techniques, interpretation of statistical results, and sources of potential biases. Prerequisites: EC 242 or 243; and MA 321.
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3.00 Credits
This seminar examines the ways firms and markets are organized, exploring how various types of market structures affect firm behavior, and, in turn, how firm behavior affects the structure of markets. Topics include entrepreneurship, small vs. large firms, mergers and acquisitions, shareholders vs. stakeholders, and the ethics of competition. Pre requisite: EC 242.
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3.00 Credits
A macroeconomic approach to the study of global markets is taken in this course. Specific topics and concepts examined include balance of payments, exchange rate systems, the World Bank, the IMF, international banking, and the European Union. Prerequisites: EC 242, EC 243, and BS 381. (Cross-listed as BS 463.)
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3.00 Credits
This class studies theories of the business cycle and inflation. Differences between Keynesian, classical, neo-Keynesian, and real business cycle models are studied, and implications for macroeconomic policy are derived. Prerequisite: EC 243.
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1.00 - 3.00 Credits
This course is arranged between the instructor and student. Prerequisite: Department chair approval.
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