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Course Criteria
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3.00 Credits
General characteristics of business cycles and theories as to their cause. Fluctuations in economic activity, their importance, principal explanations suggested, and proposed remedies. Methods of estimating the probable degree and direction of business and economic change with a view to reducing business risk and uncertainty. Prerequisite: 201, 202.
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3.00 Credits
The historic setting, conditions of employment, wages, organization and conflicts, public interest, and regulation. Prerequisite: 202. F
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3.00 Credits
Current position of public regulation in labor relations; economic analysis of legislative, executive, and judicial actions to determine rights, duties, and responsibilities of labor unions and employers. Prerequisite: 202.
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3.00 Credits
Theory and behavior of consumers, analysis of production and costs, optimal decision making by the firm in competitive, monopolistic and imperfectly competitive markets, optimal resource allocation. Prerequisite: 201, 202.
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3.00 Credits
Determinants of national income and employment. The role of consumption spending, business investment, government spending, and taxing and monetary policies in determining the level of economic activity. Prerequisites: 201, 202.
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3.00 Credits
The theory of international trade from Mercantilism and the Classical world to modern Neo-classical theories; the impacts of trade policies; economic integration. Prerequisites: 201, 202.
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3.00 Credits
Determination of optimal prices, output and input utilization. Estimation of demand and cost. Decision making in the presence and absence of market power. Prerequisites: 202, QMDS 210.
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3.00 Credits
Application of microeconomic principles to problems involving exhaustible resources, renewable resources, and environmental services. Pollution, resource depletion, and the role of government in the market are discussed. Effects of policy tools such as taxation, ceiling prices, and emission standards are analyzed. Prerequisite: 201, 202. (Formerly Resource Economics.)
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3.00 Credits
Current problems of economic life and possible solutions; analysis of present policies of government and industry as such policies are influenced by foreign economic organization and cooperation. Prerequisite: 201, 202.
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3.00 Credits
Theory and practice of local, state, and federal government expenditures and revenues; shifting and incidence of the various forms of taxation; consideration of the integrating of revenues and expenditures into fiscal policy and reform. Prerequisite: 201, 202.
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