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Course Criteria
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4.00 Credits
F. Further development of skills in speaking, listening, reading, and writing Dutch. Includes systematic grammar review and the introduction to finer points of grammar and idiomatic use of the language. Cultural topics are explored through film and short literary texts. Prerequisite: Dutch 102 or permission of the instructor.
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3.00 Credits
F and S. The institutions of the North American market economy are studied, examining the determinants of resource allocation, income distribution, prices, production, income and employment levels, and economic growth. Topics include international economic relations and the role of government in the economy. Christian ideas about justice, freedom, and stewardship are applied to economic questions. Students intending to major or minor in economics or business should not take this course, but should take Economics
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1.00 Credits
An introduction to differential calculus and optimization techniques used in business applications. The concept of changes at the margin and derivatives will be applied to problems in operations management, management decision theory and economic analysis. Students will also study constrained and unconstrained optimization and use it to solve problems in areas such as product pricing, production, capital budgeting, and assessing risk in markets. This course is for business students, to normally be taken concurrently with Math 201 and Economics 221 ( by students not completing another calculus course) This course does not satisfy the calculus requirement for economics majors.
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3.00 Credits
to satisfy this core requirement.
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4.00 Credits
The honors section of "Principles of Microeconomics"is similar to other sections regarding content and general course requirements. However, the honors section will be conducted with greater opportunities for group discussion and classroom reporting of student research results. This course meets a core requirement in the Societal Structures category. Enrollment in honors ECON 221 is limited to 20 and is normally not open to first-year students. Not offered 2007-2008.
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3.00 Credits
F and S. A continuation of Economics 221. A study and evaluation of the determination of national income, including analysis of consumer spending and saving patterns, business investment, government spending, taxation, monetary policy, unemployment, and inflation. The course includes an introduction to international trade and finance. Prerequisite: Economics 221.
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3.00 Credits
F. A study of environmental problems in relationship to Christian stewardship, sustainability, economic efficiency, and justice. Topics include economic activity as a source of environmental problems, measurement of the costs and benefits of environmental policies, and design and evaluation of public and business policies to address these problems. No prerequisite.
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3.00 Credits
S. This course focuses on the economies of a particular region of the world. African, Asian and Latin American economies are studied on a rotating basis. The course begins with a study of basic differences in economic systems and institutions of modern economies. These concepts are then applied to more detailed historical study of a number of key regional economies. The possibility of a distinct regional development model is considered. This course satisfies the Global and Historical Studies core requirement if a student has previously taken a World History class. Prerequisite: An introductory level course in economics.
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3.00 Credits
S. An introduction to economics in the context of a study of health economics and health policy, with detailed focus on the U.S. health care system. The intent of the course is to develop an understanding of economic principles that can be used with other criteria to evaluate the historical and future direction of the U.S. health care system. Topics include efficiency and the equity of resource allocation, ethical perspectives of health care access, history and reform of health care policy, and the development and evolution of insurance, hospital and health care provider markets. Students will be challenged to further develop and apply a reformed Christian world-view to these issues. This course is recommended for students seeking a professional career in mental health, medicine, nursing, human resources, health care management, or public policy. Not open to first-year students.
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4.00 Credits
F and S. An intermediate-level study of microeconomic theory emphasizing applications to managerial decision-making in such areas as market and risk analysis, demand forecasting, production and cost analysis, product pricing, profit planning, and capital budgeting. Goals of firms and the use of economic theory in achieving them are examined and evaluated. Prerequisites: Economics 221; Information Systems 171; Mathematics 143, 243, or 343; and Math 201 and Econ 200 ( business majors) or, Mathematics 132 or 161 ( economics majors)
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