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Course Criteria
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3.00 Credits
This course includes two key components: a theoretical examination of the basic theories of regional economic development such as growth poles, spillovers, infrastructure requirements, and center-periphery analysis; and an application of these theories to a specific economic issue.Students participate in a comprehensive study of a significant economic issue facing a Connecticut community, in cooperation with a regional agency, resulting in detailed analysis of the issues and potential solutions.Fieldwork is required.Three credits.
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3.00 Credits
This course builds upon and expands the theoretical models of EC 11.The course introduces indifference curves to explain consumer behavior; short- and long-run production functions, showing their relationship to product costs; and the efficiency of various competitive market structures.Topics include marginal productivity theory of income distribution, monopoly, and general equilibrium theory.Required for all majors.(Prerequisite: EC 11) Three credits.
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1.00 Credits
In this lab, students actively engage in the science of economics.Activities include lectures on mathematical methods, advanced problem-solving projects, collaborative teamwork experiences, and computer simulations.Note: This lab is required of all students pursuing the B.S.in economics; it is optional for students earning the B.A.(Co-requisite: EC 204) One credit.
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3.00 Credits
This course, which includes computer applications, analyzes the determination of national income and output; fiscal and monetary tools; and growth, inflation, and stabilization policies.Required for all majors.(Prerequisite: EC 12) Three credits.
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1.00 Credits
In this lab, students actively engage in the science of economics.Activities include lectures on mathematical methods, advanced problem-solving projects, collabora-tive teamwork experiences, and computer simulations.Note: This lab is required of all students pursuing the B.S.in economics; it is optional for students earning the B.A.(Co-requisite: EC 205) One credit.
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3.00 Credits
This course covers the commercial banking industry, the money market, Federal Reserve operations and policy making, and monetary theory.(Prerequisite: EC 12) Three credits.
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3.00 Credits
After examining economic rationales for government intervention in markets, students analyze microeconomic and macroeconomic policy issues using economic concepts and tools.Topics vary depending on current events.Previous policy issues include welfare reform, markets for human organs, alcohol consumption by college students, the extent to which monetary policy has shaped the post-war business cycle, policy-maker reaction functions, the role of discretionary fiscal policy, the Bush tax cut, and the impact of federal government deficits on the economy.(Prerequisites: EC 11, EC 12) Three credits.
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3.00 Credits
Nearly 70 percent of income earned in the United States is a return to labor.This course applies the fundamentals of microeconomic and macroeconomic analysis to important decisions that people make in labor markets.From an employee's perspective, questions include: Should I work in exchange for a wage If so, how much How will my work affect my lifestyle and family decisions Should I go to school to improve my skills From an employer's perspective, questions include: Should I hire workers If so, how many How should I pick workers out of a pool of applicants What techniques should I use to provide incentives for these workers Many of the answers to these questions require complex analysis and an understanding of the impact of government policy on the workplace.The course explores a variety of public policy issues such as minimum wage programs, government welfare programs, workplace regulatory requirements, Title IX, immigration, and the union movement.(Prerequisites: EC 11, EC 12) Three credits.
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3.00 Credits
This in-depth examination of the economic tools used in environmental economics and policymaking builds on basic environmental economic concepts and provides the opportunity to put those concepts into practice.The course explores common externalities and market failures in the United States and analyzes governmental policies used to control them.(Prerequisite: EC 11 or EC 120, or permission of instructor.) Three credits.
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3.00 Credits
Is communism dead Is capitalism the only real economic system left This course explores the various economic systems that are used to distribute resources, i.e., to decide "who gets what" in a nation's economy.The course considers the differences between alternative distribution mechanisms, what it means to transition from one system to another, and how these economic decisions are affected by political and national realities.Because there are so many international alternatives to be explored, each semester focuses on an economic region of the globe - Asian, Eastern European, African, or Latin American.This course, where appropriate, is available for credit in international studies or area studies programs.(Prerequisites: EC 11, EC 12) Three credit
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