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Course Criteria
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3.00 Credits
Examination of the composition of the national income and the effects of changes in its components upon the level of national income. Also analyzed are the nature of business cycle fluctuations, with attention to the interrelated problems of inflation, balance of payments, unemployment, and economic growth. The problem of forecasting economic activity and the development of private and public stabilization programs are analyzed. Prerequisite: ECO 100 and 101. 3 credits.
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3.00 Credits
Prerequisites: ECO 100 and 101. Analysis of the economic principles and processes involved in the structure and operation of a predominantly free-enterprise economic system. Attention is given to pricing and distribution theory (micro- analysis). 3 credits.
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3.00 Credits
Prerequisites: ECO 100 and 101, and MAT 120. A first course in statistics concentrates on applications in business and economic decision making. Topics covered include descriptive statistics, basic probability distributions, sampling theory, confidence interval estimation, hypothesis testing, correlation, and simple regression analysis. 3 credits.
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3.00 Credits
Prerequisites are based upon content. This is a special course that is either in the pilot stage or a course that will be offered once. 3 credits
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3.00 Credits
Prerequisites: ECO 100 or departmental permission. The purpose of this course is fourfold: (1) to introduce the student to the field and tools of development economics; (2) to explore in depth the philosophical, theoretical, and policy-oriented complexities of contemporary development issues facing over two-thirds of the world's population; (3) to examine the strengths and weaknesses of alternative development strategies in light of country experience, and (4) to evaluate recent policy options introduced in development. 3 credits.
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3.00 Credits
Prerequisites: ECO 100 and 101. A knowledge of statistics is helpful. This course covers topics in both the supply of and demand for labor, wage determination, the effects of market structure on the equilibrium in the labor market, and the theory of human capital. Additional issues may include labor market discrimination, time allocation between and among households, and the effect of unions. 3 credits.
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3.00 Credits
Prerequisites: ECO 100 and 101. An economic analysis of the structure and functioning of contemporary urban communities to identify and study the more pressing economic problems. Attention is directed to the changing structure of central cities, fiscal arrangements, housing markets, and public goods. 3 credits.
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3.00 Credits
Prerequisites: ECO 100, 101, and 221. Application of quantitative methods to economics and business. All decision problems are motivated and organized along an economic and business line of thinking. Specific topics are linear programming, transportation problems, probability concepts, Bayes' decision rule, game theory, Markov chains, queuing, and inventory models. 3 credits.
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3.00 Credits
Prerequisites: ECO 100 and 101. Principles and techniques involved in obtaining and expending funds by governmental bodies. Considered also are the nature of governmental borrowing and indebtedness as well as sources of revenue and fiscal administration. 3 credits.
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3.00 Credits
Prerequisites: ECO 100, 101, and 221. An exposition of methods of the empirical determination of economic laws. Topics include the general linear regression model and the corrective measures to take in the critical use of ready-made econometric computer programs which come with an understanding of the rationale of the various methods of econometrics. 3 credits.
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