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Course Criteria
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3.00 Credits
Three Credits Fall Semester Analysis of the operation of financial markets and financial institutions focusing on financial intermediaries including commercial banks, investment banks and the central bank. Examines the structure and performance of the bond and stock markets, derivatives, and other financial instruments. Extensive use current market information prepares students with the real-world knowledge and experience necessary for careers in the financial world. Prerequisites: EC 176 and EC 178.
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3.00 Credits
Three Credits Not Offered 2008-2009 This course covers the major themes of the theory of international trade. The gains from trade, tariff and non-tariff barriers to trade, the theories of international trade such as the theory of absolute and comparative advantage and the Heckscher-Ohlin theory will be studied. The justifications for trade protection, its effects on the economy, historical and contemporary U.S. trade policy and the economics of regional trade agreements will also be discussed. Prerequisites: EC 176 and EC 178.
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3.00 Credits
Three Credits Alternate Years: Fall 2009, 2011 Focus on how an understanding of the law is furthered by an awareness of the economic background against which it operates. The course draws from economic principles developing concepts such as efficiency, property rights, regulation and income distribution. Applications of these ideas include crime, discrimination, health, the environment, professional sports, gun control, and the legal services industry. Prerequisites: EC 176 and EC 178.
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3.00 Credits
Three Credits Spring Semester Economic analysis of urban and regional dynamics, especially changing population and business location factors. Examines the problems of modern cities, e.g., housing, transportation, education, crime, and the cost of providing municipal services. Prerequisite: EC 176.
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3.00 Credits
Three Credits Spring Semester Economic analysis of health care delivery markets, physician and nurse shortages, insurance industry distortions, models of hospital behavior, demand and supply considerations, impact of market failure. Prerequisite: EC 176.
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3.00 Credits
Three Credits Not Offered 2008-2009 Economic analysis of labor markets, supply and demand considerations, labor force participation, wage determination models, discrimination theories, unemployment, manpower planning programs, and other public policies. Prerequisite: EC 176 and EC 178.
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3.00 Credits
Three Credits Spring Semester Topics in natural resource and energy economics and environmental regulation, include the allocation, development, conservation, and scarcity of natural resources. We study pollution control through taxes, quotas and standards using cost-benefit models as a policy guide. Types of energy resources, substitutability, conversion and the relevance of energy to economic growth is discussed. Prerequisites: EC 176 and EC 178 are recommended.
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3.00 Credits
Three Credits Alternate Years: Spring 2009, 2011 Application of microeconomic theory to industrial markets, with emphasis on structure, power, and performance. Consideration of public policies calculated to increase economic efficiency and economic welfare. Prerequisite: EC 176; recommended: EC 301 and EC 241-242.
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3.00 Credits
Three Credits Spring Semester The roles of money, central banking, and monetary policy in the economy. How the Fed's reacts to different news and how to predict the impact of the Fed's reaction on the financial community. Topics start with the Classical Theory moving onto the Keynesian Theory and Milton Friedman's Modern Quantity Theory. Different Theories on demand for money and supply of money and their impact on the conduct and results of monetary policy are examined. Prerequisite: EC 309; recommended: EC 303.
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3.00 Credits
Three Credits Alternate Years: Fall 2009, 2011 The application of economic theory and analysis to managerial decision-making. Topics include optimization techniques, alternative pricing policies, various strategic decision making analysis. Senior level managers provide interactive lectures emphasizing the decision-making process applicable to their firm or industry. Prerequisites: EC 301, EC 303, EC 241, EC 242 or equivalent.
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