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Course Criteria
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4.00 Credits
Lecture-3 hours; discussion-1 hour. Prerequisite:course 100; Mathematics 16B and 21B. Economics analysis of the relative virtues of capitalism and socialism, including welfare economics. Marxian exploitation theory, the socialist calculation debate (Hayek and Lange), alternative capitalist systems (Japan, Germany, U.S.) and contemporary models of market socialism.
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4.00 Credits
Lecture-3 hours; discussion-1 hour. Prerequisite:courses 1A-1B; 100, or consent of instructor. An appraisal of the role of competition and monopoly in the American economy; market structure, conduct, and economic performance of a variety of industries. GE credit: SocSci.-II, III. (II, III.)
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4.00 Credits
Lecture-3 hours; discussion-1 hour. Prerequisite:course 1A, 1B, 100, or consent of instructor. The study of antitrust and economic regulation. Emphasis on applying theoretical models to U.S. industries and case studies, including telecommunications, soft ware, and electricity markets. Topics include natural monopoly, optimal and actual regulatory mechanisms, deregulation, mergers, predatory pricing, and monopolization.-II, III. (II, III.)
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4.00 Credits
Lecture-3 hours; discussion-1 hour. Prerequisite:course 100, Mathematics 16A and 16B or 21A and 21B or consent of instructor. Introduction to game theory. Explanation of the behavior of rational individuals with interacting and often conflicting interests. Non-cooperative and cooperative theory. Applications to economics, political science and other fields.-I, III. (I, III.)
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4.00 Credits
Lecture-3 hours; discussion-1 hour. Prerequisite:course 100, or consent of instructor. Public expenditures; theory and applications. Efficiency and equity of competitive markets; externalities, public goods, and market failures; positive and normative aspects of public policy for expenditure, including benefitcost analysis. Topics include consumer protection, pollution, education, poverty and crime.-I, II, III. (I, II, III.)
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4.00 Credits
Lecture-3 hours; discussion-1 hour. Prerequisite:course 100. Economic burden of taxation; equity and efficiency considerations in tax design; structure and economic effects of the U.S. tax system (including personal income tax, corporation income tax, and property tax); tax loopholes; recent developments; tax reform proposals.-I, II, III. (I, II, III.)
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4.00 Credits
Lecture-3 hours; discussion-1 hour. Prerequisite:course 100 or consent of instructor. The health care market, emphasizing the role and use of economics. Individual demand, provision of services by doctors and hospitals, health insurance, managed care and competition, the role of government access to health care.-I, II. (I, II.) Cameron
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4.00 Credits
Lecture-3 hours; discussion-1 hour. Prerequisite:courses 1A, 1B, and 100; Mathematics 16A; Statistics 13. General background and rationale of corporation; finance as resource allocation over time; decision making under uncertainty and the role of information; capital market and interest rate structure; financial decisions. Students who have completed Agricultural and Resource Economics 171A may not receive credit for this course.-I, II, III. (I, II, III.)
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4.00 Credits
Lecture-3 hours; discussion-1 hour. Prerequisite:course 101; Statistics 13. Banks and the banking system. Uncertainty and asymmetric information in the lending process; efficiency of competitive equilibrium in lending markets. Regulation and the conduct of monetary policy.-I, II, III. (I, II, III.)
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4.00 Credits
Lecture-3 hours; discussion-1 hour. Prerequisite:course 101. Advanced Topics in macroeconomics theory. The course develops the theoretical and empirical analysis of a specific field of macroeconomics. Possible topics include, business cycle theories, growth theory, monetary economics, political economics and theories of unemployment and inflation.- III. (III.)
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