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Course Criteria
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4.00 Credits
Lecture, three hours. Designed for juniors/seniors. Not open to students with credit for course 1, 2, or 5. Principles of economics with application to current economic problems. May not be used to fulfill entrance requirements for any Economics Department major.
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4.00 Credits
Lecture, three hours; discussion, one hour. Requisite: course 11. Theory of factor pricing and income distribution; general equilibrium; implications of pricing process for optimum allocation of resources; interest and capital.
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4.00 Credits
Lecture, three hours; discussion, one hour. Requisite: course 101. Theory of income, employment, and price level. Analysis of secular growth and business fluctuations; introduction to monetary and fiscal policy. P/NP or letter grading.
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5.00 Credits
Lecture, three hours; discussion, one hour. Requisites: courses 11, and 41 or Statistics 11 or 100A. Introduction to theory and practice of econometrics, with goal to make students effective consumers and producers of empirical research in economics. Emphasis on intuitive understanding rather than on rigorous arguments; concepts illustrated with applications in economics. P/ NP or letter grading.
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4.00 Credits
Lecture, three hours. Requisite: course 101. Designed for departmental honors program students. Introduction to Walrasian and Nash equilibrium. Modeling of selected applied topics such as peak load pricing, pricing of externalities, strategic pricing.
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4.00 Credits
Lecture, three hours. Requisite: course 101. Designed for departmental honors program students. Imperfect information-based models of monetary business cycles: theory and evidence. Real business cycle models: role of shocks and interindustrial technology structure in explaining fluctuations. Policy analysis and policy intervention in a world with rational maximizing agents: recent perspectives.
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4.00 Credits
Lecture, three hours. Requisite: course 101. Enrollment priority to Business Economics majors. Application of economic theory to practice of managing new businesses - combining elements of strategy, marketing, and entrepreneurial finance courses. Examination of both strategic decisions of entrepreneurs (pricing, advertising, deterring entry) and more practical issues (funding, business plans, patents). Letter grading.
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4.00 Credits
Lecture, three hours. Requisite: course 102. Enrollment priority to Business Economics majors. Introduction to principles of asset valuation and role of financial markets in market economy. Basic topics include time value of money, discounted cash flow analysis, CAPM model, and applications to public policy. Letter grading.
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4.00 Credits
Lecture, three hours; discussion, one to two hours (when scheduled). Requisite: course 101. Enrollment priority to Business Economics majors. Introduction to basic ideas of game theory and strategic thinking. Discussion of ideas such as dominance, backward induction, Nash equilibrium, commitment, credibility, asymmetric information, and signaling, with application to examples from economics, politics, business, and other real-life situations. Letter grading.
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4.00 Credits
Lecture, three hours. Requisite: course 101. Enrollment priority to Business Economics majors. Study of role of innovation in history of American enterprise. Examination of specific episodes of salient entrepreneurial innovation, as well as general theoretical and empirical treatments. Letter grading.
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