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Course Criteria
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4.00 Credits
A study of the economics of money, banking, financial markets, and the role of U.S. monetary policy in macroeconomic stabilization and economic growth. Topics include financial markets and institutions, central banking system, monetary theory and policy. Emphasizes the role of the Federal Reserve System and its policies in maintaining economic growth and stability. Prerequisite: ECON 2034. IV
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4.00 Credits
Development of the microeconomic theory of decision-making by households and business firms. Special emphasis on applications of the theory of the firm to business situations. Prerequisites: ECON 2024. IV
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4.00 Credits
Study of macroeconomic theories, monetary and fiscal policy. Analysis of the factors that determine the economy's aggregate output, employment, interest rates, and general price level. Topics include unemployment, inflation, business cycles, and economic growth. Current issues and controversies in macroeconomics, including issues in macroeconomic stabilization policies and international macroeconomics. Prerequisites: ECON 2034. IV
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4.00 Credits
The study of a school of thought, issue, policy application, or an individual not fully treated in other courses. Topics change from term to term and are announced in advance. May be repeated for credit provided different topics are covered. Prerequisites: ECON 2024 and 2034 or permission of instructor. IV
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4.00 Credits
Examines the economic justification for government participation in a market economy and evaluates government activities from the standpoint of economic efficiency. Topics include public goods, externalities, market failure, public choice analysis, expenditure programs, transfer programs, taxation, and regulation. Prerequisite: ECON 2024. IV
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4.00 Credits
A study of theory and policy of international economic relations. Topics include international trade theory, international trade policy, and international monetary economics. Analysis of trade models, regional economic integration, the balance of payments, international capital flows, exchange rate theories, the evolution of the international financial system, open economy macroeconomic policy, and contemporary issues in the global economy. Prerequisite: ECON 2024. IV
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4.00 Credits
Designed to acquaint the student with the most common mathematical tools encountered in advanced study of economics. Applications include equilibrium analysis of markets, National Income Equilibrium, and elasticity of demand and supply. Prerequisites: MATH 1144 and 2124 or permission of instructor. IV
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4.00 Credits
A description, analysis, and evaluation of capitalism, socialism, communism, and mixed economic systems. The theories, institutions, and policies which provide direction and coordination for these systems will be examined, and case studies of particular countries will be conducted. Prerequisite: ECON 2024 or 2034 or permission of instructor. IVW
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4.00 Credits
Designed to provide advanced undergraduates with experience in independent, self-directed study in which they initiate, plan, and direct their own research activities under the supervision and guidance of a member of the economics program faculty. A proposal for study must be submitted before the beginning of the term during which it is to take place, and it must be approved by both the supervising faculty member and the economics program director. Prerequisites: ECON 2024, 2034, and 5 units in economics or a related discipline.
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4.00 Credits
A study of the origins of modern economic thought. Explores the historical development of economic theories from ancient to modern times, with emphasis on how these theories evolved into our present understanding of economics. Critical analysis of the evolution of key economic ideas by examining main contributions of the most outstanding economists in each period of economic thought. Topics include classical, Marxian, neoclassical, institutional, and Keynesian economics. Prerequisites: ECON 2024, 2034. III B or IVW
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