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Course Criteria
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4.00 Credits
An introduction to two key decisions: selection of projects using the net present value rule, and the choice between debt and equity financing. Topics include: decision-making under conditions of risk, the valuation of options, mergers and international finance, limitations of the net present value rule, valuation of long-term investments. Assignments include problem sets and case studies for discussion in class. Prerequisite: Courses 205 and 230. Enrollment limited to 30 students. Y. Park
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4.00 Credits
Economic history and the history of economic thought since the French Revolution. Topics include state building; industrialization, Marxism, imperialism, economic growth, hot and cold wars, conservative, Keynesian, and institutional theories of the economy. Primary sources are read. Prerequisite: Course 205 or 206. Enrollment limited to 30 students. S. Pack
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4.00 Credits
Examination of economic justifications for government activity and the impact of government spending and taxing on the economy. Analysis of spending programs, such as education, defense, health and social insurance, and the nature and effects of taxes, particularly the personal and corporate income taxes and consumption taxes. Attention to the roles of different levels of government in a federal system. Prerequisite: Courses 111 and 205. Enrollment limited to 30 students. D. Peppard
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4.00 Credits
International finance builds on macroeconomic tools of analysis and deals with the balance of payments and exchange rate dynamics along with the effectiveness of macroeconomic policy in an open world economy with floating exchange rates. Theory will be complemented by a survey of the history and political economy of international financial regimes. Prerequisite: Course 206. Enrollment limited to 30 students. M. Howard
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4.00 Credits
Simultaneous equation systems, difference equations, stationary time series models, arch models, maximum likelihood estimation, stochastic trends, unit root processes, and Dickey-Fuller tests. Extensive use of econometric software and lab facilities, and written projects integrating economics and quantitative methods. Strongly recommended for students planning to do Individual Study or Honors Study, as well as for students planning to pursue graduate work or a professional career in economics. Prerequisite: Course 230 and Mathematics 112. Enrollment limited to 20 students. E. McKenna
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4.00 Credits
Individual Study
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4.00 Credits
The history and current status of four important forms of legal gambling in the United States: lotteries, casinos, Indian gambling, and pari-mutuel betting on horses. Issues include current policy debates regarding the spread of casino gambling with a view toward suggesting appropriate public policies, and social and economic effects of these forms of gambling. Prerequisite: Courses 205 and 230. Enrollment limited to 15 students with preference given to seniors. D. Peppard
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4.00 Credits
The application of economic theory to environmental problems and natural resource use with special reference to cost-benefit analysis, dynamic efficiency, externalities, and public goods. Current issues such as global warming, acid deposition, fossil fuel use, biodiversity, and environmental justice will be discussed. Each issue will be analyzed in terms of recent policy changes and their economic implications. Prerequisite: Course 230 and either 205 or 307 with permission of the instructor. Enrollment limited to 15 students with preference given to seniors. G. Visgilio
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4.00 Credits
A study of the causes of and relationship between inflation and unemployment. Mone- tarist, Keynesian and Post-Keynesian views of inflation and unemployment will be examined in terms of theoretical and policy arguments, the interrelation of inflation and unemployment, and the strengths and weaknesses inherent in each view. Prerequisite: Courses 206 and 230.Open to junior and senior economics majors. Enrollment limited to 15 students with preference given to seniors. E. McKenna
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4.00 Credits
Selected readings in national and international political economy. Prerequisite: Courses 205, 206, 230 and either 210 or 234 or 237; or permission of the instructor. Enrollment limited to 15 students. M. Cruz-Saco, R. Jensen, D. Peppard
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