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Course Criteria
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3.00 Credits
Prerequisites: ECO 2013, ECO 2023, and ECO 3223. The role of monetary policy in various macroeconomic theories is emphasized. Focus on controversy over the effects monetary policy has on employment, inflation, and interest rates.
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3.00 Credits
Prerequisites: ECO 2013 and ECO 2023; ECO 4203 strongly recommended. This course covers the differences in income per capita in/between countries. Topics cover what drives the sustained growth in the standard of living in the United States and other developed countries, how less developed countries might catch up with the developed countries, and what has impeded this process.
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3.00 Credits
Prerequisites: ECO 2013 and ECO 2023. This course deals with issues in money, banking, and monetary policy in the United States and other countries. A major theme is how the monetary and financial organizations can be improved.
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3.00 Credits
Prerequisite: ECO 2023; ECO 4101 recommended. A non-technical introduction to strategic decision-making. Focuses on situations involving conflict and cooperation and on decision-making under conditions of uncertainty and ignorance. Applies game theory and decision theory to such topics as bargaining and negotiations, contracting, auctions, and voting.
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3.00 Credits
Prerequisites: ECO 2013, ECO 2023, and college calculus. Uses mathematical techniques such as probability, matrix algebra, and calculus to better understand fundamental principles of economics. Applies these techniques to policy analysis.
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3.00 Credits
Prerequisites: ECO 2013; ECO 2023; and STA 2023, STA 2122, or STA 4321. This course introduces statistical inference, estimation theory, model building, and forecasting methods. Emphasis is on model building and policy analysis. Extensive use is made of PC econometric software.
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3.00 Credits
Prerequisite: STA 2023, STA 2122, or STA 4321. This course provides basic skills in finding, downloading, displaying, graphing, and analyzing economics data. Topics include locating data sources, graphics methods such as data smoothing and interpolation, basic statistics, and bivariate and multivariate regression.
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3.00 Credits
Prerequisites: ECO 2013 and ECO 2023. This course is an introduction to the use of laboratory experimental economics, a relatively new method of economics research in which the classic model of laboratory experimentation is applied to microeconomics. The course is presented using both traditional lecture format and hands-on participation in different experimental economic formats.
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3.00 Credits
Prerequisite: ECO 2023. The logic of collective actions, principles of government expenditures, theory and practice in taxation, shifting and incidence of taxes.
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3.00 Credits
Prerequisite: ECO 2023 or instructor permission. Economic models are used to analyze political decision making. A theory of constitutions is developed and applied to the U.S. Constitution. Models of majority rule decision making and bureaucratic supply are used to develop an understanding of supply and demand in the public sector.
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