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Course Criteria
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3.00 Credits
Prerequisite: Economics 111, 112; and FDMAT 112 or Math 119 This course develops the mathematical tools used in the construction and manipulation of economic models. The fact that the fi eld of economics strives to explain how and why people buy, sell, produce, trade, pollute, give to charities, etc., means that we can quantify most of the actions we are interested in. This means that mathematics plays a central role in economics. To be sure, economists can be thought of as, in part, applied mathematicians. Thus, it is essential that economic students develop a facility with the standard mathematical tools of the economist to prepare students for gradate-level economics studies (should they choose that path). (Win 09, Fall 09, Sp 10)
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3.00 Credits
Prerequisite: Econ 112 The emphasis in this course is on economics and the application of economic theory to environmental issues and problems. It is expected that students will have completed at least one course in microeconomics as these principles will be extended and applied throughout the course. (Sp 09, Fall 10)
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3.00 Credits
Prerequisite: Economics 111, 112 An introduction to international trade and fi nance. It examines international institutions, policies, and issues. (Fall, Winter, Spring)
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3.00 Credits
Prerequisite: Economics 111, 112, Math 119 or FDMAT 112 Intermediate microeconomic theory emphasizing theories of the fi rm and consumer behavior. (Fall 08, Spr 09, Win 10)
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3.00 Credits
Prerequisite: Economics 111,112, and Math 119 or FDMAT 112 This course analyzes basic models of income determination which attempt to explain how the price level, the interest rate, and the level of output and employment are determined. Monetary and fi scal policies are discussed within the framework of these models, and competing theories are compared. (Fall 08, Sp 09, Win 10)
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1.00 Credits
Prerequisite: Economics 111, 112 An arranged research, special project, or Economic Education methods course. (Fall, Winter, Spring)
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3.00 Credits
Prerequisite: Prior completion of seven of the nine 100-300 level courses in the Economics Core Requirments. Students gain internship experience working in a career-related position. The internship allows students to apply the knowledge gained in the classroom while gaining valuable work experience and exploring career opportunities in their fi eld of study. As part of the 270 hours of work experience, students complete the learning objectives of the internship and undertake a special project. (Fall, Winter, Spring)
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3.00 Credits
Prerequisite: Economics 111, 112, FDMAT 221 This course emphasizes the application of empirical methods commonly used to analyze economic phenomena. Methods of empirical analysis are used to test the validity of hypothesized economic relationships and to forecast economic trends. A mixture of theory and applied computer work with respect to estimation, hypothesis testing, model construction and development, and simulation of econometric models. Other related topics include forecasting, computer applications, and the use of econometrics in business and government. (Win 09, Fall 09, Sp 10)
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3.00 Credits
Prerequisite: Economics 111, 112, FDMAT 221 This course explores the development and application of major economic doctrines from classical through contemporary economics. Contributions of selected writers and schools of thought are analyzed, with emphasis on how these theories are used in our day. (Win 09, Fall 09, Sp 10)
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3.00 Credits
Prerequisite: Economics 111, 112 This course uses economic analysis to analyze the basic common law areas of torts, contracts, property, and criminal law. Economic tools are used both to understand the basic structure of the law (positive analysis), and to suggest how the law might be made more effi cient (normative analysis). The course assesses whether individuals or collective action (courts) are better for addressing market failures. Transaction costs and litigation costs (among other things) are crucial to the assessment. This course is recommended for economics majors who are planning to go to law school or who intend to pursue a career in the legal fi eld. "For the rational study of the law...the man of the future is the man of statistics and economics." (Oliver Wendell Holmes, The Path of Law, 1897) (Sp 09, Fall 10)
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