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  • 3.00 Credits

    Prerequisite: EC102. Examines the non-market provision of goods and services. Students learn to analyze public expenditure and tax policies and investigate their impact on income distribution and resource allocation. Topics include the analysis of collective decision-mak- ing and the application of cost-benefit analysis.
  • 3.00 Credits

    Prerequisite: EC103. Recommended Prerequisite: EC301. Exam- ines the financial side of international economic activity. Topics include balance of payments; foreign exchange; spot markets and forward markets; covered and uncov- ered interest parity conditions; monetary and portfolio balance models of exchange rate determination; macro- economic policy in an open economy; under fixed and flexible exchange rates; optimum currency areas; and issues surrounding the European Monetary Union.
  • 3.00 Credits

    Prerequisite: EC102 or EC103. Investigates the theory and practice of international trade. The course begins with an analysis of the basis and gains from trade and con-340 The Sellinger School of Business and management siders trade policy and obstructions to trade. It reaches focus on special topics such as the relationship between trade and the environment and the development of other economies.
  • 3.00 Credits

    Prerequisite: EC102 or EC103. Examines the theory and practice of the economic development of nations. The first segment focuses on the meaning of development. The second segment considers the internal and external forces that encourage or discourage economic develop- ment. The course closes with a consideration of special topics such as the link between development, environ- ment, education, and income distribution.
  • 3.00 Credits

    Prerequisite: EC102, EC103, EC220. Develops expertise in applying microeconomic analysis to practical business management decisions using a combination of economic theory, quantitative tools, and practical exercises. Stu- dents identify and analyze aspects of business strategy decisions. Topics include demand and cost, including the theory and how to apply it in a practical way; pric- ing; competitive strategies; and the impact of the envi- ronment of business and governmental actions on busi- ness decision-making.
  • 3.00 Credits

    Prerequisite: EC102. Examines the nature of business behavior in competitive and noncompetitive markets and the nature and consequences of government regula- tion of this behavior. Students acquire tools useful in the development of competitive strategies and develop a sophisticated understanding of regulatory institutions and behavior. Topics include collusion, mergers and acquisitions, predatory behavior and monopolization, emerging deregulation of public utilities, and health and safety regulations.
  • 3.00 Credits

    Prerequisite: EC102, EC103, EC220. Develops expertise in pricing for profitability. Economics and marketing tools are used to consider how firms can successfully price in a variety of situations. Topics include competi- tion, the role of cost in pricing, successful price changes, life cycle pricing, when to negotiate, and price sensitivity. The course is a mix of theory and practical application to frequently occurring business situations. Same course as MK470. (Fall/Spring)
  • 3.00 Credits

    Prerequisite: EC102. Focuses on the labor market with emphasis on the economic incentives related to work and the individual and institutional responses to them. Students learn to identify the critical economic aspects of individual, firm, and governmental decisions relating to work and the investment in human capital. Topics include supply and demand for labor; labor markets; investment in human capital, including college; unions; unemployment; welfare; public policies related to labor; and the importance of incentives for behavior in each of these contexts.
  • 3.00 Credits

    Prerequisite: EC102. Examines the basic concepts and models of health economics. Students learn to under- stand and critique the health care industry and proposed policies. Topics include the institutional and economic structure of the health care industry; the incentives provided by the market, government, and insurance; the private and public demand; production; and the political economy of health care.
  • 1.00 Credits

    Prerequisite: EC420 (may be taken concurrently). An indepen- dent laboratory course in the use of Statistical Analysis System (SAS). SAS is a statistical software package that is widely used throughout the government, business, industrial, scientific, and academic sectors. Proficiency in using SAS for data management, analysis, and report- ing is developed. The focus is on developing SAS com- puter experience and extensive project work while reviewing business statistics and econometrics. Closed to students who have taken or plan to take ST365.
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