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Course Criteria
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3.00 Credits
3 credits Does not count toward the business or economics major and may not be taken as a liberal arts elective. Provides students with the rudiments of economic literacy and understanding. It is partly descriptive of the present-day economy, partly theoretical, and partly speculative. The role of economics in everyday life, the operation of markets, and the determination of national income provide the focal points for lectures and discussion.
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3.00 Credits
3 credits Does not count toward the economics major. This course will apply models of rational economic decision-making to the complex role of the consumer in a period of profound social and technological change. Specifically, consumer decision-making in relation to advertising, career choice, taxes, personal finance, and the environment will be discussed.
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3.00 Credits
3 credits An introduction to a number of the major concepts employed in the analysis of economic decision-making by individuals and organizations, combined with the study of contemporary economic institutions, problems, and policy alternatives. Scarcity and choice, the price mechanism and planning, and the structure of American business and labor are considered, along with such issues as income distribution and the role of government in economic affairs.
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3.00 Credits
3 credits An introduction to the theory of national income determination. The goals of full employment, price stability, and economic growth are examined, and the alternative uses of fiscal and monetary policy are considered. The primary object of the course is to lead to an understanding of how the national economy operates, and with what consequences.
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3.00 Credits
3 credits Prerequisites: ECA 111, 112, and 113. An introduction to the methods of data collection, analysis, and presentation commonly employed by economic and financial analysts. Topics covered include: probability and sampling theory, regression, and correlation. Computer applications will also be explored.
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3.00 Credits
3 credits Prerequisites: ECA 111 and 112. An exploration of the major schools of economics, in their historical context, since the 18th century. These include the mercantilists, the physiocrats, the English classical school, Marxism, the neoclassical school, and the Keynesians.
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3.00 Credits
3 credits Prerequisites: ECA 111 and 112. An examination of economic issues related to the natural world. Questions of theory, institution, measurement, and policy are addressed. Topics include the market analysis of public goods, the tragedy of the commons, green G.D.P., economic sustainability, and cost-benefit analysis.
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3.00 Credits
3 credits Prerequisites: ECA 111 and 112. The study of international economic relations including trade theory, barriers to trade, economic integration, the relationship between trade and growth, balance of payments adjustments, and international monetary systems.
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3.00 Credits
3 credits Prerequisites: ECA 111 and 112. Definition, study, and assessment of the factors and forces affecting economic development. Several theories of development are discussed and case studies are examined.
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3.00 Credits
3 credits Prerequisites: ECA 111 and 112. A comparison of theoretical and actual economic systems with reference to topics such as efficiency, equity, incentives, decision-making procedures, and objectives.
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