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Course Criteria
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3.00 Credits
Fundamental principles governing production, distribution, and exchange of wealth with emphasis on current economic problems. This course is the macroeconomic approach, emphasizing national income determination, fiscal policy, monetary policy and economic stabilization policy, international linkages, balance of payment issues, exchange rate determination and international trade. Offered fall and spring semester. Prerequisite: Mathematics 099 or equivalent.
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3.00 Credits
Fundamental principles governing production, distribution, and exchange of wealth with emphasis on current economic problems. This course is the microeconomic approach, emphasizing consumer choice theory, decision making of firms based on costs and revenues, income determination and distribution, market structures, market failures, the economic role of government in a mixed economy, and comparative economic systems. Offered fall and spring semester. Prerequisite: Mathematics 099 or equivalent.
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3.00 Credits
Fundamental principles governing production, distribution, and exchange of wealth with emphasis on current economic problems. This course is the microeconomic approach, emphasizing consumer choice theory, decision making of firms based on costs and revenues, income determination and distribution, market structures, market failures, the economic role of government in a mixed economy, and comparative economic systems. Offered fall and spring semester. Prerequisite: Mathematics 099 or equivalent.
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4.00 Credits
The course, theories of economic development, introduces students to the contents of the theory and practice of economic development. While studying this course, students are not only exposed to the orthodox theories and models of development, but also gain deeper insights into the significance of the quality of the human factor (HF) to development and underdevelopment. Offered spring semester. Prerequisites: Economics 101 and 102 or consent of instructor.
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2.00 Credits
Analytical tools of economics are used to explain the spatial and economic organization of cities and metropolitan areas. Urban problems such as poverty, slums, housing, crime, congestion, pollution, urban renewal, and finance are identified. Empirical evidence is examined and effective policy solutions discussed. Prerequisites: Economics 102, Mathematics 123.
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2.00 Credits
An interdisciplinary study of the revenues and expenditures of federal, state, and local governments. Effects on the global and national economies of public spending, debts and taxation, financing social security, and other services. Special emphasis on current events and issues. Prerequisite: Economics 101 or Political Science 165.
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4.00 Credits
The functions of money, credit and banking in the economic system, monetary standard, banking and monetary theory, central banking, and government fiscal policies. Offered spring semester. Prerequisite: Economics 101.
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4.00 Credits
This course presents detailed treatment of theories and models of international trade, rationale for barriers to trade, government trade policies, international trade agreements and organizations, balance of payments, exchange rate regimes, currency unions, and foreign debt issues. Also offered as Political Science 437. Offered spring semester. Prerequisites: Economics 101 and 102.
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2.00 Credits
A study of social issues pertaining to race and gender in economics and education. The economic status of different races and genders are examined, and the impact of educational opportunity on races, genders, and economic status are discussed. The extent to which discrimination inhibits educational opportunity and economic status is considered. Prerequisite: Junior or Senior standing. Recommended: Economics 102 or Education 300.
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4.00 Credits
A study of the history of the development of major concepts of economic analysis and theory. Emphasis is placed on the role of the economic, political, social, and religious environments in the development of economic thinking and analysis. Consideration is given to the major economic theorists and how biblical concepts influence their thinking. Offered fall semester. Prerequisites: Economics 101 and 102.
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