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Course Criteria
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4.00 Credits
Focuses on the economy as a whole (the "macroeconomy"). Begins with the meaning and measurement of important macroeconomic data (on unemployment, inflation, and production), then turns to the behavior of the overall economy. Topics include long-run economic growth and the standard of living; the causes and consequences of economic booms and recessions; the banking system and the Federal Reserve; the stock and bond markets; and the role of government policy.
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4.00 Credits
Examines the manner in which producers, consumers, and resource owners acting through the market determine the prices and output of goods, the allocation of productive resources, and the functional distribution of incomes. The price system is seen as a network of interrelated decisions, with the market process serving to communicate information to decision makers.
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4.00 Credits
Rigorous examination of consumer choice, profitmaximizing behavior on the part of firms, and equilibrium in product markets. Topics include choice under uncertainty, strategic interactions between firms in noncompetitive environments, intertemporal decision making, and investment in public goods.
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4.00 Credits
Study of aggregate economic analysis with special attention paid to the determination of the level of income, employment, and inflation. Critically examines both the theories and the policies associated with them.
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4.00 Credits
Study of aggregate economic analysis, with attention paid to the determination of the level of income, employment, and inflation. Critically examines both the theories and the policies associated with them. This course involves more formal analysis than that used in ECON-UA 12.
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4.00 Credits
Introduction to statistics. Topics: descriptive statistics; introduction to probability; sampling; statistical inferences concerning means, standard deviations, and proportions; analysis of variance; linear regressions; and correlation. Laboratory periods cover sample problems drawn primarily from economics. Meets three times a week, plus a lab session.
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2.00 Credits
An introduction to the linear regression model, inference in regression analysis, multiple regression analysis, and an introduction to time series analysis.
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4.00 Credits
Focuses on individual economic decision-makers- households, business firms, and government agencies-and how they are linked together. The emphasis is on decision making by households and firms and how these decisions shape our economic life. Explores the different environments in which businesses sell their products, hire workers, and raise funds to expand their operations; the economic effects of trade between nations; and the effects of various government policies, such as minimum-wage legislation, rent controls, antitrust laws, and more.
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4.00 Credits
Introduction to statistical reasoning. Topics covered include descriptive statistics, calculation of moments, probability theory, an introduction to distribution theory, and an introduction to inference. Lab sessions enable the student to run a wide variety of computer experiments and to simulate all distributions that are discussed, as well as to experiment with a variety of statistical procedures. Second-Year Core Courses Notes applying only to students who entered NYU before Fall 2012: Wherever Mathematics for Economics II (MATH-UA 212) is listed as a prerequisite, Calculus I (MATH-UA 121) or Advanced Placement credit in Calculus may be substituted as the prerequisite; Intermediate Microeconomics (P) (ECON-UA 10) is not a prerequisite for Intermediate Macroeconomics (ECON-UA 12); and Topics in Econometrics (ECON-UA 380) is not a core course.
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4.00 Credits
Analytic survey of the structure of the U.S. economy. National income and its distribution; population and land; capital accumulation and development of financial institutions; labor and labor unions; technological change; the market, both domestic and foreign; and the economic effects of government policy.
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