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Course Criteria
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4.00 Credits
Prereq: consent of Director of Undergraduate Studies prior to registration; economics honors program, senior standing, major in economics. Must be elected two successive semesters. Research methodology, reading and discussion in areas selected by the seminar instructor. A senior honors essay. (T)
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4.00 Credits
Prereq: ECO 2010, MAT 1500 or MAT 1800 or equiv. based on satisfactory score on mathematics placement exam. Theory of the firm and consumer. Analysis of a price system as a means to efficient allocation of productive resources. (T)
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4.00 Credits
Prereq: ECO 5000 and MAT 2010 or MAT 5010 or equiv. ECO 5020 offered for undergraduate credit only; ECO 7020 offered for graduate credit only. Basic mathematical methods applied to economic analysis, including applications of differential and integral calculus, analytical geometry, and linear algebra. Problems used to illustrate applications in microeconomics and macroeconomics. (F)
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4.00 Credits
Prereq: ECO 2020, MAT 1500 or MAT 1800 or equiv. based on satisfactory score on mathematics placement exam. Theory of national income determination. National output and income, saving and capital formation. (T)
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4.00 Credits
Prereq: ECO 2010, 2020; MAT 1500 or MAT 1800 or equiv. based on satisfactory score on mathematics placement exam. Elementary probability theory, discrete and continuous probability distribution, sampling distribution, interval estimation, hypothesis testing, and estimation and inference in simple and multiple regression models. (T)
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4.00 Credits
Prereq: ECO 2010. Open only to undergraduate students. Public regulation of prices, profits, service, and entry in industries such as electrical power, natural gas, telephones, broadcasting, and transportation; the rationale for having public regulation, and the analysis of its economic effects; reform of the scope and practice of regulation; public ownership; regulation of occupational and product safety standards and environmental standards. (Y)
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4.00 Credits
Prereq: ECO 2010. Open only to undergraduate students. Monopoly, oligopoly, and competition in U.S. industry; sources of market power and their effect on prices, profits, and technological progress, as illustrated by such industries as steel, automobiles, petroleum, retailing, or prescription drugs. Selected topics in antitrust policy. (Y)
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4.00 Credits
Prereq: ECO 2010. Open only to undergraduates. Economic analysis of property rights, torts, contracts, criminal law, the law of business organizations and financial markets, and the law of taxation. Economic analysis of litigation; the use of economics and statistics in litigation. (Y)
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4.00 Credits
Prereq: ECO 2010. Open only to undergraduates. Factors in international relations; patterns of international specialization; balance of international payments; foreign exchange; commercial policy of United States and other countries; foreign investment and economic development; international economic cooperation. (F)
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4.00 Credits
Prereq: ECO 2020. Open only to undergraduates. Major policy issues in the field of international finance with emphasis on open economy macroeconomics. Topics include the balance of payments and the foreign exchange market; monetary and fiscal policies in open economies; the floating exchange rate system; international financial markets; and European monetary integration. (W)
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