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Course Criteria
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3.00 Credits
Examines how art and entertainment mediums serve as a narrative to convey economic content. Focuses on the exchange between the rhetorical power of economics and the narrative power of the arts, such as film, song writing, and musical genres. Considers how economic forces in these industries shape entertainment or art products. May not be taken for credit by students who have received credit for ECON 481G. Enrollment Requirement: ECON 201 and 202.
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3.00 Credits
Discussion of the Federal Reserve System, money supply, and money demand. Analysis of money's effects on the price level, interest rates, employment, output, and exchange rates is analyzed. Examines how money evolved out of a barter economy. Banking and financial institutions are examined, with emphasis on innovations in financial markets. Enrollment Requirement: MATH 132 or 160, ECON 201 and 202.
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3.00 Credits
Examines the economic role of women and men in two main areas-the workplace and the family. Includes the family as an economic unit, family formation and dissolution, allocation of time between family and work; and workplace issues including earnings and occupational differentials, discrimination, and changing roles in a changing economy. Co/prerequisite: ECON 301.
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3.00 Credits
What are the major ideas and classic works in economics? Who are the economists who have had the greatest impact on shaping modern economics? What are the ideas that have revolutionized economics? Focuses on the detailed answers to these three questions. Students will read the original writings of economists. May not be taken for credit by students who have received credit for ECON 321. Enrollment Requirement: MATH 132 or 160, ECON 201 and 202.
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3.00 Credits
Public Choice is the economic approach to political decision-making. The behavior of voters, politicians, bureaucrats, judges, and members of special interest groups are examined. Includes voting paradoxes, political competition, analysis of public goods, economic theory of constitutions, using government for private purposes, the theory of the state, and an economic theory of the courts. Enrollment Requirement: MATH 132 or 160, ECON 201 and 202.
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3.00 Credits
Presents the insights that economists have brought to the study of the law since 1960, particularly as they relate to the property rights-Coasian approach to the law. This approach is then consistently applied to legal issues found in the areas of contract law, torts law, family law, criminal law, and more. May not be taken for credit by students who have received credit for ECON 415. Enrollment Requirement: ECON 201 and 202.
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3.00 Credits
Property rights, rights of individuals over resources, have significant implications for the power relationships, the socio-economic roles that individuals assume, the opportunities, responsibilities and privileges individuals possess, and the production and distribution of wealth and income in all societies. A theoretical exploration of the concept of property rights broadly defined to include rules, formal and informal, which govern economic and social exchanges. Examines related topics in information economics, transactions costs and current policy issues, such as intellectual property and environmental policy. Prerequisites: ECON 301 and 303.
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3.00 Credits
The economic justification for government is usually based on the inability of markets to achieve certain economic and social objectives. This is often referred to as market failure. Issues connected with market failure include public goods provision, externalities, the income distribution, and more. Examines the ways in which government deals with market failure. Discusses government taxation, transfer payments, and expenditure policies and the effects of these policies on incentives and behavior. Enrollment Requirement: MATH 132 or 160, ECON 201 and 202.
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3.00 Credits
Develops an economic framework to evaluate the effects of taxation on individual behavior and the distribution of income. Addresses subjects such as efficient and equitable taxation, distribution of tax burdens, personal income taxation, the corporate income tax, consumption taxes, the politics of taxation, and state lotteries. Provides students with the necessary skills to objectively evaluate tax policies. May not be taken for credit by students who received credit for ECON 481F. Prerequisite: ECON 301.
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3.00 Credits
A course in applied welfare analysis that introduces students to a set of techniques used to analyze policy. Benefit-cost analysis enables the economist to evaluate the social desirability (efficiency) of different policies. In addition to focusing on efficiency, the student will also be introduced to concepts of fairness. The course combines economic theory, in particular microeconomic theory, policy analysis, and distributive ethics. May not to be taken for credit by students who have received credit for ECON 481C. Prerequisites: ECON 301 and 303.
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