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Course Criteria
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3.00 Credits
Prerequisite: ECON 3001 or BUS AD 5001, or P P ADM 6080. Same as P P ADM 6210. Application of tools of intermediate microeconomics to address public sector issues. Special emphasis is placed on critically analyzing current public policy debates using the models developed. Topics covered include: cases in which competitive market fails to allocate resources efficiently (e.g., externalities and public goods), importance of property rights, incentive effects of the tax and transfer system, and the fundamentals of cost-benefit analysis.
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3.00 Credits
Prerequisites: ECON 3001 or consent of instructor. Public choice is the analysis of government and governmental institutions through the logic of economics. It assumes the same principles that economists use to analyze actions in the marketplace, and applies them to actions made in collective decision-making. Topics covered include: the efficiency of democracy, voting methods, the incentives of legislators, bureaucrats and lobbyists, political competition, and public institutions and economic growth.
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3.00 Credits
Prerequisites: ECON 3001 or BUS AD 5001; ECON 4150. An analysis of the functioning of business firms under alternative market arrangements. Topics include: the theory and measurement of monopoly power and the role of economies of scale, product differentiation, and entry conditions in affecting this power; the impact of market power on the price-setting behavior, advertising and promotional strategies, and technological innovation of firms; the role of government policy in promoting or preventing competition among firms.
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3.00 Credits
Prerequisites: ECON 3001, BUS AD 5000 or BUS AD 5001 and ECON 4150. Application of economic theory and techniques to the telecommunications industry. Topics include demand theory for telephone access and use, consumer surplus models for subscription choice, nonlinear pricing strategies including pure and mixed bundling and multi-part tariffs, the incentives of the firm under various regulatory regimes, a comparison of rate-of-return regulation and incentive (price cap) regulation, and the impact of carrier-of-last-resort responsibilities.
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3.00 Credits
Prerequisites: ECON 3301 or BUS AD 5000. This course makes use of range of economic concepts to examine the nature of markets in which transport services are provided. This course is designed for future transportation professionals who wish to explore the fundamentals of economics in their field and for graduate students in public policy and economics wishing an economics-based understanding of transportation issues. Basic concepts covered include the theory of transportation demand, transportation costs and investment planning, and current topics in transportation economics such as regulation-deregulation and social cost pricing.
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3.00 Credits
Prerequisites: ECON 3001, 3002, 3100, or equivalent, or consent of instructor. Reviews issues of law that dictate conditions under which forensic economic analysis is admissible. Topics include introduction to common law, federal and state court systems, statutory basis for wrongful death damages, "make, differences by class of litigation, determination of whole" principle, efficient deterrence and efficient compensation relevant law, legal implications of "preferred jury instructions," standards for admissibility of economic expertise.
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3.00 Credits
Prerequisites: ECON 3001, 3002, 3100, or equivalent; or consent of instructor. Focuses on areas of labor economics of special importance in forensic economic analysis. Topics include human capital as a recoverable asset, age-earnings cycles, variations in age-earnings cycles, earning capacity versus expected earnings, theories of family and family bargaining, theory of discrimination and tests for presence of discrimination.
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3.00 Credits
Prerequisites: ECON 3001, 3002, 3100, or equivalent; or consent of instructor. Reviews methodologies for standard damage categories in forensic economic analysis. Topics include methods for establishing base earnings, use of age-earnings profile data, discount rates, net discount rates and stability of relationship between wage growth and discount rates, analysis of fringe benefit packages, concepts and measurement of nonmarket family services, hedonic damage controversy, analysis of personal consumption/personal maintenance for wrongful death cases.
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3.00 Credits
Prerequisites: ECON 3001, 3002, 3100, or equivalent; or consent of instructor. Review of relevant statistical techniques, data sources, and reliability factors. Since factual information about individual tort victims is often limited in forensic economic assessment, this course deals extensively with issues of inference that must be made with little data. Also addresses issues of scientific admissibility and Internet as a potential source of relevant data.
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3.00 Credits
Prerequisites: ECON 3001, 3002, 3100, or equivalent; or consent of instructor. A professional writing course in which students are expected to prepare both a report suitable for litigation and a paper written in publication format for a professional journal or law review. Some student papers will be publishable in specialized journals, legal publications, and law reviews.
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