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Course Criteria
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3.00 Credits
This course will explore various C-suite [top-level leadership] strategic issues and decisions using analytical techniques that help to optimize the decision-making process. Here, students will explore structured and systematic approaches (e.g., define an issue, set objectives, consider alternatives, understand consequences, and implement the decision) through which to make strategic decisions. Then, students will leverage analytical tools or methods to help guide the strategic decision-making process to ensure that any decision supports an overall organizational strategy. Upon completion, students will be able to identify, prioritize and evaluate information that is necessary to make strategic decisions. Students should also be able to apply a structured approach to situations they currently face in the internal and external business environment.
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3.00 Credits
Introduction to Economics seeks to familiarize undergraduates with the fundamentals of economics the workings of market economy, the importance of supply and demand in determining prices, causes of unemployment and inflation, monetary and fiscal policies, Federal Reserve System, Wall Street and financial institutions, role of the government, budget deficits and public debt, international trade, comparative advantage, and trade deficits. This course cannot be used by business majors to fulfill general education, business core, or economics minor course requirements. Students having received credit for ECO 110 or ECO 120 cannot receive credit for ECO 100.
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3.00 Credits
Principles of Macroeconomics is an introduction to national income measurement, economic models of aggregate output, inflation, unemployment and economic growth. Emphasis is placed on use of fiscal and monetary policies to achieve the goals of price stability and full employment in a global economy.
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3.00 Credits
Microeconomics is the study of the economic behavior of individual units of an economy (such as a person, household, firm, or industry). It is primarily concerned with the factors that affect individual economic choices, the effect of changes in these factors on decision makers, how choices are coordinated by markets, and how prices and outputs are determined in individual markets. Since the results produced by markets are not always perfect, the role of government in correcting market failures is also examined.
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3.00 Credits
This course is a historical treatment of the economic development of the United States from colonial times to the present. Emphasis is placed on the roles played by the rule of law and the individual entrepreneur.
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3.00 Credits
Development Economics is a theory and policy oriented course that examines domestic and global aspects of the processes of economic growth and development in less-developed nations. Emphasis will be placed on exploring economic theories that explain why some countries achieve economic prosperity while others remain in poverty. Explorations of growth and development theories will be supplemented by a comparative review of policy choices and growth strategies implemented by successful and less successful countries.
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3.00 Credits
This course focuses on the application of intermediate-level microeconomic theories and concepts. Topics include consumer behavior, production and costs, price and output under alternative market structures, factor markets, and market failure. The course is required for the economics minor.
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3.00 Credits
Intermediate Macroeconomics is a branch of economics that focuses on the study of the causes of fluctuations in aggregate economic variables such as real gross domestic product, consumption, investment, inflation, and unemployment. The course will also examine how monetary and fiscal policy can be used to reduce the frequency and severity of short-term economic fluctuations so that the economy can achieve long-term economic growth, without inflations and recessions. The course is required for all students in the Economics Minor.
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3.00 Credits
This course looks at key issues in the theory and practice of financial markets, monetary policy and banking and how their interactions affect the economy. A broad range of topics will be analyzed, including the nature and uses of money, inflation, interest rates, and the structure of banks and other financial institutions. This course will also introduce students to the analysis of the Federal Reserve System and other government agencies that regulate the financial industry.
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3.00 Credits
This course examines the American health care system through the application of economic theories and empirical methods. Topics include physician and hospital services, the pharmaceutical industry, and health care insurance. The role of public policy in achieving specific social objectives is also discussed.
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