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Course Criteria
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3.00 Credits
Staff Content: Theories and policies of classical, Keynesian, new classical, and new Keynesian economists; national income accounting; IS-LM analysis; aggregate supply and demand; money, interest rates, and investment; government spending and taxation; fiscal and monetary policy. Prerequisite: Economics 100. Taught: Each semester, 4 semester credits.
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3.00 Credits
Goodstein, Grant, O'Sullivan Content: An analysis of markets and the potential sources of market failure. Demand theory, production theory, market structure, factor pricing, general equilibrium. Principles governing production, exchange, and consumption among individual consumers and firms. Prerequisite: Economics 100. Taught: Each semester, 4 semester credits.
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3.00 Credits
Hart-Landsberg Content: Economic and political developments in South and North Korea. State and society in traditional Korea, socioeconomic legacies of colonial Korea, division of the peninsula following World War II, postwar economic experiences of the two Koreas, Asian models of capitalism and socialism, inter-Korea relations and the relationships of the two Koreas with major powers, especially the United States. Prerequisite: Economics 100. Taught: Alternate years, 4 semester credits.
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3.00 Credits
Staff Content: Opportunities for well-prepared students to design and pursue a substantive course of independent learning. Details determined by the student and the supervising instructor. Prerequisite: Consent of department. Taught: Annually, 4 semester credits.
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3.00 Credits
Grant Content: Construction and estimation of empirical models of the economy; using empirical models to test economic hypotheses. Multiple regression analysis, residual analysis, analysis of variance. Prerequisites: Economics 103. Economics 291 or 292. Mathematics 131. Taught: Annually, 4 semester credits.
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3.00 Credits
Hart-Landsberg Content: Theoretical and practical problems of international economics; ideas and policies governing international trade and finance. Trade theory, foreign exchange markets, balance of payments, transnational corporate activity. Prerequisite: Economics 291 or 292. Taught: Annually, 4 semester credits.
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3.00 Credits
Schleef Content: Quantitative modeling tools applied to economics and management decision making. Deterministic modeling techniques include linear optimization and other techniques from operations research. Models for capturing uncertainty draw upon concepts from statistics and Monte Carlo simulation. Prerequisite: Economics 103. Taught: Annually, 4 semester credits.
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3.00 Credits
Staff Content: How financial accounting information is used by decision makers outside a firm to analyze the firm's performance. How managers use information to make decisions about planning, operating, and control in the firm. Emphasis on case analysis. Prerequisite: Economics 210. Taught: Annually, 4 semester credits.
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3.00 Credits
O'Sullivan Content: Economic aspects of urban areas. Why cities exist and how they interact within a regional economy; the pattern of land use in modern metropolitan areas; the economic forces behind urban problems such as poverty, crime, congestion, and sprawl; evaluation of the merits of alternative policy responses to urban problems. Prerequisite: Economics 292. Taught: Alternate years, 4 semester credits.
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3.00 Credits
Grant Content: The operation and political economy of labor markets: supply of and demand for labor, wage determination under various market structures, discrimination, the role of trade unions, the nature of work. Prerequisite: Economics 292. Taught: Alternate years, 4 semester credits.
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