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Course Criteria
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3.00 Credits
Fulfills a course requirement in the economics core concentration.Prerequisites: ECON 101 and 102; MATH 141 or equivalent; MATH 124.An introduction to the use of statistical methods to estimate and testeconomic models, with emphasis on the linear regression model. Thecourse is a hands-on approach, stressing applications to empiricalproblems in economics. Hypothesis testing and inference from bothbivariate and multivariate regression models will be stressed in theclass.
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3.00 Credits
Fulfills a course requirement in the economics core concentration.Prerequisite: ECON 101This course provides an overview of the financial system, with anin-depth examination of the structure, tools, and goals of a centralbank in a market economy. Topics covered include the mechanism bywhich interest rates are determined; the money supply process andthe determinants of money demand; banking regulations and financialinnovations; and the effect of financial market disturbances on theeconomy. The structure and policies of the U.S. Federal Reserve willbe compared to other major central banks, including the EuropeanCentral Bank.
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3.00 Credits
Fulfills a course requirement in the economics core concentration.Prerequisite: ECON 101 or ECON 102This course examines how under certain situations free marketsrather than government intervention are the best method to protectthe environment. This is a unique way of looking at resources andenvironmental problems since most pundits believe that markets causethese problems. This class is a survey of the arguments in support ofwhat is commonly referred to as "free market environmentalism." Thepurpose of the course is to reveal how economists, in particular freemarket environmentalists, view resource and environment problemsand how they would create environmental policy.
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3.00 Credits
Fulfills a course requirement in the economics core concentration.Prerequisite: ECON 102This course focuses on the development challenges faced by thedeveloping and the least developed countries in the world. Topicsstudied are poverty, inequality, unemployment, population growth,illiteracy, urbanization, environmental degradation, health, andinternational relations with the developed world. Real worlddevelopment experience and possible policy options in dealing withthese problems are part of the course, along with relevant classiceconomic models of development.
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3.00 Credits
Fulfills a course requirement in the economics core concentration.Prerequisite: ECON 101Differences in countries' income levels and growth rates will be exploredusing both theoretical and empirical frameworks. The main questions tobe addressed: what causes differences in living standards and economicgrowth over time and across countries; which policies can sustain andachieve growth? Topics include the stylized facts of growth, the role ofphysical and human capital and technology
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3.00 Credits
Fulfills a course requirement in the economics core concentration.Prerequisite: ECON 102This course considers international trade in theory and in practice.Issues addressed include why nations trade; trade and the welfare ofworkers in developed and developing nations; the use of tariffs, quotasand other instruments of protection; NAFTA, WTO and economicsintegration; and the costs and benefits of international migration. Thespecial trade-related problems of developing countries and the historyof the international trading system are also discussed.
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3.00 Credits
Fulfills a course requirement in the economics core concentration.Prerequisite: ECON 101This course provides an understanding of the current internationalmonetary system, capital flows, and macroeconomic policy decisionsin an open economy. Topics include the balance of payments, foreignexchange markets, speculative currency attacks and arbitrage.Government policies under fixed and flexible exchange rates will beanalyzed. Contemporary issues such as the role of the InternationalMonetary Fund, European Monetary Union, the debt crisis, andfinancial crises in Mexico and South East Asia are examined.
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3.00 Credits
Prerequisite: ECON 102In a perfectly competitive world governments are unnecessary asthey could not enhance economic efficiency. However, in the realworld markets may fail to deliver economic efficiency (market failure)opening the possibility that government can improve efficiently.Further, free markets sometimes provide grossly unequal rewards forcitizens, and the governments may formulate policies to provide a"fairer" distribution of resources. This course deals with governmentintervention in markets and the economics of the public sector. Wewill also study how government policy is affected by voter behavior.This course will examine, among others, the topics of externalities,public goods, solutions to market failure, theories of taxation, andbenefit -cost analysis.
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3.00 Credits
Fulfills an upper division elective requirement for a B.A or B.S in Economic;serves as an elective requirement for other Business majorsPrerequisite: ECON 102This course deals with the role of economics in managing andmitigating international conflict and raising the level of internationalsecurity. The economic challenges to the provision and maintenanceof a level of global security that is conducive to the growth,integration, and development of the world economy will be studied inthis course. Theoretical and empirical models that help us understandthe dynamics of global conflict process, the cost of conflict, issues inconflict management, and the mechanics of global security provisionwill be investigated. Important policy issues facing governments andinternational organizations that undertake to enhance internationalsecurity will also be covered.
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3.00 Credits
Fulfills a course requirement in the economics core concentration.Prerequisite: Consent of instructorSelected topics provide study in areas chosen by students inconsultation with faculty. Provides an advanced level of course workor research in economics.
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