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Course Criteria
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3.00 Credits
The primary concerns of microeconomic principles are (a) the manner in which prices of goods and services are determined; (b) the way in which these values determine the distribution of income and wealth; and (c) how prices and other parameters influence individual and business decisions. The implications of different market structures ranging from competitive to monopolistic are explored as is the role of government in market economies. Economic controversies about trade, income inequality, and government regulations are highlighted. Credits: 3 cr. Liberal Studies Requirement: Social Science/Organizational Studies
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3.00 Credits
Develops the conceptual framework of statistical thinking. Follows with examination of applications in experimental design, statistical description, and inference, as these relate to such topics as probability distributions, regressions, correlation, analysis of variance, and so on. Students work with a computerized statistical package and prepare a report. Prerequisites: EC 101 or EC 103. (May be taken concurrently with EC 101 with permission of the instructor.) Credits: 4 cr. Misc. Notes: Credit will not be given for EC 205 if credit has already been given for BU 207, MA 102, or PS 213.
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3.00 Credits
A survey of major schools of economic thought and the principal developments and debates in economic theory. Discussion begins with Aristotle, but the emphasis is on developments beginning with "modern" economics in about 1800, and concluding with an outline of some current trends in economic thought.Prerequisites: EC 101 or EC 103. Credits: 4 cr.
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3.00 Credits
Study of the theoretical and actual role of government in the economy and of the governmental budget-making process. The focus is on the various tax and spending programs used to achieve economic goals, with emphasis on the federal level of government in the U.S. Includes some study of state and local governments, as well as international comparisons. Prerequisites: EC 101 or EC 103. Credits: 4 cr.
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3.00 Credits
Concentrated study of economic theory at the "macro" level. Examines topics such as consumer behavior, investment expenditures, government taxes and expenditures, with a view toward providing a consistent model of income determination. Among the topics examined with this model are fiscal versus monetary policy, balance of payment deficits, growth of an economy through time, inflation, and unemployment.Prerequisites: EC 101 or EC 103. Credits: 4 cr.
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3.00 Credits
Study of economic theory and applications at the "micro" level. Topics include the development of demand theory, the determination of optimum output levels for the individual firm and industry, and determination of rewards for inputs to production. The propositions of welfare economics are considered, and general equilibrium analysis provides an overview of the system as a whole.Prerequisites: EC 101 or EC 103. Credits: 4 cr.
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3.00 Credits
Study of major contemporary economic systems, both in their "pure" forms and as actually observed. Topics include the structure, policy making, and performance of various types of capitalist systems; the problems encountered as nations modify their economic institutions and goals; and especially current problems of economic integration in Europe.Prerequisites: EC 101 or EC 103. Credits: 4 cr.
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3.00 Credits
An overview of the nature of and reasons for international movements of merchandise and factors of production, the measurement of balance of payments transactions, the determination of exchange rates, and other topics. This course includes theoretical analysis, brief historical background, and coverage of contemporary issues in policy coordination and trade negotiation. Prerequisites: EC 101 or EC 103. Credits: 4 cr.
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3.00 Credits
Study of theories explaining economic growth and of the problems and policy choices associated with industrialization. The course emphasizes nations currently seeking to develop, with some examination of the past growth experience of industrialized countries. Prerequisites: EC 101 or EC 103. Credits: 4 cr.
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3.00 Credits
This course is an exhaustive study of poverty and development from an economic and historical perspective in two regions of the world. We will study topics such as: poverty measurement, industrialization and technology, trade and political economy of underdevelopment. The regional focus is subject to changes based on expertise of the instructor(s) teaching the course and suitability for conducting a meaningful comparative study. Prerequisites: Any economics or history course. Credits: 4 cr. Misc. Notes: This course is not a substitute for EC 321 or HI 163. At least Sophomore standing. Crosslisted: HI 323
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