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Course Criteria
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3.00 Credits
An intermediate treatment of microeconomic theory and applications. Topics include consumer behavior, production, costs, perfect competition, imperfect
competition, factor markets, public goods, and market failure. Note: This theory course is designed for economics, finance, and actuarial science majors with analytic skills. It is required for all Economics majors. It is not recommended for non-majors who earned less than B- in Economics 1101 or 1102.
Prerequisite:
ECON 1101 (C051) and 1102 (C052); or permission of instructor
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3.00 Credits
An intermediate treatment of macroeconomic theory and policy. Following a discussion of the important macroeconomic sectors, static and dynamic macroeconomic models are developed. Unemployment, inflation, business cycles, monetary and fiscal policy, economic growth, and the balance of payments are then analyzed using these models. Note: This theory course is designed for economics, finance, and actuarial science majors with analytic skills. It is required for all Economics majors. Not recommended for non-majors who earned less than B- in Economics 1101 or 1102.
Prerequisite:
ECON 1101 (C051) and 1102 (C052); or permission of instructor
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3.00 Credits
Introduction to the theory and practice of econometrics. Topics include a review of basic statistics, simple regression, multiple regression, dummy variables, autocorrelation, heteroscedasticity, and model specification. Applications in economics are stressed. Problem sets, computer estimation of economic
relationships, and a data analysis paper are required. This course is strongly recommended for Economics majors. Note: Not recommended for non-majors who earned less than B- in Economics 1101 or 1102.
Prerequisite:
ECON 1101 (C051) and 1102 (C052), and STAT 2102 (0022) or 2103; or permission of instructor
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3.00 Credits
Elements of set theory, calculus, and matrix algebra are presented and used to analyze mathematical models from economic theory, econometrics, management science, and statistics. This course is strongly recommended for Economics majors.
Prerequisite:
ECON 1101 (C051), ECON 1102 (C052), and any one of the following: STAT 1102 (C012), MATH 1031 (C077), MATH C075 (taken prior to Summer 2007 session) or MATH 1041 (C085); or permission of instructor
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3.00 Credits
Examines the role of money in open and closed economies. Topics include money
demand and supply, the role of money in equilibrium macroeconomic models, and
monetary policy.
Prerequisite:
FINANCE 3011 (0101), ECON 3502 (0202), or permission of instructor
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3.00 Credits
After surveying the elements of energy and ecology, and reviewing the basics of economics, this course investigates the interaction of the three. Each of the major nonrenewable and renewable energy sources is examined in light of its “eco-feasibility”. The potential of energy conservation is examined, and the need for energy/environmental/economic (3-E) policy is debated. Some speculations about future 3-E scenarios are offered, as the U.S. and the rest of the world face their energy, ecological, and economic problems.
Prerequisite:
ECON 1101 (C051) and 1102 (C052); or permission of instructor
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3.00 Credits
Problems of efficient production and the equitable distribution of health-related services. Policy-oriented material with comprehensive review of standard
microeconomic theory in the context of supplier-dependent consumer decisions, third-party payers, and not-for-profit producers.
Prerequisite:
ECON 1102 (C052); or permission of instructor
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3.00 Credits
This course introduces students to the new trend of shifting delivery of services and
responsibilities from governments and non-profit organizations to the private
sector. It includes North American and international experiences. This course
provides public economics theoretical models, as well as description and
evaluation of experiences in the fields of justice, transportation, education, health,
and welfare. The course will further suggest models of the privatization process.
Prerequisite:
ECON 1102 (C052); or permission of instructor
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3.00 Credits
An overview of the economics of the public sector. Topics include the theories of
public goods and optimal (efficient and equitable) taxation, public expenditures,
revenues, and tax incidence.
Prerequisite:
ECON 1101 (C051) and 1102 (C052); or permission of instructor
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3.00 Credits
Economic problems confronting state and local governments. Topics include
intergovernmental relationships, the response of state and local governments to
problems of urbanization, and the impact of state and local taxes and
expenditures.
Prerequisite:
ECON 1101 (C051) and 1102 (C052); or permission of instructor
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