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Course Criteria
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3.00 Credits
This course introduces students to the issues of risk and uncertainty that have become a standard part of microeconomic analysis and applied economics: expected utility theory and its criticism, applications of expected utility theory and economic and game-theoretic equilibrium analysis to insurance economics, incentives (moral hazard and adverse selection), and economic organization (theory of contracts).
Prerequisite:
ECON 1102 (C052), STAT 1001 (C011) and 2102 (0022) or 2103; or permission of instructor
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3.00 Credits
The development of economic analysis from the pre-classical period to the
neo-classical tradition that dominates contemporary mainstream economic thinking; emphasis on the work of Adam Smith, Malthus, Ricardo, the Marginalists, Marx,
and Marshall.
Prerequisite:
ECON 1101 (C051) and 1102 (C052); or permission of instructor
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3.00 Credits
An overview of the forces that influence economic development and growth. Topics include alternative theories of development, empirical studies of the development process, and the role of non-economic factors in helping or hindering economic progress. Note: Course taught in Temple University Japan.
Prerequisite:
ECON 1101 (C051), 1102 (C052), or 1103 (C055)
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3.00 Credits
An overview of U.S. antitrust policy as applied to monopoly, mergers, price
discrimination, tying agreements, and patents. Includes analysis of antitrust issues in
law, medicine, and professional sports. The relative merits of government
ownership, regulation, and antitrust policy are examined.
Prerequisite:
ECON 1101 (C051) and 1102 (C052); or permission of instructor
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3.00 Credits
Examines the competitive and monopolistic features of American industry and their
effect on product prices and quality, the distribution of income, the rate of
technological progress, and, among others, the efficient utilization of scarce
resources, and economic rationale for the antitrust laws.
Prerequisite:
ECON 1101 (C051) and 1102 (C052); or permission of instructor
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3.00 Credits
The course highlights how two economic models – market and government control – are combined and applied in different societies. Specifics are studied for the following cases: (1) the U.S., with traditionally lowest government involvement in economic activity; (2) West European countries, with both market and socialist oriented institutions; (3) the former Soviet Union and Central European countries, which rejected complete government control and are being transformed into market economies; and (4) China, where the government keeps control of big business and allows economic freedom for small business and agriculture. An important consideration is how various systems promote economic growth and withstand crises.
Prerequisite:
ECON 1101 (C051) and 1102 (C052), or the equivalent
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3.00 Credits
The application of microeconomic principles to business planning and decision-making. Topics include demand estimation, cost analysis, and production planning.
Prerequisite:
ECON 1101 (C051) and 1102 (C052); or permission of instructor
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3.00 Credits
The analysis of failures of a government-controlled economic model and transition to a market economy, with major attention paid to the creation of new economic institutions in a relatively short time under immense pressure. Topics include transition policies, theory of privatization and the ugly forms of implementation, capital formation, the new enterprise, institutional change, markets and corruption, property rights and the rule of law, varying attitudes towards democracy, and the social safety net.
Prerequisite:
ECON 1101 (C051)
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3.00 Credits
This course introduces students to a variety of economic disciplines through the
prism of professional and amateur sports. Students confront industrial organization
and anti-trust issues involving sports leagues, public finance issues involving the
relationship between cities and franchises, and labor issues involving reward
systems, unions and discrimination. The course concludes with an analysis of
collegiate sports and the NCAA.
Prerequisite:
ECON 1101 (C051) and 1102 (C052); or ECON 1001 (C050); or permission of instructor
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3.00 Credits
This course provides an overview of the microeconomic issues faced by the cultural sector of society. The fine arts, performing arts, book publishing, and film industries receive specific attention. At the end of the course, the successful student will have acquired a sense of how art and culture fit in the economy, what are the basic economic issues faced by artists, and how the perceived value of art and culture affects public support for the arts.
Prerequisite:
ECON 1102 (C052); or permission of instructor
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