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Course Criteria
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3.00 Credits
Economic analysis is applied to managerial decisions. Techniques for analyzing and estimating revenue, cost, and profit are studied, along with pricing and profit-maximizing strategies within different market structures. 3 credit hours. Prerequisite: ECON 214, MGT 249, and either MATH 240 or 248. Offered spring.
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3.00 Credits
Theoretical foundations covered in Economics 214 are expanded upon. Myriad applications of that theory are developed, using graphical and mathematical techniques. The role of microeconomics in managerial decision making is explored. 3 credit hours. Prerequisite: ECON 214, 215; MATH 238. Offered fall.
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3.00 Credits
Macroeconomic models are used to analyze economic growth, unemployment, and inflation. Also examined are the effectiveness of fiscal and monetary policies, using models depicting the interactions of product, resource, and financial markets. 3 credit hours. Prerequisite: ECON 214, 215; MATH 238. Offered spring.
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3.00 Credits
Students select a topic and undertake concentrated research under the supervision of a faculty advisor. 3 credit hours. Prerequisite: consent of department chair. Offered as needed.
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3.00 Credits
The theory of international trade is analyzed. Topics include the benefits of trade and the effects of tariffs, quotas, and customs unions. Also covered are the theories of international monetary relations, capital flows, and exchange rate. 3 credit hours. Prerequisite: ECON 214, 215; MATH 177. Offered as needed.
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3.00 Credits
The characteristics of developing countries and the process of economic development are examined. Topics include poverty, inequality, unemployment, capital formation in industry and agriculture, and the effects of foreign trade and aid. 3 credit hours. Prerequisite: ECON 214, 215; MATH 177. Offered as needed.
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3.00 Credits
The structures and operations of human resource markets are analyzed, including pricing and allocation of labor resources, wage differentials, income distribution, discrimination, and unemployment. (Formerly Human Resources Economics.) 3 credit hours. Prerequisite: ECON 214, 215; MATH 177. Offered as needed.
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3.00 Credits
The role of the public sector in the United States and its effect on the economy are studied. Also studied are the impacts of federal, state, and local government expenditure and revenue. (Formerly Public Finance.) 3 credit hours. Prerequisite: ECON 214, 215; MATH 177. Offered as needed.
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3.00 Credits
The structure and functions of financial institutions are examined along with the money creation process. Emphasis is on the role of commercial banks and the monetary policy actions of the Federal Reserve designed to stabilize the economy. 3 credit hours. Prerequisite: ECON 214, 215; MATH 177. Offered as needed.
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3.00 Credits
Economic analysis is applied to the development and problems of urban areas. Urban issues, such as poverty, housing, and transportation, are also analyzed, along with the market forces that determine why and where urban areas develop. 3 credit hours. Prerequisite: ECON 214, 215; MATH 177. Offered as needed.
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