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ECON 201: Principles of Microeconomics
3.00 Credits
University of South Dakota
Principles of microeconomics studies basic economic concepts as they relate to consumer, worker, and business decisions. Emphasis is given to satisfaction maximizing behavior by individuals and profit maximization by firms. Market structures are thoroughly analyzed regarding their effect on price, output, and competitiveness. Credits: 3
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ECON 201 - Principles of Microeconomics
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ECON 202: Principles of Macroeconomics
3.00 Credits
University of South Dakota
Principles of macroeconomics considers the economy as a whole, how its sectors interact, and how monetary and fiscal policy can influence output, inflation, interest rates, unemployment, poverty, debt, and other factors. Credits: 3
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ECON 202 - Principles of Macroeconomics
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ECON 301: Intermediate Microeconomics
3.00 Credits
University of South Dakota
Intermediate microeconomics examines more advanced microeconomic theory, then applies it to consumers' and businesses' consumption, pricing, and output decisions in various types of markets.Prerequisites and Corequisites Course prerequisites: ECON 201 and 202 and one of the following: MATH 121 or 123 or 125 or 225 Credits: 3
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ECON 301 - Intermediate Microeconomics
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ECON 302: Intermediate Macroeconomics
3.00 Credits
University of South Dakota
Intermediate macroeconomics examines more advanced macroeconomic theories, then uses them to understand the determinants of national output, prices, interest rates, and employment under various conditions, and to evaluate effectiveness of monetary and fiscal policies. Prerequisites and Corequisites Course prerequisites: ECON 201 and 202 Credits: 3
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ECON 302 - Intermediate Macroeconomics
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ECON 330: Money and Banking
3.00 Credits
University of South Dakota
Money and banking examines the historical development of money, the bank system, and the federal reserve in the United States. The course studies interest rate determination and how monetary policy affects rates and the economy. Prerequisites and Corequisites Course prerequisites: ECON 201 and 202 Credits: 3
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ECON 330 - Money and Banking
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ECON 403: History of Economic Thought
3.00 Credits
University of South Dakota
History of economic thought surveys the historical development of economic theory from ancient to modern times. The writings of Aristotle, Adam Smith, Marx, and Marshall provide part of the diverse menu of economic thought. Prerequisites and Corequisites Course prerequisites: ECON 201 and 202 Credits: 3
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ECON 403 - History of Economic Thought
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ECON 404: American Economic History
3.00 Credits
University of South Dakota
American economic history surveys the economic development of the United States, with special attention given to the effects of political, social, and economic conditions. Prerequisites and Corequisites Course prerequisites: ECON 201 and 202 Credits: 3
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ECON 404 - American Economic History
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ECON 405: Comparative Economic Systems
3.00 Credits
University of South Dakota
Comparative economic systems studies the characteristics of modern economic systems and the significant thought and experience that have influenced their emergence and development. It uses the U.S. as a benchmark for comparing developed and developing economies in terms of output per capita, social welfare, income distribution, and other conditions. Prerequisites and Corequisites Course prerequisites: ECON 201 and 202 Credits: 2-3
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ECON 405 - Comparative Economic Systems
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ECON 409: Welfare Economics
3.00 Credits
University of South Dakota
Welfare Economics involves a rigorous discussion of the allocation of resources among alternative uses and of the allocation of the product to competing groups. Subjects covered include the pure theory of welfare economics and the theory of welfare change measurements. Prerequisites and Corequisites Course prerequisites: ECON 201 and 202 Credits: 3
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ECON 409 - Welfare Economics
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ECON 410: Economic Growth & Development
3.00 Credits
University of South Dakota
Economic Growth and Development surveys the major economic and non-economic problems of developing nations. Consideration is given to national and international policies for economic development. Prerequisites and Corequisites Course prerequisites: ECON 201 and 202 Credits: 3
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ECON 410 - Economic Growth & Development
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