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Course Criteria
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3.00 Credits
The functions of money, credit, and financial institutions in our economy. Prerequisite: ECON 2113. (fall, summer I)
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3.00 Credits
This course expands on the principles and analysis of ECON 2013 and 2113. It gives an exposition of contemporary economic theory and its uses. The student learns how to apply economic logic to many different business and government decisions, especially involving pricing policies, market structure, welfare analysis, and the workings of the modern market system. Prerequisite: ECON 2113. (fall)
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3.00 Credits
Macroeconomics is concerned with the aggregate economy more than with individual firms or consumers. Perhaps the most important issues are the relationships among inflation, unemployment, and interest rates. Understanding these relationships allows one to better appreciate the logic of Federal Reserve policies and other policies. Other issues include business cycles, government deficits and surpluses, productivity, growth, and the different schools of macroeconomic thought. Prerequisite: ECON 2113. (spring)
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3.00 Credits
An economic view of labor and the relationship of the laborer to his employer, union, and society, the development of human capital; trade unions; and wage differentials in different industries and between races and sexes. Prerequisite: ECON 2113. (fall-alternate)
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3.00 Credits
Upon completion of this course, a student will be able to appreciate the problems that societies face regarding sustainable growth and its effects on the environment and natural resources, both exhaustible and renewable. Participants gain an understanding of the basic principles of cost-benefit analysis and are able to analyze regulatory policies regarding pollution and other environmental issues. Prerequisite: ECON 2113. (spring-alternate)
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3.00 Credits
This course shows how business activity, politics, and individual interaction can be described as games. From this understanding, it then moves to how to play these games to win or not lose. It focuses on how to make strategically appropriate decisions based on predicting the likely behavior of other players. The basic structure of games is introduced as are the solution concepts used in each structure. Prerequisite: ECON 2113. (TBA)
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3.00 Credits
International economics can be split into macroeconomics and microeconomics. On the microeconomic side are the benefits and costs of free international trade, the effects of trade policies such as tariffs and export subsidies, international investment and the multinational corporation, and the effects of free trade agreements and the World Trade Organization. On the macro side, topics include the determinants and effects of exchange rates, exchange rate policies, and the cause and effects of the current account deficits. Prerequisite: ECON 3013 or MBM 3513. (TBA)
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3.00 Credits
While most of economics studies the workings of the private sector, public economics is concerned with government operations, especially taxes and spending. The course looks at the effects of taxes on the rest of the economy and the logic of different tax policies; tax equity or fairness; and the effects of various government spending programs, including those concerned with public goods and income redistribution. The course also studies the incentives to which politicians and government employees respond. Prerequisite: ECON 2113. (TBA)
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3.00 Credits
This course deals with the relationship between economically important U.S. laws and the effects these laws have on the economy. The laws are examined by their development and intent. Alternative market structures are developed. How different laws have different effects in different markets is examined to see how the laws actually affect the economy. Prerequisite: ECON 2113. (spring-alternate).
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3.00 Credits
"The great economists" from the Physiocrats to the present, andtheir influence on current economic thinking. Prerequisite: ECON 2113. (TBA)
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