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Course Criteria
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3.00 Credits
1 semester, 3 credits ( Social Science Core) This course studies the allocation of scarce economic resources within the health care market.The size and contribution of the health care sector, the role of health insurance, the organization of health institutions, the production and cost of health care, and health care reform are studied in detail. Prerequisites: ECN 101 and 102.
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3.00 Credits
1 semester, 3 credits ( Social Science Core) This course examines the underlying causes of poverty and discrimination in the United States. It provides students with the necessary skills to understand the societal consequences of these problems and to evaluate alternative policy proposals. Prerequisite: ECN 101 or 102.
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3.00 Credits
1 semester, 3 credits This course analyzes theoretical evaluations of market structure with regard to the performance and conduct of firms. Special attention is given to regulation and other public policy issues such as antitrust policy.The emphasis is on the application of theory to real-world markets. Prerequisite: ECN 101.
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3.00 Credits
1 semester, 3 credits ( Social Science Core) This course examines the economic relationships among business, government, and consumers within the contemporary legal framework. Using the case method, laws relating to business mergers, pricing, and restrictive practices are examined.While the application of microeconomic theory is the principal focus, emphasis is also given to laws relating to consumer well-being in both the labor and product markets. Prerequisite: ECN 101.
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3.00 Credits
1 semester, 3 credits This experience offers credit to students in departmentsponsored internships in for profit and non-profit business organizations and governmental agencies. Academic assignments specified in the economics internship contract must be completed. Offered on a pass-fail basis only. Prerequisite: Junior and senior economics majors only. Prior written approval of the economics department chair is required.
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3.00 Credits
1 semester, 3 credits This course studies interest rates, exchange rates, the supply of money, the management of financial intermediaries, and the role of the central bank in achieving price stability. Emphasis is placed on money creation, financial innovation, and banking regulation. Federal Reserve tools and policies are studied within a framework of contemporary macroeconomic theory, including international trade and payments. Prerequisite: ECN 202.
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3.00 Credits
1 semester, 3 credits This course provides a solid grounding in the economics of international trade. Students will learn international trade theory and how to use it to analyze public policy questions.Topics include the case for free trade, the arguments of tariff protection, and effects of trade and protectionist policies on resource allocation, income distribution, and economic growth. Prerequisite: ECN 201.
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3.00 Credits
1 semester, 3 credits The course provides an introduction to the current international monetary system. Emphasis is given to theories of exchange rates and their dynamics.The limitations imposed on monetary and fiscal policy by international capital flows will be covered thoroughly. Examines current topics in reform of the exchange rate system,monetary integration, and multi-national coordination. Prerequisite: ECN 202.
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3.00 Credits
1 semester, 3 credits This course presents an economic evaluation of the law. It examines the consequences of judicial decisions on the process of resource allocation and evaluates the legal system in terms of its ability to facilitate and achieve economic efficiency.The necessary framework for understanding the evolution of the law and the comparison of alternative legal systems is developed. Prerequisite: ECN 101.
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3.00 Credits
1 semester, 3 credits This course presents a study of econometric techniques, regression models, and time-series analysis for the purposes of forecasting and policy evaluation. Statistical measures used to determine the overall goodness-of-fit of these models and to test the reliability of a forecast are introduced. Forecasting is used to compare the effects of alternative economic policies. Prerequisites: ECN 202 and 314.
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