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  • 3.00 Credits

    This course traces the development of the American economy, especially the impact of the two world wars and the Great Depression and the long run trajectory of economic growth and inequality. Basic eco- nomic theory is used to understand those events and changes and the evolution of industrial policy, capital markets, and fiscal and monetary policy and the causes and consequences of the rise of big business and big government, technological change, and education policy.
  • 3.00 Credits

    This course will present the economic approach to crime and punishment. There will be an emphasis upon both the economic cost borne by the economy in the aggregate and by individual households in the prevention of crime. The economic approach assumes that both criminals and victims are rational in the sense that they base their choices on the expected benefits and costs of alternative behaviors. Specific topics include economic assessments of the criminal justice system, perspectives on the punishment and reform of criminals, and analyses of the market for illegal drugs, gun control and capital punishment.
  • 3.00 Credits

    A study of statistical estimation applied to linear models. Topics include multiple linear regression and simultaneous equations. Applications to economic problems such as estimation of demand relations, consumption functions and labor supply functions are emphasized. Prerequisites: STA 201-202 or equivalent, ECO 11 3-11 4.
  • 3.00 Credits

    A study of the application of mathematical concepts to economic analysis, with special reference to deterministic methods. Topics include comparative statistics, generalized La Grange multipliers and dynamic modeling. Prerequisites: MTH 122 or equivalent, ECO 250-252.
  • 3.00 Credits

    This course examines poverty in the United States from an economic perspective. Using the basic concepts of economic analysis, it considers several dimensions of poverty, including the U.S. income distribution, the measurement and incidence of poverty, the characteristics of the poor and the causes and consequences of poverty. It also provides an overview of the structure, history and effectiveness of public policy aimed at alleviating poverty.
  • 3.00 Credits

    This course introduces the advanced student to the theories and problems of economic growth and development. Various economic and non-economic aspects of development and underdevelopment are placed in historical perspective. Other topics are the population issue, the human cost of development, barriers to development, industrialization versus agriculture, and domestic and international policy. Prerequisites: ECO 11 3-11 4.
  • 3.00 Credits

    This course is designed to introduce students to the theoretical and empirical studies of how the structure and conduct of sellers and buyers affects economic performance and economic welfare. Among the subject areas included are product differentiation, merger practice and government regulation of firm behavior. Emphasis is placed on how well traditional theories of structure, conduct and performance provide a basis for market evaluation of intervening public policy. Prerequisites: ECO 11 3-11 4.
  • 3.00 Credits

    Professional sports in the United States are multibillion dollar businesses. This course applies the principles of economics to evaluate professional and amateur sports. The topics include league structure, team decision-making, labor-relations, incentive structures, free agency, salary caps and stadium financing and the role of public policy. The economic issues and institutional structure of other areas of sports that may be explored include Title IX, NCAA, golf, tennis, sports equipment, advertising, minor leagues and the Olympics. Economic factors affect the behavior of participants in sport markets— owners, managers, median and players—just as they affect the behavior of individuals in other markets. Basic economic principles and formal economic models help make sense of many issues in the world of sport. In addition, the sports world is full of evidence which helps illustrate economics in action and provides a wealth of information for testing economic theories. The objective of this course is to offer a deeper understanding of both. Prerequisite: ECO 11 3.
  • 3.00 Credits

    A student who wishes to pursue an independent study project for academic credit must submit, prior to registration, a proposed plan of study that includes the topic to be studied and goal to be achieved, the methodology to be followed, schedule of supervision, end product, evaluation procedure and number of credits sought. The proposal must be approved by the supervising faculty member, the department chair and the dean of management. It will be kept on file in the academic dean’s office.
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