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Course Criteria
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3.00 Credits
An advanced course in monetary theory and policy making. The role of monetary policy in regulation of the economy, agencies responsible for policy making, the structure and role of the Federal Reserve Bank. Prerequisite: ECON 201.
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3.00 Credits
A study of the structure of labor markets with particular emphasis on current U.S. economy and presentation of relevant empirical data. Topics include: employment, wage determination, human capital and productivity, unionism and inflation. Prerequisites: ECON 110, or ECON 101 with approval of the dean.
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3.00 Credits
Applied Microeconomics is an economic course at the advance undergraduate level. It is a study of supply and demand analysis, consumer theory, cost of production, price and output determination under perfect and imperfect competition. The course focuses on empirical applications of microeconomic theory including the measurement of price elasticity of demand, assessment of minimum wage laws, effects of taxation on labor supply, game theory, optimal pricing and output strategies, and government policies. Prerequisite: Econ 110.
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3.00 Credits
Organization and functions of the principal money, investment and capital markets. Analysis of sources and uses of member bank funds, role played by stock exchanges, investment bankers, insurance companies and mutual funds, flow of funds, analysis and other topics, all related to the social, political and theoretical implications of policy-making decisions. Prerequisite: ECON 201.
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3.00 Credits
This course provides the conceptual framework that forms the basis of global commerce. Why do countries engage in worldwide commerce? What are the gains from international exchange? Barriers to trade are reviewed and analyzed. The case for and against free trade is presented. International agreements that spur and deter commerce are discussed. Policies influencing flows of goods, services and investments are evaluated. The international monetary system and the foreign exchange markets are studied in the context of alternative international adjustment mechanisms. Balance of payments concepts are examined. Prerequisite: Econ 201.
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3.00 Credits
An analytic survey of the theories of economic growth in developing countries, the problems of technological change, capital accumulation, and economic planning. Diversification of the economy, inflation, and human investment are studied, along with the different historical paths to development. Prerequisite: ECON 110.
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3.00 Credits
The main goal of this course is to analyze and understand the economy in which business operates today. Attention, therefore, centers on the key policy issues and major economic forces that affect business activity and on the tool necessary to evaluate these issues and forces. The former includes unemployment, inflation, fiscal policy and the true nature of budget deficits, monetary policy and the changing financial environment, the role of the U.S. dollar, productivity and international trade. The tools of analysis include the portfolio approach, Keynesian and modern monetarist approaches, rational expectations, and the real business cycle. The course also explores the role placed by the U.S. and world financial markets in influencing the domestic and global economic environment. Prerequisite: ECON 201.
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3.00 Credits
This course studies the various business and economic forecasting methods and techniques. Single and multiple equation regression and time-series methods are studied. The techniques are used to forecast the cyclical behavior of the overall economy as well as industry production and sales. The course will utilize applied quantitative techniques and employ software packages and internet-based applications. Prerequisites: Econ 201 and Qant 301.
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3.00 Credits
The main goal of this course is to analyze and understand the key economic policy issues currently facing the US economy. Issues at the macro, micro and global levels are studied. Students will learn how to employ the tools of economic analysis in order to understand the impact of these issues on the US economy. The course will examine the problems of unemployment, inflation, globalization, social security, heath care, urban transportation, poverty, housing, land use and urban sprawl. The course also explores the role placed by the U.S. and world financial markets in influencing the domestic and global economic environment. Prerequisites: ECON 201.
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3.00 Credits
Experiential Learning course focusing on group dynamics. Under the supervision of a faculty advisor, students will work on a company-specific project in the capacity of a smallgroup consulting team, collecting and analyzing data and information, considering alternative feasible solutions, and delivering team recommendations. Prerequisites: Approval by the department chair.
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