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Course Criteria
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3.00 Credits
An introduction to statistical methods used in economics and business fields. Topics include descriptive statistics, sampling, probability, basic statistical distributions, estimation, hypothesis testing, and introduction to regression analysis. This course applies statistical analysis, pre-dictive techniques, and data analytics to problem-solving and business decision-making. Excel utilized. Prerequisite: CIS 110 and MATH 123.
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3.00 Credits
Topics include matrix theory, multiple regression analysis, logistic regression, time series analy-sis, analysis of variance, nonparametric methods, index numbers, quality control, and an introduction to econometrics. Prerequisite: ECON 221. Spring semesters only.
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3.00 Credits
Introduction to fundamental concepts in econometric analysis, including regres-sion, time-series, panel data methods, logit, and probit. Use of Excel and SPSS to manipulate data and generate econometric results. Students learn to recognize problems in econometric analysis and explain how to correct for them. . Prerequisite: ECON 222 or permission of the instructor..
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3.00 Credits
Mathematical tools of analysis in economics, such as equilibrium analysis, linear models and matrix algebra, comparative statics, unconstrained and constrained optimization, and dynamic analysis will be covered. Prerequisites: ECON 111 and ECON 112 or permission of the instructor.
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3.00 Credits
The nature of money and monetary standards, commercial banking, the money market and fi nancial institutions, central banking, monetary policy, and an introduction to monetary theory. This course will also examine the impact of inflation and regulation on financial institutions and markets. Prerequisite: ECON 111
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3.00 Credits
The contributions of outstanding economists from antiquity to Keynes and the origin and development of the doctrines of the principal schools of economics. While consideration is given to the historical and philosophical background, the emphasis is on the development of theoretical concepts. Prerequisites: ECON 111 and ECON 112. Offered odd year fall semesters only.
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3.00 Credits
Issues in development - population, land usage, transportation, industrialization, and natural resources - examined in various regions of the world. Particular consideration is given to the way in which a country's geography affects its economic development. Fall semesters only. Cross-listed as GEOG/INST/LAST 356.
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3.00 Credits
Development of the theory of international specialization and trade, the questions of free trade and protectionism, an analysis of foreign exchange rates and balance of payments with an appraisal of international financial institutions. Prerequisites: ECON 111 or ECON 112. Spring semesters only.
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3.00 Credits
Applications of microeconomic principles to environmental problems and decision-making in the public and private sectors; cost-benefit analysis; standards and incentive policy approaches, marginal damage function, contingent valuation, emissions trading programs, green markets. Consideration of ecological and ethical perspectives. Prerequisite: ECON 111 or ECON 112. Offered even year spring semesters only
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3.00 Credits
Price Theory: utility and demand theory; the principles of production and nature of costs for the fi rm; pricing and output under various market conditions; the determination of factor prices. Prerequisite: ECON 112. Alternate fall semesters: offered 2012-2013.
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