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Course Criteria
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3.00 Credits
Introduction to theory of price, including demand theory; the theory of the firm under purely competitive and imperfectly competitive market conditions; and the theory of income distribution. Application of theory to practical problems stressed.
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4.00 Credits
Introduces fundamental concepts important for understanding how individuals and organizations function within an economy. Covering both microeconomic and macroeconomic principles, a wide array of both theoretical and applied issues are addressed as are how changing market conditions impact consumers and firms and how government policies influence the economy and business decisions. This course is not open to students who have completed either ECO101 and/or ECO102.
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3.00 Credits
Opportunity to offer courses in areas of departmental general education interest not covered by the regular general education courses.
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3.00 Credits
Concerned with economic variables in the aggregate. Involves an analysis of national income accounting, the volume of output, income and employment, and the fine points of fiscal and monetary policy. Designed to aid students in advanced work in economics and especially to prepare them for graduate study. If prerequisite courses are not met department approval is required.
Prerequisite:
ECO 101 FOR LEVEL U WITH MIN. GRADE OF D OR HON 165 FOR LEVEL U WITH MIN. GRADE OF D OR ECO 113 FOR LEVEL U WITH MIN. GRADE OF D
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3.00 Credits
Designed in the methods of applying economic concepts to solving business problems and gaining insight into the nature of business enterprises. Combined with statistics, economic principles are used to analyze decision-making within profit maximizing organizations. Alternative market structures and how they affect the business environment are considered. Based upon theoretical concepts and empirical research results, students can appreciate the applicability of analytical thinking within organizations.
Prerequisite:
(ECO 113 FOR LEVEL U WITH MIN. GRADE OF D OR ECO 102 FOR LEVEL U WITH MIN. GRADE OF D OR HON 166 FOR LEVEL U WITH MIN. GRADE OF D) AND (MAT 181 FOR LEVEL U WITH MIN. GRADE OF D OR MAT 211 FOR LEVEL U WITH MIN. GRADE OF D)
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3.00 Credits
Analyzes the theoretical determination of labor supply and demand, wage rates and the levels of employment with applications to competitive, monopsonistic and unionized markets. Includes discussions of how job characteristics, educational attainment and discrimination combine with legislation and governmental policies to determine the distribution of income to specific segments of the population.
Prerequisite:
ECO 102 FOR LEVEL U WITH MIN. GRADE OF D OR ECO 113 FOR LEVEL U WITH MIN. GRADE OF D OR HON 166 FOR LEVEL U WITH MIN. GRADE OF D
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3.00 Credits
Deals with monetary and banking principles and practices, credit, commercial banks and other financial institutions, and the Federal Reserve System. If prerequisite courses are not met department approval is required.
Prerequisite:
ECO 101 FOR LEVEL U WITH MIN. GRADE OF D OR HON 165 FOR LEVEL U WITH MIN. GRADE OF D OR ECO 113 FOR LEVEL U WITH MIN. GRADE OF D
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3.00 Credits
Deals with theory and categories of public expenditures, principles and effects of taxation, major forms of taxes, theory and problems of government borrowing and deficit financing, fiscal policy, budgets, and fiscal administration. If prerequisite courses are not met department approval is required.
Prerequisite:
((ECO 101 OR HON 165 FOR LEVEL U WITH MIN GRADE OF D) AND (ECO 102 OR HON 166 FOR LEVEL U WITH MIN GRADE OF D)) OR ECO 113 FOR LEVEL U WITH MIN GRADE OF D
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3.00 Credits
Introduces the fundamental concepts of health care markets. Transactions among health care providers, insurance companies, government and patients will be examined. Basic tools of economics are introduced to analyze the behavior of consumers, hospitals, insurers, and health care professionals. Topics covered include the demand and supply of health care, health insurance, pharmaceutical industry, quality of care, access to care, competition, reform proposals, and government programs and regulation. If prerequisite courses are not met department approval is required.
Prerequisite:
ECO 102 FOR LEVEL U WITH MIN. GRADE OF D OR ECO 113 FOR LEVEL U WITH MIN. GRADE OF D OR HON 166 FOR LEVEL U WITH MIN. GRADE OF D
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3.00 Credits
Introduces basic theory of international trade and finance. Highlights sources of comparative advantage, gains and losses from trade, the impact of trade on economic growth, and effects of trade policy interventions such as tariffs, quotas, voluntary export restraints and export subsidies. International agreements on regional trade liberalization (such as EU and NAFTA) and on multilateral trade liberalization (e.g., WTO) will also be discussed. Topics on international finance include balance of payments, determination of foreign exchange rates, and international monetary system. If prerequisite courses are not met department approval is required.
Prerequisite:
ECO 102 FOR LEVEL U WITH MIN. GRADE OF D OR ECO 113 FOR LEVEL U WITH MIN. GRADE OF D OR HON 166 FOR LEVEL U WITH MIN. GRADE OF D
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