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Course Criteria
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3.00 Credits
Examines the economic conditions of the poor in the U.S., theories of poverty, and major redistribution programs in the U.S. The course will study the economic impacts of such programs as Social Security, Medicare, Aid to Families with Dependent Children, Food Stamps, Medicaid, and child care subsidies. Prereq: ECO 401 or equivalent or consent of instructor.
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3.00 Credits
A study of the relationship between industry performance and market structure, and the role and effect of the government's anti-trust policies. Prereq: ECO 401 or equivalent.
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3.00 Credits
This course deals with the theoretical underpinning of the major economic systems in existence today. The classical model of competitive market capitalism is reviewed first, followed by the Marxian and neo-Marxian (Leninist) critique of capitalism. Next, the contemporary Keynesian and the neo-Keynesian models are analyzed. This course concludes with a review of the Lange model of decentralized (market) socialism. Prereq: ECO 401 or equivalent or consent of instructor.
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3.00 Credits
The development of the American economy will be examined within the general framework of economic theory. Major emphasis will be given to the long-run process of economic growth of the economy from the colonial period to the present. Prereq: ECO 401 or equivalent.
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3.00 Credits
This is advanced economic course in international trade. The first part of the course covers the basics of why countries trade, what explains the pattern of trade that we observe and what are the effects of trade on welfare and the distribution of income. The second part of the course covers issues concerning trade policy and looks at the positive and normative effects of trade policy and trade agreements as well as investigating topics of current interest. While the focus of the course is on theory, students will also be exposed to many applications of the theory as a means of both explaining the economic intuition and encouraging students to analyze the world around them from an economic perspective. Prereq: ECO 401 or equivalent. (Same as AEC 471.)
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3.00 Credits
This course deals with macroeconomic and financial aspects of the open economy. Main subjects include the balance of payments, exchange rate determination, and macroeconomic theory and policy in an open economy. Students are exposed to basic concepts such as purchasing power parity, interest parity, monetary models of the exchange rate, and the Mundell-Fleming model. Current issues for discussion include currency crises, pros and cons of international capital flows, and the choice of exchange rate regime. Prereq: ECO 402 or consent of instructor.
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3.00 Credits
A comparative study of economic progress in selected countries; growth patterns, theories of development and capital formation, interaction of social and economic change. Prereq: ECO 401 or equivalent or consent of instructor.
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3.00 Credits
Application of economic principles to analyze the operation of labor markets. Topics covered include: theories of labor movements, comparative analysis of unionism in different economies, labor supply, labor demand, human capital, collective bargaining, public policy and the operation of labor markets. In addition, selected topics such as female and minority employment, social security, and industrial conflict will be covered. Prereq: ECO 401 or equivalent.
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3.00 Credits
An application of economic analysis to the study of the role of government. Emphasis is on the reasons for and the effects of government intervention in the economy. Topics covered include: market failure, public goods and externalities, welfare policy, voting and public choice, taxation, public debt and cost-benefit analysis. Prereq: ECO 401 or equivalent. Agricultural Economics majors may substitute AEC 303 for this prerequisite. (Same as AEC 479.)
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3.00 Credits
To provide the student with a firm foundation in the design and estimation of economic models, empirical analysis of economic relationships, and forecasting. Emphasizes the structure and utilization of economic models. Prereq: ECO 391, ECO 401, and ECO 402 or equivalent or consent of instructor.
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