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Course Criteria
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3.00 Credits
3 hours Nature, scope and purpose of economic analysis. Theories of demand, production, costs, pricing policy, allocation of resources, etc in a market oriented system. Emphasis will be on industrial organization in the American economy. Prerequisite: EC112.
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3.00 Credits
3 hours A study of the nature and economic role of money and financial institutions in the U.S. economy. The major focus will be on defining the main elements of the monetary system, determining their influence upon the performance of the economy, relating the economy's performance to the business management decision-making process, and discussing the problems of and policies for achieving the major economic goals of the economy. Prerequisite: EC111, EC112, and BU225.
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3.00 Credits
3 hours Analysis of principles and practices of investment procedures, investment policies and security analysis of corporate and government securities. Portfolio management analysis will be approached from both a personal and business perspective. Prerequisite: EC111, EC112, and BU225.
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3.00 Credits
3 hours A study of the factors influencing the economic modernization of less developed countries including cultural, human, and natural factors involved in the appearance and disappearance of economic resources. Emphasis will be on population growth, capital formation, investment allocation, structural transformation, development planning and the international economics of development. The effect of economic advancement on the rates of resource utilization and its implications for less-developed countries, moredeveloped countries, and world resources will be examined. Prerequisite: EC111.
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3.00 Credits
3 hours A survey of the economic foundations of international trade and finance. Topics include theory of international trade, trade policy, and protectionism, foreign exchange markets, income and foreign exchange, balance of payments, the international monetary system, international finance and the world debt situation. Emphasis will be on understanding policies in a global community. Attempts will be made to explore the interaction of Western culture with non-Western culture including similarities and the differences in values and patterns of behavior. Prerequisite: EC111.
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3.00 Credits
Principles of Macroeconomics introduces the fundamental topics of macroeconomics.The course focuses on the empirical characteristics of the modern American economy and on how those characteristics are measured.Topics covered include aggregate demand and supply analysis, national income determination, fiscal policy, the banking system, and the role of fiscal and monetary policies in controlling and stabilizing unemployment and inflation.
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3.00 Credits
Research Methods in Economics introduces elementary research methods in economics.The course includes the use of microcomputers in economics and business.Emphasis is on using spreadsheets to prepare quantitative research projects in economics.The course also covers writing quantitative reports in economics. Prerequisites: ECON 163 and MATH 281 or 383 or PSYC 205. Prerequisite or corequisite: MATH 282 or 384.
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3.00 Credits
Comparative Economic Development examines major analytical and policy issues facing the "lesser developed" nations of the world. Development is defined, and contrasting policies of individual countries that have succeeded or failed are examined. The developmental role of agriculture, export-oriented policies, women, labor markets, multinational corporations, the public sector, the World Bank, and the International Monetary Fund are also considere d.Prerequisite: ECON 162 or 163.
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3.00 Credits
Comparative Economic Systems examines the post World War II performance of the industrialized economies.The course compares the relative economic performance of the market capitalist economies and the former centrally planned socialist economies.Emphasis is on international competition among the industrialized economies.The course concludes with a brief survey of the less developed economies and their prospects for economic modernization.
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3.00 Credits
Managerial Economics is a study of profit-maximizing managerial decision-making with emphasis on the external environment of the firm. The course introduces students to quantitative techniques of decision-making. Prerequisite: ECON 163.
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