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Course Criteria
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4.00 Credits
4 hours; 4 credits The history of business in American life; theories of business evolution; the role of business in shaping American social institutions and values; the effect of the American social, political, and economic environment upon business thought and practice. Prerequisite: ENG 111
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4.00 Credits
(Also FNC 315) 4 hours; 4 credits Theoretical and applied problems of monetary policy. Emphasis is placed on contemporary developments. Current controversies concerning the use of monetary policy, relationship to fiscal policy, and impact on economic activity. Prerequisites: ECO 212 and either ECO/FNC 213 or ECO/FNC 214
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4.00 Credits
4 hours; 4 credits Forecasting the nation’s economy and economic trends over the short term and the longer term. Also forecasts of business trends and sales of individual businesses will be considered within the economic framework. Prerequisites: ECO 210, ECO 212, ECO/MGT 230
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4.00 Credits
(Also MGT 324) 4 hours; 4 credits This course will examine the relationship between economic theory and statistical measurement. It will deal mainly with the general linear regression and correlation model. A selected number of other statistical tools will also be treated. Emphasis will be on the understanding of the concepts rather than on their mathematical derivation. Prerequisites: ECO 101 and ECO/MGT 230 or permission of the instructor
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4.00 Credits
4 hours; 4 credits The use of mathematical analysis in solving economic problems. Methods of calculus, matrix algebra, deductive logic, and elementary set theory will be developed and employed to understand the equilibrium of the market, firm, and consumer. The uses and misuses of the mathematical method in economics will also be discussed. Prerequisites: ECO 101, MTH 121 or MTH 123 or the equivalent, or permission of the instructor
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4.00 Credits
4 hours; 4 credits A continuation of ECO 326. Differential and difference equations, elementary dynamic models and stability of equilibrium, rigorous development of modern microeconomic and macroeconomic theory using the mathematical approach. Prerequisite: ECO 326 or permission of the instructor
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4.00 Credits
4 hours; 4 credits Analysis of the causes and effects of government expenditure and taxation in the United States economy. Some treatment of determination of optimal types and amounts of government expenditure on goods and services, but greater emphasis on various types of taxation examined for equity, efficiency, role in fiscal policy, and effect on productive effort. Some attention to standards of income distribution and to inter-governmental fiscal relationships in the United States. Prerequisite: ECO 210
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4.00 Credits
(Also POL 331) 4 hours: 4 credits Fundamental concepts of economics, especially efficiency, will be utilized to explain and evaluate legal rulings. The tools of economics will be employed to analyze not only tort, contract, and property principles, but also marriage and divorce law, criminal law, and constitutional issues such as abortion, the death penalty, and racial and gender-based discrimination. Prerequisites: ECO 101; BUS 160 or any two POL courses
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4.00 Credits
(Also PHL 333) 4 hours; 4 credits This course will cover topics that overlap in the fields of economics and philosophy. It will enlighten Economics majors about the philosophical underpinnings of economics and introduce Philosophy majors to the more "thoughtful" aspects of economics. Topics discussed will include: rational choice and ethics; social welfare; justice, efficiency, and equity; social choice; and game theory. Prerequisites: ENG 111 and any introductory-level economics or philosophy course
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4.00 Credits
4 hours; 4 credits The rise and development of industrial combinations and their effect on the structure and performance of the United States economy; models of monopoly and oligopoly pricing; analysis of the power of monopoly and oligopoly in relation to efficient allocation of resources, technological growth, inflation, and political influence; causes and effects of mergers; government policies aimed at the preservation of competition in industrial markets; and regulation of trade practices. Prerequisite: ECO 210
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