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Course Criteria
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3.00 Credits
Economic analysis is used to evaluate laws and legal institutions. The role of the legal system as a solution for allocative inefficiency in markets is examined by discussing the importance of economics on the development of laws and the effect of laws on the allocation of resources. (Prerequisites: Econ. 111,112.) As required.
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3.00 Credits
Specific topics in economics currently of interest to faculty and students are examined. (Prerequisites: Econ. 111, 112 or permission of the instructor.) As required.
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3.00 Credits
This course examines a variety of topics, including the welfare implications of expenditure and taxation policies of governments, the economic rationale of governmental provision of goods and services, and the efficiency and distributive aspects of taxation on household and firm behavior. Possible topics include the responsibility of government to provide health care and education and to protect environmental assets. (Prerequisites: Econ. 111,112.) As required.
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3.00 Credits
This course concentrates on investment portfolios and risk, with a focus on markets affecting the allocation of and returns on stocks, bonds and options. Related topics include financial statements analysis, the Black-Scholes model for valuing options, as well as measures and means for assessing financial performance when deciding optimal investment strategy. (Prerequisites: Econ. 111,112; Math 125 or 117, 205.) As required.
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3.00 Credits
Statistical methods used to estimate and test economic models are explored. The method of ordinary least squares regression is examined in detail following a review of basic probability and statistics. Topics include the Gauss-Markov theorem, inference, multicollinearity, specification error, functional forms, dummy variables, heteroskedasticity, and autocorrelation. Simultaneous equations and qualitative dependent variables may also be considered. Applications of empirical techniques may include topics such as the relationship between unemployment and inflation, wages and productivity, or exchange rates and trade. (Prerequisites: Econ. 111,112, Math 125 or 117, Math 205 or 315, Econ. 231 or permission of the instructor.) Every year.
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1.00 - 3.00 Credits
The independent study involves a tutorial for students with specific interests in which the student works independently with a member of the economics faculty for one to three hours of academic credit. To register the student must fill out an Independent Study application available in the registrar's office. The application must be approved by the directing faculty member, the departmental chairman, and the dean. (Prerequisites: Econ. 111,112.) As required.
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3.00 Credits
The senior seminar provides a capstone experience for students who major in economics. Several contemporary topics in economic research will be explored throughout the semester. The particular topics selected will be determined by the instructor. As the required capstone experience for economics majors, this course is designed to enhance the student's ability to synthesize theoretical concepts, analytical tools, and econometric techniques developed in previous courses. An original research paper is required in order to complete the course. (Prerequisites: Econ. 231, 232 and 410.) Every spring.
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3.00 Credits
Placement at an organization in a position requiring economic decision-making. Students receiving an economics internship must fill out an application available in the registrar's office. The application must be approved by the directing faculty member, the departmental chairman, and the dean. A paper is required. One to three hours of academic credit may be awarded. (Prerequisites: Econ. 111,112.) As required.
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0.00 Credits
The senior comprehensive exam involves a re-examination of the major concepts in the undergraduate economics curriculum. This exam is a requirement for graduating seniors completing a major in economics. (Prerequisites: Senior Status Economics Major.) Every semester.
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3.00 Credits
Hands on research based personal exploration of early childhood, elementary and middle school education with an emphasis on individual learner development, developmentally appropriate instructional practices and the school as a learning environment. (Corequisite: Concurrent enrollment in Educ. 111.) Every fall.
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