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Course Criteria
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4.00 Credits
A study of the economics of the public sector. Topics include, but are not limited to: taxation and public expenditures and their effect on the allocation of resources, distribution of income, and employment; market failure; public goods; the economics of public choice; and the application of public finance principles and normative questions to public economic issues. Part of the economics concentration and minor and may also be taken as an elective. (0511-211 and 0511-402) Class 4, Credit 4 (offered occasionally)
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4.00 Credits
A survey of the various schools of thought that have developed in economics from the late eighteenth century up to the present. Representative economists from each of the major schools (Classical, Marxian, Neo-Classical, Keynesian, Monetarist, etc.) are studied. Part of the economics concentration and minor and may also be taken as an elective. (0511-211 and 0511-402) Class 4, Credit 4 (offered occasionally)
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4.00 Credits
Introduction to the economic problems of less developed countries (LDC). Students study the historical causes of underdevelopment gap between developed and underdeveloped countries and the theories and the policies aimed at accelerating the rate of growth in LDC. In addition, the role of international organizations in the economic development of LDC is discussed. Part of the global studies concentration; the economics concentration and minor; and may also be taken as an elective. (0511-211 and 0511-402) Class 4, Credit 4' (offered occasionally)
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4.00 Credits
Explores the use and abuse of benefit-cost and related analytical techniques commonly encountered in economic policy making. Many expenditure and regulatory programs of governmental agencies now are routinely evaluated in a benefit-cost or cost-effectiveness framework, and debate about policy decisions increasingly draws upon benefit-cost findings. Yet, application of benefit-cost analysis often attracts much controversy, in part because of disagreements about how to conduct such analysis and about the role that economic efficiency should play in societal decisions. The mechanics, power and limitations of this form of analysis form the primary elements of the course. Required course for economics majors; part of the economics concentration and minor; and may also be taken as an elective. (0511-211 and 0511-402) Class 4, Credit 4 (offered annually))
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4.00 Credits
The study of monetary behavior and the role of monetary institutions in the modern economy. Includes consideration of monetary theory, the development and current characteristics of monetary institutions in the American economy and the use of the tools of monetary analysis to evaluate alternative monetary policies. Concludes with an evaluation of the neo-Keynesian and Monetarist positions. Required course for economics majors; part of the economics concentration and minor; and may also be taken as an elective. (0511-211 and 0511-402) Class 4, Credit 4 (offered annually)
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4.00 Credits
Helps develop the tools of analysis utilized in contemporary economics to study the process of price formulation in a capitalist society. Topics covered include the theories of consumer behavior, cost and production, alternative market structures and the pricing of factors of production. Required course for economics majors; part of the economics concentration and minor; and may also be taken as an elective. (0511-211 and 0511-402) Class 4, Credit 4 (offered annually)
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4.00 Credits
Introduces the students to the theory and practical issues of the export/import markets, the international flow of capital and international investment decisions. In addition, students study the foreign-exchange and the Euro-dollar markets and the investment opportunities in them. The role of multinational corporations in international trade and finance also is discussed. Required course for economics and international studies majors; part of the economics concentration and minor; and may also be taken as an elective. (0511-211 and 0511-402) Class 4, Credit 4 (offered annually)
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4.00 Credits
The central question of macroeconomics is the determination of output, employment and prices. This course develops models that incorporate behavioral assumptions concerning consumption, investment and the role of money and their relationship to macroeconomic variables. Required course for economics majors; part of the economics concentration and minor; and may also be taken as an elective. (0511-211 and 0511-402) Class 4, Credit 4 (offered annually)
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4.00 Credits
The study of the structure, conduct and performance of contemporary American industry. Involves the application of the tools of microeconomic analysis and empirical evidence to aid in understanding the behavior of modern industry. In addition, the course considers the historical determinants of contemporary market structure and the public policy measures designed to preserve a competitive market structure. Required course for economics majors; part of the economics concentration and minor; and may also be taken as an elective. (0511-211 and 0511-402) Class 4, Credit 4 (offered annually)
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4.00 Credits
Provides students in the economics program with an opportunity to develop their skills in applied regression analysis. Covers the various regression models, estimation techniques, data preparation and transformation, and the interpretation of regression results. Particular emphasis on the dangers of misuse of regression techniques. Required course for economics majors. Part of the economics concentration and minor and may also be taken as an elective. (0511-211 and 0511-402, 1016-226, 1016-319) Class 4, Credit 4 (offered occasionally)
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