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Course Criteria
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3.00 Credits
Reviews and extends the theory of income determination, surveys consumption theories, and analyzes problems of inflation and unemployment. It includes critical evaluations of fiscal, monetary, and income policies, as well as a brief introduction to modern theories of growth.
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3.00 Credits
This course reviews and extends the analysis of value and distribution: it covers traditional price theory techniques in production, exchange, and distribution for firms in markets of perfect and imperfect competition. It includes an introduction to general equilibrium analysis, linear programming, and welfare economics.
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3.00 Credits
This course examines the development of international trade and finance; it includes a survey of classical, neoclassical, and modern theories and analyzes balance-of-payments techniques and principles. It includes critical evaluation of the arguments for protection, the economic effects of tariffs and quotas, U.S. trade policy, international financial institutions, and international liquidity.
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3.00 Credits
This course considers the monetary and financial flows between nations that results from the international trade of goods and services. Specific topics include a detailed examination of payments among nations, the foreign exchange markets, exchange rates and their determinants, government policies with respect to foreign exchange markets and the choice between fixed versus floating exchange rates.
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3.00 Credits
This course is an introduction to global economic relations and international laws governing those relations. It presents and analyzes the framework for global economic cooperation and the mutual obligations of states and transnational organizations to one another in an interdependent global economy. Specific topics include international trade law, the financial and monetary treaty obligations of nations, intellectual property rights, and the laws of governing the use of environmental recourses for sustainable development.
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3.00 Credits
This course is brief survey of the life and times of the major economic thinkers. It includes a critical evaluation of the contributions of each school of thought. Emphasis is on the evolution of economic analysis and its methodology.
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3.00 Credits
Labor economics applies macroeconomics and microeconomic theory, forming a critical part of the core of analytical economics. This course explores topics such as educational choice, wage determination, employment discrimination, labor law, collective bargaining, etc., with special emphasis on international labor trends.
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3.00 Credits
Time series, multiple regression, qualitative, Box-Jenkins, and other techniques are explained and applied in the forecasting of industrial production, sales, and financial variables. Emphasis is placed on the construction, utilization, and evaluation of computer generated forecasting models.
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3.00 Credits
A comprehensive analysis of capital markets is presented via the flow of funds from saver/lender to borrower/spender. The course explores the development of financial markets, their present structure and operations, the merits of innovative financial products, the changing role of financial institutions, and finally lessons learned from recent financial meltdown. Special emphasis will be placed on the impact of globalization, Federal Reserve policy and the regulatory environment.
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3.00 Credits
This is one of the two major macro-policy oriented courses for economics majors designed to familiarize students with government budgets; i.e. the course examines the structure of expenditures and revenue, fiscal incidence, project analysis, and the problems encountered in the performance of fiscal stabilization techniques to attain given policy targets.
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