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Course Criteria
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3.00 Credits
An examination and analysis of aggregate economic relationships in the context of competing Keynesian and Classical paradigms. The course emphasizes differences in the choice of appropriate stabilization policy on the part of government, as well as the theoretical structures of macroeconomic models. A brief introduction to economic growth theory is included. Prerequisite: EC 102. Offered Spring semester. Three credits.
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3.00 Credits
This course discusses the role of government in the allocation of resources, criteria for public expenditures, incidence and the economic effects of taxation, sources of demand for public goods, and the impact of government on the private sector. Prerequisite: EC 201. Offered in the Spring of odd-numbered years. Three credits.
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3.00 Credits
The course emphasizes the theory behind the international exchange of goods and services among nations of the world. Topics include the Hecksher-Ohlin Theorem, offer curves, the influence of market impediments, the pros and cons of free trade, etc. Prerequisite: EC 201 and MA 109 or MA 111. Offered Fall of odd-numbered years. Three credits.
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3.00 Credits
The course covers the following topics: recent developments in international financial markets, the utilization of foreign exchange and derivative security markets, exchange rate determination, international asset portfolio theory, and financial risk management strategies. Cross-listed as BA 353. Prerequisite: EC 102. Offered Fall of even-numbered years. Three credits.
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3.00 Credits
This course is designed as a continuation of BA 350. It is an introduction to regression and correlation analysis, multiple regression, their uses and related problems such as multicollinearity, serial correlation and heteroskedasticity. The course is balanced between theoretical development and applications. Prerequisite: MA 109 or MA 111 and BA 350 or MA 208. Offered Spring semester. Three credits.
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3.00 Credits
The primary goal of this course is to study the scope and methods of game theory, focusing on applications arising within the discipline of economics. Game theory attempts to describe the strategic interaction of agents (e.g., consumers, firms, or the government) in situations where there are competing interests and/or the outcomes depend on the actions chosen by the various agents. The course is designed to expose students to the concepts studied by game theorists as well as the set of analytical skills used in game theory. Prerequisites: EC 201 and MA 110 or MA 112. Offered Fall of even-numbered years. Three credits.
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3.00 Credits
This course focuses on laboratory experimentation as a research tool in applied economics, particularly in the areas of industrial organization, political economy, and game theory. The course offers both an overview of general principles used in designing, conducting, and evaluating behavior in economic experiments and a review of current research in the field of experimental economics. The areas of study include market behavior in alternative institutional settings, allocation decisions in settings with externalities, and individual choice with uncertainty. Prerequisites: EC 201 and MA 109 or MA 111. Offered Fall of odd-numbered years. Three credits.
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3.00 Credits
This course offers the student an in-depth, mathematical analysis and extension of subject matter covered in EC 201 (Microeconomic Theory). Topics covered include: multivariate economic applications of optimization theory with and without constraints utilizing linear algebra; FOC and SOC; Kuhn-Tucker Conditions; and consumer behavior under conditions of uncertainty. Prerequisites: EC 201, MA 110 or MA 112. Offered Spring of even-numbered years. Three credits.
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3.00 Credits
This course examines growth theory models, open economy macroeconomic models, macroeconomic models with rational expectations, dynamic modeling, and stochastic macroeconomic models. Prerequisites: EC 202 and MA 110 or MA 112. The course utilizes David Romer's Advanced Macroeconomics and selected RE modeling chapters from Bennett McCallum's Monetary Economics: Theory and Policy. Offered Spring of oddnumbered years. Three credits.
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3.00 Credits
The purpose of this seminar is to produce a scholarly piece of research and writing. Prerequisites: EC 201, EC 202, EC 390, and MA 109 or MA 111. Offered Fall of odd-numbered years. Three credits.
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