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Course Criteria
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3.00 Credits
Provides an overview of business, government and society interactions in tandem with various government policies considering economic theory and historical experience. Topics include corporate social responsibility and ethics, entrepreneurship, business and political influence, government regulation, and surveys of government policies for maintaining competition, substituting public for private enterprise, and regulation as a substitute for competition.
Prerequisite:
ECON121 AND ECON122
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3.00 Credits
Applies economics theory and recent empirical findings to urban resource use. Topics include why cities exist and what causes them to grow or shrink; the market forces that shape cities; housing market; urban transportation systems, education, crime, and pollution; the role of government in determining land use patterns; the effects of government housing policies; and equal opportunity in cities.
Prerequisite:
ECON121 AND ECON122
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3.00 Credits
Introduce the basic principles of cost-benefit analysis. Topics include Welfare Economics, the theoretical valuation of costs and benefits, the role of discounting, various means for ranking projects and the practical tools for obtaining cost and benefit valuation estimates necessary to conduct the economic analysis of public sector actions.
Prerequisite:
ECON121 AND ECON122
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3.00 Credits
Introduces contemporary economic systems; outlines theories of capitalism, socialism and communism; and compares their actual performances. In addition, the course presents perspectives on the issues of transition in market economies, centrally planned economies and mixed economies.
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3.00 Credits
Surveys economic theories propounded in the past and their effect on present-day economic thinking, business and political systems. Topics include the Classical school - Adam Smith, Ricardo, J.S. Mill, Malthus, among others; the challenges to the Classical School - Marx, Marginalists, and key figures in the Neoclassical school - Marshall and Walras; the early 20-th century Keynesian economics and the Monetarist model of Milton Friedman, and the 1970's models by Robert Lucas and Thomas Sargent.
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3.00 Credits
Applies economic theory and recent empirical findings to analysis of public policy. Topics include efficiency, externalities, public goods, the principles of taxation and applications, public borrowing and public debt management, revenues and expenditures of local, state, and federal government, and the impact of fiscal and budgetary policy on resources and income allocation.
Prerequisite:
ECON121 AND ECON122
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3.00 Credits
Reviews the historical background and the development of monetary practices and principles of banking; special attention given to commercial banking and credit regulations and current monetary and banking development. Topics include financial systems, interest rate determination, structure and regulation of banking industry, central banks, money supply, monetary policy, and the effect of money on output, employment, and inflation.
Prerequisite:
ECON121 AND ECON122
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3.00 Credits
Examines environmental facts and social circumstances with particular emphasis on market and non-market solutions to environmental problems. Topics include the private market and its efficiency, externalities, environmental quality as a public good, water resources and water quality, problem of air quality, supply, consumption and pricing of natural resources, the role that exhaustible natural resources have in economic development and other environmental problems.
Prerequisite:
ECON121 AND ECON122
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3.00 Credits
Introduces the basic concepts and principles of international economics. Topics include gains from trade, absolute advantage, comparative advantage, regional trade agreements, and the welfare effects of free trade and protectionism, national income accounting, the balance of payments, determination of exchange rate, and monetary and fiscal policy.
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3.00 Credits
Presents studies of developing economies. Topics include theories of economic development and growth, operative resistances to economic growth, the role of capital, labor, population growth and technological advances, development planning and trade in development settings, and problems of growth problems experienced by developing countries in the post-World War Two era.
Prerequisite:
ECON121 AND ECON122 OR EC121 OR EC122 OR ECO102 OR ECO103 OR ECO1101 OR ECO1102
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