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Course Criteria
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3.00 Credits
3 FS Admission to the Honors Program. An introductory survey of macroeconomic analysis. Use of fundamental economic concepts to analyze the over-all economy. Determination of gross national product, rates of unemployment, problems of inflation, recession, and the use of governmental policies. Discussion of current problems.
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3.00 Credits
3 FS An introductory survey of microeconomic analysis. Analysis of individual economic units: household, firms, and markets. Analysis of individual decision making. Supply and demand analysis. Type of market organization: competition, oligopoly, and monopoly. Discussion of current problems.
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3.00 Credits
3 FS ECON 103. Microeconomics examines the economic behavior of individual decision-making agents, such as consumers, resource owners, and firms. The goal of this course is to build a theoretical foundation to study various applied fields in economics and management (such as international trade, public finance, labor, or environmental economics). Topics include consumer theory, production and cost analysis, theories of the firm and markets, and welfare economics.
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3.00 Credits
3 FS ECON 102. An extension of macroeconomic concepts and principles relating to short-term stabilization policies, long-term growth questions, fiscal and monetary theory and policy, international dimensions, and problems of inflation, deflation, unemployment, productivity, and growth. Theories and models are used to examine, develop, and analyze macroeconomics issues, problems, and policies.
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3.00 Credits
3 FS ECON 103. A course in basic statistics is recommended. The application of microeconomic theory and computer simulation models in business decision-making. Demand theory and forecasting. Production theory and cost. Market structure and pricing. Decision-making under uncertainty. This course is recommended for students who feel comfortable exploring new computer applications.
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3.00 Credits
3 FS ECON 101 or ECON 102. A historical survey of major economic theories developed by various schools of economic thought, including preclassical, classical, neoclassical, Marxian, and Keynesian. Reviews the writings of major economic figures. (May not be counted for credit toward a major in Economics if ECON 410 is used.)
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3.00 Credits
3 FS A survey of the economic challenges facing the future U.S. economy. Topics covered include the impact of technological and financial innovations, environmental limitations and opportunities, and changing work relations.
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3.00 Credits
3 FS ECON 101 or ECON 102. Economic growth and development in the United States, emphasizing the periods of American mercantilism, laissez faire, corporate capitalism, and increased government involvement in the economy. Contrast to different economic perspectives in interpreting American economic history.
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3.00 Credits
3 FS ECON 102. Financial markets and financial institutions. Impact of money and credit on the economy. Central banking and monetary policy. International finance. Macroeconomics and monetary theory will be emphasized. (Can be substituted for ECON 102 in the major.)
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3.00 Credits
3 FS ECON 103. Examines the structure, rationale, and impacts of various federal, state, and local taxes on individuals, corporations, and various levels of governments. Taxation fundamentals and policy issues and controversies are a central part of this course. The focus is on practical aspects of various taxes, including personal income tax, consumption, sales, excise, and property taxes. Both historical tax philosophies and currently accepted taxing practices are examined as well as evaluating current proposals to change existing tax structures at the local, state, and federal levels.
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