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Course Criteria
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4.00 Credits
Fall (4 credits). Economic, social, and political causes and consequences of the Industrial Revolution and its spread throughout Europe and Colonial America. Mercantilism and colonialism. U.S. economic history from the Revolution to the present, as interpreted with economic theory and statistical evidence. Prerequisite: ECON 250 and 251.
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4.00 Credits
Spring (4 credits). Economic methodologies and doctrines throughout the evolution of the discipline. Major analytical discoveries placed in their historical perspectives. Prerequisite: ECON 250 and 251.
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4.00 Credits
Fall (4 credits). Comparisons of market and mixed economies in terms of theory, policies, and performance. Emphasis is particularly on the economics of socialism and the transitions of planned economies in Europe and Asia to ones based on markets. Country cases are used to illustrate important cross-country differences. Prerequisites: ECON 250 and 251, or permission. Offered in alternate years.
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4.00 Credits
Spring (4 credits). Development theories grounded in the development patterns of Western and Eastern Europe, North America, Latin America, Australia, and Southeastern Asia. Issues of development and income distribution, population growth, and countries' cultural and economic openness. Comparison of development and growth theory. Prerequisite: ECON 250 and 251. Offered in alternate years.
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4.00 Credits
Fall (4 credits). Theories of international trade: What are the theoretical reasons for which countries benefit from trade? Commercial policy: tariffs, quotas, voluntary export restraints, export subsidies, local content requirements, international standards' harmonization. International trade in practice: issues of free trade vs. protectionism, customs unions and free trade areas, multilateral agreements and functions of the World Trade Organization. Prerequisite: ECON 250 and 251.
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4.00 Credits
Spring (4 credits). History, components, and functions of the world financial system. Balance of payment analysis. Forces and mechanisms of the foreign currency markets. Short-run and longrun macroeconomic theories in open economy and spill-overs of domestic macroeconomic policies. Current issues on capital market globalization. Prerequisite: ECON 250 and 251. Offered in alternate years.
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4.00 Credits
Fall (4 credits). The financial system, including the commercial banking system and the Federal Reserve, and its interaction with the nonfinancial sectors of the economy. The determinants of the money stock and volume of credit, and their influence on prices, production, and employment. Prerequisites: ECON 250, 251.
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4.00 Credits
Fall (4 credits). The economic position of women and minorities in society. Racial and sexual discrimination, women's labor force participation, occupational segregation, domestic work, immigration of workers, and racial marginalization in market economies. Mediating influences such as education, spatial forces, and institutional and public policies. Gender/race relations in industrial/ Third World countries. Prerequisite: ECON 250 and 251.
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4.00 Credits
Fall (4 credits), Spring (4 credits). Theory of the household, the firm, and the market. The logic of market decisionmaking, resource allocation, and efficiency questions. Prerequisites: MATH 118-119 or MATH 121, ECON 250, and ECON 251.
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4.00 Credits
Fall (4 credits), Spring (4 credits). The use of theoretical tools to explain the level and changes in aggregate income, employment, and price level; classical, Keynesian, and new classical approaches; application of theory to problems of national economic policy. Prerequisite: ECON 200, 250, 251, and MATH 118-119 or MATH 121.
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