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Course Criteria
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3.00 Credits
This course analyzes the behavior of individual consumers and producers as they deal with the economic problem of allocating scarce resources.The course examines how markets function to establish prices and quantities through supply and demand, how resource costs influence firm supply, and how variations in competition levels affect economic efficiency.Topics may include antitrust policy, the distribution of income, the role of government, and environmental problems.The course includes computer applications.Three credits.
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3.00 Credits
This course uses a policy-oriented approach to study contemporary economic issues.Topics include government spending, the role of federal budgets in solving national problems, poverty, welfare, social security, population, the limits to growth controversy, pollution, energy, and regulation.Three credits.
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3.00 Credits
This course examines the impact of race, class, and gender differences on decisions made in households and in the workplace.It begins with an in-depth analysis of labor supply decisions and responsibilities of households, moving to an examination of labor demand decisions and wage-rate determination.The course reviews applications of theoretical predictions as they relate to important public policy issues such as child and elder care, social security, pay equity, the glass ceiling, affirmative action, sexual harassment, and poverty. This course meets the U.S. diversity requirement. Three credits.
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3.00 Credits
This course develops models of the aggregate economy to determine the level of output, income, prices, and unemployment in an economy.In recognition of the growing importance of global economic activity, these models incorporate the international sector.The course examines and evaluates the role of public economic policy, including fiscal and monetary policy.Topics may include growth theory and price stability.The course includes computer applications.(Prerequisite: EC 11 or permission of the instructor) Three credits.
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3.00 Credits
This course, which presents an overview of the theory and empirical practice of economic analysis as it applies to environmental issues, first establishes a relationship between the environment and economics.It then develops the concept of externalities (or market failures) and the importance of property rights before exploring the valuation of non-market goods.It examines the practice of benefit-cost analysis and offers economic solutions to market failures, while highlighting pollution control practices, especially those based on incentives.Throughout, the course examines current issues regarding environmental protection around the globe. This course meets the world diversity requirement. Three credits.
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3.00 Credits
This course identifies and explores the factors that make products, firms, and nations competitive, using a strong international, case study, and group discussion emphasis.The course draws on examples from manufacturing and service activities in Asia, Europe, and North America.Three credits.
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3.00 Credits
This course applies microeconomic theory to the health sector of the U.S.economy.Topics include the demand for health care and health insurance, managed care and the role of government, physician compensation, and specialty choice, the role of nurses and other healthcare professionals, the hospital sector, and medical cost inflation.Three credits.
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3.00 Credits
This course develops and examines the tools and concepts of economic analysis as they apply to the sports industry.Topics in professional sports include free agency, salary cap, and new franchises.The course also explores economic issues and institutional structures of sports such as golf and tennis, and the broader industry including the National Collegiate Athletic Association, sports equipment, advertising, minor leagues, and the Olympics.Students gain an increased understanding of how economics affect them through this combination of sports and economics.Three credits.
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3.00 Credits
This course includes two key components: a theoretical examination of the basic theories of regional economic development such as growth poles, spillovers, infrastructure requirements, and center-periphery analysis; and an application of these theories to a specific economic issue.Students participate in a comprehensive study of a significant economic issue facing a Connecticut community, in cooperation with a regional agency, resulting in detailed analysis of the issues and potential solutions.Fieldwork is required.Three credits.
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3.00 Credits
This course builds upon and expands the theoretical models of EC 11.The course introduces indifference curves to explain consumer behavior; short- and long-run production functions, showing their relationship to product costs; and the efficiency of various competitive market structures.Topics include marginal productivity theory of income distribution, monopoly, and general equilibrium theory.Required for all majors.(Prerequisite: EC 11) Three credits.
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