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Course Criteria
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3.00 Credits
This course is designed to provide students with the economic and analytical tools to better understand the domestic and global economic environments; macroeconomic problems, such as inflation and unemployment; and the alternative policy proposals suggested for solving these problems. Emphasis will be placed on business cycle behavior, stabilization policies, economic growth, and international macroeconomic linkages. Prerequisites: EC 110 and 211.
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3.00 Credits
This course integrates the traditional coverage of microeconomic theory with modern developments in the theory of economic organizations and managerial decision making. Introducing the concepts of transaction costs, this course examines efficiency and coordination with firms, and provides tools for effectively analyzing a wide variety of business situations. Topics include the neoclassical theory of the firm, the organization of the firm, centralized decision making, market failure and externalities, economics of information, and game theory. Prerequisites: EC 110 and 211.
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3.00 Credits
This course applies basic economic theories for analysis of some current socioeconomic issues for public policy decision making. Selected policy areas may include analyzing international macroeconomic and microeconomic data obtained through the Internet or other sources, inflation and unemployment, economic growth, urban decay, poverty, discrimination, health care, retirement policies, tariffs and international trade policy, pollution, government regulations, income distribution, and other contemporary issues. Students are expected to work in teams to develop alternative solutions to problems discussed. Prerequisites: EC 110 and 211, or permission of instructor.
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3.00 Credits
This course stresses the economic way of thinking by developing a unifying analytical framework for the study of money, banking, and financial markets. This framework uses a few basic economic principles to analyze the structure of financial markets, the foreign exchange market, bank management, and the role of money in the economy. International applications are integrated throughout the course. Topics such as international banking, conduct of monetary policy in other countries, and the growing integration of financial markets, among others, will be covered. Prerequisites: EC 110 and 211.
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3.00 Credits
This course examines the development of economic theories from preclassical to contemporary economics. Emphasis is placed on contributions of individual writers and schools of economic thought. Prerequisites: EC 110 and 211, or permission of instructor.
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3.00 Credits
The processes of industrialization and economic growth; the first industrialization in England; the subsequent spread of industrialization in the Western world; the social, political, and intellectual concomitants of industrialization.
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3.00 Credits
An examination of the responses of non- Western societies to contact with Western technological superiority since the Meiji Era in Japan and their varied experiences with the imperatives of induced industrialization, as distinguished from the earlier Western pattern of spontaneous industrialization. Prerequisite: Permission of instructor.
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3.00 Credits
Analysis of the fundamental, social, political, and economic factors that influence economic development. Emphasis on factors that condition growth in underdeveloped countries and on problems of maintaining growth rates in advanced economies. Prerequisites: EC 110 and 211.
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3.00 Credits
Deals with decision making for governmental activities and expenditures, as affected by certain relevant areas of economics, political science, and administrative theory. Special emphasis is given to cost-benefit analysis; budget systems, particularly program budgeting; effects of taxation on equity and efficiency; fiscal policy and intergovernmental fiscal relationships. Prerequisite: EC 211.
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3.00 Credits
A survey of the salient features of the present international economy and a foundation in the theory of international trade and finance. Topics include classical and modern trade theories, regional economic integration, commercial policy, and current issues of the global economy. Prerequisites: EC 110 and 211.
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