Undergraduate Economics
Undergraduate Economics
2018 Summer Term
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PRINCIPLES OF MICROECONOMICS (GS)
ECON 201
Consumer and firm behavior. Market supply and demand and the price system. Monopoly and imperfectly competitive market structures. The pricing of factors of production and the distribution of income. Additional topics may include: poverty, growth and development; international trade. Conventional grade basis only if course is required in the College of Business for major.
PRINCIPLES OF MACROECONOMICS (GS)
ECON 202
The economic problem: allocating scarce resources among alternative uses. The role of the market: supply and demand. The aggregate economy: output, income, employment and inflation. The nature and role of money. The effect of government expenditure and taxation on the economy. Conventional grade basis only if course is required in the College of Business for major.
BUSINESS STATISTICS
ECON 245
An introduction to descriptive statistics, probability theory and statistical inference. Graphical and numerical methods of summarizing data. Probability concepts and theoretical probability distributions. Sampling and sampling distributions. Estimation, confidence intervals and hypothesis testing. Correlation and regression analysis. The course emphasizes the application and interpretation of statistical techniques.
INTERMEDIATE MICROECONOMIC ANALYSIS
ECON 301
Consumer and firm behavior. Theories of consumption and production. Pricing of products and factors of production under different market structures. General equilibrium. Market failure, externalities and public goods.
INTERNATIONAL ECONOMICS
ECON 401
The nature, extent and growth of international trade. Comparative advantage as the basis for trade. Distribution of the gains from trade between and within countries. International capital and labor mobility. Growth, technological progress and trade. Tariffs, quotas, subsidies, economic integration. Exchange rates and the balance of payments.
EXCHANGE STUDY
ECON 497
Variable topics.
INDEPENDENT STUDY
ECON 498
Study of a selected topic or topics under the direction of a faculty member. Repeatable. Department Consent required.