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Economics
INTRODUCTION TO ECONOMICS-MICRO (3 cr.) 62:220:101:B6:80619 62:220:101:H6:81600 Consumer theory and market demand; production theory and market supply; market equilibrium; income distribution; and international trade. INTRODUCTION TO ECONOMICS-MACRO (3 cr.) 62:220:102:B6:80618 21:220:102:H1:81041 62:220:102:H6:81601 Major issues confronting the American economy; the nature of our private enterprise system, the role of government, the influence of the banking system, the problem of controlling inflation and deflation, and the requisites for a high level of national income and employment and a rising standard of living. STATISTICAL METHODS (3 cr.) 62:220:231:B6:81602 21:220:231:H1:80334 62:220:231:H6:80825 Descriptive statistics, probability, sampling, estimation, hypothesis testing, and regression analysis; realistic application with the computer employed as a major tool. 62:220:322:H6:81603 Application of regression and other statistical techniques to economic problems; classical linear regression model developed with analysis of the underlying assumptions and the consequences of their violation; use of econometric techniques in micro- and macro-economic problems; computer-assisted applications. Development of the fundamental tools of price and distribution theory; analysis of commodity and factor price determination under competitive and noncompetitive market conditions from the standpoint of the household and the firm; introduction to welfare economics. Theoretical analysis of national income, employment, and price-level determination; roles of consumer and investor demand, interest rates, money supply, and fiscal and monetary policy considered within the framework of Keynesian, post-Keynesian, monetarist, and new classical theories. MONEY AND BANKING (3 cr.) 21:220:365:H1:80448 The structured operation and consequences of the monetary system; role of money and banking in the organization and the fluctuations of our economic system; recent changes in the functions of the Federal Reserve System. Establish financial market fundamentals; survey asset pricing theories; examine market patterns and trading strategies. INDIVIDUAL STUDY IN ECONOMICS (BA cr.) By permission only.
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