Principles and problems of macro-economics: national income, employment, inflation, economic growth, monetary and fiscal policies, international economics and alternative economic systems.
Introduction to basic statistical concepts including descriptive statistics, probability, confidence intervals, sampling distributions, hypothesis testing, correlation and regression. Emphasis is placed on statistical reasoning and data analysis with applications in econo ics, business and the social sciences. This course will not count toward satisfying the social sciences portion of the core curriculum requirement of the college.
Modern quantitative techniques in research: analysis of variance, linear regression, time series, multiple regression and computer applications.
An in-depth intermediate level discussion of price and value theory, as well as distribution theory. The economic decision-making process of consumers, business firms and owners of factors of lproduction operating under different market structures is given rigorous analysis.
An in-depth intermediate level discussion of macro-economics, including an analysis of income determination through the classical and Keynesian models. An analysis of the theories of consumption and investment, as well as business cycle fluctuations and economic growth. The analysis includes an examination of the theories of consumption and investment, the nature and causes of business cycles, and the determinants of economic growth.
A review and discussion of the main research methods used by economists. Students undertake a capstone research project. They begin by choosing and refining a research question, followed by a thorough literature review. Economic theory, evidence, and the development and testing of a hypothesis are used, as appropriate, to answer the research question. Both the question and the methodology are presented to the seminar at various stages of the research.
A review and discussion of the main research methods used by economists. Students undertake a capstone research project. They begin by choosing and refining a research question, followed by a thorough literature review. Economic theory, evidence, and the development and testing of a hypothesis are used, as appropriate, to answer the research question. Both the question and the methodology are presented to the seminar at various stages of the research.
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