300
Analyzes the most important contemporary economic problems and the application of fundamental economic theories to present-day business problems.
Presents an analysis of trends and behavior of labor supply and demand, wage levels, structures, and differentials, and their effects on production and employment. Economic principles that underlie social legislation are also studied to give the student a better perspective of labor and its place in our economic society.
Considers the nature and functions of the monetary and banking mechanisms. Analyzing money and credit, bank regulations, the Federal Reserve System, and monetary theory are important for understanding not only the institutional structure of our money system, but how it holds together the balance of our economy.
Provides the student of economics with the tools needed for probabilistic and quantitative analysis of economic phenomena used in the development of theory and observation. The course introduces students to topics such as the classical linear regression model and hypothesis testing in building econometric models and simulations. Also covered are special topics such as autocorrelation, multicollinearity, heteroscedasticity, and dummy variables.
Explores the macroeconomics of the global business environment, examines the factors affecting capital accumulation and economic growth and development, and considers international balance of payments, the effect that national business cycles have on international business relationships, currency exchange rate movements and their effect on international consumption, investment and unemployment rates.