Credit Hours: 3
This course is designed to introduce students to data science and analytics with attention given to understanding how to apply critical reasoning to the analysis and interpretation of data. The course provides coverage of scientific reasoning as applicable to a wide range of disciplines, research and data acquisition methodologies, ways of evaluating data quality, and ethics related to the responsible development, completion, and utilization of data analytic projects. This course is normally offered every fall and winter semester.
Credit Hours: 3
Microeconomics concerns itself with analyzing rational decision-making processes by consumers, producers, competitive firms, monopolistic competitors, oligopolists and monopolistic enterprises. Decision-making processes aim at value-maximization by consumers, factor efficiency and cost-minimization by producers, and profit maximization by sellers. In addition to studying production, distribution and consumer decision, Microeconomics also analyzes rational behavior of factor suppliers whether they be providers of labor, raw materials, parts or services for utility maximization by suppliers and value-product optimization by factor employers. Diverse aspects of buying and selling are then integrated into a general equilibrium model for social optimality. This course is normally offered every fall, winter, and summer semester.
Credit Hours: 3
The primary function of this course is to delve into economic analysis to describe, explain and predict aggregate measures of economic activities such as product, employment/unemployment, inflation, international trade and the balance of payments. The course constructs macro economic models of the economy, based on theory, to explain economic events. The models are then used to apply to and evaluate policy alternatives and actions of governments in their attempt to influence economic outcomes such as keeping inflation in check while achieving fuller employment while trading successfully with economies abroad. This course is normally offered every fall, winter, and summer semester.
Credit Hours: 3
This course studies the fields related to data analytics. The focus will be on data collection and analysis and with the decision-making process regarding the importance of the results. Students will gain an understanding of a variety of data analytics tools and develop skills in using them. This course aims to give empirical content to economic relations. It allows researchers and practitioners to shift through mountains of data to extract simple relationships and make valuable inferences. This course is normally offered every fall and winter semester.
Credit Hours: 3
An analysis of current economic and social problems, such as the role of government in a market-oriented society, externalities, market structure, regulation, anti-trust, and globalization of business.
Credit Hours: 3
Examines the following topics: determinants of the demand for and supply of labor; the changing labor force; time-allocation models; wage structure; occupational, industrial and geographical wage differentials; the wage-price unemployment problem; the impact of unionism; the implications of wage-price policies; structural unemployment; the problems of maintaining full employment.
Credit Hours: 3
A critical overview of some of the most influential thinkers in the history of economic doctrine.
Credit Hours: 3
An examination and comparison of the economic, psychological, and philosophical arguments advanced as the rationale for free enterprise, democratic socialist, fascist, etc. systems of economic order.
Credit Hours: 3
An introduction to the financial system, which precedes courses in finance and economics. It is designed for three groups of graduate students: those who have not had such an introductory course, those who had such a course several years ago and need a review and for those who have had such a course but for one reason or another did not learn the material well enough. Concepts such as financial intermediation, money, credit, interest rates, valuation are covered in depth. Cash and derivative markets as well as domestic and international finance are grist for our mill. The roll of the monetary authority (Federal Reserve) and its relationship to the financial system is covered. This course is normally offered every fall, winter, and summer semester.
Credit Hours: 3
The role of the public sector in a market-oriented economy. Efficiency criteria in public decision-making, budgeting, setting of priorities. Economic analysis of the incidence and economic effects, particularly on resource allocation and income distribution of major taxes, including their structures. Problems of intergovernmental relations.
Credit Hours: 3
A flow of funds approach to the study of financial institutions and markets. Analysis of the nature and role of monetary and non-monetary financial institutions. Effects of cyclical and secular changes in business activity. Federal Reserve policies and treasury operations in the financial markets. Inter-working of financial and non-financial markets. This course is normally offered every fall, winter, and summer semester.
Credit Hours: 3
A study of the nature, techniques and problems of business forecasting. Indicators of business activity. Short-run econometric forecasting models and the construction of aggregate forecasts and forecasts for major sectors of the economy. Application of aggregate and sector forecasts to particular industries and firms. Long-run predictions. This course is normally offered every fall and winter semester.
Credit Hours: 3
The theory of consumer behavior and demand. The theory of the firm. Partial and general equilibrium under pure competition.
Credit Hours: 3
Macroeconomic variables and their measurement. Classical and Keynesian theories of the determination of income, employment, and the price level. Aggregate demand; the consumption function and the theory of investment.
Credit Hours: 3
Acquaints students with various critical issues as applied to present day conditions and economic development. This course is normally offered every fall, winter, and summer semester.
Credit Hours: 3
An approach to the theory of international trade. Topics examined include the determination of the amount and composition of goods and services traded by nations, the terms of trade and changes in the structure of world trade. The impact of international trade on domestic stability, welfare and development. International factor price equalization, location theory and general methods of international economic relations. Qualitative and quantitative trade barriers are also analyzed. This course is normally offered every fall, winter, and summer semester.
Credit Hours: 3
An analysis of monetary and financial problems, adjustment mechanisms and policies of international trade. The foreign exchange market, capital flows, the problem of international liquidity. Particular, cyclical, secular and structural disequilibria in balance of payments are examined as are gold movements and the role of national central banks and international monetary agencies. International Monetary Policy analyzes issues, such as underdeveloped nations, debt forgiveness and funding of Third World projects are discussed and the ethical considerations of the human impact of international economic trends are evaluated. This course is normally offered every fall semester.
Credit Hours: 3
An examination of the fundamental problems of economic development of nations and an analysis of the process of their economic growth.
Credit Hours: 3
A study of the distribution of natural resources.
Credit Hours: 3
Ordinary least squares, multicollinearity, dummy variables, specification error, autocorrelation and Durbin-Watson test; heteroscedasticity problem; distribution lag model. This course is normally offered every fall and winter semester.
Credit Hours: 3
Advanced course in money and capital market. This course examines new processes and products in the financial system such as securitization and financial derivatives.
Credit Hours: 3
A study of monetary and fiscal policies designed to achieve maximum employment, price stability and economic growth. International interrelationships. This course is normally offered every fall semester.
Credit Hours: 1 TO 9
An intensive study of some special problems in the general area of financial economics.
Credit Hours: 3 OR 6
Optional Course. An intensive study of some special problems in the general area of financial economics.