Nss Exploring Economics Exam Practice (3rd Ed) Macroeconomics Answers

[Rubi Strycker]

ECON230 Economics of Fisheries and Oceans (5) NSc/SSc, RSN

Examines how and why people and businesses make choices that lead to over-fishing, hypoxic zones, and oil spills in aquatic environments. Applies economic principles to understand how alternative policies might change these decisions, and how distributional effects influence politically feasible solutions. Offered: jointly with FISH 230; Sp.

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ECON 235 Introduction to Environmental Economics (5) SSc/NSc

Introduces environmental and natural resource economics. Discusses fundamental economic concepts, including markets and private property. Includes basic tools used in the economic assessment of environmental problems and applies these methods to key environmental issues. Offered: jointly with ENVIR 235/ESRM 235; SpS.

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ECON 282 Using Econometrics: A Practical Approach (5) NSc

Concerned with estimating economic relationships, confronting economic theory with facts, and testing hypotheses involving economic behavior. Specific topics include mathematical statistics, single and multiple variable regression analysis, the Gauss-Markov Theorem, hypothesis testing, model specification, multicollinearity, dummy variable, heteroskedasticity, and serial correlation.

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ECON 301 Intermediate Macroeconomics (5) SSc

Analysis of the determinants of the aggregate level of employment, output, prices, and income of an economy. Policy issues and applications with special reference to current monetary and fiscal policy. Prerequisite: a minimum grade of 2.0 in ECON 201; and a minimum grade of 2.0 in ECON 300. Offered: AWSpS.

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ECON 345 Global Health Economics (5) SSc

Introduces the application of health economics and the tools economists use to inform global health solutions in low and middle-income countries. Examines relationship between global health and development, survey of health economic evaluation concepts with focus on diseases and conditions in low and middle-income countries. Recommended: ECON 200 strongly recommended, G H 101 recommended Offered: jointly with G H 345; Sp.

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ECON 346 Using Economics to Solve Today's Healthcare Problems (4) SSc

Health economics is a growing field and an important aspect of public policy. Introduces health economics and the tools economists use to analyze current issues in health care. Furthers the understanding of economics and how it is used in current debates. Prerequisite: ECON 200. Offered: jointly with HSERV 346; A.

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ECON 382 Introduction to Econometrics (5) NSc

Applies statistical methods to economic data: estimating economic relationships using regression analysis and testing hypotheses involving economic behavior. Uses econometric software. Open to economics majors only. Cannot be taken for credit if ECON 482 taken previously or concurrently. Prerequisite: minimum grade of 2.0 in ECON 300.

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ECON 396 Honors Research Seminar (2) SSc

Different members of the Economics faculty present and discuss their research work. Exposes students to ideas about potential topics for their thesis. For Honors students only. Does not satisfy graduation requirement for the major. Prerequisite: ECON 301 Offered: Sp.

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ECON 400 Advanced Microeconomics (5) NSc

Explores the rigorous development of mathematical models used by economists to explain the behavior of consumers, firms, and markets. Topics include comparative statics for consumption theory, duality in production, and decision-making under uncertainty. Prerequisite: a minimum grade of 2.0 in ECON 300; and a minimum grade of 2.0 in MATH 126.

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ECON 402 Microeconomics: Methods and Applications (5) SSc

Generalizations and extensions of the course models of competition and monopoly taught in ECON 300. Topics may include: factor markets and effects of monopoly power; game theory and oligopoly theory; decision making over time; uncertainty and under asymmetric information; contracts and incentives. Prerequisite: minimum grade of 2.0 in ECON 300.

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ECON 403 The Economics of Property Rights (5) SSc

Property rights as an economic concept. Delineation of rights as a subject of optimization. Formation of contracts to maximize the value of personal property. Formation of organizations to induce efficient use of resources and minimize losses to public domain. Prerequisite: minimum grade of 2.0 in ECON 300.

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ECON 404 Industrial Organization and Price Analysis (5) SSc

Analysis of firm behavior in imperfectly competitive markets. Topics include monopoly, oligopoly, product differentiation, entry deterrence, and the role of asymmetric information. Game theoretic tools and empirical evidence used to analyze topics. Prerequisite: minimum grade of 2.0 in ECON 300.

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ECON 406 Undergraduate Seminar in Economics (5, max. 10) SSc

Provides the undergraduate student an opportunity to apply the tools of economic analysis in a critical examination of theoretical and empirical work. A list of topics is available in the departmental office. Prerequisite: minimum grade of 2.0 in ECON 300

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ECON 408 Economic Analysis of the Law (5)

Includes contracts, property, torts, securities regulation, antitrust, and intellectual property. Provides students a well-rounded view of both current examples and applications within the practice of law, as well as the underlying economic theory embedded in these areas of law. Prerequisite: minimum grade of 2.0 in ECON 300.

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ECON 409 Undergraduate Seminar in Political Economy (5, max. 10) SSc

Seminar in political economy with focus on Marxian and public choice approaches to political economy. Explores the questions raised by each approach, the assumption(s) and testability of hypotheses, and applies these approaches to a number of problems in political economy. Offered: jointly with POL S 409.

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ECON 410 Economics of Networks (5) SSc

Developing and using mathematical and other tools to describe and analyze networks in economic contexts. Applies tools to topics such as social learning, the effects of peers, and networked markets, as well as theoretical analysis of network formation and games on networks. Prerequisite: a minimum grade of 2.0 in ECON 300; recommended: ECON 400 and ECON 485.

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ECON 411 Behavioral Economics (5) SSc

Incorporates insights from psychology into economic models. Examines evidence suggesting individuals systematically depart from traditional economic assumptions, and modifies these assumptions to construct models that generate sharp and testable predictions. Students learn how psychology and economics can be used together to understand human behavior. Prerequisite: a minimum grade of 2.0 in ECON 300.

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ECON 412 Macroeconomics and Inequality (5) SSc, DIV

Determinants of income and wealth distribution and how these distributions interact with the macroeconomy; relationship between inequality and growth; interaction between inequality and business cycles; gender, racial, and geographic income and wealth gaps; effects of discrimination on inequality and growth; and effects of policies designed to reduce inequality. Prerequisite: a minimum grade of 2.0 in ECON 301.

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ECON 425 Topics in Monetary Economics (5) SSc

Topics include monetary policy and financial markets, two transmission mechanisms, dynamics of monetary policy, targeting interest rates versus targeting the quantity of money, monetary policy under fixed versus flexible exchange rates, inflation targeting, and practices of central banks, i.e., Fed, ECB, BOJ and PBOC. Prerequisite: minimum grade of 2.0 in ECON 301.

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ECON 426 Advanced Financial Economics (5) SSc

Provides an introduction to financial derivatives and structured financial products, with emphasis on futures, options, credit derivatives, swaps, economic theory, valuation methods, trading strategies, hedging, and securitization. Emphasizes real world applications and developments in the financial market. Prerequisite: ECON 300 and MATH 124.

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ECON 431 Government and Business (5) SSc

Economic effects of various governmental regulatory agencies and policies. Antitrust legislation as a means of promoting desired market performance. Observed economic effects of policies intended to regulate business practices, control prices, conserve resources, or promote competition. Prerequisite: minimum grade of 2.0 in ECON 300.

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ECON 432 Empirical Industrial Organization (5)

Competition and market structure, product differentiation, entry and exit, vertical relationships, cartel, mergers, and consumer dynamics. Special emphasis on empirical aspects of economic models in industrial organization; i.e., identification of demand and supply, merger evaluations, detection of cartels, and estimation of entry-exit models. Econometrics and statistical software employed to conduct empirical exercises. Prerequisite: a minimum grade of 2.0 in ECON 300.

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ECON 435 Natural Resource Economics (5) SSc

Survey of the economics of renewable and nonrenewable resources including fisheries, forest, minerals, and fuels. Optimal trade-offs between benefits and costs of resource use, including trade-offs between current and future use. Effects of property rights on resource use. Prerequisite: minimum grade of 2.0 in ECON 300.

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