Introduces key mathematical tools widely used in economic literature that assist economists in developing and solving economic models. The course provides a mathematical foundation to other advanced field courses in the discipline. Topics include fundamentals of functions, linear and matrix algebra, univariate and multivariate calculus, unconstrained and constrained optimization, and introduction to integration.
The fundamentals of microeconomics. The behavior of firms and consumers: markets, supply/demand, utility maximization, resource allocation, and efficiency.
Determinants of supply and demand; operation of competitive and monopolistic markets; imperfections of the market system, explanations of unemployment, inflation, recessions; public policy for macroeconomic problems.
Determinants of supply and demand; operation of competitive and monopolistic markets; imperfections of the market system, explanations of unemployment, inflation, recessions; public policy for macroeconomic problems.
Students learn to understand and analyze the principal economic issues in the international business arena. Covers topics such as trade theory, foreign direct investment, foreign exchange market, and strategy of international business.
Determination of trade flows and the relative prices. Gains from trade, the terms of trade, and income distribution. Imperfect competition and international trade. The effect of tariffs, export subsidies, and import quotas. The effects of free and restricted trade.
Provides basic tools for analyzing economic decisions, the determinants and consequences of market structure and market failure. Topics include demand and supply analysis, production and cost theory, perfect competition, monopoly, and introductory game theory.Â
Introduction to American political processes and institutions. Topics include elections, political participation, parties, interest groups, the Presidency, Congress, the bureaucracy, and the judiciary.
First and second laws of thermodynamics, entropy, reversible and irreversible processes, properties of pure substances. Application to engineering problems.
Evaluations available upon request.