NSU 2014-2015 Undergraduate Catalog

350 Nova Southeastern University • Undergraduate Student Catalog • 2014–2015 COURSE DESCRIPTIONS foreign trade will be developed to illustrate their role in determining the levels of output, employment and prices in both a closed and open economy. The role of Fiscal and Monetary Policies and their short and long run impacts as well as supply side economic theories will be followed by the study of investment in Human and Physical Capital and how these investments influence economic growth and development. The course will conclude with the study of international trade and finance and their impact on the domestic economy. This course is open to HONOR students only. ECN 3020 Intermediate Microeconomics (3 credits) This course expands upon the tools of economic analysis covered in ECON 2020 Principles of Microeconomics. Mathematical tools will be employed to further analyze the theory of consumer choice, elasticity, costs and production industry structure, regulation and deregulation. ECN 3025 Intermediate Macroeconomics (3 credits) This course expands upon the tools of economic analysis covered in Principles of Macroeconomics. An overview of current macroeconomics events is followed by an in-depth study of the methodologies used to predict economic activity. Prerequisites: ECN 2020 and ECN 2025. ECN 3040 Law and Economics (3 credits) This course introduces students to the economic approach to the analysis of law. The approach confronts challenges by seeking to identify how best to design legal rules in order to maximize social welfare. To do so, the course will ask (i) how do legal rules affect the behavior of individuals and of organizations? and (ii) how do legal rules compare to each other, in terms of promoting overall social welfare? Prerequisite: ECN 2025. ECN 3210 Monetary Theory & Policy (3 credits) Examines the structure and function of the American banking system, the Federal Reserve System, and the function of monetary policy in the regulation of the national economy. Prerequisite: ECN 2025. ECN 4210 Econometrics I (3 credits) The purpose of this course is to introduce students to the theory and application of econometric methods to test economic relationships. It will familiarize students with the various sources of economic data and with the difficulties encountered in empirical testing of economic models. It covers the basic tools of estimation and inference in the context of the single-equation linear regression model, and deals primarily with least squares methods of estimation. The course emphasizes the intuitive understanding and practical application of these basic tools of regression analysis, as distinct from their formal development. ECN 4215 Econometrics II (3 credits) Advanced topics in econometrics. Topics include estimation of linear regression models with endogeneity, economic methods designed for panel data sets, estimation of discrete choice models, time series analysis, and estimation in the presence of auto correlated and heteroskedastic errors. Prerequisite ECN 4210 . ECN 4300 International Economics (3 credits) Reviews theories and practices of trade, comparative advantage, trade barriers, balance of payments, economic development, and regional economic integration. ECN 4310 Economic Development 1 (3 credits) Economic Development 1 (3 Credits):This course is designed to provide a working familiarity with the theoretical and empirical investigations used for understanding economic development. It will examine the economic structural shift that usually accompanies economic growth when human development occurs. It will also survey the statistical resources used to measure and analyze performance among developing countries. Topics include: income distribution and human resources, investment and capital flows, production and international trade. Prerequisite ECN 2025. ECN 4320 Latin American and Caribbean Economics (3 credits) This course examines the dynamics of economic development in Latin America and the Caribbean. Topics include primary product export dependence, industrialization, macroeconomic stabilization and trade liberalization. The focus then shifts to the economic integration of the Western Hemisphere. The course will finish with a survey of the economic relations between Latin America and other emerging markets. ECN 4500 Principles of Health Economics (3 credits) This course is designed to acquaint the student with applying the economic tools and methodology utilized by economists to analyze how a specific industry, health care, functions in both the short and long terms. Theories of consumption, investment, the public sector and comparative systems will be developed to illustrate their role in determining the critical contributions and dependency of the national economy on levels of output, employment and prices of the health care sector. This elective course will study the economics of health care and the impact on national and international policy issues. Students will be required to write a 30 page paper on the economics of one sector of the health economy. The paper will be prepared over the term and students will be prepared to lead presentations and panel discussions.