Devon Lynch

Survey of the American economy focusing on markets, the price system, and resource allocation. Price determination in competitive and imperfectly-competitive markets. Applications in agricultural economics, legal prices, excise taxes, labor market issues, advertising, technological change, pollution and the environment, public goods, antitrust policy, international trade, and alternative economic systems.

Survey of the American economy focusing on markets, the price system, and resource allocation. Price determination in competitive and imperfectly-competitive markets. Applications in agricultural economics, legal prices, excise taxes, labor market issues, advertising, technological change, pollution and the environment, public goods, antitrust policy, international trade, and alternative economic systems.

Mathematical treatment of economic theory. Topics in microeconomics, macroeconomics, general equilibrium and welfare economics will be considered. Though most models will be deterministic, some stochastic models will be treated.

Translation of statistical concepts presented in ECO 332 into tasks in Microsoft Excel. Labs will consist of problems which will be solved step by step to foster an effective approach to statistical computing. Students will use hypothetical and real-world data when performing lab exercises. Topics covered in the lab will be the same as those covered in ECO 332.

Introduction to data and statistical methods used in economics. Descriptive statistics, probability distributions, sampling, estimation, confidence intervals, hypothesis testing, correlation, and regression including multiple regression are covered. Applications in economics with current economic data are emphasized.