Students examine economic efficiency, theories and principles of taxation, consequences of various tax structure, Federal government expenditure, and debt management. From an intensive examination of monetary theory, students relate their knowledge of the modern quantity theory of money and the stability of the money demand function to the behavior of the economy. Students differentiate among monetarist versus Keynesian models, rules versus discretionary policy, rational expectation monetary policy in an open economy, and foreign exchange markets. ECON 3213 Students interpret and apply modern statistical methods to how the economic system works, and introduced to statistical inference, estimation theory, model building, and forecasting method. Emphasis is placed on model building and policy analysis.
Students use PC econometric software extensively.