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ECON 421

ECONOMIC DECISION ANALYSIS

4 credits.

Managerial oriented, applied presentation of microeconomic theory. Quantitative emphasis with extensive homework use of spreadsheets and written executive summaries of applied economic analyses. Applications on natural resources and agricultural markets.

Prerequisites & course information

Requisites: STAT 301 , 371 , ECON 310 , SOC/C&E SOC 360 , PSYCH 210 , or ( GEN BUS 306 and 307 ) Course Designation: Core GenEd - Mathematics & Quantitative Reasoning Breadth - Social Science Level - Intermediate L&S Credit - L&S Liberal Arts and Science Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Manipulate, organize, and visualize quantitative economic data using computer software. Audience: Undergraduate 2. Conduct statistical analyses and estimate basic linear regression models of economic data. Audience: Undergraduate 3. Correctly report and interpret results from statistical analyses in the context of informing economic decisions. Audience: Undergraduate 4. Set up and solve linear and non-linear programming problems that inform economic decision-making using computer software. Audience: Undergraduate 5. Integrate uncertainty into the analysis of economic decisions and articulate how uncertainty influences economic behavior. Audience: Undergraduate 6. Effectively communicate verbally, visually, and in writing the process and results of economic decision analyses. Audience: Undergraduate Learning Outcomes: 1. Manipulate, organize, and visualize quantitative economic data using computer software. Audience: Undergraduate 2. Conduct statistical analyses and estimate basic linear regression models of economic data. Audience: Undergraduate 3. Correctly report and interpret results from statistical analyses in the context of informing economic decisions. Audience: Undergraduate 4. Set up and solve linear and non-linear programming problems that inform economic decision-making using computer software. Audience: Undergraduate 5. Integrate uncertainty into the analysis of economic decisions and articulate how uncertainty influences economic behavior. Audience: Undergraduate 6. Effectively communicate verbally, visually, and in writing the process and results of economic decision analyses. Audience: Undergraduate

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