tics; probability distributions for simple experiments and for random variables; sampling distributions, confidence intervals, and hypothesis testing for the mean and pro- portion in the case of one sample. The emphasis is on developing statistical reasoning skills and concepts; com- putational skill is secondary. Students are taught the use of statistical software to handle the computations.
ECN2360 Introduction to Personal Finance (3 Credits)
Prerequisites: ECN2103 and ECN2102 (for non-economic students ECN 1101)
This course of applied economics helps consumers plan a budget and earmark savings for personal goals. topics include financing and owning a home; minimizing taxes; budgeting to balance income and expenses; managing expenses such as credit-card spending; planning one’s savings, particularly for investment; planning education and careers; determining how much insurance to buy; and retirement planning. The course shows students how to apply basic economic theory to practical problems. ECN3081 Intermediate Microeconomics (3 Credits)
Prerequisites: ECN2103, MSC1101
This course falls between Principles of Microeconom- ics and advanced Microeconomics. topics include consumer theory, firm production and costs, decision- making under perfect competition, imperfect competi- tion, monopoly, and oligopoly. Students can diagnose and solve microeconomic problems using the econom- ic concepts and tools acquired in this course.
ECN3082 Intermediate Macroeconomics (3 Credits)
Prerequisites: ECN2102 and MSC1101
this course provides the theoretical background to analyze macroeconomic phenomena. Several compet- ing theories will be introduced to discuss controver- sial issues of employment, inflation and government policies. traditionally, Keynesian and Classical theo- ries are debated in depth in this course. Theories like the Real Business Cycle Model also will be included. ECN3083 Mathematical Economics (3 Credits)
Prerequisites: ECN2103 and MSC1101
this introductory course applies mathematical tools to optimization decisions in economics. Matrix algebra
and calculus (differentiation and integration) will be briefly reviewed. the economic intuition behind vari- ous mathematical assumptions is explained. Particular emphasis is given to the unconstrained and constrained optimization techniques applied to the consumer the- ory, production theory (profit maximization and cost minimization), and to general equilibrium analysis. lin- ear modeling and linear programming are also covered. ECN3101 World Economy (3 Credits)
Prerequisites: ECN2103 and ECN2102 (for non-economic students ECN 1101)
The purpose of this course is to enable students to understand the world economy. Students will examine classical trade theory and learn the arguments that favor free trade. the course will also introduce the arguments challenging the free-trade paradigm, including New trade theory, as well as contentions drawn from economic geography, location theory and other fields. the course may also consider the environment, poverty, demographics, and technological progress, depending on the preferences of the instructor and of the students. The students will learn to analyze current economic events and global economic institutions, using the economic theory developed earlier.
ECN3103 Quantitative Methods for Economics (3 Credits)
Prerequisites: MSC1101 and ECN2103 (Previously listed as MATH1104)
the course provides necessary concepts of one and multivariable calculus as well as the theory of matrices needed for mathematical economics, econometrics, and financial mathematics. the course emphasizes intuition and conceptualization, avoiding difficult proofs. the course applies these concepts to economics, business, and other social sciences. ECN3151 Managerial Economics (3 Credits)
Prerequisites: ECN2103 and ECN2083
this course applies microeconomic theory to decision- making in business. It uses case studies extensively. Course topics include optimization techniques, estimation of demand functions, business forecasting, linear program- ming, oligopoly and strategic behavior, pricing techniques, risk analysis, capital budgeting, and anti-monopoly laws.
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ECN3155 Money and Banking (3 Credits)
Prerequisites: ECN2102
the course begins with a review of the functions of money and of the structure of banking. It proceeds with monetary theory as a guide to changing the money sup- ply and the interest rates. Much of the course concerns bank regulation. To understand the functioning of banks and, more generally, of financial institutions, one must first comprehend such phenomena as market equilibri- um, interest, inflation and exchange rates. Specific bank- ing issues will be interwoven into digressions concern- ing macroeconomics, microeconomics and international trade. The last part of the course is about duration and convexity, which help immunize bank balance sheets against unexpected changes in interest rates.
ECN3184 Econometric Methods (3 Credits)
Prerequisites: ECN 2103, ECN 2102 and ECN2083
this course introduces regression techniques widely used in economics and finance. It discusses basic procedures for estimating equations and testing hypotheses; the use of one or more independent variables; and problems in time series or cross- sectional data (for example, a dataset of income in each Kazakhstani oblast for a given year).
ECN3189 Economy of Kazakhstan (3 Credits) Prerequisites: ECN2102 and ECN2103
this course starts by introducing the economic history and geography of Kazakhstan and its neighbors. It then details economic development before, during and after the Soviet period. It emphasizes the stabilization and restructuring of Central Asian economies after 1991. It concludes by examining Kazakhstan’s resources, sectoral composition, and international comparative advantage. ECN3193 Project Appraisal (3 Credits)
Prerequisites: MSC1101 and ECN2103
In this course, students will be introduced with the tools used in planning and evaluation of projects. the relevant topics are: the theory of cost-benefit analysis, its application, strengths and limitations, as well as, the course will cover various other competing approaches/ techniques/models of project planning and evaluation. taking this course will help students to make feasibility study, monitoring and evaluation of economic projects.
ECN3350 Financial Economics I (3 Credits)
Prerequisites: ECN3081
this course introduces modern theories in financial economics. It applies economic analysis and the modern theory of finance to decisions of investors and firms. topics include the selection of a portfolio that may comprise bonds and other securities; option pricing; and basic theories of efficient markets. Students will learn how to evaluate such corporate financial decisions as capital budgeting, working capital management, mergers and acquisitions, bankruptcy and corporate reorganization. ECN3888 Professional Internship in Economics for BAE (3 Credits)
Prerequisites: Minimum 60 credits completed
this course fulfills the required internship for undergraduate students majoring in Economics. Through the internships, students will be given an opportunity to work with a for-profit or not-for-profit organization and determine alternative ways for better academic and professional planning. Under the supervision of a faculty advisor, students will gain minimum 80 hours working experience. Related readings, a daily journal, and a final report are required for the final evaluation.
ECN3888_1 Professional Internship in Economics for BAE (3 Credits)
Prerequisites: ECN3888
The continuation of Internship
ECN4085 Applied Macroeconomics (3 Credits) Prerequisites: ECN3082
This course follows up Intermediate Macroeconomics with detailed discussions of money, inflation, employ- ment, economic growth and technological change. It also applies the basic theory introduced in the first course to Central Asian economies.
ECN4086 Applied Microeconomics (3 Credits)
Prerequisites: ECN3081
This course follows up Intermediate Microeconomics with such advanced topics as general equilibrium theory, strate- gic behavior, making decisions under uncertainty, asymmet- ric information, public goods and externalities. The course develops these topics with elementary mathematics.