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ECON 420. Economics of Nonprofit Organizations

Credits: 3
Department: Economics
Description: Economic theories of nonprofit and public organizations; their importance in the economy; and the structure and performance of not-for-profit firms and public agencies.
Prerequisites: ECON 205, ECON 206
Semester Offered: DEMAND
Grading Method: ABCDF

Student Learning Outcomes

1. Evaluate the importance of perfect information, property rights, and transaction costs in the private market.
2. Explore the historical, cultural, and political dimensions of the nonprofit sector.
3. Differentiate the roles of the for-profit, nonprofit, and public sectors in the economy.
4. Enumerate the role of nonprofits, types of nonprofits, and tax treatment of nonprofits in the economy.
5. Examine the motivation of donors and volunteers, and develop a strategy to support and encourage these contributions.
6. Recommend an evaluation tool to measure the effectiveness of the nonprofit sector.

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