Course Schedule and Catalog

Long Title: AP/OTH CREDIT IN MICROECONOMICS

Department: Economics

Grade Mode: Transfer Courses

Course Type: Transfer

Credit Hours: 1 TO 6

Description: This course provides credit for students who have successfully completed approved examinations, such as Advanced Placement exams or for students with transfer credit. This credit counts toward the total credit hours required for graduation.

Long Title: AP/OTH CREDIT IN MACROECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Transfer

Credit Hours: 1 TO 6

Description: This course provides credit for students who have successfully completed approved examinations, such as Advanced Placement exams or for students with transfer credit. This credit counts toward the total credit hours required for graduation.

Long Title: MICROECONOMICS I

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Description: Formerly ECON 211. Introductory analysis of prices and optimization. Applications include the behavior of households and firms, industrial organization, and international trade. Mutually Exclusive: Cannot register for ECON 201 if student has credit for ECON 211.

Long Title: INTRODUCTION TO GAME THEORY

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Description: Formerly ECON 340. Game theory is a way of thinking about strategic situations. Ideas such as dominance, Nash equilibrium, evolutionary stability, backward induction, commitment, credibility, asymmetric information, adverse selection, and signaling are discussed and applied to games played in class and to examples drawn from economics, politics, the movies, and elsewhere. Some familiarity with the principles of microeconomics (e.g. ECON 201, formerly ECON 211) is desirable, but not essential. No prior knowledge of game theory is assumed.

Long Title: BUSINESS, LAW AND ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 201 OR ECON 211

Description: Formerly ECON 438. Exploration of the area of the law most applicable to business using economic tools. Mutually Exclusive: Cannot register for ECON 239 if student has credit for ECON 438.

Long Title: CORPORATE FINANCE

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): BUSI 305 AND STAT 280 AND (ECON 201 OR ECON 211)

Description: Corporate financial management including tools used to evaluate and select investment projects and the method of financing those investments. The influence of corporate control on investment decisions. The valuation of stocks, bonds and options using the time value of money, the trade-off between risk and return, and arbitrage.

Long Title: ORGANIZATIONAL DESIGN

Department: Economics

Grade Mode: Standard Letter

Course Type: Seminar

Credit Hours: 3

Prerequisite(s): ECON 201 OR ECON 211

Description: Formerly ECON 348. An introduction to the analysis, design, and management of organizations with an emphasis on incentives and information. Principles from economics and game theory will be applied to problems in recruiting, training, job design, organizational structure, and pay. A student may not receive credit for this course and ECON 445. Cross-list: POLI 245.

Long Title: RELIGION, ETHICS, AND ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 201 OR ECON 211

Description: Formerly ECON 452. Review economic models of the formation of religious groups and ethical norms, as well as the interactions of religious beliefs and ethical norms with economic incentives and legal systems. Also review recent debates on the role of ethics in corporate culture, especially in highly competitive industries and markets. Students will write term papers on topics of their choosing, subject to professor's approval.

Long Title: FINANCIAL MARKETS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 201 OR ECON 211

Description: Formerly ECON 355. Study of the principles of U.S. and international equity and debt markets, and the interactions between such markets and various countries' monetary and exchange rate policies. The role of financial markets and institutions in the allocation and transfer of credit and risk is highlighted, and various existing and suggested regulatory frameworks are discussed.

Long Title: FOUNDATIONS OF PUBLIC SECTOR ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 201 OR ECON 211

Description: Formerly ECON 250. The prime focus of the course is upon the government budget including taxes, expenditures, debt finance, as well as government-owned enterprises. Effects of the budget on income distribution, efficiency and economic growth are also considered.

Long Title: MICROECONOMICS II

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): (ECON 201 OR ECON 211) AND (MATH 101 OR MATH 111 AND MATH 112)

Description: Formerly ECON 370. Intermediate level analysis of markets, firms, households, income distribution, and general equilibrium.

Long Title: MACROECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Formerly ECON 375. Micro-foundations of macroeconomic theory.

Long Title: PROBABILITY AND STATISTICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group III

Credit Hours: 3

Prerequisite(s): MATH 102

Description: Formerly ECON 382. Probability and the central concepts and methods of statistics including probability distributions, expectation, estimation, hypothesis testing, sampling distributions, linear models. Section 1 presents the general use in multiple disciplines; section 2 focuses on problem sets and examples in civil and environmental engineering. Cross-list: STAT 310. Recommended Prerequisite(s): MATH 212.

Long Title: APPLIED ECONOMETRICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): (ECON 301 OR ECON 370) AND (STAT 280 OR ECON 307 OR ECON 382 OR STAT 310)

Description: Formerly ECON 446. Applied econometrics methods; focus will be on the application of econometrics to modeling, forecasting, and hypothesis testing. Applications will include firm decision-making, portfolio management, and macroeconomic forcasting. Some knowledge of calculus is required.

Long Title: INDEPENDENT RESEARCH

Department: Economics

Grade Mode: Standard Letter

Course Type: Research

Credit Hours: 3

Prerequisite(s): (ECON 201 OR ECON 211) AND (ECON 301 OR ECON 370) AND (ECON 303 OR ECON 375) AND (ECON 309 OR ECON 446 OR ECON 409 OR ECON 400) AND (STAT 280 OR ECON 307 OR ECON 382 OR STAT 310) AND (MATH 101 OR MATH 111 AND MATH 112)

Description: Independent research project on an approved topic. Students must have an average grade of B or higher in the prerequisite courses. Individual advisors may require additional pre-requisites. Instructor Permission Required.

Long Title: MATHEMATICAL STRUCTURE OF ECONOMIC THEORY

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): (ECON 301 OR ECON 370) AND (MATH 212 OR MATH 221) AND (MATH 211 OR MATH 355 OR CAAM 335)

Description: Formerly ECON 477. There are two purposes for this course: i) to provide juniors and seniors in Economics with the essential mathematical tools; ii) to show how these tools are applied in economic theory. Accordingly, the course is divided into two parts. The first part covers mathematical topics, such as real analysis and optimization. The second part introduces some fundamental topics in economic theory, such as game theory and auction theory, to which the mathematical tools are applied. The course emphasizes logical clarity and mathematical rigor, along with the ability to follow and construct mathematical proofs.

Long Title: SENIOR INDEPENDENT RESEARCH

Department: Economics

Grade Mode: Standard Letter

Course Type: Research

Credit Hours: 3

Description: Independent research project for seniors on an approved topic of their choice. Instructor Permission Required.

Long Title: SENIOR INDEPENDENT RESEARCH

Department: Economics

Grade Mode: Standard Letter

Course Type: Research

Credit Hours: 3

Description: Independent research project for seniors on an approved topic of their choice. Instructor Permission Required.

Long Title: GAME THEORY AND ECONOMIC BEHAVIOR

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Formerly ECON 440. The course develops a rigorous presentation of key concepts in game theory, and emphasizes their applications to economic modeling. Contents include: choice under uncertainty and Von Neumann Morgenstern utility; games in normal form: mixed strategies, Nash equilibrium (existence and stability); games in extensive form: backward induction and other equilibrium refinements; games with incomplete information: Bayesian Nash equilibrium; cooperative games: core stability and the Shapely value. Recommended prerequisite(s): Familiarity with mathematical arguments and probability theory.

Long Title: ECONOMETRICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): (ECON 307 OR STAT 310 OR ECON 382 OR STAT 381) AND (MATH 211 OR MATH 355 OR CAAM 335)

Description: Formerly ECON 400. Survey of estimation and forecasting models. Includes multiple regression time series analysis. A good understanding of linear algebra is highly desirable. Cross-list: STAT 400.

Long Title: LABOR ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): (ECON 370 OR ECON 301) AND MATH 101

Description: This course studies empirical evidence and theories relating to several features of labor markets. Topics covered may include fertility, health, criminal behavior, labor force participation, hours of work, education and training, geographical and inter-firm labor mobility, static and dynamic labor demand, unions, discrimination, government intervention in labor markets, and "hedonic" equilibria in labor markets.

Long Title: INTERNATIONAL TRADE

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): (ECON 301 OR ECON 370) AND (ECON 303 OR ECON 375)

Description: Study of the economic relationships between countries. Includes trade theory, tariffs and other trade restrictions, international finance, trade and development, and current policy issues.

Long Title: INTERNATIONAL FINANCE

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): (ECON 370 OR ECON 301) AND (ECON 375 OR ECON 303)

Description: Analysis of foreign exchange and international capital markets and linkages between exchange rates, interest rates, and prices. Includes an overview of historical and institutional developments, and current policy issues.

Long Title: INDUSTRIAL ORGANIZATION

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): (ECON 205 OR ECON 340) AND (ECON 301 OR ECON 370)

Description: Introduction to monopoly, price discrimination, vertical control, short-run price competition, dynamic price competition and tacit collusion, price and non-price competition with differentiated products, entry barriers, information and strategic behavior (e.g. auctions), and research and development.

Long Title: REGULATION

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 370 OR ECON 301

Description: Analysis of governmental regulatory activities under antitrust laws and in such regulated industries as communications, energy, and transportation. Recommended Prerequisite(s): ECON 435.

Long Title: ENERGY ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Discussion of key aspects in the supply and demand of energy. Topics include optimal extraction of depletable resources, transportation, storage, end-use and efficiency, and the relationship between economic activity, energy, and the environment. Cross-list: ENST 437.

Long Title: TORTS, PROPERTY, AND CONTRACTS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: The course will address the role of economics in understanding the legal system, in particular understanding how the law allocates entitlements and risk in property, tort and contract law. This course is primarily intended for students who are considering attending law school and uses instruction methods appropriate for that goal.

Long Title: FINANCIAL ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): (ECON 307 OR ECON 382 OR STAT 310) AND (ECON 301 OR ECON 370)

Description: Economic analysis of the operation of financial markets. Covers asset pricing, risk management, portfolio theory, arbitrage theory, and market efficiency. Emphasis is put on the application of the financial concepts to decisions faced by households and firms.

Long Title: MANAGERIAL ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Application of economics to the determination of the profitability of the firm. Includes organization theory and problems of control. A student may not receive credit for ECON 445 and ECON 245/POLI 245.

Long Title: ADVANCED TOPICS IN ENERGY ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): (ECON 301 OR ECON 370) AND (ECON 309 OR ECON 446 OR ECON 409 OR ECON 400) AND ECON 437

Description: A detailed development and analysis of topics in energy modeling. Topics include optimal extraction of depletable resources, models of storable energy commodities, energy demand by end-use sector, models of non-competitive behavior, energy security and the relationship between energy and commodity prices. Graduate/Undergraduate Equivalency: ECON 547. Recommended Prerequisite(s): ECON 308 or ECON 477 or ECON 401. Mutually Exclusive: Cannot register for ECON 447 if student has credit for ECON 547.

Long Title: ECONOMIC DEVELOPMENT

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 301

Description: Course covers three dimensions of economic development: human, capital, including education and public health; natural resources sustainability and the role of the government budget.

Long Title: THE POLITICAL ECONOMY OF LATIN AMERICA

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Examination of economic and political development, as well as the current policy in Latin America. Explores the different economic models pursed since WWII along with their consequences. Includes a comparative analysis of selected countries, with emphasis on the interaction between policy choices and outcomes.

Long Title: MONEY AND FINANCIAL MARKETS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): (ECON 370 OR ECON 301) AND (ECON 303 OR ECON 375)

Description: Micro-foundation of monetary, fiscal and financial theory.

Long Title: INTERNATIONAL DEVELOPMENT: FINANCE, TRADE, FOREIGN INVESTMENT AND FOREIGN AID

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301

Description: Course focus on role of finance and international trade, investment and aid in economic development.

Long Title: URBAN ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Deals with the nature and development of urban areas. The analytical sections of the course deal with the location of firms and households in an urban spatial context, the size distribution of urban areas, the theory of land rent, and optimal city size. Various urban problems such as poverty, racial segregation and discrimination, and pollution and environmental quality are discussed. Other policy questions deal with congestion tolls and efficient highway investment, land use regulation, central city fiscal problems, and alternative educational policies.

Long Title: ECONOMIC MODELING AND PUBLIC POLICY

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Examnies the use of computable general equilibrium (CGE) models to analyze the economic effects of public policy reforms. Reviews theoretical aspects of general equilibrium modeling, constructs some basic CGE models, and shows how the models are used to analyze the efficiency, distributional, and transitional effects of various policy reforms. Federal tax reform in the U.S. is the primary policy application; other issues examined may include Social Security, environmental policy, and international trade.

Long Title: ENVIRONMENTAL ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: The economic theories of externalities and common property resources are used to analyze how markets, legal institutions, regulations, taxes and subsidies, and voluntary activity can affect the supply of environmental amenities, such as clean air, clean water, and wilderness areas. We also discuss methods for determining the demand for environmental amenities. Cross-list: ENST 480.

Long Title: HEALTH ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): (ECON 301 OR ECON 370) AND (ECON 309 OR ECON 446 OR ECON 409 OR ECON 400 OR STAT 400)

Description: Study of determinants of health, including behavioral, economic and social factors and access to health care. Analysis of the medical care industry, production, cost, demand and supply factors. Effects of regulation and methods of payment.

Long Title: DISTRIBUTIVE JUSTICE: A MICROECONOMIC APPROACH

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: The course examines various economic concepts of efficiency, fairness, and incentive-compatibility in resource allocation problems involving trade and production. Topics include: collective utility functions and social welfare orderings; fair division and fair distribution; the No Envy test and competitive trade; cost sharing, the Stand Alone test and the Shapely value; theories of the social contract such as utilitarianism and egalitarianism; axiomatic bargaining, impossibility results of Arrow and Gibbard-Satterthwaite.

Long Title: PUBLIC FINANCE: TAX POLICY

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: The course provides an economic analysis of tax policy, focusing on the current national debate regarding the relative merits of income and consumption-based taxes in terms of equity, efficiency, and simplicity. Tax effects on individual and business behavior and general equilibrium modeling of the economic and distributional effects of alternative tax reforms are analyzed. Special topics include optimal taxation of the family, estate taxation, taxation of electronic commerce, and state and local public finance.

Long Title: PUBLIC GOODS AND PUBLIC EXPENDITURE THEORY

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): (ECON 301 OR ECON 370) AND MATH 212

Description: Public goods theory including non-rival congestible and excludable public goods, common property resources, information and club goods. Topics such as the cost of information, carbon dioxide restrictions, fisheries, vaccines, and internet congestion will be covered.

Long Title: SPECIAL TOPICS IN ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Analysis of urgent and significant economic problems, with emphasis on the evaluation of policy remedies. Content will vary from year to year.

Long Title: SPECIAL TOPICS IN ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Analysis of current with emphasis on the evaluation of policy remedies. Content varies from year to year.

Long Title: SENIOR SEMINAR

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Description: Comprehensive analysis of economic issues related to a specific topic. Content will vary year to year. Instructor Permission Required.

Long Title: MICROECONOMIC THEORY I

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 5

Description: The theory of consumer behavior, the theory of the firm, and partial equilibrium analysis.

Long Title: MACROECONOMIC/MONETARY THEORY I

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 5

Description: Intertemporal general equilibrium models, dynamic programming, search theory, monetary models.

Long Title: ADVANCED ECONOMIC STATISTICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 3

Description: Statistical inference and the testing of hypotheses multiple and partial correlation analysis; analysis of variance and regression. Cross-list: STAT 604.

Long Title: MACROECONOMIC/MONETARY THEORY II

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description: More detailed discussion of selective Macroeconomic and Monetary topics.

Long Title: TOPICS IN MACROECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 5

Description: Discussion of selected topics of current interest, Repeatable for Credit.

Long Title: MATHEMATICAL ECONOMICS I

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description: The purpose of this course is to provide the first-year PhD students in Economics with the essential mathematical tools. The course covers topics in real analysis, topology, linear algebra, etc. Aside from providing the mathematical tools, a primary aim of this course is to develop the level of mathematical sophistication necessary to conduct research in modern economics. The course will therefore emphasize logical clarity and mathematical rigor, along with the ability to follow and construct mathematical proofs.

Long Title: MICROECONOMIC THEORY II

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Prerequisite(s): ECON 501

Description: This course has two parts. The first part covers the basics of general equilibrium theory under complete and incomplete markets (existence, optimality, cooperative foundations, asset pricing). The second part in an introduction to non-cooperative game theory, which covers standard equilibrium concepts for static and dynamic games with perfect or imperfect information and their applications to signaling and adverse selection.

Long Title: MICROECONOMICS III

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Prerequisite(s): ECON 508

Description: Social choice and preference aggregation. Cardinal welfarism Bargaining: axiomatic and strategic models. Cooperative games: core stability and coalition formation, Shapley value, cost and surplus sharing. Mechanism design: dominant strategy, strategy-proof voting, fair division, and cost sharing; implementation in Nash, Strong, and Bayesian Equilibrium.

Long Title: ECONOMETRICS I

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 504 OR STAT 604

Description: Estimation and inference in single equation regression models, multicollinearity, autocorrelated and heteroskedastic disturbances, distributed lags, asymptotic theory, and maximum likelihood techniques. Emphasis is placed on the ability to analyze critically the literature. Cross-list: STAT 610.

Long Title: ECONOMETRICS II

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 3

Description: Topics in linear and nonlinear simultaneous equations estimation, including panel data, qualitative and categorical dependent variable models, duration analysis, simulation based estimation, treatment effects, stochastic production frontier estimation. Cross-list: STAT 611.

Long Title: INTERNATIONAL TRADE THEORY

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 5

Description: Exploration of classical, neoclassical, and modern trade theory. Includes welfare aspects of trade such as the theory of commercial policy, with emphasis on applications.

Long Title: INDUSTRIAL ORGANIZATION AND CONTROL

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description: Core topics include monopoly, price discrimination, vertical control, short-run price competition, dynamic price competition and tacit collusion, price and non-price competition with differentiated products, entry barriers, information and strategic behavior (e.g. limit pricing, auctions), and research and development.

Long Title: LABOR ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 5

Description: Graduate-level analysis of empirical evidence and theories relating to several features of labor markets. Topics covered may include fertility, health, criminal behavior, labor force participation, hours of work, education and training, geographical and inter-firm labor mobility, static and dynamic labor demand, unions, discrimination, government intervention in labor markets, and “hedonic” equilibria in labor markets.

Long Title: EMPIRICAL MICROECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Prerequisite(s): ECON 508

Description: Overview of methods used in empirical microeconomic research. Examples are drawn from health economics, law and economics, and business economics. Emphasis is placed on designing econometric and statistical analyses to test economic hypotheses. Class projects will expand on analyses from previously published studies.

Long Title: INTERNATIONAL MACROECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 5

Description: Effects of fiscal and monetary policies on exchange rates and the current account and balance of payments. Includes exchange market efficiency, exchange rates and prices, LDC debt, and policy coordination.

Long Title: ECONOMIC GROWTH AND DEVELOPMENT

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description: Analysis of theory and policy questions relating to the level and rate of economic development.

Long Title: PUBLIC ECONOMICS: EXPENDITURE POLICY

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description: Theory of public goods and externalities, political mechanisms and public choice, theory of local public goods, cost-benefit analysis and project evaluation issues of income redistribution.

Long Title: PUBLIC ECONOMICS: TAX POLICY

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description: Study of the effects of taxation on individual and firm behavior, general equilibrium tax incidence analysis, optimal taxation theory, optimal implementation of tax reform, analysis of comprehensive income, and consumption taxes.

Long Title: DYNAMIC OPTIMIZATION

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description: Study of dynamic optimization in discrete and continuous time, including numerical methods and applications to macroeconomics, finance and resource and energy economics.

Long Title: ADVANCED TOPICS IN ENERGY ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Prerequisite(s): (ECON 301 OR ECON 370) AND (ECON 309 OR ECON 446 OR ECON 409 OR ECON 400) AND ECON 437

Description: A detailed development and analysis of topics in energy modeling. Topics include optimal extraction of depletable resources, models of storable energy commodities, energy demand by end-use sector, models of non-competitive behavior, energy security and the relationship between energy and commodity prices. ECON 547 requires an additional assignment in addition to the assignments of ECON 447. Graduate/Undergraduate Equivalency: ECON 447. Recommended Prerequisite(s): ECON 477 or ECON 401. Mutually Exclusive: Cannot register for ECON 547 if student has credit for ECON 447.

Long Title: HEALTH ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 5

Description: Study of economic aspects of health. Includes production, cost, demand and supply factors; methods of payment and effects of regulation.

Long Title: TOPICS IN ECONOMIC THEORY I

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description: Discussion of topics in advanced economic theory. Repeatable for Credit.

Long Title: TOPICS IN ECONOMIC THEORY II

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 5

Description: Discussion topics in advanced economic theory. Repeatable for Credit.

Long Title: TOPICS IN ECONOMETRICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Prerequisite(s): ECON 511

Description: Discussion of selected topics in advanced econometrics. Repeatable for Credit.

Long Title: TOPICS IN POLICY AND APPLIED ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description: Discussion of selected topics and applied economics. Repeatable for Credit.

Long Title: WORKSHOP IN MICROECONOMICS

Department: Economics

Grade Mode: Satisfactory/Unsatisfactory

Course Type: Seminar

Credit Hours: 5

Description: Seminars on advanced topics in macroeconomics, microeconomics, econometrics and applied microeconomic theory, presented through guest lectures by leading researchers. Repeatable for Credit.

Long Title: WORKSHOP IN ECONOMICS I

Department: Economics

Grade Mode: Satisfactory/Unsatisfactory

Course Type: Seminar

Credit Hours: 5

Description: Continuation of ECON 593. Repeatable for Credit.

Long Title: WORKSHOP IN ECONOMICS II

Department: Economics

Grade Mode: Satisfactory/Unsatisfactory

Course Type: Lecture

Credit Hours: 5

Description: This is the second year continuation of ECON 593-594. Repeatable for Credit.

Long Title: READINGS IN ADVANCED TOPICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description:  Repeatable for Credit.

Long Title: READINGS IN ADVANCED TOPICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Description:  Repeatable for Credit.

Long Title: GRADUATE RESEARCH

Department: Economics

Grade Mode: Satisfactory/Unsatisfactory

Course Type: Research

Credit Hours: 1 TO 12

Description:  Repeatable for Credit.