Credits: Hours Variable

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.

College: School of Social Sciences

Department: Economics

Credits: Hours Variable

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.

College: School of Social Sciences

Department: Economics

Credits: 3

Economics 120 is a course primarily for students who do not plan to major in economics, but are interested in learning some fundamental economic concepts and applying these concepts to some contemporary problems such as trade policy, health economics, poverty and welfare, race and discrimination. Economics 120 is not a substitute for Economics 211, but is open to economics majors who are interested in policy but does not count toward an economics major.

College: School of Social Sciences

Department: Economics

Credits: 3

Introduction to the nature of economics. Includes price systems, household decisions, cost and supply, marginal productivity and capital theory, industrial organization and control, economic efficiency, externalities, and public goods. Required for economics and mathematical economic analysis majors. Students (both majors and non-majors) enrolled at Rice who wish to transfer this course from another institution must pass a departmental qualifying examination.

College: School of Social Sciences

Department: Economics

Credits: 3

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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211

Credits: 3

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 211) is desirable, but not essential. No prior knowledge of game theory is assumed.

College: School of Social Sciences

Department: Economics

Credits: 3

An introduction to the analysis, design, and management of organizations with an emphasis on incentives and information. Principles from economics, political science, and game theory will be applied to problems in project and team management, in organizational computing, and in allocating and pricing shared facilities. Cross-list: POLI 348.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211

Credits: 3

Study 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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211

Credits: 3

Intermediate level analysis of markets, firms, households, income distribution, and general equilibrium. Required for economics and mathematical economic analysis majors.

College: School of Social Sciences

Department: Economics

Pre-requisities: (ECON 211 AND MATH 101) OR (ECON 211 AND MATH 111 AND MATH 112)

Credits: 3

Micro-foundations of macroeconomic theory. Required for economics and mathematical economic analysis majors.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370

Credits: 3

Study of probability theory and the central concepts and methods of statistics with applications to economics, marketing, and finance. Required for mathematical economic analysis majors; may substitute STAT 410 or 431. Cross-list: STAT 310.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211 AND MATH 102

Credits: 3

Survey of estimation and forecasting models. Includes multiple regression time series analysis. A good understanding of linear algebra is highly desirable. Required for mathematical economic analysis majors. Cross-list: STAT 400.

College: School of Social Sciences

Department: Economics

Pre-requisities: (ECON 382 OR STAT 310) OR (STAT 331 AND MATH 211) OR (MATH 355 OR MATH 354) OR CAAM 335 or permission of instructor

Credits: 3

Independent research project for seniors on an approved topic of their choice.

Instructor permission required

College: School of Social Sciences

Department: Economics

Must be enrolled in one of the following Class(es):

Senior

Credits: 3

Independent research project for seniors on an approved topic of their choice.

Instructor permission required

College: School of Social Sciences

Department: Economics

Must be enrolled in one of the following Class(es):

Senior

Credits: 3

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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370 AND MATH 101

Credits: 3

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

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211 AND ECON 370

Credits: 3

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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370 AND ECON 375

Credits: 3

Study of market structure, concentration, barriers to entry, and oligopoly pricing. Includes the application of micro theory to industry problems.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370

Credits: 3

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

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370

Credits: 3

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. Crosslisted with ENST 437.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370 AND ECON 375

Credits: 3

Exploration of the area of the law most applicable to business using economic tools.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211

Credits: 3

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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370

Credits: 3

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, application to signaling; cooperative games: the coalitional form, coalition formation and core stability, applications to exchange and bilateral Groves mechanisms. Recommended prerequisite(s): Familiarity with mathematical arguments and probability theory.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370

Credits: 3

Application of economics to decision making within the firm. Includes organization theory and problems of control. A student may not receive credit for this course and ECON 348/POLI 348.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370

Credits: 3

Applied econometrics methods; focus will be on the application of econometrics and complementary measurement methodologies to modeling, forecasting, and hypothesis testing. Applications will include firm decision-making, testing for discrimination in the workplace, competition policy, portfolio management, and macroeconomic forecasting. Some knowledge of calculus is required.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 382

Credits: 3

A more detailed development and analysis of topics in energy modeling. Topics include optimal extraction of depletable resources with uncertainty, energy demand by commodity and end-use sector, and the relationship between energy commodity prices. Graduate/Undergraduate Equivalency: ECON 547. Recommended Pre-requisite: ECON 477

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 437 AND (ECON 400 OR ECON 446)

Credits: 3

Study of financial theory and its application to practical problems in corporations. Covers the valuation of stocks and bonds, investment decisions, financing decisions, corporate control and the interaction between investment and financing decisions.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370 AND (STAT 280 OR STAT 310) AND (ACCO 305 OR BUSI 305) or permission of instructor

Credits: 3

This course covers the use of financial securities and derivatives to take or hedge financial risk positions. Most commonly used instruments, from simple forwards and futures to exotic options and swaptions are covered. The pricing of derivative securities will also be studied, but the emphasis will be on the mechanics and uses of financial engineering methods. Graduate/Undergraduate Equivalency: ECON 524.

College: School of Social Sciences

Department: Economics

Pre-requisities: MATH 221 AND MATH 222 AND STAT 310 OR ECON 382 OR ECON 400

Credits: 3

Examines past and future development in advanced and poor countries, emphasizing resources, population, entrepreneurship, education, and planning.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211 or permission of instructor

Credits: 3

Examination of economic and political development, as well as, current policy, in contemporary Latin America. Includes a comparative analysis of selected countries, with emphasis on the interaction between public policies and economic outcomes.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211

Credits: 3

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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211

Credits: 3

Micro-foundation of monetary, fiscal and financial theory.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370 AND ECON 355

Credits: 3

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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211

Credits: 3

This course acquaints students with constrained optimization techniques and other advanced tools used in modern economic theory including multivariate analysis, basic linear algebra, topology, convexity, fixed point theorems, separation and dynamic optimization. The course concentrates on individual optimization. Two person zero sum games are discussed including their connection to duality in linear programming.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211 AND MATH 212 OR MATH 221 AND CAAM 335 OR MATH 355

Credits: 3

Economists and policy makers often use computable general equilibrium (CGE) models to analyze the economic effects of public policy reforms. This course examines 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. Preprequisite: ECON 370.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370

Credits: 3

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. Crosslisted: ENST 480. Prerequisite: Economics 370 or permission of instructor. Cross-list: ENST 480.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370 or permission of instructor

Credits: 3

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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370 AND ECON 382 OR STAT 310 OR ECON 400 OR STAT 280 OR STAT 305 OR STAT 385

Credits: 3

The course examines efficiency, fairness, and incentive- compatibility in problems involving trade and production. Topics include: equality, competitive trade; the No Envy test; Stand Alone test; the Shapley value; theories of the social contract such as utilitarianism and egalitarianism; including impossibility results of Arrow and Gibbard- Satterthwaite.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370 or permission of instructor

Credits: 3

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, 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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 370 or permission of instructor

Credits: 3

Public goods theory including non-rival and congestible public facilities, theory of local public goods including the economics of education. The problem of preference revelation and the fundamentals of benefit-cost analysis. Analysis of the effects of social security, old age retirement, and the role of government in financing healthcare - Medicare and Medicaid.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 211

Credits: 3

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

College: School of Social Sciences

Department: Economics

Credits: 3

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

College: School of Social Sciences

Department: Economics

Credits: 3

Comprehensive analysis of economic issues related to a specific topic. Content will vary year to year.

College: School of Social Sciences

Department: Economics

Credits: 3

Comprehensive analysis of economic issues related to a specific topic. Content will vary year to year.

College: School of Social Sciences

Department: Economics

Credits: 5

Theory of the firm, the theory of consumer behavior, and partial equilibrium analysis.

College: School of Social Sciences

Department: Economics

Credits: 5

Macroeconomic theory of output, consumption, investment, interest rates, inflation and employment.

College: School of Social Sciences

Department: Economics

Credits: 3

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

College: School of Social Sciences

Department: Economics

Credits: 5

More detailed discussion of selective Macroeconomic and Monetary topics.

College: School of Social Sciences

Department: Economics

Credits: 5

Discussion of selected topics of current interest.

College: School of Social Sciences

Department: Economics

Credits: 5

Theory of household, firm; activity analysis; set theory, matrix algebra, vector calculus, metric spaces, separation theory, constrained optimization.

College: School of Social Sciences

Department: Economics

Credits: 5

Set theoretic approach to general equilibrium; aggregate linear and nonlinear production models; existence, stability, optimality.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 501

Credits: 5

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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 508

Credits: 3

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.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 504

Credits: 3

Topics in linear and nonlinear simultaneous equations estimation, including qualitative and categorical dependent variables models and duration analysis. Applied exercises use SAS and the Wharton Quarterly Econometric Model. Cross-list: STAT 611.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 510

Credits: 5

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

College: School of Social Sciences

Department: Economics

Credits: 5

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.

College: School of Social Sciences

Department: Economics

Credits: 5

Exploration of the economics of the labor market and the economic implications of trade unions, with emphasis on major public policy issues.

College: School of Social Sciences

Department: Economics

Credits: 5

Overview of methods used in empirical microeconomics research with special emphasis on health and legal topics.

College: School of Social Sciences

Department: Economics

Credits: 5

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.

College: School of Social Sciences

Department: Economics

Credits: 5

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

College: School of Social Sciences

Department: Economics

Credits: 5

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.

College: School of Social Sciences

Department: Economics

Credits: 5

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.

College: School of Social Sciences

Department: Economics

Credits: 5

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

College: School of Social Sciences

Department: Economics

Credits: 5

Financial engineers design and analyze products that improve the efficiency of markets and create mechanisms for reducing risk. This course introduces the basics of financial engineering: the notions of arbitrage and risk-neutral probability measure are developed in the case of discrete models; Black-Scholes theory is introduced in continuous-time models, and interest rate derivatives and the term structure of interest rates are discussed. Stochastic processes, Ito calculus and diffusion models are used as basic analytical tools. Statistical methodologies to estimate and test the models commonly used in finance and financial engineering are also introduced. Graduate/Undergraduate Equivalency: ECON 449.

College: School of Social Sciences

Department: Economics

Credits: 5

A more detailed development and analysis of topics in energy modeling. Topics include optimal extraction of depletable resources with uncertainty, energy demand by commodity and end-use sector, and the relationship between energy commodity prices. Graduate/Undergraduate Equivalency: ECON 447. Recommended Pre-requisite: ECON 477

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 437 AND (ECON 400 OR ECON 446)

Credits: 5

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

College: School of Social Sciences

Department: Economics

Credits: 5

Discussion of topics in advanced economic theory.

College: School of Social Sciences

Department: Economics

Credits: 5

Discussion topics in advanced economic theory.

College: School of Social Sciences

Department: Economics

Credits: 5

Discussion of selected topics in advanced econometrics.

College: School of Social Sciences

Department: Economics

Pre-requisities: ECON 511

Credits: 5

Discussion of selected topics and applied economics.

College: School of Social Sciences

Department: Economics

Credits: 5

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

College: School of Social Sciences

Department: Economics

Must be enrolled in one of the following Class(es):

Graduate

Credits: 5

Continuation of ECON 593.

College: School of Social Sciences

Department: Economics

Credits: 5

This is the second year continuation of ECON 593-594.

College: School of Social Sciences

Department: Economics

Credits: 5

College: School of Social Sciences

Department: Economics

Credits: 5

College: School of Social Sciences

Department: Economics

Credits: Hours Variable

College: School of Social Sciences

Department: Economics