Course Schedule and Catalog

Long Title: INTRODUCTION TO MICROECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Description: Introduction to microeconomic analysis at a level suitable for non-majors. Applies only for transfer credit and requires departmental approval. Cannot be counted towards the ECON or MTEC majors. NOTE: Student may not receive credit for ECON 101 and ECON 111. Students may not receive credit for ECON 101 if credit for ECON 100/201 has already been awarded. Mutually Exclusive: Cannot register for ECON 101 if student has credit for ECON 111.

Long Title: INTRODUCTION TO MACROECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Description: Introduction to macroeconomic analysis a level suitable for non-majors. May be taken via transfer credit with departmental approval. Cannot be counted towards the ECON or MTEC majors. NOTE: student may not receive credit for ECON 112 and ECON 103. Students may not receive credit for ECON 103 if credit for ECON 303 has already been awarded. Mutually Exclusive: Cannot register for ECON 103 if student has credit for ECON 112/ECON 113.

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. Mutually Exclusive: Cannot register for ECON 111 if student has credit for ECON 101.

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. Mutually Exclusive: Cannot register for ECON 112 if student has credit for ECON 103/ECON 113.

Long Title: AP/OTH CREDIT IN MACROECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Transfer

Credit Hours: 1 TO 6

Description: Provides transfer credit based on student performance on approved examinations in macroeconomics, such as the Advanced Placement macroeconomics exam or the International Baccalaureate Higher-level economics exams, or for an approved introductory macroeconomics course. Approved credit counts toward total credit hours required for graduation, but does not count for distribution or toward the ECON or MTEC majors. Mutually Exclusive: Cannot register for ECON 113 if student has credit for ECON 103/ECON 112.

Long Title: MICROECONOMICS I

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): MATH 101 OR (MATH 111 AND MATH 112)

Description: 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: Game theory analyses situations involving conflict and/or cooperation, secrecy and randomization, commitment tactics and coordination issues. Concepts such as dominated strategies, Nash equilibrium, Pareto optimality, backward induction are defined and illustrated in parlor games and simple models from economics, politics, and other social sciences. A taste for rigorous logical analysis is essential.

Long Title: BUSINESS, LAW AND 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: 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: 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: 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: 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: 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: Probability and the central concepts and methods of statistics including probability, distributions of random variables, expectation, sampling distributions, estimation, confidence intervals, and hypothesis testing. Cross-list: STAT 310. Recommended Prerequisite(s): MATH 212.

Long Title: APPLIED ECONOMETRICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 3

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

Description: Applied econometrics methods; focus will be on the application of econometrics to modeling, forecasting, and hypothesis testing. A computer lab 1 day a week will focus on empirical implementation of econometric methods. STATA will be used in the computer exercises. Some knowledge of calculus is required.

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 OR ECON 307 OR STAT 310) 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. BUSI 343 amd ECON 343 are Mutually Exclusive, therefore students may not received credit for both courses. Recommended Prerequisite(s): ECON 200 or ECON 301 or ECON 370. Mutually Exclusive: Cannot register for ECON 343 if student has credit for BUSI 343.

Long Title: ORGANIZATIONAL DESIGN

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): (ECON 201 OR ECON 211) AND (ECON 301 OR ECON 370)

Description: 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.

Long Title: FINANCIAL MARKETS

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 101 OR (MATH 111 OR MATH 112)

Description: 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.

Long Title: INDEPENDENT RESEARCH

Department: Economics

Grade Mode: Standard Letter

Course Type: Research

Credit Hours: 3

Prerequisite(s): ECON 201 AND ECON 301 AND ECON 303 AND (ECON 309 OR ECON 409) AND (STAT 280 OR STAT 310) AND MATH 101 OR (MATH 111 AND MATH 112)

Description: Independent research project on an approved topic. Written work must adhere to the citation standards described in the Honor System Handbook. (See the section entitled "Acknowledgment of Sources" and the examples of plagiarism contained therein.) Please refer to the departmental website for additional details. Students must have an average grade of B or higher in the prerequisite courses. Individual advisors may require additional pre-requisites. Not offered during summer. Department permission required. 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: 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: GAME THEORY AND ECONOMIC BEHAVIOR

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 205

Description: 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) AND ECON 401

Description: 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: ADVANCED ECONOMETRIC TECHNIQUES AND APPLICATIONS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

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

Description: The course introduces students to advanced econometrics, with an emphasis on methods used in microeconomic applications. The methods covered in class are used in the estimation of the demand for goods and service, production functions, and for analysis of the impact of social programs.

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: POLITICAL ECONOMY

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 301

Description: Political Economy regards income redistribution, taxation, the production of public goods, and other actions of the public sector as determined by a political process simultaneously with the economic process of exchange and productions. This course investigates the connection between public policies and the political forces that shape them.

Long Title: INDUSTRIAL ORGANIZATION

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: 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 OR STAT 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: PRINCIPLES OF FINANCIAL ENGINEERING

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): MATH 211 AND MATH 212 AND (ECON 400 OR STAT 400 OR ECON 409) AND (ECON 307 OR STAT 310)

Description: 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. ECON 449 is Mutually Exclusive to STAT 449. Credit cannot be given for both. Mutually Exclusive: Cannot register for ECON 449 if student has credit for STAT 449.

Long Title: WORLD ECONOMIC AND SOCIAL DEVELOPMENT

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

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: RELIGION, ETHICS, AND ECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

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

Description: Review economic models of the demand supply, and markets for religion, including the effects of economic conditions on religious choice and vice versa. Students will write term paper on topics of their choosing, subject to professor's approval. Recommended Prerequisite(s): ECON 309 or ECON 409.

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 OR ECON 370

Description: Course focus on role of taxation, finance and international trade, foreign investment and foriegn 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: ECONOMICS OF HUMAN CAPITAL

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301 AND MATH 101 AND ECON 309

Description: Course covers both micro and macro aspects of human capital. We will study investments by parents in the education and other human capital of their children and how it links to the intergenerational transmission of inequality. The relation between human capital, population change, and economic growth is also emphasized. The course is quantitative and students will be required to understand and apply econometric technique.

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: SOCIAL WELFARE AND DISTRIBUTIVE JUSTICE

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Microeconomic models of collective utility and social welfare orderings, utilitarianism, equalitarianism, and other social contract theories. The impossibility results of Arrow and Gibbard-Satterthwaite. Fair distribution and production of resource: the No Envy and Stand Alone tests. Axiomatic bargaining theory: Nash and other compromises, solutions of cooperative games: the Shapley value.

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: Seminar

Credit Hours: 3

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

Long Title: MICROECONOMIC THEORY I

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture/Laboratory

Credit Hours: 5

Description: Consumer theory including choice under certainty, producer theory, partial and general 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

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 AND ECON 507

Description: Game theory, imperfect competition, information economics, voting and social choice, mechanism design.

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

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: EMPIRICAL INDUSTRIAL ORGANIZATION

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Prerequisite(s): ECON 508 AND ECON 510

Description: This field course aims to expose students to recent developments in the empirical structural analysis of data in industrial organization.

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 OR STAT 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 MACROECONOMICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Seminar

Credit Hours: 5

Description: Discussion topics in macroeconomics. Repeatable for Credit.

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: Seminar

Credit Hours: 5

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

Long Title: RESEARCH SEMINAR

Department: Economics

Grade Mode: Satisfactory/Unsatisfactory

Course Type: Seminar

Credit Hours: 3

Description: Research presentations by graduate students. Students are expected to attend class when not presenting their work. Repeatable for Credit.

Long Title: READINGS IN ADVANCED TOPICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Independent Study

Credit Hours: 5

Description:  Repeatable for Credit.

Long Title: READINGS IN ADVANCED TOPICS

Department: Economics

Grade Mode: Standard Letter

Course Type: Independent Study

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.