Courses

Economics

0501-Microeconomic Analysis

Microeconomic theory for graduate students with little or no preparation in economics. Detailed analysis of the behavior of households and firms in a variety of market settings.

0503-Managerial Economics

Applications of economic theory to planning and decision making in the firm. Designed primarily for, but not limited to, Ph.D. in Business Administration students. Not to be taken in addition to Econ 503.

Prerequisite: Econ. 500, or 501, or permission of the instructor

0506-Macroeconomic Analysis

Macroeconomic theory for graduate students with little or no preparation in economics. A survey of theories and evidence bearing on growth and cycles in output, employment, interest rates, and prices. The course includes sector details and considers the scope for control of cycles.

0509-Monetary Theory and Policy

Studies of modern monetary theories and their implications for economic policy. Review of both central banking philosophy and practices and relationships between monetary and fiscal policy.

Prerequisite: Econ. 506, Fin. 404, or permission of the instructor

0510-Mathematics for Economists I.

An overview of elementary calculus, linear algebra, and the theory of Lagrange multipliers for graduate students in economics and related fields.

0515-Survey of Econometric Models

Exploration of the uses of econometric models in business, governmental, and regional settings. Selected exercises are performed using prototype models to explore an array of data, design, and estimation problems.

Prerequisite: Stat. 401 and 402, or the equivalent, or permission of the instructor

0530-Development of Less Developed Economies

Examination of development efforts of less developed economies. Selected domestic and international issues, policies, and problems will be analyzed.

Prerequisite: Econ. 501 and 506, or their equivalent, or permission of the instructor

0549-Economics of International Business

Provides a framework for analyzing international aspects of a globally oriented firm. Investigates determinants of international trade, investment, and multinational production, and evaluates the nature and consequences of economic unions, tariffs, and other policies. Multinational firms and various strategies of economic development are discussed. Course open to M.B.A. students.

Prerequisite: Econ. 403 or the equivalent

0550-Survey of International Economics

A survey of the determinants of international trade, the nature and consequences of tariffs and other commercial policies, multinational production, the nature of exchange rate movements, and the role of the components of the balance of payments. Course open to M.B.A. students.

Prerequisite: Econ. 403 or the equivalent

0556-Internet Economics and Business Strategies

In the internet economy information goods, extremely low transaction costs, and increasing return to scale are changing the ways people, firms and governments produce, trade and interact. Many of the traditional economic theories and rules do not apply. The course will provide the theoretical underpinning for understanding the internet economy: Students will learn about the nature of information goods, and about pricing strategies when excludability is difficult and rivalry in production or consumption is weak or non -existing. In addition, students will learn about the nature of auction and competition in the new economic environment.

Prerequisite: MIS 501

0560-Economics of the Public Sector

Analysis of the public sector of the economy, with special reference to the scope of public services, effects of taxation upon resource allocation and income distribution, and the impact of welfare economics on public expenditure policies.

Prerequisite: Econ. 501, or the equivalent, or permission of the instructor

0570-Labor Economics

Provides a theoretical framework for analyzing the operation of the labor market. The role of the labor market in the determination of employment, wages, prices, and production is central to this analysis. Labor supply, labor demand, human capital, labor unions, migration, and discrimination are among the topics discussed. Particular attention is paid to the role of public policy and to the design of theoretical and empirical models.

Prerequisite: Econ. 403, or 500, or the equivalent, or permission of the instructor

0580-Regulation and Antitrust Policy

Analysis of the impact of regulatory processes, including antitrust, upon industry. Special emphasis will be given to public policy toward monopoly, resource utilization, and pricing processes.

Prerequisite: Econ. 403, or 500, or the equivalent, or permission of the instructor

0594-Special Topics-Economics

0598-Independent Study

Supervised individual reading and research projects for master's and PhD students. Depending on the type of project, work experience or practical training may be required. No more than six semester hours of independent study may be counted toward degree requirements.

Prerequisite: approval of the department.

0599-Independent Study

Prerequisite: approval of the department.

0601-Microeconomic Theory I.

Demand analysis; the theory of the firm; the theory of markets; theories of wages, rent, interest, and profits.

Prerequisite: Econ. 501 and 510

0602-Microeconomic Theory II.

Topics covered include general equilibrium analysis, game theory, introduction to public choice and welfare economics, and imperfect information analysis.

Prerequisite: Econ. 601 and 610.

0606-Macroeconomic Theory I.

Macroeconomic concepts relating to the determination of output, employment, and price level.

Prerequisite: Econ. 506 and 510 and Stat. 501

0607-Macroeconomic Theory II.

Presentation of advanced topics in macroeconomics and empirical testing of national income components, mainly in a dynamic setting.

Prerequisite: Econ. 606, 610, and 615

0610-Mathematics for Economists II.

Mathematical techniques and theorems are presented and used in economic applications. Proofs are presented in formal mathematical language to introduce the students to the vernacular of current economics research papers. Topics covered include advanced topics in linear algebra, the implicit function theorem in multivariate calculus and its application to comparative statics, the Karush-Kuhn-Tucker theorem and applications to linear and nonlinear optimization theory, and differential and difference equations with elements of stability analysis.

Prerequisite: Econ. 510, or at least one semester of linear algebra and two semesters of calculus

0611-Mathematical Economics

Mathematical techniques and theorems of current importance in economic theory, with applications. Topics range over game theory, social choice, general equilibrium analysis, and dynamic economics; the course concentrates on one of these topics, as warranted by developments in contemporary economic theory.

Prerequisite: Econ. 601, 606, and 610, or permission of the instructor

0615-Econometrics I.

This course is the first in a two-semester sequence. The materials begin with the classical linear regression model, including hypothesis testing. Such traditional topics as multicollinearity, heteroscedasticity, and autocorrelation are included. Problems of pooled data and simultaneous equations are also considered.

Prerequisite: Stat. 550

0616-Econometrics II.

This is the second in a two-semester sequence of courses. The topics include nonlinear regression, the analysis of economic time series, and models with discrete or limited dependent variables.

Prerequisite: Econ. 615

0630-Theory of Economic Development

The major part is an introduction to applied theory of economic growth. The role of human capital, investment, and natural resources is analyzed. Issues of sectoral development, policies of the public sector, finance, and international trade are discussed. Practical projects of economic growth and case studies are stressed.

Prerequisite: Econ. 510, 601, and 606, or the equivalent

0650-International Trade: Theory and Policy

An intensive study of pure theory of international trade, welfare impacts of international trade, the theory and practice of commercial policy, and international factor movements. Special topics include the transfer problem, trade under uncertainty, and the relation between trade, growth, and development.

Prerequisite: Econ. 602, 610, and 615

0651-International Monetary Economics

An intensive study of balance of payments and disequilibria and adjustments, and exchange rates determination and policy. Current research topics including macroeconomic coordination, central bank policy, international capital flows, foreign exchange market efficiency, and the international monetary system are covered.

Prerequisite: Econ. 607, 610, and 615

0670-Advanced Labor Economics

Examines the microeconomic foundations of macroeconomic phenomena in the labor market. Questions surrounding the nature of employment and its causes are explored. In addition to the topics covered in Econ. 570, this course will include: economic models of unions, contracting and agency models, efficiency wages, insider-outsider models, implicit contracts and job search. Specific articles in these areas will form the basis of the material covered. Particular attention is paid to the mathematics behind many of the theoretical models covered in the course.

Prerequisite: Econ. 570, 601, and 615

0680-Theory of Industrial Organization

Microeconomic analysis of the relationship between structure of industries and markets and the conduct and performance of business enterprise. Emphasis on the modern theory of oligopoly including dynamic pricing, contestable markets, and game theory. Specific dimensions of firm conduct include pricing, product differentiation, mergers, and research and development.

Prerequisite: Econ. 601

0701-Topics in Micro Theory

Develops the student's ability to apply current microeconomic theory to the analysis of economic problems.

Prerequisite: Econ. 602

0799-Master of Arts Thesis Research

Designed for students who finished all course work and passed the theory prelims. The course requires the student to participate in a research seminar, present the preliminary results of the proposal preparation, and comment on other students' papers.