# Courses

#### Economics

##### 5001. Managerial Economics (3 s.h.)

Examines the applications of economic theory to problems confronting managers including pricing under different market structures, cost and technology, strategic decision making, theory of demand, and the economics of less than perfect information.

##### 5182. Independent Study (1-6 s.h.)

Prerequisite: approval of the department.

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

**5190. Special Topics-Economics (3 s.h.) **

A one semester course on a topics in particular economics fields.

**5801. Economic Envronment of the Enterprise **

Your proficiency and confidence in solving real-world business problems will increase as you develop a deeper understanding of micro- and macroeconomic issues. In this course, you'll examine foundations of the economic behavior of enterprises and consumers in different market environments, such as open market, monopoly and oligopoly. You'll also analyze the impact of government fiscal, monetary and trade policies on business decisions and on economic measures such as GNP, employment, interest rates and exchange rates.

##### 5801. The Economic Environment of the Enterprise (3 s.h.)

The examination of the foundations of the economic behavior of enterprises and consumers in different market environments, such as open market, monopoly and oligopoly. The analysis of the impact of government fiscal, monetary and trade policies on business decisions and on economic indicators.

##### 8001. Microeconomic Analysis.(3 s.h.)

Microeconomic theory for graduate students with little preparation in economics. Detailed analysis of the behavior of households and firms in a variety of market settings.

##### 8002. Macroeconomic Analysis (3 s.h.)

Macroeconomic theory for graduate students with little 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.

##### 8003. Mathematics for Economists I (3 s.h.)

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

##### 8005. Microeconomic Theory I (3 s.h.)

Prerequisite: Econ. 8001 and 8003.

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

##### 8007. Macroeconomic Theory I (3 s.h.)

Prerequisite: Econ. 8002 and 8003 and Stat. 8001.

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

##### 8009. Econometrics I (3 s.h.)

Prerequisite: Stat. 550 (not renumbered).

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.

##### 8103. Survey of International Economics (3 s.h.)

Prerequisite: Econ. 5001 or the equivalent.

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.

##### 8104. Labor Economics (3 s.h.)

Prerequisite: Econ. 5001 or the equivalent, or permission of the instructor.

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.

##### 8105. Regulation and Antitrust Policy (3 s.h.)

Prerequisite: Econ. 5001 or the equivalent, or permission of the instructor.

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.

##### 8106. Microeconomic Theory II (3 s.h.)

Prerequisite: Econ. 8005 and 9101.

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

##### 8108. Macroeconomic Theory II (3 s.h.)

Prerequisite: Econ. 8007, 9101, and 8009.

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

##### 8109. Theory of Economic Development (3 s.h.)

Prerequisites: Econ. 8003 and 8007, or the equivalent.

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

##### 8114. Advanced Labor Economics (3 s.h.)

Prerequisites: Econ. 8104, 8005, and 8009.

Examines the microeonomic foundations of macroeconomics 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.

##### 8115. Theory of Industrial Organization (3 s.h.)

Prerequisites: Econ. 8005

Microeconomic analysis of relationship between structure of industries markets, and the conduct and performance of business enterprise. Emphasis on the modem theory of oligopoly including dynamic pricing. contestable markets, and game theory.

Specific dimensions of firm conduct include pricing, product differentiation, merger’s and research and development.

##### 8116. Mathematical Economics (3 s.h.)

Prerequisite: Econ. 8005, 8007, and 9101, or permission of the instructor.

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.

##### 8119. Econometrics II (3 s.h.)

Prerequisite: Econ. 8009.

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.

##### 8121. Development of Less Developed Economies (3 s.h.)

Examination of development efforts of less developed economies. Selected domestic and international issues, policies, institutions and reform.

##### 8122. Economics of the Public Sector (3 s.h.)

Analysis of the economics of the public sector. Topics include theories of public goods and optimal taxation, revenues, public expenditures, and incidence problems.

##### 8123. Economics of Sports (3 s.h.)

Prerequisites: Econ. 8009 and 8114.

The application to professional and amateur sports of theory of industrial organization, anti-trust issues, public finance involving the relationship between cities and franchises, and labor issues of reward systems, unions, and discrimination.

##### 8124. International Trade: Theory and Policy (3 s.h.)

Prerequisites: Econ, 8106, 9101, and 8009.

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.

##### 8125. (0660) Theory of Public Finance

##### 9001. (0603) Foundations in Managerial Economics

##### 9101. Mathematics for Economists II (3 s.h.)

Prerequisite: Econ. 8003, or at least one semester of linear algebra and two semesters of calculus.

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.

##### 9182. Independent Study (1-6 s.h.)

Prerequisites: Approval of the department.

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

##### 9183. Directed Study (3 s.h.)

Designed for doctoral students who need specialization in topics related to their dissertation work.

##### 9994. Field Exam/Dissertation Proposal Research (1-3 s.h.)

Prerequisites: Approval of the department.

Designed for students who have finished the required course work and preparing a master thesis or for prelim and qualifying exams.

##### 9996. (0901) Master of Arts Thesis

##### 9998. Dissertation Proposal Research (1-3 s.h)

Prerequisites: Approval of the department.

Designed for students who have passed the theory prelims and qualifying exams but do not have an accepted proposal. The course may be taken for up to 3 credit hours.

##### 9999. Doctoral Thesis Research (1-6 s.h.)

Prerequisites: Approval of the department.

Designed for students who have an accepted proposal and are in the research/writing stage of the thesis. Students living in the Philadelphia metropolitan area are required to attend the seminar and fulfill its requirements. Those living outside the area are required to fulfill its written requirements each semester and to make at least one presentation of their doctoral research in the seminar or elsewhere during the period they are working on their dissertation.

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Updated 9.2007