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Courses

Economics

5001. Managerial Economics    (3 s.h.)

This course 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 Ph.D. 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.)  

This is a one-semester course on a topic in a particular field of economics.

5501. Survey of International Economics   (3 s.h.)

Prerequisite: ECON 5001 or the equivalent.

This course offers 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 on the balance of payments. The course is open to M.B.A. students.

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


The student's proficiency and confidence in solving real-world business problems increase as a deeper understanding of micro- and macroeconomic issues is developed. This course examines foundations of the economic behavior of enterprises and consumers in different market environments, such as open market, monopoly, and oligopoly. Also analyzed is 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.

8001. Microeconomic Analysis   (3 s.h.)

This course offers microeconomic theory for graduate students with little preparation in economics. It offers detailed analysis of the behavior of households and firms in a variety of market settings.

8002. Macroeconomic Analysis   (3 s.h.)

This course offers macroeconomic theory for graduate students with little preparation in economics. It is 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.)

This course provides 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 ECON 8003.

This course covers demand analysis; the theory of the firm; the theory of markets; and theories of wages, rent, interest, and profits.

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

Prerequisite: ECON 8002, ECON 8003, and STAT 8001.

This course covers 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.

8104. Labor Economics   (3 s.h.)

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

This course 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 instructor.

The focus is on analysis of the impact of regulatory processes, including antitrust, upon industry. Special emphasis is given to public policy toward monopoly, resource utilization, and pricing processes.

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

Prerequisite: ECON 8005 and ECON 9101.

Topics 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, ECON 8009, and ECON 9101.

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

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

Prerequisite: ECON 8003 and ECON 8007 or their equivalents.

The major part is an introduction to applied theory of economic growth. The roles 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.)

Prerequisite: ECON 8005, ECON 8009, and ECON 8104.

This course examines the microeonomic foundations of macroeconomic phenomena in the labor market. Questions surrounding the nature of employment and its causes are explored. This course includes economic models of unions, contracting and agency models, efficiency wages, insider/outsider models, implicit contracts, and job searches. Specific articles in these areas 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.)

Prerequisite: ECON 8005.

The course offers a microeconomic analysis of the relationship between the structure of industry markets and the conduct and performance of business enterprise. Emphasis is on the modem 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.

8116. Mathematical Economics   (3 s.h.)

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

This course covers mathematical techniques and theorems of current importance in economic theory, with applications. Topics include 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 is undertaken. Selected domestic and international issues, policies, institutions, and reform are targeted.

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

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

8123. Economics of Sports   (3 s.h.)

Prerequisite: ECON 8009 and ECON 8114.

This course covers 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.)

Prerequisite: ECON 8009, ECON 8106, and ECON 9101.  

This course offers 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 relations between trade, growth, and development.

8125. Theory of Public Finance
9001. 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 include advanced topics in linear algebra; the implicit function theorem in multivariate calculus and its application to comparative statistics; 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.)

Prerequisite: Approval of the department.

This course entails 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.)

This course is designed for doctoral students who need specialization in topics related to their dissertation work.

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

Prerequisite: Approval of the department.

This course is designed for students who have finished required coursework and are researching a master's thesis or preparing for preliminary and qualifying examinations.

9996. Master of Arts Thesis
9998. Dissertation Proposal Research   (1-3 s.h.)

Prerequisite: Approval of the department.

This course is designed for students who have passed the theory preliminary and qualifying examinations but do not have an accepted proposal. The course may be taken for up to 3 semester hours.

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

Prerequisite: Approval of the department.

This course is 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.

 

Updated 10.17.11