Graduate Bulletin-School of Business and Management

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.

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

Prerequisite: Econ. 403 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.

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

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

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.

570. Labor Economics. (3 s.h.)

Prerequisite: Econ. 403, or 500, 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.

580. Regulation and Antitrust Policy. (3 s.h.)

Prerequisite: Econ. 403, or 500, 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.

598-599. Independent Study. (1-6 s.h.)

Prerequisite: approval of the department.

Supervised individual reading and research projects for master's students. No more than six semester hours of independent study may be counted toward degree requirements.

601. Microeconomic Theory I. (3 s.h.)

Prerequisites: Econ. 501 and 510.

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

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

Prerequisites: Econ. 601 and 610.

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

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

Prerequisites: Econ. 506 and 510 and Stat. 501.

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

607. Macroeconomic Theory II. (3 s.h.)

Prerequisites: Econ. 606, 610, and 615.

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

610. Mathematics for Economists II. (3 s.h.)

Prerequisites: Econ. 510, 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.

611. Mathematical Economics. (3 s.h.)

Prerequisites: Econ. 601, 606, and 610, 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.

615. Econometrics I. (3 s.h.)

Prerequisite: Stat. 550.

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.

616. Econometrics II. (3 s.h.)

Prerequisites: Econ. 615.

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.

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

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

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.

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

Prerequisites: Econ. 602, 610, and 615.

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.

651. International Monetary Economics. (3 s.h.)

Prerequisites: Econ. 607, 610, and 615.

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.

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