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Courses Archive 2003 - 2005

Economics (ECON)
Except for 1001, all introductory economics courses (1004, 1101, 1102, 1103, 1901, 1902) require knowledge of elementary algebra. For prerequisite purposes, 1901 and 1902 are equivalent to 1101 and 1102 respectively. CLA and CST students may substitute Economics 1001, 1004, or 1103 for Economics 1101 in meeting the requirements for the economics major.

0403. Economic Analysis (3 s.h)

Microeconomics and macroeconomics for graduate students with limited preparation in economics. Topics include the market-system, supply and demand, costs, perfect competition, monopoly, national income accounting, inflation, unemployment, monetary and fiscal policy, and international trade.

0500. Managerial Economics (3 s.h)

Examines the applications 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.

0501. Economic Decision Making in the Firm (3 s.h)

Prerequisite: Economics 0403 or economics 0500 (2005 version)

Application of economics to planning and decision making in the firm. Topics include demand analysis and measurement, production efficiency, cost analysis, and market structures.

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.

0502. Microeconomic Analysis (3 s.h)

Prerequisite: Economics 403 or Economics 500 (2005 version)

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

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

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.

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

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

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.

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

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

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.

0530. Development of Less Developed Economies

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

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

0549. Economics of International Business

Prerequisite: Econ. 403 or the equivalent

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.

0550. Survey of International Economics

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.

0556. Internet Economics and Business Strategies

Prerequisite: MIS 501

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.

0560. Economics of the Public Sector

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.

0570. Labor Economics

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.

0580. Regulation and Antitrust Policy

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.

0594. Special Topics-Economics


0598. Independent Study

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 practical training may be required. No more than six semester hours of independent study may be counted toward degree requirements.

0599. Independent Study

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 practical training may be required. No more than six semester hours of independent study may be counted toward degree requirements.

0601. Microeconomic Theory I.

Prerequisite: Econ. 501 and 510

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

0602. Microeconomic Theory II.

Prerequisite: Econ. 601 and 610.

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

0606. Macroeconomic Theory I.

Prerequisite: Econ. 506 and 510 and Stat. 501

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

0607. Macroeconomic Theory II.

Prerequisite: Econ. 606, 610, and 615

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

0610. Mathematics for Economists II.

Prerequisite: 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.

0611. Mathematical Economics

Prerequisite: 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.

0615. Econometrics I.

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.

0616. Econometrics II.

Prerequisite: 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.

0630. Theory of Economic Development

Prerequisite: 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.

0650. International Trade: Theory and Policy

Prerequisite: 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.

0651. International Monetary Economics

Prerequisite: 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.

0670. Advanced Labor Economics

Prerequisite: Econ. 570, 601, and 615

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.

0680. Theory of Industrial Organization

Prerequisite: Econ. 601

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.

0701. Topics in Micro Theory

Prerequisite: Econ. 602

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

0799. Master of Arts Thesis Research

Prerequisite: approval of the department

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.

0800. Applied Economics

Seminars in particular economics fields are offered as needed.

0801. Economics Seminar

Seminars in particular economics fields are offered as needed.

0802. Economics Seminar

Seminars in particular economics fields are offered as needed.

0803. Economics Seminar

Seminars in particular economics fields are offered as needed.

0804. Economics Seminar

Seminars in particular economics fields are offered as needed.

0896. Independent Study

Prerequisite: approval of the department

Supervised individual reading and research projects for doctoral 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.

0897. Independent Study

Prerequisite: approval of the department

Supervised individual reading and research projects for doctoral 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.

0899. Doctoral Thesis Research

Prerequisite: approval of the department

Designed for students who passed both theory prelims and field qualifying exams. The course requires the student to participate in a research seminar, present a completed dissertation proposal, and comment on other students' papers.

0999. Doctoral Thesis Research

Prerequisite: approval of the department

Designed for students who have an accepted dissertation proposal. The course requires the student to participate in a research seminar, present the preliminary results and completed chapters of the dissertation, and comment on other students' papers.