Courses
Economics
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.
Note: Renumbered from Econ 500 to Econ 501 as of Fall 2005 -Pending approval
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 (3 s.h.)
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 (3 s.h.)
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 (3 s.h.)
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 (3 s.h.)
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 (3 s.h.)
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 (3 s.h.)
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 (3 s.h.)
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.
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.