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Department of Economics

Economics Courses - short descriptions

A Selected Listing

606 Mathematical Economics II. I or II; 3 cr. Advanced mathematical topics and techniques used in economic analysis. Deterministic and Stochastic Control Theory emphasized. Prerequisite(s): Econ 703 or equiv.

607 Mathematical Economics III. I or II; 3 cr. Advanced mathematical topics and techniques used in economic analysis. Game Theory emphasized. Prerequisite(s): Econ 713.

664 Advanced International Trade. I or II; 3 cr. Policies relating to trade, tariffs, balance of payments, and aid programs, with special emphasis on recent developments and the role played by the United States. Prerequisite(s): Econ 464, or Econ 301 (or 311) and 364, or Consent of Inst.

665 International Trade Policy. II; 4 cr. International trade policies of the United States and other countries are studied in historical, institutional, and analytical terms. Analysis of international agencies established to promote trade expansion, provide rules of good behavior, and settle trading disputes among countries. Prerequisite(s): Econ 464, or Econ 301 (or 311) and 364, or Consent of Inst.

666 Advanced International Finance.I or II; 3 cr. Modern institutions, history, and controversies of international financial relations. Foreign exchange market, the Euro-currency banking system, and central bank intervention in both. Prerequisite(s): Econ 464, or Econ 302 (or 312) and 364, or Consent of Inst.

703 Mathematical Economics I. A survey of mathematical techniques used in economic analysis. Linear algebra and optimization techniques reemphasized. Prerequisite(s): Sr or Grad St in Econ or Ag Econ & One yr of calculus & One sem of Linear algebra or Consent of Inst.

709 & 710 Economic Statistics & Econometrics I & II. Two semester sequence: Probability distributions, nonparametric regression, linear predictors, and statistical inference. Linear & nonlinear regression, econometric models. Prerequisite(s): Econ 703 or Equiv or Con Reg in Econ 703, & a statistical inference course with calculus emphasis.

711 & 713 Economic Theory-Microeconomics Sequence. 3 cr. First course in a two-semester sequence: theories of firms, consumers, and markets; or partial and general equilibria in market and centralized economies; topics in welfare economics. Prerequisite(s): Econ 703 or Equiv or Con Reg in Econ 703 or Consent of Inst.

712 & 714 Economic Theory-Macroeconomics Sequence. 3 cr. First course in a two semester sequence: commodity, money and labor markets, their components and general equilibrium; intertemporal optimization and growth theory. Prerequisite(s): Econ 703 or Equiv or Con Reg in 703, or Consent of Ins.

715 & 716 Econometric Methods. I; 3 cr. Statistical models and methods relevant to estimation and testing of economic relationships. Prerequisite(s): Econ 709­710 or equiv.

717 & 718 Applied Econometrics. I or II; 3 cr. Mathematical formulation and empirical implementation of economic theory. Prerequisite(s): Econ 715; 716.

719 Economic Statistics and Econometrics III. This course focuses on the empirical application of microeconometric methods. Prerequisite(s): Econ 709­710 or Equiv.

735 Monetary and Financial Theory. I; 3 cr. Advanced appraisal of theory and institutions of the financial system, monetary theory, the credit system and financial intermediaries. Prerequisite(s): Econ 714 or Consent of Inst.

736 Macroeconomic Policy. I or II; 3 cr. Theoretical, empirical, and institutional aspects of the use of monetary, fiscal, and income policies to affect inflation, unemployment, and other policy goals. Prerequisite(s): Econ 735 or Consent of Inst.

737 Financial Intermediaries and the Theory of Portfolio Selection. II; 3 cr. Theoretical analysis of portfolio behavior by households, firms, banks, and other financial intermediaries. Examination of financial intermediation emphasizes asset properties and portfolio objectives of various debtors and creditors. Linkages among firms, households, and intermediaries. Prerequisite(s): Econ 711 & 712 or Consent of Inst.

741 Theory of Public Finance and Fiscal Policy. I; 3 cr. Theoretical development of the functions of government in a mixed economy; welfare criteria for efficient government expenditures and taxation; nature of public goods and of redistribution activities of governments. Program budgeting and theoretical issues in cost-benefit analysis. Prerequisite(s): Grad St.

743 Taxation. I or II; 1­3 Theoretic, applied and policy analyses. Prerequisite(s): Econ 741 or Consent of Inst.

744 Public Expenditure and Regulatory Analysis. I or II; 1­3 cr. Theoretical and applied issues in cost-benefit analysis; government control of production through direct provision or through regulation (for example, education, safety, health, and environmental impacts). Prerequisite(s): Econ 741 or Consent of Inst.

745 State, Local and Intergovernmental Economics. I or II; 1­3 cr. Interrelationships of multi-level governments, economics of state and local public services. Prerequisite(s): Econ 741 or Consent of Inst.

746 Economics of Social Insurance. I or II; 1­3 cr. Theoretical and applied analysis of the role of government as an insurer for retirement, disability, poverty, etc. Prerequisite(s): Econ 741 or Consent of Inst.

750 Labor Economics. II; 3 cr. Theoretical and empirical analysis of labor markets, labor mobility, the determination of earnings and employment, and labor supply of the household unit; emphasizes recent research on current issues in public policy. Prerequisite(s): Econ 701 or Consent of Inst.

751 Survey of Institutional Aspects of Labor Economics. I or II; 3 cr. Taught on a modular basis: Labor Theories and Labor History; Union Political Activities; Collective Bargaining and Public Policy. For use in analysis of problems in areas of labor markets, wages and human resources. Prerequisite(s): Grad St.

761 Industrial Organization Theory. 3 cr. A review of theories of the firm, oligopoly, and imperfect competition. Includes applications of economic theory and game theory to agency theory, product diversity, technological change, and strategic behavior by firms--among other problems. Prerequisite(s): Grad St.

762 Empirical Analysis of Industrial Organization and Public Policy. 3 cr. A study of measurement in industrial organization and a survey of empirical tests of hypotheses in the field. The theory and practice of antitrust is also covered. Each student will produce an original piece of research. Prerequisite(s): Econ 761 or Consent of Inst.

805 Advanced Microeconomic Theory I. I or II; 3 cr. Economic behavior under uncertainty; measure of risk, information structure, stock market and asset pricing, insurance theory, asymmetric information and incentive mechanisms. Prerequisite(s): Econ 713 or Consent of Inst.

806 Advanced Microeconomic Theory II. I or II; 3 cr. General equilibrium analysis existence and computation of fixed points and competitive equilibrium, regular economies, core, non-competitive approach to perfect competition and monopolistic competition. Prerequisite(s): Econ 713 or Consent of Inst.

809 Topics in Microeconomic Theory. I or II; 1­3 cr. Topics in microeconomic theory. Subject changes each semester; may be repeated. Prerequisite(s): Econ 711, 713.

836 Advanced Topics in Macroeconomics [Applied Macroeconometric Analysis]. I or II 3 cr. Topics include: foundations and stochastic processes, economic complexity, applications of statistical mechanics to economics, identification problems in econometrics, and decision-theoretic approaches to econometric analysis. Prerequisite(s): Econ 712 and 714 or Consent of Inst.

838 Financial Markets and International Macroeconomics. I,II; 2 cr. Examination of how financial factors affect aggregate economic activity. Particular attention is directed to the implications of the increased integration of world financial markets. Prerequisite(s): Econ 711­714 and Econ 612 or 715 or Consent of Inst.

845 Advanced Topics in Public Finance. (Also Urb R Pl 845.) I or II; 1­4 cr. Advanced public finance problems and literature, research; subject changes each semester; may be repeated. Modules. Prerequisite(s): Econ 713 and 714.

848 Health Economics. (Also Prev. Med 848.) I; 1­3 cr. Health economics issues including demand, supply and pricing, market structure, medical mal-practice, technological change, value of life, role of insurance, and other aspects of uncertainty. Prerequisite(s): Econ 301 or Consent of Inst.

871 Advanced International Economics. II; 3 cr. General equilibrium algebraic and geometric modeling of open economies with balanced trade, and the welfare economics of international exchange and barriers thereto. Prerequisite(s): Grad St.

872 Advanced International Economics. I or II; 3 cr. Algebraic and geometric modeling of open macroeconomics with unbalanced trade and payments, focusing analytically on the foreign exchange market and the determinants of the exchange rate. Prerequisite(s): Consent of Inst or Econ 712.

873 & 874 Seminar-International Economics. 2­3 cr. Individual research and group discussion of selected topics in the theory of international trade. Prerequisite(s): Econ 871 and 872.

877 & 878 Economic Development-Theory Statistics and Policy. 2­3 cr. Theories and issues of economic growth, with special reference to underdeveloped areas; comparative growth experience, statistical measurement; case studies of the objectives and patterns of planning. Prerequisite(s): Consent of Inst or Yr of Econ Dev.

879 Seminar-Economic Development. 2­3 cr. Individual research and group discussion of selected topics. Prerequisite(s): Grad St.

880 Quantitative Economic Policy. Taken concurrently with Econ 710. Individual research on selected topic utilizing econometric tools. Econ 709 and concurrent enrollment in Econ 710.

899 Recent Advances in Economics. I or II; 1­3 cr. Selections from all fields of economic research. Content changes each semester. May be repeated. Prerequisite(s): Econ 711, 712, 713, 714 or Consent of Inst.

901 & 902 Workshop in Economic Theory. Critical discussion of topics in the field of Economic Theory. Prerequisite(s): Grad St.

903 & 904 Workshop on Industrial Organization. Current research on the operation of markets in which individuals and firms act with imperfect information, are limited in their responses, may purchase heterogeneous commodities or factor services, and are concerned with conflicting goals. Prerequisite(s): Grad St.

913 & 914 Workshop in Econometrics. Current research in model building, estimation and inference in econometrics. Prerequisite(s): Grad St.

955 & 956 - Workshop in Labor Economics. Analysis of current research in wage determination and the functioning of labor markets. Prerequisite(s): Grad St.

965 & 966 - Workshop on Quantitative Macro-Economic Analysis. Current research on macroeconomic models, monetary theory and policy, the theory of portfolio selection, and the allocative and distributive performance of capital markets. Prerequisite(s): Grad St.

968 & 969 Workshop on Public Economics. Individual research and group discussion of public expenditure programs with attention to investment in human capital, education, training, health, and welfare programs. Reports on research in progress by students, staff, visiting scholars. Prerequisite(s): Grad St.

977 & 978 Workshop in International Economics. Current research in international trade; a wide range of topics in theory, quantitative analysis, statistics, and policy. For graduate students in their second or later years when working on theses. Prerequisite(s): Grad St and Consent of Inst.

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