ECO 5114 Microeconomic Analysis 4 Credits

Grading Scheme: Letter Grade

Develops the foundational theoretical models employed in understanding market interactions. Examines consumer choice, profit maximization by suppliers, market equilibrium in settings that vary with respect to their competitiveness, economic efficiency, and policy interventions in markets.

Catalog Program Pages Referencing ECO 5114

ECO 5207 Macroeconomic Analysis 4 Credits

Grading Scheme: Letter Grade

Develops foundational tools of modern macroeconomic analysis. Examines consumption-labor decisions and consumption-savings decisions by households, profit maximization by firms, and the impacts of fiscal and monetary policy on the aggregate economy. Identifies optimal fiscal and monetary policies. Presents prominent theories of long-run economic growth.

Catalog Program Pages Referencing ECO 5207

ECO 5216 Monetary Economics 4 Credits

Grading Scheme: Letter Grade

Develops foundational theoretical models employed by modern monetary economics. Examines individual and aggregate money demands and analyzes their effect on interest rate determination. Examines liquidity effect of monetary injections on interest rates and currency exchange rates.

Catalog Program Pages Referencing ECO 5216

ECO 5426 Econometric Analysis 1 4 Credits

Grading Scheme: Letter Grade

Introduces concepts and methods employed in empirical economic analysis. Examines ordinary least squares, instrumental variables, maximum likelihood estimation, and model specification. Covers topics needed to plan and implement empirical projects, and understand potential problems with the empirical analyses of others.

Catalog Program Pages Referencing ECO 5426

ECO 5427 Econometric Analysis 2 4 Credits

Grading Scheme: Letter Grade

Introduces to advanced concepts and methods employed in empirical economic analysis. Examines logit, probit, tobit, and categorical dependent variable models. Examines estimation of economic panel data. Covers topics needed to plan and implement empirical projects in the presence of limited dependent variables.

Prerequisite: ECO 5426

Catalog Program Pages Referencing ECO 5427

ECO 5435 Economic Data Analysis 4 Credits

Grading Scheme: Letter Grade

Introduces coding for data manipulations and statistical analysis in Stata. Investigates construction and calculation of economic indicators. Identifies imperfections inherent to common indicators. Examines microdata and aggregate-level economic data using panel data and fixed-effects regression models.

Catalog Program Pages Referencing ECO 5435

ECO 5464 Game Theory and Industrial Organization 4 Credits

Grading Scheme: Letter Grade

Introduces strategic behavior?what to do when your preferred action depends on others' choices of their own preferred actions?to the analysis of imperfectly competitive markets. Develops and examines Nash Equilibrium and numerous equilibrium refinements. Applies these solution refinements to important issues of imperfect competition.

Catalog Program Pages Referencing ECO 5464

ECO 5715 Open Economy Macroeconomics 2 Credits

Grading Scheme: Letter Grade

International linkages arising from capital flows and exchange rates as well as comparison on macroeconomic policies and performance across countries. Effect of macroeconomic events on international business environment.

Prerequisite: ECP 5702. Designed primarily for M.B.A. students.

Catalog Program Pages Referencing ECO 5715

ECO 5745 Global Trade and Policy 3 Credits

Grading Scheme: Letter Grade

Provides overview of theory, policy, and institutions that govern international flow of goods and services. Analyzes evolution of global trade, causes and effects of globalization, foreign outsourcing, effects of globalization on income distribution, international factor movements, strategic trade policy, multilateral and regional trade agreements, and global environmental issues.

Catalog Program Pages Referencing ECO 5745

ECO 6409 Game Theory Applied to Business Decisions 2 Credits

Grading Scheme: Letter Grade

Business settings analyzed wherein a few decision makers profoundly affect one another's well being. Oligopoly competition and coordination, nonprice choices, entry deterrence, reputation formation, contract design, and management of work teams.

Prerequisite: ECP 5702 or equivalent. Designed primarily for MBA students.

Catalog Program Pages Referencing ECO 6409

ECO 6716 International Macroeconomics 3 Credits

Grading Scheme: Letter Grade

Macroeconomic policies and their effects on the international business environment.

Prerequisite: ECP 5705. Designed primarily for M.B.A. students. Not designed for doctoral students in economics.

Catalog Program Pages Referencing ECO 6716

ECO 6906 Individual Work in Economics 1-4 Credits, Max 8 Credits

Grading Scheme: Letter Grade

Individual Work in Economics

Catalog Program Pages Referencing ECO 6906

ECO 6910 Supervised Research 1-5 Credits, Max 5 Credits

Grading Scheme: S/U

Supervised Research

Catalog Program Pages Referencing ECO 6910

ECO 6936 Special Topics 1-4 Credits, Max 16 Credits

Grading Scheme: Letter Grade

Special Topics

Catalog Program Pages Referencing ECO 6936

ECO 6957 International Studies in Economics 1-4 Credits, Max 12 Credits

Grading Scheme: S/U

International Studies in Economics

Prerequisite: admission to approved study abroad program and permission of department.

Catalog Program Pages Referencing ECO 6957

ECO 6971 Research for Master's Thesis 1-15 Credits

Grading Scheme: S/U

Research for Master's Thesis

Catalog Program Pages Referencing ECO 6971

ECO 6977 Financial Economics Capstone 3 Credits

Grading Scheme: Letter Grade

Introduces fundamentals of financial project management. Examines project financing for private and public projects. Covers numerous application-based topics including funds sourcing, legal frameworks and regulation, and credit risk. Includes capstone project in financial economics.

Prerequisite: Admission into the Master of Arts in Economics program.

Catalog Program Pages Referencing ECO 6977

ECO 7113 Information Economics 1-2 Credits, Max 2 Credits

Grading Scheme: Letter Grade

Analysis of information problems, remedies through contracting or adoption of different procedures and organization when complete contracting is infeasible.

Prerequisite: ECO 7115 and ECO 7408. ;

Corequisite: ECO 7404.

Catalog Program Pages Referencing ECO 7113

ECO 7115 Microeconomic Theory 3 Credits

Grading Scheme: Letter Grade

Analysis of optimization applied to consumer and product theory including comparative statistics and duality.

Corequisite: ECO 7408 or equivalent.

Catalog Program Pages Referencing ECO 7115

ECO 7118 Markets and Institutions 1-2 Credits

Grading Scheme: Letter Grade

Partial equilibrium analysis of four basic market structures: competition, monopoly (monopsony), oligopoly, and monopolistic competition. Topics include pricing strategies, vertical integration, and bilateral monopoly. Examination of policy implications.

Catalog Program Pages Referencing ECO 7118

ECO 7119 Information, Incentives, and Agency Theory 3 Credits

Grading Scheme: Letter Grade

Recent theoretical work in literature on design of incentive schemes in presence of limited information. Mathematical modeling and proof techniques emphasized.

Prerequisite: ECO 7115.

Catalog Program Pages Referencing ECO 7119

ECO 7120 General Equilibrium and Welfare Economics 1-2 Credits, Max 2 Credits

Grading Scheme: Letter Grade

Introduction to general equilibrium analysis, including existence of equilibrium, core convergence, and fundamental theorems of welfare economics.

Prerequisite: ECO 7115. ;

Corequisite: ECO 7406.

Catalog Program Pages Referencing ECO 7120

ECO 7206 Macroeconomic Theory I 3 Credits

Grading Scheme: Letter Grade

Coreq: ECO 7115, ECO 7408. Classical, Keynesian, and new classical aggregate income and employment analysis. Demand for money. Inflation and unemployment. Monetary policy and stabilization. Time series and rational expectations models.

Catalog Program Pages Referencing ECO 7206

ECO 7272 Economic Growth I 1-2 Credits

Grading Scheme: Letter Grade

Introduction and overview of theoretical and empirical developments in determinants of long-run standards of living.

Prerequisite: ECO 7115 and ECO 7415. ;

Corequisite: ECO 7406.

Catalog Program Pages Referencing ECO 7272

ECO 7404 Game Theory for Economists 1-2 Credits, Max 2 Credits

Grading Scheme: Letter Grade

Introduction to modern game theory as used in economics. Emphasis on use of techniques in simple applications.

Prerequisite: ECO 7115 and ECO 7408.

Catalog Program Pages Referencing ECO 7404

ECO 7405 Mathematical Economics: Game Theory 3 Credits

Grading Scheme: Letter Grade

Advanced game theory including incomplete information games with application to economics.

Prerequisite: ECO 7404 and ECO 7408 or consent of instructor.

Catalog Program Pages Referencing ECO 7405

ECO 7406 Dynamic Economics: Theory and Applications 1-2 Credits, Max 2 Credits

Grading Scheme: Letter Grade

Review of techniques and applications of dynamic optimization and growth with introduction to modern dynamic techniques to analyze growth, resource management, stabilization policy, capital accumulation, asset pricing, search behavior, and incentive contracting.

Prerequisite: ECO 7115 and ECO 7408.

Catalog Program Pages Referencing ECO 7406

ECO 7408 Mathematical Methods and Applications to Economics 1-2 Credits, Max 2 Credits

Grading Scheme: Letter Grade

Mathematical techniques used in graduate work in economics and finance. Linear algebra and differential equations, with emphasis on results used in economic theory and econometrics.

Catalog Program Pages Referencing ECO 7408

ECO 7415 Statistical Methods in Economics 3 Credits

Grading Scheme: Letter Grade

Coreq: ECO 7408. Introduction to fundamental statistical concepts: estimation, hypothesis testing, linear regression, and analysis of variance.

Catalog Program Pages Referencing ECO 7415

ECO 7424 Econometric Models and Methods 3 Credits

Grading Scheme: Letter Grade

Introduction to classical econometric theory, linear models, and estimation methods.

Prerequisite: ECO 7415.

Catalog Program Pages Referencing ECO 7424

ECO 7426 Econometric Methods I 3 Credits

Grading Scheme: Letter Grade

Stochastic models. The general linear model and problems associated with its use in econometric research. Theory of the simultaneous equation approach, model construction, and estimation techniques.

Prerequisite: ECO 7424 or departmental approval.

Catalog Program Pages Referencing ECO 7426

ECO 7427 Econometric Methods II 3 Credits

Grading Scheme: Letter Grade

Advanced econometric theory with applications to topics such as nonlinear estimation, limited dependent variable models, time-series analysis, and specification testing.

Prerequisite: ECO 7424 or AEB 7571.

Catalog Program Pages Referencing ECO 7427

ECO 7452 Best Empirical Practices in Economics 1-2 Credits

Grading Scheme: Letter Grade

Analysis of empirical papers to develop skills for evaluating and conducting empirical testing of economic theory.

Catalog Program Pages Referencing ECO 7452

ECO 7467 Financial Econometrics 3 Credits

Grading Scheme: Letter Grade

Covers econometric applications to financial economics. Examines common and desirable properties of financial data, determination of financial asset prices and returns, modeling of stationary and nonstationary variables, and modeling volatility. Introduces financial forecasting.

Prerequisite: ECO 7424: Econometric Models and Methods

Catalog Program Pages Referencing ECO 7467

ECO 7525 Welfare Economics and The Second Best 1-2 Credits

Grading Scheme: Letter Grade

Introduction and overview of public sector economics. Basic welfare economics, optimal commodity and income taxation, and public goods and welfare.

Prerequisite: ECO 7115

Catalog Program Pages Referencing ECO 7525

ECO 7534 Empirical Public Economics I 1-2 Credits, Max 2 Credits

Grading Scheme: Letter Grade

Taxation, expenditures, marketplace of local governments, federalism and sources of inefficiency in government, voter turnout.

Prerequisite: ECO 7424 and 7525.

Catalog Program Pages Referencing ECO 7534

ECO 7535 Empirical Public Economics II 1-2 Credits

Grading Scheme: Letter Grade

Education, welfare policy, health policy, and environmental policy.

Catalog Program Pages Referencing ECO 7535

ECO 7536 Theoretical Public Economics 1-2 Credits

Grading Scheme: Letter Grade

The course is concerned primarily with public goods and their provision.

Prerequisite: ECO 7115.

Catalog Program Pages Referencing ECO 7536

ECO 7706 Theory of International Trade 3 Credits

Grading Scheme: Letter Grade

Historical and economic background of foreign trade; theory of international trade; fundamentals of international exchange; international commercial policies and international trade; exchange fluctuations and their control; international monetary institutions.

Catalog Program Pages Referencing ECO 7706

ECO 7707 International Economic Relations 3 Credits

Grading Scheme: Letter Grade

International trade and income distribution, international technology diffusion, foreign direct investment and multinational enterprise, formation and reform of trade and investment policy.

Catalog Program Pages Referencing ECO 7707

ECO 7925 Research Skills Workshop 3 Credits

Grading Scheme: S/U

Transition from learning about work of others to doing research. Selecting area of research, surveying literature, narrowing to specific topic, formulating model, collecting data if appropriate, working through theoretical or empirical analysis, and writing first draft.

Prerequisite: passed written qualifying exams.

Catalog Program Pages Referencing ECO 7925

ECO 7938 Advanced Economics Seminar 1-4 Credits, Max 8 Credits

Grading Scheme: Letter Grade

For advanced graduate students in economics. Student must have completed graduate core program and have preliminary dissertation topic.

Catalog Program Pages Referencing ECO 7938

ECO 7979 Advanced Research 1-12 Credits

Grading Scheme: S/U

Research for doctoral students before admission to candidacy. Designed for students with a master's degree in the field of study or for students who have been accepted for a doctoral program. Not appropriate for students who have been admitted to candidacy.

Catalog Program Pages Referencing ECO 7979

ECO 7980 Research for Doctoral Dissertation 1-15 Credits

Grading Scheme: S/U

Research for Doctoral Dissertation

Catalog Program Pages Referencing ECO 7980

ECP 5702 Managerial Economics 2 Credits

Grading Scheme: Letter Grade

Microeconomic forces that influence decisions made by firms. Cost concepts, pricing strategies, capital investment, human resource management, innovation, and the influence of the competitive environment of firms.

Prerequisite: Designed primarily for M.B.A. students.

Catalog Program Pages Referencing ECP 5702

ECP 5705 Economics of Business Decisions 3 Credits

Grading Scheme: Letter Grade

Synthesis and application of microeconomic theory and related business administration principles to managerial decision making through a problem-solving orientation.

Prerequisite: Designed primarily for M.B.A. students.

Catalog Program Pages Referencing ECP 5705

ECP 6701 Competitive Strategies in Expanding Markets 2 Credits

Grading Scheme: Letter Grade

Identify and analyze strategies in expanding markets created by technological change and accelerated globalization.

Prerequisite: ECP 5702; MBA and other master's students.

Catalog Program Pages Referencing ECP 6701

ECP 6708 Cases in Competitive Strategy 2 Credits

Grading Scheme: Letter Grade

Current and recent cases to illustrate practical principles using strategic analysis. Class discussions of cases comprise first part; student presentations comprise second part. Practical business lessons from applying strategic methodology.

Prerequisite: ECO 6409. Designed for MBA students.

Catalog Program Pages Referencing ECP 6708

ECP 7407 Theory of Industrial Organization:Product Differentiation and Strategy 1-2 Credits

Grading Scheme: Letter Grade

Models of oligopoly with differentiated products, modern monopolistic competition models, and strategic moves in oligopoly.

Prerequisite: ECO 7115, ECO 7404, ECO 7118

Catalog Program Pages Referencing ECP 7407

ECP 7408 Empirical Industrial Organization 1-2 Credits, Max 2 Credits

Grading Scheme: Letter Grade

Empirical examination of current issues. Returns to scale, market structure, entry and exit, technological progress, and examination of particular regulated industries.

Prerequisite: ECO 7424 required; ECO 7426 recommended or consent of instructor.

Catalog Program Pages Referencing ECP 7408

ECP 7418 Economics of Regulation 1-2 Credits

Grading Scheme: Letter Grade

Theory and practice of regulatory institutions, with focus on pricing and incentive issues. Analysis of alternatives to traditional regulatory policy.

Catalog Program Pages Referencing ECP 7418

ECP 7419 Current Research in Regulation 1-2 Credits

Grading Scheme: Letter Grade

Explores current research topics in regulation. Emphasizes energy, environment, telecommunications, and water, with an objective of preparing students to contribute to this research.

Catalog Program Pages Referencing ECP 7419

HSA 6436 Health Economics 3 Credits

Grading Scheme: Letter Grade

Fundamental economic relations governing production, consumption, reimbursement, and financing of health services. Characteristics of markets for acute and long-term care services, insurance, and health care labor. Economic evaluation of technology.

Prerequisite: consent of instructor.

Catalog Program Pages Referencing HSA 6436