Course Descriptions

ECON 5116. Public Finance. (3)  Revenue and expenditure problems of governmental units, intergovernmental financial relationships and the impact of federal fiscal policy upon the American economy. (On demand)

ECON 5135. Economics of Growth and Development. (3)  Theories of economic growth and development applied to varying economic and social systems.  Current theoretical models and their relevance to efficient allocation of resources to both the developed and the developing nations. (On demand)

ECON 5160. Economics of Transportation. (3) Analysis of transportation systems.  Topics include:  the historical development of various modes, costs and rate-making, regulation and national transportation policy. (On demand)

ECON 5171. Economics of International Trade. (3)Theory of international trade including determination of international trade patterns, welfare implications of international trade, economic integration, and effects of tariffs and quotas. (On demand)

ECON 5172. Economics of International Finance. (3) Survey of international monetary theory.  Topics include: exchange rate determination, balance of payments and adjustment, international liquidity, capital movements, international financial organizations, and monetary reform proposals. (On demand) 

ECON 5180. Industrial Organization and Public Policy. (3) An examination of monopolistic competition, oligopoly, and monopoly and questions of public policy in dealing with problems created by industrial concentration. (Spring, Summer)

ECON 5181. Energy and Environmental Economics. (3) Economic issues of both energy and environment.  Energy issues include the historical development of energy resources, supply and demand considerations, and projections of the future energy balance.  Environmental issues are externalities, common property resources, and government regulation.  Policy considerations include environmental standards, pollution charges, and property rights.  Cost-benefit analysis and microeconomic theory are applied. (On demand)

ECON 6001. Advanced Topics in Macroeconomics. (3G) Prerequisites: ECON 6112, 6201 and 6202. Advanced treatment of selected issues in macroeconomics. (On demand)

ECON 6002. Advanced Topics in Microeconomics. (3G) Prerequisites: ECON 6112, 6201 and 6202. Advanced treatment of selected issues in microeconomics. (On demand)

ECON 6090. Topics in Economics. (1-3G) Prerequisite: consent of the department. Topics from various areas of economics. Credit hours will vary with the topic offered. May be repeated for credit as topics vary. (On demand)

ECON 6100. Graduate Mathematical Economics. (3G) Economic problems are analyzed with quantitative techniques. Topics covered include the study of economic growth models, utility maximization, homogeneous functions, dynamic systems, applications of linear programming, and constrained optimization. (On demand)

ECON 6112. Graduate Econometrics. (3G) Advanced study of the theory and application of statistics as it relates to economic problems. Topics include: identification and estimation of simultaneous systems of equations, seasonal adjustment, auto correlated disturbances, maximum likelihood estimation. (Fall, Spring)

ECON 6201. Advanced Macroeconomic Theory. (3G) Prerequisites: Admission to graduate program. Theories of aggregate income determination, inflation, unemployment, interest rates and economic growth; macro-economic consumption and investment behavior; the business cycle. (Fall, Spring)

ECON 6202. Advanced Microeconomic Theory. (3G) Prerequisite: admission to graduate program. Theories of the firm, of the consumer, and of resource owners; determination of prices under different market structures; general equilibrium analysis and welfare economics. (Fall, Spring)

ECON 6203. Financial Economic Theory. (3) Prerequisites: Admission to the graduate program and permission of the program coordinator. Review of financial economic theory using discrete-time models. Topics include: risk measurement; choices under uncertainty; portfolio selection; capital asset pricing model (CAPM); Arrow-Debreu pricing; options and market completeness; the Martingale measure; arbitrage theory; consumption based CAPM; and valuation of the firm. (Fall)

ECON 6206. Game Theory & Experiments. (3) Focuses on game theoretic analysis and the experimental methodology which can be used to test game theoretic models. The primary topics in game theory include: static games with complete information, dynamic games with complete information, static games with incomplete information, and dynamic games with incomplete information. Some topics are introduced by way of an economic experiment, and the experiment is followed by a rigorous analysis of the game theoretic solution to the game. The latter part of the course focuses on how to design economic experiments as a means of testing the predictions of game theoretic models. (On demand)

ECON 6217. Advanced Microeconometrics. (3)  Prerequisite: ECON 6112 or ECON 6113.  Underlying assumptions regarding the population, specification, estimation, and testing of microeconometric models.  Students become acquainted with a variety of extensions of conventional linear models for cross-sectional and panel data, including but not limited to the following:  panel data models, instrumental variables models, and qualitative response models. (Yearly)

ECON 6218. Advanced Business and Economic Forecasting. (3G) Prerequisite: ECON 6112. Develops forecasting techniques used in business decision making and techniques used in forecasting macroeconomic variables. Topics include: estimation, identification and prediction using ARMAX, state space and Box-Jenkins models; spectral analysis; linear filtering. (Fall, Spring)

ECON 6219. Financial Econometrics. (3) Prerequisite: ECON 6218 or MATH 6201. Advanced time series with financial applications. Topics include: time series regressions (uni variate and multivariate, stationary and non-stationary) and time series models (including ARMA, ARCH, GARCH, stochastic volatility and factor models). The emphasis will be on model properties, estimators, test statistics, and applications in finance. (Fall or Summer)

ECON 6235. Monetary and Financial Theory. (3G) Prerequisites: ECON 6112, and either ECON 6201 or 6202. Theory and empirical tests of money supply, money demand, and financial markets; portfolio theory with special attention to portfolio choices of banks; term structure of interest rates; dynamic models of money and economic activity. (Spring, Summer)

ECON 6238. Real Estate and Urban Economics. (3) Focuses on the fundamental economic forces that create urban areas, with a special emphasis on land markets.  Integrates economic theory to better understand the market forces that impact applied real estate development projects.  Topics include: urban growth and development; land valuation; the modelling and estimation of agglomeration economies; the costs of cities and their internal structure with emphasis on land use regulations and transportation; amenities and the local supply of labor; the sizes and functions of cities; affordable housing; and local public finance. (On demand)

ECON 6240. Economics of International Finance. (3G) Prerequisites: ECON 6112, 6201 and 6202. Open economy macroeconomics, international transmission of inflation and unemployment, internal and external balance; balance of payments and international payments mechanisms; determination of exchange rates and effects of hedging and speculation. (Spring, Summer)

ECON 6241. Economics of International Trade. (3G) Prerequisites: ECON 6112, 6201 and 6202. Examines the causes and consequences of trade using Ricardian and neoclassical models. Considers extensions, modifications and empirical tests of these models. Analysis of tariffs, quotas and other trade restrictions, export subsidies and trends in current trade policy. (On demand)

ECON 6250. Advanced Urban and Regional Economics. (3G) Prerequisite: admission to graduate program. Applications of microeconomic theory to problems of cities, metropolitan areas and regions; methods in regional analysis, location theory, land-use planning, measurement of economic activity; transportation, housing, poverty, and growth issues. (On demand)

ECON 6256. Public Economics. (3)  Prerequisite: MATH 1241 or equivalent, and permission of the program coordinator.  Public economics is the study of the way governments choose spending, taxation, and regulatory policy; the ways such policies may affect economic welfare; and mechanisms to evaluate the economic effects of such policies. (Yearly)

ECON 6257. Applied Computational Economics. (3)  Prerequisites: ECON 6201 and ECON 6202, or permission of the program coordinator.  Introduction to computational approaches for solving economic models. Topics include: interpolation and approximation techniques, numerical optimization, numerical solutions to systems of nonlinear equations, quadrature formulas for numerical integration, Monte Carlo simulation, and basic solution algorithms for economic dynamics. (On demand)

ECON 6260. Economics of Health and Health Care. (3)  Cross-listed as PPOL 8667 and HSRD 8004.  Prerequisite: Admission to graduate program or permission of the instructor.  Uses economic theory and econometrics to analyze the functioning of the health care sector and appropriate public policy. Topics include:  how markets for medical care differ from other markets, the demand for medical care, the demand and supply of health insurance, the role of competition in medical markets, managed care, managed competition, and the role of the public sector in regulating and financing health care. The topic list is flexible, and student input will be solicited and welcomed. (Alternate Fall)

ECON 6800. Directed Study in Economics. (1-3G) Prerequisites: Admission to M.S. program in Economics. Independent study of a theoretical and/or a policy problem in a special area of economics. Topics of the investigation may originate from the student or from the faculty member supervising the study. May be repeated for up to 6 hours of credit with the approval of the Graduate Coordinator. (On demand)

ECON 6901. Research Methods for Economists I. (3G) Prerequisites: ECON 6112 or ECON 6113, and either ECON 6201, ECON 6202 or MBAD/FINN 6157. Research programs in economics; problem identification; interpretation of statistical results, bibliographic search, data sources and collection, selection of statistical technique, preparation of reports and proposals. (Spring)

ECON 6902. Research Methods for Economists II. (3G) Prerequisites: ECON 6901. Critique of economic research and reports, presentation of econometric results and reports. The student will develop a research project, perform statistical tests, and present the results orally and in a major research paper. (Fall)

ECON 6999. Graduate Thesis Research. (0-6G) Individual investigation culminating in the preparation and presentation of a thesis. May be repeated for credit. (On demand)