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College of Social Sciences

Courses: Economics (ECON)

6198:6298:6398: Research and Readings in Economics
Cr. 1-3 per semester. Prerequisite: approval of chair. Student may elect to receive either S/U or letter grade. Individually directed readings or research in a particular field of economics.

6312: Economics in Public Affairs
Cr. 3. (3-0). Required for public administration students. Not intended for students in business or economics. Theoretical views of public policy from an economic perspective. Discusses contributions and limitations of economics in the formulation of public policy.

6331: Quantitative Economic Analysis
Cr. 3. (3-0). Prerequisite: MATH 1432 or 1314 or consent of instructor. Statistical basis for applied economic analysis, which includes discrete and continuous distributions, point estimation, tests of hypothesis, methods of estimation and properties of estimators.

6337: History of Economic Thought
Cr. 3. (3-0). Prerequisites: ECON 3332 or 6385 and ECON 3334 or 6375. Development of economic theory with special emphasis on classical, neoclassical, and contemporary contributions.

6342: Microeconomic Theory I
Cr. 3. (3-0). Prerequisites: ECON 3332 or 6385 and graduate standing, or consent of instructor. Contemporary microeconomic theory of decision and allocation in a market economy. Topics include theories of the consumer, the firm, and competitive markets under complete and incomplete information.

6344: Macroeconomic Theory I
Cr. 3. (3-0). Prerequisites: ECON 3334 or 6375 and graduate standing, or consent of instructor. Analytic tools of contemporary macroeconomics, including static analysis of classical and Keynesian models and the aggregate behavior of consumers, investors, and asset holders.

6361: Workshop in Research Methods III
Cr. 3. (3-0). Prerequisites: ECON 6342, 6344, and 7331 or consent of instructor. Data sources, specification analysis, and other aspects of empirical research in economics.

6362: Workshop in Research Methods IV
Cr. 3. (3-0). Prerequisites: ECON 6342, 6344, and 7331 or consent of instructor. Formulation, execution, and presentation of a research paper in economics.

6365: Economics of Wages and Employment
Cr. 3. (3-0). Prerequisites: ECON 3332 or 6385 and ECON 3334 or 6375. Determination of wages, terms, and volume of employment, and relation of trade unionism to the economy, with emphasis on theoretical explanations.

6366: Topics in Industrial Organization and Policy
Cr. 3. (3-0). Prerequisite: graduate standing. May be repeated with consent of instructor. Selected topics in the structure, conduct, and performance relationships in a variety of industries and public policies toward business.

6368: Economics of Project Evaluation
Cr. 3. (3-0). Prerequisite: ECON 6342 or equivalent. Theory and application of project evaluation: welfare, investment decision rules, opportunity, cost of public funds, risk and uncertainty; applications from various areas.

6371: Monetary Policy and Financial Institutions
Cr. 3. (3-0). Prerequisites: ECON 6342 and 6344. Analysis of financial markets and institutions, the supply of money, and the formulation and implementation of monetary policy.

6375: Macroeconomic Analysis I
Cr. 3. (3-0). Required for M.B.A. students; not intended for M.A. and Ph.D. students in economics. Analysis of aggregated economic relationships; the determinants of employment, economic growth, and inflation; the effects of monetary and fiscal policy on the national economy.

6380: State and Urban Finance
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. Analysis of government tax and expenditure at the state and local level, with consideration of underlying determinants of local public sector budgets.

6381: Economic Development of the United States
Cr. 3. (3-0). Prerequisite: ECON 3332 or 6385 or consent of instructor. Applied economics in a broader context. Analysis of the economic development of the U.S. with emphasis on the interaction of markets and political institutions.

6385: Microeconomic Analysis I
Cr. 3. (3-0). Required for M.B.A. students; not intended for M.A. and Ph.D. students in economics. Analysis of price formation and allocation of resources; consumer (household) behavior; theory of the firm; applications of price theory to government regulation.

6389: Analysis of Energy Markets
Cr. 3. (3-0). Prerequisites: ECON 3332, 4365, and MATH 1431 or equivalent. Survey of methods to analyze and forecast energy markets, including econometrics, engineering, and simulation approaches.

6390: Workshop in Research Methods I
Cr. 3. (3-0). Prerequisite: Completion of or concurrent enrollment in ECON 6342 or 6344. Development of mathematical methods applied to economic theory.

6394: Topics in the Economics of Social Issues
Cr. 3. (3-0). Prerequisite: consent of instructor. May be repeated for credit when topics vary. Surveys the contribution of economics to the analysis of major social problems.

6395: Workshop in Research Methods II
Cr. 3. (3-0). Prerequisite: completion of or concurrent enrollment in ECON 6342 or 6344. Application of the computer to economic research.

6397: Topics in Economic Research
Cr. 3. (3-0). Prerequisite: consent of instructor. May be repeated with consent of instructor. Preparation of papers for publication on a topic approved by the instructor.

6399-7399: Master's Thesis
Cr. 3 per semester.

7300: Seminar in Current Economic Research
Cr. 3. (3-0). Prerequisite: graduate standing. May be repeated with consent of instructor. Current topics in economic research presented in seminar format.

7331: Econometrics I
Cr. 3. (3-0). Prerequisites: ECON 6331 and MATH 2331 or consent of instructor. Regression analysis and the general linear model. Topics covered include ordinary least squares, heteroskedasticity, autoregression, distributed lags, and generalized least squares.

7342: Microeconomic Theory II
Cr. 3. (3-0). Prerequisite: Microeconomic Theory I. Continuation of Microeconomic Theory I. Topics include market structure, centralized and decentralized decisions, alternative allocation mechanisms, contracts, capital theory, general equilibrium, unemployment, and money.

7344: Macroeconomic Theory II
Cr. 3. (3-0). Prerequisite: Macroeconomic Theory I. Continuation of Macroeconomic Theory I. Topics include dynamic analysis, long run growth, stochastic macroeconomics, and theories of expectations. Emphasis on recent literature in macroeconomic theory.

7377: Public Finance
Cr. 3. (3-0). Prerequisites: ECON 6342 and 6344. Selected topics in the incidence and effects of government revenues, expenditures, and debt.

7380: Macroeconomic Modeling and Forecasting
Cr. 3. (3-0). Prerequisites: ECON 7331 and 6344. Quantitative macroeconomic relationships and econometric forecasting models.

7386: Energy Policy Analysis
Cr. 3. (3-0). Prerequisite: ECON 6342 (current enrollment acceptable). An in-depth analysis of recent energy policy developments including OPEC, energy conservation, environmental issues, supply security, federal price regulations, and energy research and development.

7387: Economic Analysis of Urban Areas
Cr. 3. (3-0). Markets for housing and sites, determinants of land use patterns. Topics include demand, rent and density gradients, racial discrimination, land use regulation, transportation access.

7396: Topics in Economic Development
Cr. 3. (3-0). Prerequisites: ECON 6342 and 6344. May be repeated with consent of instructor. The development of world economy; emphasizing preconditions of progress, changes in economic structure, the role of planning, and the problems of underdeveloped economies.

7398: International Monetary Economics
Cr. 3. (3-0). Prerequisites: ECON 6342 and 6344. Exchange rates and comparative advantage, balance of payments, speculation in foreign exchange markets, devaluation, and the international monetary system.

8198:8298:8398: Doctoral Research
Cr. 1-3 per semester, or more than 3 by concurrent enrollment. Prerequisite: approval of chair.

8300: Advanced Seminar in Current Economic Research
Cr. 3. (3-0). Prerequisite: admission to Ph.D. candidacy. May be repeated with consent of instructor. Continuation of ECON 7300. Students are required to present current research paper in seminar environment.

8331: Econometrics II
Cr. 3. (3-0). Prerequisite: ECON 7331. Estimation methods in single-equation and simultaneous equations models. Topics include missing observations, errors in variables, and limited dependent variables.

8342: Microeconomic Theory III
Cr. 3. (3-0). Prerequisite: Microeconomic Theory II. Concentration on recent journal literature in microeconomic theory.

8344: Macroeconomic Theory III
Cr. 3. (3-0). Prerequisite: Macroeconomic Theory II. Concentration on recent journal literature in macroeconomic theory.

8396: International Trade
Cr. 3. (3-0). Prerequisite: ECON 6342. Causes and consequences of international trade, theories and comparative advantage, theory and measurement of tariffs, capital movements, and multinational corporations.

8399:8699:8999: Doctoral Dissertation
Cr. 3 per semester.