Liberal Arts and Social Sciences
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ECON Courses
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College of Liberal Arts and 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.
6331: Quantitative Economic Analysis
Cr. 3. (3-0). Prerequisite: MATH 1432 or MATH 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
ECON 6385 and
ECON 3334 or
ECON 6375. Development of economic theory with special emphasis on clasical, neoclasical, and contemporary contributions.
6342: Microeconomic Theory I
Cr. 3. (3-0). Prerequisites:
ECON 3332 or ECON 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 ECON 6375 and graduate standing, or consent of instructor. Analytic tools of
contemporary macroeconomics, including static analysis of clasical and
Keynesian models and the aggregate behavior of consumers, investors, and
asset holders.
6355: Economic Development of Asia
Cr. 3. (3-0). Prerequisite: Graduate standing or consent of instructor. Economic and social problems of raising standards of living in Asia. Discussion issues include economic growth, growth and the environment, income disparities, the role of trade and foreign investment, and the accompanying political and social changes.
6365: Economics of Wages and Employment
Cr. 3. (3-0). Prerequisites:
ECON 3332 or ECON 6385 and ECON 3334 or ECON 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 ECON 6344. Analysis of financial markets and
institutions, the supply of money, and the formulation and implementation
of monetary policy.
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 ECON 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.
6394: Applications in Economics
Cr. 3. (3-0). Application of
econometric methods for forecasting and policy analysis.
6397: Regional Economics
Cr. 3. (3-0). Economics of location decisions for firms
and residents, spatial pricing, regional factor flows, and regional input-output analysis.
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.
7349: Game Theory and Economic Behavior
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. Modeling and analysis of strategic situations. Topics include cooperative game theory, simultaneous-move games and Nash equilibrium, sequential-move games and subgame perfect equilibrium, and applications.
7350: Economic Growth and International Development
Cr. 3. (3-0). Prerequisites: ECON 6342 and ECON 7344 or consent of instructor. This course presents current work on economic growth and international development, focusing on empirical and quantitative approaches. It will cover a wide range of topics such as development accounting, world income distribution, financial aspects of growth and income
determination in open economies, international and regional capital flows, macroeconomic policy, capital market integration, current issues in economic and monetary unions and facts of globalizaion.
7351: Development Economics: Microeconomic Issues
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. Examines the micro foundations of economic development, including education, health, the family, land, credit, risk and institutions. Teaches econometric tools that have been used by researchers to identify causal relationships, including panel data, instrumental variables, randomized experiments and natural experiments.
7362: Computational Economics
Cr. 3. (3-0). Prerequisites: ECON 6331 and ECON 6342 or consent of instructor. This course explores economic modeling using computational methods. Topics include algorithms for solving models, the numerical analysis of results, and the robustness of the results. An interest in computers is essential; a knowledge of a programming language is useful.
7364: Experimental Economics
Cr. 3. (3-0). Prerequisites: ECON 6331 and ECON 6342 or consent of instructor. Introduction to experimental methodology as practiced for economic research. Experimental design choices in major papers are discussed, critically appraised, and assessed for their subsequent impact on experimental pratice.
7365: Labor Economics
Cr. 3. (3-0). Prerequisites: ECON 6342, ECON 6344, ECON 7342 and ECON 7344 or consent of instructor. Topics include: labor demand, labor supply, and human capital.
Modern Labor Economics by Ehrenberg and Smith.
7375: Topics in Industrial Organization
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. Provides an introduction to a wide range of topics in Industrial Organization. Topics covered include industry dynamics, geographic distribution of industrial activity, evolution of industry structure and size distribution of firms, and a variety of empirical techniques used to analyze micro data.
7376: Industrial Organization
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. This course examines how industries are organized and how that affects their economic performance. Topics include the modern business firm and its vertical relations, market structure and the marketing strategies it can encourage including innovation, with attention to network industries and their problems of compatibility and standardization.
7377: Public Finance
Cr. 3. (3-0). Prerequisites: ECON 6342 and ECON 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 ECON 6344. Quantitative macroeconomic relationships and econometric forecasting models.
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.
7392: Economic History
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. This course examines the economic history of the United States, Europe, and Asia using the New Institutional Economics to explain economic growth and institutional change in these regions, particularly focusing on the different models of growth that have emerged in North America, Europe, and Asia.
7393: Time Series Analysis
Cr. 3. (3-0). Prerequisite: ECON 6331 or consent of instructor. Focuses on the theory and application of univariate time series methods. Topics covered include both stationary and nonstationary time series, with an emphasis on inference in nonstationary processes, e.g. unit root tests.
7396: Topics in Economic Development
Cr. 3. (3-0). Prerequisites: ECON 6342 and ECON 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 ECON 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.
8361: Workshop in Research Methods III
Cr. 3. (3-0). Prerequisites: ECON 6342, ECON 6344 and ECON 7331 or consent of instructor. Data sources, specification analysis, and other aspects of empirical research in economics.
8362: Workshop in Research Methods IV
Cr. 3. (3-0). Prerequisites: ECON 6342, ECON 6344 and ECON 7331 or consent of instructor. Formulation, execution, and presentation of a research paper in economics.
8365: Labor Economics II
Cr. 3. (3-0). Prerequisites: ECON 7365, Continuation of ECON 7365. Topics include wage differentials, persistence in inequality and social mobility, the driving forces behind inequality, and unemployment.
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.
College of Liberal Arts and Social Sciences
Courses: Economics (ECON)
6198:6298:6398: Research and Readings in EconomicsCr. 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.
6331: Quantitative Economic Analysis
Cr. 3. (3-0). Prerequisite: MATH 1432 or MATH 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
ECON 6385 and
ECON 3334 or
ECON 6375. Development of economic theory with special emphasis on clasical, neoclasical, and contemporary contributions.
6342: Microeconomic Theory I
Cr. 3. (3-0). Prerequisites:
ECON 3332 or ECON 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 ECON 6375 and graduate standing, or consent of instructor. Analytic tools of
contemporary macroeconomics, including static analysis of clasical and
Keynesian models and the aggregate behavior of consumers, investors, and
asset holders.
6355: Economic Development of Asia
Cr. 3. (3-0). Prerequisite: Graduate standing or consent of instructor. Economic and social problems of raising standards of living in Asia. Discussion issues include economic growth, growth and the environment, income disparities, the role of trade and foreign investment, and the accompanying political and social changes.
6365: Economics of Wages and Employment
Cr. 3. (3-0). Prerequisites:
ECON 3332 or ECON 6385 and ECON 3334 or ECON 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 ECON 6344. Analysis of financial markets and
institutions, the supply of money, and the formulation and implementation
of monetary policy.
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 ECON 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.
6394: Applications in Economics
Cr. 3. (3-0). Application of
econometric methods for forecasting and policy analysis.
6397: Regional Economics
Cr. 3. (3-0). Economics of location decisions for firms
and residents, spatial pricing, regional factor flows, and regional input-output analysis.
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.
7349: Game Theory and Economic Behavior
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. Modeling and analysis of strategic situations. Topics include cooperative game theory, simultaneous-move games and Nash equilibrium, sequential-move games and subgame perfect equilibrium, and applications.
7350: Economic Growth and International Development
Cr. 3. (3-0). Prerequisites: ECON 6342 and ECON 7344 or consent of instructor. This course presents current work on economic growth and international development, focusing on empirical and quantitative approaches. It will cover a wide range of topics such as development accounting, world income distribution, financial aspects of growth and income
determination in open economies, international and regional capital flows, macroeconomic policy, capital market integration, current issues in economic and monetary unions and facts of globalizaion.
7351: Development Economics: Microeconomic Issues
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. Examines the micro foundations of economic development, including education, health, the family, land, credit, risk and institutions. Teaches econometric tools that have been used by researchers to identify causal relationships, including panel data, instrumental variables, randomized experiments and natural experiments.
7362: Computational Economics
Cr. 3. (3-0). Prerequisites: ECON 6331 and ECON 6342 or consent of instructor. This course explores economic modeling using computational methods. Topics include algorithms for solving models, the numerical analysis of results, and the robustness of the results. An interest in computers is essential; a knowledge of a programming language is useful.
7364: Experimental Economics
Cr. 3. (3-0). Prerequisites: ECON 6331 and ECON 6342 or consent of instructor. Introduction to experimental methodology as practiced for economic research. Experimental design choices in major papers are discussed, critically appraised, and assessed for their subsequent impact on experimental pratice.
7365: Labor Economics
Cr. 3. (3-0). Prerequisites: ECON 6342, ECON 6344, ECON 7342 and ECON 7344 or consent of instructor. Topics include: labor demand, labor supply, and human capital.
Modern Labor Economics by Ehrenberg and Smith.
7375: Topics in Industrial Organization
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. Provides an introduction to a wide range of topics in Industrial Organization. Topics covered include industry dynamics, geographic distribution of industrial activity, evolution of industry structure and size distribution of firms, and a variety of empirical techniques used to analyze micro data.
7376: Industrial Organization
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. This course examines how industries are organized and how that affects their economic performance. Topics include the modern business firm and its vertical relations, market structure and the marketing strategies it can encourage including innovation, with attention to network industries and their problems of compatibility and standardization.
7377: Public Finance
Cr. 3. (3-0). Prerequisites: ECON 6342 and ECON 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 ECON 6344. Quantitative macroeconomic relationships and econometric forecasting models.
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.
7392: Economic History
Cr. 3. (3-0). Prerequisite: ECON 6342 or consent of instructor. This course examines the economic history of the United States, Europe, and Asia using the New Institutional Economics to explain economic growth and institutional change in these regions, particularly focusing on the different models of growth that have emerged in North America, Europe, and Asia.
7393: Time Series Analysis
Cr. 3. (3-0). Prerequisite: ECON 6331 or consent of instructor. Focuses on the theory and application of univariate time series methods. Topics covered include both stationary and nonstationary time series, with an emphasis on inference in nonstationary processes, e.g. unit root tests.
7396: Topics in Economic Development
Cr. 3. (3-0). Prerequisites: ECON 6342 and ECON 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 ECON 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.
8361: Workshop in Research Methods III
Cr. 3. (3-0). Prerequisites: ECON 6342, ECON 6344 and ECON 7331 or consent of instructor. Data sources, specification analysis, and other aspects of empirical research in economics.
8362: Workshop in Research Methods IV
Cr. 3. (3-0). Prerequisites: ECON 6342, ECON 6344 and ECON 7331 or consent of instructor. Formulation, execution, and presentation of a research paper in economics.
8365: Labor Economics II
Cr. 3. (3-0). Prerequisites: ECON 7365, Continuation of ECON 7365. Topics include wage differentials, persistence in inequality and social mobility, the driving forces behind inequality, and unemployment.
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.