ECONOMICS (ECO–Business)

416/516 Topics in Microeconomics (2-3)

New developments and specialized topics in microeconomic theory are selected by instructor to be studied in depth. Prerequisite: ECO 315 or 615. Offered infrequently.

418/518 Monetary Theory and Policy (3)

Study of the behavior of financial institutions and their respective roles in transmission of monetary policy. Elements of monetary theory including quantity theory of money and its restatements, theory of interest, and inflation. Prerequisite: ECO 317.

423/523 History of Economic Analysis (2-3)

Development of economic analysis as it evolved over the years since 1750. Schools of thought covered are preclassical and classical; socialists and Marx, Neoclassical; and heterodoxy-historist, institutional and imperfectly competitive. Prerequisite: ECO 315 or permission of instructor. Offered infrequently.

434/534 Environmental Economics (3)

Economic analysis of environmental quality. Strategies for collective environmental action. Benefit-cost analysis. Economic growth and environmental quality.

435/535 Urban and Regional Economics (3)

Analysis of spatial distribution of firms and individuals in regions and urban areas. Includes economic structure and growth of regions, regional input-output models, urban transportation, housing, poverty, fiscal problems of cities, and migration.

441/541 International Trade and Commercial Policy (3)

Examination of underlying causes of international trade, determinants of trade, effects of trade on income, relationship between trade and international factor movements, and theory and practice of restrictions on trade. Prerequisite: ECO 315 or 603.

442/542 International Monetary Relations (3)

Monetary aspects of international economic relations. Alternative forms of international monetary organization, balance of payments, exchange rates, and mechanism of balance of payments adjustment. Prerequisite: ECO 317 or 301 or 604 or permission of instructor.

451/551 Economic History (3)

Primarily American economic history as studied from the point of view of economic theory and quantitative methods. Qualitative determinants of long-run economic growth and structural change investigated. Prerequisite: ECO 315 and 317, or permission of instructor.

461/561 Industrial Organization and Public Policy (3)

Effects of structure, conduct, and performance of imperfectly competitive firms upon social welfare. Includes social costs of imperfect competition, determinants of market structure, mergers, barriers to entry, advertising, and research and development. Prerequisite: ECO 315 or 603. Offered infrequently.

600 Seminar: Special Topics in Economics (1-3; maximum 9)

Offered infrequently.

602 MBA Economics Module (1)

Introduces the full time MBA student to basic concepts in micro and macro-economics, such as demand, costs, production, market structure, pricing, macroeconomics data and business cycles, among others.

603 Microeconomic Theory (3)

Examination of theoretical tools of microeconomics. The logic of micro phenomena is dealt with in partial and general equilibrium frameworks emphasizing general principles of marginalist-maximizing behavior. Enrollment limited to students in M.B.A. program.

615 Advanced Microeconomic Theory (3)

Exposition of the general principles and analytical tools of microeconomic theory. Includes theory of consumer choice, production and cost, pricing in various market structures, distribution theory, general equilibrium analysis, and welfare economics. Prerequisite: ECO 315 or 603.

616 Microeconomic Analysis for Managerial Decisions (3)

Focuses on microeconomic analysis of consumers, firms, and market organization. Topics may include analysis of antitrust and regulatory issues.

617 Advanced Macroeconomic Theory (3)

Development of an aggregative model of output, employment, interest rates, and prices. Analysis of the effect of government policy on these variables. Implications of alternative specifications of the model are also examined. Prerequisite: ECO 317 or 604 or equivalent.

635 Macroeconomic/International Environment for Business (3)

Focuses on role domestic and international monetary policy plays in determination of interest rates and foreign exchange rates. Additional topics may include interpretation of macroeconomic forecasts. Summer only.

640 Topics in Microeconomics (3)

Advanced selected topics in theoretical and applied microeconomics. Prerequisite: ECO 615 or permission of instructor.

650 Topics in Macroeconomics (3)

Advanced selected topics in theoretical and applied macroeconomics. Prerequisite: ECO 617 or permission of instructor.

661 Quantitative Methods for Economists (3)

Development of mathematical and statistical techniques essential for understanding economic theory and performing economic research. Includes calculus of several variables; linear algebra; classical, nonlinear, and convex programming; and comparative statics. Supporting examples and applications are from various subfields of economics. Prerequisite: MTH 141 or 151 or equivalent.

663 Econometrics (3)

Theoretical and applied regression analysis under ideal and non-ideal conditions. Includes simultaneous equation models and time series techniques. Prerequisite: STA 361 or equivalent.

671 Topics in Applied Econometrics (2)

Topics include simultaneous equations bias, omitted variable problems, and estimation with limited dependent variables. Prerequisite: ECO 663.

672 Applied Time Series Analysis (2)

Topics include autoregressive and moving average models, unit root topics, and co-integration. Prerequisite: ECO 663.

681/682 Special Problems in Economics (1-3,1-3)

Intensive reading or research in selected fields of economics. Prerequisite: graduate standing and permission of instructor.

685 Economic Research Methods (3)

Consideration of alternative economic methodologies; selection and specification of critical hypotheses; model construction; sources of data; model verification, evaluation, and revision. Prerequisite: graduate standing in economics. Summer only.

690 Master’s Research (1-12)

In-depth research paper written with supervision of at least two members of graduate faculty.