DEPARTMENT OF ECONOMICS
Graduate course descriptions
506 STATE AND LOCAL PUBLIC FINANCE 3 credits
Prerequisite: Admission to the master’s program in Economics or permission. Examines economic rationale and problems for provision of goods and services by different governmental units. Considers alternative revenue sources and special topics.
523 APPLIED GAME THEORY 3 credits
Prerequisite: Admission to the master’s program in Economics or permission. Application of the basic concepts of game theory (analysis of strategic behavior) to relevant economic issues including bargaining, cartels, voting, conflict resolution, and non-competitive pricing.
527 ECONOMIC FORECASTING 3 credits
Prerequisites: Admission to the master’s program in Economics or permission. Study of methods for building, identifying, fitting, and checking dynamic economic models and the use of these models for forecasting. Emphasis is on the application of available computer software systems.
530 LABOR MARKET AND SOCIAL POLICY 3 credits
Prerequisites: Admission to the master’s program in Economics or permission. Intensive study of current labor and social policy issues (e.g. discrimination, poverty, migration, education, demographic and labor market changes, impact of international trade on employment).
534 LABOR MARKET ANALYSIS AND EVALUATION 3 credits
Prerequisites: Admission to the master’s program in Economics or permission. Applied labor market research using specialized techniques. Employment, health, education, and other current policy issues and programs analyzed and evaluated. Original research project required.
536 HEALTH ECONOMICS 3 credits
Prerequisite: permission of instructor. Economic analysis of health care. Stresses health policy issues, includes study of demand and supply of medical services and insurance, analysis of health care industries.
538 ECONOMICS OF SPORTS 3 credits
Prerequisite: permission of instructor. Sports franchises as profit maximizing firms; costs and benefits of a franchise to a city; labor markets in professional sports; the economics of college sports.
540 SPECIAL TOPICS: ECONOMICS 3 credits
Prerequisite: permission. Opportunity to study special topics and current issues in economics.
560 ECONOMICS OF DEVELOPING COUNTRIES 3 credits
Prerequisite: Admission to the master’s program in Economics or permission. Basic problems of economic development. Theories of economic development, issues of political economy and institutions. Topics include poverty, population, migration, employment, finance, international trade, environment.
561 PRINCIPLES OF INTERNATIONAL ECONOMICS 3 credits
Prerequisites: Admission to the master’s program in Economics or permission. International trade and foreign exchange, policies of free and controlled trade, international monetary problems.
575 DEVELOPMENT OF ECONOMIC THOUGHT 3 credits
Prerequisites: Admission to the master’s program in Economics or permission. Evolution of theory and method, relation of ideas of economists contemporary to conditions
581 MONETARY AND BANKING POLICY 3 credits
Prerequisites: Admission to the master’s program in Economics or permission. Control over currency and credit, policies of control by central banks and governments, United States Treasury and Federal Reserve System.
587 URBAN ECONOMICS: THEORY AND POLICY 3 credits
Prerequisite: Admission to the master’s program in Economics or permission. Analysis of urban issues from an economic perspective. Emphasis on urban growth, land-use patterns, housing, income distribution, poverty and urban fiscal policy.
591 WORKSHOP IN ECONOMICS 1-3 credits
(May be repeated) Group studies of special topics in economics. May not be used to meet undergraduate or graduate major requirements in economics. May be used for elective credit only.
600 FOUNDATIONS OF ECONOMIC ANALYSIS 3 credits
Prerequisite: graduate standing. Determination of national income, employment and price level; aggregate consumption, investment and asset holding; decision problems faced by household and firm. Partial equilibrium and analysis of competition and monopoly and general equilibrium analysis. May not be substituted for 602, 603, 611, or applied toward the 30 graduate credits required for M.A. in economics.
602 MACROECONOMIC ANALYSIS I 3 credits
Construction of static macroeconomic models. Analysis predominantly in terms of comparative statistics with only relatively brief mention of dynamic models.
606 ECONOMICS OF THE PUBLIC SECTOR 3 credits
Examination of public sector economies emphasizes public revenues, public expenditures. Develops objectives of taxation, welfare aspects of the public sector, theory of public goods. Considers specific taxes, cost-benefit analysis, expenditures analysis, fiscal federalism.
610 FRAMEWORK OF ECONOMIC ANALYSIS 3 credits
Prerequisite: graduate standing. Development of theoretical and analytical framework for decision making. Discussion of applications of the framework to situations concerning demand, cost, supply, production, price, employment and wage.
611 MICROECONOMIC THEORY I 3 credits
Modern theory of consumer behavior and of the firm. Determination of market prices. Optimization models, establishment of criteria for productive, allocative and distributive efficiency.
615 INDUSTRIAL ORGANIZATION 3 credits
Prerequisite: 611 or permission. Examines link between market structure, firm conduct and economic performance. Measurement and effects of monopoly power, industrial concentration and changes.
617 THE ECONOMICS OF REGULATION 3 credits
Prerequisite: 615 or permission of instructor. Examines rationale, methods and success of government regulation of public utility, transportation and communications industries.
620 APPLICATIONS OF MATHEMATICAL MODELS TO ECONOMICS 3 credits Prerequisites: courses in calculus, intermediate microeconomics or permission of the instructor. Review of selected topics of differential and integral calculus and their application to economic analysis. Theory of optimization in production and consumption; static macroeconomic models. Analysis of growth and stability.
621 APPLICATION OF LINEAR MODELS IN ECONOMIC ANALYSIS 3 credits
Prerequisites: courses in intermediate microeconomics. Review of selected topics of linear algebra application to economic theory. Static open and closed input-output tables, dynamic models, consumption technology and theory of demands, linear programming, general equilibrium analysis.
626 APPLIED ECONOMETRICS I 3 credits
Prerequisites: Admission to the master’s program in economics or permission of the department. Students will learn statistical methods and standard econometric tools by reading and conducting empirical research requiring problem articulation, data assembly and appropriate model specification.
627 APPLIED ECONOMETRICS II 3 credits
Prerequisite: 626 or equivalent. Students will learn advanced econometric topics, continuing to build on modeling, interpretation, and evaluation skills through economic problems, culminating in an empirical research paper.
628 SEMINAR IN RESEARCH METHODS 3 credits
Prerequisite: permission of instructor. A seminar in the research use of applied mathematical economics or econometrics. Emphasis is on individual development of a theoretical proposition or research statement, its empirical examination and policy implications.
633 THEORY OF WAGES AND EMPLOYMENT 3 credits
Analytical approach to integration of economic theory with observed labor market phenomena. Discussion of wage and employment theories, effects of unions, collective bargaining theories and effects of government regulation.
640 SPECIAL TOPICS IN ECONOMICS 3 credits
Prerequisite: Admission to the master’s program in economics or permission of the department. Opportunity to study special topics and current issues in economics at an advanced level. Repeatable with permission of the instructor.
664 SEMINAR ON ECONOMIC GROWTH AND DEVELOPMENT 3 credits
Review of main theories of economic growth since age of classical economics. Problems in development of emerging countries. Discussion of aggregative macromodels of capital formation, investment, technology and external trade.
666 SEMINAR ON REGIONAL ECONOMIC ANALYSIS AND DEVELOPMENT 3 credits
Study of a particular national or international regional development. Any one or a combination of following regions may be considered: Middle East, North Africa, areas within Latin America, Southern Europe, Southeast Asia or Eastern Europe.
670 INTERNATIONAL MONETARY ECONOMICS 3 credits
International financial relations. Foreign exchange market and exchange rate adjustments. Balance of payments adjustment policies. International monetary system.
671 INTERNATIONAL TRADE 3 credits
Traditional trade theory. Recent developments in trade theory, policy implications in trade relations among developed and developing economics.
683 MONETARY ECONOMICS 3 credits
Intensive study of important areas of monetary theory. Emphasis on integration of money and value theory among other areas, plus some pressing policy issues.
695 GRADUATE INTERNSHIP IN ECONOMICS 1-3 credits
Prerequisites: Eighteen credit hours of economics graduate courses. Career application of student’s graduate coursework. Supervisor reports and assignments required. May be repeated for a maximum of three credits.
697,8 READING IN ADVANCED ECONOMICS 1-4 credits each
(A maximum of six credits may be applied toward the master’s degree in economics.) Intensive investigation of selected problem area in advanced economics under supervision of instructor. Since the subject matter is decided upon in each case, the course may be taken repeatedly for credit.
699 MASTER’S THESIS 3 credits
May be repeated for a total of six credits.