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Graduate Economics (ECON)

The minimum prerequisite for 50000-69999 level courses is graduate standing. The minimum prerequisite for courses 70000 and higher is doctoral standing. Additional prerequisites may apply and are listed in this catalog.

52040 Introduction to Econometrics (3)
Application of economic models, probability distributions, estimation, estimators, and regression and correlation as tools in economic analysis.

 52045 Mathematical Economics (3)
Systematic exposition of mathematical techniques and their application to economic analysis. Among topics that may be covered are: sets, relations/functions, matrix algebra, differential and integral calculus and optimization techniques.

52065 Problems of Monetary and Fiscal Policy (3)
Analysis of objectives, techniques and economic effects of monetary and fiscal policies.

52068 Industrial Organization and Public Policy (3)
Theoretical, empirical and critical examination of structure, operation and performance of industrial markets in American economy.

52076 Economic Development (3)
Analysis of nature and significance of barriers to and future potential for economic development of a nation. Special emphasis on theories and strategic factors pertaining to economic growth.

52078 Economic History of Technological and Industrial Development (3)
Historical survey of major economic and technological developments in Western countries from the Middle Ages to the 20th century.

52080 Regional Economics (3)
Examines techniques of regional economic analysis to promote understanding of interregional disparities in developed nations and suggests policy alternatives for alleviating problems arising from disparities.

52081 Urban Economics (3)
Application of economic principles to urban spatial patterns, economic development, and public policy in housing, transportation, pollution, welfare, etc.

52083 History of Economic Thought (3)
Economic thought from Mercantilist Period to early 20th century, especially emphasizing theories of Classical school, Marginalists, Marx and Neoclassicists.

52085 Public Finance (3)
Examination of public expenditure and taxation policies including the theory of public goods, collective decision making, cost-benefit analysis, equity and efficiency aspects of taxation and current government policy issues. Prerequisite: ECON 22060.

52086 Economics of Health Care (3)
Overall objective is to use economic analysis to understand and evaluate what has and is happening to the health care profession and current health care policies under consideration. Topics include issues such as Medicare, health care reform, HMOs and increasing costs in health care. Prerequisite: ECON 62022.

52087 Law and Economics (3)
A study of the economic foundations of the legal system and the impact of legal systems on market behavior. Prerequisite: special approval.

52291 Variable Content Seminar in Economics (1-4)
Various special seminars will be announced in the Schedule of Classes under this course number. Repeatable for a total of 12 hours. Prerequisite: special approval.

52293 Variable Topic Workshop in Economics (1-6)
Various special workshops will be announced in the Schedule of Classes under this course number. Repeatable for a total of 18 hours. S/U grading. Prerequisite: special approval.

52295 Special Topics in Economics (3)
Various special topics will be announced in the Schedule of Classes under this course number. Repeatable for a total of 9 hours. Prerequisite: special approval.

52297 Variable Topic Colloquium in Economics (1-3)
Various special colloquia will be announced in the Schedule of Classes under this number. Repeatable for a total of 9 hours. Prerequisite: special approval.

62010 Survey of Economics (3)
Survey of basic economic concepts and methods of analysis of both micro- and macroeconomics. Emphasis is placed on the use and relevance of economic concepts and tools in business decision-making.

62015 Economics of Information (3)
Introduction to micro-economic theory and decision-making and its applications to the information economy. Overview of the economics of information. Consumer behavior and production theory; the demand for information; information as a factor of production; information cost and pricing. Case studies in the information industry.

62021 Busines Conditions Analysis and Public Policy (3)
(Cross-listed with BAD 72021) Analysis of forces determining economic growth, employment, inflation and international competitiveness, with emphasis on understanding the business cycle and government stabilization policies. Pre-/corequisite: BAD 64005.

62022 Managerial Economics (3)
(Cross-listed with BAD 72022) Uses economic theory and quantitative methodologies to develop decision-making skills that enable managers of local, national and multinational companies to evaluate problems and allocate resources efficiently. Prerequisite: BAD 64005, and MATH 11012, MATH 12002 or ECON 62010.

62050 Micro-economic Theory I (3)
(Cross-listed with BAD 72050) Comprehensive analysis of methodology of economics, consumer behavior, production and costs, the firm, markets and welfare economics. It would be useful if the student had some facility in integral and differential calculus. Prerequisite: ECON 62022.

62051 Macroeconomic Theory I (3)
(Cross-listed with BAD 72051) Analysis of the determination of the level of income, employment, inflation, economic growth, consumption, investment, money demand and supply, the international sector, and economic policy are discussed. Prerequisite: ECON 62021 and ECON 62022.

62054 Econometrics I (3)
(Cross-listed with BAD 72054) Introduction to problems and methods of the empirical estimation of economic relationships.

62055 Econometrics II (3)
(Cross-listed with BAD 72055) Covers generalized linear regression, mixed estimation, simultaneous equation systems, their identification and estimation by single equation and systems estimation. Prerequisite: ECON 62054.

62056 Time Series Analysis (3)
Covers various linear and non-linear time series models, market risk and value at risk (VAR). Students will gain hands on-experience with all models learned in the course. This course uses advanced analytical software and hardware on the financial engineering trading floor. Prerequisite: special approval of instructor.

62061 Monetary Theory and Policy (3)
(Cross-listed with BAD 72061) A study of the nature and definition of money, its relationship to prices, output, employment and interest rates, and problems related to the conduct of monetary policy. Prerequisite: ECON 62021.

62071 Labor Economics (3)
(Cross-listed with BAD 72071) Theoretical and applied analyses of wage determination, the supply of skills, labor market discrimination, and the effects of trade unions and government policies. Prerequisite: ECON 62022.

62075 International Trade (3)
(Cross-listed with BAD 62075) Study of modern international trade theory and policy, including free trade areas, international trade organizations, current issues in international trade, and the effect of international trade on domestic policy. Prerequisite: ECON 62021  and ECON 62022.

62076 International Finance (3)
(Cross-listed with BAD 72076) Study of the international monetary relations between nations, including the determination of exchange rates, managed exchange rate policies, balance of payments crises, optimum currency areas and international capital flows. Prerequisite: ECON 62021.

62077 Economic Problems of Developing Areas (3)
(Cross-listed with BAD 72077) In-depth analysis of selected topics and issues in development economics. Prerequisite: ECON 52076.

62078 Seminar in International Economics (3)
(Cross-listed with BAD 72078) Analysis of recent contributions and current problems in international trade and finance. Prerequisite: ECON 62075 and 62076.

62092 Internship in Economics (3)
Supervised practical experience in economics. Eligibility requirements available from the internship coordinator. S/U grading. Prerequisite: Admission to the M.A. in Economics program and permission.

62096 Independent Study (1-3)
Independent study on a particular project or sequence of subjects. Maximum of 6 semester hours of work may be earned in independent study, although no more than 3 hours in any one semester. IP permissible. Prerequisite: Special approval.

62098 Research (1-15)
Research for master's students. May apply toward degree requirements if approved in advance by department. Repeat registration permitted.

62180 Regional Economics (3)
(Cross-listed with BAD 72180) Examines techniques of regional economic analysis with the object of promoting understanding of interregional disparities in developed nations and policies for alleviating problems arising from disparities.

62182 Public Expenditure and Cost Benefit Analysis (3)
(Cross-listed with BAD 72182) Theoretical and applied aspects of public expenditure and cost benefit analysis. Uses economic theory to appraise public expenditure alternatives in advanced and developing countries. Prerequisite: ECON 62022.

62199 Thesis I (2-6)
Thesis students must register for total of 6 hours, 2 to 6 hours in a single semester, distributed over several semesters if desired. S/U grading; IP permissible. Prerequisite: special approval of advisor.

62299 Thesis II (2-6)
Thesis students must continue registration each semester until all degree requirements are met. S/U grading; IP permissible. Prerequisite: ECON 62199.

64004 Quantitative Methods in Busines Administration I (3)
(Cross-listed with BAD 74004) Introduction to fundamentals of matrix algebra, differential calculus and linear programming. Both algebraic and transcendental functions are included in discussion.