Economics Graduate Courses
The information below lists undergraduate courses
approved in this subject area effective Spring, 2005. Not all courses will
necessarily be offered this term.Please consult the Timetable for a listing
of courses that are offered for a specific term.
436. Mathematical Economics. 4 Hours.
Application of mathematics to theories of consumer and producer behavior, determination of prices in markets,
growth and stability features of macroeconomic models. Prerequisites: Econ 218 or 220; and either Math 165 or 180.
441. Teaching Methods in Economics. 4 Hours.
Credit earned in Econ 441 may not be used to satisfy Economics credit requirements for the MA or PhD
degrees given by the Department of Economics. Credit earned in Econ 441 may be applied toward the
degree as an elective. Develops skills in preparing and giving lectures and examinations,
computer usage and other aspects of teaching economics and consumer economics at secondary/higher
education levels. Prerequisite: one course in graduate-level microeconomics or macroeconomics.
450. Business Forecasting Using Time Series Methods. 4 Hours.
Same as IDS 476. Autoregressive, moving average, and seasonal models for time series analysis
and business forecasting. Forecasting using multivariable transfer function models is also
included. Prerequisite: IDS 371 or Econ 445 or consent of the instructor.
472. Real Estate Finance. 3 Hours.
Same as Fin 472. Finance principles applied to real estate; financing of residential and income-producing
real estate; real estate development finance; secondary mortgage market; taxation and real estate finance.
Prerequisite: Fin 300.
499. Independent Study in Economics. 1 to 3 Hours.
Independent study of a topic not covered in a graduate-level course. Prerequisites: Consent of the
Director of Graduate Studies and the instructor.
500. Managerial Economics. 4 Hours.
Economic analysis applied to business operations; demand theory; production cost analysis;
capital theory; pricing policies; capital budgeting. Prerequisite: Econ 501 or 520.
501. Microeconomics I. 4 Hours.
Theories of consumer and producer behavior and determination of market price. Systematic
treatment of the core of microeconomic theory. Prerequisites: Econ 220 and Math 165.
502. Microeconomics II. 4 Hours.
Advanced microeconomic theory. Theories of consumer behavior, uncertainty, general equilibrium,
welfare economics. Prerequisite: Econ 501.
504. The Economics of Organization of Business Enterprises. 4 Hours.
The economic reasons for the existence of firms, the determinants of firm size and the theory
of organizational structure. Prerequisite: Econ 501 or Econ 520.
511. Macroeconomics I. 4 Hours.
Static and dynamic theories of income, employment and the price level; advanced treatment of
consumption, investment, money demand and aggregate production functions; stabilization
theory and policy. Prerequisite: Econ 221.
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512. Macroeconomics II. 4 Hours.
Neoclassical and modern market-clearing models of real and monetary influences on economic growth,
inflation and business cycles. Prerequisite: Econ 511.
513. Special Topics in Macroeconomics and International Economics. 4 Hours.
Intense study of selected research topics in macroeconomics and international economics.
Topics may vary. Prerequisite: Econ 512.
514. International Trade Policy. 4 Hours.
Analysis of effects of tariff and nontariff policy on flow of trade and distribution of income within
and between countries; policy implications of factor price equalization; stability conditions for balance
of payments equilibrium. Prerequisite: Econ 501 or 520 or 521.
515. International Monetary Policy. 4 Hours.
Capital mobility and stabilization policy under fixed and flexible exchange rates;
optimum currency areas; reform of international monetary system; problems of liquidity
adjustment and confidence. Prerequisite: Econ 511 or 521.
516. Economic Development in an Interdependent World. 4 Hours.
Theoretical and empirical studies of economic development with intersectoral and
international perspectives; structural change and resource reallocation; factor proportions,
substitutability, and movement; export-led growth. Prerequisite: Econ 501 or 520 or consent of the instructor.
519. International Economics. 4 Hours.
Comparative advantage. Trade policy. Custom unions and free-trade areas. Balance of payments and
foreign-exchange markets. Capital mobility and other globalization issues. Stabilization policy. Monetary integration.
Prerequisite: Econ 520
520. Microeconomics for Business Decisions. 4 Hours.
Credit is not given for Econ 520 if the student has credit in Econ 501 or 540 or MBA 502.
Efficient allocation of resources by consumers, profit and nonprofit firms and government,
regulation of industry, monopoly and imperfect competition, business ethics and the market place,
efficiency vs. equity, social welfare. Prerequisite: Math 165 or 181 or the equivalent.
521. Macro and International Economics for Business. 4 Hours.
credit is not given for Econ 521 if the student has credit in Econ 511 or MBA 502 and 508.
Impact of the macro economy and international economics on business decisions. Effects of
governmental regulation and social environment on investment and production decisions. Effects
of international differences in economic conditions, regulation and social environment.
Prerequisite: Econ 520 or consent of the instructor.
531. Labor Economics I. 4 Hours.
Determinants of wage differentials; analysis of determinants and consequences of investments in
human capital (schooling, on-the-job training, health); labor mobility, supply and
allocation of time. Prerequisite: Econ 501 or 520.
532. Labor Economics II. 4 Hours.
Impact of training, legislation, institutional constraints, and discrimination on the labor market.
Focus on demographic groups (race, nativity, ethnicity, gender). Prerequisite: Econ 501 or 520.
533. Economic Development and Human Resources. 4 Hours.
Economic theory applied to less developed countries, focusing on human aspects of development.
Household economy, employment, earnings; labor productivity, unemployment; migration, population
growth, income distribution. Prerequisite: Econ 501 or 520.
534. Econometrics I. 4 Hours.
Detailed treatment of the multivariate linear regression model using matrix algebra.
Emphasis on formulating and testing static and dynamic econometric models.
Prerequisite: Econ 445 or IDS 532.
535. Econometrics II. 4 Hours.
Detailed treatment of simultaneous equations estimation; evaluation of alternative estimators;
problems of estimation including PROBIT, LOGIT, TOBIT and Error
Component Models. Prerequisite: Econ 534.
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536. Advanced Mathematical Economics. 4 Hours.
Mathematics theory and applications, including calculus and linear algebra, to theories of consumer
and producer behavior, general equilibrium, welfare economics, externalities, and social choice.
Prerequisite: Math 181.
537. Business Research and Forecasting I. 4 Hours.
Same as IDS 582. The role of research in business; forecasting methods and techniques,
including models and their applications. Prerequisite:
Econ 534 or IDS 532 or the equivalent.
538. Business Research and Forecasting II. 4 Hours.
Same as IDS 583. The role of research in business; forecasting methods and techniques,
including multivariate time series models and their applications. Prerequisite: Econ 537.
539. Microeconometrics. 4 Hours.
Application of econometric techniques to empirical problems in microeconomics with emphasis on issues
of identification and causality; and the selection, implementation and testing of statistical models.
540. Economics for Non-Economists. 4 Hours.
Basic introduction to economics for graduate and professional school students. Supply/demand, opportunity cost,
economic behavior of consumers/business firms, macroeconomy, inflation and business cycles.
551. Economics of Education. 4 Hours.
Basic concepts and tools of economics applied to education. Economic implications of educational
outcomes for the economy, and for socio-economic structure (e.g., income distribution, fertility patterns,
ethnic group differences). Prerequisite: Econ 501 or 520.
552. Economic Demography. 4 Hours.
Economic analysis of fertility (number and timing of children), mortality, marriage and divorce,
population age structure, the relationship between population growth and economic development.
Prerequisite: Econ 501 or 520.
555. Advanced Health Economics. 4 Hours.
Topics in the supply and demand for health services; the role of insurance in the medical care
industry; public policy issues of cost and quality regulation. Prerequisite: Econ 501 or 502 or
consent of the instructor.
560. Industrial Organization. 4 Hours.
Analysis of industry structure, behavior and performance; firms in imperfect competition;
concentration measurement; oligopoly theory; cartels; price discrimination; vertical and
horizontal integration. Prerequisite: Econ 501 or 502 or consent of the instructor.
570. Environmental and Natural Resource Economics. 4 Hours.
Analytical methods for evaluating the impacts and control costs of pollution externalities and
natural resource changes. Consequent implications for public and business policy.
Prerequisite: Econ 501 or Econ 520 or MBA 502.
571. Urban Real Estate and Land Economics. 4 Hours.
Economic analysis of urban real estate and land. Real estate appraisal. Demand for urban land;
supply of land and improvements. Prerequisite: Econ 501 or 520.
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572. Urban Economics. 4 Hours.
Urban economic models and economic analysis of urban problems. Firm location, housing, transportation,
local public finance. Prerequisite: Econ 501 or 520.
574. Comparative Urbanization. 4 Hours.
Process of urbanization in different economic and social contexts. Urban growth, primacy, city size,
distribution, urban hierarchy, core and periphery. Relationship with economic development.
Prerequisite: Econ 501 or 520 or consent of the instructor.
575. Economic Analysis of Public Expenditures. 4 Hours.
Microeconomic theory as applied to public expenditure decisions; externalities, shadow prices
and investment criteria in cost-benefit analysis; uncertainty and the value of life; extensive
illustrative case studies. Prerequisite: Econ 501 or 520.
576. Economics of Taxation. 4 Hours.
Analysis of the effects of taxation on economic behavior; taxation and public choice;
the effects of taxation on the distribution of income; theory and empirical analysis of
welfare effects of taxes; optimal tax theory; issues in tax policy and tax reform.
Prerequisite: Econ 501 or 520.
592. Workshop in Economics. 4 Hours.
Bridges the transition from coursework to dissertation research. The nature of a Ph.D. dissertation,
topic selection, career design, research support networks. Students define a potential dissertation
topic, survey the literature, and present it in class. Prerequisite: Comprehensive exams in micro and macro.
593. Internship Program. 0 to 8 Hours.
Under the direction of a faculty supervisor, students work in government or a private firm on problems
related to their major field of interest. Specific credit allotted is determined by the Graduate
Curriculum Committee after receiving the supervisor's recommendation. Prerequisites: Completion of
the core courses in the degree program in which the student is enrolled and approval of the internship
program by the graduate adviser and the Graduate Curriculum Committee.
596. Independent Study. 1 to 4 Hours.
Independent study under faculty supervision. Prerequisite: Consent of the Instructor and Head of Department.
598. Master's Thesis Research. 0 to 16 Hours.
S/U grade only. May be repeated for credit. Students may register for more than one section per term.
Research on M.A. thesis. Prerequisite: Consent of the chair of the thesis committee.
599. Ph.D. Thesis Research. 0 to 16 Hours.
S/U grade only. May be repeated for credit. Students may register for more than one section per term.
Research on a Ph.D. thesis. Prerequisite: Consent of the chair of the thesis committee.
Course Information Last Updated: March 21, 2005
This listing is for informational purposes only and does not constitute a contract.
Every attempt is made to provide the most current and correct information. Courses listed
here are subject to change without advance notice.
Courses are not necessarily offered every term or year. Individual departments or units should
be consulted for information regarding the frequency of course offerings.
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