Course Descriptions

ECON 507 - (3) (IR)
British Economic History Since 1850
Prerequisite: Permission of instructor
Study of the structure, performance, and policy in the British economy since 1850, focusing on the causes and consequences of Britain’s relative economic decline.

ECON 509 - (3) (Y)
Introduction to Mathematical Economics I
Prerequisites: One semester of calculus plus one additional semester of college mathematics or permission of instructor
Study of topics in univariate and multivariate calculus and linear algebra. Includes applications to the theory of economic statics.

ECON 510 - (3) (Y)
Introduction to Mathematical Economics II
Prerequisite: ECON 509 or permission of instructor
Study of topics in the theories of difference and differential equations and dynamic optimization. Includes applications to the theory of economic dynamics.

ECON 572 - (3) (Y)
Introductory Econometrics
Prerequisites: ECON 371 or the equivalent and one semester of calculus
Meets concurrently with ECON 372. The application of statistical methods to the testing and estimation of economic relations; the development of the linear regression model including hypothesis testing, specification, instrumental variables, generalized least squares; and an introduction to identification and estimation of simultaneous equation models.

ECON 701 - (3) (Y)
Microeconomic Theory I
Prerequisite: Graduate standing or permission of instructor
Study of the theory of consumer and producer choice. Includes partial equilibrium analysis of competitive and imperfectly competitive markets.

ECON 702 - (3) (Y)
Macroeconomic Theory I
Prerequisite: Graduate standing or permission of instructor
Introduction to macroeconomic theory, with an emphasis on economic growth and the business cycle.

ECON 703 - (3) (Y)
Microeconomic Theory II
Prerequisite: ECON 701 or permission of instructor
Study of general equilibrium analysis, welfare economics, externalities, and public goods.

ECON 704 - (3) (Y)
Macroeconomic Theory II
Prerequisite: ECON 702 or permission of instructor
Study of advanced topics in the theory of money and income.

ECON 771 - (3) (Y)
Econometrics I
Prerequisite: Graduate standing or permission of instructor
Study of the concepts and basic techniques of probability theory and statistical inference.

ECON 772 - (3) (Y)
Econometrics II
Prerequisite: ECON 771 or permission of instructor
Development of the linear and non-linear regression models including hypothesis testing, specification, instrumental variables, generalized least squares, and asymtotic distribution theory. Includes an introduction to identification and estimation of simultaneous equation models.

ECON 791, 792 - (3) (Y)
Guided Study in Economic Theory and Policy
Prerequisite: Permission of instructor
Study of selected topics in economics.

ECON 801 - (3) (Y)
Microeconomic Theory III
Prerequisite: ECON 703 or permission of instructor
Study of advanced topics in microeconomic theory such as uncertainty, imperfect information, imperfect competition, game theory, capital theory and dynamic analysis.

ECON 803 - (3) (Y)
Advanced Economic Theory I
Prerequisite: ECON 703 or permission of instructor
Study of advanced topics in economic theory. Specific topics vary from year to year. Recent examples are models of Bayesian learning, the economics of uncertainty, and game theory.

ECON 804 - (3) (Y)
Advanced Economic Theory II
Prerequisite: ECON 703 or permission of instructor
Study of advanced topics in economic theory. Specific topics vary from year to year. Recent examples are models of financial intermediation, endogenous growth, and alternatives to expected utility theory.

ECON 805 - (3) (IR) American Economic History
Prerequisite: Graduate standing or permission of instructor
Study of the economic evolution of the United States.

ECON 806 - (3) (IR) Topics in Economic History
Prerequisite: ECON 805 or permission of instructor
Study of selected topics in economic history.

ECON 811 - (3) (IR) Foundations of Modern Economic Thought
Prerequisite: Graduate standing or permission of instructor
Study of the development of classical economic thought from Adam Smith to Karl Marx.

ECON 812 - (3) (IR) Seminar in the History of Thought
Prerequisite: ECON 701 or permission of instructor
Study of topics in the history of economic thought.

ECON 815 - (3) (Y)
Economics of Labor Markets
Prerequisite: ECON 703 and ECON 772 or permission of instructor
Introduction to labor economics, including economic aspects of employment, wages, schooling, labor unions, and discrimination.

ECON 816 - (3) (Y)
Seminar in Labor Economics and Development
Prerequisites: ECON 815 and ECON 772
Study of advanced topics in labor economics, emphasizing applications to developing countries. Cross-listed as ECON 852.

ECON 817 - (3) (Y)
Industrial Organization I
Prerequisite: ECON 703 or permission of instructor
Study of the industrial structure of the economy and its effects on allocation of resources.

ECON 818 - (3) (Y)
Industrial Organization II
Prerequisite: ECON 817 or permission of instructor
Advanced study of selected problems in industrial organization.

ECON 821 - (3) (Y)
International Trade Theory
Prerequisite: ECON 703 or permission of instructor
Study of the theory of international trade and analysis of the economic effects of tariffs, quotas, and other departures from free trade.

ECON 822 - (3) (Y)
International Finance
Prerequisite: ECON 702 or permission of instructor
Topics include the balance of payments, long-term and short-term capital movements, the international money market, international monetary standards, international equilibrium and the mechanism of adjustment, exchange variations, and the objectives of international monetary policies.

ECON 831 - (3) (Y)
Public Economics I
Prerequisite: ECON 703 or permission of instructor
Topics include the justifications for government activities; principles of program analysis; illustrative theoretical and empirical analysis of expenditure programs; and theories of political processes.

ECON 832 - (3) (Y)
Public Economics II
Prerequisite: ECON 703 or permission of instructor
Study of the foundations of excess burden, incidence analysis, and optimal taxation; studies of taxation; general equilibrium analysis for tax policy; and the study of tax reform.

ECON 833 - (3) (Y)
Theory of Financial Markets
Prerequisite: ECON 771 or permission of instructor
Study of the theory and operation of financial markets.

ECON 834 - (3) (Y)
Derivative Securities
Prerequisites: ECON 701, ECON 771 or permission of instructor
Study of the theory of options pricing and other derivative assets.

ECON 835 - (3) (Y)
Monetary Economics I
Prerequisite: ECON 704 or permission of instructor
Advanced study of selected monetary topics, emphasizing theoretical issues.

ECON 836 - (3) (Y)
Monetary Economics II
Prerequisite: ECON 704 or permission of instructor
Advanced study of selected monetary topics, emphasizing empirical issues.

ECON 851 - (3) (Y)
Topics in Growth Theory
Prerequisite: ECON 704 or permission of instructor
An empirical and theoretical study of the issues related to economic development, emphasizing endogenous growth models. Topics include human capital, R & D, learning by doing, fiscal policy, trade, and financial development.

ECON 852 - (3) (Y)
Economics of Underdeveloped Areas
Cross-listed as ECON 816.

ECON 871 - (3) (Y)
Cross Section Econometrics
Prerequisite: ECON 772 or permission of instructor
Study of econometric tools for the analysis of cross-section and qualitative data.

ECON 872 - (3) (Y)
Time Series Econometrics
Prerequisite: ECON 772 or permission of instructor
Study of econometric techniques for the analysis of economic time series.

ECON 882 - (3) (Y)
Experimental Economics
Prerequisite: ECON 701 or permission of instructor
Analysis of the use of laboratory methods to study economic behavior. Topics include experimental design, laboratory technique, and nonparametric analysis of data. Emphasizes using controlled observations to evaluate alternative economic theories and policies. Applications include bargaining, auctions, oligopoly, asymmetric information, voting, public goods, financial markets, and tests of expected utility and game theories.

ECON 891 - (3) (Y)
Applied Microeconomics Workshop
Prerequisite: Third-year status or permission of instructor
Study of Current research in applied microeconomics.

ECON 892 - (3) (Y)
Macroeconomics Workshop
Prerequisites: Third-year status or permission of instructor
Study of current research in macroeconomics.

ECON 893 - (3) (Y)
Economic Theory Workshop
Prerequisite: Third-year status or permission of instructor
Study of current research in economic theory.

ECON 894 - (3) (Y)
International Trade and Development Workshop
Prerequisite: Third-year status or permission of instructor
Study of current research in finance.

ECON 895 - (3) (Y)
Public Economics Workshop
Prerequisite: Third-year status or permission of instructor
Study of current research in public economics.

ECON 896 - (3) (Y)
Econometrics Workshop
Prerequisite: Third-year status or permission of instructor
Study of current research in econometrics.

ECON 897 - (1-12) (S-SS)
Non-Topical Research, Preparation for Research
For master’s research, taken before a thesis director has been selected.

ECON 898 - (1-12) (S-SS)
Non-Topical Research
For master’s thesis, taken under the supervision of a thesis director.

ECON 995 - (3) (SI)
Selected Research Problems in Economics I
Advanced research into specific economic problems under detailed faculty supervision.

ECON 996 - (3) (SI)
Selected Research Problems in Economics II
Continuation of ECON 995.

ECON 997 - (1-12) (S-SS)
Non-Topical Research, Preparation for Doctoral Research
For doctoral research, to be taken only in the first semester after passing a field exam, and before a dissertation director has been selected.

ECON 998 - (1-12) (S-SS)
Non-Topical Research
For doctoral research, taken under the supervision of the second reader or prospective second reader.

ECON 999 - (1-12) (S-SS)
Non-Topical Research
For doctoral dissertation, taken under the supervision of the first reader or prospective first reader.

Continue to: Departmental Degree Requirements
Return to: Chapter 5 Index