M.S. Courses

View the Schedule of Classes.

ECON 8301 Microeconomic Theory I (3 credits)
Theory of unconstrained optimization; optimization subject to equality and inequality constraints, along with applications. Profit maximization, utility maximization and cost minimization, concave and quasi-concave functions, monotone comparative statics, duality theory, the envelope theorem and Le Chatelier principle, and the Kuhn–Tucker conditions. (Fall)
 
ECON 8302 Microeconomic Theory II (3 credits)
Expected utility theory, general equilibrium in a pure exchange economy and economy with production, welfare theorems and the core theory of the competitive firm in the short run and long run, monopoly and price discrimination, models of oligopoly. Prerequisite: Econ 8301.
 
ECON 8303 Microeconomic Theory III (3 credits)
Theory of games, including Nash equilibrium and its refinements and comparative statics, evolutionary game theory, multistage games and subgame perfection, repeated games and oligopolistic supergames, static and dynamic Bayesian games, auction theory, and bargaining theory. Prerequisite: Econ 8302. (Spring)
 
ECON 8305 Macroeconomic Theory I (3 credits)
Alternative theories of income, employment, and the price level; impact of monetary and fiscal policy; role of expectations in the economy; and microfoundations of macroeconomic models and dynamic analysis. (Fall)
 
ECON 8306 Macroeconomic Theory II (3 credits)
Extensions of alternative models of income determination, economic growth, and the application of analytical frameworks to the U.S. and international economies. Prerequisite: Econ 8305. (Spring)
 
ECON 8307 Macroeconomic Theory III (3 credits)
Extensions to stochastic and dynamic general equilibrium frameworks, with emphasis on economic policy. Prerequisite: Econ 8306.
 
ECON 8323–24 Monetary Theory and Policy (3 credits each)
Theory of monetary policy within the framework of contemporary American central banking. (Academic year)
 
ECON 8341–42 Labor Economics (3 credits)
Theory of wages and employment, analysis of labor supply and demand. Analysis of unemployment; unions; wage regulation. (Academic year)
 
ECON 8345–46 Industrial Organization (3 credits each)
Econ 8345: Economic theory and evidence regarding industrial market structure, conduct, and economic performance. Econ 8346: Economic issues in antitrust and government regulation of the U.S. economy. Econ 8345 is prerequisite to Econ 8346. (Academic year)
 
ECON 8351 Development Economics I (3 credits)
Major analytic concepts, measures, theoretical models, and empirical methods of development economics. (Fall)
 
ECON 8352 Development Economics II (3 credits)
Continuation of Econ 8351. In-depth examination of special research topics with emphasis on methods in applied microeconomics. (Fall and Spring)
 
ECON 8357 Regional Economics (3 credits)
Study of regional planning and growth models, including input–output, programming, and econometric models used by planning agencies; analysis of interregional production, trade, migration, firm location, and pricing models. (Fall)
 
ECON 8358 Urban Economics (3 credits)
Analysis of spatial relationships among economic activities within an urban area including the urban land, labor, and housing markets; urban transportation models; fiscal relationships among jurisdictions. (Spring)
 
ECON 8363 Public Finance I (3 credits)
Theoretical and empirical analysis of the economic role of the public sector and the effects of public expenditures on resource allocation and income distribution. Topics include public goods, externalities, social insurance, and benefit–cost analysis. (Fall)
 
ECON 8364 Public Finance II (3 credits)
Theoretical and empirical analysis of the effects of taxes and transfers on the allocation of resources and income distribution. Topics include partial and general equilibrium models of tax incidence, effects of taxes on labor supply, saving, and portfolio choices of households and on investment and financing decisions of firms. (Spring)
 
ECON 8375 Econometrics I (3 credits)
Statistical foundations for econometrics; standard methods of estimation and inference for classical and generalized regression models. Same as Stat 8375. (Fall)
 
ECON 8376 Econometrics II (3 credits)
Topics may include asymptotic theory, statistical endogeneity, instrumental variables estimation, discrete and limited dependent variable models, and time–series models. Prerequisite: Econ 8375. Same as Stat 8376. (Spring)
 
ECON 8377 Econometrics III (3 credits)
Econometric methods for systems of equations and panel data, with additional topics that may vary from year to year. Prerequisite: Econ 8376.
 
ECON 8378 Economic Forecasting (3 credits)
Introduction to the theoretical and applied aspects of economic forecasting. Topics include the role of forecasting, univariate time-series analysis, single equation models, multiple series models, and evaluation of forecasts. Prerequisite: Econ 8375 or equivalent or permission of instructor. (Spring)
 
ECON 8379 Laboratory in Applied Econometrics (3 credits)
Application of econometric theory and the use of econometric software; students are required to write an empirical research paper. The course usually deals exclusively with either micro or macroeconomic issues. May be repeated for credit provided the topic differs.
 
ECON 8381 International Trade Theory (3 credits)
International trade theory, including alternative models of the gains from trade and evaluations of the new justifications for protectionism, and analysis of commercial policy, factor flows, and trade and investment with multinational corporations. Prerequisite: most sections require calculus or permission of instructor. (Fall)
 
ECON 8382 International Finance and Open-Economy Macroeconomics (3 credits)
International finance, including alternative models of balance of payments behavior and adjustment, payments accounting, exchange markets, and alternative exchange-rate regimes. (Spring)
 
ECON 8383 International Financial Markets (3 credits)
Financial economics and international financial markets. Topics include standard asset pricing theory, uncertainty in open economy macroeconomics models, financial market micro-structure, and incomplete markets. (Fall)
 
ECON 8395 Advanced Special Topics (3 credits)
Topics vary depending upon current interests and faculty availability. Open to graduate students in economics. May be repeated for credit.