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Graduate Degree Programs

Economics (ECON)

ECON 400M Honors Seminar in Economics (3-12) Readings, discussion, and oral and written reports on selected topics in economics.
Effective: Fall 2016
Prerequisite: ECON 302 andECON 304 and fifth-semester standing and admission into the Economics Department Honors Program.  

ECON 401 History of Economic Thought (3) Survey of economic ideas from Greco-Roman times to the present.
Effective: Spring 2001
Prerequisite: ECON 302 orECON 304  

ECON 402 Decision Making and Strategy in Economics (3) Development and application of the tools for decision making under uncertainty and for game theoretic analysis of economic problems.
Effective: Fall 2016
Prerequisite: ECON 302 andECON 106 orSCM 200 orSTAT 200  

ECON 403 The Economics of Arts and Entertainment (3) Supply and demand of creative goods and services; industry structures; role of information; policy issues.
Effective: Spring 2013
Prerequisite: ECON 302 andECON 306  

ECON 404 Current Economic Issues (3) An analytical survey of significant problems of current economic policy and the application of economic analysis to important social issues.
Effective: Summer 2016
Prerequisite: ECON 302 orECON 304  

ECON 404W Current Economic Issues (3) An analytical survey of significant problems of current economic policy and the application of economic analysis to important social issues.
Effective: Spring 1993
Prerequisite: ECON 302 orECON 304  

ECON 406 The Economics of Social Conflict (3) Economic theory of the resolution of social conflicts: social choice theory, voting, noncooperative games, voluntary trade, and allocation by force.
Effective: Fall 2016
Prerequisite: ECON 302 andMATH 110 orMATH 140  

ECON 406W The Economics of Social Conflict (3) Economic theory of the resolution of social conflicts: social choice theory, voting, noncooperative games, voluntary trade, and allocation by force.
Effective: Summer 2008
Prerequisite: ECON 402 andMATH 110 orMATH 140  

ECON 407 Political Economy (3) Applications of the tools of game theory to analyze topics in collective decision making.
Effective: Fall 2016
Prerequisite: ECON 302  

ECON 407W Political Economy (3) Applications of the tools of game theory to analyze topics in collective decision making.
Effective: Summer 2008
Prerequisite: ECON 402  

ECON 408 Intellectual Property (3) A comparative and cost-benefit analysis of intellectual property that examines patents, copyrights, governmental supported research, and prizes.
Effective: Spring 2013
Prerequisite: ECON 402 orECON 444  

ECON 408W Intellectual Property (3) A comparative and cost-benefit analysis of intellectual property that examines patents, copyrights, government supported research, and prizes.
Effective: Summer 2008
Prerequisite: ECON 402 orECON 444  

ECON 409 Economics of Terrorism (3) Terrorism throughout history; economic causes, costs, sources, and consequences.
Effective: Spring 2013
Prerequisite: ECON 402  

ECON 409W Economics of Terrorism (3) Terrorism throughout history; economic causes, costs, sources, and consequences.
Effective: Summer 2008
Prerequisite: ECON 402  

ECON 410 Economics of Labor Markets (3) Economic analysis of the employment relationship from the microeconomic perspective, with emphasis on current labor-market problems and public policy issues.
Effective: Spring 2011
Prerequisite: ECON 102  

ECON 411 Behavioral Economics (3) Topics in behavioral economics; selected games; evolutionary models of social behavior, herding, overconfidence.
Effective: Spring 2013
Prerequisite: ECON 402 orECON 444  

ECON 411W Behavioral Economics (3) Topics in behavioral economics; selected games; evolutionary models of social behavior; culture and social behavior; herding; overconfidence.
Effective: Summer 2008
Prerequisite: ECON 402 orECON 444  

ECON 412 Labor Economics and Labor Markets: Theory, Evidence, and Policy (3) Advanced topics in labor economics: theory, empirical evidence, and policy.
Effective: Fall 2016
Prerequisite: ECON 306 andECON 302 orECON 315  

ECON 413 Economic Growth and the Challenges of World Poverty (3) Challenges imposed by poverty; growth; growth rates; microfinance; foreign aid.
Effective: Fall 2016
Prerequisite: ECON 304  

ECON 413W Economic Growth and the Challenge of World Poverty (3) Economic prosperity in historical perspective; recent successes (East Asia, China, India); ongoing challenges (the bottom billion; sub-Saharan Africa).
Effective: Summer 2008
Prerequisite: ECON 471  

ECON 414 The Economic Way of Looking at Life (3) Economics/life according to Gary Becker: criminal behavior; economics of the family (marriage, divorce, intrahousehold resource allocation, bequests), policy issues.
Effective: Fall 2016
Prerequisite: ECON 302 orECON 315  

ECON 415 The Economics of Global Climate Change (3) Evidence on climate change; economic models of the environment and market failure; cost-benefit analysis of policy options; carbon markets.
Effective: Spring 2013
Prerequisite: ECON 302 andECON 306  

ECON 415W The Economics of Global Climate Change (3) Evidence on climate change; economic models of the environment and market failure; cost-benefit analysis of policy options; carbon markets.
Effective: Summer 2008
Prerequisite: ECON 428  

ECON 417 The Economics of Uncertainty (3) Uncertainty and Risk as related to finance, insurance, health, labor, industrial organization, and macroeconomics.
Effective: Fall 2016
Prerequisite: ECON 302  

ECON 417W The Economics of Uncertainty (3) Uncertainty is examined in contracts, with an emphasis on limited liability. Asymmetric information and economic puzzles are also considered.
Effective: Summer 2008
Prerequisite: ECON 402 orECON 444  

ECON 421 Analysis of Economic Data (3) Economic analysis of data: sources, variable definitions, miscodings, missing observations, censoring and truncation, applications.
Effective: Summer 2008
Prerequisite: ECON 402 orECON 451;ECON 490  

ECON 422 Applying Monetary Theory and Monetary History (3) Monetary history is examined. Special attention is paid to commodity-based systems, private money, and government monopolies on currency.
Effective: Spring 2013
Prerequisite: ECON 451  

ECON 422W Applying Monetary Theory to Monetary History (3) Monetary history is examined. Special attention is paid to commodity-based systems, private money, and government monopolies on currency.
Effective: Summer 2008
Prerequisite: ECON 451  

ECON 424 Income Distribution (3) Inequality and poverty in the United States, measurement problems, determinants of inequality, arguments for and against equality, impact of redistributive policies.
Effective: Fall 1992
Prerequisite: ECON 302, ECON 315 orECON 323  

ECON 425 Economics of Public Expenditures (3) Analytic and policy aspects of public expenditure decisions; applications from areas of contemporary public interest.
Effective: Summer 1992
Prerequisite: ECON 302 orECON 323  

ECON 427 Economics of Energy and Energy Security (3) Energy economics studies topics related to the supply, energy markets, and environmental impacts of energy use.
Effective: Spring 2013
Prerequisite: ECON 302  

ECON 428 Environmental Economics (3) Environmental pollution, the market economy, and optimal resource allocation; alternative control procedures; levels of environmental protection and public policy.
Effective: Summer 1992
Prerequisite: ECON 302 orECON 323  

ECON 429 Public Finance and Fiscal Policy (3) Analysis of public revenue and expenditure structure primarily at the federal level; federalism; fiscal policy and public debt.
Effective: Fall 1983
Prerequisite: ECON 323;ECON 302 orECON 304  

ECON 430 Regional Economic Analysis (3) Analysis of personal and industrial location decisions, regional economic growth, migration patterns, and regional policy; emphasis on tools and techniques.
Effective: Spring 2011
Prerequisite: ECON 102 orECON 104  

ECON 432 Urban Economics (3) Theories and methods for economic analysis of such urban problems as housing, segregation, government services, and transportation.
Effective: Summer 1992
Prerequisite: ECON 302 orECON 323  

ECON 433 Advanced International Trade Theory and Policy (3) Causes/consequences of trade; effects of tariffs and quotas; strategic trade policy; political economy of trade restrictions and other topics.
Effective: Summer 1992
Prerequisite: ECON 302 orECON 333  

ECON 434 International Finance and Open Economy Macroeconomics (3) Trade balance movements, exchange rate determination; monetary and fiscal policies in open economies; international policy coordination; the world monetary system.
Effective: Spring 1992
Prerequisite: ECON 304 orECON 333  

ECON 436 Economics of Discrimination (3) Analysis of the economic characteristics of women and minorities; with examination of race and sex discrimination and related government policies.
Effective: Spring 2013
Prerequisite: ECON 302 orECON 315  

ECON 436W (US) Economics of Discrimination (3) Analysis of the economic characteristics of women and minorities, with examination of race and sex discrimination and related government policies.
Effective: Fall 2007
Prerequisite: ECON 302 orECON 315  

ECON 437 Multinationals and the Globalization of Production (3) Globalization entails many dimensions: trade, migration, FDI, offshoring, cross-border licensing of technologies.
Effective: Fall 2016
Prerequisite: ECON 302 orECON 333  

ECON 437W Multinationals and the Globalization of Production (3) This course will focus on trade, multinationals and offshoring, and explore their implications for the U.S. and developing countries.
Effective: Summer 2008
Prerequisite: ECON 433  

ECON 438 Winners and Losers from Globalization (3) Globalization, US, International, Trade, Finance, Growth, Labor, Industrial Organization, Political Economics.
Effective: Fall 2016
Prerequisite: ECON 306, ECON 302 orECON 333  

ECON 438W Winners and Losers from Globalization (3) The economic effects of globalization on individuals, governments, nation- states and business.
Effective: Summer 2008
Prerequisite: ECON 433 andECON 490  

ECON 442 Managerial Economics (3) Application of economic theory to managerial decision making; risk, uncertainty; models and statistical techniques.
Effective: Spring 2011
Prerequisite: ECON 102  

ECON 443 Economics of Law and Regulation (3) An economic analysis of property rights, contractual arrangements, illegal activities, and regulation; competitive problems due to externalities and market failure.
Effective: Summer 1992
Prerequisite: ECON 302 orECON 342  

ECON 444 Economics of the Corporation (3) Coordination and incentive issues within a corporation. Topics include employment contracts, performance incentives and pricing of financial assets.
Effective: Summer 1997
Prerequisite: ECON 302  

ECON 445 (H P A 445) Health Economics (3) Economic analysis of U.S. health care system; planning, organization, and financing; current public policy issues and alternatives.
Effective: Spring 1994
Prerequisite: ECON 302, ECON 315 orECON 323  

ECON 445W (H P A 445W) Health Economics (3) Economic analysis of U.S. health care system; planning, organization, and financing; current public policy issues and alternatives.
Effective: Spring 2008
Prerequisite: ECON 302, ECON 315 orECON 323  

ECON 446 Economics of Industry Evolution (3) Dynamics of industry evolution; empirical evidence and theoretical modeling of firm entry, growth, and exit; entrepreneurship; investment and strategic behavior.
Effective: Fall 2016
Prerequisite: ECON 302 andECON 306  

ECON 446W Economics of Industry Evolution (3) Dynamics of industry evolution; empirical evidence and theoretical modeling of firm entry, growth, and exit; entrepreneurship; investment and strategic behavior.
Effective: Summer 2008
Prerequisite: ECON 444 andECON 490  

ECON 447 Economics of Sports (3) Topics in sports; demand, owners, ticket resale, leagues, markets, efficiency, antitrust, discrimination, collegiate sports.
Effective: Spring 2013
Prerequisite: ECON 302 orECON 306  

ECON 447W Economics of Sports (3) Examination of economic issues pertaining to professional and collegiate sports, including analysis of industrial organization, labor markets, and local economies.
Effective: Spring 2009
Prerequisite: ECON 302 andECON 490  

ECON 448 Economics of Auctions and Procurements (3) Theoretical and empirical analyses of auctions and procurements; different modeling environments; econometric analysis of auction and procurement data.
Effective: Fall 2016
Prerequisite: ECON 302 andECON 306  

ECON 448W Economics of Auctions and Procurements (3) Theoretical and empirical analyses of auctions and procurements; different modeling environments; econometric analysis of auction and procurement data.
Effective: Summer 2008
Prerequisite: ECON 402 orECON 444 andECON 490  

ECON 449 Economics of Collusion (3) Collusion, Bidding Rings, Antitrust, Price Fixing, Incentives, Law
Effective: Spring 2013
Prerequisite: ECON 302 orECON 342 andECON 306  

ECON 449W Economics of Collusion (3) Theoretical and empirical analysis of collusion among firms, case studies of cartel behavior, bidding behavior at auctions and procurements.
Effective: Spring 2008
Prerequisite: ECON 302 orECON 342 andECON 490 or permission of instructor  

ECON 450 The Business Cycle (3) Measurement and theories of the business cycle; stabilization policies; forecasting.
Effective: Summer 1992
Prerequisite: ECON 304 orECON 351  

ECON 451 Monetary Theory and Policy (3) Monetary and income theory; monetary and fiscal policy.
Effective: Winter 1978
Prerequisite: ECON 304 orECON 351  

ECON 452 Economics of the Financial Crisis (3) This course studies the economics of financial crises with special emphasis on 2008.
Effective: Spring 2013
Prerequisite: ECON 304  

ECON 452W Financial Crises (3) Examination of causes and consequences of financial crises; asset pricing theory, market efficiency, speculative bubbles; policy considerations.
Effective: Summer 2008
Prerequisite: ECON 451  

ECON 454 Economics of Mergers (3) Economic analysis of horizontal and vertical mergers; econometric issues in measurement of unilateral and coordinated effects; policy issues.
Effective: Summer 2008
Prerequisite: ECON 444 andECON 490  

ECON 455 Economics of the Internet (3) Economics of the Internet; electronic commerce and network economics; pricing issues; intellectual property.
Effective: Spring 2013
Prerequisite: ECON 402 orECON 444  

ECON 455W Economics of the Internet (3) Economics of the Internet; electronic commerce and network economics; pricing issues; intellectual property.
Effective: Summer 2008
Prerequisite: ECON 402 orECON 444  

ECON 457 Economics of Organizations (3) Consumers, Firms, Utility Maximization, Profit Function, Equilibrium, Firm Distribution.
Effective: Fall 2016
Prerequisite: ECON 302 orECON 342  

ECON 457W Economics of Organizations (3) An advanced course in the economics of organizations. The focus is on coordination, incentives, contracts, and information in corporations.
Effective: Summer 2008
Prerequisite: ECON 402 orECON 444  

ECON 460 Issues in Sports Economics (3) Economic analysis of professional and collegiate sports: organization, input and output markets, the public sector, decision-making, and public policy.
Effective: Summer 2013
Prerequisite: ECON 102 ; credit can be earned from taking ECON 447 or ECON 460 but not both  

ECON 463 (IL) Economic Demography (3) Microeconomics of demographic behavior; interrelationships between demographic and economic factors, in developing and industrialized economies; economic welfare and policy implications.
Effective: Spring 2006
Prerequisite: ECON 302 orECON 304 ; or 9 credits in demography  

ECON 463W Economic Demography (3) Microeconomics of demographic behavior; interrelationships between demographic and economic factors, in developing and industrialized economies; economic welfare and policy implications.
Effective: Summer 2008
Prerequisite: ECON 412 orECON 471 or 9 credits in demography  

ECON 465 Cross Sectional Econometrics (3) Econometrics, simultaneous equations, discrete choice, sample selection.
Effective: Spring 2013
Prerequisite: ECON 106 andECON 306  

ECON 465W Cross Sectional Econometrics (3) Discrete choice models, censored and truncated regression models, longitudinal models, applications.
Effective: Summer 2008
Prerequisite: ECON 302 andECON 490  

ECON 466 Panel Data Models (3) Random and fixed effects, endogeneity, balanced and unbalanced panels, censoring of spells, differences in differences, applications.
Effective: Spring 2013
Prerequisite: ECON 302 andECON 306  

ECON 466W Panel Data Models (3) Random and fixed effects, endogeneity, balanced and unbalanced panels, censoring of spells, differences in differences, applications.
Effective: Summer 2008
Prerequisite: ECON 302 andECON 490  

ECON 470 (IL) International Trade and Finance (3) Economic analysis of why nations trade, barriers to trade, the international monetary system, and macroeconomic policy in an open economy.
Effective: Spring 2011
Prerequisite: ECON 102 orECON 104  

ECON 471 Growth and Development (3) Problems of capital formation, institutional considerations, theories of economic growth.
Effective: Fall 2016
Prerequisite: ECON 302 orECON 304  

ECON 472 Transition to Market Economies (3) Economics of transition to a market economy; problems of former Soviet-type economies; privatization, stabilization, and institutional change.
Effective: Fall 2005
Prerequisite: ECON 302 orECON 304  

ECON 473 (IL) China in the Global Economy: History, Culture, and Society (3) Analysis of China's role in the global economy and the impact on U.S. as well as global business and society.
Effective: Spring 2011
Prerequisite: ECON 102 orECON 104 or permission of program  

ECON 475 Migration and Development (3) Human Capital Approach to Migration; Economics of Family Migration; Evidence: Micro and Macro Perspectives; Migration Policies.
Effective: Fall 2016
Prerequisite: ECON 306 andECON 302 orECON 304  

ECON 475W Migration and Development (3) Human Capital Approach to Migration; Economics of Family Migration; Evidence: Micro and Macro Perspectives; Migration Policies.
Effective: Summer 2008
Prerequisite: ECON 471 orECON 412;ECON 490  

ECON 476 The Economics of Fertility in the Developing World (3) Demand for children, supply of children, and costs of fertility regulation; fertility transition; public policies to affect fertility.
Effective: Spring 2013
Prerequisite: ECON 471 andECON 306  

ECON 477 Labor Markets in Developing Countries (3) Labor demand and supply in developing countries; urban and rural labor markets, modern and informal sectors; policy issues.
Effective: Summer 2008
Prerequisite: ECON 471 orECON 412  

ECON 478 Incomplete Markets (3) Rural land markets, fragmented credit markets, risk and insurance, human capital and labor markets, innovation and technology spillovers, coordination failures.
Effective: Summer 2008
Prerequisite: ECON 471  

ECON 479 Economics of Matching (3) Economic application of matching to employment, marriage, organ markets, and medical residents.
Effective: Spring 2013
Prerequisite: ECON 402 orECON 412, ECON 444  

ECON 479W Economics of Matching (3) Economic application of matching to employment, marriage, organ markets, and medical residents.
Effective: Summer 2008
Prerequisite: ECON 402 orECON 412 orECON 444  

ECON 480 Mathematical Economics (3) Mathematical techniques employed in economic analysis; formal development of economic relationships.
Effective: Summer 1992
Prerequisite: ECON 302, ECON 304, MATH 110  

ECON 481 Business Forecasting Techniques (3) A survey of contemporary business forecasting techniques, with emphasis on smoothing, decomposition, and regression techniques.
Effective: Spring 2008
Prerequisite: SCM 200 orSTAT 200  

ECON 483 Economic Forecasting (3) Forecasting time series, using linear regression models and econometric software; useful forecasting models; financial and seasonal time series; trends.
Effective: Fall 2016
Prerequisite: ECON 306  

ECON 485 Econometric Techniques (3) Applying statistical techniques to test and explain economic relationships; integration of economic theory with observed economic phenomena.
Effective: Spring 2011
Prerequisite: ECON 102 orECON 104;SCM 200 orSTAT 200  

ECON 489M Honors Thesis (1-6) No description.
Effective: Spring 1993
Prerequisite: ECON 302, ECON 304 and admission into the departmental honors program  

ECON 490 Introduction to Econometrics (3) Use of simple and multiple regression models in measuring and testing economic relationships. Problems including multicollinearity, hetroskedasticity, and serial correlation.
Effective: Summer 2000
Prerequisite: MATH 110, ECON 390  

ECON 494 Research Project (1-12) Supervised student activities on research projects identified on an individual or small-group basis.
Effective: Summer 1994
 

ECON 494H Research Project (1-12) Supervised student activities on research projects identified on an individual or small-group basis.
Effective: Fall 2007
 

ECON 495 Internship (1-18) Supervised off-campus, nongroup instruction including field experiences, practica, or internships. Written and oral critique of activity required.
Effective: Summer 1995
Prerequisite: prior approval of proposed assignment by instructor  

ECON 496 Independent Studies (1-18) Creative projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.
Effective: Fall 1983
 

ECON 497 Special Topics (1-9) Formal courses given infrequently to explore, in depth, a comparatively narrow subject which may be topical or of special interest.
Effective: Fall 1983
 

ECON 499 (IL) Foreign Study--Economics (2-6) Study in selected countries of economic institutions and current economic problems.
Effective: Spring 2011
Prerequisite: ECON 102, ECON 104  

ECON 500 Introduction to Mathematical Economics (3) Mathematical Economics: Applications of Mathematical Techniques to Economics.
Effective: Spring 1990
 

ECON 501 Econometrics (3) Econometrics: Applications of Statistical Techniques to Economics
Effective: Summer 1989
 

ECON 502 Microeconomic Analysis (3) Economic behavior under pure and imperfect competition; price and output determination in product markets; prices and employment in factor markets.
Effective: Winter 1978
 

ECON 503 Macroeconomic Analysis (3) National income accounts; determination of income, employment, interest rates, and the price level; stabilization policy.
Effective: Winter 1978
 

ECON 507 International Trade (3-6) Theory of international trade and investment; effect of commercial policy on trade and income distribution; multinational corporations and international trade.
Effective: Spring 1993
 

ECON 510 Econometrics I (3) General linear model, multicolinearity, specification error, autocorrelation, heteroskedasticity, restricted least squares, functional form, dummy variables, limited dependent variables.
Effective: Fall 2003
Prerequisite: ECON 501 orSTAT 462 orSTAT 501  

ECON 512A Empirical Methods in Economics I (1) The course will provide a foundation for students in the computational methods used to numerically solve and simulate economic models and program econometric estimators.
Effective: Spring 2013
Prerequisite: ECON 510  

ECON 512B Empirical Methods in Economics II (2) The course will provide continued exposure to the computational methods used to numerically solve and simulate economic models and program econometric estimators.
Effective: Fall 2012
Prerequisite: ECON 512A  

ECON 517 Open Economy Macroeconomics and International Finance (3-6) The balance of payments, portfolio allocation, monetary and fiscal policy in an open economy, exchange rate regimes, selected policy issues.
Effective: Spring 1993
 

ECON 521 Advanced Microeconomic Theory (3-6) Theory of consumer behavior; theory of the firm; price determination in product and factor markets; introduction to welfare economics.
Effective: Fall 1983
 

ECON 522 Advanced Macroeconomic Theory (3-6) Measurement of income; theories of consumption, investment, and money holdings; static determination of income and employment; introduction to dynamic analysis.
Effective: Winter 1978
 

ECON 529 Public Finance (3-6) Effects of taxes, expenditures, debt on allocation, employment, distribution; cost-benefit analysis; collective decision mechanisms; fiscal federalism; current fiscal policy problems.
Effective: Fall 1983
 

ECON 534 Game Theory (3) Foundations of current research in game theory.
Effective: Summer 2006
Prerequisite: ECON 521 or permission of program  

ECON 543 Industrial Organization and Public Policy (3-6) The structure of American industry; performance and behavior; public policies toward business.
Effective: Summer 1980
 

ECON 558 Development of Monetary Theory (3) Classical and neoclassical quantity theories of money and contemporary criticism; Keynesian monetary theory and its critics.
Effective: Fall 1983
 

ECON 559 Current Monetary Theory and Policy (3) Post-Keynesian reformulation of quantity and Keynesian theories of money; liquidity and general equilibrium approaches; current issues in theory and policy.
Effective: Fall 1983
 

ECON 570 Development Economics (3-6) Resources and institutions; quantitative measures; theories of economic growth in developing areas; developmental policies.
Effective: Summer 1997
 

ECON 589 Seminar in Econometric Theory (3) Theories and methods relevant to the application of statistical methods to economics.
Effective: Summer 2015
Prerequisite: ECON 510  

ECON 596 Individual Studies (1-9) Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.
Effective: Spring 1987
 

ECON 597 Special Topics (1-9) Formal courses given on a topical or special interest subject which may be offered infrequently; several different topics may be taught in one year or term.
Effective: Spring 1987
 

ECON 600 Thesis Research (1-15) No description.
Effective: Fall 1983
 

ECON 601 Ph.D. Dissertation Full-Time (0) No description.
Effective: Fall 1983
 

ECON 610 Thesis Research Off Campus (1-15) No description.
Effective: Fall 1983
 

ECON 611 Ph.D. Dissertation Part-Time (0) No description.
Effective: Fall 1983
 

Last Import from UCM: September 23, 2017 3:00 AM

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