Courses
Course descriptions and schedules offered below are a helpful guide to find courses offered by the department.
This listing is not meant to replace the official course catalog maintained by the University Registrar.
ECON 1100.01
Current Economic Events in Historical Perspective
Introduction to economic analysis; historical background for interpreting current economic events. Discuss current issues in a historical context, including topics like taxes and unemployment. A one-course introduction to economics.
Prereq: Not open to students with credit for 110.01. GE soc sci human, nat, and econ resources course.
ECON 1100.02
Freakonomics
Discuss current social problems and issues within an economics framework, including topics such as job discrimination and integration. A one-course introduction to economics.
Prereq: Not open to students with credit for 110.02. GE soc sci human, nat, and econ resources course.
ECON 2001.01
Principles of Microeconomics
Introduction to economic theory: supply and demand for goods, services, and factor inputs; market structure; international trade, the distribution of income. First required course for students planning to take 4000-level courses in Econ.
Prereq: Not open to students with credit for 2001.02, 2001.03H, 200, 200H, or AEDEcon 2001 (200). This course is available for EM credit. GE soc sci human, nat, and econ resources course. SS Admis Cond course.
ECON 2001.03H
Principles of Microeconomics
An advanced introduction to economic theory: supply and demand for goods, services, and factor inputs; market structure; international trade, the distribution of income. First required course for students planning to take 4000-level courses in econ.
Prereq: Honors standing, or permission of instructor. Not open to students with credit for 2001.01, 2001.02 (200), or 200H, and AEDEcon 2001 (200) or 2001H (200H). GE soc sci human, nat, and econ resources course.
ECON 2002.01
Principles of Macroeconomics
Introduction to the theory of national income determination; economic fluctuations; money; government policy; international economics.
Prereq: Not open to students with credit for 2002.02, 2002.03H, 201, or 201H. This course is available for EM credit. GE soc sci orgs and polities course.
ECON 2002.03H
Principles of Macroeconomics
An advanced introduction to the theory of national income determination; economic fluctuations; money; government policy; international economics.
Prereq: Honors standing, or permission of instructor. Not open to students with credit for 2002.01, 2002.02 (201, 201H). GE soc sci orgs and polities course.
ECON 2367.02
Current Economic Issues in the United States
Study of problems currently facing the U.S. economy.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), and 2002.01, 2002.02 (201), or 2002.03H (201H), or equiv, and English 1110 (110). Not open to students with credit for 367.02. GE writing and comm: level 2 and soc sci orgs and polities course.
ECON 3048
Ethics and Social Responsibility in Economic Life
Examines the role of ethical norms and social constraints in determining economic outcomes.
Prereq: At least one of these courses, 1100.01 (110.01), 1100.02 (110.02), 1100.03 (110.03), 2001.01, 2001.02 (200), 2001.03H (200H), 2002.01 2002.02 (201), or 2002.03H (201H), is recommended. Not open to students with credit for 348. GE soc sci indivs and groups course.
ECON 3400
The Analysis and Display of Data
Introduction to the analysis of data. Topics include sampling, data collection, probability, inference, random variables, display of data, correlation, and analysis of variance. This course does not count toward a course elective for Econ majors.
Prereq: Not open to students with credit for 4400 (444), 5410 (641), 5420 (642), 443, IntStds 3400 (443), Stat 1430 (133), 1450 (145), 2450 (245) or AEDEcon 2005 (205). GE data anly course. Cross-listed in IntStds.
ECON 3820
The Economics of Gender in Labor Markets
Application of economic analysis to the evolution and economic condition of women and men in the labor force; occupational distribution and segregation; wage gap; the glass ceiling.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), or equiv. Not open to students with credit for 482. GE diversity soc div in the US course.
ECON 4001.01
Intermediate Microeconomic Theory
Theory of consumer behavior; theory of the firm; costs and production; factor price determination; general equilibrium.
Prereq: 2001.01, 2001.02, or 2001.03H, and 2002.01, 2002.02, or 2002.03H, or equiv. Not open to students with credit for 4001.02 or 4001.03.
ECON 4001.02
Intermediate Microeconomic Theory
Theory of consumer behavior; theory of the firm; costs and production; factor price determination; general equilibrium. Designates a calculus-based version.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), and 2002.01, 2002.02 (201), or 2002.03H (201H), and Math 1131 (132), 1151 (151), 1152 (152 and 153), 1161 (161 and 162), 2182H (263H), or 4181H (190H) or equiv; or permission of instructor. Not open to students with credit for 4001.01 (501.01 and 501.02) or 4001.03H.
ECON 4001.03
Intermediate Microeconomic Theory
Theory of consumer behavior; theory of the firm; costs and production; factor price determination; general equilibrium. Designates an advanced calculus-based version.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), and 2002.01, 2002.02 (201), or 2002.03H (201H), and Math 1131 (132), 1151 (151), 1152 (152 and 153), 1161 (162 and 161), 2182H (263H), or 4181H (H190), or equiv, or permission of instructor. Not open to students with credit for 4001.01 (501.01) or 4001.02 (501.02).
ECON 4002.01
Intermediate Macroeconomic Theory
Analysis of the determinants of national output; income and employment levels; theory of economic growth and progressive equilibrium in an economy.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), and 2002.01, 2002.02 (201 or 201H), or 2002.03H, or equiv. Not open to students with credit for 4002.02 (502.01 or 502.02) or 4002.03.
ECON 4002.02
Intermediate Macroeconomic Theory
Analysis of the determinants of national output; income and employment levels; theory of economic growth and progressive equilibrium in an economy. Designates a calculus-based version.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), and 2002.01, 2002.02 (201), or 2002.03H (201H), and Math 1131 (132) or 1151 (151), 1152 (152 and 153), 1161 (161 and 162), 2182H (263H), or 4181H (190H), or equiv; or permission of instructor. Not open to students with credit for 4002.01 (502.01 or 502.02) or 4002.03.
ECON 4002.03
Intermediate Macroeconomic Theory
Analysis of the determinants of national output; income and employment levels; theory of economic growth and progressive equilibrium in an economy. Designates an advanced calculus-based version.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), and 2002.01, 2002.02 (201), or 2002.03H (201H), and Math 1152 (152 and 153), 1161 (161 and 162), 2182H (263H), or 4181H (190H), or equiv; or permission of instructor. Not open to students with credit for 4002.01 (502.01) or 4002.02 (502.02).
ECON 4050
Experimental Economics
Introduction to economics as an experimental social science. Students participate in and study results of economic experiments dealing with markets, individual decision making, and a broad array of game theoretic economic models.
Prereq: 2001.01, 2001.02, or 2001.03H or equiv.
ECON 4130
World Economic Development in Historical Perspective
A survey of economic development from the middle ages through the 20th century, emphasizing Europe, Asia and Africa.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), or 2002.01, 2002.02 (201) or 2002.03H (201H), or equiv. Not open to students with credit for 5130 (614), or 515. GE historical study and diversity global studies course.
ECON 4140
Economic History of the Americas
A survey of economic development in the Americas emphasizing the United States from colonial times to the 20th century.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), or 2002.01, 2002.02 (201), or 2002.03H (201H), or equiv. Not open to students with credit for 5140 (613) or 516. GE historical study and diversity global studies course.
ECON 4191
Internship
Allows students to apply knowledge from their economics courses and learn from hands on experience in approved positions. Applies toward an Econ 4000-level elective; 3 credit hours maximum toward major.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), and 2002.01, 2002.02 (201), or 2002.03H (201H), or equiv; and Jr or Sr standing; and enrollment in Econ major; and permission of department. Not open to students with maximum qtr cr hrs in 589. Repeatable to a maximum of 6 cr hrs or 2 completions. This course is graded S/U.
ECON 4200
Money and Banking
Organization, operation, and economic significance of our monetary and banking system; special reference to current conditions and problems. Students intending to take 5200 are encouraged to take it instead.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), and 2002.01, 2002.02 (201), or 2002.03H (201H), or equiv. Not open to students with credit 4200H (520H), 5200, or 520.
ECON 4300
Government Finance in the American Economy
Analysis of fiscal institutions and decision-making in the public sector of the American economy; budget planning and execution; taxation, debt, and fiscal policy.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), or equiv. Not open to students with credit for 530.
ECON 4310
Local Public Finance
Financing public services by state/local governments. The fiscal relationship between state/local governments and the federal government. Apply techniques of economic analysis to policy issues.
Prereq: 4300 (530), or PubAfrs 7120 (730), or equiv. Not open to students with credit for 531, or PubAfrs 4310 (531). Cross-listed in PubAfrs.
ECON 4400
Elementary Econometrics
Basic linear regression analysis with applications; hypothesis testing and model specification.
Prereq: 3400, IntStds 3400, Stat 1430 (133), 1450 (145), 2450 (245), or AEDEcon 2005 (205), or equiv. Not open to students with credit for 5410 (641), 5420 (642), or 444.
ECON 4537
Middle Eastern Economic Development
Introduction to current economic issues facing the Middle East; similarities and differences in Middle Eastern countries' growth, inflation, unemployment, fiscal and monetary policy, imports, exports, foreign debt and exchange rate policy.
Prereq: 2001.01, 2001.02 (200), 2001.03H (200H), or AEDEcon 2001 (200), and 2002.01, 2002.02 (201), or 2002.03H (201H), or equiv. Not open to students with credit for 537, AEDEcon 4537 (537), 437, IntStds 4537 (537), or 437. Cross-listed in AEDEcon and IntStds.
ECON 4553
Economics of Population
Using economic principles to analyze population growth, fertility, mortality, mating, dating, marriage, teen pregnancy, divorce, and migration.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), or 2002.01, 2002.02 (201), or 2002.03H (201H). Not open to students with credit for 553.
ECON 4560
Cooperation and Conflict in the Global Economy
The economic, social, and political bases for and responses to increasing global economic integration.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), and 2002.01, 2002.02 (201), or 2002.03H (201H), or equiv. Not open to students with credit for 4560H (556H), 556, IntStds 4560 (556), or 4560H (556H). Cross-listed in IntStds.
ECON 4597.01
Issues of the Underground Economy
Focuses on the informal sector of the underground economy: illegal drugs, arms sales and human trafficking. Applies economic reasoning. Recommended prereqs: 2001.01, 2001.02 (200), 2001.03H (200H), and 2002.01, 2002.02 (201), or 2002.03H (201H).
Prereq: Jr standing and above. Not open to students with credit for 597.01. GE cross-disciplinary seminar course.
ECON 4700
Government and Business
Economic and legal aspects of government regulation of business in the United States; philosophies and concepts of public control; contemporary problems. Students planning on taking 5700 are encouraged to take it instead.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), or equiv. Not open to students with credit for 5700 (670), or 570.
ECON 4800
Labor Economics and Industrial Relations
Survey of the field of labor economics; trade unionism, collective bargaining; wage determination, employment, unemployment; labor legislation. Students planning on taking 5850 are encouraged to take it instead.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), or equiv. Not open to students with credit for 5850 (685) or 580.
ECON 4830
Economics of Sports
Analysis of economic and business aspects of sports teams and their strategic interactions in sports markets.
Prereq: 2001.01, 2001.02 (200), or 2001.03H (200H), or equiv. Not open to students with credit for 583.
ECON 4831
Sports Data Analytics and Economic Analysis
An introduction to basic data analysis methods used by economists to explain economic reasoning in the sport industry and associated markets.
Prereq: 2001.01, 2001.02, 2001.03H, AEDEcon 2001, or 2001H.
ECON 4960H
Honors Seminar in Economics
Prepares students to write an undergraduate thesis; group discussion of research problems, methods, and strategies.
Prereq: Honors standing, and 4001.01, 4001.02, or 4001.03, and 4400, 5410, or 5420; or permission of instructor.
ECON 4998
Undergraduate Research in Economics
Directed research for an Economics major; collection and analysis of data and information for a research project.
Prereq: 4001.01 (501.01), 4001.02 (501.02), or 4001.03, and 4002.01 (502.01), 4002.02 (502.02), or 4002.03, or equiv, and permission of instructor. Not open to students with credit for 4998H or 699. This course is graded S/U.
ECON 4998H
Honors Research in Economics
Directed research for an economics major; collection and analysis of data and information for a research project.
Prereq: Honors standing; and 4001.01 (501.01), 4001.02 (501.02), or 4001.03, and 4002.01 (502.01), 4002.02 (502.02), or 4002.03, or equiv; and permission of instructor. Not open to students with greater than 9 cr hrs in 4998 or max credit in 699. Repeatable to a maximum of 10 cr hrs or 2 completions. This course is graded S/U.
ECON 4999
Undergraduate Thesis Research
A program of study arranged for each student, with individual conferences and reports, to write a senior thesis. At least two semesters are required of candidates for the degree with distinction in economics.
Prereq: At least half of the Econ courses taken and an average of B in the remainder, and Sr standing, and permission of instructor. Not open to students with greater than 9 hours credit for 4999H (699) or max credit in 783H. Repeatable to a maximum of 10 cr hrs or 10 completions. This course is graded S/U.
ECON 4999H
Honors Thesis Research
A program of study arranged for each student, with individual conferences and reports, to write a senior thesis. At least 2 sems required for distinction in econ. Failure to receive a mark of S in this course is a disqualification for special honors.
Prereq: Honors standing, and a grade of A in at least half of the Econ courses taken, and an average of B in the remainder, and Sr standing, and permission of instructor. Not open to students with credit for 4999 (783H). Credit in 783H counts toward hour cap. Repeatable to a maximum of 10 cr hrs or 10 completions. This course is graded S/U.
ECON 5001
Game Theory in Economics
Analysis of behavior in strategic situations - when a person or firm's best action depends on what others do.
Prereq: 4001.01 (501.01), 4001.02 (501.02), or 4001.03, and Math 1131 (132), 1151 (151 and 152), 1152 (153), 1161 (161 and 162), or 2182H (263H), or equiv. Not open to students with credit for 601.
ECON 5130
Economic History of Western Europe
Survey of economic development of Europe from pre-industrialization to current globalization. Emphasis on critical analysis of long-run factors in economic growth.
Prereq: 4400 (444), 5410 (641), or Stat 2450 (245), and Econ 4001.01 (501.01), 4001.02 (502.02), or 4001.03, and 4002.01 (502.01), 4002.02 (502.02), or 4002.03, or equiv; or Grad standing. Not open to students with credit for 614.
ECON 5140
Economic History of the United States
General survey from discovery of America to present; European economic background; westward movement and its effects; development of economic institutions in the United States.
Prereq: 4400 (444), 5410 (641), 4001.01 (501.01), 4001.02 (502.02), 4001.03, and 4002.01 (502.01), 4002.02 (502.02), or 4002.03, or Stat 2450 (245), or equiv; or Grad standing. Not open to students with credit for 613.
ECON 5193
Individual Studies
Advanced readings in economics and related fields.
Prereq: Jr standing or higher; and an average of B or better in all econ courses; and a CPHR of 3.00 or above. Repeatable to a maximum of 10 cr hrs or 10 completions. This course is graded S/U.
ECON 5261
Financial Economics I
Examination of the evolution of and economic issues facing financial markets, financial institutions, and financial market participants. Does not count as course credit towards the completion of a business major.
Prereq: 4001.01, 4001.02, or 4001.03, and 4002.01, 4002.02, or 4002.03, and Math 1151, 1152, 1161, or 2182H, or equiv.; or Grad standing.
ECON 5410
Econometrics I
The general linear regression model; multiple correlation, path analysis, analysis of variance and tests of significance; specification errors.
Prereq: 4001.01 (501.01), 4001.02 (501.02), or 4001.03, and Stat 2450 (245), 4201, 4202 (420, 421), or 3470 (427, 428), or equiv. Not open to students with credit for 641, 444, or 4400.
ECON 5420
Econometrics II
Discrete choice models, panel data, endogeneity, instrumental variables, and systems of equations; stationary and nonstationary time series; applications in various fields of economics. Continuation of 5410.
Prereq: 5410 (641) and 4002.01, 4002.02 (502.01), or 4002.03 (502.02), or PubAfrs 7571, or equiv. Not open to students with credit for 642.
ECON 5660
Financial Aspects of International Trade
International payments and receipts; foreign exchange markets; balance-of-payments adjustment under different monetary systems; macroeconomic policy; international monetary reforms; foreign investments; multinational corporations.
Prereq: 4400 (444), 5410 (641), or Stat 2450 (245), and 4002.01 (502.01), 4002.02 (502.02), or 4002.03, or equiv. Not open to students with credit for 666.
ECON 5700
Industrial Organization
Nature, role, and regulation of competition; market structure and social performance; antitrust laws; current economic, legal, and policy problems in the antitrust area.
Prereq: 4400 (444), 5410 (641), or Stat 2450 (245), and 4001.01 (501.01), 4001.02 (501.02), or 4001.03, or equiv; or Grad standing. Not open to students with credit for 670.
ECON 5720
Comparative Institutional Analysis of Firms and Markets
Applications of economic analysis to industrial organizations including the firm's internal incentive structure, labor markets, and financial institutions, of major market economies such as U.S., and Japan from comparative perspectives.
Prereq: 4001.01 (501.01), 4001.02 (501.02), or 4001.03, or equiv, or Grad standing. Not open to students with credit for 672.
ECON 5850
Labor Economics
Advanced study of the labor market including labor demand and supply, wage determination, and unemployment.
Prereq: 4400 (444), 5410 (641), or Stat 2450 (245); and 4001.01 (501.01), 4001.02 (501.02), or 4001.03, or equiv. Not open to students with credit for 685.
ECON 5860
Health Economics
An introductory course to the field of health economics. Students will to apply concepts from introductory and intermediate microeconomics to problems that are faced in health and medical care. The focus is on individual demand for medical care; health insurance; markets for, and institutional features of, health care providers; measuring and pricing quality, and healthcare reform.
Prereq: 4001.01, 4001.02, or 4001.03. Prereq or concur: Stat 1450 or 2450.
ECON 5870
Neuroeconomics and Decision Neuroscience
The focus of this course will be on the psychology and neuroscience underlying economic behavior. Discussion will cover various domains of economic decision making and what Neuroeconomics has taught us about them.
Prereq: AEDEcon 2005, Stat 1450, 2450, Psych 2220, or Econ 3400; and Math 1148 or higher; and Econ 4001.01, 4001.02, 4001.03, AEDEcon 4001, Psych 3313, 3513, or 4508. Not open to students with credit for Psych 5870. Cross-listed in Psych.
ECON 6193
Individual Studies
Supervised and individually designed studies for pre-qualifier graduate students in economics or graduate students in non-economics graduate programs.
Prereq: Permission of instructor. Not open to students with credit for 893. Repeatable to a maximum of 20 cr hrs or 5 completions. This course is graded S/U. Letter Grade option available only with approval of economics director of graduate studies.
ECON 6700
Survey of Mathematical Methods in Economics
Core analytical methods and techniques routinely used in the first-year graduate courses in economic theory; topics include basic real analysis, convexity, constrained optimization, envelope theorems and their economics applications.
Prereq: 4001.01, 4001.02, 4001.03, or 501A and graduate mathematics courses in vector calculus and elementary linear algebra. Not open to students with credit for 704, or 705.
ECON 6711
Survey of Microeconomics
Methodology and scope of the neo-classical microeconomics paradigm; topics include the theory of competitive firms and consumers, general equilibrium, Pareto optimum, welfare theorems, non-competitive markets, uncertainty and asymmetric information.
Prereq: 4001.01 or 501A, or equiv, and permission of economics director of graduate studies. Not open to students with credit for 8711 (804), 8712 (805), 704, or 705.
ECON 6721
Survey of Macroeconomics
Survey of macroeconomics fluctuations, business cycles and economic growth, including Keynesian, monetarist and real business cycle models; topics also include money and banking, unemployment, inflation and endogenous economic growth.
Prereq: 4002.01 (502) or equiv with permission of instructor and economics director of graduate studies. Not open to students with credit for 8721 (806), or 8722 (807) or 706, or 707.
ECON 6731
Survey of Econometric Methods I
Survey of methods as applied in econometric analysis, with applications to programming in R. Topics include data management and visualization, linear regression, causal inference, fixed/random effects, nonparametric analysis, and nonlinear models.
Prereq: 4400 or 5410 or Stat 2450, and Math 2568 or equiv.; or permission of instructor. Not open to students with credit for 8731, 8732, or 8733.
ECON 7191
Internship in Professional Economics I
Practicum for economics graduate students who have completed the core curriculum in microeconomics, macroeconomics and econometrics to apply economic analysis on tasks and problems in an empirical economy or economic organizations.
Prereq: Satisfactory completion of the first-year Ph.D. courses or equivalent with permission of Economics Director of Graduate Studies. Not open to students with credit for 901. Repeatable to a maximum of 5 cr hrs or 5 completions. This course is graded S/U.
ECON 7193
Individual Studies
Supervised and individually designed readings in economics for postqualifier students in economics or graduate students in noneconomic graduate programs.
Prereq: Open to students who completed the first-year graduate PhD core course curriculum and with permission of instructor. Not open to students with credit for 893. Repeatable to a maximum of 2 cr hrs or 5 completions. This course is graded S/U. Letter Grade option available only with approval of economics director of graduate studies.
ECON 8191
Internship in Professional Economics II
Practicum for advanced economics graduate students who have completed Ph.D. course requirements to apply economic analysis on tasks and problems in an empirical economy or economic organizations.
Prereq: Satisfactory completion of the Ph.D. core and field courses or equivalent with permission of Economics Director of Grad Studies. Not open to students with credit for 901. Repeatable to a maximum of 5 cr hrs or 5 completions. This course is graded S/U.
ECON 8193
Individual Studies
Supervised and individually specialized studies for PhD students who have finished regular course work in their economics PhD program. Letter grade option available only with approval of economics director of graduate studies.
Prereq: Permission of instructor. Repeatable to a maximum of 44 cr hrs. This course is graded S/U.
ECON 8711
Microeconomic Theory IA
Rigorous survey of the neoclassical paradigm dealing with individual economic agents, firms and markets; covers core concepts and methods such as equilibrium, optimality, duality, comparative statics and envelope theorems.
Prereq: Grad standing in Econ, or related discipline with permission of Economics Director of Grad Studies.
ECON 8712
Microeconomic Theory IB
Continuation and extension of Microeconomic Theory 1A to study competitive general equilibrium, optimality and welfare theorems; includes analysis of individual agents' behavior under uncertainty and markets subject to asymmetric information.
Prereq: 8711, or equiv, and permission of Economics Director of Grad Studies.
ECON 8713
Microeconomic Theory IIA
Rigorous introduction to game theoretic methods and concepts and their applications to study strategic interactions in economic organizations, including imperfectly competitive markets and economies with public goods and externalities.
Prereq: 8711 or 8712, or equiv, and permission of economics director of grad studies.
ECON 8714
Microeconomic Theory IIB
A theoretical treatment of information economics and mechanism design; topics include implementation, dominant strategy mechanism, Bayesian mechanism design, adverse selection, moral hazard, social choice and auctions.
Prereq: 8713, or equiv, and permission of Economics Director of Graduate Studies.
ECON 8721
Macroeconomic Theory IA
A rigorous introduction to modern macroeconomic analysis and models of economic growth with emphasis on dynamic competitive equilibrium analysis: topics include dynamic programming applied to stochastic environments.
Prereq: Grad standing, and permission of Economics Director of Grad Studies.
ECON 8722
Macroeconomic Theory IB
Continuation of 8721 with recent developments in macro and monetary economics; topics include business cycles, endogenous growth, equilibrium unemployment and risk sharing in incomplete markets.
Prereq: 8721 or equiv, and permission of Economics Director of Grad Studies.
ECON 8723
Macroeconomic Theory IIA
Continuation of Macroeconomic Theory IA-IB with emphasis on dynamic general equilibrium models with shocks and frictions and their empirical assessment.
Prereq: 8722, or equiv, and permission of Economics Director of Grad Studies.
ECON 8724
Macroeconomic Theory IIB
Micro foundations of aggregate demand from the perspective of dynamic optimization; topics also include permanent income, lifetime portfolio choice, Q-theory of investment, consumption CAPM, term structure and long term risk.
Prereq: 8723, or 806 and 807, or equiv, and permission of Economics Director of Grad Studies. Not open to students with credit for 809.
ECON 8731
Econometrics I
Probability; random variables; sampling distributions; limit theorems; point and interval estimation; statistical hypothesis testing; multiple regression analysis in the linear model including finite-sample and asymptotic statistical properties.
Prereq: 6700, 6701, or Stat 5201; or equiv with permission of economics director of grad studies.
ECON 8732
Econometrics II
Generalized least squares; specification tests; generalized method of moments; endogenous regressors and simultaneous equation systems; panel data; nonlinear estimation; discrete and limited dependent variable models; and basic time-series analysis.
Prereq: 8731, or equiv with permission of Economics Director of Graduate Studies.
ECON 8781.01
First Year Research Principles and Techniques in Core Microeconomics
Group independent study of research principles and techniques for first-year PhD students in economics with focus on microeconomics.
Prereq: 8714 (808), and permission of economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8781.02
First Year Research Principles and Techniques in Core Macroeconomics
Group independent study of research principles and techniques for first year PhD students in economics with focus on macroeconomics.
Prereq: 8724 (809), and permission of economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8781.03
First Year Research Principles and Techniques in Core Econometrics
Group independent study of research principles and techniques for first year PhD students in economics with focus on econometrics.
Prereq: 8732 (742), and permission of economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8781.05
First Year Research Principles and Techniques in Economics
Group independent study of research principles and techniques for first year PhD students in economics.
Prereq: Grad standing in Economics, and permission of economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8782.01
Second Year Research Principles and Techniques in Economic Theory
Group independent study-cum-workshop to facilitate integrative reviews of concepts and techniques in major themes of economic theory, to prepare for field exams/papers, and to develop research perspectives.
Prereq: 8816 (815), 8817 (817), or 8818 (818), and permission of economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8782.02
Second Year Research Principles and Techniques in Macroeconomics
Group independent study designed to integrate and reinforce field knowledge and methods in macro-monetary economics and to develop research topics.
Prereq: 8821 (810), 8822 (811), or 8823 (820), and permission of economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8782.03
Second Year Research Principles and Techniques in Econometrics
Group independent study designed to integrate and reinforce field knowledge and methods in econometrics and to develop research topics.
Prereq: 8830 (840), 8831 (841), or 8832 (842), and permission of economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8782.05
Second Year Research Principles and Techniques in Labor Economics
Group independent study designed to integrate and reinforce field knowledge and methods in labor economics and to develop research topics.
Prereq: 8851 (883), 8852 (884), or 8853 (981), and permission of economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8782.07
Second Year Research Principles and Techniques in Industrial Organization
Group independent study designed to integrate and reinforce field knowledge and methods in industrial organization and to develop research topics.
Prereq: 8871 (871), 8872 (872), or 8873 (970), and permission of economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8782.08
Second Year Research Principles and Techniques in Economic History
Group independent study designed to integrate and reinforce field knowledge and methods in economic history and to develop research topics.
Prereq: 5130 (614), 5140 (613), or 5150 (615), and permission of instructor and economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8782.09
Second Year Research Principles and Techniques in Experimental Economics
Group independent study designed to integrate and reinforce field knowledge and methods in experimental and behavioral economics and to develop research topics.
Prereq: 8873 (970) or 8875, and permission of economics director of graduate studies. Repeatable to a maximum of 9 cr hrs or 3 completions. This course is graded S/U.
ECON 8783.01
Advanced Research Principles and Techniques in Economic Theory
Group independent study to prepare students for original research and innovation in the field of advanced economic theory. Open to students who have completed field courses approved by economics director of graduate studies.
Prereq: Permission of instructor and economics director of graduate studies. Repeatable to a maximum of 15 cr hrs or 5 completions. This course is graded S/U.
ECON 8783.02
Advanced Research Principles and Techniques in Macroeconomics
Group independent study to prepare students for original research and innovation in the field of macroeconomics. Open to students who have completed field courses approved by economics director of graduate studies.
Prereq: Permission of instructor and economics director of graduate studies. Repeatable to a maximum of 15 cr hrs or 5 completions. This course is graded S/U.
ECON 8783.03
Advanced Research Principles and Techniques in Econometrics
Group independent study to prepare students for original research and innovation in the field of econometrics. Open to students who have completed field courses approved by economics director of graduate studies.
Prereq: Permission of instructor and economics director of graduate studies. Repeatable to a maximum of 15 cr hrs or 5 completions. This course is graded S/U.
ECON 8783.05
Advanced Research Principles and Techniques in Labor Economics
Group independent study to prepare students for original research and innovation in the field of labor economics. Open to students who have completed field courses approved by economics director of graduate studies.
Prereq: Permission of instructor and economics director of graduate studies. Repeatable to a maximum of 15 cr hrs or 5 completions. This course is graded S/U.
ECON 8783.07
Advanced Research Principles and Techniques in Industrial Organization
Group independent study to prepare students for original research and innovation in the field of industrial organization. Open to students who have completed field courses approved by economics director of graduate studies.
Prereq: Permission of instructor and economics director of graduate studies. Repeatable to a maximum of 15 cr hrs or 5 completions. This course is graded S/U.
ECON 8783.08
Advanced Research Principles and Techniques in Economic History
Group independent study to prepare students for original research and innovation in the field of economic history. Open to students who have completed field courses approved by economics director of graduate studies.
Prereq: Permission of instructor and economics director of graduate studies. Repeatable to a maximum of 15 cr hrs or 5 completions. This course is graded S/U.
ECON 8783.09
Advanced Research Principles and Techniques in Experimental Economics
Group independent study to prepare students for original research and innovation in the field of experimental and behavioral economics. Open to students who have completed field courses approved by economics director of graduate studies.
Prereq: Permission of instructor and economics director of graduate studies. Repeatable to a maximum of 15 cr hrs or 5 completions. This course is graded S/U.
ECON 8816
Advanced Economic Theory I
A topic-driven course in advanced microeconomic theory, game theory and decision theory, and their theoretical applications with emphasis on important recent results.
Prereq: 8714 (808), or equiv with permission of instructor. Not open to students with credit for 815.
ECON 8817
Advanced Economic Theory II
Thorough treatment of major developments in game theory and a survey of major applied game theory topics such as mechanism design, bargaining, and oligopoly.
Prereq: 8714 (808) or equiv with permission of instructor. Not open to students with credit for 817.
ECON 8818
Advanced Economic Theory III
Theoretical approaches to economics of information; how information affects individual behavior and market equilibrium; moral hazard; adverse selection; incomplete contracts; rational expectations; and principal-agency models.
Prereq: 8714 (808), or equiv with permission of instructor. Not open to students with credit for 818.
ECON 8821
Advanced Macroeconomics I
Recent contributions to macro-monetary economics in theoretical, empirical and policy areas; topics include computational methods, econometric techniques, dynamic modeling and empirical assessment.
Prereq: 8724 (809), or permission of instructor. Not open to students with credit for 810.
ECON 8822
Advanced Macroeconomics II
Studies roles of preferences, technology, endowments, and market structures to determine the behavior of aggregate variables. Topics include: dynamic stochastic general equilibrium, rational expectations, business cycles, and propagation mechanisms.
Prereq: 8732 (742), or 8724 (809), or permission of instructor. Not open to students with credit for 811.
ECON 8823
Advanced Macroeconomics III
Studies the macroeconomic implications of discrete decisions by heterogeneous agents and assesses quantitative DSGE models. Topics include: lumpy adjustments, non-convex adjustment costs, and the interactions of real and financial frictions.
Prereq: 724, or 809, or permission of instructor. Not open to students with credit for 820.
ECON 8825
Advanced Macroeconomic Methods
Develops numerical methods for dynamic stochastic general equilibrium models with heterogeneity and non-convexities. Applications include: models of households with uninsurable risk and borrowing constraints, and firms with adjustment costs.
Prereq: Not open to students with credit for 816.
ECON 8830
Advanced Econometrics I
Fundamental elements of time series methods and recently developed techniques for the analysis of economic time series.
Prereq: 8732 (742), or equiv with permission of instructor. Not open to students with credit for 840.
ECON 8831
Advanced Econometrics II
Selected advanced topics in econometrics - such as nonparametric and semiparametric estimation, numerical optimization, simulation methods - including Markov chain Monte Carlo methods and duration models used in economics.
Prereq: 8732 (742) or equiv with permission of instructor. Not open to students with credit for 841.
ECON 8832
Advanced Econometrics III
Theory and applications of advanced econometric methods with emphasis on parameter estimation and testing in nonlinear models. Topics include: large sample theory, extremum estimators, likelihood approach, and the GMM framework.
Prereq: 8732 (742) or equiv with permission of instructor. Not open to students with credit for 842.
ECON 8851
Labor Economics I
Theoretical and empirical methods used to understand life-cycles and interpersonal variations in earnings. Topics include: human capital, job-market signaling, matching, schooling, and mobility.
Prereq: 8712 (804, 805), and 8731 (741), or equiv with permission of instructor. Not open to students with credit for 883.
ECON 8852
Labor Economics II
Theories and empirical analysis of the demand for labor and changes in the wage structure over time; the determinants of youth outcomes and behaviors including the effect of family and peer groups.
Prereq: 8712 (804, 805) , and 8731 (741), or equiv with permission of instructor; 8851 (883) recommended. Not open to students with credit for 884.
ECON 8853
Labor Economics III
An examination of models and methods used to study household labor supply behavior. Topics include: retirement, the determinants of child outcomes, and demographic behavior. 8852 (884) is recommended.
Prereq: 8851 (883). Not open to students with credit for 981.
ECON 8856
Health Economics
This course covers major research topics in health care and individual economics decisions related to health, structure of health care and insurance markets, and government policies. The course also provides a survey of data resources available to researchers in health economics, and the methodology of measurement and valuation of healthcare market performance and quality of healthcare providers.
Prereq: 8712 and 8731; or permission of instructor.
ECON 8863
International Economics III
Evolution of world economy from theoretical and empirical perspectives; trade; growth and development; international capital markets; financial crises and sovereign default; international business cycle transmissions.
Prereq: 8712 (804, 805), and 8722 (806, 807); and 8862 (862) recommended. Not open to students with credit for 863.
ECON 8871
Industrial Organization I
A survey of theoretical concepts used to analyze industry structure, firm conduct, market performance and related issues of public policy; topics include recent developments in the theory of the firm as well as models of competition and rivalry.
Prereq: 8713 (805, 808). Not open to students with credit for 871.
ECON 8872
Industrial Organization II
A survey of empirical methods used to analyze industry structure, firm conduct, market performance and related issues of public policy.
Prereq: 8871 (871), and 8732 (742); or permission of instructor. Not open to students with credit for 872.
ECON 8873
Industrial Organization III: Economic Analysis of Auctions
A survey of auction theory, experiments, and empirics; topics include private and common value auctions, multi-unit demand auctions, sequential and simultaneous auctions, and related research material.
Prereq: 8714 (808), or equiv, and permission of instructor.
ECON 8874
Computational Econometric Methods in Applied Microeconomics
This course covers computational methods used in applied microeconomic research, with particular focus on applications to the estimation and analysis of structural discrete choice models used in the study of empirical industrial organization.
Prereq: 8711 and 8731.
ECON 8875
Experimental & Behavioral Economics
A survey of concepts and methods in experimental and behavioral economics for advanced graduate students; topics include impacts of heuristics and biases on "rational" behavior, other-regarding preferences, bargaining, public goods and market design. 8873 (970) recommended.
Prereq: 8714 (808), 804, or 805, or equiv, or permission of instructor.
ECON 8876
Industrial Organization IV: Empirical Research Methods
Recently developed techniques for estimating market power and costs with incomplete data, with applications to antitrust economics. The goal is to give you an understanding of state of the art empirical tools, with the purpose of preparing students for research.
Prereq: 8714, and permission of instructor.
ECON 8891.01
Economic Theory Seminar
Latest developments in advanced research in general economic theory, game theory and related fields.
Prereq: 8714 (808), and permission of instructor. Repeatable to a maximum of 36 cr hrs or 12 completions. This course is graded S/U.
ECON 8891.03
Colloquium in Economic Theory
A supervised workshop in which advanced graduate students report their latest research in progress on the themes chosen by the colloquium instructor in advanced theory and related fields. Open to students who have completed PhD field courses approved by economics director of graduate studies.
Prereq: Permission of instructor and economics director of graduate studies. Repeatable to a maximum of 16 cr hrs or 8 completions.
ECON 8892.01
Macroeconomics Seminar
Latest developments in advanced research in macro-monetary economics and related fields.
Prereq: 8724 (809), and permission of instructor. Repeatable to a maximum of 36 cr hrs or 12 completions. This course is graded S/U.
ECON 8892.02
Workshop in Macroeconomics
Forum to report and discuss the latest research results by graduate students, faculty members and outside speakers in macro-monetary economics and related fields.
Prereq: Econ 8724 (809), and permission of instructor. Repeatable to a maximum of 24 cr hrs or 12 completions. This course is graded S/U.
ECON 8892.03
Colloquium in Macroeconomics
A supervised workshop in which advanced graduate students report their latest research in progress on the themes chosen by the colloquium instructor in macroeconomics and related fields. Open to students who have completed PhD field courses.
Repeatable to a maximum of 16 cr hrs or 8 completions.
ECON 8893.01
Econometrics Seminar
Latest developments in advanced research in econometrics and related fields.
Prereq: 8732 (741 and 742), and permission of instructor. Repeatable to a maximum of 36 cr hrs or 12 completions.
ECON 8894.01
Applied Microeconomics Seminar
Latest developments in advanced research in applied microeconomics fields.
Prereq: 8714 (808), and permission of instructor. Repeatable to a maximum of 36 cr hrs or 12 completions.
ECON 8894.02
Workshop in Applied Microeconomics
Forum to report and discuss the latest research results by graduate students, faculty members and outside speakers in applied microeconomics fields.
Prereq: 8714 (808), and permission of instructor. Repeatable to a maximum of 24 cr hrs or 12 completions. This course is graded S/U.
ECON 8894.03
Colloquium in Applied Microeconomics
A supervised workshop in which advanced graduate students report their latest research in progress on the themes chosen by the colloquium instructor in applied microeconomics and related fields.
Prereq: Completion of Ph.D. field courses approved by economics director of graduate studies, and permission of instructor and economics director of graduate studies. Repeatable to a maximum of 16 cr hrs or 8 completions.
ECON 8999
Dissertation Research
Dissertation research in economics.
Prereq: Doctoral candidate in Economics. Repeatable to a maximum of 60 cr hrs or 20 completions. This course is graded S/U.