Mathematics and Statistics for Economists

640 Probability Theory U G 5  Probability, random variables, Markov chains, discrete and continuous distributions, transformations, moment generating function techniques, limit theorems, expectation, variance.  Au Qtr. 2 2-hr cl. Prereq: Math 153 or equiv. Not open to students with credit for Stat 520 or 620. 

700 Advanced Mathematical Techniques in Economics G 5  Advanced mathematical analysis of economics problems; topics to include basic set theory and real analysis; optimization subject to inequality constraints and dynamic optimization.  Au Qtr. 2 1.66-hr cl. Prereq: 600 or equiv. Not open to students with credit for this topic under 894. 

701 Dynamic Analysis in Economics G 5  Optimization methods and economic applications, calculus of variations, optimal control, and elements of dynamic programming.  Wi Qtr. 2 2-hrcl. Prereq: 700 or permission of instructor. Primarily for the first year economics Ph.D. students to complement micro, macro and econometrics core courses. 

804 Microeconomic Theory I G 5  Theories of consumers and producers.  Au Qtr. Prereq: 501A or equiv. 

805 Microeconomic Theory II G 5  Classical partial equilibrium (competition, monopoly, monopolistic competition, Cournot and Bertrand oligopoly models, location models) and general equilibrium theory.  Wi Qtr. Prereq: 600 and 804. 

808 Microeconomic Theory III G 5  Partial equilibrium welfare theory; economic dynamics; economics of information and uncertainty; and elementary game theory; may also include topics in industrial organization, labor, public finance, and others.  Sp Qtr. Prereq: 805. 

Core Macroeconomics

806 Macroeconomic Theory I G 5  Theory of income and employment; Keynesian aggregate supply and demand; consumption, saving, and the multiplier; determinants of investment and the accelerator; government's role.  Au Qtr. Prereq: 502A or equiv. 

807 Macroeconomic Theory II G 5  Aggregate supply: expectations, introduction to dynamic macroeconomic models.  Wi Qtr. Prereq: 600, 804, and 806. Not open to students with credit for 809.01. 

809 Macroeconomic Theory III G 5  Stochastic dynamic problems in macroeconomics; questions of growth, business cycles, and policy.  Sp Qtr. Prereq: 807. Not open to students with credit for 809.02. 

Core Econometrics

740 Inference and Decision Analysis G 5  Distribution theory, point and interval estimation, statistical hypothesis testing, decision analysis under uncertainty.  Wi Qtr. 4 cl. Prereq: 640 or equiv. 

741 General Linear Regression Analysis G 5  Multiple regression analysis; the general linear model; non-linear and distributed lag models.  Sp Qtr. 4 cl. Prereq: 600 and 740, or Stat 521. 

742 Econometrics G 5  Review of the general linear model; identification; estimating criteria; single and simultaneous equation estimation; econometric application.  Au, Sp Qtrs. 4 cl. Prereq: 741. 

810 Advanced Macroeconomics G 5  Examines recent contributions to macroeconomics and trains advanced graduate students to develop skills for research in theoretical, empirical and policy areas in macroeconomics.  Au, Wi Qtrs. 2 2-hr cl. Prereq: 809 or permission of instructor. 

811 Applied Macroeconomics G 5  Application of econometric methods to theoretical structures developed in 806 and 809; estimation and validation of macroeconomic models.  Sp Qtr. 2 2.75-hr cl. Prereq: 742 and 809, or permission of instructor. 

816 Mathematical Economics II G 5  Mathematical analysis of macroeconomic problems including static and dynamic systems and optimal control.  Prereq: 809. 

820 Monetary Theory G 5  Role of money in theoretical analysis of forces determining and influencing level of income, employment, and prices.  Au Qtr. Prereq: 520, 805, and 806; or equivs. 

821 Monetary Economics G 5  Develops monetary economics as a research field and covers a range of topics in the theoretical, empirical and policy aspects of money, credit and banking.  Wi Qtr. Prereq: 806, 807, 809 or permission of instructor. May be graded S/U with approval of Economics Director of Graduate Studies. 

920 Seminar in Monetary Policy G 5  Application of monetary theory to issues of public policy in banking and monetary affairs; examination of public hearings and policy literature.  Au, Sp Qtrs. Prereq: 820 and 821. Repeatable to a maximum of 30 cr hrs.  

Field: Advanced Economic Theory

815 Mathematical Economics I G 5  Mathematical analysis of microeconomic problems including consumer and production theory and general equilibrium.  Prereq: 808. 

816 Mathematical Economics II G 5  Mathematical analysis of macroeconomic problems including static and dynamic systems and optimal control.  Prereq: 809. 

817 Game Theory G 5  The methodology and survey of the development of game theory including concepts of equilibrium, beliefs, expectations and behavioral strategies.  Wi Qtr. 2 2-hr cl. Prereq: 804, 805 and 808 or equiv with permission of instructor. 

818 Economics of Information G 5  How information affects economic decision making in strategic settings and on markets; topics include theories of speculation, rational expectations, signaling principal-agent models, and search.  Au Qtr. 2 1.66-hr cl. Prereq: 804, 805, 808. Not open to students with credit for this topic under 894. 

819 Economic Behavior under Uncertainty G 5  Axiomatic approaches to economic behavior under uncertainty, classical expected utility paradigm, subjective probability, and behavioral theory of economic choice under uncertainty.  Prereq: 804, 805, and 808, or equiv of the first-year graduate microeconomics sequence with permission of instructor. S/U option available only upon the Economics DGS approval. 

915 Seminar in Price Theory G 5  Special topics in economic theory.  Au, Sp Qtrs. Prereq: 808 and 809. Repeatable to a maximum of 30 cr hrs.  

Field: Urban and Public Economics

730 Public Finance U G 5  Comprehensive survey and analysis of the principal fiscal activities of contemporary governments; logic of public sector activity, taxation principles and practice, intergovernmental relations, current fiscal problems.  Wi Qtr. 2 2-hr cl. Prereq: PubPol&M 830, or Econ 501A and grad standing, or permission of instructor. Not open to students with credit for 530 or PubPol&M 730. Cross-listed in Public Policy and Management. 

790 Urban Economics G 5  Application of economic theory to urban problems; topics include slums, residential segregation, intracity location of economic activity, urban renewal, urban sprawl, transportation, and governmental organization.  Sp Qtr. 4 cl. Prereq: 705, Geog 650, and grad standing; or permission of instructor. 

830 Advanced Public Finance I G 5  A theoretical and empirical investigation of the economic behavior of the public sector; theory of social goods, problems of tax structure, incidence, multi-unit finance.  Au Qtr. Prereq: 805. 

832 Advanced Public Finance II G 5  Continuation of 830; topics include intergovernmental relations, tax incidence, and tax reform.  Wi Qtr. Prereq: 830. 

Field: Econometrics

840 Time-Series Econometrics G 5  Fundamental elements of time series methods; recently developed techniques for the analysis of economic time series.  Au Qtr. 2 2-hr cl. Prereq: 742. 

841 Advanced Econometrics I G 5  Selected advanced topics in econometrics such as non-parametric and semiparametric estimation, numerical optimization, Markov chain, Monte Carlo methods and duration models used in economics.  Prereq: 742 or equiv with permission of instructor. 

842 Advanced Econometrics II G 5  Theory and application of advanced quantitative research methods; computerized application of econometric methods developed in 742.  Sp Qtr. Prereq: 742. 

843 Research Topics in Micro Econometrics G 5  Surveys and trains advanced PhD students in recent developments in micro econometrics; both theoretical and applied topics in economics will be covered.  Au Qtr. 2 2-hr cl. Prereq: 742, 841 and 842 or equiv with permission of instructor. Repeatable to a maximum of 15 cr hrs.  

844 Research Topics in Time Series Econometrics G 5  Surveys and trains advanced PhD students in economics with recent techniques and concepts in the econometric analysis of times series models.  Wi Qtr. 2 2-hr cl. Prereq: 742 or equiv with instructor's permission, 840 recommended. Repeatable to a maximum of 15 cr hrs.  

940 Seminar in Econometrics G 5  Examination of economic problems whose solutions may advantageously be sought by use of the methods of mathematics and mathematical statistics.  Au, Sp Qtrs. Prereq: 742 and 842 or equiv or permission of instructor. Repeatable to a maximum of 30 cr hrs.  

Field: International Economics

861 Advanced Microeconomic Trade Theory G 5  Advanced nonmonetary international trade theory; analysis of the effect of trade and commercial policies on the allocation of resources, income distribution, and growth.  Au Qtr. 4 cl. Prereq: 805. 

862 Advanced Macroeconomic Trade Theory G 5  Advanced monetary international trade theory; analysis of payments adjustments under alternative international monetary institutions.  Wi Qtr. Prereq: 805 and 806; 861 recommended. 

863 Economic Growth and International Trade G 5  Evolution of the world economy, from theoretical and empirical perspectives, including Solow growth models, optimal economic growth, models of overlapping generations, and endogenous economic growth.  Sp Qtr. 2 2-hr cl. Prereq: 808. 

Field: Industrial Organization

871 Industrial Organization I G 5  An investigation of information economics and market-based transactions in the theory of the firm.  Wi Qtr. 2 2-hr cl. Prereq: 808. 

872 Industrial Organization II G 5  Economic analysis of industry structure, conduct, performance, and related issues of public policy.  Sp Qtr. Prereq: 808 and 871. 

894 Group Studies G 1-5  Group Studies in Behavioral Economics

A research-oriented study of behavioral and experimental economics; topics cover game theory and applications in various fields of economics including political economy and institutional design.

970 Seminar in Structure and Regulation of Industry G 5  Economic bases for government participation in business activities: antitrust, regulation, and collective decision making.  Au, Sp Qtrs. Prereq: 872. Repeatable to a maximum of 30 cr hrs.  

Field: Labor Economics

883 Advanced Labor Economics I G 5  The firm as production function, employment contracting in a competitive market, and collective action (labor unions and employment contracting).  Au Qtr. Prereq: 805 and 806. 

884 Advanced Economics of the Labor Market G 5  Economic theory and empirical evidence relating to labor allocation and wage determination.  Wi Qtr. Prereq: 805 and 806. 

981 Seminar in the Economics of the Labor Market G 5  Selected topics and issues in wage determination, employment, and unemployment.  Sp Qtr. Prereq: 884. Repeatable to a maximum of 10 cr hrs.  

Field: Economic History

613 Economic History of the United States U G 5  General survey from discovery of America to present; European economic background; westward movement and its effects; development of economic institutions in the United States.  Au, Sp Qtrs. 2 2-hr cl. Prereq: 444 or 641, or Stat 245, 501 and 502; or grad standing. 

614 Economic History of Western Europe U G 5  Survey from 1750 through the post-World War II period; from Britain in the West to Russia in the East.  Wi Qtr. 2 2-hr cl. Prereq: 444 or 641, or Stat 245, 501 and 502; or grad standing. 

615 Economic Transitions in the 20th Century U G 5  Surveys major themes in transitioning economies in the 20th century; focus on planned economies and developing economies as they integrate into world economy.  Sp Qtr. 2 2-hr cl. Prereq: 444 or 641 or Stat 245, and Econ 501 or 502 or permission of instructor. 

802 History of Economic Thought G 5  Surveys major themes in the development of economic theory, thought, methodology, and paradigm in historical perspective.   Wi Qtr.  Prereq: 804 or 806 or permission of instructor. 

  894 Group Studies G 3-5  Advanced courses in economics and related fields.  Su, Au, Wi, Sp Qtrs. Repeatable.  

  999 Research in Economics: Dissertation G 1-18  Research for dissertation purposes only.  Su, Au, Wi, Sp Qtrs. Repeatable.  This course is graded S/U.