Analyzes recent and contemporary literature on fundamentals of economic theory. Considers value theory with particular emphasis on methodology, theory of demand, theory of the firm, game theory, theory of distribution, general equilibrium theory, and welfare economics. Department enforced prereqs., ECON 3070 and ECON 3080 or MATH 1300. Requisites: Restricted to graduate students only.
Discusses behavior of consumption, investment, employment, production, and interest rates in the context of dynamic optimization models. Also considers government, economic growth, and business cycles. Department enforced prereqs., ECON 3070 and ECON 3080. Requisites: Restricted to graduate students only.
Presents the theoretical and empirical application of dynamic macro programming models. Topics include consumption, investment, labor, money, and credit theories. Covers the theory of economic fluctuations and business cycles employing dynamic general equilibrium models. Department enforced prereq., ECON 7020.
Discusses advanced topics in game theory and general equilibrium. Prereqs., ECON 7010 and ECON 7030 and ECON 7818 and ECON 7828. Requisites: Restricted to graduate students only.
Provides the mathematical foundation for Ph.D. level statistical inference in economic research. The primary topics of the course are probability theoryand mathematical statistics including hypothesis testing and classical estimation with an emphasison the method of maximum likelihood. Requisites: Restricted to graduate students only.
Continuation of ECON 7818. Topics include regression analysis and extensions of the linear regression model to generalized least squares, time series data, and systems of equations. Department enforced prereq., ECON 7818.
Assists students starting their doctoral thesis by discussing methodology and evaluation of economic research. Presents and discusses student research proposals. Department enforced prereqs., any two ECON courses at the 8000 level. Requisites: Restricted to graduate students only.
Presents the fundamental principles of public goods, externalities, public choice, excess burden, optimal taxation, and tax incidence. Department enforced prereq., ECON 7010. Requisites: Restricted to graduate students only.
Continuation of ECON 8209. Assists students starting their doctoral thesis by discussing relevant economic research. Presents and discusses research papers. Department enforced prereq., ECON 8209.
Explores advanced topics in public economics such as decentralization, state and local government, program analysis, taxation, international tax issues, political economy issues, and market failure. Department enforced prereqs., ECON 7010 and ECON 8211.
Examines subnational governments and systems of governments, the effects of inter-governmental competition, appropriate tax and expenditure responsibilities, and variations in governing institutions. Covers congestible public goods, Tieabout mechanisms, and tax capitalization. Department enforced prereq., ECON 7010.
Covers theories of comparative advantage, including the classical, factor-proportions, fixed-factor, and noncompetitive markets models. Examines trade policy including trade barriers, market distortions, strategic policy, regional integration, political economy, and factor migration. Department enforced prereq., ECON 7010. Requisites: Restricted to graduate students only.
Highlights foreign exchange markets, past and current international monetary mechanisms, and processes of adjustment. Examines the role of international financial markets for the behavior of consumption, investment, saving, and production. Also considers international transmission of business cycles. Department enforced prereq., ECON 7020.
Explores advanced work in various aspects of international economics, such as empirical trade analysis, public choice, and interactions between real and monetary phenomena in the world economy. Department enforced prereq., ECON 8413 or ECON 8423. Requisites: Restricted to graduate students only.
Examines North America's past from the perspective of economics. Topics include growth and welfare in the colonial period; staple products, agricultural development, and the emerging industrialism in the antebellum period; transformation of the North American economy to 1914; the interwar years and the Great Depression; and economic integration since 1945. Department enforced prereq., ECON 7010.
Considers the allocation of society's scarce environmental resources and government attempts to achieve more efficient and equitable allocations. It is a course in applied welfare economics with an emphasis on market failure and valuation. Department enforced prereq.,ECON 7010. Requisites: Restricted to graduate students only.
Provides advanced study of recent advances in environmental economics and explores opportunities for new research. Topics vary with interests of instructor and students. Department enforced prereqs., ECON 7010 and ECON 8535. Requisites: Restricted to graduate students only.
Focuses on the demand side of labor markets. Topics include standard static and dynamic models of labor demand, labor market discrimination, composition of compensation, labor hierarchies within enterprises, unionization, efficient contracts, and macroeconomics of labor markets. Department enforced prereq., ECON 7010.
Focuses on special topics in labor economics: dynamic theories of labor supply, employment, and unemployment; labor supply in a household framework; and labor market activity and income distribution. Explores both theoretical models and empirical tests in each area. Department enforced prereq., ECON 7010. Requisites: Restricted to graduate students only.
Highlights economics of regulation of industry and markets, industry studies, and the application of lab methods to industrial organization. Department enforced prereq., ECON 7010. Requisites: Restricted to graduate students only.
Addresses the theory of interaction of firms within markets and industries, emphasizing importance of the number, relative size of firms, market institution,firm strategies, and nature of consumer demand. Examines neoclassical and game theoretic models, empirical industry studies, and laboratory tests of theoretical models and policies. Department enforced prereq., ECON 7010. Requisites: Restricted to graduate students only.
Covers in historical perspective the causes of economic development including why some areas develop faster than others and why development occurs more rapidly in some eras than others. Department enforced prereq., ECON 7010. Requisites: Restricted to graduate students only.
