University Catalog Description of Graduate Economics Courses
Graduate standing in economics or permission of the Director of Graduate Studies in Economics is required for all courses numbered 700 or higher. Courses marked with an * are graduate seminar courses in Economics but do not fulfill the course requirements for PhD and Masters students in Economics. Registration in these courses does count toward the hours required for full-time status.
700 BASIC QUANTITATIVE TECHNIQUES (3). Topics from linear algebra, calculus, linear and nonlinear programming, and the theory of difference and differential equations with applications to economics. Fall. Woodward.
710 ADVANCED MICROECONOMIC THEORY I (3). Prerequisite, Economics 410 and 700 or equivalent. Consumer and producer theory, expected utility, perfect competition and monopoly, introduction to general equilibrium and welfare economics. Fall. Norman.
711 ADVANCED MICROECONOMIC THEORY II (3). Prerequisite, Economics 710 or equivalent. Standard first your course in econometric theory and methods. Topics include least squares and maximum likelihood; asymptotic theory; classic inference; GMM; seemingly unrelated regression; endogeneity bias; multi-stage least squares. Spring. Biglaiser, Norman, Parreiras.
720 ADVANCED MACROECONOMIC THEORY I (3). Prerequisite, Economics 420 or equivalent. Keynesian and classical equilibrium models; the neo-Keynesian synthesis; monetarist and other alternative analytic frameworks. Fall. Francis, Hendricks.
721 ADVANCED MACROECONOMIC THEORY II (3). Prerequisite, Economics 720 or equivalent. Growth models, general equilibrium approach to monetary theory; input-output; disequilibrium theory; extensions of Keynesian and classical models. Spring. Francis, Hendricks.
770 INTRODUCTION TO ECONOMETRIC THEORY (3). Probability theory, expectation, conditional expectation, modes of convergence, limit and interchange theorems, and the asymptotics of maximum likelihood, generalized method of moments, and efficient method of moments. Fall. Hill, Parke.
771 ECONOMETRICS (3). Standard first your course in econometric theory and methods. Topics include least squares and maximum likelihood; asymptotic theory; classic inference; GMM; seemingly unrelated regression; endogeneity bias; muli-stage least squares. Spring. Babii
805 SEMINAR IN TEACHING METHODS IN ECONOMICS (variable credit). Prerequisite, doctoral candidacy in economics or permission of the instructor. Covers skills in lecturing, encouraging student participation and active learning, writing exams, planning and evaluating courses. Students design and teach a module that includes class discussion and hands-on learning. Targeted to beginning teaching assistants. Fall or spring. Sheran-Andrews.
806 SEMINAR IN TEACHING METHODS IN ECONOMICS (3). Prerequisite, doctoral candidacy in economics or permission of the instructor. Covers skills in lecturing, encouraging student participation and active learning, writing exams, planning and evaluating courses. Students design and teach a module that includes class discussion and hands-on learning. Targeted to those teaching independent sections. Fall or spring. Conway.
810 GAME THEORY I (3). Prerequisite, Economics 710, 711, or permission of the instructor. Non-cooperative games in strategic and extensive form with perfect and imperfection information. Other topics from: information economics, mechanism design, auctions, repeated games, bargaining, bounded rationality, learning, evolutionary games, cooperative games. Fall or Spring. Norman, Parreiras, Woodward.
811 GAME THEORY II (3). Prerequisite, Economics 710, 711, or permission of the instructor. Topics covered will be chosen from those listed, but not covered in Economics 810. Fall or spring. Norman, Parreiras.
820 TOPICS IN MACROECONOMICS I (3). This course focuses on econometric testing of macroeconomic theories. Topics will vary from year to year, but will include for example, modern theories of short-run fluctuations: sources of business cycle and the evolution of income, employment, interest rate, and prices, monetary and fiscal policy theories in the presence of real and nominal rigidities. Fall. Francis, Hendricks.
821 TOPICS IN MACROECONOMICS II (3). Prerequisite, Economics 720 or permission of the instructor. This course covers topics in macroeconomics such as economic growth, human capital, wealth inequality, and trade. The precise topics depend on the instructor. Francis, Hendricks.
840 ADVANCED PUBLIC FINANCE: EXPENDITURE (3). Analysis of market failure and reasons for public spending, cost-benefit analysis and program budgeting, public decision making, redistribution and fiscal equity, intergovernmental transfers. (Not regularly offered.)
841 ADVANCED PUBLIC FINANCE: REVENUES (3). Prerequisite, Economics 840 or permission of the instructor. Criteria for judging tax structures, incidence and impact of taxation, user charges and debt finance, intergovernmental coordination, and macroeconomic effects. (Not regularly offered.)
845 ADVANCED BUSINESS ORGANIZATION AND SOCIAL CONTROL (3). Prerequisite, permission of the instructor. Extensive readings in the literature are required. Emphasis is placed upon the role of economic analysis in dealing with problems in this field. Fall or spring. (Not regularly offered.)
846 THEORY OF INDUSTRIAL ORGANIZATION (3). This course covers theoretical industrial organization (IO). Topics typically covered include: price discrimination, product bundling, foreclosure analysis, vertical relations between firms, two-‐sided markets, dynamic games, and markets with switching costs and network effects. Fall or spring. Biglaiser.
847 EMPIRICAL INDUSTRIAL ORGANIZATION I (3). This course covers empirical methods in industrial organization (IO), and is typically presented as the first part of a two-‐course empirical IO sequence. Topics typically covered include: demand estimation, information issues, vertical relations between firms, and productivity. Students interested in a dissertation in empirical IO should also take Economics 846, which covers IO topics from a theoretical perspective, and an advanced microeconometrics courses. Fall. McManus.
848 EMPIRICAL INDUSTRIAL ORGANIZATION II (3). This course covers empirical methods in industrial organization (IO), and is typically presented as the second part of a two-‐course empirical IO sequence. Topics typically covered include: static games of complete and incomplete information, dynamic demand, dynamic games, and auctions. Students interested in a dissertation in empirical IO should also take Economics 846, which covers IO topics from a theoretical perspective, and an advanced microeconometrics courses. spring. Williams.
850 HEALTH ECONOMICS (3). Prerequisite, Economics 710 and 771 or permission of the instructor. Measurement and modeling of the demand for medical care, the demand for and supply of health insurance, and the incorporation of health, medical care, and health insurance in determining both short and long run labor supply. Fall or spring. Gilleskie.
851 HEALTH ECONOMICS FOR DEVELOPING COUNTRIES (3). Prerequisite, Economics 710 and 771 or permission. Major topics are: how health and development are related, the demand for health services, cost-benefit and cost-effectiveness analysis, and methods for financing health care in developing, resource-constrained nations. Fall or spring. (Not regularly offered)
855 ECONOMICS AND POPULATION (3). Prerequisite, graduate standing in economics or permission of the instructor. Analysis of economic-demographic interrelationships including: population and economic development; population, environmental decay, and zero population growth; models of fertility, migration, and spatial organization; population policy. Spring. Turchi. (Not regularly offered.)
860 THEORY OF INTERNATIONAL TRADE (3). Prerequisite, graduate standing in economics or permission of the instructor. The theory of international values; comparative advantage and the gains from trade; commercial policy. Fall or spring. Conway. (Not regularly offered)
861 INTERNATIONAL MONETARY ECONOMICS (3). Prerequisite, graduate standing in economics or permission of the instructor. Analysis of the international monetary system; exchange rates; the process of adjustment in the balance of payments. Fall or spring. Chari, Conway.
865 ECONOMIC DEVELOPMENT: THEORY AND POLICY (3). Prerequisite, permission of the instructor. Intensive study of the development processes and problems of the less developed countries, with emphasis on theories of growth and development, internal and external policies, and planning strategies. Fall or spring. (Not regularly offered.)
866 SELECTED TOPICS IN ECONOMIC DEVELOPMENT AND DEVELOPMENT PLANNING (3).Prerequisite, Economics 865 or equivalent. Examination of various topics in economic progress of the less developed countries, with special emphasis on the role of international issues. (Not regularly offered.)
867 COMPARATIVE ECONOMIC SYSTEMS (3). This course focuses on alternative theories of United States capitalism, French indicative planning, Yugoslavian worker-managed market socialism, Soviet central planning, and the Chinese worker-controlled decentralized planning model. (Not regularly offered.)
870 ADVANCED ECONOMETRICS (3). Prerequisites, Economics 770, Economics 771, and Mathematics 547. Economics 870 constitutes a one-semester treatment of the fundamental theory of econometrics. Topics covered include asymptotic distribution theory, linear and nonlinear models, specification testing techniques, and simultaneous equations models. Fall. Kim, Verdier, Ghysels, Guilkey, Parke.
871 TIME SERIES ECONOMETRICS (3). Prerequisite, Economics 870. Covers stationary univariate and multivariate time series models, spectral analysis methods, nonstationary models with time trends, unit roots and cointegration, and special topics such as conditional volatility, the Kalman filter and changes of regime. Spring. Ghysels, Hill, Parke.
872 NONLINEAR ECONOMETRIC METHODS (3). Prerequisite, Economics 870. Density estimation, nonparametric regression, neural nets, nonlinear regression, generalized method of moments, seminonparametric time series, estimating stochastic differential equations and nonlinear latent variables. Fall or spring. Hill.
873 CROSS SECTIONAL ECONOMETRICS (3). Prerequisite, Economics 870. Maximum likelihood methods for limited dependent variables. Longitudinal data models and methods. Hazard models. Multivariate models with limited dependent variables. Fall or spring. Verdier, Guilkey.
876 ADVANCED TOPICS IN EMPIRICAL FINANCE (3). Corequisite or Prerequisites. Economics 875/Business Administration 887 and Economics 871. This course will cover a selected list of current empirical research topics in finance and related econometric methods. Fall or spring. Ghysels.
877 FOUNDATIONS FOR CONTINUOUS TIME ASSET PRICING (3). Prerequisites. Statistics 634 and Statistics 635. This course introduces students to mathematical foundations and economic interpretation of the main probabilistic tools (stochastic calculus, martingale methods) in continuous time finance. Fall or spring.
880 LABOR ECONOMICS I (3). Prerequisite, Economics 710 or permission of the instructor. An analysis of the short- and long-run aspects of supply and demand of labor, including empirical analysis of the labor force behavior of males, females, blacks, and whites. Topics include the microeconomic effects of marriage, fertility, and mobility on labor supply, as well as the macroeconomic effects of unemployment on inflation. Fall or spring. Peter, Flabbi.
881 LABOR ECONOMICS II (3). This course covers a range of topics in labor economics, with a unifying theme of understanding how economics informs policies for alleviating inequality. Topics include social interactions, education, early childhood intervention, and discrimination. Fall or spring. Fruehwirth.
882 TOPICS ON LABOR ECONOMICS (3). Topics in labor economics characterized by an attention to dynamic considerations, with emphasis on search frictions. Fall or spring. Flabbi.
883 SEARCH THEORY (3). Search frictions have long been recognized as a reason for the existence of labor and capital unemployment. It is also a leading explanation for the price and wage dispersion, a standard tool in monetary economics. This course covers a number of widely used models of search frictions, and discusses how they relate to imperfect information about individual or match-specific characteristics and or coordination problems. Spring. Norman.
890 SEMINAR. Prerequisite, permission of the instructor. Individual research in a special field under direction of a member of the department. Fall and spring. Staff.
900 DISSERTATION WORKSHOP – TOPICS IN ECONOMICS (1-3). Prerequisite, permission of the instructor. Discussion of current research with topics varying from year to year. Oral and written reports on dissertation research. May be repeated for credit. Fall or spring.
910 DISSERTATION WORKSHOP IN MICROECONOMIC THEORY (1-3). Prerequisite, permission of the instructor. Discussion of current research in microeconomic theory and industrial organization. Oral and written reports on dissertation research. May be repeated for credit. Fall or spring.
920 DISSERTATION WORKSHOP IN MACROECONOMICS (1-3). Prerequisite, permission of the instructor. Discussion of current research in macroeconomics and monetary economics. Oral and written reports on dissertation research. May be repeated for credit. Fall or spring.
958 SEMINAR IN POPULATION (3). Prerequisite, graduate standing in economics. For advanced population students, this course addresses the newest and most advanced economic demography literature. (Not regularly offered.)
960 DISSERTATION WORKSHOP IN INTERNATIONAL AND DEVELOPMENT ECONOMICS (1-3).Prerequisite, permission of the instructor. Discussion of current research in international and development economics. Oral and written reports on dissertation research. May be repeated for credit. Fall or spring.
966* SEMINAR IN DEVELOPMENT AND TRANSITION (3). This course is an introduction to the literature and research methods of economic development and transition economies. May be repeated for credit. Fall or spring.
968 SEMINAR IN SOVIET ECONOMICS (3). Prerequisite, permission of the instructor. Studies of selected problems of the Soviet economy and related aspects of Soviet economic thought. Seminar members are expected to present reports on assigned research topics. (Not regularly offered.)
970 DISSERTATION WORKSHOP IN ECONOMETRICS AND FINANCIAL ECONOMETRICS (1-3).Prerequisite, permission of the instructor. Discussion of current research in econometrics and financial econometrics. Oral and written reports on dissertation research. May be repeated for credit. Fall or spring.
971* RESEARCH IN ECONOMETRICS (3). The course introduces students to theoretical and applied research topics in econometrics. May be repeated for credit. Fall or spring.
981* SEMINAR IN LABOR ECONOMICS (3). The course introduces students to research topics in labor economics. May be repeated for credit.
985 DISSERTATION WORKSHOP IN APPLIED MICROECONOMICS (1-3). Prerequisite, permission of the instructor. Discussion of current research in applied microeconomics. Student presentations of dissertation and other research. Oral and written reports on dissertation research. May be repeated for credit. Fall or spring.
990 DISSERTATION WORKSHOP IN MICROECONOMIC THEORY AND INDUSTRIAL ORGANIZATION (1-3). Prerequisite, permission of the instructor. Discussion of current research in microeconomic theory and industrial organization. Student presentations of dissertation and other research. Oral and written reports on dissertation research. May be repeated for credit. Fall or spring.
992 MASTER’S NON-THESIS OPTION (3). Fall and spring. Staff.
994 DOCTORAL DISSERTATION (3). Fall and spring. Staff.
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