Economics - ECON

ECON 436 Mathematical Economics 3 OR 4 hours. Application of mathematics to theories of consumer and producer behavior, determination of prices in markets, growth and stability features of macroeconomic models. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ECON 218 or ECON 220; and either ECON 345 or MATH 165 or MATH 180. 
ECON 441 Teaching Methods in Economics 3 OR 4 hours. Develops skills in preparing and giving lectures and examinations, computer usage and other aspects of teaching economics and consumer economics at secondary/higher education levels. 3 undergraduate hours. 4 graduate hours. Credit earned in ECON 441 may not be used to satisfy Economics credit requirements for the BA, BS, MA or PhD degrees awarded by the Department of Economics. Credit earned in ECON 441 may be applied toward the degree as an elective. Prerequisite(s): For undergraduate students, two 300- or 400-level electives in economics; for graduate students in economics, one course in graduate-level microeconomics or macroeconomics. 
ECON 442 Topics in Economic Education 1 TO 4 hours. Topics vary. Course content is announced prior to each term in which it is given.   May be repeated for credit. Students may register for more than one section per term. Credit for this course may not be used to satisfy the minimum number of Econonics credit hours needed for the BA, BS, MA or PhD in Economics.  It may be used as general elective credit for these degree programs or as the Economic Education course requirement for the Certificate in the Teaching of Economics.   Prerequisite(s):  Consent of the instructor.  Prerequisites may vary according to topic.
ECON 450 Business Forecasting Using Time Series Methods 3 OR 4 hours. Autoregressive, moving average, and seasonal models for time series analysis and business forecasting. Forecasting using multi-variable transfer function models. Same as IDS 476. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): IDS 371 or ECON 346 or consent of the instructor.
ECON 472 Real Estate Finance 3 OR 4 hours. Finance principles applied to real estate; financing of residential and income-producing real estate; real estate development finance; secondary mortgage market; taxation and real estate finance. Same as FIN 472. 3 undergraduate hours. 4 graduate hours.  May not be used to satisfy the Economics credit requirement for the MA in Economics and PhD in Economics.  Elective credit only will be applied toward these degrees.  Prerequisite(s): ECON 218 or ECON 220.
ECON 475 Real Estate Markets and Valuation 3 OR 4 hours. Real estate market analysis. Sales comparison, cost, and income approaches to estimating residential and commercial property values. Statistical procedures for real estate analysis. 3 undergraduate hours. 4 graduate hours. Course may not be applied toward the minimum required courses in Economics for the MA or PhD in Economics. Prerequisite(s): ECON 218 or ECON 220; and ECON 270 or IDS 270; or consent of the instructor.
ECON 495 Competitive Strategy 4 hours. Multidisciplinary analysis of organizational strategy and policy, using case method and/or business simulation. Assignments involve extensive library research and oral and written reports. Prerequisite(s): Senior standing in the College of Business Administration and completion of all other CBA core courses, or consent of the instructor. 
ECON 499 Independent Study in Economics 1 TO 3 hours. Independent study of a topic not covered in a graduate-level course. Prerequisite(s): Graduate standing and consent of the director of graduate studies and the instructor. 
ECON 500 Managerial Economics 4 hours. Economic analysis applied to business operations; demand theory; production cost analysis; capital theory; pricing policies; capital budgeting. Prerequisite(s): ECON 501 or ECON 520. 
ECON 501 Microeconomics I 4 hours. Theories of consumer and producer behavior and determination of market price. Systematic treatment of the core of microeconomic theory. Prerequisite(s): ECON 220 and MATH 165. 
ECON 502 Microeconomics II 4 hours. Advanced microeconomic theory. Theories of consumer behavior, uncertainty, general equilibrium, welfare economics. Prerequisite(s): ECON 501. 
ECON 504 The Economics of Organization of Business Enterprises 4 hours. The economic reasons for the existence of firms, the determinants of firm size and the theory of organizational structure. Prerequisite(s): ECON 501 or ECON 520. 
ECON 511 Macroeconomics I 4 hours. Static and dynamic theories of income, employment and the price level; advanced treatment of consumption, investment, money demand and aggregate production functions; stabilization theory and policy. Prerequisite(s): ECON 221. 
ECON 512 Macroeconomics II 4 hours. Neoclassical and modern market-clearing models of real and monetary influences on economic growth, inflation and business cycles. Prerequisite(s): ECON 511. 
ECON 513 Special Topics in Macroeconomics and International Economics 4 hours. Intense study of selected research topics in macroeconomics and international economics. Topics may vary. Prerequisite(s): ECON 512. 
ECON 514 International Trade Policy 4 hours. Theoretical models on the causes and consequences of international trade and their empirical validation.  Effects of tariff and non-tariff trade policies and preferential trade agreements.   Prerequisite(s):  ECON 501; or ECON 520 and ECON 521.
ECON 515 International Monetary Policy 4 hours. Capital mobility and stabilization policy under fixed and flexible exchange rates; optimum currency areas; reform of international monetary system; problems of liquidity adjustment and confidence. Prerequisite(s): ECON 511 or ECON 521. 
ECON 516 Economic Development in an Interdependent World 4 hours. Theoretical and empirical studies of economic development with intersectoral and international perspectives; structural change and resource reallocation; factor proportions, substitutability, and movement; export-led growth. Prerequisite(s): ECON 501 or ECON 520 or consent of the instructor. 
ECON 519 International Economics for Business 4 hours. Comparative advantage.  Trade policy.  Custom unions and free-trade areas. Balance of payments and foreign-exchange markets.  Capital mobilty and other globalization issues. Stabilization policy.  Monetary integration. Credit for ECON 519 may not be used to satisfy Economics credit requirements for the MA or PhD in Economics or for the PhD in Business Administration (Concentration in Economics). Credit is not given for ECON 519 if the student has credit for ECON 333, ECON 415 or ECON 515. Prerequisite(s): ECON 520.
ECON 520 Microeconomics for Business Decisions 4 hours. Efficient allociation of resources by consumers, profit and non-profit firms and government, regulation of industry, monopoly and imperfect competition, business ethics and the market place, efficiency versus equity, social welfare. Credit is not given for ECON 520 if the student has credit in ECON 501 or ECON 540. Prerequisite(s): MATH 165 or MATH 181 or the equivalent.
ECON 521 Macro and International Economics for Business 4 hours. Impact of the macro economy and international economics on business decisions. Determination of economic activity, inflation, interest rates and exchange rates. Role of monetary and fiscal policy. Credit is not given for ECON 521 if the student has credit in ECON 511.
ECON 531 Labor Economics I 4 hours. Determinants of wage differentials; analysis of determinants and consequences of investments in human capital (schooling, on-the-job training, health); labor mobility, supply and allocation of time. Prerequisite(s): ECON 501 or ECON 520. 
ECON 532 Labor Economics II 4 hours. Impact of training, legislation, institutional constraints, and discrimination on the labor market. Focus on demographic groups (race, nativity, ethnicity, gender). Prerequisite(s): ECON 501 or ECON 520. 
ECON 533 Economic Development and Human Resources 4 hours. Economic Theory applied to less developed countries, focusing on humann aspects of development. Household economy, employment, earnings; labor productivity, unemployment; migration, population growth, income distribution. Prerequisite(s): ECON 501 or ECON 520. 
ECON 534 Econometrics I 4 hours. Detailed treatment of the multivariate linear regression model using matrix algebra. Emphasis on formulating and testing static and dynamic econometric models. Prerequisite(s): ECON 346; or consent of the instructor.
ECON 535 Econometrics II 4 hours. Detailed treatment of simultaneous equations estimation; evaluation of alternative estimators; problems of estimation including PROBIT, LOGIT, TOBIT and error component models. Prerequisite(s): ECON 534. 
ECON 536 Advanced Mathematical Economics 4 hours. Mathematics theory and applications, including calculus and linear algebra, to theories of consumer and producer behavior, general equilibrium, welfare economics, externalities, and social choice. Prerequisite(s): MATH 181. 
ECON 537 Business Research and Forecasting I 4 hours. The role of research in business; forecasting methods and techniques, including models and their applications. Same as IDS 582. Prerequisite(s): ECON 534 and at least one statistics course with regression analysis at the 300-level or above. 
ECON 538 Business Research and Forecasting II 4 hours. The role of research in business; forecasting methods and techniques, including multivariate time series models and their applications. Same as IDS 583. Prerequisite(s): IDS 476 or IDS 582 or ECON 537. 
ECON 539 Microeconometrics 4 hours. Application of econometric techniques to empirical problems in microeconomics with emphasis on issues of identification and causality; and the selection, implementation and testing of statistical models.   Prerequisite(s):  ECON 501 and ECON 535.
ECON 540 Economics for the Non-Economists 4 hours. Basic introduction to Economics for graduate and professional school students. Supply/ demand, opportunity cost, economic behavior of consumers/business firms, macroeconomy, inflation and business cycles. Credit is not given for ECON 540 if the student has credit in ECON 501 or ECON 520. No graduation credit given to students enrolled in MBA, MA or PhD in Economics, or PhD in Business Administration.
ECON 551 Economics of Education 4 hours. Basic concepts and tools of economics applied to education. Economic implications of educational outcomes for the economy, and for socioeconomic structure (e.g., income distribution, fertility patterns, ethnic group differences). Prerequisite(s): ECON 501 or ECON 520. 
ECON 552 Economic Demography 4 hours. Economic analysis of fertility (number and timing of children), mortality, marriage and divorce, population age structure, the relationship between population growth and economic development. Prerequisite(s): ECON 501 or ECON 520. 
ECON 553 Economics of Religion 4 hours. The economic determinants of participation in religious activities; the effects of religion on economic and demographic behavior, health, and well-being. Prerequisite(s): ECON 501 or ECON 520.
ECON 555 Health Economics I 4 hours. Topics in the supply and demand for health services; the role of insurance in the medical care industry; public policy issues of cost and quality regulation. Prerequisite(s): ECON 501 or ECON 520; or consent of the instructor.
ECON 556 Health Economics II 4 hours. Economics of health-related behaviors, prevention and health promotion, health disparities, health and development, evaluation of health-related interests.   Prerequisite(s):  ECON 501 or ECON 520; or consent of the instructor.
ECON 560 Industrial Organization 4 hours. Analysis of industry structure, behavior and performance; firms in imperfect competition; concentration measurement; oligopoly; theory; cartels; price discrimination; vertical and horizontal integration. Prerequisite(s):  ECON 501 or ECON 520 or consent of the instructor. 
ECON 570 Environmental and Natural Resource Economics 4 hours. Analytical methods for evaluating the impacts and control costs of pollution externalities and natural resource changes. Consequent implications for public and business policy. Prerequisite(s):  ECON 501 or ECON 520.
ECON 571 Urban Real Estate and Land Economics 4 hours. Economic analysis of urban real estate and land. Real estate appraisal. Demand for urban land; supply of land and improvements. Prerequisite(s):  ECON 501 or ECON 520. 
ECON 572 Urban Economics 4 hours. Urban economic models and economic analysis of urban problems. Firm location, housing, transportation, local public finance. Prerequisite(s):  ECON 501 or ECON 520. 
ECON 575 Economic Analysis of Public Expenditures 4 hours. Microeconomic theory as applied to public expenditure decisions; externalities, shadow prices and investment criteria in cost-benefit analysis; uncertainty and the value of life; extensive illustrative case studies. Prerequisite(s):  ECON 501 or ECON 520. 
ECON 576 Economics of Taxation 4 hours. Analysis of the effects of taxation on economic behavior; taxation and public choice; the effects of taxation on the distribution of income; theory and empirical analysis of welfare effects of taxes; optimal tax theory; issues in tax policy and tax reform. Prerequisite(s): ECON 501 or ECON 520. 
ECON 592 Workshop in Economics 4 hours. Bridges the transition from coursework to dissertation research. The nature of a PhD dissertation, topic selection, career design, research support networks. Students define a potential dissertation topic, survey the literature, and present it in class. Prerequisite(s): Comprehensive exams in micro and macro. 
ECON 593 Internship Program 0 TO 8 hours. Under the direction of a faculty supervisor, students work in government or a private firm on problems related to their major field of interest. Specific credit allotted is determined by the Graduate Curriculum Committee after receiving the supervisor's recommendation. Prerequisite(s): Completion of the core courses in the degree program in which the student is enrolled and approval of the internship program by the graduate advisor and the Graduate Curriculum Committee. 
ECON 594 Special Topics in Economics 1 TO 4 hours. An intensive study of a selected topic in economics. May be repeated. Students may register in more than one section per term.Topics vary by sections and by term. Prerequisite(s): ECON 501 or ECON 520; or consent of the instructor.
ECON 596 Independent Study 1 TO 4 hours. Independent study under faculty supervision. Prerequisite(s): Consent of the instructor. 
ECON 598 Master's Thesis Research 0 TO 16 hours. Research on MA thesis. Satisfactory/Unsatisfactory grading only. May be repeated. Students may register in more than one section per term. Prerequisite(s): Consent of the chair of the thesis committee. 
ECON 599 PhD Thesis Research 0 TO 16 hours. Research on a PhD thesis. Satisfactory/Unsatisfactory grading only. May be repeated. Students may register in more than one section per term. Prerequisite(s): Consent of the chair of the thesis committee.