ECON 100 — ECONOMIC APPROACH TO CURRENT ISSUES

3-4 credits.

Emphasizes current economic issues and illustrates how the economist's perspective helps understand them. Academic readings and popular books such as Freakonomics will be used to indicate the breadth and scope of questions that can be analyzed from an economic perspective. Enroll Info: None

ECON 101 — PRINCIPLES OF MICROECONOMICS

4 credits.

Economic problems of individuals, firms and industries with emphasis on value, price, and distribution of income. Enroll Info: None

ECON 102 — PRINCIPLES OF MACROECONOMICS

3-4 credits.

Macroeconomic measurement and models of aggregate demand and supply; fiscal and monetary policy for unemployment, inflation, and growth. Enroll Info: None

ECON 109 — STUDY ABROAD IN INTRODUCTORY ECONOMICS

1-4 credits.

Provides an equivalency for introductory level economics courses taken on UW-Madison study abroad programs. Enroll Info: None

ECON 111 — PRINCIPLES OF ECONOMICS-ACCELERATED TREATMENT

4 credits.

Integrated treatment of macroeconomics and microeconomics (see ECON 101 and ECON 102). Accelerated approach to economics training, especially for Economics: Math Emphasis majors. Enroll Info: None

ECON 228 — INTERNSHIP ECONOMICS

1 credit.

Internship in economics related field. Enroll Info: Students must be declared in the Economics major.

ECON 299 — DIRECTED STUDY

1-3 credits.

Study of topics at elementary undergraduate level as arranged with a faculty member. Enroll Info: None

ECON/​FINANCE  300 — INTRODUCTION TO FINANCE

3 credits.

Concepts and techniques in corporate finance and investments. Topics include the financial environment, securities markets, financial markets, financial statements and analysis, working capital management, capital budgeting, cost of capital, dividend policy, asset valuation, investments, decision making under uncertainty, mergers, options, and futures. Enroll Info: None

ECON 301 — INTERMEDIATE MICROECONOMIC THEORY

4 credits.

Contemporary theory of consumption, production, pricing and resource allocation. Enroll Info: None

ECON 302 — INTERMEDIATE MACROECONOMIC THEORY

4 credits.

Principles and theories of national income determination, analysis of savings, consumption, investment and other aggregates in the national and international economy and relation to employment, inflation and stabilization. Enroll Info: None

ECON/​HIST SCI  305 — DEVELOPMENT OF ECONOMIC THOUGHT

3-4 credits.

Development of economic thought from the middle ages to the present; emphasis on major schools of thought including Classical, Marxian, Neo-Classical, and Keynesian schools. Enroll Info: None

ECON/​A A E/​REAL EST/​URB R PL  306 — THE REAL ESTATE PROCESS

3 credits.

Introductory survey course. Decision-making processes for the manufacture, marketing, management and financing of real estate space. Survey of institutional context, economics of urbanization, historical pattern and structure of city growth, and public policy issues regarding urban environment and business management. Enroll Info: None

ECON 309 — STUDY ABROAD IN INTERMEDIATE ECONOMICS

1-4 credits.

Provides an equivalency for intermediate level economics courses taken on UW-Madison study abroad programs. Enroll Info: None

ECON 310 — STATISTICS: MEASUREMENT IN ECONOMICS

4 credits.

Introduction to analysis of economic data. The techniques of descriptive statistics and statistical inference (hypothesis testing and estimation) as directed toward application in economic research. Enroll Info: None

ECON 311 — INTERMEDIATE MICROECONOMIC THEORY - ADVANCED TREATMENT

3 credits.

A mathematical approach to the theory of consumption, production, pricing and resource allocation. Enroll Info: None

ECON 312 — INTERMEDIATE MACROECONOMIC THEORY - ADVANCED TREATMENT

3 credits.

A mathematical approach to the principles and theories of national income determination, analysis of savings, consumption, investment and other aggregates in the national and international economy and relation to employment, inflation, and stabilization. Enroll Info: None

ECON/​FINANCE  320 — INVESTMENT THEORY

3 credits.

Structure and functioning of securities markets; principles of portfolio construction; models of the tradeoff between risk and expected return. Enroll Info: None

ECON 321 — SPORTS ECONOMICS

3-4 credits.

An examination of the economics behind major professional and intercollegiate sports teams and franchises. Topics covered include the organization of leagues, competitive balance, cooperative and collusive behavior, measurement of productivity, the market for franchises, sale and resale of tickets, and public financing of facilities. Enroll Info: None

ECON 330 — MONEY AND BANKING

4 credits.

Monetary economics; the role of money in the determination of output, prices and interest rates; commercial and central banking, monetary policy, the international monetary system. Enroll Info: None

ECON/​A A E/​ENVIR ST  343 — ENVIRONMENTAL ECONOMICS

3-4 credits.

Microeconomic principles underlying the use of natural resources such as air, water, forests, fisheries, minerals and energy. These principles are applied in the examination of pollution control, preservation vs. development, deforestation, and other environmental issues. Enroll Info: None

ECON 364 — SURVEY OF INTERNATIONAL ECONOMICS

3-4 credits.

Contemporary theory of international trade and finance applied to current economic events. Enroll Info: None

ECON 370 — ECONOMICS OF POVERTY AND INEQUALITY

3 credits.

Analysis of patterns and causes of poverty and inequality. Topics include theoretical approaches, measurement, historical perspectives and policy responses.Enroll Info: None

ECON 390 — CONTEMPORARY ECONOMIC ISSUES

3 credits.

Topics vary, including current developments in all fields of economics. Enroll Info: None

ECON 400 — INTRODUCTION TO APPLIED ECONOMETRICS

4 credits.

Applied course providing an introduction to econometrics - the statistical methods economists use to evaluate empirical relationships and test economic theory. Emphasis on application of econometrics to real world data using modern statistical software and developing skills needed to understand empirical work in economics. Enroll Info: None

ECON 409 — STUDY ABROAD IN ADVANCED ECONOMICS

1-4 credits.

Provides an equivalency for advanced level economics courses taken on UW-Madison study abroad programs for which there is no exact UW-Madison equivalent. Course must be of equal rigor to those offered on campus. To receive this equivalent, departmental pre-approval is required. Enroll Info: None

ECON 410 — INTRODUCTORY ECONOMETRICS

4 credits.

Statistical methods used in applied economic research. Topics include: survey methods and data sources; multiple regression and analysis of variance; econometric estimation; forecasting and policy applications. Enroll Info: None

ECON/​REAL EST/​URB R PL  420 — URBAN AND REGIONAL ECONOMICS

3 credits.

Nature and structure of urban economies; location of economic activity; economic analysis in an urban framework; principles of urban economic development, housing, transportation, poverty and unemployment and municipal finance. Forecasting of economic activity using census and socioeconomic data. Enroll Info: None

ECON/​A A E  421 — ECONOMIC DECISION ANALYSIS

4 credits.

Managerial oriented, applied presentation of microeconomic theory. Quantitative emphasis with extensive homework use of spreadsheets and written executive summaries of applied economic analyses. Applications on natural resources and agricultural markets. Enroll Info: None

ECON 435 — THE FINANCIAL SYSTEM

3 credits.

Banking, credit markets and financial institutions, monetary and debt management policies; relation of national monetary and credit institutions to the international system. Enroll Info: None

ECON 441 — ANALYTICAL PUBLIC FINANCE

3-4 credits.

Analyzes the problems of the public sector in dealing with domestic issues of education, urban areas, welfare, natural resources, and the environment; provides students with opportunity to apply the tools of economic analysis that are pertinent to domestic public sector problems. Enroll Info: None

ECON 442 — MACROECONOMIC POLICY

3-4 credits.

Addresses current issues in modern macroeconomic policymaking. Topics include: fiscal and monetary policy, financial and sovereign debt crisis, and financial regulation. Enroll Info: None

ECON 448 — HUMAN RESOURCES AND ECONOMIC GROWTH

3-4 credits.

Theoretical and empirical analysis of public and private investment in people, emphasizing the contribution to productivity of education, training, health, and mobility. Enroll Info: None

ECON/​ENVIR ST/​POLI SCI/​URB R PL  449 — GOVERNMENT AND NATURAL RESOURCES

3-4 credits.

Problems of public policy and administration for development and use of natural resources. Enroll Info: None

ECON 450 — WAGES AND THE LABOR MARKET

3-4 credits.

Economic and institutional forces which determine labor supply and demand; wage theories, wages in the economy, the labor force, unemployment, wages, labor mobility, functioning of labor markets. Enroll Info: None

ECON 451 — THE ECONOMIC APPROACH TO HUMAN BEHAVIOR

3 credits.

The economic analysis of "non-economic" topics such as the family, crime, politics and religion. Enroll Info: None

ECON 455 — BEHAVIORAL ECONOMICS

3-4 credits.

Empirical evidence documenting departures in human decision making from rational norms, and alternative theoretical approaches to explaining this behavior grounded based upon psychological enrichments of standard rational actor model. Topics include paradox of choice, loss aversion, time inconsistent preferences, and social preferences. Enroll Info: None

ECON 458 — INDUSTRIAL STRUCTURE AND COMPETITIVE STRATEGY

3 credits.

Analysis of competition among firms and its effect on industrial structure. Theoretical models and case studies are used. Topics include: entry barriers, price competition dynamics, entry and exit strategies, and competitive tactics such as product differentiation, advertising, and technological change. Enroll Info: None

ECON 460 — ECONOMIC FORECASTING

3-4 credits.

Introduction to econometric time series analysis, forecasting methods, and forecast evaluation. The course will cover theoretical, methodological and applied topics, and much of the work will be hands-on data analysis. Enroll Info: None

ECON/​A A E/​INTL BUS  462 — LATIN AMERICAN ECONOMIC DEVELOPMENT

3 credits.

A historico-institutional analysis of development problems in the principal Latin American countries, with attention to differentiation of national growth patterns and alternative development strategies. Enroll Info: None

ECON 464 — INTERNATIONAL TRADE AND FINANCE

3-4 credits.

Contemporary theory of international trade and finance developed and applied to current problems in international economic relations. Enroll Info: None

ECON/​HISTORY  465 — THE AMERICAN ECONOMY TO 1865

3-4 credits.

Survey of the forces underlying American economic development and the distribution of income; rise of regional economies; origins of manufacturing; effects of slavery; influence of government and politics on growth. Enroll Info: None

ECON/​HISTORY  466 — THE AMERICAN ECONOMY SINCE 1865

3-4 credits.

Emergence of the large corporation; growth and instability since the mid-nineteenth century; increasing government participation in the economy; the impact of war, depression, discrimination, and international responsibilities. Enroll Info: None

ECON 467 — INTERNATIONAL INDUSTRIAL ORGANIZATIONS

3-4 credits.

Study of competition among firms in an international environment (theoretical analysis and policy applications). Topics include: strategic trade, trade agreements and intellectual property rights issues, RD and technology transfers, multinational firms. Enroll Info: None

ECON 468 — INDUSTRIAL ORGANIZATION AND IMPERFECT COMPETITION

3-4 credits.

An overview of the theory of industrial organization, including the study of oligopolistic behavior, monopolistic competition, product differentiation and the dynamic behavior of competitive industries under uncertainty. Enroll Info: None

ECON/​A A E  473 — ECONOMIC GROWTH AND DEVELOPMENT IN SOUTHEAST ASIA

3 credits.

Evaluates economic development strategies in Southeast Asia and their implications for growth, distribution and environment. Students learn trade and development theory as well as specific knowledge of Southeast Asian economic development. Enroll Info: None

ECON/​A A E  474 — ECONOMIC PROBLEMS OF DEVELOPING AREAS

3 credits.

Analyzes aggregate growth, income distribution and poverty in lower income economies. Uses microeconomics of imperfect labor, capital and insurance markets to explore why some individuals advance economically as their economies grow and others fall behind. Considers implications of aggregate and micro analysis for national and international economic policy. Enroll Info: None

ECON 475 — ECONOMICS OF GROWTH

3-4 credits.

Theoretical analysis of issues in growth and development. Models will be motivated by country experiences. Topics include: factors affecting saving, investment and cross-country differentials on per capita income; the role of government institutions, market regulation, technology and trade. Enroll Info: None

ECON/​A A E  477 — AGRICULTURAL AND ECONOMIC DEVELOPMENT IN AFRICA

3 credits.

Composition, organization, and techniques of agricultural production; economic change and development of agriculture, economic policies, special problems of developing African agriculture. Enroll Info: None

ECON 502 — ECONOMICS OF TRANSPORTATION

3 credits.

Influence of transport costs on economic development, industrial location and market penetration; economic characteristics of carriers; pricing policies and practices in transport; interrelationship of public policy issues and decisions by suppliers and users of transportation. Enroll Info: None

ECON 503 — MARKETS WITH FRICTIONS

3-4 credits.

Search theory provides framework for understanding markets; is used to study questions in monetary, public, financial economics. This course will develop theoretical tools used to introduce frictions in formal models; will address the role of frictions in several applied scenarios. Enroll Info: None

ECON 508 — WEALTH AND INCOME

3 credits.

Origins of inequality in income and wealth -- bequests, human capital, property division, productivity, and demographic change. Primary focus on the United States, with some international comparisons. Measurement of redistribution effected by social insurance, inflation, and tax-transfer systems. Empirical, oriented towards policy analysis and measurement. Enroll Info: None

ECON 521 — GAME THEORY AND ECONOMIC ANALYSIS

3-4 credits.

The study of multi-agent, interactive decision problems, with emphasis on questions of coordination, cooperation and conflict. Applications include relations between countries, competition between firms, bargaining between unions and firms, and contests between political candidates. Enroll Info: None

ECON 522 — LAW AND ECONOMICS

3-4 credits.

Economic analysis of legal rules and institutions with emphases on how different areas of law influence individual incentives. Specific topics include: (1) property, (2) contracts, (3) torts, (4) legal procedure and (5) criminal law. Enroll Info: None

ECON/​PHILOS  524 — PHILOSOPHY AND ECONOMICS

3 credits.

Economics examined from the viewpoint of the philosophy of science. Normative and positive aspects of economic theory. Deterministic and statistical explanation. Arrow impossibility theorem. Radical economics. Enroll Info: None

ECON 525 — ECONOMICS OF EDUCATION: THEORY AND MEASUREMENT

3 credits.

Application of theoretical and empirical methods of economics to education policy. Emphasis in econometrics analysis and critical evaluation of empirical research. Writing intensive course. Enroll Info: None

ECON/​A A E  526 — QUANTITATIVE METHODS IN AGRICULTURAL AND APPLIED ECONOMICS

4 credits.

Use of quantitative methods (mathematics, statistics, and optimization) to analyze problems faced by decision makers in natural resources and agriculture. Extensive homework requiring use of quantitative methods via spreadsheet tools to solve problems from an applied decision context. Enroll Info: None

ECON/​A A E/​F&W ECOL  531 — NATURAL RESOURCE ECONOMICS

3 credits.

Economic concepts and tools relating to management and use of natural resources, including pricing principles, cost-benefit analysis, equity, externalities, economic rent, renewable and nonrenewable resources, and resource policy issues. Enroll Info: None

ECON/​POP HLTH/​PUB AFFR  548 — THE ECONOMICS OF HEALTH CARE

3-4 credits.

Analysis of the health care industry. Markets for hospitals and physicians' care, markets for health manpower, and the role of health insurance. Enroll Info: None

ECON/​A A E  567 — PUBLIC FINANCE IN LESS DEVELOPED COUNTRIES

3 credits.

Potential and limitations of fiscal policy as a development instrument in low-income countries; tax harmonization in economic integration; case studies in tax reform; budgeting and planning. Enroll Info: Introductory course in economic theory, public finance or economic development recommended.

ECON 580 — HONORS TUTORIAL IN RESEARCH PROJECT DESIGN

3 credits.

Students will be required to criticize research by others, to draft a research proposal and to complete a project that requires original research. Enroll Info: None

ECON 581 — HONORS THESIS

3 credits.

Students will work on their honor thesis. Enroll Info: None

ECON 590 — TUTORIAL IN RESEARCH PROJECT DESIGN

3 credits.

Students will be required to draft a research proposal that is analogous to a NSF proposal or a Ph.D. prospectus and critique research proposals and existing undergraduate theses. They will also complete a project that requires original research incorporating one of the following: use of statistical software; simulation experiment using existing software; design and pretest a human subjects experiment; draft an interview instrument; or a comparable project. Enroll Info: None

ECON 606 — MATHEMATICAL ECONOMICS II

3-4 credits.

Advanced mathematical topics and techniques used in economic analysis. Deterministic and Stochastic Control Theory emphasized. Enroll Info: None

ECON 623 — POPULATION ECONOMICS

3-4 credits.

Examination of economic determinants of population change and demographic behavior including household formation, marriage, child bearing and rearing, mortality (especially infant) and key forms of human capital investments including schooling and migration. Enroll Info: None

ECON/​REAL EST/​URB R PL  641 — HOUSING ECONOMICS AND POLICY

3 credits.

The economic principles underlying the dynamics of the housing market; filtering, neighborhood decline and abandonment gentrification, tenure choice, mortgage choice, prepayment, mobility, mortgage default, submarket identification, racial discrimination and segregation. Examination of governmental programs affecting the housing market and their objectives and impacts; public and subsidized housing, zoning and land use regulation, rent and price controls, property and income tax policy. Enroll Info: None

ECON/​SOC  663 — POPULATION AND SOCIETY

3 credits.

Social and economic determinants and consequences of contemporary and historical population trends in both developed and developing societies. Fertility, mortality, migration, population distribution, age structure, population growth. Enroll Info: None

ECON 666 — ISSUES IN INTERNATIONAL FINANCE

3-4 credits.

Modern institutions, history, and controversies of international financial relations. Foreign exchange market, the Euro-currency banking system, and central bank intervention in both. Enroll Info: None

ECON/​A A E/​ENVIR ST/​URB R PL  671 — ENERGY ECONOMICS

3 credits.

The method, application, and limitations of traditional economic approaches to the study of energy problems. Topics include microeconomic foundations of energy demand and supply; optimal pricing and allocation of energy resources; energy market structure, conduct, and performance; macro linkages of energy and the economy; and the economics of regulatory and other public policy approaches to the social control of energy. Enroll Info: None

ECON 681 — SENIOR HONORS THESIS

3 credits.

Faculty guided honors level original research. Enroll Info: None

ECON 682 — SENIOR HONORS THESIS

3 credits.

Faculty guided honors level original research. Enroll Info: None

ECON 690 — TOPICS IN ECONOMICS

2-4 credits.

Topics in economic theory and policy. Enroll Info: None

ECON 691 — SENIOR THESIS

1-3 credits.

Faculty guided original research. Enroll Info: None

ECON 692 — SENIOR THESIS

1-3 credits.

Faculty guided original research. Enroll Info: None

ECON 698 — DIRECTED STUDY

1-4 credits.

Study of topics or research at an advanced undergraduate as arranged with a faculty member. Enroll Info: None

ECON 699 — DIRECTED STUDY

1-4 credits.

Study of topics or research at an advanced undergraduate as arranged with a faculty member. Enroll Info: None

ECON 700 — MATHEMATICS FOR ECONOMISTS

3 credits.

Mathematical techniques used in economics analysis at a Master level. Topics include: proof techniques, optimization, introductory topology, functional analysis, linear algebra for microeconomists and differential equations. Enroll Info: It is expected that students will have completed three semesters calculus (such as MATH 234) and linear algebra (such as MATH 340).

ECON 701 — MICROECONOMICS I

3 credits.

First course in a two-semester sequence covering: consumer theory, producer theory, and markets under partial and general equilibrium, and with externalities or market power. The sequence will include an introduction to decision theory and game theory, and applications to auction theory and partially informed trade. Enroll Info: It is expected that students will have completed three semesters calculus (such as MATH 234) and linear algebra (such as MATH 340).

ECON 702 — MACROECONOMICS I

3 credits.

A mathematical approach to the study of aggregate output determination, including analysis of consumption, labor markets, economic growth, and business cycles. Analysis of fiscal and monetary policies and their interactions. Enroll Info: It is expected that students will have completed three semesters calculus (such as MATH 234) and linear algebra (such as MATH 340).

ECON 703 — MATHEMATICAL ECONOMICS I

3-4 credits.

A survey of mathematical techniques used in economic analysis. Linear algebra and optimization techniques are emphasized. Enroll Info: None

ECON 704 — ECONOMETRICS I

3 credits.

Econometric methods, theory, and applications. Matrix algebra will be used. Topics include linear regression, least-squares estimation, inference, and hypothesis testing. Enroll Info: Primarily for Master's level students. It is expected that students will have completed three semesters calculus (such as MATH 234) and linear algebra (such as MATH 340).

ECON 705 — ECONOMETRICS II

3 credits.

Econometric methods, theory, and applications. Topics include instrumental variables, GMM, panel data, limited dependent variables, time series, and vector autoregressions. Enroll Info: None

ECON 706 — ECONOMETRICS III

3 credits.

Focus on using econometric methods to address empirical questions, conduct empirical research, and write empirical papers in economics. Enroll Info: None

ECON/​A A E  707 — INSTITUTIONAL ECONOMICS

3 credits.

Comparative analysis of neoclassical and institutional economics, with emphasis on economic epistemology, agency theory, transaction costs, firms and markets, property rights, externalities, welfare economics, efficiency, and rules of social choice. Enroll Info: None

ECON 708 — MICROECONOMICS II

3 credits.

Second course in a two-semester sequence covering: consumer theory, producer theory, and markets under partial and general equilibrium, and with externalities or market power. The sequence will include an introduction to decision theory and game theory, and applications to auction theory and partially informed trade. Enroll Info: None

ECON 709 — ECONOMIC STATISTICS AND ECONOMETRICS I

3-4 credits.

Probability distributions, statistical inference; multiple linear regression; introduction to econometric methods. Enroll Info: It is expected that students will have completed three semesters calculus (such as MATH 234) and linear algebra (such as MATH 340).

ECON 710 — ECONOMIC STATISTICS AND ECONOMETRICS II

3-4 credits.

Extensions of the linear regression model; introduction to multiple equation models. Enroll Info: None

ECON 711 — ECONOMIC THEORY-MICROECONOMICS SEQUENCE

3 credits.

First course in a two-semester sequence: theories of firms, consumers, and markets; or partial and general equilibria in market and centralized economies; topics in welfare economics. Enroll Info: It is expected that students will have completed three semesters calculus (such as MATH 234) and linear algebra (such as MATH 340).

ECON 712 — ECONOMIC THEORY-MACROECONOMICS SEQUENCE

3 credits.

First course in a two semester sequence: commodity, money and labor markets, their components and general equilibrium; intertemporal optimization and growth theory. Enroll Info: It is expected that students will have completed three semesters calculus (such as MATH 234) and linear algebra (such as MATH 340).

ECON 713 — ECONOMIC THEORY: MICROECONOMICS SEQUENCE

3 credits.

Second course in a two-semester sequence: the theory of market, their efficiency properties, externalities, and the role of prices, and an introduction to the economics of information, including moral hazard and adverse selection. Enroll Info: None

ECON 714 — ECONOMIC THEORY; MACROECONOMICS SEQUENCE

3 credits.

Second course in a two-semester sequence. Topics include: asset pricing; fiscal and monetary policy; mechanism design, estimation and calibration of business cycle models. Enroll Info: None

ECON 715 — ECONOMETRIC METHODS

3 credits.

Nonlinear econometric theory. Enroll Info: None

ECON 716 — ECONOMETRIC METHODS

3 credits.

Advanced econometric theory. Enroll Info: None

ECON 717 — APPLIED ECONOMETRICS

3 credits.

Applied cross section and panel methods. Enroll Info: None

ECON 718 — TOPICS IN APPLIED ECONOMETRICS

3 credits.

Applied time series methods. Enroll Info: None

ECON 719 — ECONOMIC STATISTICS AND ECONOMETRICS III

3-4 credits.

Advanced applied econometrics. Enroll Info: None

ECON/​PUB AFFR/​URB R PL  734 — REGIONAL ECONOMIC PROBLEM ANALYSIS

3 credits.

Examination of major theories of regional economic development, with special emphasis upon the evolution and amelioration of regional economic problems. Selected techniques of regional analysis, including economic base multipliers, input/output models, and shift-share analysis are used in the context of setting regional development goals. Enroll Info: None

ECON 735 — MONETARY AND FINANCIAL THEORY

3 credits.

Advanced appraisal of theory and institutions of the financial system, monetary theory, the credit system and financial intermediaries. Enroll Info: None

ECON 736 — MACROECONOMIC POLICY

3 credits.

Theoretical, empirical, and institutional aspects of the use of monetary, fiscal, and income policies to affect inflation, unemployment, and other policy goals. Enroll Info: None

ECON 741 — THEORY OF PUBLIC FINANCE AND FISCAL POLICY

3 credits.

Theoretical development of the functions of government in a mixed economy; welfare criteria for efficient government expenditures and taxation; nature of public goods and of redistribution activities of governments. Program budgeting and theoretical issues in cost-benefit analysis. Enroll Info: None

ECON 742 — THEORY OF PUBLIC FINANCE AND FISCAL POLICY

3 credits.

Incidence of tax burdens and expenditure benefits on relative incomes; effect of taxation on microeconomic decisions relating to work effort, investment, and consumption; analysis of the stabilization, growth, and debt management policies in the context of the economy as a whole; problems in international taxation. Enroll Info: None

ECON/​A A E  747 — FRONTIERS IN AGRICULTURAL ECONOMICS 2

3 credits.

Organization, design, and performance of food and agricultural markets. Industrial organization; firm boundaries, contracting, and collective action; spatial, temporal, and quality dimensions of market design. Enroll Info: None

ECON 750 — LABOR ECONOMICS

3 credits.

Theoretical and empirical analysis of labor markets, labor mobility, the determination of earnings and employment, and labor supply of the household unit; emphasizes recent research on current issues in public policy. Enroll Info: None

ECON 751 — SURVEY OF INSTITUTIONAL ASPECTS OF LABOR ECONOMICS

3 credits.

Taught on a modular basis: Labor Theories and Labor History; Union Political Activities; Collective Bargaining and Public Policy. For use in analysis of problems in areas of labor markets, wages and human resources. Enroll Info: None

ECON 761 — INDUSTRIAL ORGANIZATION THEORY

3 credits.

A review of theories of the firm, oligopoly, and imperfect competition. Includes applications of economic theory and game theory to agency theory, product diversity, technological change, and strategic behavior by firms--among other problems. Enroll Info: None

ECON 762 — EMPIRICAL ANALYSIS OF INDUSTRIAL ORGANIZATION AND PUBLIC POLICY

3 credits.

A study of measurement in industrial organization and a survey of empirical tests of hypotheses in the field. The theory and practice of antitrust is also covered. Each student will produce an original piece of research. Enroll Info: None

ECON/​GEN BUS/​STAT  775 — INTRODUCTION TO BAYESIAN DECISION AND CONTROL I

3 credits.

Common sampling models in business and economic problems, information from data, likelihood function of parameters, choices of models, Bayes' Theorem, subjective basis for probability, sequential nature of Bayesian inference, prior and posterior distributions of parameters in binomial, poisson, exponential and normal populations, comparison of two normal distributions, predictive distributions, decision theory, utility, risk aversion, extensive form of analysis, two-action problems, point estimation, best population problems, economics of sampling. Enroll Info: None

ECON 805 — ADVANCED MICROECONOMIC THEORY I

3 credits.

Economic behavior under uncertainty; measure of risk, information structure, stock market and asset pricing, insurance theory, asymmetric information and incentive mechanisms. Enroll Info: None

ECON 806 — ADVANCED MICROECONOMIC THEORY II

3 credits.

General equilibrium analysis existence and computation of fixed points and competitive equilibrium, regular economics, core, non-competitive approach to perfect competition and monopolistic competition. Enroll Info: None

ECON 809 — TOPICS IN MICROECONOMIC THEORY

1-3 credits.

Topics in microeconomic theory. Enroll Info: None

ECON 810 — ADVANCED MACROECONOMIC THEORY

3 credits.

Topics in macroeconomic research. Enroll Info: None

ECON 836 — APPLIED MACROECONOMETRIC ANALYSIS

3 credits.

Analysis of theoretical and implementational problems of conducting multi-instrument stabilization policy. Topics: political-economic interface, policy-oriented macro models, the structures of large American econometric models, and selected problems experienced in coordinating policy instruments in recent years. Enroll Info: None

ECON/​URB R PL  845 — ADVANCED TOPICS IN PUBLIC FINANCE

1-4 credits.

Advanced public finance problems and literature, research; subject changes each semester; may be repeated. Modules. Enroll Info: None

ECON/​POP HLTH  848 — HEALTH ECONOMICS

1-3 credits.

Health economics issues including demand, supply and pricing, market structure, medical malpractice, technological change, value of life, role of insurance, and other aspects of uncertainty. Enroll Info: None

ECON 871 — ADVANCED INTERNATIONAL ECONOMICS

3 credits.

General equilibrium algebraic and geometric modeling of open economies with balanced trade, and the welfare economics of international exchange and barriers thereto. Enroll Info: None

ECON 872 — ADVANCED INTERNATIONAL ECONOMICS

3 credits.

Algebraic and geometric modeling of open macroeconomics with unbalanced trade and payments, focussing analytically on the foreign exchange market and the determinants of the exchange rate. Enroll Info: None

ECON 873 — SEMINAR-INTERNATIONAL ECONOMICS

2-3 credits.

Individual research and group discussion of selected topics in the theory of international trade. Enroll Info: None

ECON 878 — ECONOMIC DEVELOPMENT-THEORY STATISTICS & POLICY

2-3 credits.

Theory and empirical evidence on growth and development in low-income countries. Topics may include: measurement of poverty and inequality, risk and insurance, social networks, technology adoption, education, corruption, institutions, and behavioral economics. Enroll Info: None

ECON 880 — QUANTITATIVE ECONOMIC POLICY

1-3 credits.

Guides students in how to do independent research. Students will be required to write an original empirical research paper. Enroll Info: None

ECON 899 — RECENT ADVANCES IN ECONOMICS

1-3 credits.

Selections from all fields of economic research. Enroll Info: None

ECON 901 — WORKSHOP IN MATHEMATICAL ECONOMIC THEORY

1-7 credits.

First in a two seminar sequence on critical discussion of topics in the field of economic theory. Enroll Info: None

ECON 902 — WORKSHOP IN ECONOMIC THEORY

1-7 credits.

Critical discussion of topics in the field of economic theory. Enroll Info: None

ECON 903 — WORKSHOP ON INDUSTRIAL ORGANIZATION

1-7 credits.

Current research on the operation of markets in which individuals and firms act with imperfect information, are limited in their responses, may purchase heterogeneous commodities or factor services, and are concerned with conflicting goals. Enroll Info: None

ECON 904 — WORKSHOP ON INDUSTRIAL ORGANIZATION

1-7 credits.

Second in a two seminar sequence on current research on the operation of markets in which individuals and firms act with imperfect information, are limited in their responses, may purchase heterogeneous commodities or factor services, and are concerned with conflicting goals. Enroll Info: None

ECON 913 — WORKSHOP IN ECONOMETRICS

1-7 credits.

Current research in econometric model building, estimation and inference in econometrics Enroll Info: None

ECON 914 — WORKSHOP IN ECONOMETRICS

1-7 credits.

Second in a two seminar sequence on current research in econometric model building, estimation and inference in econometrics. Enroll Info: None

ECON/​ANTHRO/​C&E SOC/​SOC  925 — SEMINAR: SOCIO-ECONOMIC CHANGE IN UNDERDEVELOPED AREAS

2-3 credits.

Social and economic factors relating to stability, growth, and change in the non-Western areas of the contemporary world. Enroll Info: None

ECON 955 — WORKSHOP IN LABOR ECONOMICS

1-7 credits.

Analysis of current research in wage determination and the functioning of labor markets. Enroll Info: None

ECON 956 — WORKSHOP IN LABOR ECONOMICS

1-7 credits.

Second in a two seminar sequence on the analysis of current research in wage determination and the functioning of labor markets. Enroll Info: None

ECON/​LAW  961 — SELECTED PROBLEMS IN TRADE REGULATION-SEMINAR

2-3 credits.

Topics reflect interests of instructor and students. Enroll Info: None

ECON 965 — WORKSHOP ON QUANTITATIVE MACRO-ECONOMIC ANALYSIS

1-7 credits.

Current research on macroeconomic models, monetary theory and policy, the theory of portfolio selection, and the allocative and distributive performance of capital markets. Enroll Info: None

ECON 966 — WORKSHOP ON QUANTITATIVE MACRO-ECONOMIC ANALYSIS

1-7 credits.

Second in a two seminar sequence on current research on macroeconomic models, monetary theory and policy, the theory of portfolio selection, and the allocative and distributive performance of capital markets. Enroll Info: None

ECON 968 — WORKSHOP ON PUBLIC ECONOMICS

1-7 credits.

Individual research and group discussion of public expenditure programs with attention to investment in human capital, education, training, health information, and welfare programs. Reports on research in progress by students, staff, visiting scholars. Enroll Info: None

ECON 969 — WORKSHOP ON PUBLIC ECONOMICS

1-7 credits.

Second in a two seminar sequence on individual research and group discussion of public expenditure programs with attention to investment in human capital, education, training, health information, and welfare programs. Reports on research in progress by students, staff, visiting scholars. Enroll Info: None

ECON 977 — WORKSHOP IN INTERNATIONAL ECONOMICS

1-7 credits.

Current research in international trade; a wide range of topics in theory, quantitative analysis, statistics, and policy. For graduate students in their second or later years when working on theses. Enroll Info: None

ECON 978 — WORKSHOP IN INTERNATIONAL ECONOMICS

1-7 credits.

Second in a two seminar sequence on the current research in international trade; a wide range of topics in theory, quantitative analysis, statistics, and policy. For graduate students in their second or later years when working on theses. Enroll Info: None

ECON/​AFRICAN/​ANTHRO/​GEOG/​HISTORY/​POLI SCI  983 — INTERDEPARTMENTAL SEMINAR-AFRICAN STUDIES

3 credits.

Interdisciplinary inquiry in African society and culture. Enroll Info: None

ECON 990 — THESIS

2-9 credits.

Independent research and writing for graduate students under the supervision of a faculty member. Enroll Info: None

ECON 999 — INDEPENDENT WORK

2-9 credits.

Directed study projects for graduate students as arranged with a faculty member. Enroll Info: None