Economics

Three/Two Program
Master of Arts
Courses of Instruction

Program under review at time of printing.

Available on the Master of Arts degree.

Three/Two Program.
A combined bachelor's and master's degree program in Economics is available allowing the student to obtain both degrees in five years. See the Department of Economics for details.

Master of Arts


Prerequisites:
Equivalent of 15 semester hours in undergraduate economics courses (including three hours in intermediate microeconomic theory and three hours in intermediate macroeconomic theory), plus three semester hours each of statistics and the equivalent of MATH 10524. Applicants not meeting these requirements may be accepted with the condition that they remove the deficiencies by enrolling in the appropriate undergraduate courses.

Program:
The requirements for graduation with a Master of Arts degree in Economics may be satisfied in either of two ways:

Thesis track:
By completing 30 semester hours of graduate level credit including ECON 60213, Microeconomic Theory; ECON 60223, Macroeconomic Theory; ECON 60313, Research Proposal Seminar; ECON 50343, Econometrics; and six semester hours of Thesis. Students must also pass a comprehensive theory examination.

Non-thesis track:
By completing 33 semester hours of graduate level credit including ECON 60213, Microeconomic Theory; ECON 60223, Macroeconomic Theory; ECON 60313, Research Proposal Seminar; ECON 50343, Econometrics; and ECON 6433, Master's Research. Students must also pass a comprehensive theory examination.

A maximum of six semester hours credit may be taken outside the Department.
Candidates for the M.A. degree are required to perform satisfactorily in a final oral examination.

The following is a complete list of courses offered by this department. Go to Class Search to see which courses are being taught this semester.

Courses of Instruction

50113 INDUSTRIAL ORGANIZATION. Prerequisites: ECON 30223 or graduate standing in economics or business. Theoretical and empirical examination of the interrelationships between market structure, conduct and performance in the industrial sector of the economy.

50123 INTERNATIONAL TRADE AND PAYMENTS. Prerequisites: ECON 10223 and 10233 or graduate standing in business. Surveys of international trade relationships, balance of payments accounting, theories explaining the pattern of trade and its relationship to economic welfare, policies affecting the pattern of a country's trade with the rest of the world.

50133 INTERNATIONAL MONETARY ECONOMICS. Prerequisites: ECON 10223 and 10233 or graduate standing in business. Surveys of various theories of exchange rate determination, along with evaluation of fixed, flexible and mixed exchange rate regimes. In addition, long-term and short-term capital flows are described and explained.

50343 ECONOMETRICS. Prerequisites: ECON 10223 and 10233 and either MATH 10043 or DESC 20153, or graduate standing in business. Techniques of simple and multiple regression. Methods for correcting problems of autocorrelation, heteroscedasticity, and multicollinearity.

50353 MODELING AND SIMULATION. Prerequisites: DESC 20153 or Econometrics, computer experience or permission of instructor. An analysis of systems and modeling techniques. The application of such techniques to economic systems. The study of regional economic models and their use in public policy design.

50413 INDUSTRY STUDIES. Prerequisites: ECON 30223 or graduate standing in economics or business. Study of the market structure, conduct and performance of American industries using a case study approach.

50423 REGULATION OF ECONOMIC ACTIVITY. Prerequisite: ECON 30223 or graduate standing in business. Public policy relative to commercial and industrial enterprise. Federal agency regulation. Emphasis on industrial and market concentration, competition and monopoly, public utilities, consumer protection and environmental pollution and control policies.

50443 INTERNATIONAL ECONOMIC STUDIES. Prerequisites: At least 9 semester hours credit in economics or graduate standing in business. Detailed analysis of current problems in international economic relationships. The list of topics selected on the basis of their significance in policy design, policy analysis, or contemporary economic well-being.

50453 MACROECONOMIC STUDIES. Prerequisites: ECON 30233 or graduate standing in business. Analysis of current macroeconomic issues in theory and policy. Topics may include economic growth, fluctuations in business activity, invest ment behavior, consumption functions, macroeconomic planning, and the policy formulation process.

50463 REGIONAL ECONOMIC DEVELOPMENT. Prerequisites: ECON 30223 or graduate standing in business. Theoretical and empirical examination of regional economic development. Topics may include regional economic resources, development potential, factors affecting industrial location, planning and organization of industrial development, spatial aspects of poverty and urban problems, and methods of regional analysis.

50473 SEMINAR IN FINANCIAL ECONOMICS. Prerequisite: ECON 30423, or graduate standing in Economics or Business. Analysis of significant contributions to the literature on investment. Portfolio selection and management giving attention to fundamentalist technical and cyclical approaches.

50483 FINANCIAL HISTORY. Prerequisites: ECON 10223 and ECON 10233 or graduate standing in Economics or Business. Examines important topics in the development of American and Western European monetary and financial systems. Historical perspectives on innovation, stabilization, and regulation within the major themes of monetary regimes, banking systems, and capital markets.

50970 DIRECTED STUDIES IN ECONOMICS. Prerequisites: 12 hours in economics and senior or graduate standing. Supervised reading, research, and preparation of a substantial paper.

60213 MICROECONOMIC THEORY. Prerequisites: Graduate standing in economics or business. Study of the economic system from a microeconomic perspective with the help of mathematical models. Topics include the theory of utility and demand, the theory of the firm and market structures and the theory of welfare economics.

60223 MACROECONOMIC THEORY. Prerequisites: Economics 60213. Study of the economic system from a macroeconomic perspective. Examination of the determinants of national income, employment, wage levels, and price levels. Use of several alternative analytical frameworks including Keynesian and Classical equilibrium models.

60313 RESEARCH PROPOSAL SEMINAR. Prerequisites: Economics 60213 and Economics 60223. Course designed to introduce the graduate student to conducting independent research. Topics include literature searches, proposal writing, data sources, publishing, and writing methods and practices.

60323 TOPICS IN APPLIED ECONOMETRICS. Prerequisites: Economics 50343 and Economics 60213. Methods used by economists to solve problems that are found in certain data sets and that invalidate the results of classical regression models. Possible topics include two- and three- stage least squares, maximum likelihood, probit analysis and ridge regression, among others.

60413 SEMINAR IN APPLIED MICROECONOMICS. Prerequisites: Economics 60213, additional prerequisites as required for particular topics. Experience in investigating and analyzing specific microeconomic conditions or policies. The focus for each seminar will be selected from a list of current concerns for which adequate literature is available. Topics might include health care, deregulation, market concentration, tax policy, public utilities, environmental protection or any topic relating to allocation or distribution issues. (May be repeated one time for credit.)

60423 SEMINAR IN APPLIED MACROECONOMICS. Prerequisites: Economics 60223, additional prerequisites as required for particular topics. Experience in investigating and analyzing specific macroeconomic conditions or policies. The focus for each seminar will be selected from a list of current concerns for which adequate literature is available. Topics might include counter-inflation policies, unemployment policies, growth policies, monetary policy, fiscal policy, or any topic relating to inflation, unemployment or economic growth. (May be repeated one time for credit.)

60433 MASTER'S RESEARCH. Prerequisites: Graduate standing in economics and satisfactory arrangements with a faculty supervisor. An assigned project of a type that is likely to be encountered in a typical work experience to be completed in one semester or two summer sessions. Project will involve data collection, data processing and analysis and the preparation of a formal report to the supervising faculty member.

60970 TOPICS IN ECONOMIC ANALYSIS. Prerequisites: Graduate standing; others vary with the topic of the course. May be used as a tutorial or as a scheduled course when topic is not appropriate to an existing course.

70771 Selected when enrolling only for non-thesis examination or preparation for the examination.

70980 THESIS.

70990 THESIS. Prerequisite: Admission to candidacy. Continuation of 70980.