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European Economic History

ECON 5101 - European Economic History

The economic development of Europe from the Industrial Revolution to World War I. Emphasis on the economic and social factors that led to the industrialization of Europe.

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ECON 5102 - American Economic History

The growth and development of the American economy and the evolution of its economic institutions from the colonial period to the present. Assessment of agriculture, industry, transportation, commerce, finance, government, and population; and of their interaction with the physical environment, technology, public policy, and the world economy.

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ECON 5110 - History of Economic Thought

History and methodological underpinnings of economic ideas from ancient times to the present. Particular attention to Smith, Marx, Marshall, and Keynes.

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ECON 5128 - Economic Rights

Economic Rights include the right to an adequate standard of living, the right to work, and the right to basic income guarantees for those unable to work. These rights are grounded in international law – particularly in the Universal Declaration of Human Rights and the International Covenant on Economic, Social, and Cultural Rights. This class will explore the conceptual bases, measurement, and policy applications of economic rights. Specific topics will include: child labor, the right to development, non-governmental initiatives, and the institutionalization of economic rights (e.g., constitutionalization versus statutory implementation versus discretionary policies).

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ECON 5198 - Topics in Economic History

Focuses on critical episodes and salient turning points in the history of European, American, and Third World economic development; emphasis on institutional and technological factors. Evaluates different approaches.

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ECON 5201 - Microeconomics

Beginning graduate microeconomics covering consumer and producer theory, price determination, economic efficiency, and welfare analysis. Not open for credit to students who have passed ECON 2211Q.

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ECON 5202 - Macroeconomics

Survey of the field: its historical foundations and development, conceptual framework, and application to current macroeconomic problems. Not open to students who have passed ECON 2212Q.

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ECON 5298 - Topics in Microeconomics

Topics in microeconomic theory. Students choose the material to be covered.

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ECON 5301 - Mathematical Economics

Use of mathematical concepts such as matrix algebra, optimization, andcomparative statics, to study economic problems.

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ECON 5311 - Applied Econometrics I

Statistical theory and linear regression applied to business and economic problems.

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ECON 5312 - Applied Econometrics II

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ECON 5314 - Causal Program Evaluation

Survey of the statistical methods and tools commonly used to evaluate causal claims about the impact of public policies and programs. This course is a required MPP course. Cross-listed with PP 5314.

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ECON 5348 - Economic Development Policy

The role of government in the economic development of underdeveloped countries. Topics include: alternative paradigms of development and the resulting place for government in the economy; the theory, institutions, and policies of government in planning, fiscal, and monetary concerns; analysis of policy instruments influencing international trade and financial flows; and the influence of international organizations on the development process.

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ECON 5411 - Monetary Theory and Policy

Theoretical analysis of the role of money in the economy, including general equilibrium and monetarist frameworks, the demand for and supply of money, channels of monetary influence, and determinants of long-term and short-term interest rates. Problems of monetary policy, such as selection of instruments and targets, use of discretionary policy, and stability of the money multiplier.

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ECON 5416 - Issues in Monetary Theory and Policy

Contemporary theoretical and policy issues in money, such as portfolio theory, the money supply process, the mechanics of policy implementation, “crowding out,” dynamic macro models, disequilibrium macro models, and rational expectations.

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ECON 5421 - International Trade: Theory and Policy

The economic aspects of international relations, including the pure theory of international trade and the instruments of commercial policy. Topics include comparative advantage; international economic policies; and regional economic integration.

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ECON 5422 - International Finance: Theory and Policy

Theoretical and historical analysis of international finance, including balance-of-payments adjustments, foreign-exchange markets, international capital flows, and the effectiveness of macroeconomic policies in open economies.

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ECON 5433 - Federal Finance

Theories of government in the economy including general equilibrium, public choice and institutional economics. Government expenditures: budgeting, cost-benefit studies and analysis of specific expenditure programs. Taxation: equity and efficiency criteria for evaluating taxes, with application to major sources of revenue; public debt.

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ECON 5434 - State and Local Finance

Taxes and expenditures in a federal system, with particular emphasis on intergovernmental relationships. Rationale for federalism, problems of public choice, and tax incidence analysis.

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ECON 5439 - Urban and Regional Economics

Theoretical and empirical analysis of urban and regional systems in developed and developing economies. Special emphasis on the spatial characteristics and problems of metropolitan markets for housing, transportation services, productive factors, and final products; land-use controls, housing subsidies, public transit, and other forms of public sector intervention.

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ECON 5441 - The Labor Market

A thorough examination of the labor market. Topics include human capital, wage determination, public policy, and money wage rates.

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ECON 5461 - Industrial Organization

Survey of contemporary theory and models of the organization of industry. Topics include oligopoly; product differentiation; advertising; innovation; contestable markets; the financial theory of the firm; dynamic and evolutionary models; and transaction-cost economics.

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ECON 5462 - Topics in Public Policy Toward Industry

Theories of economic regulation. U.S. antitrust policy. Regulation of natural monopolies in theory and practice. Health and safety regulation.

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ECON 5463 - The Economics of Organization

Surveys the modern agency, transaction-cost, and evolutionary theories of organization. Topics include measurement and monitoring costs, asset specificity, incomplete-contracts theory, the dynamic capabilities approach, and alternative organizations.

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ECON 5473 - Economic Development

An examination of the problems facing the less developed nations. Comparisons of alternative paradigms of economic development (orthodox to political economy) and the strategies and policies they imply.

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ECON 5474 - Seminar in Development and Growth

A continuation of Economics 350. Topics include agriculture and industry in development, investment criteria, essentials of developing planning, the promotion of domestic saving and fixed investment, foreign aid, improvements in international trade, and human capital formation.

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ECON 5479 - Economic Growth and Fluctuations

Economic growth and business cycles in the economically advanced countries, with emphasis on both theory and evidence.

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ECON 5494 - Applied Research Seminar

A survey of research methods in economics and development of individual research projects.

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ECON 5495 - Topics in Economics

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ECON 5499 - Independent Study in Economics

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ECON 5500 - Writing in Economics

Techniques for, and practice in, research, writing, citation, and data presentation in economics.

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ECON 6110 - History of Economic Thought

Advanced treatment of the history and methodological underpinnings of economic ideas from ancient times to the present. Particular attention to Smith, Marx, Marshall, and Keynes.

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ECON 6201 - Microeconomic Theory I

Neoclassical consumer and producer theory, choice under uncertainty, competitive and monopoly markets, and an introduction to general equilibrium.

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ECON 6202 - Macroeconomic Theory I

A rigorous course in dynamic general equilibrium models. Emphasis on analytical techniques and numerical solution methods.

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ECON 6211 - Microeconomic Theory II

Game theory, information, and related topics.

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ECON 6212 - Macroeconomic Theory II

Stochastic modeling, recent developments in the literature, and policy applications. Topics may include real business cycle theory, new classical economics, neo-Keynesian theory and growth models.

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ECON 6301 - Advanced Mathematical Economics I

An introduction to advanced mathematical topics with applications to economics. Topics and applications may include set theory, logic, topology, difference and differential equations, game theory, preference theory and matching models.

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ECON 6302 - Advanced Mathematical Economics II

Topics and applications may include: dynamic programming, fixed-point theorems, measure theory, Markov chains and processes, functional analysis, and advanced optimization.

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ECON 6310 - Econometrics I

First advanced course in econometrics methods used in economics. Properties of classical linear regression. Statistical theories that underpin econometric methods.

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ECON 6311 - Econometrics II

Large sample linear regression, time series analysis, maximum likelihood, GMM, and qualitative choice models.

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ECON 6312 - Econometrics III

Special topics from recent advances in econometrics.

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ECON 6400 - Independent Study

Students pursue an in-depth study of an area of interest under the guidance of a faculty member.

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ECON 6411 - Advanced Macroeconomics I

Advanced treatment of material covered in ECON 6202 and ECON 6212.

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ECON 6412 - Advanced Macroeconomics II

Advanced treatment of material covered in ECON 6202 and ECON 6212.

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ECON 6421 - Advanced International Trade: Theory and Policy

Advanced treatment of material covered in ECON 5421.

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ECON 6422 - Advanced International Finance: Theory and Policy

Advanced treatment of material covered in ECON 343.

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ECON 6435 - Government Expenditures

Theory and evidence of government expenditure policy.

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ECON 6436 - Government Revenues

Positive and normative analysis of alternative government resource uses.

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ECON 6441 - Advanced Labor Economics I

Labor supply with an emphasis on the family. Applications in the area of demography, development, and health.

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ECON 6442 - Advanced Labor Economics II

Labor demand and other applied topics in labor economics.

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ECON 6461 - Industrial Organization

Advanced treatment of the behavior and performance of firms in imperfectly competitive markets. Topics include the theory of the firm and costly contracting; information and strategic behavior; and product differentiation.

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ECON 6462 - The Organization of Industry

Advanced treatment of the behavior and performance of firms in imperfectly competitive markets. Topics include advertising, industrial R&D, and two-sided markets.

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ECON 6463 - Economics of Organization

Advanced treatment of material covered in ECON 5463.

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ECON 6466 - Environmental Economics

Economic analysis of environmental problems and corrective policy instruments. Topics covered will include the theory of externalities and public goods, the role of uncertainty and imperfect information in policy design, benefit-cost analysis, and non-market valuation. Applications to various environmental problems (such as air and water pollution, hazardous waste, and occupational health and safety) will be discussed.

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ECON 6473 - Economic Development: Microeconomic Issues

Overview of current literature on microeconomics of development, including human capital, internal structure of households, functioning of factor markets, and the role of institutions in mediating change.

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ECON 6494 - Graduate Seminar

Participation in departmental research seminars and presentation and discussion of original research projects. Students taking this course will receive a grade of Satisfactory (S) or Unsatisfactory (U).

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ECON 6498 - Variable Topics

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