ECON 5501      Advanced Macroeconomic Analysis
Basic theoretical concepts of national income and statistical tools utilized in its measurement. Aggregate demand and supply as problems of economic dynamics. The course includes examination of the primary competing theoretical approaches: neoclassical, Keynesian, new classical, real business cycle, new keynesian supply side, Austrian, and Post Keynesian. Topics covered inclue growth, money, labor markets consumption, investment, expectations formation, role of time and uncertainty, equilibrium and disequilibrium analysis, exchanges rates, international trade. and optimal currency areas. Policy implications of the various macroeconomic theories are explored. Prerequisites: ECON 301 and ECON 302, or their equivalent. Offered: Fall 2001.
Credits: 3 hours
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ECON 5502      Advanced Microeconomic Analysis
The course first provides a critical survey of neoclassical microeconomic theory, including methodology, demand theory, production and cost theory, theory of competitive and non-competitive markets, distribution, welfare, and general equilibrium. It then introduces heterodox microeconomic theory, covering its historical origins, methodology, structural organization of economic activity, in-put-output models, flow of funds, agency and institutions, and the business enterprise. Prerequisites: ECON 302, ECON 521
Credits: 3 hours
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ECON 5503      Advanced Heterodox Economics
The course examines various theoretical approaches and topics, both historically and currently, that constitute heterodox economics. In particular the course deals in depth with the mathematical and economic properties of heterodox production and price models. After reviewing the mathematics of linear production-price models, the module will examine Leontief, Sraffian, and other heterodox price and production models. Prerequisites: Econ 301, Econ 302, and Math 210.
Credits: 3 hours
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ECON 5504R      American Economic History Since 1865
The course deals with the emergence of Industrial America since 1865. It will cover the rise to dominance of the large modern corporation, with the problem of economic and social instability and stability, with the rise of trade associations, cartels, and government regulation in an unstable economy, and with the evolution of American economic policy and national economic planning. The course is the same as HISTORY 566R.
Credits: 3 hours
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ECON 5504RR      American Labor History
This course examines the history of work and the working class in the U.S. from 1750 to the present. We will focus on the transformation of the workplace,the rise of the union movement, the nature of cultural and political organizations,workers' relationships with other social groups,and the role played by gender,race,and ethnicity in uniting or dividing the working class. Also cross-listed with HISTORY 566RR. Prerequisites: graduate standing
Credits: 3 hours
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ECON 5505      Advanced Comparative Economic Systems
Contents vary depending upon the instructor's design for the course. Prerequisite: ECON 301, ECON 302.
Credits: 3 hours
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ECON 5506      Advanced History Of Economic Thought
This seminar uses issues raised in the reading of two 'classic' primary texts, Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations (1776) and John Maynard Keynes's The General Theory of Employment, Interest and Money (1936), as points of departure for the examination of a series of topics in the history and development of economics and alternative paradigms in the discipline. These investigations will lead lus to the study of a number of other seminal articles, representing alternative approaches in the field. Topics include competition, accumulation, path dependence and endogenous technical change, cumulative causation, the laws of return, money and credit, capital theory, and more. Prerequisites: ECON 301,ECON 302
Credits: 3 hours
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ECON 5508      Controversial Issues In Recent Economic Literature
This course will focus on theoretical and policy-oriented controversies that have occured in economic in the 20th century. The type of controversies covered include, but are not restricted to, money, unemployment, business cycles and economic growth, pricing and administered prices, capital controversy, labor theory of value controversy, and free trade vs. protectionism. While the course concentrates on recent debates, it identifies the origins of the modern disputes in earlier controversies. For each controversy, its real world importance and policy implications are discussed.
Credits: 3 hours
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ECON 5512      Advanced Economic Development
Contents vary depending upon the instructor's design. Prerequisite: ECON 301, ECON 302.
Credits: 3 hours
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ECON 5513      Economic Cycles And Growth
A critical review and evaluation of economic analysis and the forces of economic fluctuation and growth; and analysis of statics, dynamics, monopolistic competition, the role of the interrelationships of the market structure and other institutional forces as they relate to fluctuations and growth. An emphasis will be made on the critical evaluation of recent literature in the field of economic analysis related to fluctuations, growth, statics, dynamics, market structure and the reinterpretation of economic fluctuations, growth, forecasting and overall economic behavior. An analysis of the technological, monetary, and fiscal policy implied by economic trends and growth will also be discussed. Prerequisite: ECON 501 or its equivalent or by special permission of the instructor.
Credits: 3 hours
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ECON 5516L      Law And Economics
This course will examine the use of economic principles in the analysis and applicatins of public and private law. Emphasis will be given to the efficiencies of laws in meeting social objectives, how laws can be modified to become more economically efficient, and the uses of economics in the actual practice of the law. Issues covered will include proofs of liability in antitrust, contracts and employment law using statistical and economic analysis, and the calculation of economic damages in commercial, employment and personal injury/death litigation.. Graduate students will be assigned a specific research paper.. Prerequisites: ECON 302 or consent of instructor.
Credits: 3 hours
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ECON 5521      Mathematical Economics
An introduction to mathematical methods as applied to the questions addressed by economists. The principal methods to be applied are matrix algebra and differential calculus in the context of optimization. Other topics may include integral calculus, differential equations, difference equations or linear and nonlinear programming. Prerequisites: ECON 301, ECON 302 and MATH 110 or equivalent
Credits: 3 hours
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ECON 5525      Econometric Methods
Continuation of ECON 425. The major problems encountered in building and testing economic models are treated and alternative solutions to these problems are discussed. Major topics include corrections for heteroscedasticity and autocorrelation, maximum likelihood and BLUE estimation, simultaneous equations methods, probit and logit analysis and distributed lags. Other topics may include ARIMA or other series analytic methods, three stage least squares and dynamic multipliers or simulation. Work with econometric software is stressed. No programming experience necessary. Prerequisite: ECON 425 or equivalent and ECON 521
Credits: 3 hours
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ECON 5529      Readings In Quantitative Economics
Readings from the economic literature which stress advanced mathematical or econometric tools. A general subject matter is selected by the student with the consent of the instructor. Prerequisites: ECON 521,ECON 525
Credits: 3 hours
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ECON 5531      Monetary Theory And Policy
A study of the nature and functions of money and the financial system, with emphasis on monetary theory and its application to current banking and financial problems; recent contributions to monetary theory and current literature. Prerequisite: ECON 301.
Credits: 3 hours
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ECON 5535      Theory Of Public Finance
An inquiry into the scope and nature of economics with emphasis on the nature of the public sector including a brief study of welfare criteria along with the study of ability to pay, benefit theory of taxation, and expenditure theories.
Credits: 3 hours
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ECON 5537      State And Local Government Finance
This course investigates the role, problems and relative importance of municipal governments in the United States. Such areas as the demand for public services, tax and expenditure policies, and intergovernmental fiscal relations will be explored in detail. Case studies of state and local governments will be introduced to emphasize the problems and proposed solutions arising in modern municipal governments. Prerequisite: ECON 302.
Credits: 3 hours
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ECON 5538      Economic Policy
Analysis of the confluence of political and economic behavior, the economics of collective action. Prerequisites: ECON 301 and ECON 302
Credits: 3 hours
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ECON 5540      Advanced International Trade
This course emphasizes the global allocation of resources and distribution of income under various commodity market conditions and government trade policies. Major topics include: comparative advantage; terms of trade; the distribution of gains and losses from trade; perfect vs. imperfect competition; tariffs, quotas and other barriers to trade; exchange rates and the balance of payments; preferential trading arrangements; international factor movements and multinational corporations. Prerequisites: ECON 302, or equivalent; graduate status.
Credits: 3 hours
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ECON 5542      Advanced International Finance
This course emphasizes the global activity and balance of payments implications of government taxation, expenditure and monetary policies under various capital market conditions. Major topics include: exchange rates and the balance of payments; national income determination in an open economy; integratedand non-integrated capital markets; economic growth, stabilization policies and the quest for global economic stability.
Credits: 3 hours
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