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Department of Agricultural and Applied Economics ECON Graduate Courses

AAEC Graduate Courses

ECON Graduate Courses

Graduate School Catalog

5005, 5006 Microeconomic Theory

An intensive treatment of modern microeconomic theory using mathematical tools and analytic concepts. 5005: consumer theory, theory of the competitive firm, introduction to general competitive market equilibrium, and monopoly effects. 5006: general equilibrium and welfare economics, uncertainty and information economics, theory of games, and oligopoly. (5005: Fall; 5006: Spring, 3 credits)

5015, 5016 Macroeconomic Theory

An intensive treatment of modern macroeconomic and monetary theory. 5015: national income accounts, effective demand, neoclassical and Keynesian theories of capital and interest, money and securities markets, and introduction to macroeconomic dynamics and rational expectations. 5016: equilibrium models of prices and employment, disequilibrium analyses, implicit contract models of employment, and search models. (5015: Spring; 5016: Fall, 3 credits)

5124 Mathematical Economics

Extensive treatment of mathematical techniques for economic modeling. Review of linear algebra and calculus. Static optimization with Lagranigian and Kuhn-Tucker methods: Differential and difference equations; dynamic optimization with calculus of variations, optimal control and dynamic programming. (Fall, 3 credits)

5964 Experimental Economics

Laboratory Techniques are valuable for answering research questions which defy traditional empirical analysis due to lack of field data. Examples include proposed regulations, new market designs and tests of theory. The goal of this course is two-fold: to develop skills in experimental methods appropriate for economics and related fields and to familiarize students with the results of experimental tests of economic theory. (Spring, 3 credits, alternate years)

5984 (AAEC 5984) Applied Economics

Introduction to modeling economic problems through tools of rationale choice. Selected microeconomic and macroeconomic policy issues are addressed and analytic methods developed to provide information on these issues. (Fall, Spring: Two-semester sequence for first-year Ph.D. students, 3 credits).

5984 Special Study

Various topics based on faculty and student interest. (Variable credit)

5994 Research and Thesis

Variable credit course for thesis research.

Old: 6005, 6006 Contemporary Allocation Theory

New: 6005, 6004 Contemporary Allocation Theory, Strategic Behavior

Recent developments in microeconomics and game theory. Topics in equilibrium analysis, bargaining theory, theory of cooperative and noncooperative games, and the economics of uncertainty. Pre: ECON 5005, 5006 (3 credits)

Old: 6015 Aggregate Economic Analysis

New: 6014

Topics of current importance in theoretical and empirical macroeconomics. Monetary theory, the theory and econometrics of rational expectations, linear projection theory, time series analysis, stochastic growth theory. Pre: ECON 5006, 5016 (3 credits)

6024 Advanced Topics in Econometric Theory

The application of econometrics in different estimation environments. Asymptotic theory, hypothesis testing in nonlinear models, specification testing, and model selection. An advanced course for students wishing to specialize in econometrics. Pre: AAEC/ECON 5127 (3 credits)

6044 Collective Choice

Analysis of decision-making processes in committees, clubs, legislatures, and electorates. Pre: ECON 5005, 5006. (4 credits)

6054 Development Economics

Microeconomic and macroeconomic approaches to economic development. Topics include neoclassical and dualistic growth models, development, resource allocation with imperfect markets for land, labor, and capital, planning techniques and project evaluation, and trade and development. (Fall, 3 credits)

6074 Graduate Law and Economics

Economic analysis of the impact of legal institutions on the economy, and of the impact of economic motives and reasoning on both common law and statute law. (4 credits)

6104 Labor Economics

Labor demand and supply, investment in human capital, discrimination in the labor market and the theory of equalizing wage differentials, search and employment, unions, and income distribution. Pre: ECON 5005. (Fall, 4 credits)

6204 Public Economics

Taxation theory (excess burden and optimal taxation, incidence, and effects of taxation on savings and investment) and expenditure theory (public goods, externalities, public sector pricing, and social insurance). Pre: ECON 5005, 5006. (Fall, 3 credits)

6304 International Trade and Finance

Ricardian and Hecksher-Ohlin-Samuelson trade theories, and extensions of these theories dealing with trade policy, factor mobility, uncertainty, and intra-industry trade. Theories of monetary and fiscal policy in an open economy, exchange rate determination, and balance of payments adjustment. Pre: ECON 5005, 5015. (Fall, 3 credits)

6404 Industry Structure

Effects of industry structure on price and non-price behavior of firms, on market equilibrium, and on economic welfare. Problems of oligopolistic industries and analysis of regulation and anti-trust policies. Pre: ECON 5005. (Fall, 3 credits)

6444 (AAEC 6444) Regional and Urban Economics

An advanced study of the theory and application of regional and urban economics, with particular focus on the spatial aspects of economic activity. Topics include: models of regional economies, location choice of firms and consumers, local public finance, housing, transportation, and labor markets. Pre: ECON 5005, AAEC/ECON 5126; (Spring, 3 credits)

6474 (ECON 6474) Applied General Equilibrium Analysis

Theoretical and empirical issues in developing and implementing numerical general equilibrium models. Development of basic analytical framework, model properties, and applications. PRE: ECON 5005, 5006, (Spring, 3 credits)