| ECG 503 | Economics Of Recreation | UNITS: 3 - Offered in Fall Only |
| Prerequisite: EC 301 or 401 |
| Principal emphasis on identity and importance of economic information for planning. Examination of market mechanism and government as they affect and interact to affect allocation of resources to recreation, distribution of recreation services and behavior of recreationists. Other topics including demand analysis, economics of planning, cost/benefit analysis, secondary economic impacts, public decision making, externalities, public finance and supply considerations in urban and rural recreationsituations. |
| |
|
|
| ECG 504 | Monetary and Financial Macroeconomics | UNITS: 3 - Offered Alternate Years, Offered in Spring Only |
| Prerequisite: ECG 703 |
| Financial and monetary determinants of national income and employment and levels of wages, the interest rate and inflation. Emphasis on money supply and banking system. Special topics include banking regulation, budgetary deficits and dynamics of money stock determination. |
| |
|
|
| ECG 505 | Applied Microeconomic Analysis | UNITS: 3 - Offered in Fall and Spring |
| Prerequisite: EC 301 and MA 121 |
| Applied course in microeconomic analysis of public policy issues and management problems. Theory of consumer and producer behavior in a market economy. The roles of incentives, price determination incompetitive markets, cost analysis, pricing in noncompetitive markets, factor markets, general equilibrium, economic and social welfare, regulation, externalities, and public goods. |
| |
|
|
| ECG 506 | Applied Macroeconomic Analysis | UNITS: 3 - Offered in Fall Only |
| Prerequisite: EC 302 and MA 121 |
| Applied course in aggregate economics. Analysis of aggregate economic fluctuations and stabilization policy; inflation and disinflation; the Federal budget and international balance of trade; and economic growth. Capital markets, monetary and fiscalpolicy, banking system, foreign exchange markets and their effects on business conditions. Development of standard macroeconomic model in context of specific applications. |
| |
|
|
| ECG 508 | Macroeconomics and the Business Environment | UNITS: 2 - Offered in Fall and Spring |
| Prerequisite: ECG 507 |
| Applications of aggregate economics to issues of management decisions. Basic macroeconomic analysis; fiscal and monetary policy issues; international dimensions of trade; capital markets and financial intermediation. |
| |
|
|
| ECG 512 | Law and Economics | UNITS: 3 |
| Prerequisite: EC(ARE) 301 or EC(ARE) 401 |
| Economic analysis of sources and effects of law, including common law, statutory law and regulation. Property rights and contracts, liability rules, crime and punishment, statutory enactment, bureaucratic behavior and institutional reform. |
| |
|
|
| ECG 514 | Economics of Information Goods | UNITS: 3 - Offered in Spring Only |
| Prerequisite: EC 301 or ECG 507 |
| Pricing and marketing of information goods, good which can be digitized. Examples from the software, telecommunication, and entertainment industries. Competition in high-technology industries. Policy issues including antitrust in information goodindustries. "Winner-take-all" markets, and protection of intellectual property. |
| |
|
|
| ECG 515 | Environmental and Resource Policy | UNITS: 3 - Offered Alternate Years, Offered in Fall Only |
| Prerequisite: EC(ARE) 301 or 401 |
| Application of price theory and benefit-cost analysis to public decisions related to resources and environment. Emphasis on evaluation of water supply and recreation investments, water quality management alternatives, public-sector pricing, common property resources and optimum management of forest and energy resources. |
| |
|
|
| ECG 521 | Markets and Trade | UNITS: 3 - Offered in Fall Only |
| Prerequisite: EC(ARE) 301 or 401 |
| Emphasis upon space, form and time dimensions of market price and the location and produce combination decisions of firms. Consideration of way in which non-price factors and public policy choices influence firm behavior and the efficiency of marketing systems. Emphasis upon application of these models to agricultural, industrial and public service questions, including relationships between resource availability and spatial arrangement of economic activity. |
| |
|
|
| ECG 523 | Planning Farm and Area Adjustments | UNITS: 3 - Offered Alternate Years, Offered in Spring Only |
| Prerequisite: EC(ARE) 301, ARE 303 or EC(ARE) 401 |
| Application of economic principles to production problems on typical farms in the state; methods and techniques of economic analysis of the farm business; application of research findings to production decisions; development of area agricultural programs. |
| |
|
|
| ECG 528 | Asset Pricing | UNITS: 3 - Offered in Fall Only |
| Prerequisite: MA 301, MA 305 and MA 421 |
| Introduction to major fundamental assets (stocks and bonds), interest rates, and derivative assets, such as put and call options. Arbitrage theorem, present value, risk aversion, hedging, duration, properties of derivative assets, binomial trees, elementary stochastic calculus, Black-Scholes option pricing formula, implied volatility, capital asset pricing model. Emphasis on mathematical methods used to price derivative assets. |
| |
|
|
| ECG 532 | Economics of Trade Unions | UNITS: 3 |
| Prerequisite: EC 301 or 401 |
| Examination of growth of trade union movement in US. Primary consideration given to impact of unions on economy through their influence on wages, prices, employment and resource allocation. Relationship between government and unions, changing compensation mix and recent growth in public employee unionism. |
| |
|
|
| ECG 533 | Economics Of World Food and Agricultural Policy | UNITS: 3 - Offered in Fall Only |
| Prerequisite: EC(ARE) 301 or 401 |
| Economic analysis of causes and effects of agricultural policies commonly applied in developed, developing and planned economies. Emphasis on economic models of policy analysis. Examination of impact of commodity, farm input, international trade, consumer and general economic policies on agriculture and the whole economy. Effects of policy on income distribution and economic development. |
| |
|
|
| ECG 537 | Health Economics | UNITS: 3 - Offered in Fall Only |
| Prerequisite: EC(ARE) 401 or ECG 700 |
| Microeconomic analysis of public and private policy issues concerning health care financing and delivery in United States including: choice under conditions of asymmetric information; health insurance; performance of physician, hospital, long-term care and pharmaceutical markets. |
| |
|
|
| ECG 540 | Economic Development | UNITS: 3 - Offered Alternate Years |
| Prerequisite: EC(ARE) 301 or 401 |
| Examination of problems encountered in promoting regional and national economic development. Consideration given to structural changes required for raising standards of living. Some basic principles of economics applied to suggest ways of achieving development goals. Planning strategies, policies and external assistance. |
| |
|
|
| ECG 548 | International Economics | UNITS: 3 - Offered in Fall Only |
| Prerequisite: EC 301 |
| This course covers the determinants of international trade, migration, and investment and their connection with economic growth. It also covers macro/monetary issues, including exchange rates, financial markets and monetary-fiscal policy in open economies. |
| |
|
|
| ECG 551 | Agricultural Production Economics | UNITS: 3 - Offered in Spring Only |
| Prerequisite: MA 131 and EC(ARE) 301 or 401 |
| Economic analysis of agricultural production including: production functions, cost functions, programming and decision-making principles. Applications of these principles to farm and regional resources allocation, and to distribution of income to and within agriculture. |
| |
|
|
| ECG 555 | Managerial Economics | UNITS: 3 - Offered in Spring Only |
| Prerequisite: EC 301 or 401 |
| Applications of economic theory to study of selected business practices in realms of finance, marketing and management decision making. Capital budgeting, financial structure, government regulation of industry, pricing strategies, tie-in sales, contractual arrangements between manufacturers and retailers, comparisons of managerial behavior in nonprofit or government enterprise to for-profit firms. |
| |
|
|
| ECG (ST) 561 | Intermediate Econometrics | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ST 514 |
| Formalization of economic hypotheses into testable relationships and application of appropriate statistical techniques. Major attention to procedures applicable for single equation stochastic models expressing microeconomic and macroeconomic relation-ships. Statistical considerations relevant in working with time series and cross sectional data in economic investigations. Survey of simultaneous equation models and the available estimation techniques. |
| |
|
|
| ECG 562 | Topics In Applied Econometrics | UNITS: 3 - Offered in Fall Only |
| Prerequisite: ECG(ST) 561 |
| Application of advanced econometric techniques to selected issues in economics. Practice in presenting econometrics results in professional fashion, in written or oral form. |
| |
|
|
| ECG 570 | Analysis Of American Economic History | UNITS: 3 - Offered Alternate Years, Offered in Fall Only |
| Prerequisite: Graduate standing or PBS status |
| Stress upon application of economic analysis to formulation and testing of hypotheses concerning economic growth and development in historical context. Problems selected for analysis primarily from American economic history. |
| |
|
|
| ECG 580 | Writing in Economics | UNITS: 3 - Offered in Spring Only |
| Corequisite: ECG 505 or ECG 700; ECG 506 or ECG 703; and ECG 561 |
| Developing, writing and presenting economic analyses of empirical issues chosen by each student. |
| |
|
|
| ECG 590 | Special Economics Topics | UNITS: 1-6 - Offered in Fall Spring Summer |
| Examination of current problems on a lecture-discussion basis. Course content varies as changing conditions require new approaches to deal with emerging problems. |
| |
|
|
| ECG 630 | Independent Study | UNITS: 1-3 - No Course Evaluation, Offered in Fall and Spring |
|
| |
|
|
| ECG 685 | Master's Supervised Teaching | UNITS: 1-3 - Offered in Fall and Spring |
| Prerequisite: Master's student |
| Teaching experience under the mentorship of faculty who assist the student in planning for the teaching assignment, observe and provide feedback to the student during the teaching assignment, and evaluate the student upon completion of the assignment. |
| |
|
|
| ECG 688 | Non-Thesis Masters Continuous Registration - Half Time Registration | UNITS: 1 - Offered in Fall Spring Summer |
| Prerequisite: Master's student |
| For students in non-thesis master's programs who have completed all credit hour requirements for their degree but need to maintain half-time continuous registration to complete incomplete grades, projects, final master's exam, etc. |
| |
|
|
| ECG 689 | Non-Thesis Master Continuous Registration - Full Time Registration | UNITS: 3 - Offered in Fall Spring Summer |
| Prerequisite: Master's student |
| For students in non-thesis master's programs who have completed all credit hour requirements for their degree but need to maintain full-time continuous registration to complete incomplete grades, projects, final master's exam, etc. Students may register for this course a maximum of one semester. |
| |
|
|
| ECG 690 | Master's Examination | UNITS: 1-6 - Offered in Fall Spring Summer |
| Prerequisite: Master's student |
| For students in non thesis master's programs who have completed all other requirements of the degree except preparing for and taking the final master's exam. |
| |
|
|
| ECG 695 | Master's Thesis Research | UNITS: 1-9 - No Course Evaluation, Offered in Fall Spring Summer |
| Prerequisite: Master's student |
| Thesis research. |
| |
|
|
| ECG 696 | Summer Thesis Research | UNITS: 1 - Offered in Summer |
| Prerequisite: Master's student |
| For graduate students whose programs of work specify no formal course work during a summer session and who will be devoting full time to thesis research. |
| |
|
|
| ECG 699 | Master's Thesis Preparation | UNITS: 1-3 - No Course Evaluation, Offered in Fall Spring Summer |
| Prerequisite: Master's student |
| For students who have completed all credit hour requirements and full-time enrollment for the master's degree and are writing and defending their theses. |
| |
|
|
| ECG 700 | Fundamentals of Microeconomics | UNITS: 3 - Offered in Fall Only |
| Prerequisite: MA 131 and EC(ARE)301 |
| Preparatory course for ECG701-702, intended for those lacking sufficient background to go directly into those courses Economic theory with extensive use of calculus. Consumer and producer optimization. Price and output determination in competitive markets, monopoly, and imperfectly competitive markets. Factor Markets. General equilibrium, externalities and public goods. |
| |
|
|
| ECG 701 | Microeconomics I | UNITS: 3 - Offered in Fall Only |
| Prerequisite: ECG 700, MA 231 |
| Theory of consumer behavior. Primal-dual relationships in consumer theory including indirect utility functions and consumer expenditure functions. Properties of consumer demand functions. Consumer welfare measurement. Production technology and the theory of the firm including cost minimization and profit maximization. Dual relationships in producer theory including cost functions and profit functions. Properties of firm output supply and input demand equations. Long-run market equilibrium in a competitive market environment. Market equilibrium with upward sloping input supply equations. The theory of monopoly. |
| |
|
|
| ECG 702 | Microeconomics II | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ECG 701 |
| General equilibrium. Economics of information and uncertainty. Game theory. Mechanism design and social choice. Contract theory. |
| |
|
|
| ECG 703 | Fundamentals of Macroeconomics | UNITS: 3 - Offered in Spring Only |
| Prerequisite: EC(ARE) 301,EC 302,BUS(ST)350,MA 131 |
| Fundamental topics in macroeconomics, including consumption, investment, government purchases, taxation, government debt, output supply, money and inflation, unemployment, elementary economic growth. Emphasis is on the microeconomic foundations of macroeconomics. Economic intuition is stressed. |
| |
|
|
| ECG 704 | Macroeconomics I | UNITS: 3 - Offered in Fall Only |
| Prerequisite: ECG 561, ECG 703, MA 242 |
| Rigorous examination of basic macroeconomic theory, including household choice of consumption demand and labor supply, capital accumulation and economic growth, government purchases, taxation, government debt, investment, consumption and investment under uncertainty, real business cycle models. Throughout the course, the connection between economic intuition and formal mathematical analysis is emphasized. The level of mathematical rigor is high. |
| |
|
|
| ECG 705 | Macroeconomics II | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ECG 704 |
| Continuation of ECG 704. Topics include, but are not limited to, money demand and supply; money and growth; inflation; term structure of interest rates; money and fluctuations, including real and New Keynesian models; theories of unemployment; conduct of policy and problems of time consistency; asset pricing; introduction to open economy models. |
| |
|
|
| ECG 706 | Industrial Organization | UNITS: 3 - Offered in Fall Only |
| Prerequisite: ECG 700 |
| Survey of microeconomic literature on industrial organization: internal structure of the firm, number and sizes of firms in an industry, pricing and output behavior of firms. Public policy, including antitrust laws, patent and copyright laws, and government regulation of industry. |
| |
|
|
| ECG 707 | Topics In Industrial Organization | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ECG 700 |
| Advanced study of selected topics such as oligopoly theory, empirical models of industry, principal-agent contracts, economic theories of firm organization, antitrust issues, economic theories of regulation and economics of property rights. |
| |
|
|
| ECG 708 | History Of Economic Thought | UNITS: 3 - Offered Alternate Years, Offered in Summer |
| Prerequisite: ECG 700 and 703 |
| Systematic analysis of development and cumulation of economic thought, designed in part to provide sharper focus and more adequate perspective for understanding of contemporary economics. |
| |
|
|
| ECG 710 | Theory Of Public Finance | UNITS: 3 - Offered Alternate Years, Offered in Fall Only |
| Prerequisite: ECG 700 |
| Application of microeconomic theory and welfare economics to public sector. Externalities and public policy, theory of public goods, collective choice, program budgeting and cost-benefit analysis, theory of taxation and its application to tax policy, public debt and fiscal federalism. |
| |
|
|
| ECG 715 | Environmental and Resource Economics | UNITS: 3 - Offered in Fall Only |
| Prerequisite: ECG 700 |
| Theoretical tools and empirical techniques necessary for understanding of resource and environmental economics, developed in both static and dynamic framework. Discussions of causes of environmental problems, possible policies and approaches to nonmarket valuation. Analysis of resource use over time using control theory for both renewable and exhaustible resources. |
| |
|
|
| ECG 716 | Topics In Environmental and Resource Economics | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ECG 715 |
| Advanced study of selected topics in environmental and resource economics. Topics vary with interests of instructor and students. |
| |
|
|
| ECG 730 | Labor Economics | UNITS: 3 - Offered in Fall Only |
| Prerequisite: ECG 700 and one of the following: ECG(ST) 561, ST 422, ST 512, ST 708 |
| Application of microeconomic theory and econometric methods to labor market behavior in both static and dynamic contexts. Labor demand analysis, labor force participation, hours of work, household production, human capital, distribution of earnings,information and search, and mobility. |
| |
|
|
| ECG 731 | Policy and Research Issues In Labor Economics | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ECG 700 and one of the following: ECG(ST) 561, ST 422, ST 512, ST 708 policy-related issues in labor economics, including trade union behavior, |
| Survey of current literature on policy-related issues in labor economics, including trade union behavior, unemployment, macroeconomic aspects of labor market adjustment, discrimination, regulation of wages and benefits and public-sector labor markets. Examples from labor markets in U. S. and developing countries. Recent research developments in labor economics; topics vary according to interests and needs of students. |
| |
|
|
| ECG 739 | Economics Growth and Development I | UNITS: 3 - Offered Alternate Odd Years, Offered in Fall Only |
| Prerequisite: ECG 701 and ECG 705, Corequisite: ECG 751 |
| Macroeconomic issues of economic development, principally the economics of growth. Review of neoclassical growth theory, followed by extensive study of endogenous growth models. two-sector models, models with intermediate inputs (both variety and quality-ladder models), endogenous labor and population, trade and growth, and the diffusion of technology across countries. Approximately equal time devoted to theory and evidence. |
| |
|
|
| ECG 740 | Economic Growth and Development II | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ECG 701 and ECG 705, Corequisite: ECG 751 |
| Microeconomic issues of growth. Technology adoption and the distributional effects of technical change; the role of agriculture in economic development; land tenure and tenancy arrangements; the role of agrarian institutions in the development process; and poverty, inequality and economic growth in developing countries. Approximately equal time devoted to theory and evidence. |
| |
|
|
| ECG 741 | Agricultural Production and Supply | UNITS: 3 - Offered in Fall Only |
| Prerequisite: ECG 700 |
| Advanced study in logic of, and empirical inquiry into, producer behavior and choice among combinations of factors and kinds and qualities of output; aggregative consequences of individuals' and firms' decisions in terms of product supply and factordemand; factor markets and income distribution; and general interdependency among economic variables. |
| |
|
|
| ECG 742 | Consumption, Demand and Market Interdependency | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ECG 700 |
| Analysis of behavior of individual households and of consumers in aggregate with respect to consumption of agricultural products; impact of these decisions on demand for agricultural resources, competition among agricultural regions and for markets;and interdependence between agriculture and other sectors of the economy. |
| |
|
|
| ECG 748 | Theory Of International Trade | UNITS: 3 - Offered in Fall Only |
| Prerequisite: ECG 700, 703 |
| Consideration of specialized body of economic theory dealing with international movement of goods, services, capital and payments. A theoretically oriented consideration of policy. |
| |
|
|
| ECG 749 | Monetary Aspects Of International Trade | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ECG 703 |
| Macroeconomic problems of an open economy including balance of payments adjustment mechanism, alternative exchange rate systems, external effects of monetary and fiscal policy, optimum currency areas and international monetary reform. |
| |
|
|
| ECG 750 | Economic Decision Theory | UNITS: 3 - Offered Alternate Years, Offered in Spring Only |
| Prerequisite: ECG 700 |
| General theories of choice. Structure of decision problems, role of information; formulation of objectives. Current research problems. |
| |
|
|
| ECG (ST) 751 | Econometric Methods | UNITS: 3 - Offered in Fall Only |
| Prerequisite: ST 421, ST 422 |
| Introduction to important econometric methods of estimation such as Least Squares, instrumentatl Variables, Maximum Likelihood, and Generalized Method of Moments and their application to the estimation of linear models for cross-sectional ecomomic data. Discussion of important concepts in the asymptotic statistical analysis of vector process with application to the inference procedures based on the aforementioned estimation methods. |
| |
|
|
| ECG (ST) 752 | Time Series Econometrics | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ECG(ST) 751 |
| The characteristics of macroeconomic and financial time series data. Discussion of stationarity and non-stationarity as they relate to economic time series. Linear models for stationary economic time series: autoregressive moving average (ARMA) models; vector autoregressive (VAR) models. Linear models for nonstationary data: deterministic and stochastic trends; cointegration. Methods for capturing volatility of financial time series such as autoregressive conditional heteroscedasticity (ARCH) models. Generalized Method of Moments estimation of nonlinear dynamic models. |
| |
|
|
| ECG (ST) 753 | Microeconometrics | UNITS: 3 - Offered in Spring Only |
| Prerequisite: ECG 751 |
| The characteristics of microeconomic data. Limited dependent variable models for cross-sectional microeconomic data: logit/probit models; tobit models; methods for accounting for sample selection; count data models; duration analysis; non-parametricmethods. Panel data models: balanced and unbalanced panels; fixed and random effects; dynamic panel data models; limited dependent variables and panel data analysis. |
| |
|
|
| ECG 765 | Mathematical Methods For Economics | UNITS: 3 - Offered in Spring Only |
| Prerequisite: MA 231 , introductory course in linear algebra |
| Linear algebra and matrices, optimization with equality and inequality constraints, comparative statistics, differential and difference equations, intertemporal optimization. Economic applications to utility and profit maximization, national income determination, economic growth, business cycles. |
| |
|
|
| ECG 784 | Advanced Macroeconomics | UNITS: 3 - Offered Alternate Years, Offered in Fall Only |
| Prerequisite: ECG 704 |
| Advanced study of macro-economics. Emphasis on business cycles and behavior of real variables. Real, incomplete information and disequilibrium theories of the business cycle; rational expectations; contract theory and indexation; investment; and effects of government expenditure, taxes and debt. |
| |
|
|
| ECG 785 | Monetary Economics | UNITS: 3 |
| Prerequisite: ECG 705 |
| Field course for students desiring a specialization in monetary economics or macroeconomics. Survey of current topics in monetary theory and policy. |
| |
|
|
| ECG 790 | Avanced Special Topics | UNITS: 1-6 - Offered in Fall and Spring |
|
| |
|
|
| ECG 830 | Independent Study | UNITS: 1-3 - No Course Evaluation, Offered in Fall and Spring |
|
| |
|
|
| ECG 885 | Doctoral Supervised Teaching | UNITS: 1-3 - Offered in Fall and Spring |
| Prerequisite: Doctoral student |
| Teaching experience under the mentorship of faculty who assist the student in planning for the teaching assignment, observe and provide feedback to the student during the teaching assignment, and evaluate the student upon completion of the assignment. |
| |
|
|
| ECG 890 | Doctoral Preliminary Examination | UNITS: 1-9 - Offered in Fall and Spring |
| Prerequisite: Doctoral student |
| For students who are preparing for and taking written and/or oral preliminary exams. |
| |
|
|
| ECG 895 | Doctoral Dissertation Research | UNITS: 1-9 - No Course Evaluation, Offered in Fall Spring Summer |
| Prerequisite: Doctoral student |
| Dissertation research. |
| |
|
|
| ECG 896 | Summer Dissertation Research | UNITS: 1 - Offered in Summer |
| Prerequisite: Doctoral student |
| For graduate students whose programs of work specify no formal course work during a summer session and who will be devoting full time to thesis research. |
| |
|
|
| ECG 899 | Doctoral Dissertation Preparation | UNITS: 1-3 - No Course Evaluation, Offered in Fall Spring Summer |
| Prerequisite: Doctoral student |
| For students who have completed all credit hour, full-time enrollment, preliminary examination, and residency requirements for the doctoral degree, and are writing and defending their dissertations. |
| |