Course Descriptions

Finance

Finance 511: Investments

Introduction to investment analysis, including the theory and implementation of portfolio theory; empirical evidence on the performance of financial assets; evaluation of portfolio investment strategies; and the extension of diversification to international markets. Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.
Credit Hours: 2 or 4 hours.

Finance 512: Financial Derivatives

Introduction to options, futures, swaps and other derivative securities; examination of institutional aspects of the markets; theories of pricing; discussion of simple as well as complicated trading strategies (arbitrage, hedging, and spread); applications for asset and risk management. Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.
Credit Hours: 4 hours.

Finance 513: Financial Engineering I

Provides an introduction to modern techniques for pricing options, swaps, and related financial instruments; the use of such instruments in managing financial risk; and the measurement and management of their risks. Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.
Credit Hours: 4 hours.

Finance 514: Financial Engineering II

Presents the main ideas and techniques of modern option pricing theory, including: the Black-Scholes-Merton analysis; risk-neutral probabilities and the probabilistic solution; numerical techniques for computing option prices; an introduction to term structure modeling; and perhaps other topics, at the discretion of the instructor. Prerequisite: Prior or concurrent registration in FIN 513 or consent of instructor.

Notes: Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.
Credit Hours: 4 hours.

Finance 515: Fixed Income Portfolios

Conceptual foundations and implementation of strategies for the selection, evaluation, and revision of portfolios of fixed-income financial assets (bonds); examination of related research. Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.
Credit Hours: 2 or 4 hours.

Finance 520: Financial Management

Introduction to financial management and decision making. Topics include risk-return relationships for financial securities; financial statement analysis and forecasting; working capital management; capital budgeting and the resource allocation process; capital structure and the cost of capital; dividend policy. Prerequisite: Enrollment in the Executive MBA, MSBA, or MS program.

Notes: Prerequisite: Enrollment in the Executive MBA, MSBA, or MS program.
Credit Hours: 4 hours.

Finance 521: Advanced Corporate Finance

Addresses both the theoretical and applied aspects of firms' financing decisions; topics include capital structure and cost of capital theories; mergers, acquisitions and leveraged buyouts; options, warrants, and convertibles; venture capital and initial public offerings; and pensions. Prerequisite: FIN 520, plus either ECON 506 or BADM 572 or concurrent registration in either course; or MBA 505 - Section G (Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520, plus either ECON 506 or BADM 572 or concurrent registration in either course; or MBA 505 - Section G (Finance II); or consent of instructor.
Credit Hours: 4 hours.

Finance 522: Cases in Financial Strategy

Course focuses on financial management cases. Provides students with an active learning experience. Case work is based on concepts learned in introductory corporate finance. Topics discussed include measuring and interpreting cash flow performance, financial forecasting and turnaround management ; capital investment and cost of capital; and capital structure, dividend policy; and firm valuation. Prerequisite: FIN 520, plus either ECON 506 or BADM 572 or concurrent registration in either course; or MBA 505 - Section G (Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520, plus either ECON 506 or BADM 572 or concurrent registration in either course; or MBA 505 - Section G (Finance II); or consent of instructor.
Credit Hours: 4 hours.

Finance 524: Mergers and Acquisitions

The primary objective of this course is to give students experience in valuing firms. While the primary focus of the course is on mergers and acquisitions, the course will also cover topics such as initial public offerings, leveraged buyouts, spin-offs, and divestitures. Prerequisite: FIN 520; or MBA 505 - Section G ( Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520, plus either ECON 506 or BADM 572 or concurrent registration in either course; or MBA 505 - Section G (Finance II); or consent of instructor.
Credit Hours: 4 hours.

Finance 541: Real Estate Economics

Discusses the theory and practice of real estate and urban land economics; emphasizes real estate market analysis, finance, appraisal, and investment. Prerequisite: FIN 520, plus ECON 302, ECON 500, or equivalent; or MBA 505 - Section G ( Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520, plus ECON 302, ECON 500, or equivalent; or MBA 505 - Section G ( Finance II); or consent of instructor.
Credit Hours: 4 hours.

Finance 551: International Finance

Explores the characteristics of the international financial market and examines various aspects of corporate financial management. Topics may include international parity conditions, exchange rate risk management, country risk, cross-border investment analysis, multi national firm budgeting, hedging in foreign currency markets, accessing international financial markets for financing, and competitive strategy in a global marketplace. Prerequisite: FIN 520; or MBA 505 - Section G ( Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520, plus ECON 302, ECON 500, or equivalent; or MBA 505 - Section G ( Finance II); or consent of instructor.
Credit Hours: 4 hours.

Finance 561: Financial Intermediation

Studies financial intermediation emphasizing analysis of problems faced by commercial bank managers. The three main areas covered are: the role of financial intermediation and its relation to the macro-economy, information technology, and government regulation; examination of the problems of pricing and evaluating the risk of bank financial services such as loans, loan commitments, and swaps; and consideration of bank portfolio risk management. Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.
Credit Hours: 4 hours.

Finance 562: Macrofinance

Overview of the workings of the financial sector of the macro economy; includes the roles of financial institutions, financial markets, macroeconomic policies, interest rates, and the flows of funds. Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.

Notes: Prerequisite: FIN 520; or MBA 505 - Section G (Finance II); or consent of instructor.
Credit Hours: 4 hours.

Finance 580: Special Topics in Finance

Approved for both letter and S/U grading. May be repeated to a maximum of 18 hours in a semester. May be repeated to a maximum of 32 hours in subsequent semesters. Prerequisite: Varies by section.

Notes: Approved for both letter and S/U grading. May be repeated to a maximum of 18 hours in a semester. May be repeated to a maximum of 32 hours in subsequent semesters. Prerequisite: Varies by section.
Credit Hours: 0 to 4 hours.

Finance 590: Individual Study and Research

Directed reading and research. Approved for both letter and S/U grading.

Notes: Approved for both letter and S/U grading.
Credit Hours: 0 to 4 hours.

Finance 591: Theory of Finance

Examines theoretical frameworks for financial decision making under certainty and uncertainty, as well as perfect and imperfect capital markets; discusses state preference, mean-variance, and continuous time models; emphasizes the structure of individual utility functions. Prerequisite: ECON 502; STAT 400; and admission to doctoral program or consent of instructor.

Notes: Approved for both letter and S/U grading.
Credit Hours: 4 hours.

Finance 593: Seminar in Investments

Investigates portfolio theory, CAPM, OPM, and arbitrage pricing theory theoretically and empirically; uses both mathematical statistics and modern econometric models to empirically analyze investment decisions and portfolio management. Prerequisite: FIN 591 and ECON 507.

Notes: Approved for both letter and S/U grading.
Credit Hours: 4 hours.

Finance 594: Seminar in Corporate Finance

Theories, paradigms, and models of nonfinancial corporations; investigates the theoretical foundations and empirical evidence regarding corporate resource allocation, capital structure decisions, and dividend policies; covers in detail contingent claim analysis, signaling theory, and agency theory. Prerequisite: FIN 591 and ECON 507.

Notes: Prerequisite: FIN 591 and ECON 507.
Credit Hours: 4 hours.

Finance 595: Seminar in Insurance

Reviews recent contributions to the insurance literature concentrating upon current issues and research methodology; requires students to review selected recent articles on a variety of topics; gives attention to application of finance and economic theory to insurance issues and to empirical techniques for testing hypotheses. Examples of issues include the application of asset pricing models to insurance pricing, portfolio optimization for insurance companies, capital markets and insurance cycles, moral hazard and adverse selection. Prerequisite: FIN 591.

Notes: Prerequisite: FIN 591 and ECON 507.
Credit Hours: 4 hours.

Finance 596: Seminar in Fin Intermediation

Reports and explores research in areas of commercial bank models and behavior, bank structure and regulation, interest rate theories, financial markets, and the impact of macroeconomic policies and procedures on financial markets and institutions; discusses current research and research procedures. Prerequisite: FIN 591 and ECON 503.

Notes: Prerequisite: FIN 591 and ECON 507.
Credit Hours: 4 hours.

Finance 597: Seminar in Real Estate Finance

Examines theoretical and empirical research into selected problems in urban land economics. Prerequisite: FIN 241 and ECON 302; or FIN 541; or consent of instructor.

Notes: Prerequisite: FIN 591 and ECON 507.
Credit Hours: 4 hours.

Finance 599: Thesis Research

Required for those writing master's and doctoral theses in finance. Approved for S/U grading only. May be repeated to a maximum of 16 hours.

Notes: Approved for S/U grading only. May be repeated to a maximum of 16 hours.
Credit Hours: 0 to 16 hours.

Economics

Economics 500: General Microeconomic Theory

Emphasizes microeconomic theory; principal topics include a review of value and distribution theory, the theory of choice by households and firms, general microeconomic theory, and theoretical developments of current interest. Students may not receive credit for both ECON 500 and ECON 567. Graduate credit for both ECON 302 and ECON 500 is given only upon recommendation of the student's adviser and approval by the Department of Economics. Prerequisite: ECON 102 or equivalent.

Notes: Students may not receive credit for both ECON 500 and ECON 567. Graduate credit for both ECON 302 and ECON 500 is given only upon recommendation of the student's adviser and approval by the Department of Economics. Prerequisite: ECON 102 or equivalent.
Credit Hours: 4 hours.

Economics 501: Quantitative Analysis for Econ

Studies topics in optimization: implicit function theorem, multipliers and Kuhn-Tucker conditions; topics in matrix algebra including characteristic roots and vectors, partitioned matrices, quadratic forms, special matrices; topics on difference and differential equations common in economic theory.

Notes: Students may not receive credit for both ECON 500 and ECON 567. Graduate credit for both ECON 302 and ECON 500 is given only upon recommendation of the student's adviser and approval by the Department of Economics. Prerequisite: ECON 102 or equivalent.
Credit Hours: 4 hours.

Economics 502: Microeconomic Theory I

Introduction to the models and methods of modern microeconomic theory, concentrating on individual and firm decision making and on industry equilibrium; brief treatment of general equilibrium theory and welfare analysis. Topics include: consumer utility and demand theory; production and cost functions; firm supply, input demand, and price behavior; competitive, monopolistic, and oligopolistic industry analysis; and distribution theory. Prerequisite: ECON 302 and ECON 303, or equivalent; calculus.

Notes: Students may not receive credit for both ECON 500 and ECON 567. Graduate credit for both ECON 302 and ECON 500 is given only upon recommendation of the student's adviser and approval by the Department of Economics. Prerequisite: ECON 102 or equivalent.
Credit Hours: 4 hours.

Economics 503: Macroeconomic Theory I

Introduces students to a variety of dynamic general equilibrium models that currently dominate the study of growth and economic fluctuations. These models include: neoclassical growth models, overlapping generations models, CAPM models, search models, and endogenous growth models. In covering these models, the course also seeks to develop a set of techniques for students to use. These techniques include discrete time optimization, continuous time optimization, dynamic programming and model calibration. Prerequisite: ECON 302 and ECON 303, or equivalent; calculus.

Notes: Students may not receive credit for both ECON 500 and ECON 567. Graduate credit for both ECON 302 and ECON 500 is given only upon recommendation of the student's adviser and approval by the Department of Economics. Prerequisite: ECON 102 or equivalent.
Credit Hours: 4 hours.

Economics 504: Microeconomic Theory II

General market equilibrium theory and welfare economics; discusses the problems of existence, stability, efficiency, and equity of economic equilibrium; and introduces social choice and the special problems created by public goods, externalities, and uncertainty. Prerequisite: ECON 502.

Notes: Prerequisite: ECON 502.
Credit Hours: 4 hours.

Economics 505: Macroeconomic Theory II

Development of modern macroeconomic theory, including disequilibrium theory, optimal short-term stabilization measures, and monetary, fiscal, incomes, and exchange rate policies; large-scale econometric models; linear and neoclassical growth models; aggregate distribution theory; money, capital movements, trade, and growth; optimal growth models; and exhaustible resources and growth. Prerequisite: ECON 503.

Notes: Prerequisite: ECON 503.
Credit Hours: 4 hours.

Economics 506: Economic Statistics

Classical statistics and regression analysis; descriptive statistics, probability and point and interval estimation; decision theory; variance analysis; and linear regression and least-squares estimates. Prerequisite: A course in statistics or consent of instructor.

Notes: Prerequisite: A course in statistics or consent of instructor.
Credit Hours: 4 hours.

Economics 507: Econometric Analysis

Part 1: The construction of econometric models; characteristics of models and choice of estimating methods; and estimates of parameters by various methods. Part 2: Bayesian statistics and decision theory. Prerequisite: ECON 506 or equivalent.

Notes: Prerequisite: A course in statistics or consent of instructor.
Credit Hours: 4 hours.

Economics 508: Applied Econometrics

Develops a general methodological basis for searching for quantitative economic knowledge; integrates and gives operational content to the topics of economic, statistical, and econometric theory. Prerequisite: ECON 507 or ECON 574, or equivalent.

Notes: Prerequisite: ECON 507 or ECON 574, or equivalent.
Credit Hours: 4 hours.

Economics 509: General Macroeconomic Theory

Emphasis on macroeconomic theory; principal topics include a review of Keynesian macroeconomic theory, formal growth theory, and selected business cycle theory. Credit is not given for both ECON 509 and ECON 568. Graduate credit for both ECON 303 and ECON 509 is given only upon recommendation of the student's adviser and approval by the Department of Economics. Prerequisite: ECON 102 and ECON 103 or equivalent.

Notes: Credit is not given for both ECON 509 and ECON 568. Graduate credit for both ECON 303 and ECON 509 is given only upon recommendation of the student's adviser and approval by the Department of Economics. Prerequisite: ECON 102 and ECON 103 or equivalent.
Credit Hours: 4 hours.

Economics 511: Public Goods Theory

In-depth analysis of the theory of public goods; includes public goods and externality theory, public choice, theory of cost-benefit analysis, optimal income redistribution, and fiscal federalism. Prerequisite: ECON 302 or equivalent.

Notes: Prerequisite: ECON 302 or equivalent.
Credit Hours: 4 hours.

Economics 512: Economics of Taxation

Theoretical and empirical analysis of the impact of taxation on the economic system; topics include tax equity and excess burden, incentive effects of taxation, tax incidence, structure of major types of taxes (income, consumption, and wealth), normative tax analysis, and taxation in developing economies. Prerequisite: ECON 302 or equivalent.

Notes: Prerequisite: ECON 302 or equivalent.
Credit Hours: 4 hours.

Economics 513: Demand/Supply/Firms/Households

Same as ACE 502. See ACE 502.

Notes: Prerequisite: ECON 302 or equivalent.
Credit Hours: 4 hours.

Economics 514: Urban Economics

Examines the microeconomic theory of urban land-use and spatial structure (static and dynamic models); analyzes externalities caused by traffic congestion; normative and positive analysis of the provision of local public goods; and public policy issues (i.e., slums and urban decline, pollution). Prerequisite: ECON 502.

Notes: Prerequisite: ECON 302 or equivalent.
Credit Hours: 4 hours.

Economics 515: Adv Natural Resource Economics

Same as ACE 510, ENVS 510, and NRES 510. See ACE 510.

Notes: Same as ACE 510, ENVS 510, and NRES 510. See ACE 510.
Credit Hours: 4 hours.

Economics 516: Environmental Economics

Examines both theory and policy applications in the environmental area; selectively reviews the literature to provide a framework for understanding the relevant economic relationships and the criteria appropriate for policy assessment; emphasizes the characteristics of major environmental problems and policy choices; and considers the valuation of environmental amenities and the conflict between environmental quality and growth. Same as ACE 516 and ENVS 511. Prerequisite: ECON 302 or consent of instructor.

Notes: Same as ACE 510, ENVS 510, and NRES 510. See ACE 510.
Credit Hours: 4 hours.

Economics 517: Political Economy

Microeconomic analysis of political decision making processes. Includes social choice, models of political competition, game-theoretic analysis of political institutions and lobbying. Same as PS 548. Prerequisite: ECON 500 or equivalent, or instructor's consent.

Notes: Same as PS 548. Prerequisite: ECON 500 or equivalent, or instructor's consent.
Credit Hours: 4 hours.

Economics 520: International Trade Theory

The pure theory of international trade, general equilibrium income and welfare, tariffs, the theory of policy ranking, strategic trade policy, customs unions, international trade law and the WTO. Prerequisite: ECON 302 and ECON 303, or equivalent.

Notes: Same as PS 548. Prerequisite: ECON 500 or equivalent, or instructor's consent.
Credit Hours: 4 hours.

Economics 521: Topics in International Econ

Frontier advanced topics in international economics; subject matter varies. May not be repeated for credit. Prerequisite: ECON 520 and ECON 522, or consent of instructor.

Notes: Same as PS 548. Prerequisite: ECON 500 or equivalent, or instructor's consent.
Credit Hours: 4 hours.

Economics 522: International Financial Econ

Examines the balance of payments, exchange rate, capital flows and international monetary system; fiscal and monetary policy in open economies. Prerequisite: ECON 302 and ECON 303, or equivalent.

Notes: Same as PS 548. Prerequisite: ECON 500 or equivalent, or instructor's consent.
Credit Hours: 4 hours.

Economics 523: Business International Econ

Provides the business student with a working knowledge of the principles of international economics, issues in the current international business environment, U. S. and international trade law, and current policy issues and debates. Considers the basic causes and consequences of international trade, the foreign exchange market and theory of exchange rate determination, the U. S. trade deficit, the international monetary system, and antidumping and countervailing duty law, copyright and patent infringement law, the General Agreement on Tariffs and Trade, the rudiments of strategic trade theory, and selected policy issues varying by year. Prerequisite: Familiarity with intermediate microeconomics at the level of ECON 302.

Notes: Prerequisite: Familiarity with intermediate microeconomics at the level of ECON 302.
Credit Hours: 4 hours.

Economics 530: General Economic History

Treatment of selected topics in the economic history of industrialized economics by applying economic theory and quantitative methods of analysis to historical problems; exploration of the implications for contemporary work in economics. Prerequisite: Graduate standing in economics or consent of instructor.

Notes: Prerequisite: Familiarity with intermediate microeconomics at the level of ECON 302.
Credit Hours: 4 hours.

Economics 531: American Economic History

Emphasizes, but is not limited to, the reading and criticism of current literature in American economic history; attempts to facilitate understanding of the use of economic analysis in interpreting events framed in historical context; includes British colonial policy, trade and tariffs, industrialization, technology, slavery and the southern economy, land policy, agriculture, transportation and internal improvements, capital mobilization and financial organization, and the measurement of economic growth. Prerequisite: Graduate standing in economics or consent of instructor.

Notes: Prerequisite: Familiarity with intermediate microeconomics at the level of ECON 302.
Credit Hours: 4 hours.

Economics 532: Economic History of Europe

Major lines of development since 1450; comparative study of forces and institutions inimical or favorable to growth; and selected readings on organization of economic activity, role of governments and the entrepreneur, commercial policy, monetary systems, land tenure, process of capital formation, industrialization, etc. Prerequisite: Consent of instructor.

Notes: Prerequisite: Familiarity with intermediate microeconomics at the level of ECON 302.
Credit Hours: 4 hours.

Economics 540: Labor Economics I

Survey of recent trends in the labor force, of real and money earnings, and of the distribution of national income used as the basis for a critical economic analysis of contemporary English and American wage theory. Same as LIR 540. Prerequisite: ECON 302 and ECON 303.

Notes: Prerequisite: Familiarity with intermediate microeconomics at the level of ECON 302.
Credit Hours: 4 hours.

Economics 541: Labor Economics II

Economic issues and implications involved in hours of work, employment and unemployment, and trade union institutionalism (the impact of the trade union upon the basic institution of a free enterprise economy); emphasis in all cases on the development of appropriate public policy. Same as LIR 541. Prerequisite: ECON 302 and ECON 303.

Notes: Prerequisite: Familiarity with intermediate microeconomics at the level of ECON 302.
Credit Hours: 4 hours.

Economics 542: Collective Bargaining

Same as LIR 542. See LIR 542.

Notes: Same as LIR 542. See LIR 542.
Credit Hours: 4 hours.

Economics 543: Workplace Dispute Resolution

Same as LAW 665 and LIR 543. See LIR 543.

Notes: Same as LAW 665 and LIR 543. See LIR 543.
Credit Hours: 3 or 4 hours.

Economics 545: Econ of Ed, Hlth & Hum Capital

Same as EOL 518. See EOL 518.

Notes: Same as EOL 518. See EOL 518.
Credit Hours: 4 hours.

Economics 550: Econ of Development and Growth

Review and analysis of the theories and patterns of growth in developed and underdeveloped economies; the process and impact of import substitution industrialization; trade and economic development; the role of the state and privatization in the development process; agricultural stagnation and modernization. Prerequisite: ECON 302 and ECON 303, or equivalent.

Notes: Same as EOL 518. See EOL 518.
Credit Hours: 4 hours.

Economics 551: Topics in Development Econ

Analyzes the newly developing economies, with emphasis on institutional factors affecting development and economic policy relating to development. Prerequisite: ECON 550.

Notes: Prerequisite: ECON 550.
Credit Hours: 4 hours.

Economics 552: Computable G E Modeling

Discusses problems and methods of building social accounting matrices and computable general equilibrium (CGE) models; provides hands-on experience with CGE models with a series of PC-based exercises. The exercises demonstrate a number of techniques for constructing CGE models and show applications of these models to a variety of economic policy problems in developing countries such as food subsidies, international trade restrictions, foreign debt, and sectoral investment priorities. Prerequisites: ECON 500 and ECON 509 or equivalent; MATH 220 or MATH 221, or equivalent.

Notes: Prerequisite: ECON 550.
Credit Hours: 4 hours.

Economics 555: Economics of Transition

Examines the processes of changes taking place in transition economies, with a focus on organizational and institutional issues. Focus on developing an understanding of mechanisms and constraints of economic transition and demonstrating how economic tools can be used for developing such an understanding. Students may not receive credit for both this course and ECON 451. Prerequisite: ECON 302.

Notes: Prerequisite: ECON 550.
Credit Hours: 4 hours.

Economics 561: Adv Topics in Econ Theory I

Study at an advanced level of one or more of the following possible topics: economics of externalities, advanced aggregate economic theory, theory of central planning, investment theory, consumer behavior theory, capital theory, welfare economics, inflation theory, income distribution theory, or other topics. May be repeated. Prerequisite: ECON 502 and ECON 503, or consent of instructor.

Notes: May be repeated. Prerequisite: ECON 502 and ECON 503, or consent of instructor.
Credit Hours: 4 hours.

Economics 562: Adv Topics in Econ Theory II

Economics 563: Monetary Theory

Micro- and macroeconomic theories of the supply of and demand for money; money substitutes and their significance; review of current empirical research; money in closed economy, macroeconomic, and static general equilibrium models; and analysis of inflation and unemployment. Prerequisite: Consent of instructor.

Notes: May be repeated. Prerequisite: ECON 502 and ECON 503, or consent of instructor.
Credit Hours: 4 hours.

Economics 564: The Theory of Monetary Policy

Theories of money; money in dynamic models; money in open economy macroeconomic models; stabilization policy; and international aspects of monetary theory. Prerequisite: Consent of instructor.

Notes: Prerequisite: Consent of instructor.
Credit Hours: 4 hours.

Economics 565: Math Econ I

Studies quantitative techniques useful in economic analysis and decision making; mathematical programming; input-output analysis; point-set theory and game theory; existence, optimality, and stability conditions for static general equilibrium; and activity analysis, including welfare economics. Prerequisite: MATH 415; ECON 502 and ECON 503, or equivalent.

Notes: Prerequisite: Consent of instructor.
Credit Hours: 4 hours.

Economics 566: Math Econ II

Studies quantitative techniques useful in economic analysis and decision making; single and systems of difference and differential equations; dynamic programming; Pontryagin maximum principle; interaction of multiplier and accelerator; von Neumann model; Turnpike theorem; growth models; and control systems. Prerequisite: MATH 415; ECON 502 and ECON 503, or equivalent.

Notes: Prerequisite: Consent of instructor.
Credit Hours: 4 hours.

Economics 567: Microeconomics for Business

Microeconomics for professional business students. Shows relevance of value and distribution theories for business managers. Includes demand and supply theory, consumer choice, production and cost theory, industrial structure, and wage and capital theory. Intended for students in the Master of Business Administration program. Students may not receive credit for both ECON 567 and ECON 302 or ECON 500. Prerequisite: Enrollment is often restricted to students in specialized programs.

Notes: Students may not receive credit for both ECON 567 and ECON 302 or ECON 500. Prerequisite: Enrollment is often restricted to students in specialized programs.
Credit Hours: 4 hours.

Economics 568: Macroeconomics for Business

Development of short run macroeconomic models. Analysis of private sector behavior functions, and government policy alternatives. Extensions for open economy models and growth models. Intended for students in the Master of Business Administration program. Students may not receive credit for both ECON 568 and ECON 303 or ECON 509. Prerequisite: Enrollment is often restricted to students in specialized programs.

Notes: Students may not receive credit for both ECON 568 and ECON 303 or ECON 509. Prerequisite: Enrollment is often restricted to students in specialized programs.
Credit Hours: 4 hours.

Economics 574: Econometrics I

Estimation of parameters for single-equation models; tests of hypotheses and confidence regions for regression models; large-sample theory in single-equation models; and Bayesian statistics in regression models. Prerequisite: MATH 415 and STAT 400.

Notes: Students may not receive credit for both ECON 568 and ECON 303 or ECON 509. Prerequisite: Enrollment is often restricted to students in specialized programs.
Credit Hours: 4 hours.

Economics 575: Econometrics II

Considers the specification of models with systems of simultaneous equations; identification problem, distributed lag models, K-class estimators, maximum likelihood estimators, three-stage least-squares, and effects of specification errors. Prerequisite: ECON 574.

Notes: Prerequisite: ECON 574.
Credit Hours: 4 hours.

Economics 576: Time Series Analysis in Econ

Modern time series analysis techniques for handling economic data which arises in a happenstance fashion through time and their application to specific economic problems. Prerequisite: ECON 507 or STAT 578, or equivalent.

Notes: Prerequisite: ECON 507 or STAT 578, or equivalent.
Credit Hours: 4 hours.

Economics 577: Topics in Econometrics

Examines some standard econometric problems from the Bayesian perspective and compares Bayesian and classical inference. Prerequisite: ECON 574.

Notes: Prerequisite: ECON 507 or STAT 578, or equivalent.
Credit Hours: 4 hours.

Economics 580: Industrial Organization

Theory of the organization of markets and firms, behavior of firms, functioning of competitive systems, and performance of markets.

Notes: Prerequisite: ECON 507 or STAT 578, or equivalent.
Credit Hours: 4 hours.

Economics 581: Govt Regulation of Industry

Microeconomic and econometric analyses of market failure and government response in selected industries; topics include economic effect of regulation, bureaucratic behavior, optimal policy, and strategies for regulatory reform. Prerequisite: ECON 502; ECON 580; or consent of Instructor.

Notes: Prerequisite: ECON 507 or STAT 578, or equivalent.
Credit Hours: 4 hours.

Economics 582: Empirical Ind Organization

Empirical Methods in Industrial Organization. Topics include: detection of anticompetitive behavior; estimation techniques that allow for product differentiation, endogenous entry and intertemporal decision-making; estimation and testing of auctions and other asymmetric information models.

Notes: Prerequisite: ECON 507 or STAT 578, or equivalent.
Credit Hours: 4 hours.

Economics 590: Individual Study and Research

Directed reading and research. Approved for both letter and S/U grading.

Notes: Approved for both letter and S/U grading.
Credit Hours: 0 to 4 hours.

Economics 598: Workshop and Research Seminar

Workshops are offered in all areas of specialization in which graduate students are writing Ph.D. dissertations. The specific format varies, but in general workshop sessions include presentations by graduate students of thesis research, by faculty members of their current research, and by occasional outside speakers. A minimum of 4 hours of ECON 598 is required of all students in the Ph.D. program. Approved for S/U grading only. Prerequisite: Admission to the Department of Economics Ph.D. program.

Notes: A minimum of 4 hours of ECON 598 is required of all students in the Ph.D. program. Approved for S/U grading only. Prerequisite: Admission to the Department of Economics Ph.D. program.
Credit Hours: 2 hours.

Economics 599: Thesis Research

Preparation of thesis required of all students writing master's or doctoral theses in economics. Approved for S/U grading only. May be repeated.

Notes: Approved for S/U grading only. May be repeated.
Credit Hours: 0 to 16 hours.