Economics Joseph A. Ziegler
Department Chair
402 Walton College of Business
479-575-ECON (3266)
Andrew Horowitz
Ph.D. Program Director
411 Walton College of Business
479-575-6228
Distinguished Professor and Phillips Petroleum Chair Murray
Professors Britton, Curington, Dixon, Farmer, Gay, Ziegler
Professor and Lewis E. Epley Jr. Professorship in Economics Ferrier
Associate Professor Horowitz, Kali
Assistant Professors Deck, Lee, Mendez, Reyes
Visiting Assistant Professor Collins
Clinical Assistant Professor Stapp
Degrees Conferred:
M.A., Ph.D. (ECON)
ECON4433 Experimental Economics (FA, SP, SU) The course offers an introduction to the field of experimental economics. Included are the methodological issues associated with developing, conducting, and analyzing controlled laboratory experiments. Standard behavioral results are examined and the implications of such behavior for business and economic theory are explored. Prerequisite: ECON 2023 or ECON 2143.
ECON512V Workshop in Economic Education (1-3) (IR) Overview of basic economic facts and principles with emphasis on means of employing them in the curriculum of elementary and secondary schools. Not open to majors in business and economics. Offered for degree credit in Education only. May be repeated for 3 hours.
ECON5333 Economics of Organizations (IR) An economic perspective on the design of organizations. Applies developments in game theory and contract theory to analyze the role of information and incentives within and between firms. Covers the boundaries of firms, integration and outsourcing, authority and incentives, and alternative organizational structures in an evolving business environment.
ECON5433 Macroeconomic Theory I (FA, SU) Theoretical development of macroeconomic models that include and explain the natural rate of unemployment hypothesis and rational expectations, consumer behavior, demand for money, market clearing models, investment, and fiscal policy.
ECON5533 Microeconomic Theory I (FA, SU) Introductory microeconomic theory at the graduate level. Mathematical formulation of the consumer choice, producer behavior, and market equilibrium problems at the level of introductory calculus. Discussion of monopoly, oligopoly, public goods, and externalities.
ECON5563 History of Economic Thought (FA) Seminar in development of economic ideas, theories; causes and development of schools of thought emphasized.
ECON5613 Econometrics (FA) Use of economic theory and statistical methods to estimate economic models. The single equation model are examined emphasizing multicollinearity, autocorrelation, heteroskedasticity, binary variables and distributed lags. An introduction to the simultaneous systems model is presented. Two 80 min. lecture periods weekly. (Same as AGEC 5613) Prerequisite: MATH 2043 and knowledge of matrix methods, which may be acquired as a corequisite and (AGEC 1103 or ECON 2023) and an introductory statistics course.
ECON5623 Econometrics II (SP) Use of economic theory and statistical methods to develop and estimate simultaneous equation models of an economy. Emphasis given to the problem of identification and the methods of estimating systems models. Frontier topics are introduced. (Same as AGEC 5623) Prerequisite: ECON 5433 and ECON 5533 and (ECON 5613 or AGEC 5613).
ECON5853 International Economics Policy (SP) An intensive analysis of the operation of the international economy with emphasis on issues of current policy interest. Prerequisite: ECON 5163.
ECON600V Masters Thesis (1-6) (FA, SP, SU)
ECON6233 Microeconomic Theory II (SP) Advanced treatment of the central microeconomic issues using basic real analysis. Formal discussion of duality, general equilibrium, welfare economics, choice under uncertainty, and game theory.
ECON6243 Macroeconomic Theory II (FA) Further development of macroeconomic models to include uncertainty and asset pricing theory. Application of macroeconomic models to explain real world situations.
ECON636V Special Problems in Economics (1-6) (FA, SP, SU) Independent reading and investigation in economics.
ECON643V Seminar in Economic Theory and Research I (1-3) (FA)
ECON644V Seminar in Economic Theory and Research II (1-3) (SP) Independent research and group discussion.
ECON700V Doctoral Dissertation (1-18) (FA, SP, SU) Prerequisite: candidacy.
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