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Economics (ECON)

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Gary D. Ferrier
Department Chair
402 WCOB
479-575-ECON (3266)

  • Lewis E. Epley Jr. Professorship in Economics and University Professor Ferrier
  • University Professors Britton, Gay
  • Margaret Gerig and R.S. Martin Jr. Chair in Business and Professor Farmer
  • Professors Curington, Deck, Dixon, Horowitz, Ziegler
  • ConocoPhillips Chair in International Economics and Business and Associate Professor Kali
  • Associate Professors Mendez, Reyes
  • Assistant Professors Civelli, Gu, Hao, Jahedi
  • Clinical Associate Professor Stapp
  • Clinical Assistant Professor Embaye
  • Instructor Jensen (S.)

The department of economics offers two concentrations within the business economics major:

  1. business economics
  2. international economics and business

The concentration in business economics is intended for those students who are interested primarily in business, but at the same time have a desire to understand the more advanced tools of economic analysis. Such a background is excellent preparation for careers in corporate research and planning, as well as careers with government and regulatory agencies, for graduate study in business and economics, and for law school. Students who want to pursue an advanced degree in business economics can, with appropriate planning, complete a master’s degree at the University of Arkansas within 12 months after receiving a B.S.B.A. degree. Please see the economics department chair for more information.

The international economics and business concentration is intended for students who wish to learn more about the international aspects of economics and business. It provides preparation for a broad range of careers in business, including management, marketing, and finance.

It is strongly recommended that economics majors who plan to continue their studies at the graduate level take at least two semesters of calculus (MATH 2554 and MATH 2564) and linear algebra (MATH 3083). These courses will substitute for the math courses required within Walton College core (MATH 2043 and MATH 2053).

Business Economics Concentration

The major in Business Economics requires 24 hours of major and collateral courses in the discipline as well as satisfying the other requirements for the B.S.B.A. degree. A maximum of 27 hours is allowed in a WCOB major or discipline field of study (i.e., core, major, electives) unless the extra courses are part of an interdisciplinary minor or collateral track. See an adviser for selection of courses. The courses required for the business economics concentration include those required in Walton College and Fulbright College. In addition, 15 hours of specified courses (listed below) are required:

Complete the B.S.B.A. degree requirements. Hours
Total General Education 60
Walton College Core Requirements (See degree requirements) 33
Course Requirements in the concentration 24
ECON 3033 Microeconomic Theory 3
ECON 3133 Macroeconomic Theory 3
ECON 4333 Economics of Organizations 3
ECON 4743 Intro. to Econometrics, or ECON 4753 Forecasting 3
Nine hours of ECON 3000/4000 9
Collateral Course (may be selected from MATH 2603, MATH 2564, MATH 2574, AGEC 3413, AGEC 5133, GEOG 3353, and any upper division course in ACCT, FINN, ISYS, MGMT, MKTG, MATH, and STAT) 3
Junior- senior-level electives within Walton College 15
Maximum of 27 hours of ECON courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
Total Walton College Requirements 60
Total Degree Requirements 126

International Economics and Business Concentration

The major in International Economics requires 24 hours of major and collateral courses in the discipline as well as satisfying the other requirements for the B.S.B.A. degree. A maximum of 27 hours is allowed in a WCOB major or discipline field of study (i.e., core, major, electives) unless the extra course is part of an interdisciplinary minor or collateral track. See an adviser for selection of courses. The courses required for the international economics and business concentration include those required in Walton College and Fulbright College. In addition, 24 hours of economics and business courses, six hours of a single foreign language at the intermediate level or above, and three hours at the upper-division level in business communications, or equivalent, in the same foreign language are specified, and nine hours of upper division courses in the Fulbright College in an area of study related to the foreign language studied.

Complete the B.S.B.A. degree requirements. Hours
University Core 35
Additional University Core 9
Walton College Core Requirements (See degree requirements) 33
Course Requirements in the concentration 24
ECON 3033 Microeconomic Theory 3
ECON 3133 Macroeconomic Theory 3
ECON 4633 International Trade 3
ECON 4643 International Macroeconomics and Finance 3
ECON electives or Collateral Courses
Select two classes (six hours) from the following:
FINN 3703 International Finance
MGMT 4583 International Management
MKTG 4633 Global Marketing
SPCM 3643 International Transportation and Logistics
ECON 3853 Emerging Markets
ECON 3843 Economic Development, Poverty, & Role of World Bank and IMF
ECON 3933 The Japanese Economic System
Other courses may fulfill this requirement as approved by the economics department chair
6
6
Foreign Language Requirements 9

Students whose native language is English or whose native language is not taught at the University of Arkansas must complete nine hours of university course work in a single foreign language — six hours of intermediate language and three hours of upper-division course work in communications and business language, or equivalent. Students who, on the basis of prior knowledge of language, omit one or both courses in the intermediate language sequence — at 2003 and 2013 level — may receive degree credit for omitted courses if they validate their higher placement by passing the business language course (or equivalent) with a grade of “C” or above. Students with no previous foreign language training or only rudimentary knowledge of a foreign language will be required to complete up to six hours of elementary language — at 1003 and 1013 level — in addition to the nine hours of language specified above.

Students may select one of the following language tracks: 

  • Arabic – ARAB 2013, ARAB 2016, ARAB 3016, or equivalent
  • Chinese – CHIN 2003, CHIN 2013, CHIN 3033, and any other upper division CHIN
  • French – FREN 2003, FREN 2013, FREN 4333, FREN 3033 or FREN 3003
  • German – GERM 2003, GERM 2013, GERM 3003, and GERM 4333
  • Italian – ITAL 2003, ITAL 2013, ITAL 3003, and ITAL 3013
  • Japanese – JAPN 2003, JAPN 2013, JAPN 3003, and JAPN 3013
  • Spanish – SPAN 2003, SPAN 2013, SPAN 3003, and SPAN 4333

Students whose native language is not English but is taught at the University of Arkansas must select a third language from the list above, or substitute six hours of upper-division English language courses (i.e., speech, writing, or U.S. literature), to be selected with the consent of the department chair. Those students whose native language is not taught at the University of Arkansas will normally be required to select a third language.

Area Studies Requirements Hours
For students taking a foreign language, nine hours of upper-division course work in the J. William Fulbright College of Arts and Sciences are required. Domestic students can satisfy this requirement in one of three ways: 9
  1. any upper division foreign language course,
  2. minor in a foreign language, and/or
  3. select upper division courses related to the foreign language to include:
  • Arabic – any upper division course for Middle Eastern Studies (MEST) to include MEST 4003, MEST 4003H or additional courses listed under MEST in the university catalog
  • Chinese/Japanese/Asian Studies – any upper division course for Asian Studies (AIST)
  • French – any upper division course for EUST
  • German – any upper division course for EUST
  • Italian – any upper division course for EUST
  • Spanish – any upper division course for Latin American Studies (LAST) or European Studies (EUST) to include LAST 4003, LAST 4003H, or additional courses listed under LAST in the university catalog, or EUST 399VH, EUST 4003, EUST 4003H, EUST 470V, or EUST 470VH or additional courses listed under EUST in the University catalog.

International students may satisfy this requirement in one of two ways:

  1. For students who choose to take a third language, area studies requirements are the same as those for domestic students.
  2. For students who choose to take six hours of upper division English to satisfy their language requirement, 9 hours of upper division course work in the J. William Fulbright College of Arts and Sciences pertaining to the United States to include any upper division course for American Studies (AMST) listed in the university catalog.
Junior- senior-level electives within Walton College 13
Maximum of 27 hours of ECON courses in department (core, major, elective). More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track.
General Education Electives 7
Total Degree Requirements 126
Economics B.S.B.A., Business Economics Concentration

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree completion Policy in the Academic Regulations chapter for university requirements of the program. The Economics major has two concentrations: Business Economics, and International Economics and Business. The eight-semester plans for both are listed below.

Courses in BOLD must be taken in the designated semester.Courses in ITALIC may be taken in varied sequences as long as other designated require ments for these course are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

Fall Semester Year 1

3 ENGL 1013 Composition I – University Core

3 MATH 2053 Finite Math – University Core

3 COMM 1313 Public Speaking

1 WCOB 1111 Freshman Business Connections

2 WCOB 1012 Legal Environment of Business *

0 WCOB 1120 Computer Competency Requirement

3 U.S. History or Political Science – University Core

15 Semester Hours

Spring Semester Year 1

3 ENGL 1023 Composition II (University Core)

3 WCOB 1023 Business Foundations

3 WCOB 1033 Data Analysis and Interpretation

3 ECON 2023 Microeconomics – University Core

4 Natural Science – University Core

16 Semester Hours

Fall Semester Year 2

3 MATH 2043 Survey of Calculus **

3 ECON 2013 Macroeconomics ** - University Core

6 Select TWO of the following:

WCOB 2013 Markets and Consumers
WCOB 2023 Production and Delivery of Goods and Services
WCOB 2033 Acquiring and Managing Human Capital
WCOB 2043 Acquiring and Managing Financial Resources

3 Social Science – University Core

3 Fine Art/Humanities – University Core

18 Semester Hours

Spring Semester Year 2

3 Fine Art/Humanities – University Core

4 Natural Science – University Core

3 Business Social Science

6 Select TWO of the following not completed in previous semester:

WCOB 2013 Markets and Consumers
WCOB 2023 Production and Delivery of Goods and Services
WCOB 2033 Acquiring and Managing Human Capital
WCOB 2043 Acquiring and Managing Financial Resources

16 Semester Hours

ALL pre-business requirements should be met by end of term

Fall Semester Year 3

3 ECON 3033 Microeconomic Theory

3 ECON elective

6 WCOB 3016 Business Strategy and Planning

3 Junior Senior Business Elective

15 Semester hours

Spring Semester Year 3

3 ECON 3133 Macroeconomic Theory

3 ECON 4743 Introduction to Econometrics or ECON4753 Forecasting

6 Junior Senior Business Electives

3 General Education Elective

Composition Requirement has already been met ***

15 Semester hours

Fall Semester Year 4

3 ECON 4333 Economics of Organizations

3 ECON elective

3 Collateral Course

7 General Education Electives

16 Semester hours

Spring Semester Year 4

3 ECON elective

6 General Education Electives

6 Junior Senior Business Electives

15 Semester hours

126 Total hours

Economics B.S.B.A., International Economics and Business Concentration

Students wishing to follow the eight-semester degree plan should see the Eight-Semester Degree completion Policy in the Academic Regulations chapter for university requirements of the program. The Economics major has two concentrations: Business Economics, and International Economics and Business. The eight-semester plans for both are listed below.

Courses in BOLD must be taken in the designated semester.Courses in ITALIC may be taken in varied sequences as long as other designated require ments for these course are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations below are preferred.

Fall Semester Year 1

3 ENGL 1013 Composition I * – University Core

3 MATH 2053 Finite Math – University Core

3 COMM 1313 Public Speaking

1 WCOB 1111 Freshman Business Connections

2 WCOB 1012 Legal Environment of Business *

0 WCOB 1120 Computer Competency Requirement

3 FLAN 2003 Intermediate Foreign Language I

15 Semester Hours

Spring Semester Year 1

3 ENGL 1023 Composition II * - University Core

3 WCOB 1023 Business Foundations

3 WCOB 1033 Data Analysis and Interpretation

3 ECON 2023 Microeconomics – University Core

4 FLAN 2013 Intermediate Foreign Language II

16 Semester Hours

Fall Semester Year 2

3 MATH 2043 Survey of Calculus **

3 ECON 2013 Macroeconomics ** - University Core

6 Select TWO of the following:

WCOB 2013 Markets and Consumers
WCOB 2023 Production and Delivery of Goods and Services
WCOB 2033 Acquiring and Managing Human Capital
WCOB 2043 Acquiring and Managing Financial Resources

3 Social Science – University Core

3 U.S. History or Political Science

18 Semester Hours

Spring Semester Year 2

3 Fine Art/Humanities – University Core

4 Natural Science – University Core

3 Business Social Science

6 Select TWO of the following not completed in previous semester:

WCOB 2013 Markets and Consumers
WCOB 2023 Production and Delivery of Goods and Services
WCOB 2033 Acquiring and Managing Human Capital
WCOB 2043 Acquiring and Managing Financial Resources

16 Semester Hours

ALL pre-business requirements should be met by end of term

Fall Semester Year 3

3 ECON 3033 Microeconomic Theory

3 ECON or collateral elective

6 WCOB 3016 Business Strategy and Planning

3 Junior Senior Business Elective

15 Semester hours

Spring Semester Year 3

3 ECON 3133 Macroeconomic Theory

3 ECON 4633 International Trade

3 Area Studies Course

3 Junior Senior Business Elective

3 General Education Elective

Composition Requirement has already been met ***

15 Semester hours

Fall Semester Year 4

3 ECON 4643 International Macroeconomics and Finance

3 International Economics/Business elective

3 Area Studies Course

1 General Education Elective

4 Natural Science – University Core

3 Junior Senior Business Elective

17 Semester hours

Spring Semester Year 4

3 International Economics/Business elective

3 ECON or collateral elective

3 Area Studies Course

6 Junior Senior Business Electives

15 Semester hours

126 Total hours

* Must be taken prior to fall semester of sophomore year

** Must be taken prior to fall semester of junior year

*** Must be taken prior to fall semester of senior year

Economics Minor for Business Students

The Department of Economics offers a minor for Walton College students desiring more knowledge of economics to assist them in their business careers. The minor requires completion of 15 hours of study with all of the courses applied toward the minor taken in residence. The 15 hours include the following courses:

ECON 2013 Principles of Macroeconomics
ECON 2023 Principles of Microeconomics
Plus nine hours of upper division course work in economics.

Students who desire to earn an Economics minor must notify the Walton College Undergraduate Programs Office of their intent to pursue a minor. All requirements for the minor must be completed prior to the awarding of the student’s undergraduate degree. All specific course prerequisites must be met. Each student must have a 2.00 cumulative grade-point average in the courses offered for the minor.  All upper level minor requirements must be taken in residence.

 

Courses

(ECON) Economics

ECON2013 Principles of Macroeconomics (Sp, Su, Fa) Macroeconomic analysis, including aggregate employment, income, fiscal and monetary policy, growth and business cycles. Credit will be allowed for only one of ECON 2013 and AGEC 2103. Prerequisite: MATH 1203 or higher, or a score of 26 on the math component of the ACT exam, or 600 on the math component of the SAT. (Same as AGEC 2103)

ECON2013H Honors Principles of Macroeconomics (Fa) Macroeconomic analysis, including aggregate employment, income, fiscal and monetary policy, growth and business cycles. Credit will be allowed for only one of ECON 2013H and AGEC 2103. Prerequisite: MATH 1203 or higher or a score of 26 on the math component of the ACT exam, or 600 on the math component of the SAT.

ECON2023 Principles of Microeconomics (Sp, Su, Fa) Microeconomic analysis, including market structures, supply and demand, production costs, price and output, and international economics. Credit will be allowed for only one of ECON 2023 and AGEC 1103. Prerequisite: MATH 1203 or higher, or a score of at least 26 on the math component of the ACT exam, or a score of at least 600 on the math component of the SAT. (Same as AGEC 1103)

ECON2023H Honors Principles of Microeconomics (Sp) Microeconomic analysis, including market structures, supply and demand, production costs, price and output, and international economics. Credit will be allowed for only one of ECON 2023H and AGEC 1103. Prerequisite: MATH 1203 or higher, or a score of 26 on the math component of the ACT exam, or 600 on the math component of the SAT.

ECON2143 Basic Economics-Theory and Practice (Sp, Su, Fa) Surveys basic micro, macro principles and analytical tools needed to study contemporary economic problems such as inflation, unemployment, poverty, and pollution. Not open to students majoring in Economics or Business Administration.

ECON3033 Microeconomic Theory (Sp, Su, Fa) Nature, scope, and purpose of economic analysis; theories of demand, production, cost, firm behavior, allocation of resources, etc., in a market-oriented system. Prerequisite: (ECON 2013 and ECON 2023) or (ECON 2143) and (MATH 2043 or MATH 2554).

ECON3053 Economics for Elementary Teachers (Fa) For students who plan to become teachers in elementary schools. Acquaints students with basic concepts and functioning of the American economic system. Not open to students majoring in Economics or Business Administration. Prerequisite: Students must have completed at least 60 hours of coursework.

ECON3133 Macroeconomic Theory (Sp, Fa) Theoretical determinations of national aggregate employment, income, consumption, investment, price level, etc. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143) and ((MATH 2043 or MATH 2554)).

ECON3333 Public Economics (Irregular) Governmental functions, revenues; tax shifting, incidence; public expenditures, their effects; and fiscal policy. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143.

ECON3433 Money and Banking (Sp, Fa) Financial history; theory and practice of financial institutions; monetary policy in theory and practice. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143.

ECON3533 Labor Economics (Fa) Economic analysis of labor markets. Topics include analysis of labor demand and supply; human capital investment; wage differentials; discrimination; economic effects of labor unions and collective bargaining; public sector labor markets; unemployment; and labor market effects on inflation. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143

ECON3633 Economics of Advertising (Irregular) An examination of how economists define and categorize types of products and advertising campaigns. Alternative views of advertising -- persuasive vs. informative -- are discussed. Models of the relationship between advertising and sales, profits, market structure, product quality, and price are examined. Prerequisite: ECON 2023 or ECON 2143.

ECON3843 Economic Development, Poverty, & the Role of the World Bank and IMF in Low-Income Countries (Fa) Examine theories and patterns of economic development in emerging economies. The role of the World Bank and IMF as multilateral lenders and examination of their success and failures in fostering development. Measures of poverty and inequality and their implications for economic development. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143.

ECON3853 Emerging Markets (Fa) An analysis of the business and economic environment in emerging countries; focusing in Latin America, South East Asia and Transition Economies. The topics and issues covered include market structure and market failures, financial and legal background, current institutions and political economy issues, and current business opportunities. Prerequisite: ECON 2143; or ECON 2013 and ECON 2023.

ECON3933 The Japanese Economic System (Sp) This class presents essential facts about the Japanese economy and then subjects them to modern economic analyses. Japanese institutions and policies are contrasted with their American counterparts, and these economies are compared in terms of performance. Current issues including contemporary economic conditions and US - Japanese trade relations are also examined. Pre- or Corequisite: ECON 2023. Prerequisite: ECON 2013 or ECON 2143.

ECON399VH Honors Course (Irregular) (1-3) Primarily for students participating in Honors program. May be repeated for up to 6 hours of degree credit.

ECON4003H Honors Economics Colloquium (Fa) Explores events, concepts and/or new developments in the field of Economics. Prerequisite: Senior standing.

ECON4033 History of Economic Thought (Sp) Historical, critical analysis of economic theories relative to their instructional background. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143 or ECON 3053.

ECON410V Special Topics in Economics (Irregular) (1-6) Covers special topics in economics not available in other courses. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143. May be repeated for up to 6 hours of degree credit.

ECON410VH Honors Special Topics in Economics (Irregular) (1-6) Covers special topics in economics not available in other courses. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143. May be repeated for up to 6 hours of degree credit.

ECON4333 Economics of Organizations (Fa) 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. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143.

ECON4423 Behavioral Economics (Fa) Both economics and psychology systematically study human judgment, behavior, and well-being. This course surveys attempts to incorporate psychology into economics to better understand how people make decisions in economic situations. The course will cover models of choice under uncertainty, choice over time, as well as procedural theories of decision making. Prerequisite: ECON 2023 or ECON 2143.

ECON4433 Experimental Economics (Irregular) 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.

ECON450V Independent Study (Irregular) (1-6) Permits students on individual basis to explore selected topics in economics. May be repeated for up to 6 hours of degree credit.

ECON4633 International Trade (Sp, Fa) Problems of the international economy from a microeconomic perspective. Topics include analysis of the pattern and content of trade; trade in factors of production; and the applications of trade theory to the study of trade barriers such as tariffs and quotas. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143.

ECON4643 International Macroeconomics and Finance (Sp, Fa) Problems of the international economy from a macroeconomic perspective. Topics include national income accounting and the balance of payments; exchange rates and the foreign exchange markets; exchange rate policy; macroeconomic policy coordination; developing countries and the problem of 3rd world debt; and the global capital market. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143.

ECON468V International Economics and Business Seminar (Irregular) (1-6) Offered primarily in conjunction with international study abroad programs with an emphasis on international economics and business. Prerequisite: (ECON 2013 and ECON 2023) or ECON 2143. May be repeated for up to 6 hours of degree credit.

ECON4743 Introduction to Econometrics (Sp) Introduction to the application of statistical methods to problems in economics. Prerequisite: ((ECON 2013 and ECON 2023) or ECON 2143) and ((MATH 2043 or MATH 2554 or higher)) and (WCOB 1033 or STAT 2303).

ECON4753 Forecasting (Fa) The application of forecasting methods to economics, management, engineering, and other natural and social sciences. The student will learn how to recognize important features of time series and will be able to estimate and evaluate econometric models that fit the data reasonably well and allow the construction of forecasts. Prerequisite: (ECON 2013 and ECON 2023 or ECON 2143) and (MATH 2043 or MATH 2554) and (MATH 2053 or MATH 2053C) and (WCOB 1033 or STAT 2303).

ECON5233 Mathematics for Economic Analysis (Su) This course will develop mathematical and statistical skills for learning economics and related fields. Topics include calculus, static optimization, real analysis, linear algebra, convex analysis, and dynamic optimization. Prerequisite: Graduate standing and MATH 2554 or equivalent.

ECON5243 Economics of Supply Chain & Retail (Sp) This course will provide students with a strong foundation in core economics principles, with emphasis on industrial organization issues and applications geared toward the supply-chain and retail focus of the redesigned MBA program.

ECON5433 Macroeconomic Theory I (Fa) 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) 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.

ECON5613 Econometrics I (Fa) Use of economic theory and statistical methods to estimate economic models. The single equation model is examined emphasizing multicollinearity, autocorrelation, heteroskedasticity, binary variables and distributed lags. 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. (Same as AGEC 5613)

ECON5853 International Economics Policy (Irregular) An intensive analysis of the operation of the international economy with emphasis on issues of current policy interest. Prerequisite: ECON 5163.

ECON600V Master's Thesis (Sp, Su, Fa) (1-6)

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 (Sp) 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 (Sp, Su, Fa) (1-6) Independent reading and investigation in economics. May be repeated for up to 9 hours of degree credit.

ECON643V Seminar in Economic Theory and Research I (Fa) (1-3) May be repeated for up to 6 hours of degree credit.

ECON644V Seminar in Economic Theory and Research II (Sp) (1-3) Independent research and group discussion.

ECON6533 Seminar in Advanced Economics I (Irregular) This seminar will cover advanced fields of current research importance in economics. This will facilitate the development of research directions for doctoral study and research. Prerequisite: Graduate standing.

ECON6543 Seminar in Advanced Economics II (Irregular) This seminar will cover advanced fields of current research importance in economics. This will facilitate the development of research directions for doctoral study and research. Prerequisite: Graduate standing.

ECON6623 Econometrics II (Sp) Use of economic theory and statistical methods to estimate economic models. The treatment of measurement error and limited dependent variables and the estimation of multiple equation models and basic panel data models will be covered. Additional frontier techniques may be introduced. Prerequisite: ECON 5613 or AGEC 5613.

ECON6633 Econometrics III (Sp) Use of economic theory and statistical methods to estimate economic models. Nonlinear and semiparametric/nonparametric methods, dynamic panel data methods, and time series analysis (both stationary and nonstationary processes) will be covered. Additional frontier techniques may be covered. Prerequisite: ECON 5613 or AGEC 5613.

ECON6713 Industrial Organization I (Fa) This course will develop the theory of modern industrial organization. The latest advances in microeconomic theory, including game theory, information economics and auction theory will be applied to understand the behavior and organization of firms and industries. Theory will be combined with empirical evidence on firms, industries and markets. Prerequisite: ECON 5533 and ECON 6233.

ECON6723 Industrial Organization II (Sp) This course surveys firm decisions, including setting prices, choosing product lines and product quality, employing price discrimination, and taking advantage of market structure. It will also cover behavioral IO, which reconsiders the assumption that firms and consumers are perfectly rational and examines the role of regulation. Prerequisite: ECON 5233 and ECON 6253.

ECON6813 International Macroeconomics (Fa) This course covers open economy macroeconomics. It will cover static and dynamic models using continuous and discrete time techniques and computer simulations to cover the mainstream topics of international macroeconomics, including exchange rates, balance of payments, monetary models in open economies, and capital accumulation in an open economy. Prerequisite: ECON 5433 and ECON 6243.

ECON6823 International Development Economics (Sp) The course provides an introduction to graduate level Development Economics. It will introduce and analyze many of the prominent theories and empirical evidence of International Development. The class will be interactive with students reading, reviewing, and presenting seminal and frontier articles in the field. Prerequisite: ECON 5433 and ECON 5533 and ECON 6233.

ECON6913 Experimental Economics (Fa) The course develops advanced concepts in the use of controlled experiments to test economic theory and explore behavioral regularities relating to economics. The class focuses on the methodology of experimental economics while reviewing a variety of established results. Prerequisite: ECON 5533.

ECON700V Doctoral Dissertation (Sp, Su, Fa) (1-18) Prerequisite: Candidacy.