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Department of Economics Accepted by Department September 20, 2005—addition of 6511 and deletion of discontinued courses 5-08-08; change 6400
1
Econ 6101: Seminar: Microeconomic Theory I 4 Units
[Two course sequence]
Module 1 (Econ 6101): Catalog Description: First of two-quarter sequence: Selected topics in periodical literature in consumer behavior; price determination; and resource allocation patterns in a decentralized economy.
Prerequisites: ECON 3005 and ECON 3000 or 3551; and the math admission requirements for the M.A. in Economics.
Course Sequence Learning Objectives:
Upon successful completion of the course sequence a student will be able to:
- Understand all aspects of intermediate microeconomic theory (Econ 3000).
- Have the ability to teach Principles of Microeconomics (Econ 2301).
- Have a familiarity with the seminal literature in the field of microeconomic theory.
- Have the economic knowledge necessary to take PhD-level economic courses grounded in microeconomic thinking without remediation.
- Apply microeconomic theory to a variety of real-world business and public policy situations.
- Relate economic analysis in speaking, in writing, in mathematical models and in diagrams.
- Critically understand and analyze (correct and incorrect) economic analysis, as presented by academics, journalists, public policy makers, business leaders, and elected officials.
Assessment Methods:
A variety of methods might be used to assess student learning, including:
- Examinations: Concepts and problem solving exercises
- Exercises: Problem sets and essay questions probing students to apply principles
- Quantity and quality of class participation
- Write a paper analyzing a critical component of microeconomic theory
- Present written work in class
- Use computer technologies to enhance written and oral communication
Department of Economics Accepted by Department September 20, 2005—addition of 6511 and deletion of discontinued courses 5-08-08; change 6400
2
6102: Seminar: Microeconomic Theory II 4 Units
[Two course sequence]
Module 2 (Econ 6102): Catalog Description: Second of two-quarter sequence: Selected topics in periodical literature in general equilibrium; welfare theory and economic efficiency; capital theory.
Prerequisites: Econ 6101.
Course Sequence Learning Objectives:
Upon successful completion of the course sequence a student will be able to:
- Understand all aspects of intermediate microeconomic theory (Econ 3000 and Econ 4000).
- Have the ability to teach Principles of Microeconomics (Econ 2301).
- Have a familiarity with the seminal literature in the field of microeconomic theory.
- Have the economic knowledge necessary to take PhD-level economic courses grounded in microeconomic thinking without remediation.
- Apply microeconomic theory to a variety of real-world business and public policy situations.
- Relate economic analysis in speaking, in writing, and in mathematical and diagrams.
- Critically understand and analyze (correct and incorrect) economic analysis, as presented by academics, journalists, public policy makers, business leaders, and elected officials.
Assessment Methods:
A variety of methods might be used to assess student learning, including:
- Examinations: Concepts and problem solving exercises
- Exercises: Problem sets and essay questions probing students to apply principles
- Quantity and quality of class participation
- Write a paper analyzing a critical component of microeconomic theory
- Present written work in class
- Conduct a short class in introductory economics in which a concept is explained and demonstrated.
- Use computer technologies to enhance written and oral communication
Department of Economics Accepted by Department September 20, 2005—addition of 6511 and deletion of discontinued courses 5-08-08; change 6400
4
Econ 6200: Seminar: Comparative Economic Systems 4 Units
Catalog Description: Selected problems and approaches to resource allocation, income distribution, economic development, and planning in alternative economic systems.
Prerequisites: ECON 3005 and 3000 or 3551; and the math admission requirements for the M.A. in Economics.
Course Learning Objectives:
Upon successful completion of the course a student will be able to:
- Understand the nature of an economic system; varieties of economic systems.
- Understand various possible criteria for judging the success of economic systems.
- Understand the relationships among the concepts of “market failure,” “government failure,” property rights, transaction costs, and culture.
- Understand the nature of anarchy and possible explanations for the emergence of government.
- Understand the nature of minimal-state libertarianism and its assumptions about government failure; the northern United States before the American Civil War.
- Understand the nature of classical liberalism and its assumptions about market failure and economic inequalities; capitalism and historians of the “Industrial Revolution” and the Great Depression.
- Understand the nature of social democracy and its assumptions about the systematic effects of empowering the state to confiscate some people’s assets and incomes for the benefit of others.
- Understand classical and modern versions of Marxism.
- Understand the famous “calculation debate” concerning the feasibility and potential of socialism
- Understand the assumptions of market socialism; realities of Hungary pre-1989.
- Understand the economics of syndicalism; realities of the former Yugoslavia.
- Understand the nature of centrally-planned economies; Mao Zedong’s China and the former Soviet Union; the relationship between economic freedom and political freedom.
- Understand the nature of efforts to transform Russia and China.
- Understand the dynamics of democratic, “mixed or middle-way economies”.
- Read and interpret economic literature on economic systems.
Assessment Methods:
A variety of methods might be used to assess student learning, including:
- Examinations: Concepts and problem solving exercises
- Exercises: Problem sets and essay questions probing students to apply principles
- Quantity and quality of class participation
- Write a paper applying economic of economic systems
- Present written work in class
- Use computer technologies to enhance written and oral communication
Department of Economics Accepted by Department September 20, 2005—addition of 6511 and deletion of discontinued courses 5-08-08; change 6400
5
Econ 6215: Economics for Managers in a Global Economy
Catalog Description: Economics for business managers – economic systems; supply, demand, prices and decision making in a global economy; interest rates and the value of currencies; the money supply process, business cycles, and inflation; market structures and production decisions; long-term economic growth determinants.
Prerequisites: All CBE and University proficiencies, including the UWSR, and all MBA.
Learning Objectives:
Upon successful completion of this course, a student will be able to:
- Understand the economic system within which managers of firms must function.
- Understand the key economics principles that help managers make better decisions.
- Understand the basic forces governing operations of markets.
- Use their understanding of international trade and finance models to better identify the impact on the global operations of firms from changes in macroeconomic, international trade and investment policies.
- Understand how interest rates, inflation rates, asset prices and exchange rates are determined and affect each other so as to use this knowledge in practical decision making.
- Understand the workings and roles of various international economic institutions, (such as the International Monetary Fund, the World Bank and the World Trade Organization), and how they may impact the global operation and decision making of firms.
- Distinguish relevant from irrelevant costs in decision making.
- Characterize the conditions under which a loss-making enterprise should continue to operate in the short run and long run.
Assessment Methods:
A variety of methods might be used to assess student learning, including:
- Examinations: Concepts and problem solving exercises
- Exercises: Problem sets and essay questions probing students to apply principles
- Quantity and quality of class participation
- Write a paper applying economic of economic systems
- Present written work in class
- Use computer technologies to enhance written and oral communication
Department of Economics Accepted by Department September 20, 2005—addition of 6511 and deletion of discontinued courses 5-08-08; change 6400
7
Econ 6315: Seminar: Monetary Theory 4 Units
Catalog Description: Review of periodical literature on static and dynamic issues of the supply and demand for money.
Prerequisites: Prerequisites: ECON 3005 and 3000 or 3551; and the math admission requirements for the M.A. in Economics
Course Learning Objectives:
Upon successful completion of the course a student will be able to:
- Understand various concepts of money and money substitutes.
- Understand the sources of money and money substitutes.
- Explain and anticipate the consequences of changes in the quantity of money on such economic variables as interest rates, inflation, the exchange rate, and unemployment.
- Apply knowledge of the seminal literature in monetary theory.
Assessment Methods:
A variety of methods might be used to assess student learning, including:
- Examinations: Concepts and problem solving exercises
- Exercises: Problem sets and essay questions probing students to apply principles
- Quantity and quality of class participation
- Write a paper applying monetary theory
- Present written work in class
- Use computer technologies to enhance written and oral communication
Department of Economics Accepted by Department September 20, 2005—addition of 6511 and deletion of discontinued courses 5-08-08; change 6400
8
Econ 6370: Seminar: Public Sector Economics 4 Units
Catalog Description: Economic analysis as applied to the public sector including public finance, welfare economics, public expenditure evaluation, theories of taxation, analysis of the U.S. tax structure, public choice, and policy issues.
Prerequisites: Prerequisites: ECON 3005 and 3000 or 3551; and the math admission requirements for the M.A. in Economics.
Course Learning Objectives:
Upon successful completion of the course a student will be able to:
- Critically assess the current motivations for and the efficacy of government interventions in the economy.
- Effectively communicate the essence of taxation theory, including tax incidence, tax efficiency, and tax equity.
- Apply knowledge of the seminal literature in the areas of public goods, externalities, public choice, and taxation.
- Critically analyze alternative taxation schemes.
Assessment Methods:
A variety of methods might be used to assess student learning, including:
- Examinations: Concepts and problem solving exercises
- Exercises: Problem sets and essay questions probing students to apply principles
- Quantity and quality of class participation
- Write a paper applying economic theories to public sector issues
- Present written work in class
- Use computer technologies to enhance written and oral communication
Department of Economics Accepted by Department September 20, 2005—addition of 6511 and deletion of discontinued courses 5-08-08; change 6400
10
Econ 6511: Advanced Applied Econometrics 4 Units
Catalog Description: Applied Statistical Models, including multiple regression, simultaneous equation models, time series models, and logistic regression / binary choice models.
Prerequisites: ECON 6400 or STAT 6509.
Course Learning Objectives:
Upon successful completion of the course a student will be able to:
- Understand how to analyze binary outcome and time-dependent economic data.
- Understand advanced statistical tools economists use in empirical research.
- Interpret the meaning of the models and the terms composing the models.
- Apply the statistical tools that economists use to analyze complex data sets.
- Understand existing data available for empirical research in economics.
Assessment Methods:
A variety of methods might be used to assess student learning, including:
- Examinations: Concepts and problem solving exercises
- Exercises: Problem sets and essay questions probing students to apply principles
- Quantity and quality of class participation
- Write a paper applying econometrics
- Present written work in class
- Use statistical package to analyze economic data
- Use computer technologies to enhance written and oral communication
Department of Economics Accepted by Department September 20, 2005—addition of 6511 and deletion of discontinued courses 5-08-08; change 6400
11
Econ 6520: Seminar: Industrial Organization 4 Units
Catalog Description: Selected topics in industrial organization and public policy including antitrust policy.
Prerequisites: Prerequisites: ECON 3005 and 3000 or 3551; and the math admission requirements for the M.A. in Economics.
Course Learning Objectives:
Upon successful completion of the course a student will be able to:
- Explain the seminal literature in industrial organization.
- Critically assess the efficacy of past and current industrial policy.
- Evaluate the structure, conduct, performance paradigm and its shortcomings and extension.
- Integrate various theories, problems, and perspectives to begin the process of developing an innovative research agenda.
Assessment Methods:
A variety of methods might be used to assess student learning, including:
- Examinations: Concepts and problem solving exercises
- Exercises: Problem sets and essay questions probing students to apply principles
- Quantity and quality of class participation
- Write a paper applying economic theory to antitrust policy
- Present their written work in class
- Use computer technologies to enhance written and oral communication
Department of Economics Accepted by Department September 20, 2005—addition of 6511 and deletion of discontinued courses 5-08-08; change 6400
13
Econ 6700: Seminar: International Trade 4 Units
Catalog Description: Selected topics in the modern theory of international trade and investment, multinational enterprise, commercial policy and international trading systems and methods.
Prerequisites: ECON 3005; ECON 3000 or 3551; and the math admission requirements for the M.A. in Economics.
Course Learning Objectives:
Upon successful completion of the course a student will be able to:
- Understand the various reasons why countries engage in international trade, including the direction and volume of trade between nations.
- Use models of trade to demonstrate the overall gains from trading as well as the effects on income distribution within countries due to trade with foreign nations.
- Understand how international factor mobility affects an economy.
- Analyze current issues and policies using the concepts of international trade theory.
- Understand the role key international institutions play in affecting trade flows across the world.
Assessment Methods:
A variety of methods might be used to assess student learning, including:
- Examinations: Concepts and problem solving exercises
- Exercises: Problem sets and essay questions probing students to apply principles
- Quantity and quality of class participation
- Write a paper applying economic theory to issues of trade between countries
- Present written work in class
- Use computer technologies to enhance written and oral communication
Department of Economics Accepted by Department September 20, 2005—addition of 6511 and deletion of discontinued courses 5-08-08; change 6400
14
Econ 6710: Seminar: Economic Development 4 Units
Course Description: Selected topics in the theory and practice of international economic development with a focus on the nature and causes of development in specific areas and nations of the world.
Prerequisites: ECON 3005; ECON 3000 or 3551; and the math admission requirements for the M.A. in Economics.
Course Learning Objectives:
Upon successful completion of the course a student will be able to:
- Understand the causes of underdevelopment in the Third World.
- Understand the role of agriculture, industry, and trade in the development process of the less developed countries.
- Understand the extent to which economic theories may be helpful in the design of development policies in the less developed countries.
- Write an informative and persuasive paper of approximately 20 pages, with correct spelling, grammar, and construction in an area of international economic development.
Assessment Methods:
A variety of methods might be used to assess student learning, including:
- Examinations: Concepts and problem solving exercises
- Exercises: Problem sets and essay questions probing students to apply principles
- Quantity and quality of class participation
- Write a paper applying economic theory to
- Present written work in class
- Use computer technologies to enhance written and oral communication
