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ECON 5010. Advanced Macroeconomic Analysis. 3 credits. This course is an advanced application of economic theory to complex macroeconomics problems facing the economy of the state and nation, such as inflation, unemployment, and fiscal and monetary policies. Prerequisite: ECON 3010, 3020, or equivalent.
ECON 5020. Advanced Microeconomic Analysis. 3 credits. A rigorous course in the analysis of demand and the theory of consumer behavior, supply and the theory of the firm, market equilibrium and stability, and income distribution. Prerequisite: ECON 3010, 3020, or equivalent.
ECON 5110. Advanced Topics in Economic Theory. 3 credits. A study of selected topics in modern economic theory. Topics include growth theory, optimal control, dynamics, uncertainty, and game theory. Prerequisite: ECON 5010, 5020.
ECON 5120. Advanced Microeconomic Analysis II. 3 credits. This course is part of a sequence with Economics 5020. It is advanced microeconomic analysis covering general equilibrium and welfare economics, and advanced topics in consumption and production theory. Prerequisite: ECON 5010, 5020.
ECON 5130. Dynamic Optimization. 3 credits. Covers methods for obtaining the optimal choice for economic variables that change over time, including calculus of variations and optimal control. These methods are applied to various dynamic economic problems, including optimal resource extraction, optimal capital allocation, and optimal growth. Prerequisite: ECON 5020, 5370.
ECON 5300. Game Theory. 3 credits. This course explores various equilibrium concepts that have become important in contemporary economics, including Nash equilibrium, subgame perfect Nash equilibrium, and Bayesian Nash equilibrium. Considerable time will be devoted to the study of repeated games, with and without complete information. As time permits, we will also investigate recent innovative uses of game theory, including evolutionary and differential games. Prerequisite: ECON 5010, 5020, or equivalent.
ECON 5310. Research Methods. 3 credits. An advanced tutorial-conference course intended to give graduate students experience in research in economic problems.
ECON 5330. Advanced Mathematical Economics. 3 credits. Study of the principal mathematic techniques used in economic theory and modeling. Taught jointly with ECON 5020. Prerequisite: Graduate standing.
ECON 5340. Applied Econometrics. 3 credits. This course presents a thorough coverage of the general and normal linear regression models. The course will then proceed to deal with the standard methodologies for estimating variations of this model including autocorrelation and hetero-skedasticity, extreme multicolinearity, disturbance-related sets of regression equations, simultaneous equation bias, and simultaneous equation models. Prerequisite: ECON 3010, 3020, 4340.
ECON 5350. Advanced Econometric Theory I. 3 credits. The course will review topics in probability theory and mathematical statistics. The course will also provide an introduction to the classical linear regression model, estimation, hypothesis testing, and prediction.
ECON 5360. Advanced Econometric Theory II. 3 credits. The course will continue the analysis in ECON 5350 and cover topics such as panel data, limited-dependent variables, simultaneous systems, nonlinear models, Bayesian analysis, and time series methods.
ECON 5370. Advanced Econometric Theory III. 3 credits. The course will provide more in-depth coverage of topics in ECON 5350 and ECON 5360. Topics will be selected based on current advancements in econometrics and students' research interests. Topics may include generalized method of moments (GMM), nonparametric estimation, state-space models and the Kalman filter, mixed and nested logit models, multinomial discrete-choice models, and simulated maximum likelihood.
ECON 5400. Advanced Resource and Environmental Economics. 3 credits. An analysis of resource development projects and environmental change. Included are cost-effectiveness analysis and other quantitative techniques used in evaluating resource projects and public policy issues concerning the environment. Prerequisite: ECON 3020, 4400 or consent of instructor.
ECON 5410. Seminar in Resource and Environmental Economics. 1-3 credits (max. 6 credits). A review and analysis of contemporary resource development, allocation, and environmental issues. Emphasis is on the latest contributions to theoretical issues and policy implications of resource development and utilization. Prerequisite: ECON 4400 and 5020 or consent of instructor.
ECON 5520. Theory of Public Finance. 3 credits. A survey course covering welfare foundations of public finance, theory of public goods, benefit-cost analysis, fiscal federalism, the economics of taxation (incidence analysis, excess burden and optimal taxes), the U.S. tax system, and tax issues in open economics. Prerequisite: ECON 5010, 5020 or equivalent.
ECON 5640. Financial Economics I. 3 credits. This is one of two graduate classes in financial economics and will focus on theoretical topics. The course will cover optimal portfolio selection under uncertainty and differential information as well as fundamental theoretical issues in banking and financial intermediation. The course includes both textbook readings and assigned journal articles, as indicated below. In the latter part of the semester, students will have an opportunity to present one of the assigned articles in class and lead a discussion on it, with active participation by the entire class. Prerequisites: Recommended prerequisites include a Ph.D.-level microeconomics class (5020) and at least one 4000-level finance class. Otherwise, consent of the instructor.
ECON 5650. Financial Economics II. 3 credits. Topics include corporate finance, capital structure and the theoretical valuation of financial securities; also, asset pricing and financial econometrics. Prerequisite: Graduate standing in ECON.
ECON 5700. Advanced Economic Development. 3 credits. Explores basic growth theory, "economic history" models of economic expansion, theories of natural resource based development and trade-resource models, the role of institutions and public policy in influencing development, and the effects of population, trade and finance on development. Prerequisite: ECON 5010, 5020.
ECON 5720. Advanced Studies in International Economics. 3 credits. This is an advanced course that studies the economics of trade between nations. Important trade theories are studied along with their empirical evaluation. Time is devoted to the importance of international trade growth. Government trade policies are given theoretical and empirical evaluation. Prerequisite: ECON 5020 or consent of instructor.
ECON 5730. Advanced Regional Analysis. 3 credits. An advanced study or regional economic models. Included are structural and simulation models, regional growth models, and income estimation models. Emphasis is placed on quantitative analysis of regional growth and development. Prerequisite: ECON 3010, 3020 and 4600 or equivalents.
ECON 5820. Advanced Industrial Organization and Public Policy. 3 credits. This course is an application of market and price theory to concentration, size, competition; antitrust; close-knit and loose-knit combinations; business practices; price leadership and discrimination; delivered pricing; fair trade; unfair competition; and public policy. Prerequisite: ECON 5010, 5020, or equivalent.
ECON 5830. Empirical Industrial Organization. 3 credits. This course focuses on methods of analyzing data and tersting hypotheses arising in the field of industrial organization. Much of the material builds on concepts introduced in ECON 5020 along with concepts presented in econometrics classes. Although many of the relevant concepts are primarily covered in ECON 5820, this course can be taken before or without taking ECON 5820.
ECON 5840. Advanced Public Utility Economics. 3 credits. The course explores the contribution that economics can make to government regulation of business. Regulation theory is concerned with defining the goal of economic efficiency and providing rules for achieving it. The course specifically covers market structures, systems of incentives, laws and administrative procedures, and economic performance in the field of regulation. Prerequisite: ECON 4840 or equivalent.
ECON 5850. Seminar in Regulatory Economics. 3 credits. A seminar in advanced regulatory problems; contemporary issues in the regulation of industry and economic decision rules for regulated firms. Prerequisite: ECON 5020 or equivalent.
ECON 5920. Continuous Registration (On Campus). 1-2 credits (max. 16 credits). Advanced degree candidacy.
ECON 5940. Continuous Registration (Off Campus). 1-2 credits (max. 16 credits). Advanced degree candidacy.
ECON 5960. Thesis Research (Masters). 1-12 credits (max. 24 credits). Advanced degree candidacy.
ECON 5980. Dissertation Research (Doctorate). 1-12 credits (max. 48 credits). Advanced degree candidacy.
ECON 5990. Internship. 1-12 credits (max. 24 credits). S/U only. Prerequisite: Graduate Standing.
Graduate Finance Courses
FIN 5000. Macroeconomics and Management Finance. 3 credits. Introduction to macroeconomics and management finance. Macroeconomics helps define the environment in which firms make financial decisions. Prerequisite: ACCT 2010, STAT 2010, MATH 2350 or 2355 or consent of instructor.
FIN 5310. Investment Management and Analysis. 3 credits. The theory of investment management and security values, portfolio management including the analysis of investment policies and objectives, the analysis and use of investment information, and the development and application of the tools for determining values. Prerequisite: FIN 5510 and graduate standing.
FIN 5320. Corporate Governance. This course is designed to provide a framework to analyze issues in corporate finance and governance. The firm is viewed as a nexus of contracts designed to reduce the costs of trade. Corporate finance is regarded as an investigation of the incomplete contracts that involve the providers of capital. We will start by attempting to answer why corporations exist, and we will end by analyzing the various contracts that have been developed to protect providers of capital to firms. The second part of the course will focus on the important actors in corporate finance--managers, equity holders and bondholders--and analyze the interactions between them. The third part of the course will include presentations by students of their student papers, and an in-class final examination. Prerequisites: FIN 3250, STAT 2020, consent of instructor, graduate standing.
FIN 5400. Empirical Finance. This course involves the application of basic econometric methods to the analysis of financial data. The course is focused on empirical estimation and analysis of theoretical financial models. The study of market microstructure models and other characteristics of financial data are included.
FIN 5510. Financial Management. 3 credits. Studies of environmental influences on corporate financial decision making and measurement devices useful in corporate financial management. Prerequisite: MATH 2220, STAT 2020, ACCT 2020, COSC 1200 or equivalent; accepted in a graduate program.
FIN 5520. Seminar in Financial Theory. 3 credits. Deals with the theory and application of security analysis and portfolio management. Prerequisite: FIN 5510 or equivalent; accepted in a graduate program.
FIN 5810. Real Estate Appraisal. 3 credits. Covers the basics of appraisal, the three main approaches to valuation, reconciliation, and report. Topics of mass appraisal and multiple regression analysis are also considered. Deals with elements of real estate appraisal as they apply to residential, commercial/industrial and rural real property. Prerequisite: Prerequisites: FIN 3250 and advanced business student. Dual listed with FIN 4810.
FIN 5890. Advanced Problems in Finance. 1-8 credits (max. 8 credits). An arrangement whereby a student is permitted to develop an advanced phase of finance not offered in the formally structured courses or to investigate a finance problem, a written report is required. Prerequisite: 9 hours in finance and consent of instructor.
FIN 5900. Practicum in College Teaching. 1-3 credits (max. 3 credits). Work in classroom with a major professor. Expected to give some lectures and gain classroom experience. Graduate status.
FIN 5920. Continuous Registration (On Campus). 1-2 credits (max. 16 credits). Advanced degree candidacy.
FIN 5940. Continuous Registration (Off Campus). 1-2 credits (max. 16 credits). Advanced degree candidacy.
FIN 5960. Thesis Research (Master's). 1-12 credits (max. 24 credits). Prerequisite: Advanced degree candidacy.
FIN 5990. Internship. 1-12 credits (max. 24 credits). Prerequisite: Graduate standing.Advanced Econometric Theory II