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College of Business

Graduate Courses

To find out which of these classes is offered in a particular semester, see the Class schedules.

Graduate Economics courses

5010. Advanced Macroeconomic Analysis. 3. 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.

5020. Advanced Microeconomic Analysis. 3. 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.

5110. Advanced Topics in Economic Theory. 3. A study of selected topics in modern economic theory. Topics include growth theory, optimal control, dynamics, uncertainty, and game theory. Prerequisites: ECON 5010, 5020.

5115. Time Series Analysis and Forecasting. 3. An applied introduction to time series and forecasting. Brief coverage of time series regression, decomposition methods, and smoothing will lead into a more detailed coverage of Box-Jenkins (ARIMA) modeling. Computer analysis using MINITAB and SAS will be an important part of the course. Dual listed with ECON 4115; cross listed with STAT 5115. Prerequisite: STAT 3050 or equivalent, STAT 4015/5015 recommended.

5120. Advanced Analysis II-Microeconomics. 3. Part of a sequence with ECON 5020. It is advanced microeconomic analysis covering general equilibrium and welfare economics, and advanced topics in consumption and production theory. Prerequisites: ECON 5010, 5020.

5130. Dynamic Optimization. 3. 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. Prerequisites: ECON 5020, 5370.

5300. Game Theory. 3. Discusses a variety of important concepts in the application of game theory to modern microeconomics, including Nash equilibrium, subgame perfect equilibrium,and Bayesian Nash equilibrium. Time permitting, the class will also explore some relatively new uses of game theory, including evolutionary games and differential games. Prerequisite: admission to the graduate program in Economics.

5310. Research Methods. 3. A variety of topics of importance to the advanced student who is preparing to write his or her dissertation are discussed. Prerequisite: admission to the graduate program in Economics.

5320. Experimental Methods in Economics. 3. Accepted experimental techniques in behavioral economics are studied. Critical review of previous experimental work is used to learn proper procedure. The value of subject control and creative construction is stressed. Prerequisites: ECON 3010, 3020.

5330. Advanced Mathematical Economics. 3. Study of the principal mathematic techniques used in economic theory and modeling. Taught jointly with ECON 5020. Prerequisite: graduate standing.

5340. Applied Econometrics. 3. Presents a thorough coverage of the general and normal linear regression models. Then proceeds 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. Prerequisites: ECON 3010, 3020 and STAT 2010.

5350. Advanced Econometric Theory I. 3. Review topics in probability theory and mathematical statistics. Also provides an introduction to the classical linear regression model, estimation, hypothesis testing, and prediction. Prerequisites: Calculus and Basic Statistics.

5360. Advanced Econometric Theory II. 3. 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. Prerequisite: ECON 5350.

5370. Advanced Econometric Theory III. 1 - 3 (Max 9). More in-depth coverage of topics in ECON 5350 and 5360. Topics are selected based on current advancements in econometrics and students' research interests and 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. Prerequisite: ECON 5360.

5400. Advanced Resource and Environmental Economics. 3. This course examines how we use economics to sharpen natural resource use and environmental policy. We focus on the behavioral and institutional underpinnings of market success and failures, choice under risk, time, space, conflict, cooperation, incentive design, non-market valuation, and prosperity. Prerequisite: ECON 3020, 4400 or consent of instructor.

5410. Seminar in Advanced Resource and Environmental Economics. 1-3 (Max. 6). This course explores the modern theory and empirics in environmental and natural resource economics. We focus on cost-benefit analysis, land use, energy, biodiversity protection, climate change, forestry, ecosystem services, fisheries, water, and sustainable development. Prerequisites: ECON 4400 and ECON 5020.

5520. Advanced Public Economics. 3. This course examines when and what policies maximize welfare, and their distributional impact. It addresses market failures and behavioral biases as potential justifications for government intervention. It also addresses preferences for redistributions, benefit-cost analysis, the economics of taxation, information and nudges. Prerequisite: ECON 5010, 5020 or equivalent.

5640. Financial Economics I. 3. Focuses on theoretical topics. Covers optimal portfolio selection under uncertainty and differential information as well as fundamental theoretical issues in banking and financial intermediation. In the latter part of the semester, students 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: PhD-level microeconomics class (5020) and at least one 4000-level finance class.

5650. Financial Economics II. 1-3 (Max. 6). Topics include corporate finance, capital structure and the theoretical valuation of financial securities; also, asset pricing and financial econometrics. Prerequisite: ECON 5640.

5700. Advanced Economic Development. 3. 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. Prerequisites: ECON 5010, 5020.

5720. Advanced International Economics. 3. 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.

5730. Advanced Regional Analysis. 3. 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. Prerequisites: ECON 3010, 3020 and 4600 or equivalents.

5820. Advanced Industrial Organization and Public Policy. 3. 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.

5830. Empirical Industrial Organization. 3. Focuses on methods of analyzing data and testing 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. Prerequisite: admission to the graduate program in Economics and Finance.

5840. Advanced Public Utility Economics. 3. 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. Specifically covers market structures, systems of incentives, laws and administrative procedures, and economic performance in the field of regulation. Prerequisite: ECON 4840 or equivalent.

5890. Seminar in Advanced Economics. 1-3 (Max. 9). An advanced tutorial-conference course intended to give graduate students experience in research in economic problems. Prerequisite: consent of instructor.

5890. Frontiers of Economics. 1-3 (Max. 3). Prerequisite: consent of instructor.

5900. Practicum in College Teaching. 1-3 (Max. 3). Work in classroom with a major professor. Expected to give some lectures and gain classroom experience. Prerequisite: graduate standing.

5920. Continuing Registration: On Campus. 1-2 (Max. 16). Prerequisite: advanced degree candidacy.

5940. Continuing Registration: Off Campus. 1-2 (Max. 16). Prerequisite: advanced degree candidacy.

5959. Enrichment Studies. 1-3 (Max. 99). Designed to provide an enrichment experience in a variety of topics. Note: credit in this course may not be included in a graduate program of study for degree purposes.

5960. Thesis Research. 1-12 (Max. 24). Designed for students who are involved in research for their thesis project. Also used for students whose coursework is complete and are writing their thesis. Prerequisite: enrolled in a graduate degree program.

5990. Internship. 1-12 (Max. 24). Prerequisite: graduate standing.

Contact Us

Department of Economics

College of Business Department 3985

Laramie, WY 82071

Phone: 307-766-2175

Fax: 307-766-4028


Department of Economics
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