Course Descriptions
Pending approval for Distance Delivery
It is anticipated
that this program will be fully online by Fall 2008.
Course Descriptions
Econ 410 - Empirical Methods in Economics I - 3 credits
Prerequisites: Econ 201, 202 and 210.
This course is an introduction to econometrics,
the joint area of economics and statistics dealing with the application of statistics
to economic problems. The course objectives are to acquire a basic understanding
of the theory and methods of econometrics and to gain practical experience in
utilizing these methods. The students will use the tools developed in the course
in homework and written assignments so that they can develop an insight to theory
and its application.
Econ 411 - Empirical Methods in Economics II - 3 credits
Prerequisite: Econ 410.
A continuation of Econ 410, but with a major emphasis
on business and economic forecasting. As with Econ 410, there is a heavy emphasis
on solving practical problems of the major types common in the Economics profession.
Econ 416 - Mathematics for Economists - 3 credits
Prerequisite: Econ 308 and 309; Math 146 or 165.
Study of mathematical methods
in the areas of introductory calculus and linear algebra, and their application
to economic analysis. Mathematical analysis of static and dynamic equilibrium
models, growth models, distribution, production functions, cycles, activity
analysis, mathematical programming, and model building.
Econ 504 - Advanced Price Theory - 3 credits
Prerequisites: Econ 308 and 416.
Economic theory
and methodology; theory of consumer behavior and
demand; theory of production and distribution;
equilibrium in commodity and factor markets; general
equilibrium and welfare; behavior of economic agents
in imperfect competition. Particular attention
is given to efficiency and equity ramifications
of perfectly competitive economic systems.
Econ 505 - Advanced Macroeconomic Theory - 3 credits
Prerequisites: Econ 309
and 416.
Advanced study of macroeconomic theoretical models with particular attention
to the analysis of business cycles, income growth and evaluation of public
policies concerned with inflation and unemployment.
Econ 524 - Applied Economic Analysis I - 3 credits
Prerequisites: Econ 410,
411, 416 and 505.
Studies of economic impact, with emphasis on defined area employment,
income, tax base, infrastructure and business feasibility. Students will
be expected to design and complete studies of professional quality using
the tools of economic theory and econometrics, including input-output analysis
and gravity/entropy models.
Econ 534 - Applied Economic Analysis II - 3 credits
Prerequisites: Econ 410,
411, 416 and 504.
Economic theory and econometric methods are applied to typical
business problems. Examples include cost estimation, product demand, learning
models, scale and size economies, quality change, wage determination and
discrimination, investment expenditure, public utility demand, advertising,
factor requirements and optimization of factor mix.
Econ 597 - Economic Research Internship - 3 credits
MSAE students are required
to participate in a research internship unless they have chosen the thesis
option. Interns may be assigned to governmental agencies, businesses, community
organizations or partnered with faculty members engaged in research.
Econ 997 - Independent Study - 2 credits
The independent study requires the
student to investigate a topic in applied economics and to prepare a formal
report satisfactory to the MSAE program director.
Econ 998 - Thesis - 4 credits
The thesis is an original research project completed
under the supervision of a thesis committee.
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