Economics

Graduate Courses in Economics

6E:200 Economic Analysis I (3 s.h.)
Theory of the competitive firm, theory of the consumer, noncompetitive models of the firm; optimization, constrained optimization, comparative statics, introduction to game theory. Prerequisites: 6E:104, 22M:026, or equivalent.

6E:201 Economic Analysis II (3 s.h.)
General equilibrium and welfare analysis, behavior under uncertainty, macroeconomic models; dynamic programming, asset pricing, saving and consumption. Prerequisites: 6E:105, 22M:026, or equivalent.

6E:203 Microeconomics I (3 s.h.)
Price theory; emphasis on problem formulation and solving, economic intuition; producer and consumer behavior, competitive and noncompetitive markets, welfare economics. Offered fall semesters. Consent of instructor required.

6E:204 Macroeconomics I (3 s.h.)
Economic growth; business cycles; asset pricing; the role of money in the macro-economy; search theory; unemployment. Prerequisite: 6E:201 or consent of instructor.

6E:205 Microeconomics II (3 s.h.) Behavior under uncertainty, general equilibrium and welfare analysis, models with asymmetric information. Offered spring semesters. Prerequisite: 6E:203 or consent of instructor.

6E:206 Macroeconomics II (3 s.h.)
Dynamic macroeconomic models; stochastic macroeconomics; time consistency equilibrium business cycle theory. Offered spring semesters. Prerequisite: 6E:204 or consent of instructor.

6E:211 Mathematical Economics I (3 s.h.)
Convex analysis in economic theory; ordinal and cardinal preference relations; quasiconcave, concave numerical representations; separation principle for convex sets—linear programming, concave programming; Brouwer fixed point theorem; existence of competitive equilibrium. Prerequisite: 6E:205 or consent of the instructor.

6E:221 Econometrics (3 s.h.)
Statistical inference in single, multiple equation stochastic models, models with nonindependent or nonidentically distributed error structure, dynamic models; OLS, GLS, IV, ML estimation; asymptotic distribution theory; exact, asymptotic hypothesis tests. Prerequisite: 22S:154 or equivalent.

6E:222 Applied Econometrics (3 s.h.)
Empirical problems; multiple linear regression, nonlinear regression, maximum likelihood, hazard functions, univariate and multivariate time series, flexible functional forms. Prerequisite: 6E:221.

6E:223 Econometric Theory I (3 s.h.)
Statistical theory underlying econometric inference; emphasis on estimation, hypothesis testing in linear models. Prerequisite: 6E:221.

6E:234 International Business—MBA (3 s.h.)
Problems in international business; how to export, how to deal with import competition, international joint ventures; country studies. Prerequisite: consent of instructor.

6E:235 International Trade Theory (3 s.h.)
The theory of international trade, including basic models of international trade; capital and labor mobility and trade; protection of international trade; the political economy of international trade; empirical applications of international trade. Consent of instructor required.

6E:241 Macroeconomics III (2-6 s.h.)
Current research in macroeconomics; development of research topics with emphasis on theoretical, empirical analysis. Prerequisites: 6E:205 and 6E:221.

6E:245 Monetary Theory (2-3 s.h.)
Research at the frontier of monetary theory and policy; overlapping generations models, search models of money, representative agent monetary models, intermediation and banking theory, and financial contracts. Consent of instructor required.

6E:250 Labor Economics (3 s.h.)
Problems, models, including intertemporal models of labor markets; uncertainty and labor market activity; retirement decisions, economic theories of fertility; economics of discrimination; job search models; economic models of unions; bargaining and strikes, public sector labor markets; determinants of income distribution; emphasis on empirical verification of theory. Prerequisites: 6E:205, and 6E:221 or 6E:184.

6E:271 Industrial Organization (2-4 s.h.)
The firm, monopolistic competition, oligopoly, and workable competition; industrial organization, nature of equilibrium under uncertainty. Prerequisites: 6E:205 and 6E:211.

6E:273 The Economics of E-Commerce (3 s.h.)
Economic principles applied to strategic questions in the information economy and to issues such as pricing, compatibility, intellectual property; how to manage a company's information assets wisely and profitably. May be repeated.

6E:299 Contemporary Topics in Economics (arr.)
Topics not offered in other courses. May be repeated. Consent of instructor required.

6E:300 Readings in Economics (arr.)
Consent of instructor required.

6E:301 Thesis in Economics (arr.)
Consent of instructor required.

Advanced Graduate Seminars

6E:302 Dissertation Seminar (1-3 s.h.)
Approval of prospectus required.

6E:305 Economics Seminar (arr.)

6E:310 Seminar in Economic Theory (arr.)
Consent of instructor required.

6E:321 Workshop in Microeconomics (1 s.h.)
Consent of instructor required.

6E:322 Workshop in Macro and Monetary Economics (1 s.h.)
Consent of instructor required.

6E:323 Workshop in Applied Econometrics and Statistics (arr.)
Consent of instructor required.