Department of Economics and

Professor Joseph E. King, Chairperson.

Professors Elbow, Steinmeier, and Templer; Associate Professors Becker, Kruse, Lee, McComb, Rahnama, and von Ende; Assistant Professors Al-Hmoud, Carton, Crooker, Ewing, and Mulligan.

This department offers study in the following graduate degree programs: ECONOMICS, Master of Arts and Doctor of Philosophy.

Although no graduate major is offered in geography, minors for both the master's and doctor's degrees are available. The geography faculty also participates in the University's interdisciplinary Doctor of Philosophy program in LAND-USE PLANNING, MANAGEMENT, AND DESIGN and in the arid land studies, environmental evaluation, and international development plans of the Interdisciplinary Studies master's program. Selected geography graduate-level courses may be used to fulfill requirements for these degrees.

Students seeking a degree in economics should consult with the graduate advisor or the chairperson of the department.

The Master of Arts program requires a thesis and 24 semester hours beyond the bachelor's degree. A student may instead select a nonthesis 36-semester hour plan. In addition to the traditional program, the student may take courses with an applied emphasis in economics and related minor fields after consultation with the graduate advisor.

The candidate for the doctor's degree must choose three specializations from within the areas of international economics, economic development, monetary economics, public finance, labor economics, agricultural economics, natural resource economics, industrial organization, and special fields of economics.

The doctoral student in economics must demonstrate a mathematical proficiency in calculus and analytical geometry.

Courses in Economics. (ECO)

5300. The Economic Environment (3:3:0). A rigorous study of microeconomic and macroeconomic theory with applications to the major problems of the economy. Emphasis is on microeconomics.

5310. Price and Income Theory (3:3:0). Designed for graduate students who need intensive study of intermediate economic price and income theory.

5311. Macroeconomic Theory and Policy (3:3:0). Prerequisite: ECO 3311 or 5310. Market clearing and non-market clearing business cycle models and their policy implications. Emphases include inflation, real growth, unemployment, and balance of payments and their interactions.

5312. Microeconomic Analysis (3:3:0). Prerequisite: ECO 5310 or consent of instructor. Theory of household and firm choice, duality, commodity, and factor market structures, general equilibrium and welfare economics. Emphasis on theory and policy applications.

5313. Mathematical Economics I (3:3:0). Prerequisite: Consent of instructor. The application of mathematical techniques to economic model-building.

5314. Econometrics I (3:3:0). Prerequisite: AAEC 5311 or ISQS 5349 or consent of instructor. Topics chosen from the following: problems in single and multiple regressions, qualitative choice models, specification tests, estimation of rational expectations models, and fixed-effects models.

5315. Mathematical Economics II (3:3:0). Prerequisite: ECO 5313 or consent of instructor. Advanced topics in the application of mathematics to economic model-building including dynamic models and programming techniques.

5316. Time Series Econometrics (3:3:0). Prerequisite: ECO 5314. Contemporary issues in time series econometrics. Topics include dynamic models, ARMA models, stationarity, causality and exogeneity, unit root tests, integration and error correction.

5317. Natural Resource and Environmental Economics (3:3:0). Prerequisite: ECO 5312 or consent of instructor. Covers theory and policy in natural resource and environmental economics. Optimal rules for renewable and nonrenewable patterns of use, public policy. Intensive study of one sector (energy, water, forestry).

5318. History of Economics (3:3:0). This course examines various historical episodes and their influence on the development of economic theories.

5323. Monetary Theory I (3:3:0). Prerequisite: ECO 3323 or 5310. Introduction to monetary theories and their policy implications. Partial and general equilibrium models of price levels, inflation rates, income flows, and interest rates are developed in an open economy context.

5324. Seminar in Public Finance (3:3:0). Prerequisite: Consent of instructor. Analysis of economic effects of taxation, governmental expenditures, debt management, and budgetary planning and administration.

5325. Seminar in Economic Policy (3:3:0). Prerequisite: Consent of instructor. Analysis of major economic issues, theories, or policies. May be repeated for credit.

5328. Monetary Theory II (3:3:0). Prerequisite: ECO 5323 or consent of instructor. Recent developments and controversies in monetary theory and policy. Emphasis on leading edge issues and literature and on development of research skills in monetary economics.

5329. Current Problems in Public Finance (3:3:0). Prerequisite: Consent of instructor. Research in and analysis of public goods, public choice, public budgeting, cost-benefit analysis, and intergovernmental fiscal relations.

5332. Advanced International Finance (3:3:0). Prerequisite: Advanced graduate standing and consent of instructor. Advanced study of theory, problems, and policies associated with the international monetary system. (FIN 5332).

5333. Advanced International Economics (3:3:0). Prerequisite: ECO 3333 or consent of instructor. Advanced study of theory, problems, and policies in international economics.

5337. Health-Care Economics (3:3:0). Prerequisite: ECO 5300 or equivalent. The application of economic principles to the analysis of problems and the formulation of policies in the health-care sector of the economy.

5346. Game Theory (3:3:0). Introduction to game theory with an emphasis on economic applications.

5347. Topics in Industrial Organization (3:3:0). Prerequisite: ECO 5312 or consent of instructor. Study of recent research in applied microeconomics and business behavior. Topics include oligopoly, vertical integration, collusion, and the empirical links between monopoly power and profitability.

5381. Empirical Studies in Macroeconomics (3:3:0). Prerequisite: ECO 5311 or consent of instructor. Contemporary theoretical and empirical macroeconomic issues. Use of empirical studies to evaluate competing hypotheses. Student conducted empirical studies.

5382. Advanced Microeconomics (3:3:0). Prerequisite: ECO 5312 or consent of instructor. Topics include investment and capital theory, uncertainty, general equilibrium, and welfare.

6000. Master's Thesis (V1-6).

7000. Research (V1-12).

8000. Doctor's Dissertation (V1-12).

Courses in Geography. (GEOG)

5300. Geographic Information Systems (3:2:3). Review of basic cartographic principles and the use of geographic information systems for thematic mapping and spatial analysis. Laboratory emphasizes experience with GIS software.

5301. Remote Sensing of the Environment (3:2:3). Review of remote sensing techniques, including air photo interpretation and digital satellite image processing. Emphasis on the use of remote sensing imagery in geographic information systems.

5302. Advance Geographic Information Systems (3:2:3). Prerequisite: GEOG 5300 or equivalent. An advanced course in geographic information systems. Major topics include data acquisition, database management, and spatial analysis techniques. Laboratory emphasizes experience with professional GIS software.

5303. Advanced Human Geography (3:3:0). Consideration of current research in human geography with special reference to the spatial aspects of natural resource-environmental analysis. May be repeated as topic varies.

5304. Advanced Physical Geography (3:3:0). Consideration of current research in physical geography with special reference to the spatial aspects of natural resource-environmental analysis. May be repeated as topic varies.

5306. Seminar in Geography of Arid Lands (3:3:0). Systematic and regional review and analysis of the physical nature and problems of human utilization of the arid and semi-arid lands of the earth.

5307. NAFTA, Western Hemisphere Trade, and Regional Integration in the Americas (3:3:0). Consideration of spatial and cultural aspects of trade and economic development in the Western Hemisphere with emphasis on NAFTA, Mercosur, CACM, and regional integration organizations.

5309. Seminar in Regional Analysis (3:3:0). Consideration of the objectives and methods of regional analysis and the application of research techniques to the spatial analysis of selected regions. May be repeated as topic varies.

5310. Readings in Geography (3). Conference course. May be repeated for credit.

7000. Research (V1-12).

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