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Course Criteria
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4.00 Credits
Estimation and hypothesis testing in classical linear regression models as well as violations of each classical assumption. Discrete dependent variable models and systems of simultaneous equation are also covered.
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4.00 Credits
Time-series econometrics including stationary ARMA models, estimation and hypothesis testing in the presence of unit roots, and financial models with conditional heteroskedasticity.
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4.00 Credits
Analyzes the determinants of labor supply, labor demand, and equilibrium. Topics include the work-incentive effects of income-support programs and the effects of immigration on labor markets.
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4.00 Credits
Studies the allocation and pricing of labor within firms. Topics covered include employee selection, design of optimal piece rates, advantages and disadvantages of seniority-based pay, tournaments and promotions, and incentives in team production.
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4.00 Credits
Economic theory, basic econometric techniques as they apply to economics of education. Specific areas of focus include production and financing of education, contribution of education to economic growth and development, organization of education industry, and bias and discrimination in education.
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4.00 Credits
Topics may include behavior under uncertainty, markets in contingent claims, insurance law and institutions, insurance as financial management, valuation of insurance companies, regulation of insurance, disaster insurance, health insurance, moral hazard, adverse selection, public policy toward insurance.
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4.00 Credits
Examines social policy to minimize the losses to crime and the costs of crime control. Develops the economics of crime generation, law enforcement, prosecution, corrections, and punishment.
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4.00 Credits
Application of economic and statistical principles to health and health services. Topics may include the determinate of health, demand for health care and health insurance, competition and monopoly in health care and insurance of health care, HMOs and managed care plans, public policy and international comparisons.
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4.00 Credits
A rigorous study of strategic interaction. Topics include normal and extensive form games, existence and uniqueness of equilibrium, randomization, minimax, dynamics and equilibrium selection, auctions and bargaining, principle-agent incentives, voting, private contributions to public goods, oligopoly competition, market entry and burning money, wars of attrition.
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4.00 Credits
Applied theories as guides to improving negotiations. Develop and sharpen negotiating skills by participating in realistic negotiating simulations. A number of cases will be presented; individuals make choices about actions and tactics within the negotiation.
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