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Course Criteria
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3.00 Credits
General equilibrium. Economics of information and uncertainty. Game theory. Mechanism design and social choice. Contract theory.
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3.00 Credits
Fundamental topics in macroeconomics, including consumption, investment, government purchases, taxation, government debt, output supply, money and inflation, unemployment, elementary economic growth. Emphasis is on the microeconomic foundations of macroeconomics. Economic intuition is stressed.
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3.00 Credits
Rigorous examination of basic macroeconomic theory, including household choice of consumption demand and labor supply, capital accumulation and economic growth, government purchases, taxation, government debt, investment, consumption and investment under uncertainty, real business cycle models. Throughout the course, the connection between economic intuition and formal mathematical analysis is emphasized. The level of mathematical rigor is high.
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3.00 Credits
Continuation of ECG 704. Topics include, but are not limited to, money demand and supply; money and growth; inflation; term structure of interest rates; money and fluctuations, including real and New Keynesian models; theories of unemployment; conduct of policy and problems of time consistency; asset pricing; introduction to open economy models.
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3.00 Credits
Survey of microeconomic literature on industrial organization: internal structure of the firm, number and sizes of firms in an industry, pricing and output behavior of firms. Public policy, including antitrust laws, patent and copyright laws, and government regulation of industry.
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3.00 Credits
Advanced study of selected topics such as oligopoly theory, empirical models of industry, principal-agent contracts, economic theories of firm organization, antitrust issues, economic theories of regulation and economics of property rights.
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3.00 Credits
Systematic analysis of development and cumulation of economic thought, designed in part to provide sharper focus and more adequate perspective for understanding of contemporary economics.
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3.00 Credits
Application of microeconomic theory and welfare economics to public sector. Externalities and public policy, theory of public goods, collective choice, program budgeting and cost-benefit analysis, theory of taxation and its application to tax policy, public debt and fiscal federalism.
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3.00 Credits
Theoretical tools and empirical techniques necessary for understanding of resource and environmental economics, developed in both static and dynamic framework. Discussions of causes of environmental problems, possible policies and approaches to nonmarket valuation. Analysis of resource use over time using control theory for both renewable and exhaustible resources.
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3.00 Credits
Advanced study of selected topics in environmental and resource economics. Topics vary with interests of instructor and students.
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