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Course Criteria
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3.00 Credits
This course focuses on the inter-relationship between natural and manmade hazards and disasters and the economy. Disasters within the economic and sociology literature arise when an event impacts the physical, social and economic infrastructure beyond its normal absorptive capacity. Topics covered and examined include natural hazards and their effects on regional development, manmade disasters, methods of hazard analysis, impact estimation techniques, and disaster planning and mitigation, public policy and issues. Prerequisite(s): ECO 156 and ECO 157 (3,0) 3 credits
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3.00 Credits
The course will focus on application of statistics and mathematics to problems of formulating and estimating models of economic behavior. Topics to be covered: Fundamentals of probability and statistics used in economics and applied science. Introduction to central limit theorem and Gauss Markov theorem; Univariate and Multivariate regression using Ordinary Least Square (OLS); Finite and large-sample properties of the classical regression models; Dummy variables and varying parameter models; specification analysis. Prerequisite(s): MTH 110 and MTH 130, or MTH 131, or MTH 150 or equivalent, and ECO 156 or ECO 157 (3,0) 3 credits
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3.00 Credits
This course teaches how to bring industrial organization theory to data and vice-versa. We will cover strategic models of firm competition and selected trade policy issues. We will use an explicit game-theoretic approach and study simplified versions of theoretical models from Industrial Organization and International Trade. The theoretical material will be illustrated with case studies and examples. The focus will be on different topic including monopoly and competition, cartels and collusion, entry and market structure, price discrimination, information and competition, technological change and competition, and empirical analysis of auctions and organizations. Prerequisite(s): ECO 260 or 262, ECO 255 or 270 (3,0) 3 credits
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3.00 Credits
This course introduces students to the issues, interactions and interrelationships arising between the market and government policymaking. Topics covered include: tools of public finance, budget analysis, externalities, political economy cost-benefit analysis, taxation and policy, social insurance, income distribution and welfare. Prerequisite(s): ECO 260 or 262, ECO 255 or 270 (3,0) 3 credits
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3.00 Credits
This course will focus on the principles and practices of applied economics and welfare analysis. The basic theory of cost-benefit analysis is presented and its relevance for social policy analysis is established. Applications of cost-benefit analysis are examined in the light of management decision making, theoretical grounding in finance, accounting, marketing, investment and planning. Its applications in health care industry, nonprofit sector, entertainment sector, transportation sector and Information Technology sector are also examined. Prerequisite(s): ECO 260 or 262, ECO 255 or 270 (3,0) 3 credits
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3.00 Credits
The basic objective of this course is to introduce the key players and landscapes, in which economic development is practiced, to provide a basic theoretical foundation in economic development studies, to address economic development strategies and policy alternatives, and to explore financial options available for economic development. Students in this course will use Microsoft Excel spreadsheet software to apply basic planning methods to real planning and economic development issues and data sets. Class meetings will include both lectures and applied case problems in demography, land use, regional economic development and transportation. Prerequisite(s): ECO 260 or 262, ECO 255 or 270 (3,0) 3 credits
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3.00 Credits
This course is an examination of technology based growth and development both in historical and current contexts. Topics include technology-based economic development, the role of human capital, technology transfer, intellectual property rights and patents, and network economics. Prerequisite(s): ECO 260 or 262, ECO 255 or 270 (3,0) 3 credits
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3.00 Credits
This course provides an introduction to urban economics within a context of public policy and planning. The problems of rapid urban growth, urban sprawl, spatial mismatch of jobs and residential locations of lowincome workers, traffic congestion, affordable housing, education, homelessness, crime, and poverty concentration are some of the byproducts of the dynamics of metropolitan markets for real estate, labor and transportation. We examine and evaluate critically the accounting and economic frameworks used to measure regional economic growth and review multipliers, backward and forward linkages, supply chains, and other measures. We discuss how these concepts can be used to assess employment and environmental impacts and infrastructure investments, accounting for measurement problems, such as the underground economy. We review price indices, employment and industrial location measures, and shift-share analyses. Economic growth and development is analyzed with the focus on the dynamics of strategic regional policy making. Prerequisite(s): ECO 260 or 262, and ECO 255 or 270. (3,0) 3 credits
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3.00 Credits
This course provides a survey of the fundamental concepts underlying economic approaches to environmental policy, illustrates applications of these concepts in the real world, and offers students the opportunity to apply their new knowledge toward understanding a current environmental problem. The course will encourage students to think critically, to speak and write simply and clearly, to own and use a body of facts and ideas that are widely known, to detect errors and acies, and to resolve intellectual problems. Prerequisite(s): ECO 260 or 262 and ECO 255 or 270. (3,0) 3 credits
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3.00 Credits
A treatment of diverse topics chosen for their importance in current economics. The course will require extensive readings, analysis, and written work. Students should consult with the department prior to registering for this course. Prerequisite(s): ECO 260 or 262 and ECO 255 or 270. (3,0) 3 credits
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