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Course Criteria
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3.00 Credits
The Economics of Organization applies transactions costs and principal-agent theories to study the internal organization of the firm. Topics covered include the boundaries of the firm, corporate governance, and internal incentive systems. Prereq: ECO 610 or equivalent.
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3.00 Credits
The Economics of Firm Strategy applies economic tools to the analysis of firm strategy. Topics to be covered include basic cost and demand conditions, economies of scale and scope, product differentiation, entry and mobility conditions, price discrimination and commodity bundling, vertical control, and rivalry and strategy. Prereq: ECO 610 or equivalent.
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3.00 Credits
This course takes a balanced practitioner approach to the problems of the environment and environmental regulation. Efficiency aspects will be developed carefully, so as to provide a background for an extensive coverage of various available alternative policies. Prereq: PA 652 and MPA or economics program status or consent of instructor. (Same as PA 727.)
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3.00 Credits
This seminar in environmental economics deals with market failure, benefit-cost analysis, no market failure, valuations of environmental changes, and selected topics in environmental economics. Central to the course is valuing changes in health risks, risk perception, and behavior related to health risk. Selected topics include international issues, environmental equity and markets for environmental quality. This course and ECO 725 Health Economics are the two courses that are the basis for the area in Environmental and Health Economics in the Ph.D. Program in Economics. Prereq: ECO 601 and ECO 703 or consent of instructor.
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3.00 Credits
This course rigorously examines the organization, financing, and management of the US health care system and programs, and emphasizes economic analysis contemporary health policy concerns. By the end of the semester, students should have the institutional knowledge and analytic tolls needed to contribute to current public policy debates about health and medical care. This course and ECO 724 Environmental Economics are the two courses that are the basis for the area in Environmental and Health Economics in the Ph.D. program in Economics. Prereq: ECO 601 and 703 or consent of instructor.
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3.00 Credits
The theory and estimation of the demand for and the supply of labor are introduced. Topics include demographic changes, minimum wages, retirement, and secular trends in labor force participation. The concept of human capital is examined, including applications to income distribution. Theory and evidence on the structure of wages in the U.S. is considered. Topics include compensating wages and race and gender differences. Prereq: ECO 601 or consent of instructor.
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3.00 Credits
Dynamic and cyclical labor demand are examined theoretically and empirically. Models of unemployment are considered, including search theory and the implicit contract model. Aspects of labor unionism are examined including changes in union membership, strikes, and union wages and employment. The incentive effects of compensation are discussed, including sorting models and the principal-agent problem. Prereq: ECO 601 or consent of instructor.
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3.00 Credits
A study of firms and markets covering such topics as organizational structure and objectives of firms; product selection, advertising and quality; price discrimination; vertical control; entry, accommodation and exit; cost structure and market organization, market structure and performance; and public policy. Prereq: ECO 601 or consent of instructor.
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3.00 Credits
A comprehensive survey of the literature in industrial organizations including static theories of oligopoly, dynamic theories of oligopoly, information about strategic behavior, research and development, patents, and adoption of new technology.
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0.00 Credits
Half-time to full-time work on dissertation. May be repeated to a maximum of six semesters. Prereq: Registration for two full-time semesters of 769 residence credit following the successful completion of the qualifying exams.
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