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Course Criteria
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3.00 Credits
The central propositions of contemporary economic analysis are set forth. Topics include interaction of firms and households; determination through the market of resource allocation, outputs, prices, and incomes; capital and interest; theories of general equilibrium; static and dynamic models. Prerequisites/Corequisites: Prerequisite: ECON 2010 or ECON 6490 or permission of instructor. When Offered: Fall term annually. Credit Hours: 3
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3.00 Credits
Application of statistical and mathematical techniques to analyze economic data. The formulation and interpretation of mathematical models that involve quantifiable economic relationships. The role of probability theory and statistical inference in the solution of model systems. Small-sample and asymptotic OLS regression, instrumental variables and GMM, multi-equation systems, panel data analysis, and maximum likelihood estimation including for binary, censored, and truncated dependent variables. Some mathematical facility is assumed. When Offered: Spring term annually. Credit Hours: 3
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3.00 Credits
Applications of advanced econometric techniques such as two-and three-stage least squares, maximum likelihood, seemingly unrelated regression, full information likelihood, distributed lags, and autocorrelation correction to a variety of business and economic problems, including the capital asset pricing model, learning curve, economies of scale, hedonic price indexes, investment, production, and limited dependent variable models. Prerequisites/Corequisites: Prerequisite: ECON 6570 or permission of instructor. When Offered: Spring term alternate years. Credit Hours: 3
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3.00 Credits
This course examines theory of national income determination, the role of monetary and nonmonetary factors in our economic system as described by various schools of macroeconomics. Alternative perspectives on monetary and fiscal policies are critically examined. Prerequisites/Corequisites: Prerequisite: ECON 2020 or ECON 6490 or permission of instructor. When Offered: Spring term annually. Credit Hours: 3
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3.00 Credits
This seminar in the Ecological Economics, Values, and Policy Professional Master's Program surveys the theories, methods, and world views of the approaches of ecological economics and science and technology studies to social scientific and humanistic environmental inquiry. Topics include: valuation, social construction, market failure, cultural studies, externalities, environmental policy and politics, Pareto optimality, and environmental ethics and philosophy. When Offered: Fall term annually. Credit Hours: 3
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3.00 Credits
This seminar focuses on the development of practical proposals for responding to environmental problems and opportunities. Research projects will include both primary data collection and the formulation of policy recommendations. Course readings will focus on case studies that involve disputes over environmental and economic issues, providing the basis for class discussion about how such disputes can be documented, analyzed, and resolved through various scientific, legal, managerial, and policy initiatives. Prerequisites/Corequisites: Prerequisites: EEVP Professional Master's students or permission of instructor. When Offered: Fall term annually. Credit Hours: 3
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3.00 Credits
Credit Hours: 3
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3.00 Credits
Selected topics in economic analysis and problems to meet the special needs of graduate students in various curricula throughout the Institute. This allows students to pursue more in-depth work in their areas of study. Prerequisites/Corequisites: Prerequisites: ECON 2010 and permission of instructor. Credit Hours: 3
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3.00 Credits
Active participation in a semester-long project, under the supervision of a faculty adviser. A Professional Project often serves as a culminating experience for a Professional Master's program but, with departmental or school approval, can be used to fulfill other program requirements. With approval, students may register for more than one Professional Project. Professional Projects must result in documentation established by each department or school, but are not submitted to the Graduate School and are not archived in the library. Grades of A,B,C, or F are assigned by the faculty adviser at the end of the semester. If not completed on time, a formal Incomplete grade may be assigned by the faculty adviser, listing the work remaining to be completed and the time limit for completing this work.
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1.00 - 9.00 Credits
Active participation in research, under the supervision of a faculty adviser, leading to a master's thesis. Grades of IP are assigned until the thesis has been approved by the faculty adviser and accepted by the Office of Graduate Education to be archived in a standard format in the library. Grades will then be listed as S. Credit Hours: 1 to 9
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