Schedule of Classes
Index
| Schedule of Classes |
|---|
Fall '99Section seat counts current as of: Sep 22 09:30ECON Economics( Behavioral and Social Sciences) ECON200 Principles of Micro-Economics; (4 credits) Grade Method: REG/P-F/AUD. CORE Behavioral and Social Science (SB) Course. USP Distributive Studies Area D: Social and Behavioral Sciences Course.Prerequisite: MATH 110 or placement in MATH 115 or above. It is recommended that students complete ECON 200 before taking ECON 201. Credit will be granted for only one of the following: ECON 200 or ECON 203. Formerly ECON 203. This course emphasizes the behavior of individual consumers and business firms, problems of international trade and finance, the distribution of income, policies for eliminating poverty and discrimination, the problems of environmental pollution, and the impact of different market structures upon economic activity. ECON200H Principles of Micro-Economics; (4 credits) Grade Method: REG/P-F/AUD. CORE Behavioral and Social Science (SB) Course. USP Distributive Studies Area D: Social and Behavioral Sciences Course. Prerequisite: MATH 110 or placement in MATH 115 or above. It is recommended that students complete ECON 200 before taking ECON 201. Credit will be granted for only one of the following: ECON 200 or ECON 203. Formerly ECON 203. ECON201 Principles of Macro-Economics; (4 credits) Grade Method: REG/P-F/AUD. CORE Behavioral and Social Science (SB) Course. USP Distributive Studies Area D: Social and Behavioral Sciences Course. Prerequisite: MATH 110 or placement in MATH 115 or above. It is recommended that students complete ECON 200 before taking ECON 201. Credit will be granted for only one of the following: ECON 201 or ECON 205. An introduction to the problems of unemployment, inflation, and economic growth. Emphasis on roles of monetary and fiscal policy in the conduct of macroeconomic policy. The efficacy of wage and price controls is analyzed. ECON201H Principles of Macro-Economics; (4 credits) Grade Method: REG/P-F/AUD. CORE Behavioral and Social Science (SB) Course. USP Distributive Studies Area D: Social and Behavioral Sciences Course. Prerequisite: MATH 110 or placement in MATH 115 or above. It is recommended that students complete ECON 200 before taking ECON 201. Credit will be granted for only one of the following: ECON 201 or ECON 205. For general honors students only. ECON301 Current Issues in American Economic Policy; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: {ECON 200; and ECON 201} or ECON 205. Analysis of current economic problems and public policies. Inflation, umemployment, market power, government regulation, poverty and distribution of income, federal budget and tax policy, environment. ECON305 Intermediate Macroeconomic Theory and Policy; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON 200; and ECON 201; and MATH 220. Credit will be granted for only one of the following: ECON 305 or ECON 405. Formerly ECON 401. Analysis of the determination of national income, employment, and price levels. Discussion of consumption, investment, inflation, and government fiscal and monetary policy. ECON306 Intermediate Microeconomic Theory; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON 200; and ECON 201; and MATH 220. Formerly ECON 403. Analysis of the theories of consumer behavior and of the firm, market systems, distribution theory and the role of externalities. ECON311 American Economic Development; (3 credits) Grade Method: REG/P-F/AUD. USP Distributive Studies Area D: Social and Behavioral Sciences Course. Prerequisites: {ECON 200; and ECON 201} or ECON 205. An analysis of the major issues in the growth and development of the American economy. Basic economic theory related to such topics as agriculture, banking, industrialization, slavery, transportation, and the depression of the 1930's. ECON315 Economic Development of Underdeveloped Areas; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: {ECON 200; and ECON 201} or ECON 205. Credit will be granted for only one of the following: ECON 315 or ECON 416. Formerly ECON 415. Analysis of the economic and social characteristics of underdeveloped areas. Recent theories of economic development, obstacles to development, policies and planning for development. ECON321 Economic Statistics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON 200, ECON 201 and MATH 220/MATH 140. Not open to students who have completed BMGT 230 or BMGT 231. Formerly ECON 421. Introduction to the use of statistics in economics. Topics include: Probability, random variables and their distributions, sampling theory, estimation, hypothesis testing, analysis of variance, regression analysis and correlation. ECON375 Economics of Poverty and Discrimination; (3 credits) Grade Method: REG/P-F/AUD. CORE Diversity (D) Course. Prerequisites: {ECON 200; and ECON 201} or ECON 205. The causes of the persistance of low income groups; the relationship of poverty to technological change, to economic growth, and to education and training; economic results of discrimination; proposed remedies for poverty and discrimination. ECON381 Environmental Economics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON 200 or ECON 205 or permission of department. Application of economic theory to problems of enviromental quality and management. Theory of economic externalities, common property resources, alternative pollution control measures, and limits to economic growth. ECON386 (PermReq) Experiential Learning; (3-6 credits) Grade Method: REG/P-F. Prerequisite: ECON 200, ECON 201, GPA > 2.75. 56 semester hours. For ECON majors only. ECON396 Independent Honors Study; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: candidacy for honors in economics or by permission of instructor. Normally taken in senior year. Course will explore selected topics in economic theory and its application in depth. Analysis of methodologies in economic research and the development of student skills in research methods. Students will prepare workshop papers. ECON397 Honors Thesis; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON 396 and candidacy for honors in economics. General supervision will be provided through assembled meetings with the professor in charge of the course. ECON399 (PermReq) Individual Reading and Research For Undergraduates; (3 credits) Grade Method: REG/P-F/AUD. Individual Instruction course: contact department or instructor to obtain section number. Permission of instructor must be arranged in advance. Open only to students who have previously earned 6 or more credits in upper division economics courses.
ECON402
Macroeconomic Models and Forecasting;
(3 credits)
Grade Method: REG/P-F/AUD.
ECON407 Advanced Macroeconomics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON 305. An in-depth analysis of current issues in macroeconomic theory and policy. Topics covered include: 1. alternative perspectives on macroeconomics including monetarism, new classical equilibrium models, rational expectations, and real business cycle models; 2. long term growth, the slowdown in productivity growth, and concerns about U.S. competitiveness; 3. the effectiveness of macroeconomic policy in an open economy; 4. the effects of finance on the real sector. ECON414 Game Theory; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON 306 and (MATH 220 or MATH 140). Credit will be granted for only one of the following: ECON 414 or ECON 417. Formerly ECON 417. Studies the competitive and cooperative behavior that results when several parties with conflicting interests must work together. Learn how to use game theory to analyze situations of potential conflict. Applications are drawn from economics, business, and political science. ECON422 Quantitative Methods in Economics I; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON 200; and ECON 201; and {ECON 321 or BMGT 230:} or permission of department. Emphasizes the interaction between economic problems and the assumptions employed in statistical theory. Formulation, estimation, and testing of economic models, including single variable and multiple variable regression techniques, theory of identification, and issues relating to inference. Independent work relating the material in the course to an economic problem chosen by the student is required. ECON425 Mathematical Economics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON 305 or ECON 405, and ECON 306 or ECON 406, and MATH 220 or equivalent. Mathematical developments of theory of household and firm, general equilibrium and welfare economics, market imperfections, and role of information. ECON430 Money and Banking; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON 200 and ECON 201. Credit will be granted for only one of the following: ECON 430 or ECON 431. The structure of financial institutions and their role in the provision of money and near money. Analysis of the Federal Reserve System, the techniques of central banks, and the control of supply of financial assets in stabilization policy. Relationship of money and credit to economic activity and the price level. ECON440 International Economics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisites: ECON 200 and ECON 201. Credit will be granted for only one of the following: ECON 440 or ECON 441. A description of international trade and the analysis of international transactions, exchange rates, and balance of payments. Analysis of policies of protection, devaluation, and exchange rate stabilization and their consequences. ECON441 Theory of International Economics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON 305 or ECON 405; and ECON 306 or ECON 406. Credit will be granted for only one of the following: ECON 340, ECON 440 or ECON 441. Theoretical treatment of international trade and international finance. Includes Ricardian and Heckscher-Ohlin theories of comparative advantage, analysis of tariffs and other trade barriers, international factor mobility, balance of payments adjustments, exchange rate determination, and fiscal and monetary policy in an open economy. ECON451 Public Choice and Public Policy; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON 306. Analysis of collective decision making, economic models of government, program budgeting, and policy implementation; emphasis on models of public choice and institutions which affect decision making. ECON454 Theory of Public Finance and Fiscal Federalism; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 306 or ECON 406. Credit will be granted for only one of the following: ECON 450 or ECON 454. Study of welfare economics and the theory of public goods, taxation, public expenditures, benefit-cost analysis, and state and local finance. Applications of theory to current policy issues. ECON460 Industrial Organization; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON 306 or ECON 406. Changing structure of the American economy; price policies in different industrial classifications of monopoly and competition in relation to problems of public policy. ECON470 Theory of Labor Economics; (3 credits) Grade Method: REG/P-F/AUD. Prerequisite: ECON 306. Credit will be granted for only one of the following: ECON 370 or ECON 470. An analytical treatment of theories of labor markets. Marginal productivity theory of labor demand; allocation of time in household labor supply models; theory of human capital; earnings differentials; market structure and the efficiency of labor markets; the role of trade unions; discrimination; and unemployment. ECON600 (PermReq) Analytical Techniques for Economists; (3 credits) Grade Method: REG/AUD. Prerequisite: permission of department. Mathematical techniques applied in microeconomics and macroeconomics. Problems involving the use of constrained and unconstrained optimization are discussed, and difference equations, differential equations, and optimal control theory are introduced. ECON601 Macroeconomic Analysis I; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 600 or permission of department. Introductory technical treatment of standard Keynesian, classical and new classical macroeconomic models. Expectations formation and microeconomic foundations of consumption, investment, money demand, and labor market behavior. ECON603 Microeconomic Analysis I; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 600 or permission of department. A detailed treatment of the theory of the consumer and of the firm, particularly emphasizing the duality approach. Topics include the household production model, imperfect competition, monopolistic and oligopolistic markets. ECON611 Seminar in American Economic Development; (3 credits) Grade Method: REG/AUD. Prerequisite: permission of department. Selected topics in the long-term movements of the American economy. Quantitative studies of the growth of output; applications of econometric methods and economic theory to topics in American economic history. ECON615 Economic Development of Less-Developed Areas; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 603 or permission of department. Analysis of the forces contributing to and retarding economic progress in less-developed areas. Topics include the relationship of international trade to development, import-substituting and export-led industrialization, the effects of population growth on economic development, and the analysis of institutions and institutional change in land tenure, finance, and labor markets. ECON622 Quantitative Methods II; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 621 or permission of department. A continuation of ECON 621. Topics relate to the generalized least squares model, to dynamic single equation and simultaneous equation models, and to qualitative dependent variable models. Among the topics discussed are various tests for heteroskedasticity and autocorrelation, prediction issues, time series models such as ARCH and GARCH models, tests for unit roots, panel data models, and systems estimation including the GMM procedure. Both linear and nonlinear models are considered. General testing principles, such as likelihood ratio, Wald, and Hausman-type test are also discussed. ECON623 Econometrics I; (3 credits) Grade Method: REG/AUD. Introduction to and development of aspects of mathematical statistics relevant for econometrics. Topics include: probability measure, random variables, density functions and distribution functions, expectations, moment generating functions, conditional distributions, independence, parameter estimators, hypothesis testing, sufficient statistics. ECON627 Empirical Macroeconomics; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 622 or ECON 721 or permission of instructor. Empirical and computational techniques that are particularly valuable in macroeconomic research. Topics include a variety of methods of modelling time series data, ARIMA modelling, state-space representation and the Kalman filter, unit roots and cointegration, vector autoregressions (VAR), and autoregressive conditional geteroskedasticity (ARCH). The course will also look at Euler equation estimation using the Generalized Method of Moments (GMM) and calibration of general equilibrium models. ECON662 Industry Structure, Conduct, and Performance; (3 credits) Grade Method: REG/AUD. Prerequisites: ECON 603 and ECON 604. Dynamic theories of industry structure, conduct, and performance. Topics include: long run industry structure; dynamics of R&D competition and technological change; and entry, exit, and industry evolution. Antitrust policies pertaining to monopolization and natural monopoly regulation are also studied. ECON681 Comparative Economic Systems and Economies in Transition; (3 credits) Grade Method: REG/AUD. Theory and practice of economic systems with institutional structures differing markedly from those of decentralized market economies, especially focusing on the systems of the former Soviet-bloc. Approaches to systemic change, focusing on their empirical and theoretical underpinnings. Analysis of the experience of reforms in Eastern Europe. ECON698 (PermReq) Selected Topics in Economics; (3 credits) Grade Method: REG/AUD. Individual Instruction course: contact department or instructor to obtain section number.
ECON698E
(PermReq)
Selected Topics in Economics:
Econometrics Workshop;
(3 credits)
Grade Method: REG/AUD.
ECON698M (PermReq) Selected Topics in Economics: Macroeconomics Workshop; (3 credits) Grade Method: REG/AUD. ECON701 Advanced Macroeconomics I; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 601; and ECON 602. Recent developments in macroeconomics with an emphasis on topics and techniques useful for conducting research in macroeconomics. Topics include advanced treatment of fiscal and monetary policy issues; the role of imperfect competition; real, sectoral and nominal business cycle models. ECON703 Advanced Microeconomics I; (3 credits) Grade Method: REG/AUD. Prerequisites: ECON 603 and ECON 604. Formal treatment of game theory and its microeconomic applications are presented, emphasizing dynamics and information. Equilibrium concepts for static and dynamic games, and games with complete and incomplete information are studied. Topics also discussed: mechanism design, efficiency, reputations, signaling, and screening. ECON708 Advanced Topics in Applied and Theoretical Microeconomics; (3 credits) Grade Method: REG/AUD. ECON709 Advanced Topics in Applied and Theoretical Macroeconomics; (3 credits) Grade Method: REG/AUD. ECON721 Econometrics III; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 624 or permission of instructor. A continuation of ECON 624. Estimation hypothesis testing and prediction in various generalized linear regression models, and in dynamic and simultaneous equation models. Topics include: autocorrelation, heteroskedasticity, seemingly unrelated regressions, cross section and time-series models, and general testing principles for significance. ECON722 Econometrics IV; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 721 or permission of instructor. A continuation of ECON 721. A "topics course." The topics considered are a large subset of the following: inference in parametric and semi-parametric nonlinear econometric models (least mean distance and GMM estimation); pretest estimation issues; rational expectations models; further issues in specification testing; qualitative and limited dependent variable models (binary and polychotomous choice models, truncated and censored samples, etc.); causality and exogeneity; time series models with unit roots; cointegration; spatial models; ARCH and GARCH models; the Kalman filter; cross section time series models (random parameters); and optimal control. ECON725 (PermReq) Empirical Economic Modeling I; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 622 or ECON 721. Credit will be granted for only one of the following: ECON 725 or ECON 625. The experience of building a structural macroeconomic model. Computer techniques for creating models and writing model-building software. Basics of input-output economics. ECON742 Advanced International Economics II; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 603 or permission of department. Comparative advantage, Heckscher-Ohlin theory, specific-factors model, empirical verification, economies of scale, imperfect competition, commercial policy, factor mobility. ECON752 Seminar in Public Finance; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 751. Theory of taxation, with particular emphasis on income taxation; empirical studies; the burden of the public debt. ECON756 Theory of Public Choice II; (3 credits) Grade Method: REG/AUD. Prerequisites: ECON 603 and ECON 604. The economic study of non-market decisions and the application of economic methodology to political issues is a main focus. Topics may include: Bergson-Samuelson social welfare functions; Arrow's impossibility theorem; single-profile impossibility theorems; relation between "independence" and "neutrality"; Sen's liberal paradox; majority rule and unanimity rule; other voting rules; Buchanan's critique of social rationality; Rawls and just social contracts; Harsanyi and Utilitarianism; Nash social welfare functions. ECON771 Advanced Labor Economics: Theory and Evidence; (3 credits) Grade Method: REG/AUD. Prerequisite: ECON 603, and (ECON 621, or ECON 624) or permission of department. Modern analytical and quantitative labor economics. Labor supply decisions of individuals and households; human capital model and distribution of income. Demand for labor; marginal productivity theory, imperfect information and screening. Interaction of labor demand and supply; unemployment; relative and absolute wages; macroeconomic aspects of the labor market. ECON781 Environmental Economics; (3 credits) Grade Method: REG/AUD. Prerequisites: ECON 603 and ECON 604; and (ECON 621 or ECON 624). The study of economics as it applies to environmental issues and policies. Topics include: the theory of externalities and its implications, the design of environmental policies with applications, open-economy environmental economics encompassing the impact of international trade on the environment and global environmental management, and the measurement of the benefits and costs of environmental programs. ECON799 Master's Thesis Research; (1-6 credits) Grade Method: REG. Individual Instruction course: contact department or instructor to obtain section number.
ECON808
Workshop on Macroeconomics and Growth:
Workshop in Applied Economics;
(3 credits)
Grade Method: S-F/AUD.
ECON848 (PermReq) Workshop in International Development, and Comparative Economics; (3 credits) Grade Method: S-F/AUD. ECON868 (PermReq) Workshop in Industrial Organization; (3 credits) Grade Method: S-F/AUD. ECON878 Workshop in Labor Economics; (3 credits) Grade Method: S-F/AUD. ECON899 Doctoral Dissertation Research; (1-8 credits) Grade Method: REG. Individual Instruction course: contact department or instructor to obtain section number. |
|
Copyright © 1999 University of Maryland Please send questions or comments to: webmaster@venus.umd.edu |